If you come to the conclusion it is best for you to have a website months or years down the road you will already have a history which will work in terms of generating hits.

I'd like to generate discussion surrounding a few regulatory/political issues that have become prevalent amongst owner/operators in the NYC market.

In order to start a business, you need money - for advertising, web sites, etc. to start, so you can begin to generate a flow of leads into the business.  

As one of the doctors in Flint said... it would be hard to find a more potent toxin to keep a community down for generations than lead.

If the numbers make sense to make various 'updates' that in turn generate even more $$$, then do it.

You could find and occupy one unit in a multifamily property that meets your family's needs, and generate investment income by renting out the other unit(s).I am not sure what the RE market in your region looks like, but 50K should open quite a few doors.

But the case where you are buying, rehabbing and selling within your IRA would in most cases not be applicable for UBIT, here is food for thought or arguments:(1) Your IRA is not you, and your IRA is for your benefit, and is managed by a directed trustee or custodian for your benefit(2) Any investment in your IRA will be deemed as Passive Activity, since you cannot materially participate in the investment from your IRA (else it is a prohibited transaction)(3) Your IRA does not file any self employment income taxes(4) Your IRA may file UBIT based on UDFI (assuming the IRA has borrowed funds for acquisition or rehabilitation)Now if your IRA invested in an pass-through which did the flips as you describe, the entity itself first must satisfy the requirement of a "real estate operating company" to receive any exemption, else if it does not it could generate a UBIT for your IRA as an "operating company".As others have mentioned, please work with a knowledgeable professional in this space for your specific situation.

While starting spend your money and efforts on generating leads, the rest will come.

I was curious if there are any strategies that you all use to help limit your tax burden by deferring taxes to when they are, years down the line, used for personal reasons.Is there a way to avoid paying personal income tax on the cash flow generated from a buy and hold strategy if it is reinvested into more property/debt repayment/capital improvements or does that have to be rerealized as income tax if it is not in corporation of some sort.AND if I were to create an LLC to hold this property within the LLC would there be tax liabilities for any of the cash flow generated even if it were reinvested directly into the business.Thank you to everyone in advance who can help me begin to form a long term strategy!

Hi All,My business partner and myself are contemplating buying another multifamily in Ontario to expand our portfolio and generate some consistent rental income to support our flips.