#232 - How He Got Approved For Land Being Self Employed with Mike Cantrall

Welcome to the land podcast, a platform for people looking to educate themselves in the world of land ownership, land investing, staying up to date with current land trends in the Midwest, and hearing from industry experts and professionals.

On today's episode, we are back in the studio with Mike Cantrall.

We discuss:

Why two years of house-loan rejections came down to being newly self-employed and a DTI formula.

How Mike found a lender who looks at the whole financial picture instead of a W-2.

The Roth IRA withdrawal that covered his down payment when income alone wouldn't get him approved.

Going self-employed with no college degree, no plan, and two deer dropped off at a friend's shop.

Why the pressure of working for yourself is what finally forced him to figure out land ownership.

How he got pre-approved first, and had a landowner call him about 40 acres the very next day.

Buying, improving, and selling his first farm inside four months — and why he skipped the 1031.

Why he walked away from a 500-acre lease that cost about what a farm payment does.

What a permanent CREP easement restricts, plus the DNR visit that comes with owning one.