PLAN TO PROFIT FROM YOUR HOME LOAN TO YOUR HOME’S LANDSCAPING
http://192.232.195.219/audio-and-podcasts/
Welcome to Real Estate Mortgage Shoppe! In this episode, you will hear about some strategies on how to plan your real estate financing to bring you the profit and other advantages you want to achieve whether you are deciding to rent vs buy, become financially independent by acquiring income and equity owning real estate investment properties or just restructuring financing you already have to get you closer to your personal goals. We have landscaping expert, John Lawhon from Lawhon Landscape, to talk about ways you can enjoy full benefits from a great landscape design and still have money left in your savings account.
There is a well-established 80/20 business rule that proves that 80% of unstructured activity gets you less than 20% toward your desired outcome. If you don’t have a plan, you waste time and energy trying to decide what to do next or just pursuing rabbit trails away from your target outcome.
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Good morning, Memphis ! Good morning across the 50 states. You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Officer. You can connect with me at www.JoGarner.com or email me at jo@192.232.195.219. Or, even better, call me while we are live on April 23rd, 2016 at (901) 535-9732 and toll free (800) 474-9732. This episode of Real Estate Mortgage Shoppe is brought to you by Joe Rojas and his Elite Team working through Fearnley, Martin and McDonald real estate title company. You can reach Joe Rojas at (901) 289-5821. Our general topic is
“PLAN TO PROFIT –FROM YOUR HOME LOAN TO YOUR HOME’S LANDSCAPING.” You will get some strategies on how to plan your real estate financing to bring you the profit and other advantages you want to achieve. We have landscaping expert, John Lawhon from Lawhon Landscape, to talk about ways you can enjoy full benefits from a great landscape design and still have money left in your savings account. .
John Lawhon, I keep hearing wonderful testimonies about your work. I am impressed with some of the projects you have done in our local community. Tell us a little bit about yourself and what does Lawhon Landscaping do for your clients?
(Jo) There are so many correlations between the mortgage business and the landscaping business. Like you, I’ve been in the mortgage business for about 25 years but I got my first taste of success in the lawn and landscaping business. I guess if you look back on your first experiences in businesses, you would discover that you adhere strongly today to the lessons you learned from your early lessons in business. For me, it was to start with the end in mind. What did I want my life to look like in a year, 5 years, 10 years—then take small but deliberate steps to gradually build that reality.
It’s like creating a landscape design that includes the pool, the pool house, the hedges, the circular flower beds with fish pond, the Japanese Maples and the whole works, knowing that you may only get a couple of flower beds in the first phase. But you have the plan laid out and a picture in your mind and on your wall to keep you gradually creating the full reality of your plan. Not everyone buying houses has an elaborate plan. They just need a safe, comfortable place to call home. But some of my clients have that elaborate plan of how to accumulate 20 or 40 real estate properties whose cash flow profits allow them to live life where they want to live and how they want to live. But being financially independent owning real estate does not happen by accident, just like the elaborate landscaping design for your castle. You must have at least a broad brush vision of your desired reality before you can put it all on the design paper and start step-by-step making it happen.
(Jo) Here’s an example of how some successful real estate investors legally acquire more than the maximum limit of 10 financed properties under Fannie Mae lending guidelines. Particularly married couples will have one spouse buy the real estate and get the financing in that one spouse’s name for up to the maximum 10 financed properties. The other spouse acquires up to 10 financed properties in just their name and now the household real estate holdings are 20 and not limited 10 financed properties. If they take a little time to structure the mortgage financing terms well, then they can prepay their mortgages, paying them off early creating more equity as the mortgages are paid off. Now they are in a better position to go pay cash for some of their real estate holdings. There are plenty of other strategies too, but due to the short amount of time on the air, you will have to talk with me personally after the show by calling (901) 482-0354. (901) 482-0354.
(Jo) Since we are talking today about Plan To Profit From Your Home Loan To Your Home’s Landscaping, I am recalling a client, who lives in the general area of where I live, and who by the way has some beautiful landscaping. They listen to Real Estate Mortgage Shoppe and called me to run some numbers for them. They had a grand design for their life which included getting their children, through college AND these clients wanted to retire within the next 10 years instead of waiting 20 years to retire. There seemed to be no way to do both—BUT—we made that design come true, by lowering their interest rate and refinancing to eliminate about 10 years off their loan term.
