Producing an indie film with a micro budget, is it possible?

2021.10.18 16:40 lucashensig Producing an indie film with a micro budget, is it possible?

Good afternoon writer friends, how are you?
I'm planning to shoot a feature film next year with the financial resources I have, it's a micro budget film.
I live in Brazil and I own a very small video production company with 2 partners: The team has me, screenwriter and director, two partners who are directors of photography, a producer and an editor. The company is 3 years old and we make advertisements, corporate videos and event coverage. We own some equipment: black magic cinema pocket 4k, Sony a7iii, basic lighting kit, audio recorders, microphones and others.
Things around here are cheap, especially food for the team, and I believe it's possible to make the movie for around $20,000.
This will only be possible thanks to the group of friends who will participate in the production for free, I will direct and I have friends who agreed to be cinematographer, gaffer, producer and actors. The idea is to shot everything in a month and a half. The film has locations that we also get for free, like Studios, friends house and a secluded country house in the inner city of São Paulo.
I would like to know if anyone has ever done a low-resource indie project, and what tips and insights you would have to share. Thanks in advance! <3
Logline: In an LSD-powered retreat in an isolated country house with friends, the appearance of an obsessive stalker makes a new rising star doubt her grip on reality.
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