Spotting Lipstick on a Dumpster Fire: Your Guide to Flipped Homes cover art

Spotting Lipstick on a Dumpster Fire: Your Guide to Flipped Homes

Spotting Lipstick on a Dumpster Fire: Your Guide to Flipped Homes

Listen for free

View show details

About this listen

Ask us a question!

Ever walked into a freshly painted house with new carpet and granite countertops only to discover later that the foundation is crumbling and the plumbing dates back to the 1800s? That's what Barb and Bill call "lipstick on a dumpster fire" – a hastily flipped home where serious problems lurk beneath surface-level improvements.

This eye-opening episode dives deep into the world of home flips, equipping you with practical knowledge to distinguish quality renovations from polished turds. We share real stories of buyers who fell in love with doctored listing photos only to discover twisted foundations, sagging roofs, and outdated systems hidden behind fresh paint. You'll learn the critical importance of checking permits, spotting warning signs like painted-over water damage, and understanding what professionally flipped homes should include.

Beyond identifying problematic flips, we explore financing options for buyers who want to tackle renovations themselves. From FHA 203k loans to construction financing, we break down how these programs work, what requirements they involve, and how to navigate the process successfully. Whether you're considering buying a flipped property, renovating a fixer-upper, or building from scratch, this conversation provides essential insights that could save you from making a six-figure mistake.

The difference between a dream home and a money pit often comes down to knowing what's behind the walls. Share this episode with anyone house-hunting in today's market – their wallet (and sanity) will thank you.

No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.