While probably true it certainly is selective truth to get those kind of reactions.

The truth is that it si good to understand the closing process because the first time you see a HUD statement you will realize all the fees there are to account for on the next transaction.

In many cases they do not mix.All that said in your case you just need to contact them and tell the truth. Lying

I also heard that it makes it easier for financing if you separate yourself from the houses and put them into an LLC, is there any truth to that?

There's a few problems with this - first is that the lender will want to know where the mysterious $10K came from and assuming you tell the truth, they will make your friend sign a letter to the effect of "Tia never has to repay this money it is 100% a gift".If he's comfortable doing that, then he obviously trusts you because as soon as he signs that document you have no legal obligation to ever repay.As for the terms - why would you want to buy a duplex and only essentially "own" one unit?

You have seen it.The truth is most immigrants are just working to support their families.I was dating a Vietnamese immigrant worker extremely hard.

I know many, many, many folks believe this types of things but they couldn't be further from the truth.

To tell you the truth, I was not impressed.

My agent called the seller's agent who insisted is was built in 85, but the inspector was adamant it was not 80's construction and some records digging by my agent's office revealed the truth.

To imply the entire content of DF is merely about rates and loan features if very far from the truth.