I wish we could nail the fake pump and dump due diligence PML that infect the internet in the same manner as this.

I see so many people say they are using schedule C and they are not providing substantial services.This post should be referenced in the future when this question keeps coming up multiple times per year.

Are you giving them the promise to use them in future deals where they will earn 3%?

@Rene Hosman the answer is a bit dependent on what your future uses are.

Then it would help if you still had more to set aside for future vacancies and capital expenditures.

We do not want to troll people so since it seems like there has been a lot of discourse and viewpoints expressed so we will be closing this thread but will leave it visible for the community to see for future reference. 

You need comps to get a value not improvements.Second I would advise against a 15 year it will make it harder to qualify for future loans.

More so just heard that if you transfer title into LLC it can “uncap” the property and cause a new tax assessment the following year and raise your future tax expense.

Should you need a fund for your future deals, feel free to DM me.

Back then, BRRRR worked because we could predict future outcomes with some certainty—what a property’s value would be post-rehab and how the refinancing terms would look in 6-12 months.