What do you budget for unforseen expenses?

Rehabbing, Fix and Flip, Rental Properties
1

Hi all,

I am working on the budget for our flip and I am trying to determine what money to put aside for stuff that we don’t yet know we need. Should this be 10% of our budget? Or more? What do you all do and does your method work well for you?

Thank you!

Laura

2

i figure 20% contingencies, expecting to use at least 10%