All Forum Posts by: Harish V.

Hi everyone,

I'm posting on behalf of my friend Alex, who is seeking advice from experienced real estate investors. Here’s a bit about his profile and what he’s looking to achieve:

- Alex is 30 years old and works as a software engineer in San Francisco, earning $167,000 annually. His goal is to grow wealth through real estate investments with a balanced approach, minimizing time commitment, and maximizing returns.

- He recently inherited a 3-bedroom single-family home in Fremont, CA, valued around $1 million, currently rented out for $4,000/month.

Alex's main concerns are balancing his full-time job with the demands of real estate investment, managing cash flow effectively, and understanding the potential tax benefits.

- What investment strategies should he consider?

- Should he invest in another rental property or consider REITs for a more passive approach?

- What tax strategies should he consider?

How would you structure investment strategy with his  current assets? 

Thank you for your help!

Harish, since you recently asked for the status of our other Buffalo project (The Grid, see status above), this is also a good time to bring this string up to date on the current status of the project that you are invested in (Rails on Main). The attached snapshot tells the whole story, and the pictures of the near-complete project. My fingers are crossed for a fast lease up !!

Last week Neal and the staff at Gro Capitus let us all know that ALL of our Principals were at risk now in the RTP Nova project of the newly built Townhomes.  Originally it was only going to take a year after investing 3 years ago, but the excuses just kept building Quarter after Quarter with Covid Covid Covid, construction costs, interest rates, and then their Facebook Ads not working.  Even as early as this August, they were supposed to send us our original investment back, and then it really took a turn last week and when I finally got Neal on a Zoom call, he was talking another 2 years before it all played out.  The guy should be in jail in my mind, but even with the market and all the other problems that have come up, they could have been straight with everyone.  It went from getting our principal back in the August webinar to our entire principal being at risk a few months later.  The part that really upset me was their attitudes.  Poor us, we worked so hard, we've tried everything, were transparent, but yet we still don't know where things went wrong and why the building still has not been completed.  I really never thought it would come to this. He sounds so intelligent on webinars, but can't even calculate losses properly, how could he calculate profit?  It needs to be discussed in forums like this and shut Gro Capitus down.  

After struggling with local rehab properties in California, I switched to build-to-rent developers and chose a 1031 exchange. My realtor recommended SDIRA Wealth, a company known for its high-volume new builds every year. I was drawn to the accessibility of their projects without needing to be a FUND, along with the extra benefits that come from their large-scale output.

As an investor, my priorities are finding good deals, investing in landlord-friendly markets, and transitioning to new construction properties. SDIRA Wealth delivered on all fronts. I never paid attention to the celebrities they work with.

After eight years of buying new builds with SDIRA Wealth, I recommend joining their waiting list if you’re looking for new construction build-to-rent properties. 

@Ana Maria @Harish V. @Chris Seveney @Marcos A Miranda - you guys are playing with fire - https://www.biggerpockets.com/search?term=clayton+morris

 Hello Harish, would you be able to share your resources to finding out this information? I'd like to use for future endeavors. 

Thanks 

Thanks Greg for the valuable points about taxes. I do have a Roth IRA but not a Roth SDIRA. Financing seems to be tricky with IRA hence feel that its best to buy with self funding fully. I was thinking to get the Self Directed Roth Solo 401K account due to tax free distributions if self funded through out. All other SDIRA's, 401K's, traditional IRA except Roth IRA and Solo 401K Roth require tax be paid at the retirement age, do correct me if it's not true.

Do you know about the Josh Gilmore (josh@sdirawealth) SDIRA wealth firm?

Many Thanks 

Harish, since you recently asked for the status of our other Buffalo project (The Grid, see status above), this is also a good time to bring this string up to date on the current status of the project that you are invested in (Rails on Main). The attached snapshot tells the whole story, and the pictures of the near-complete project. My fingers are crossed for a fast lease up !!