All Forum Posts by: Jamie Pickens

I think you're right and I'll just have to squeak out those cash reserves. If they would just give me the money... I'd have the money! :-)

Jassem,

Yes, that's the amount that I figured I'd be able to get as well. I recently got my RE license and want to use that to earn some more money for investing. Thanks for your input.

Hi Guys,

I seem to have hit a wall or ceiling in my investment journey. I have a single family home that I've owned for 2 years now (as well as a townhouse that I've held for 3 years). Got great military tenants, everything is fine. The city assessment of the house is 130k and it's in Portsmouth, VA. I owe 21k on it. I am trying to refinance and pull money out for more investing but because of my lack of cash reserves I have not been able to get a refi done. Is there a particular type of bank or money person I need to connect with to get this done? It's so frustrating to have all that equity and not be able to access it!

Thanks Ross and Amberle! It's great to meet some locals here. Are there ever meetups in the area?

Thanks Mark! Will do. 

Thank you Brett! 

Hello all My name is Jamie Pickens and I just joined a few days ago. I have been a property manager for the last 15+ years and I own a townhome and a single family home as rental properties (in addition to my home) with plans to buy more.  I'm looking forward to learning and contributing as this is one of my passions as well as my livelihood.