I'm recording a flip and  using WIP method , so I want to input everything using items. 

Hey everyone,A few of my partners and I are looking at buying duplexes with cash in the Cleveland area, fixing them up, renting them out, and refinancing them in 6 months.  The only way this would be possible, at leas...

I might be shooting in the dark, but I was wondering if there was anyone in the Charleston, SC area that is familiar with this method(lease options)?

Maybe run numbers to see if it would be a good BRRRR property to refi your capital back out (if you're not familiar with BRRRR search the forums and blogs,it's a great method for redeploying capital without a sale).

Reach out if you need pricing structured.  

I don't need the flip profit to live on so is strictly for reinvesting.I'm not really interested in owning a bunch of SFH rentals which is why I haven't been doing the BRRRR method.  

So if I use your method I will probably walk with 20k.

I currently work as a relationship banker at Bank of America, so I have some knowledge on financing and proper structuring of a business when I get to that point.

They will cost more to establish due to the legal work required to create the structure, but will cost much less per year to operate, saving you money over the long term.

However, partnerships, S-corps, and C corps require an additional tax filing, plus there are wage considerations that go along with the S-corp and C-corp designation, all of which you might not feel is worth the effort of managing.My advice is to schedule time with a tax pro who (a) has expertise in business returns (not all of them do), and (b) does tax planning (not all of them do) and have them help you map out some scenarios to decide what structure will best fit your goals and strategy.