Updated over 1 year ago on . Most recent reply
Lipstick on a pig?
Hey all,
Long time follower. Long time real estate dreamer. Finally (after 7 years of reading books, research, podcasts etc) jumped off the cliff and bought a major fixer upper for very little money. It's a duplex that will eventually be two three bedroom units. It's a total gut job (hoping to start my brrrr journey here). My question and discussion point is about, as my contractor put it "putting lipstick on a pig". (on things like flooring, cabinets, remodels, siding etc) I want to hear thoughts on going as cheap as possible, making the house look "high end" (possibly attracting higher end renters and charging more) or somewhere in the middle? Is there a time to "put lipstick on the pig" to separate your house from others to get better and more well off tenants or does it just not matter? Thanks everyone!
~Steve