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All Forum Posts by: Jaycee Greene

Jaycee Greene has started 1 posts and replied 1629 times.

Post: New to the program looking for multi family opportunities

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Mark Lewis:

I have a good amount of capital looking for cash purchases for multi family properties to start my real estate investing.

Hey @Mark Lewis, welcome to the BP Forum! What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"? Are you looking in your local or or some other city/market?

Post: Acquisition via foreclosure, a good strategy?

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @James McGovern:

It has been a long time since I have found a foreclosure property at auction that wasn't occupied . I have moved to a strategy where occupants can be quickly ejected. Am I alone in this approach?

@James McGovern Make sure you check the local laws/ordinances about such a thing before  you do it.

Post: Using My Brokerage Account to Acquire Cash-Flowing Rental Property — Advice?

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Mario Gonzalez:
Quote from @Jaycee Greene:
Quote from @Mario Gonzalez:
Quote from @Jaycee Greene:
Quote from @Mario Gonzalez:

Hey everyone,

I’m looking for advice on how to leverage my brokerage account to acquire a rental property — either locally here in New Jersey or out-of-state — that can cash flow 8–10% annually after all costs and expenses.

Here’s the catch: I’d like to avoid using margin loans or anything with high interest rates.

Is it possible to make this work in today’s market? Are there strategies or opportunities I might be overlooking — whether that’s structure, location, or creative financing?

Would love any suggestions, tips, or experiences from those who’ve done something similar. Open to both residential and small multifamily options.

Thanks in advance! currently at 915k to 1mm 

@Mario Gonzalez If you're not going to use margin loans, then the other option is to sell your securities but I assume you don't want to do that either.


 Capital gain tax is a killer. Any other ways or is that pretty much it?

@Mario Gonzalez I know, but you said you didn't want to do a margin loan either. I'm not sure what else you can do it. 


 The rates don't work. I did  the numbers on # 459k didn't work 

@Mario Gonzalez I'm going to need to know more about the property to really be able to respond, but it sounds as if you need to offer a lower price and/or (if it's a BRRRR), use higher rents! You could also find a partner that would kick in whatever equity you still need. Either way, good luck!

Post: Seller Finance or Traditional?

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Kyle Deutschmann:
Quote from @Shelley Rubino:

Are there tools available to help make the decision whether to purchase a home via seller finance versus a second home with a traditional mortgage? I'm intending to buy a home for my daughter in college and I'm trying to figure how best to compare the two options. My motivation for doing a seller finance deal is because I already have several mortgages attached to my name for other investments. Seller advertised willingness to do seller finance. I could pay cash but prefer to have available cash on hand. Stupid question, but will I still get a 1099 for interest? Thank you!


I would certainly consider a seller financed deal if it was more attractive than what a conventional or DSCR lender can offer. That being said, it's rare a seller will want to hold the note for a full 30 years, so it's good to be prepared with a solid exit strategy to refi or sell the property whenever they want their money back.

Happy to chat and see if I can help you find anything better, depending on what the seller is offering! 

@Shelley Rubino in my experience, seller finance deals are often only 2-3 years (based on 25–30-year amort) with a balloon at the end that you look to refi. 

Post: Using My Brokerage Account to Acquire Cash-Flowing Rental Property — Advice?

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Mario Gonzalez:
Quote from @Jaycee Greene:
Quote from @Mario Gonzalez:

Hey everyone,

I’m looking for advice on how to leverage my brokerage account to acquire a rental property — either locally here in New Jersey or out-of-state — that can cash flow 8–10% annually after all costs and expenses.

Here’s the catch: I’d like to avoid using margin loans or anything with high interest rates.

Is it possible to make this work in today’s market? Are there strategies or opportunities I might be overlooking — whether that’s structure, location, or creative financing?

Would love any suggestions, tips, or experiences from those who’ve done something similar. Open to both residential and small multifamily options.

Thanks in advance! currently at 915k to 1mm 

@Mario Gonzalez If you're not going to use margin loans, then the other option is to sell your securities but I assume you don't want to do that either.


