Homeowners Seize the Day in Turbulent Times -With a Water-proof Roof & THESE Resources from Real Estate

Today you will hear how some very successful people did NOT retreat in uncertain times. 1. They accessed their situation, looking for gaps of opportunity 2. Appropriated their resources. 3. Took ACTION—quickly. Here is how a water-proof roof and income and value building resources worked for homeowners in turbulent times.

Host: #JoGarner #MortgageExpert #loanofficer 901 482-0354

Co-Host: #EdHill #MastersRoofing 901 273-6594

Listen Live. Subscribe for Real Estate Mortgage Shoppe weekly podcasts and show notes www.JoGarner.com

#memphisroof #memphismortgage #thriveinchaos #realtors #realestate

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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.. Our general topic is Homeowners Seize the Day in Turbulent Times -With a Water-proof Roof & THESE Resources from Real Estate

Thank you to real estate closing attorneys Rob Draughon and Shelley Rothman of Griffin Clift Everton and Maschmeyer Law Firm for sponsoring this episode. For your home purchase or refinance, call Rob and Shelley to handle the title closing 901 752-1133.

Subscribe to get our weekly blogposts with podcasts at www.JoGarner.com. Call us while we are live today April 12^th, 2025 at 901 535 9732

Introducing Ed Hill of Masters Roofing

Ed Hill of Masters Roofing is in the studio today with some helpful advice on how homeowners can seize the day if you encountered some roof damage this past week. Ed Hill, Masters Roofing has an A+ Better Business Rating and lots of testimonials from happy customers. Take a minute or so and introduce yourself to our new listeners and talk about some of the services you offer. (Ed Hill has about a minute and a half to intro himself and talk about the services he offers his clients )

(Jo) To our listeners, have you encountered some turbulent times financially? Storms and uncertainty are guaranteed in this life. During the Great Recession several years ago and later during the pandemic, so many of the people and businesses that survived were those that looked for gaps of opportunity the storm and made quick pivots.

Zoom, the online meeting company quickly adapted to an explosion of demand during the pandemic. When restaurants were told they could no longer serve their clients in their dining rooms, the restaurants that adapted to patio service and Door Dash survived. Within a couple of weeks of the shutdown one Memphis restaurant converted their lobby to a store where their patrons could shop grocery story style for ingredients and their restaurants ready-made meals.

During the Great Recession around 2008, so many every day people became multi-millionaires because they bought bargain-priced real estate and turned them into rentals. In a negative situation these people looked for positive gaps of opportunity and took action –quickly. Instead of retreating in the face of uncertainty and turbulence, Assess your situation, Appropriate the resources you need and Take Action.

Here are some reasons owning real estate can create a hedge of protection for you:

Why Real Estate Can Be a Safe Haven

Now, here’s where the real estate market comes into play. Unlike stocks, real estate is a tangible asset. It’s not just numbers on a screen; it’s a physical property that provides shelter, serves as a business location, and holds intrinsic value. This inherent value makes real estate a relatively stable investment during times of uncertainty. Here’s why:

• Roof over your head: You can live in a home and work in an office. Everyone needs a place to live and work, no matter what the economic situation.

• Controllable Asset: Unlike stocks, you can see it, touch it, and decide how to improve it and get it to pay you back. For investment property, you can improve it and increase the income you get from it. You can borrow against it to pull you through a turbulent time.

• Hedge Against Inflation: Inflation causes prices to go upon goods and services, shrinking the value of your savings in the bank. But real estate tends to go up in value during inflationary times protecting your investment and its purchasing power.

• Rental Income: Real estate investment properties bring in rent income that tends to increase over time. Every time you raise the rent, you give yourself a raise. Real estate income can supplement other sources of income.

If you are renting but want to buy a home to start building your own wealth, let’s explore some financing options. Are you are thinking, “I can’t afford the house I want?”

Let’s look at some special programs with below-market interest rates. This can make the payment lower and more affordable. You may want to buy a smaller starter home first to start building equity. Later, you can sell it and take the profit to leverage up to the home you want.

What do YOU want to accomplish with YOUR mortgage? I can help you find the right mortgage program and make the mortgage process EASY. Connect with me today at www.JoGarner.com Call or text me at 901 482-0354..

(Jo) Ed Hill of Masters Roofing, you have some good advice for us on how to seize the day with storm damage to our home’s roof. Let’s hear some of your great wisdom before we head to our 9:25 break.(Ed Hill has about 2-3 minutes to launch his topics until we go to break)

(Jo) 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. When we come back we will be hearing more from Ed Hill of Masters Roofing in Memphis. See you back in just a moment.

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TOPICS COVERED BY ED HILL OF MASTERS ROOFING

Storm Damage 101

What should homeowners and business owners know about storm damage to their home and business exteriors and interiors?

1. Document the process and the result with video, photos, and physical evidence.

2. Set an appointment with well-trusted professionals to inspect and assess storm damage.

3. Understand that storm damage may or may not qualify for a claim.

4. Don’t agree to or sign any paperwork with any companies until your own research verifies their trustworthiness.

5. Select professionals based on your research who have a proven track record of delivering professional outcomes.

6. Follow the leadership of the professionals you select.

7. Embrace the process of proper claims management and professional services that require sufficient time and proper sequencing for best results.

