I have sent out my second round of mailers and I have received 15 calls in the first 2 days!

Using round numbers:Property value - 100kYou buy with a mortgage at -50kBank will only loan on 75-80% so the most you will be able to cash out is 30kIf you own this property free and clear, you can borrow up to 80k in the above scenario.

✓Second Home Requirements  must be occupied by the borrower for some portion of the year  is restricted to one-unit dwellings must be suitable for year-round occupancy the borrower must have exclusive control over the property  must not be rental property or a timeshare arrangement1 cannot be subject to any agreements that give a management firm control over the occupancy of the property

Not sure how it usually works, but we had to complete a few rounds of paperwork with each tenant receiving assistance but I had a contact at the USDA and was able to scan everything and get it to them directly. 

I also heard they may do another final best offer round with top 3 or 5?

(Round Rock, Circle C, Campus?). 

So Cal has a broad based economy, perfect year round weather, amusement parks, sporting events, universities, world class medical care, etc.

  $1000+ annual personal cost has now become a business expense that someone else pays for (in a round about way). 

I listened to Episode259 with Mike Anderson, I really enjoyed his “no-nonsense” approach to real estate, but I have been wanting more from the podcast and with this guy’s knowledge in particular. I would like to hear ...

So round and round it might go.