So many of the best mortgage strategies for getting rid of debt sooner is to reduce the interest rate and shorten the term whether it is to refinance the mortgage, or simply to make extra payments to prepay the principle balance. It’s like burning a candle at both ends to get rid of it faster. Lowering the interest rate is like lighting one end of the candle. Knocking off 5 to 10 years in mortgage payments has saved my clients tens of thousands of dollars. This amount of savings varies of course with lots of different factors. But if you have refinancing your mortgages in mind, you don’t want to wait to long. This week April 18th through April 22nd 2016, mortgage rates hiked faster in one day than they have done since November. The 30 year fixed rate conventional came in around 3.75% to 3.875%, The 15 year fixed came in around the low 3’s. Call me if you want to explore some low rates on jumbo loans over $417,000 or the government 100% Rural Housing loan or 100%Veteran loan and others. The rates hiked up only an eighth of a point so you still have some opportunities to profit on a refinancing plan. Call me while we’re on the air at (901) 535-9732 or contact me personally after the show at (901) 482-0354. (901) 482-0354
But changing course just a little bit. John, while you are sharing YOUR tips on how your clients can profit from a good landscaping plan, please talk about the difference between hiring a professional landscaper and trying to do-it-yourself.
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____2nd segment after 9:15 break: It’s time for the Look Back Memphis Trivia Contest. The Look Back Memphis Trivia Contest is brought to you by notable Memphis historian, Jimmy Ogle. Jimmy offers free historic walking tours in downtown Memphis in the spring and fall. To find out more, ask Jimmy at www.JimmyOgle.com . Our 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 the Look Back Memphis Trivia Question, call us on the air at (901) 535-9732. 800 474-9732
Garner # 75 04/22/16
D’Army Bailey Courthouse
Question: I have been “in business” in Downtown Memphis at this location for over 100 years. Who am I?
Hint: In the middle of the 19th century, my location was in Raleigh, Tennessee.
Hint: I have kept a watchful eye over the good of the citizens of Shelby County for many years.
Hint: I once occupied the corner where the Cannon center is located now.
Final Hint: I got a new name last year!
Answer: D’Army Bailey Courthouse. In September, 2015, the Shelby County Courthouse was renamed to be the D’Army Bailey Courthouse, in honor of the late attorney, civil rights activist and judge. The Shelby County Courthouse officially open its doors at the cost of $1.8 million on January 1, 1910 and all of the offices of city and county government, along with the courts, were located in the one block bounded by Washington (north), Second (West), Adams (east) and Third (east). The courts were located originally in Raleigh between 1824-1866 by order of the Tennessee State General Assembly, as all county courts were located in the center (geographically) of each county in Tennessee. At that time, Shelby County also included the lands of Fayette County and Tipton County (which became counties in 1823 and 1824).
Upon the close of the Civil War in 1865, Memphis had developed as the prime location for steamboat and railroad trade on the fourth Chickasaw bluff in West Tennessee along the Mississippi River. Raleigh had become too inconvenient. The courts moved to the Overton Hotel property at Front & Poplar, and then outgrew those facilities by the turn of the century, thus necessitating the new building. Features in the Courthouse include seven different kinds of marble from four different states, Cuban mahogany wood, a bust of Andrew Jackson and twelve statues around the property and the building that are glorious, after an $18 million facelift in the 1980s.
Jimmy Ogle gives free outdoor walking tours on the sidewalks and parks in Downtown Memphis during the Spring and Autumn of each year, with the next Tuesday Tour being along Beale Street at 11:45am on Tuesday, April 26; the Bridge Walk on the Memphis & Arkansas Bridge on at 2pm on Sunday, May 15; the Fairgrounds Walking Tour at 2pm on Sunday, May 22 (assemble at the Coliseum). The D’Army Bailey County Courthouse Tour (indoors): Third Thursday each month at 12:00 noon – the next being Thursday, May 19.
Go to jimmyogle.com for the 2016 Spring Season schedule and locations.
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QUESTIONS ANSWERED BY JOHN AND JENNIFER LAWHON:
⦁ What are some examples of clients who have profited from getting you to help them plan their landscaping projects?
2. What are some things you can do to improve curb appeal for someone on a budget who wants to sell their home quicker?
3. Why should the homeowner spend the money to hire a professional when they could just use Home Depot?
5. What are some tips for keeping up with landscape maintenance?
6. What are some solutions you use to help fix drainage problems?
7. Please talk about spraying schedules and other weed control solutions.
8. How have you helped clients design a full-blown landscape design and installed it in phases for the client’s convenience and budget needs?
9. Talk about some of the charitable community projects that you do
10. Where are some of your high visibility projects for our listeners in the Memphis area to see
QUESTIONS ANSWERED BY JO GARNER:
⦁ When someone is trying to decide which direction to go to make their dream reality come true, what are some rules-of-thumb they can use?
⦁ Deciding to Buy vs Rent? Ask yourself the question—how long do I plan to remain in the geographic area? If it is less than 3 years, you may want to continue to rent.
⦁ Ask yourself will you pay more over the next 5 years in housing costs Buying a home with a fixed mortgage rate or renting a comparable house with rents going up every 1 to 2 years.
