I bought a single family residential property in mid- December 2022 via seller financing.  The rate is 7.2% and there is a $200 admin fee monthly.  I am looking for a 30 year term and refinance of $124K.  I bought the property for $149K and put $25K down on it.  It is rented for $1650 per month and I clear ~$500 on a monthly basis. It appraised in late Sept 2022 for $171K.  

Please contact me at julie@hivehomeproperties.com.  I am finishing a rehab on another property and will need to refinance that later in February.  Thank you for any help.

Julie Winters

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Good afternoon Julie.

My name is TJ Jones. I am a commercial mortgage broker and we have rental home rates on SFR right now at 7.125% for a 30 yr fixed rate loan and 7% for a 5 year ARM. If this is an option for you I would love to exchange messages on here and ideally schedule a phone call to talk further.

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