All Forum Posts by: Tushar P.

Is this at I-10/beltway 8 or I10/99?

Please correct me if my assessment is wrong: it was buyers market during 2009-2012, transitioning to sellers during 2013, sellers market during 2014-2017, transitioning to buyers during 2018, and buyers during 2019. It was common to see the prices of new builds going down progressively in the last 18 months. Will that continue? Fortunately, real-estate industry is slow and inefficient enough to be timed (unlike stock market), and hence savvy real estate professionals with good understanding of the micro and macro economic factors should be able to predict if it is a good investment to buy properties in EaDo/heights now.

Buying in heights/EaDo may not work out for those who bought during 2016-17 sellers market unless they hold those properties for a decade or more. While those who bought during 2011-12 buyers market may have enough appreciation to sell in the next/current buyers market and still make a big profit. 

Oh wow. Is this a big community, so that even owning 10 houses doesn’t give you enough votes to change the hoa rules? So these tyrants don’t allow any renting at all, or is there a minimum term for the lease that will make it legal?

Unless you are putting bunks beds and converting your house into a lodging house, it’s just renting a room that is otherwise empty, isn’t it?

It doesn’t affect me (never been to Katy) but I’m just curious.

@Isaac Magee how did you calculate the loss - I guess there is a typo in the numbers? The sale price is more than the sum of costs...

Thanks @Dmitriy Fomichenko

I do need a good cpa to build the tax strategy... 

@Dmitriy Fomichenko

Well, I thought if I get a 1099 then I would qualify. Like from Airbnb for renting out a room. Or anything similar that can be done regularly but done only intermittently. I’ve seen some posts where people have said they will drive for Uber/Lyft for a few times a year to satisfy the eligibility requirements. It’s not even a hobby, but will provide a 1099. Is that not sufficient to qualify?

@Brian Eastman @Dmitriy Fomichenko

What are the chances of an IRS audit if the 1099 income is $500/yr while $50-100k/yr is transferred into the solo 401k from an existing traditional IRA?

Maybe this is perfectly legal but can still cause an audit?

After transferring the money from traditional IRA to solo 401k, I plan to do an in-plan conversion to Roth (taxable event) within the solo 401k, and then invest the money into commercial real estate crowdfunding deals. Hoping that to be completely passive, i.e. no need to file taxes, paperwork, etc if the total amount in the solo 401k is less than 250k.

Right now the traditional and Roth IRAs that I have can only invest in stocks and mutual funds. 

I see. I use crowdfunding for equity deals and if I lose money it’s on me since I decided to invest in that deal.  If there is a choice on what one can invest in, and if there are debt deals out there (instead of equity), then maybe investing in those debt deals can be same as hard money lending. Except that it will take time to vet the sponsor and the deal instead of just giving patch of land to do it. Though it may solve the issue of not being able to find enough people/deals to lend the money to (assuming a platform with good deal flow).

Thanks @Daniel Hyman and @Nicholas Aiola

I don’t think I have too much complexity. It’s just too many things, which I feel needs to be handled better. 

@Michael Plaks will send you pm

Are there any crowdfunding platforms specifically for hard money lending? For commercial real estate deals on crowdfunding platforms, will debt deals be same as hard money lending?