This means looking for a lip stick project that can be completed and resold in 6 months or lessThe formula in a perfect worldFix and Flip a home- Make $25K to $50K (Yes you'll pay short term capital gain tax); Repeat the process 3 times; Now you'll have an additional $75K to $150K added to your $80K of savings.

Another expression for this is "lipstick on a pig."

The lipstick renovations simply don't pencil.  

Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.

   $100k would be tight.A 3/2 -- 3/2 no walls moved;   $90k is possibleA rental rehab;  lipstick, no HVAC or roof, keep everything, paint kitchen cabs and scrub up bathrooms. 

Another expression for this is "lipstick on a pig."

It was definitely a "fix and flipper" lipstick job. 

This is a lipstick + flip.New floors, paint kitchen counters, cabinet faces, new bath, install central airWhat was the outcome?

Another expression for this is "lipstick on a pig."

I am in a group that has a passive investing club and when they have a webinar the people who run the group are very experienced and will call out BS or tell people they should question whether someone can buy a class A at 6 cap and think in 24 months and put lipstick on a pig its a 4 cap.