But those old homes can be very charming and beautiful, with character, that you might not find in today's houses.

Minnesota has a deep winter and that town is not so charming in January.For the building, you are buying 1920's era construction. 

It's a strategy I charmingly refer to as "1031, 1031, Die", but I digress.The 1031 is a bit complicated and when combined with the 121 exemption, even more so.

Purchase price: $395,000 Cash invested: $13,500 Sale price: $455,000 Charming house on a corner lot in quiet suburb.

You might also get lucky if you turn on the charm and get them to help, but don't count on it.

I am left with a question.For a flip, the pics I have seen can be very nice looking, even charming.

Today I met with a charming and intelligent lady at her sisters house.

Preserving the 1950's solid wood doors, original back door, stained glass window and keeping as much of the original charm as possible, blending the fixtures and appliances that my previous clients had intended to use, and finally adding a little of my own flare with calming paint tones, modern flooring, and mismatched metal hardware.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000

Cash invested: $60,000

This time I bought this was an investment purchase from the beginning. It was a ne...

The home is unique in that it is a 1965 ranch with lots of Midcentury charms.