 Capital gain tax is a killer. Any other ways or is that pretty much it?

@Mario Gonzalez I know, but you said you didn't want to do a margin loan either. I'm not sure what else you can do it. 

Post: Commercial REI Advice Needed

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Jesse Brooks:

Hi Everyone!

I am an established residential realtor here in Southern Maine. I work as a junior agent on a two-person team, with a lot of direct mentorship from my team lead that is invaluable for residential investment projects. I recently onboarded a client who is looking to do a larger scale commercial deal, ideally NNN retail or industrial, not residential. My team lead and I both have limited experience in non-residential commercial REI, and so I've been binging all the content I can about it. I want to be as proficient as possible, as the topic is so incredibly complex, and so I'm curious if there are any excellent books anyone recommends for a crash course on the intricacies of commercial rei. I'm also curious if there are any online resources anyone recommends for analyzing localized commercial market data.

P.S. If anyone is a commercial investor in southern Maine, let me buy you coffee and pick your brain- DM me. 

Hey @Jesse Brooks, welcome to the BP Forum! Is Lebanon, ME considered to be in Southern Maine?

Post: Using My Brokerage Account to Acquire Cash-Flowing Rental Property — Advice?

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Mario Gonzalez:

Hey everyone,

I’m looking for advice on how to leverage my brokerage account to acquire a rental property — either locally here in New Jersey or out-of-state — that can cash flow 8–10% annually after all costs and expenses.

Here’s the catch: I’d like to avoid using margin loans or anything with high interest rates.

Is it possible to make this work in today’s market? Are there strategies or opportunities I might be overlooking — whether that’s structure, location, or creative financing?

Would love any suggestions, tips, or experiences from those who’ve done something similar. Open to both residential and small multifamily options.

Thanks in advance! currently at 915k to 1mm 

@Mario Gonzalez If you're not going to use margin loans, then the other option is to sell your securities but I assume you don't want to do that either.

Post: Starting the land bank.

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Thomas Darbro:

Good afternoon Jaycee. 

I spent around 15K in repairs.

My statement about starting a land bank was a off handed comment probably incorrectly using a term to reference my 1st investment property. I currently have 4 residential locations and 2 commercial locations. 


Got it! Your own personal "land bank"! Yessir! By the way, Wyandotte County has a land bank you can buy properties from too!

Are you buying in urban neighborhoods? This reminds me of the properties my client in KCMO buys in Blue Hills. 

Post: Quadplex next to new luxury apartment

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Cody M.:

I have considered this, also the thoughts of putting nicer finishes in our quadplex to somewhat compete with the new luxury apartment minus the amenities of course, seeing if we could slightly drive up rents. The luxury apartment rents aren't cheap specially for the midwest so maybe there's a silver lining, it is also near a very good hospital so there is high income and a growing area. 

@Cody M. Just as @Obed Calixte says, I wouldn't try to "compete" with the new build, but rather present your units as acceptable units if someone wanted to "trade down" after they see how expensive the units in the new build are.

It'd be like someone shopping at Brooks Brothers for a high-end suit but choking on the price tag and then the guy goes next door to Macy's and buys a suit good enough for him, but costs 25% less. The new build is Brooks Brothers and your quad is Macy's.

Post: Lenders for Duplex/ 2 Family Condo Construction Loan Massachusetts

Jaycee Greene
#2 Classifieds Contributor
Posted
  • Real Estate Consultant
  • St. Louis MSA
  • Posts 1,717
  • Votes 424
Quote from @Suhas T.:

Are there any banks, credit unions, or financial institutions that offer construction loans for a 2-family duplex in Massachusetts, specifically for investment purposes? I'm not looking for hard money lenders. I've already contacted a dozen banks and credit unions, but most only offer duplex construction loans if the property is owner-occupied. I’d really appreciate any leads or recommendations!

Hey @Suhas T., welcome to the BP Forum! What size banks/credit unions have your contacted and how much liquidity do you have personally?