Need recommendations on refinancing first flip

[John Guerrero]

Hello Everyone,

I have finished the renovations on my first flip, and unfortunately the house is not selling as fast as I would hope. At this point, I'm stuck with a high interest rate from a hard money lender. 

I think my next step should be to refinance the mortgage to help slow the bleeding. I live in San Antonio, and wanted to see if anyone has any recommendations on what Lending entity I should use to refinance the house.  

Any recommendations and/or advise is welcome. 

Regards,

John

[Curtis Harvey]

@John Guerrero One of the things you can do is find a local or regional bank or credit union and refi it to get into a lower rate loan.  Do you have a agent selling the house or are you trying to sell it on your own?  You may want to put out a call to agent that has signs posted in your area and find out if they have clients looking to sell.  I would also go the route of putting up bandit signs up.  You can do owner financing and get a downpayment as a method of putting some cash back in your hand.  You may even be able to find a wholesaler to sell it to someone on their cash list at a discount.  Just a few ideas and keep us posted on what happens?

Curtis