seller financed 4-plex
Bryan College Station, TX
2 4-plex properties (side by side)
purchase price: $318,000
Seller Financed on 2 liens 1st lien 80% LTV 20 year note at 9% second lien for 10% for 2 years at 9%
10% out of pocket.
Monthly Rent of $4,200
Annual taxes of $4K
Insurance of $2K
Self managing at the moment.
How do I refinance the seller financing before the "sesaoning" period in order to get a new appraisal.