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11 August 2016 | 15 replies
@Joe SplitrockI suppose with inflated prices in your market just like my own, it can be profitable to buy a $30k pig, slap on $15k worth of lipstick, and resell it for $80k.
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19 March 2021 | 3 replies
Even if you are a contractor or it is more of a lipstick flip, 15% margin just isn't attractive.
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10 November 2016 | 8 replies
When I purchase my first one or two properties assuming there is no structural issues how do I establish an independent third-party to give me their opinion only on cosmetically fix up the properties (lipstick fix up) if needed so I can hire a contractor after that and tell them exactly what I want done to renovate the rental property prior to renting out ?
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21 August 2023 | 6 replies
Eat the holding costs (surely they are lower than paying for more work to get done) then put the lipstick on the pig and get out from under it How much less was the offer than what you were willing to take?
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21 March 2016 | 56 replies
Maybe the area you're in is a 'pig with lipstick'.That would be my recommendation.
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23 June 2020 | 37 replies
I really enjoy finding undervalued, under-rented, class C properties in college towns. 1031 money can’t be used for repairs and maintenance, but a little bit of inexpensive lipstick in the form of paint and flooring can quickly give you the returns to get the big stuff done.
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9 September 2017 | 40 replies
Buyers perceive this as a lipstick rehab and will question how you handled repairs, major components like HVAC systems, etc...
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12 September 2023 | 10 replies
Im not sure what your market is like but here, everyone still wants a lipstick flip.
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8 September 2023 | 6 replies
You may be limited to facelift / lipstick repair items as opposed to knocking out walls, ripping electrical and plumbing etc.