Like Planting Your Landscaping-Investing In Real Estate To Harvest The Life You Want
Today I will be sharing some stories of everyday people who invested their seed money in buying real estate. You will hear how some of these people used their real estate to harvest the life they want. John and Jennifer Lawhon of Lawhon Landscape will be sharing some ideas and stories of how you can plant today at your home for the outdoor design you dream of enjoying later.
What do YOU want to accomplish with YOUR mortgage? Subscribe to get Real Estate Mortgage Shoppe podcasts with show notes every week www.JoGarner.com
Call me and let’s talk about your story and your real estate and financing plans. (901) 482-0354 Jo@JoGarner.com
To Your Success,
Jo Garner, Mortgage Loan Officer NMLS#757308
WELCOME TO REAL ESTATE MORTGAGE SHOPPE!
Good morning, Memphis! Welcome to our internet listeners and podcast listeners across the 50 states! You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Officer. You can connect with me at www.JoGarner.com. Today’s show is sponsored by Joe Rojas of Quality Title Group here in the Memphis area. Contact Joe for your home purchase or refinance at (901 289-5821 Our general topic is Like Planting Your Landscaping-Investing In Real Estate To Harvest The Life You Want. Subscribe to get our weekly blogposts with podcasts at www.JoGarner.com. Call us while we are live at (901) 535-9732 Today is August 24th, 2019
HERE’S SOME IDEAS WE WILL BE SOWING TODAY
Today I will be sharing some stories of everyday people who invested their seed money in buying real estate. You will hear how some of these people used their real estate to harvest the life they want. John Lawhon of Lawhon Landscape will be sharing some ideas and stories of how you can plant today at your home for the outdoor design you dream of enjoying later.
In the co-host chair we have John Lawhon of Lawhon Landscape Design and Construction. John and Jennifer Lawhon have carried on the family business that has been serving their clients since 1958. John and Jennifer, I have heard so many testimonies of people you have helped with creating lawn and garden area at home that their families could have only dreamed of experiencing a year or so ago. Take a moment and tell our listeners a little bit about yourself and what Lawhon Landscape Design does for YOUR clients. (The Lawhons introduce themselves and talk about the services they offer for their clients)
WHEN IT COMES TO REAL ESTATE-THE BEST TIME TO PLANT A TREE IS…
(Jo) One of my favorite life quotes is this one. “If you want something in life you’ve never had, you’ve got to do something you have never done.” Yep, and you need to have a clear picture of that something that you want in life. Another favorite quote is that the best time to plant a tree is 20 years ago. The next best time to plant a tree is today. Soooo, If you really want something for your life, you need to plant the seed –do that something- TODAY and not wait until tomorrow.
IAN INVERSON’S STORY -FROM AN EMPTY-POCKET TO AN EMPIRE
Back in the late 1980’s I met a young man in his twenties that we will call Ian Iverson. We were in San Diego at a real estate investing conference. He and I spent several hours together that week comparing real estate strategies and life goals. What impressed me about Ian is that he had already purchased his first property with little down buying his primary residence. But, since Ian wanted to free up as much money as possible for buying more real estate, he lived frugually in the back bedroom and rented out the rest of his home to a local white collar professional man.
Over the years Ian and I have stayed in touch. He joined his local landlord association in the city where he lives. From some seasoned investors he found some really good investment deals. Ian found a banker who would give him a credit line on the house he already owned to give him the down payment to buy a duplex from one of the investors he knew from the landlord association. Ian plodded along year after year, one property at a time, buying and sometimes fixing up property but keeping them all for rental income. Through many good times and bad, slow but sure, Ian planted his seed (his investment money and his time) to gradually build his real estate empire. Today Ian is in his 50’s and does not have to work. He lives well with his family out in the country with land, a barn and horses. He is living his dream. People like Ian are an inspiration to persevere through the uncomfortable times, stay frugal, invest his money like planting seeds into real estate that sprouts and produces more and more seed that Ian continued to plow back into improving the homes he owned and getting more and more in rent while his property continued to go up in value.
What life do YOU want live? MAKE YOUR PLAN. LET’S WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, LET’S DO IT TODAY. Connect with me at www.JoGarner.com. Email me at Jo@JoGarner.com or just call me at (901) 482-0354.
PLANTING TODAY TO ENJOY YOUR LANDSCAPE TOMORROW
John Lawhon, you are definitely in the design and planting business. Your landscape design and installation can be a good picture of what it is like to design what you want your life to look like and ways to install of gradually make this design really come to life. (John shares a story about how he was able to help a busy, hard-working client transform his outdoors at home from just a lawn and trees into an outdoor peaceful meditation garden, specifically designed to attract butterflies and birds )
You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Officer. What do YOU want to accomplish with your mortgage? Make your plan. Let’s work your plan if the deal works for you today, let’s do it today. Connect with me at www.JoGarner.com When we come back the Lawhons will be sharing more ways you can plant today for the landscape you want to enjoy tomorrow.