8. Keep a positive attitude and a cooperative spirit with contractors and vendors.

9. Expect your contractors and insurance adjusters to provide information and updates regarding the work.

Ed Hill, Senior Consultant, Masters Roofing Memphis and host of the free podcast, Memphis.HomeMaintenanceShow.Podbean.Com started many years ago in the home maintenance and improvement industry by performing projects in his boyhood home and his own homes. His experience was strengthened by his work in the residential security business, his siding claims inspection work, and his work in the roofing industry starting in 2008. He has helped almost 2000 families protect and restore their homes. Contact him at 901-273-6594.

TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER:

RESOURCES FROM YOUR HOME & OTHER REAL ESTATE

I have been a mortgage loan officer of over 35 years. One of the greatest benefits of this profession is you get a front row seat to your customer’s financial journeys. I have learned so much from my clients over the years. Besides having the best mortgage products available at my fingertips, I have learned brilliant ways some of my hall of fame customers use these programs and how they use their real estate as a resource.

Winning play to have real estate pay college tuition

Mr. and Ms. Smith knew they wanted their son to be able to college at their alma mater out of state. The tuition with the living expenses were going to strain their budget, and how much were they going to have to sacrifice to get their son to graduation? Not much all, as a matter of fact. The Smiths decided to step outside the box and BUY a home close to the university where their son could live. Their son went on the loan with them as the owner occupant, so the deal didn’t cost much cash out of pocket, and their son rented two of the rooms to other students which more than paid the mortgage payment Very clever for the Smiths! They made money each month and built equity and their son built his credit at the same time too. Who do you know that could use this smart strategy for their college student? Let’s talk!

Darrell Daeson- Less Paperwork-Quicker Closing

Darrell Daeson owned his home, his own business and was doing well as a landlord on two houses down the street. At a real estate investor meeting a friend told him about an opportunity to purchase a home at a good price where Darrell liked to buy. The house was bringing in good rent money. Darrell did some numbers in his head and realized this deal was too good to pass up.

Darrell’s challenge was his tax returns. His business did not show a lot of profit the past year due to some infrastructure shifts that would pay off later. Darrell had an excellent tax accountant who helped him to legally lower his taxable income. But he knew a bank or mortgage company would say he did not make enough money to buy another house. How could he buy

For Darrell I presented the DSCR (Debt Service Cash Return) mortgage program. This program would still require Darrell to have good credit, twenty percent or more down payment since it was investment propert. He would need to verify his funds to close, good title and an acceptable appraisal.

Darrell liked the DSCR program because the mortgage company would not require income documents. Instead, the mortgage company would simply make sure that Darrell’s new mortgage payment including taxes and insurance did not exceed the monthly rent income on that property.

Darrell could buy this home he wanted and start getting the rent income right away without having to wait another year for his next tax return income to look better. Other advantages to the program included that he would not have to give to the bank or mortgage company mounds of paperwork from his other rental properties to establish income. The interest rate was higher than the rates on traditional mortgages, but it was fixed for 30 years. One day he could look at refinancing if it made sense. Using the non-traditional DSCR mortgage program saved Darrell Daeson time AND money.

other way to absorb the higher costs of goods and services.

Sid Stenner Takes Clever Steps to Safeguard His Income and Savings With the Right Mortgage Loan

Sid Stenner has been living alone for the last several years and doing just fine on his fixed retirement income and the money he makes in his small home-based business. A few years ago Sid needed money for his business and he took out a bank loan secured on his home.

This loan was quick and easy when he got it, but now the fixed rate term is ready to switch to a variable interest rate. He used some variable interest rate credit cards and still had unpaid balances lingering. But in a rising-rate, inflationary market with the Federal Reserve promising to raise their rates, it seemed like a good time to somehow convert the risky variable rate debt to a safer fixed rate. But how?

We looked at several options. Mr. Stenner decided to refinance his home and replace his risky variable rate mortgage with a low, fixed rate mortgage. He decided to roll into this refinance loan the variable credit card balances too. When inflation and higher Federal Reserve rates come knocking, Mr. Stenner’s rate will stay low and the variable rate from credit cards will be gone too. Those cards were paid off with the loan from the refinance.

