![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1377141/small_1621511759-avatar-quentinc10.jpg?twic=v1/output=image&v=2)
10 March 2020 | 2 replies
The rehab budget is 30K, but I have not been able to find a hard money loan for that low of an amount.I have been reaching out to private lenders, and I am having a lot of them hit me up on facebook, but how do I know who a legit lender is?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1666001/small_1695282167-avatar-tahjr2003.jpg?twic=v1/output=image&v=2)
8 March 2020 | 3 replies
I will take your advice a get quotes prior to closing to make sure I stay in budget.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1628225/small_1621514291-avatar-johns1948.jpg?twic=v1/output=image&v=2)
15 March 2020 | 11 replies
You need an actual budget based on condition, guesstimates are usually fine, as long as you have a list of itmes they will average out.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/964995/small_1695272188-avatar-stephenj64.jpg?twic=v1/output=image&v=2)
9 March 2020 | 7 replies
If not then need to budget for floors 10 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life spa, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1067676/small_1643693022-avatar-derrickd31.jpg?twic=v1/output=image&v=2)
8 March 2020 | 1 reply
Like you, I am using a HELOC on my primary resident (as well as private lending from family through their HELOC) to fund the acquisition and rehab of the property.I bought it for $126k, budget is maxed at $60k, including a buffer (my contractor who has worked many flips in Philly and experienced RE investor friends believe I will be successful in staying under budget).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1623349/small_1621514252-avatar-stephent132.jpg?twic=v1/output=image&v=2)
11 March 2020 | 7 replies
Make sure you budget conservatively for rent but market high - some people offer lower rent but may want to offer higher rent and wait a little longer
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/934282/small_1621505807-avatar-mariac70.jpg?twic=v1/output=image&v=2)
12 March 2020 | 30 replies
As it is, just the length of the section probably makes people who would get approved think that they won't. 1/3 is pretty much the norm for many people and what people recommend when preparing budgets.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/6704/small_1621347863-avatar-swalker90.jpg?twic=v1/output=image&v=2)
16 March 2020 | 6 replies
My budget is capped at about 100k, all in.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/565768/small_1621492723-avatar-danl46.jpg?twic=v1/output=image&v=2)
3 May 2020 | 13 replies
Threatened with steep fines, after sending the certified letter, the threats disappeared, as the city (in this case Los Angeles), decides they don't have the budget to fight the US federal government in court, and lose (which happens every time the feds have defended the Fair Housing Act).
9 March 2020 | 1 reply
My budget is small now and I need that first deal to keep my momentum going.