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Updated over 8 years ago on . Most recent reply

Leon Chappell's profile image
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Leon Chappell
  • Investor
  • from Chapel Hill, North Carolina
  • Member since Mar 17, 2016
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Leon Chappell's profile image
Leon Chappell's profile image
Leon Chappell
  • Investor
  • from Chapel Hill, North Carolina
  • Member since Mar 17, 2016
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Leon Chappell
  • Investor
  • Chapel Hill, NC
14
Votes |
73
Posts
Buying & Selling Real Estate

Lipstick on a pig phrase

Leon Chappell
  • Investor
  • Chapel Hill, NC
Posted

Hey. I have heard the term lipstick on a pig a lot since I have got into real estate. What actually constitutes lipstick on a pig over a real rehab? Is putting lipstick on a pig something like just replacing carpet and painting in a house that needs electrical ,plumbing ,or foundational work?

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Logan Hassinger's profile image
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Logan Hassinger
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  • from Fort Worth, TX
  • Member since Dec 11, 2014
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Logan Hassinger's profile image
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Logan Hassinger
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  • from Fort Worth, TX
  • Member since Dec 11, 2014
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Logan Hassinger
  • Specialist
  • Fort Worth, TX
226
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Logan Hassinger
  • Specialist
  • Fort Worth, TX
Replied

A PIG has a value today that it did 20 years ago and the same value 20 years from now, no matter what rehab is done. 

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