Can't Refi Out of Hard Money

[Rob Norris]

I purchased a rental property in September 2019 with hard money with the intent to refi out immediately. The property is livable as-is, and I currently have it rented on a one year least for $1,900/month. I can't get approved because I went from a W2 in 2018 to self employed in 2019. I have to get out of the loan, so other than putting it on the market, not sure if there is any other way to creatively finance or other lenders I should be speaking with?

3 bed, 1 bath, 1,800sf in East Nashville 37206

Purchase: $290k

Appraisal: $320k

Owe: $261k

[John Underwood]

Private  money, smaller banks, renegotiate the hard money loan.

Is the rental income covering the hard money loan? If so wait it out.