THE LOOK BACK MEMPHIS TRIVIA CONTEST
2nd segment after 9:15 break: Our Look Back Memphis Trivia Contest is brought to you by notable Memphis historian, Jimmy Ogle. Jimmy Ogle offers free historic walking tours downtown in the spring and fall. For information about Jimmy Ogle, go to www.JimmyOgle.com . The Look Back Memphis Trivia Contest is sponsored by John and Jennifer Lawhon of Lawhon Landscape (901) 754-7474 the Lawhon’s can help you plan your landscaping if you have a BIG, BIG project or a smaller project . The Lawhons are giving away a $25 gift card to the first person with the correct trivia answer. If you know the answer to our trivia question, call us at 901 535 WREC 901 535-9732.
Garner # 110 06/24/17
Lichterman Nature Center
Question: I am located in the heart of Metropolitan Memphis and I flourish with a variety of plants, birds, reptiles, amphibians and mammals. Who am I?
Hint: These grounds were developed as a “Summer Home” for the 20th century Memphis entrepreneur, Clarence Saunders.
Hint: In the mid-1900s, my land was bounded by Park (on the north), Ridgeway(on the east), Quince (on the south) and Lynnfield (on the wet) and bordered by a white wooden fence.
Hint: One of my residents in the original house (a 20,000 sf log cabin) was Major League Baseball Hal of Famer, Memphis Bill Terry.
Final Hint: I hail my name from a leading Memphis citizen in the middle-20th century.
Answer: Lichterman Nature Center. Located in the heart of metropolitan Memphis, the 62-acre Center features exciting new exhibits, lush gardens featuring native wildflowers and trees, and a tradition of excellence in environmental education set in the midst of 65 acres of lake, meadow, and forest. Home to a wide variety of plants, birds, reptiles, amphibians and mammals, Lichterman is an urban nature center, easily accessible to the people who need it the most, the people who live in the city.
Lichterman has the convenience of extensive and accessible indoor and outdoor facilities for use during all types of weather. The Backyard Wildlife Center features live animals, hands-on explorations, microscopic discoveries, a forest boardwalk two stories high, underwater viewing area and much more! The Visitor Center provides visitors with exhibits focusing on the theme of metamorphosis and change as revealed by the site’s main three habitats (lake, meadow and forest). The Visitor Center also offers free WiFi. Three miles of accessible trails wind and loop through representative mid-south habitats punctuated by conveniently located rest stops. Visitors can enjoy nature walks, wildlife programs, plant sales, festivals and many other entertaining activities designed to expose and build connections between the participants and the natural world. memphismuseums.org/lichterman-nature-center
Jimmy Ogle gives free outdoor walking tours on the sidewalks and parks in Downtown Memphis during year, with the next being The Judge D’Army Bailey Courthouse Tour at 12:00 noon on Thursday, July 20 (meet at the steps at the Southwest Corner, Second & Adams). Go to jimmyogle.com for more information.
TOPICS COVERED BY THE LAWHONS OF LAWHON LANDSCAPING
Creating Eye-pleasing curb appeal on a budget to help sell a home.
Pretty Ways to control out-of-control water on the lawn and around the house
Talk about some ways planting certain plants can create solutions to problem areas
What are some basic considerations you should explore before planting trees and shrubs in your yard?
Landscaping the big, big project in phases
What are some well-known locations that showcase your landscaping work and designs
Give an example of when you have completed a major landscaping project in phases for your customer
11. Talk about the new trend in having “rain gardens.”
TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER:
What are some ways you can plant for a good harvest in your real estate investing?
We could take the rest of the day sharing one story after another of how every day working folks have gotten a burning desire in their gut to live free the way they want to live without having to clock into a job every day. These same people have started planting seeds for the life they want to live. They have worked hard to cultivate the seeds.
Storms of circumstances have caused disappointments and setbacks and some insomnia too. But, just like the farmer, these successful real estate investors just kept getting up every day and doing the next right thing to get their properties profitable and keep acquiring more. And even in spite of the people in their life who said they were taking too many risks and would surely fail, these investors just kept working at their real estate portfolio, just like the farmer who tends to his crops and continues to plant more.
Getting a financial harvest in the first few months with your real estate. Here are a few ideas from past clients and friends who planted their investment into buying real estate and made it profitable right up front
Buy a duplex, a tri-plex or 4-plex. Live in one unit and rent out the rest. I have seen how people can live for free because the other tenant or tenants are paying enough rent to more than cover the house note for the owner. The financing can be easier than you think. Let’s talk.
