Jered Collins
Struggling to find deals
21 May 2017 | 2 replies
The easy lipstick rehabs are a thing of the past for now in most areas.
Patrick Philip
Has anyone ever flipped a house that went wrong?
4 May 2017 | 21 replies
If you do a lipstick flip (new paint, new carpet, new landscape, etc) you will likely not have anything major that was not detected (so long as the electrical, plumbing, roof, foundation, and HVAC was inspected).When you do major rehabs where you are moving walls, taking things down to he studs, room additions, etc, you almost always run into additional costs (demo costs were more than anticipated, new plumbing and or wiring needed, longer than expected rehab timeframe, etc).I have flipped a lot of homes in price ranges from $300k+ to $4M and I was able to flip my first 30 or so without any losses.
Hal Cranmer
48 unit Apartment Building for $430K
1 August 2013 | 4 replies
I see many investors do lipstick job for turn arounds.
Joseph Lark
detroit mi
13 October 2014 | 21 replies
He finds the houses puts some lipstick on them and then sells them to Buy-and-Hold investors.
JH Bridge
Lost in the vortex
7 October 2013 | 8 replies
Your third chance is to buy it from the bank as a REO, or from an investor/flipper who bought it at auction, put some lipstick on it, and flip it for top dollars.Short sale is your best bet.
Simon K.
Starting out with very little money
12 July 2012 | 16 replies
You have enough cash to get into some deals and do some minor repairs and lipstick but other issues, like credit and income, ability to carry the debt, having rehab experience and to what degree are you rehabbing.
Joe Foster
Can I buy as B and C for no down?
12 April 2011 | 9 replies
You can put a dress on a pig slap lipstick on it and call it Megan Fox it's still a pig.As others stated Joe you can't do this it's classified as mortgage fraud and there is no other way creative or otherwise to do this with the way you suggested it.Find other way or pay the consequences for your actions but no one here is going to tell you to commit fraud no f'n way.
Michael P.
60k Prop or 100k Prop? Cash flow vs. Value
11 July 2017 | 36 replies
I'm not talking about lipstick on a pig type of stuff that many "turnkey" providers in fact peddle, I mean real turnkey where this stuff has been addressed.
Jaquette Green
Is this a deal or no deal?
12 August 2021 | 68 replies
A video is nice to see the exterior but it could be lipstick on a pig with lots of expensive issues hidden beneath the service.