Hey guys,

I was recently talking to my friends husband who has about 20 properties. I was talking to him about how he finances and other questions in terms of the market.

He was very informative and provided me with a lot of information but one thing stood out that I questioned and wanted to get your opinion on the matter.

I told him about my efforts and strategy to BRRRR a house. He was against it and puts 20% down on houses. I told him investors usually have to put around 25% from what I have seen and he told me to lie to the banks and tell them I am living in the house to get a lower rate. I hold myself to a very high standard or integrity. Is there anything wrong with doing this? What are the repercussions if any for getting caught.

There are just so many strategies its hard to pick one between 15/30 year mortgage and paying houses off or refinancing them. My goal is for long term wealth and unearned passive income. What would be the best strategy for this. From what I read in books I have interpreted that it would be 30 year mortgages and reinvesting the income into other houses. Am I correct?

Any and all inputs would be helpful.