Buy a home with a semi-separate mother-in-law wing for elderly parents or other family members to live comfortably. Having care-givers come in periodically to care for your loved one there could still be much less than having to foot the bill for rent on assisted living.
Get a tiny house installed on your property. One of my family members was diagnosed with an illness that required a constant care-giver. Instead of paying rent for a room in a full-care facility, my sister found a used tiny house for sale on the side of the road on one of her road trips. We paid cash for it, had it hauled to a close family member’s home and hooked to septic and utilities. We fixed it up and our cherished family member gets to live in her own little house. She eats when she wants to, gets fresh air anytime on her front or back porch. She can listen to music, watch TV or nap anytime she wants. Family, friends and professional care-givers keep her healthy and safe 24-7. It is a little bit of heaven at a down-to-earth cost.
You and your college-bound child can buy a home in the chosen college town. Your son or daughter can live there and rent out the other rooms to college friends. The rent from the others can pay all of your son or daughter’s costs plus leave enough to cover other costs. At graduation, you can resell the home for a profit.
Convert a bedroom in your home to an office where you can work from home instead of commuting every day. Build a workshop and build a thriving business from it.
Convert all or part of your home to an Airbnb location.
Here’s some smart homebuyers who just figured out how to make money day one on the home where they lived:
Meet Ricky. Ricky is barely out of his twenties and wants a shop next to his house so he could work on cars and fix stuff. He also wants to be in a particular upscale neighborhood. His dream house was like having champagne taste on a beer budget. Ricky engages his imagination and some ingenuity.
He found a house in a neighborhood that was going steadily up in value, even though it wasn’t the upscale area he initially wanted. The property had a garage. This house would not break the bank for Ricky. Ricky took action with a smart offer and beat out any competition to buy his house. Over time he transformed the garage into an awesome shop by installing a work bench and later some racks for his tools. The house was going up in value too. Ricky would one day be able to launch from this home up to the more upscale neighborhood he originally wanted.
MORTGAGE GUIDELINES FOR BUYING INVESTMENT REAL ESTATE PROPERTY
I work with investors who buy multiple properties over the course of a few years. We I have some clients who have done several loans with us over the course of time. There is currently NO LIMIT on the number of financed properties a borrower can own if they are buying or refinancing their own personal residence. However, the maximum number of financed properties Fannie Mae currently allows an investor to have is no more than 10 financed properties. Properties with over 4 units and commercial properties do not count in the 10 financed property limit. Freddie Mac currently limits real estate investors buying rental property to 6 financed properties. I have had husbands and wives team up or real estate business partners who want to acquire the maximum amount of low interest rate, long term Fannie Mae or Freddie Mac loans. Sometimes one partner will buy and finance 10 properties and the other partner will buy up to 10 different financed properties, giving them 20 properties with the low 30 year fixed rates on them. The 30 year fixed rates are popular with real estate investors because they have the lowest payment creating the most positive cash flow from the property to the investor. Since there is no prepayment penalties on these loans, the investor can pay extra on them any time he wishes. If you want to check on some real estate investment financing strategies, call me now while we are live at (901) 535-9732 or (800) 474-9732 or call me directly after the show at (901) 482-0354 (901) 482-0354.
REAL ESTATE TIP OF THE WEEK ( The Lawhons 1 to 1.5 minutes to share a real estate tip. One of the best times to plant trees and shrubs is in the fall season):
Talk Shoppe offers free networking & education to anyone interested in real estate or in business. Talk Shoppe meets every Wednesday 9A-10A CT Check for event locations at www.TalkShoppe.com This Wednesday August 28th , 2019 Talk Shoppe will be having a Meet and Greet at Panera Bread 714 N Germantown Parkway at Trinity Rd in Cordova. Bring your business cards and be ready to build some business relationships.
Talk Shoppe events are free thanks to advertisers like Scott Owens of Best Choice Roofing in Memphis, TN Call Scott to fix YOUR roof problem at (901) 483-7114.
2. Thank you to Joe Rojas of Quality Title Group in the Tennessee and North Mississippi. For your home purchase or refinance closing, call Joe Rojas at (901) 289-5821
3. Happy Labor Day coming up!
4. Subscribe at www.JoGarner.com and you can get our weekly blog posts with podcasts conveniently in your inbox.
5. Real Estate Mortgage Shoppe reminds you to MAKE YOUR PLAN. LET’S WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.
