You don’t necessarily have to pay points for the rate, but you’ll very likely be charged an origination fee.

My wife drives across town to get her hair done. 

You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.

Where do these ideas even originate?

Originally posted by @Elliot B.

These have been very grounding.I don't want this feed to turn into a chain of the same type of comments so I'll bring attention to what matters the most - two quotes from my original post.Thanks again all:)

If I was the originator on this loan (loan officer, lender, or whatever title is used), I would have made this restriction very clear to my borrower if they had explained that they wanted to eventually use the property as a rental.

Originally, I had thought Pace was a part of Bigger Pockets like Brandon Turner and David Greene.

Have you gotten out of the original hard money loan or still paying the double digit interest cost?

I have to scroll down to find the original post, so I’m reading the responses before the actual post.