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AMGEN Tour of California is Coming to San Diego County

We’re excited about the AMGEN Tour of California coming to Escondido. The City of Escondido is projecting there will be over 25,000+ people in attendance. For those of you who do not know what the AMGEN Tour of California is, please read the article below.

amgen

About the Tour

The largest cycling event in America, the 2009 Amgen Tour of California is a Tour de France-style cycling road race presented by AEG that challenges the world’s top professional cycling teams to compete along a demanding, recently expanded, 800-mile course from Sacramento to Escondido from February 14-22, 2009.

The final leg of the race will run from Rancho Bernardo to Escondido on Sunday, February 22, 2009. The race finish line will be located in Downtown Escondido at the intersection of Grand Avenue and Broadway.

AMGEN Lifestyle Festival

The Lifestyle Festival will be located near the finish line in Municipal Parking Lot #1 (on Valley Parkway between Broadway and Escondido Boulevard) on Sunday, February 22, from Noon-6:00 p.m., in Downtown Escondido.

There is no better place to experience the spectacle of race day than at the Lifestyle Festival. The festival will feature a health & fitness expo, cancer awareness education, cycling gear, family activities, bike safety, food, entertainment and more! There will be plenty to see and do for everyone in your family!

Route Map

2009 Tour of California – Rancho Bernardo to Escondido – Stage 8
Find more Bike Rides in San Diego, California

Street Closures for the City of Escondido

Street Closures Saturday, February 21-Monday, February 23, 2009
Grand Avenue from Maple to Kalmia; Maple & Kalmia between Valley Parkway & 2nd Avenue will be closed from 6 a.m. Saturday, February 21, to 5 a.m. Monday, February 23.
Broadway between 2nd Avenue & Valley Parkway will be closed from 8 p.m. Saturday, February 21, to 12 a.m. Monday, February 23.
Grand Avenue between Escondido Boulevard & Juniper; Grand Avenue cross streets between Valley Parkway to 2nd Avenue will be closed from 8 a.m. Sunday, February 22, to 5 a.m. Monday, February 23.
Rolling Street Closures Sunday, February 22, 2009
Bear Valley Parkway between San Pasqual Valley Road
& East Valley Parkway
Noon-1:15 p.m.
East Valley Parkway between Bear Valley Parkway
& Lake Wohlford Road
12:15 p.m.-1:15 p.m.
North Lake Wohlford Road between Valley Center Road
& El Norte Parkway
2:30 p.m.-4:30 p.m.
El Norte Parkway between Washington Avenue
& Escondido Boulevard
3:00 p.m.-4:45 p.m.
Escondido Boulevard from El Norte to Grand Avenue 2:30 p.m.-4:30 p.m.

For More Information:

Street Closures: (760) 839-4691
Amgen Tour: www.amgentourofcalifornia.com
Detailed Event Info: www.sandiegonorth.com/amgen
Best Viewing: www.sandiegonorth.com/amgen/best_viewing.html
Shuttle Service: www.sandiegonorth.com/amgen/parking.html

Posted by Amber Green | Currently No Comments »


Great News! Fannie Mae To Allow Up To 10 Financed Properties Again!

One of the biggest hurdles many solvent investors have had these days is Fannie Mae’s (FNMA) limitation on the number of one- to four-unit financed properties.  This limit dropped to four properties over the last year or so, which has hamstrung many investors looking to add to their real estate portfolio.

However, according to FNMA Announcement 09-02, borrowers may now have up to ten financed properties without having to pay the higher rates of private or hard-money resources.  In the current lower price and low rate environment, this increased limit is an extremely beneficial change.

For those looking to purchase more properties, this new limit also comes with some new guidelines:

FNMA’s announcement also outlined new reserve requirements:

When the borrower will own one to four financed properties (including the subject property) the reserve requirements are:

When the borrower will own five to ten financed properties (including the subject property) the reserve requirements are:

Keep in mind, that a month’s reserve encompasses the total housing expense including principal and interest, property taxes, property insurance, HOA’s, Mello Roos, etc., not just the loan payment.

Now, six months reserves for up to ten properties might seem a little steep, but this is an important step in the continuing effort to rebuild a solid home-ownership base.  You want to buy a bunch of property?  Then you better be able to show that you can afford to do so. Sounds fair to me.

If you would like to discuss this topic further, please email me at Kevin@MyCWMtg.com

Posted by Kevin Kueneke | Currently No Comments »


Three Reasons To Visit Our Latest Listings

Posted by Rich Johnson | Currently No Comments »


Great Investment Opportunity in Valley Center

BRING OFFERS on a terrific investment opportunity on a total of 17+ acres. 9.5 ac presently zoned commercial C40 and industrial (M54) and 8.47 ac vacant land zoned residential RR.5 with a proposed zoning of limited impact industrial.

 

 

Property includes 2 commercial rentals… approx. 1400 esf bldg. rents for $1,400 per month and 400 esf bldg. rents for $765 per month…owner pays water…copies of leases available with accepted offer. Huge 29′x55′ warehouse/workshop is currently occupied with an additional 20′x29′ workshop and 2 car garage.

Approx. 2 acres of the 9.5 acre piece is zoned commercial C40 and has 2 rentals. The remaining approx. 7.5 acres zoned M54 with legal non-conforming single family residence and 2 workshops and 2 car garage.

Existing installed septic is for existing improvements only. Owner may carry with substantial down on approved credit. This property is located in the path of progress. Shown by appointment. Maps and info available by request.

Price For All: $ 3,699,995 MLS#071056957 Call 877-571-2289

For More Information on this property, fill out the form below and we’ll get right back to you!

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Posted by Rich Johnson | Currently No Comments »

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