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All Forum Posts by: Lee Dan Art

Lee Dan Art has started 2 posts and replied 3 times.

Fort Smith, Arkansas
Investor Mindset

Post: Network with investors in the area

Lee Dan ArtPosted
  • Posts 3
  • Votes 0

Hello, I'm a new investor in the area. Would love to connect with other investors in the area that are also doing long-term rentals, renovations, and/or short-term rentals.

0 Votes
Fort Smith, Arkansas
Buying & Selling Real Estate

Post: Replacement properties basis 1031 exchange

Lee Dan ArtPosted
  • Posts 3
  • Votes 0

I sold my condo for $400K (realtor fee 20K) that I purchased for $260K, took depreciation 30K. I did a 1031 exchange for 2 replacement properties, with sales price 170K and 200K single family homes. Can someone breakdown what my basis will be for the 2 replacement properties?

0 Votes
Fort Smith, Arkansas