All Forum Posts by: Leon Chappell

I have noticed houses selling for extremely low on Zillow sometimes. This has to be a error correct? I'll try to post a link to some examples below.

http://www.zillow.com/homes/recently_sold/Raleigh-NC/house,condo,apartment_duplex,mobile,townhouse_type/53455495_zpid/54047_rid/5000-80000_price/18-281_mp/pricea_sort/36.052152,-78.276215,35.574403,-79.014359_rect/10_zm/?3col=true

Im having a hard time finding a property to flip for my first time. I don't know if it's my market or my skills at finding properties. I want some experience though. I was thinking maybe I could just try to break even or possible risk losing a little on my first property just to get my feet wet? Any suggestions?

@David Dachtera Thanks. all of this information is helping me get a better understanding of what a PIG really is. I thought I had a better grip on it than that.

@Joel Owens That's a good Idea. I have noticed that newly renovated properties are not always what the seller is trying to make you believe it is. I feel like they are just using keywords to help make a sell.

@Logan Hassinger. I definitely want to avoid something like that lol

Thanks man. I really appreciate it.

@Ben Leybovich Oohhhh so the PIG is more about how bad the property is financially than how bad it looks. I was thinking it was more of a PIG from the person that is going to buy it from you perspective. Its overall just a bad investment.

Yes. That's what I was thinking.

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?

@Ned Carey. Man that's awesome information. I really appreciate that follow up reply. I'm actually looking into a decent property in NC now. Thanks again man.

@Zach Whitt....Yeah to good to be true.

@Rich Baer Thanks. It will Help.