SPECIAL NOTE: REAL ESTATE MORTGAGE SHOPPE RECOMMENDS THAT YOU CONSULT WITH A FINANCIAL, LEGAL OR OTHER CERTIFIED, LICENSED PROFESSIONAL BEFORE ACTING OR INVESTING ON ANYTHING YOU HEAR OR SEE FROM THE CONTENT ON THIS SHOW OR BLOG POSTS. THE INFORMATION WE SHARE ON REAL ESTATE MORTGAGE SHOPPE IS GENERAL IN NATURE MEANT FOR GENERAL EDUCATIONAL PURPOSES ONLY. ALL EXAMPLES GIVEN FOR ILLUSTRATION PURPOSES ON REAL ESTATE MORTGAGE SHOPPE AND ARE BASED ON TRUE STORIES BUT WE USE FICTIONAL CHARACTERS AND DO NOT DIRECTLY REFLECT REAL PEOPLE OR EXACT DETAILS IN ANY OF THE SITUATIONS.
Og Mandino-“Always do your best. What you plant now, you will harvest later.”
www.boho-weddings.com “Chocolate comes from coco which is a tree, that makes it a plant. Chocolate is a salad.”
Mark McLaurine, Refrigeration Unlimited in Memphis, TN www.myhvacman.com
Troy and Lynn McDonald of Erin McDonald Insurance Agency in Bartlett, TN (901) 849-7101
Nita Black of www.901ELearn.com in Bartlett, TN. Helping you make money by sharing your skills and knowledge online
“The Tree Song” by Evie Karlsson; “Plant a Tree” by John Denver; “Wildwood Weed“ by Jim Stafford ;
“Memphis” by Johnny Rivers for the Look Back Memphis Trivia Contest
ABOUT THE LAWHONS OF LAWHON LANDSCAPE AND DESIGN:
Beautiful gardens begin with thoughtful design. The staff of Lawhon Landscape Design includes professionals with degrees in Landscape Architecture, Plant Pathology, Studio Art, and Agronomy. Our designers and plant professionals create outdoor living spaces with your lifestyle in mind.
Our many years of experience in design, installing, and maintaining Mid-South landscapes make us uniquely qualified to create gardens that are both beautiful and practical to maintain.
A Family Business
Our business was started in 1958 by Rex and Beth Lawhon and was one of the first weed control companies in the Southeast. Over the years, we have kept our client list small and personal in order to serve the gardens of Memphis with the best in lawn and shrub care. The high quality of our work has paid off over the years by the many repeat customers we have – both residential and commercial. We follow the philosophy of doing it right the first time. We hope that you will give us the opportunity to serve your garden needs as well.
In 1985, we expanded our family company by offering a complete design build landscape service. John Lawhon, with a degree in Landscape Architecture, offers complete landscape designs for every budget as well as outstanding plant installation services. In order to help maintain your landscape, we offer complete irrigation system installation. We have verything you need to make your home more beautiful than ever.
ABOUT JO GARNER-MORTGAGE LOAN OFFICER:
WHAT DO YOU WANT TO ACCOMPLISH WITH YOUR MORTGAGE?
“Whatever YOUR personal priorities are, my job is to help you get the mortgage terms that will give you bragging rights when you talk about it and help you score on hitting your goals .”
As a mortgage loan officer, my job is to help you get to the benefits you want from your financing terms. What is most important to you? I can help you find the financing terms that will help you get to what you want. What is your comfort level on a house payment? How much are you comfortable paying down,? What type of financing do you need to get the house you want to buy or refinance?
Different clients have different priorities in life—some are buying their first home with very little down payment funds. Some are recovering from medical challenges, divorces or preparing to send children to college and some are embarking on a long term goal of buying properties to build rental income.”
Jo Garner is a mortgage officer with extensive knowledge in tailoring mortgages to her customers who are refinancing or purchasing homes all over the country. She offers conventional, FHA, VA or other loan programs for refinancing and purchases.
Jo can help you look at rent vs buy, when it makes sense to refinance, how to get the best deal on your home purchase financing.
Jo Garner has been in the real estate/financing business for over 25 years. She got her start in Portland, Maine where she first began her real estate career. She received her real estate education from the University of Southern Maine and was personally mentored in San Diego, California by Robert G. Allen, author of Nothing Down, Creating Wealth and The Challenge.
On moving back to West Tennessee in 1987, she went into business buying and selling discounted owner-financed notes secured on real estate. In 1990 Jo went to work for a residential mortgage company and has been a mortgage loan officer for over 25 years. Her goal is to offer excellent, affordable service to her customers, tailoring the loan programs to the specific needs of her clients.
In addition to her work in the mortgage field, Jo Garner is the primary sponsor and founder of Talk Shoppe in Memphis. www.TalkShoppe.com Jo Garner also host the radio show Real Estate Mortgage Shoppe airing on News Radio AM 600 WREC and iHeart Radio with podcasts and show notes published on www.JoGarner.com