All Forum Posts by: Charlotte M. Varble

I was told by a lender that due to regulations with Fannie Mae and Freddie Mac, I cannot refinance on a property with a cash out until I’ve owned the property 6 months. (I can refinance sooner than 6 mo but only for the payoff amount.)

Our strategy was to refinance within about 3 months and use the cash out (the difference between what we owe and about 75% LTV) to put into our next property and keep acquiring at a decent pace.

For those who are doing BRRRR, are you refinancing with a cash out before 6 months? If yes, than how are you doing it?

@Jordan Atkin I don't think we want to take the time for new build, but I don't know ROI numbers, so I suppose we could be open if it makes sense. How can we learn more?

@David Fairall I’ll definitely check these out, very helpful!!

@Kyle Pierce I’d love to learn more about what you do and if it would make sense to work together. Do you have a website or some other way to get in contact?

@Anthony Dadlani great list, I appreciate it!

@Michael Ablan thank you so much!

My husband, Kevin, and I are looking for homes to flip in the Salt Lake City area, where we live. We have extensive experience in construction and property management, but are new to flips. Our next step is finding a good deal! The golden question. 😊

Thanks to BP, we’ve spent hours and hours learning about real estate investing and are now ready to take some aggressive action to get our first deal.

What’s the best place to look for deals in the SLC area?

Anyone else doing flips in Northern Utah that we can connect with? Thanks!!