Mr. Stenner said, “I’m going to work another five years, if the good Lord lets me. While I have both my retirement income and my business income, I’m going to pay extra each month to get my mortgage paid down as low as possible. Then when I retire, I might refinance to a lower payment or get a reverse mortgage.” Mr. Stenner was thinking ahead and preparing a good life for himself now and later

Other Tips for Using Your Real Estate as a Resource

1. Fix up the bonus room over the garage and rent out that part of your home for an extra income

2. Move your office to your home instead of paying office rent. (check neighborhood covenants and restrictions)

3. Grow your own fruits and vegetables

4. Rent out an extra storage space for someone who needs to store their belongings

5. Save on independent or assisted living care costs by moving your loved one into your home and caring for them.

Make your plan. Let’s work your plan. If the deal works for you today, do it today. Connect with me at www.JoGarner.com Subscribe at www.JoGarner.com and you will get our weekly podcasts with show notes conveniently in your email box. Pick up the phone and call me the old fashion way. I want to hear your plan and roll up my sleeves with you to come up with a design to get your mortgage financing working for you. (901) 482-0354

4^TH SEGMENT 9:48 AM TO 9:55AM

REAL ESTATE TIP OF THE WEEK (Ed Hill of Masters Roofing calls in with a tip from the roofing industry) Ed Hill of Masters Roofing in Memphis 901 273-6594 When you see water leaking from your roof or siding, the best time to repair it is RIGHT NOW. Leaking water left over time can create bigger, more expensive problems. Get a professional repair job completed as soon as possible.

Jo Garner’s tip When turbulent times hit, we have shared some great stories of successful people who did not RETREAT and wait. They assessed their situation and looked for opportunities in the storm. They appropriated their resources and moved forward—quickly.

What is your situation? It is free to talk, so let’s explore some mortgage structures that could help you take advantage of the disruptive turbulence to put yourself in a better place.

ANNOUNCEMENTS:

Talk Shoppe equips with education, engages by offering connection opportunities between business people and empowers businesses in a supportive community. Talk Shoppe meets every Wednesday 9A-10A CT at Independent Planning Group’s conference room 110 at Clark Tower 5100 Poplar Ave 1^st floor Memphis, TN

(Thank you Manny Corless and Ben Hunter (615-601-0568) outstanding Financial Professionals at Independent Planning Group for being Talk Shoppe’s location sponsor)

Join in person or online by clicking www.TalkShoppe.com and click the Events tab for the link to get into the event online.

Talk Shoppe on Wednesday April 16, 2025 “How to Expand Your World As You Age” Sharleen McBlain, Certified Fearless Living Coach True Colour Connections 1-250-212-1556

For non-medical assistance with daily living for your aging loved one, call home helpers at 901 414-9696 Genell Holloway and Tim Flesner, owners

Talk Shoppe’s free networking and education made possible to our community by sponsors like Craig Jennings of Avalon Capital –private money lenders for investment real estate 901 417-8427

1. Thank you also to Realtor Sherry Harbur of Harbur Realty. Sherry knows the real estate market and has offered to help our Shelby County homeowners who want to contest or appeal their recent Shelby County Tax Reappraisal amount. Sherry can help by supplying a list of recent comparable sales for your specific neighborhood. You can use these to appeal your Shelby County tax appraisal on your home

Call Sherry Harbur at 901 878-3308 or go to Harbur.com

2. Our thoughts and prayers go out to the people who have suffered during the recent Mid-South storms.

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.

QUOTE CORNER:

The quote of the week: “I’m not afraid of the storm, for I am learning how to sail my ship.” Louisa May Alcott

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REJOINDERS:

1. Brett Bernard, Realtor with Stamps Company Investment Division 901 692-7401

2. Leah Anne Morse of All Things New (Organizing and Moving Company) 901 488-9733

3. Taylor Morse of Cartridge World of Collierville (recycled ink cartridges cw0803@cartridgeworldusa.com

Transitional Music: “Rockin’ with the Rhythm of the Rain” by the JUDDs “One Step Ahead of the Storm” Tracy Lawrence; “I Can See Clearly Now” by Jimmy Cliff

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ABOUT ED HILL OF MASTERS ROOFING

Ed Hill has been in the residential roofing industry since 2008 and has been Senior Consultant with Masters Roofing Memphis TN since 2010.  He has personally assisted about 800 homeowners with roof replacement and many others with roof and exterior repairs.  He is an active member of the Greater Memphis Business Network International chapter and is the official Masters Roofing consultant to TPC Southwind.  He holds three earned degrees including a doctorate but tries not to let those get in his way of serving his customers!  For free roof advice, free inspections, and free estimates and bids for roof replacement or roof repair call Ed Hill at 901-273-6594. Learn more at #EdHillMastersRoofing and at MemphisHomeMaintenanceShow.Podbean.Com

Ed Hill, Senior Consultant

Masters Roofing

2845 Stage Center Cove

Bartlett TN 38134

901-273-6594

EdHill.MastersRoofing@gmail.com

ABOUT JO GARNER-MORTGAGE LOAN OFFICER:

www.JoGarner.com (901) 482 0354 jo@jogarner.com X @jogarner NMLS# 757308

(currently working with Everitt Financial dba Supreme Lending)

ONLINE LOAN APPLICATION : https://jogarner.supremelendingLO.com

“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 helping her clients find the right mortgage program and making the refinance or home purchase mortgage process EASY. She offers conventional, FHA, VA or other loan programs for primary residences, second homes and investment properties.

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 30 years.  She grew up in West Tennessee and got her start in real estate 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 30 years. 

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 Pick up Jo Garner’s book on Amazon or Barnes Noble “Choosing the Best Mortgage-The Quickest Way to the Life You Want”