⦁ Buying Rental Property- If you have a dream to be financially independent owning real estate rental property, ask yourself if you really WANT to be landlord. After getting a few profitable cash-flowing properties under your belt, you might be able to afford a management service, but ideally you need to be able to do this on your own. You can join your local real estate investment club learn some helpful strategies from other real estate investors. Some successful real estate investors have been guests on Real Estate Mortgage Shoppe and they tend to not want to buy real estate unless they can buy it at around 60% to 75% of the going value depending on what the going rents are in the neighborhood and depending on how much of his funds he will have to invest to get the property fixed up and ready to rent.
⦁ On the topic of refinancing Know what mortgage payments are comfortable for you. This includes the home’s real estate property taxes and homeowners insurance, mortgage insurance and any association fees attached to that particular house . One customer’s comfort level may let them carry the house note PITI along with their other credit card payments, car payment, child support payments all the way up to 45% or 50%. (If their credit is good and they have plenty of assets the underwriting software may preapprove them
⦁ On the topic of buying a primary residence. Know what your comfort level is on how much you pay down. Every financial guru I know talks about the importance of having emergency funds available at all times. My very experienced assistant, Susan and I know where to help you find money you never knew you had. Call me personally and I may be able to help you uncover some of your treasure that you can use to make more treasure. (901) 482-0354 ⦁ jo@192.232.195.219 or just go to ⦁ www.192.232.195.219
REAL ESTATE TIP OF THE WEEK: (John Lawhon shares the best time to trim azaleas is right after the flowers bloom and start to die. This way you are not cutting off next year’s buds.
Announcements: 1. Talk Shoppe offers free education and networking to anyone interested in real estate or business. This Wednesday April 27th, 2016 Talk Shoppe will be presenting “The Mastermind Principle: based on the book Think and Grow Rich by Napoleon Hill. Thanks to Talk Shoppe’s advertisers an d supporters, Talk Shoppe if free to you for the next 2 months.
So thank you, Chef Eric Meyers of Eat at Eric’s Grille and Catering www.eataterics.com Be sure to visit with Chef Eric who is serving wonderful hot food over at the Memphis Humane Society today at their 36 hour Adopotathon until 5 PM today.
Thank you to Gwen Christensen, owner of Builders Floors & Interiors www.buildersfloorsandinteriors.com She can install good quality flooring for you at less than the big box price.
Thank you to Leah Anne Morse of Cartridge World (901) 853-3230 Global Brand Local Experts
Thank you to Business Network International, www.bnimidsouth.com
For more information about Talk Shoppe, go to www.TalkShoppe.com
⦁ 2. To hear today’s podcast of the Real Estate Mortgage Shoppe and others, go to ⦁ www.JoGarner.com
-3. “MAKE YOUR PLAN, WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.”
4. Today’s episode of Real Estate Mortgage Shoppe was brought to you by Joe Rojas’s Elite Team in the offices of Fearnley, Martin, McDonald real estate title company (901) 289-5821
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QUOTE CORNER: From Aeschylus (Eh’ skuh lus) “From a small seed, a mighty trunk may grow.”
“”You may have a cat… or plants…but not both”
REJOINERS:
Pat Goldstein, Realtor Crye-Leike, Inc (901) 606-2000
Sonia Balcer, Montrose, CA
Loretta McNary, Television and radio show host www.LorettaMcNary.com
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“Tie A Yellow Ribbon Around The Old Oak Tree” Tony Orlando and Dawn; “The Garden Song” John Denver; “What A Wonderful World” Louis Armstrong; “Memphis” by Johnny Rivers for Look Back Memphis Trivia Contest
ABOUT JOHN LAWHON OF LAWHON LANDSCAPING:
John: General Manager and Designer
Krista: Landscape Design Specialist
Jennifer: Customer Service and Business Manager
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.
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ABOUT JO GARNER-MORTGAGE LOAN OFFICER:
www.JoGarner.com (901) 482 0354 jo@192.232.195.219 twitter @jogarner
Jo’s job description: “As a mortgage loan officer, my job is to give my client the benefits they want from their financing terms—listening to my client and determine what’s of the most value to THEM– What is their comfort level on a house payment, how much are they comfortable paying down, what type of financing do they need to get the house they 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. Whatever their personal priorities are, my job is to put together a mortgage with comfortable terms that will help them achieve their goals.”
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 since 1987. 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 20 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 She was also the editor of Power Shoppe, a free weekly e-zine designed for real estate professionals and others indirectly connected to the real estate industry and currently publishes on her blog www.JoGarner.com .
For real estate financing solutions, plug into Real Estate Mortgage Shoppe. You can find mortgage rates, FHA Streamline refinance with no out-of-pocket costs.