@Heather Carrow when you say hard money loan, are you more referring to just a private loan in general, or specifically a short-term/bridge loan (i.e 6-18 months) that is used either for the purchase + rehab or the home, or just the purchase of the home (but on a tight time frame) with an interest rate of around 9%-11% and 1-3% in origination fee?

Originally posted by @Andy Webb:Aha - Houston! 

Hi all,I had purchased a long term rental in 2022 with myself and spouse as the original owners.

I originally signed up for it because it had a good rate and hadn’t realized it was a cash back card until this past statement.

Originally posted by @Taylor Beal:Would love to do a meet up!

Originally posted by @Sonya Gulka:We are planning on buying a rental property in Plano, TX.

The original plumber stated the repair was going to be about $4k.

It's not uncommon to pay higher origination fees for smaller loans, although you're over 4 points here....it sounds like this particular broker has a $3,000 minimum, which isn't extraordinarily high.

Is the property you are selling part of the 1031 or have you sold your original property and now buying the exchanged property?

It was originally bought to be lived in the on the top floor while renting out the in law suite.