Fix and flip projects can be lucrative ventures for real estate investors. However, they also come with a fair share of risks and challenges, and one of the most critical aspects of any fix and flip project is budgeting. A realistic budget is essential for the success of your project and can help ensure that you achieve your desired return on investment. In this guide, we will explore why a realistic budget is so important and provide tips for creating a budget that works for your fix and flip project. Understanding the Importance of a Realistic Budget With a Fix-and-Flip