Lipstick on a pig approach, just not a slum lord.  

Or you can do it slumlord style and just put lipstick on a pig and let it be someone else's problem in the future.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $942,000

Cash invested: $20,000

Sale price: $1,360,000

Pocket Listing Live in your Flip

https://youtu.be/ke3sB...

Some flippers really believe in ‘putting lipstick on a pig’ and screwing the buyer.

They really put lipstick on a pig and sold it to us and our long time home inspector retired so we didn’t catch the problems ourselves.

That house might sell for more in an open market environment, after some attention and repairs, lipstick, it might sell at $100K, that is an estimated market value, not a market value, can't find that until it sells.

I'm a little nervous of getting a new flip not on MLS since maybe there's things they could be hiding and it's like putting lipstick on a pig, but at the same time I have seen some remodels that are stunning and it's clear there is an emphasis on craftsmanship. 

All too often, we see forum posts by inexperienced aspiring investors who bought an OOS property that had "incredible cashflow on paper", and it turns out to be a disaster--a lip-sticked pig house in a D grade neighborhood, non-paying tenants, vacancy, property destruction/crime, and MIA PMs (and an inability to find a new PM--because no PM in their right mind wants to put in the significant effort it takes to manage a D property for the tiny returns the property pays them). 

If you put new windows in, will they look like lipstick on a pig?

I think the "stigma" around TK is that there are a lot of companies out there that slap lipstick on a pig, market it with BS numbers and unrealistic expectations and leave the customer in the dust after the sale.