All Forum Posts by: Jalen Greenlee

You can implement this strategy in any market if you make the right purchase. First, determine what your lender offers in terms of Loan-to-Cost (LTC) for acquisitions and the maximum Loan-to-Value (LTV) for a seasoned cash-out refinance. With this information, you can calculate the maximum cash-out amount on the refinance. Once you have that figure, estimate the monthly payment and potential rental income to calculate your DSCR ratio, ensuring it meets your lender's requirements. Feel free to reach out if you need assistance.

This is a very valuable tip John! Thanks a bunch. And when you say seasoned, you are referring to the six months the property has to be in your name before a financing event can occur?

0 Votes

Milwaukee, Wisconsin

Hey BP WI,

I'm Jalen Greenlee, and I'm super excited to be involved with this awesome community!

Just a bit about me:
I recently married my amazing wife, Kasheah, in April. We're loving this new chapter of our lives!

Milwaukee born and raised—I currently live in Madison but I still travel to Milwaukee frequently and its where my family and real estate business is.

My faith in Jesus Christ is a huge part of who I am and guides everything I do.

RE Interest
My Real Estate Interests currently included, small multifamily buy and hold, house flipping, house hacking, and BRRRR. I only deal with small multifamily buy and hold but looking to expand my experiences and knowledge.

Goals and Hopes
I want to build a solid real estate portfolio for financial security and freedom more me and my family . I’m here to soak up all the knowledge I can, share my experiences, and connect with others who are just as passionate about real estate.

I'm looking forward to jumping into discussions, learning from everyone here, picking up tips and best practices for multifamily investments, house flipping, house hacking, and BRRRR, as well as making connections and maybe even collaborating on future projects.

Thanks for having me! Can’t wait to get to know you all and grow together.

2 Votes

Milwaukee, Wisconsin

Happy almost Summer BP Community,

I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.

I currently focus on buy-and-hold investments in small multifamily properties (2-4 units). My experience so far has been quite positive, but I'm eager to explore more efficient ways to grow my portfolio and maximize returns.

Any advice, insights, and resources you can provide regarding this strategy in Milwaukee would be greatly appreciated. I’m looking forward to engaging with this community and learning from your experiences.

Much Love

2 Votes

Milwaukee, Wisconsin

Valuable info Marcus! Thanks

0 Votes

Milwaukee, Wisconsin

Congrats Jonathan! Wishing you much success during this project. Where in Madison are you doing your conversion?

0 Votes

Madison, Wisconsin

All Forum Posts by: Jalen Greenlee

Jalen Greenlee has started 5 posts and replied 15 times.

Post: Seeking Advice and Insights on Implementing the BRRRR Strategy in Milwaukee, WI

Post: Excited to Join the Community!

Post: Seeking Advice and Insights on Implementing the BRRRR Strategy in Milwaukee, WI

Post: What is going to happen to Milwaukee Home prices?

Post: Working on First Duolex Conversion