This is truthfully the most overlooked aspect of most investors business.

Qualified Intermediary shall have no obligation to inquire into the truth or evaluate the merits of any statement or representation contained in any notice, document or other communication reasonably believed to be from Exchanger, its officer, attorneys and other representatives.

She knew her audience and fed it what it needed with one hard truth and honest insight after another.

Truthfully even when I bought my first one at 3% IR I thought this is risky.

I want to use the equity in my CA home for the downpayment"me: "gasp" Caller: I read this is the way to do it on the BP forum.That's the unfortunate truth. 

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

Tell them the truth.

Nothing is farther from truth.

Truth be told, most will refinance their 5/7/10 year IO loan before it ever reaches the adjustable rate period.

I may get 50-75 DMs, 20-25 fill out the form, 10-12 meet my criteria, 5-8 tell the truth, 1-3 come to showings lol.