Yes, I've seen it change in the last couple of years, I had a lender that is a veteran credit union that used to offer them and they stopped.I am W2 employed and have a company on the side for real estate mainly short term rental.

Good morning fellow BiggerPockets,I just received a final term sheet from Acqua Funding with a line item called Capital Markets Fee of $2250.

The funding situation seems somewhat odd to me, but I don't know how it works normally either.

Although we had to fund the $45,000 purchase, our approach ensured the property was sold quickly, reducing the time our capital was tied up.

We provided funds for the $125,000 acquisition and $103,000 renovation.

We provided funds for the $125,000 acquisition and $103,000 renovation.

However, just before work was scheduled to start, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.Given the significant delays and additional costs this would entail, we made a quick decision to sell the property to another investor.

Just hire an insurance broker that can shop the many options for you and will not be partial to any one company. 

We provided funds for the $125,000 acquisition and $103,000 renovation.

After a brief search, the IRS says-For tax years 2018 through 2025, if home equity loans or lines of credit secured by your main home or second home are used to buy, build, or substantially improve the residence, interest you pay on the borrowed funds is classified as home acquisition debt and may be deductible, subject to certain dollar limitations.