Today on Real Estate Mortgage Shoppe we are going tobe sharing with you some stories of how some very successful real estateinvestors started small and built their real estate income generatingmachines.
I will be going over some ofthe financing programs that helped these investors really make it big. Matt Cates, President of Memphis InvestorsGroup will be inviting you to experience the benefits of being a member of asupportive group of knowledgeable investors offering education, mentorship andeven some bargain deals.
What do YOU want to accomplish from YOURmortgage? I want to hear YOURstory. Subscribe to get our weekly RealEstate Mortgage Shoppe podcast with show notes at www.TNRDHomeLoans.com
LET’S GET STARTED!
Good morning, Memphis! Welcometo our internet listeners and podcast listeners across the 50 states! You’re onReal Estate Mortgage Shoppe. I’m your host, McKenzie Mortgage RD Loans, Mortgage LoanOfficer. You can connect with me at www.TNRDHomeLoans.com. Our generaltopic MEMPHIS INVESTORS GROUP-HELPING YOU FIND, FUNDAND PROFIT BUYING REAL ESTATE. Subscribeto get Real Estate Mortgage Shoppe podcasts with show notes at www.TNRDHomeLoans.com Call us whilewe’re live today July 27th, 2020 at (901) 535-9732.
In the studio for the first time is Matt Cates, an real estate investorAND president of Memphis Investors Group—no stranger to the real estateinvesting business and always ready to help someone. Matt, it is such a pleasure having you in theReal Estate Mortgage Shoppe studio today. Take a moment and tell our audience a little bit about yourself and someof the benefits investors can get from being a member of Memphis InvestorsGroup. (Matt has about a minute and a half-or a little more to intro himselfand talk about some for the benefits of being member of Memphis Investor Group)
(Jo) Themarket is so good for buying real estateto fix up and resell for a profit or buy and hold for generating income. Butno matter what the market is doing, if you hang out with the right people withthe right mindset, you can mastermind a method to make money in real estate injust about ANY market. If you arelooking for some real estate investor that will help you look for the rightopportunities, help you finance them and help you decide how to profit fromthem later, connect with some of the Memphis Investors Group members at some oftheir events.
WALLACE WINTON’S STORY-TEAM AND TENACITY TO POWER HISPLAN
As a mortgage loan officer, I get to see what works for thesuccessful real estate investors who are my clients. Let me share with you thestory of one of my real estate investor clients, Wallace Winton. One of the habits Wallace cultivated what thehabit of surrounding himself with successful people in the real estateinvesting world—people who were already living his dream. At Memphis InvestorsGroup he found some of his first real estate deals and it is how he learned howto make money on them too.
About 15 years ago, Wallace Winton (not his real name), worked hard ata job to provide for his family. Everyday as he worked, he yearned for a life he could see in his mind, but wasfinancially way out of reach. Wallacestarted attending a local real estate investment association and became friendswith some of the investors there. Onenight he heard a very successful real estate investor speak at one of themeetings. He put some experienced people from his network on his team andjumped out to buy 4 homes that year, all of those homes earning a positive cashflow. Over the first 7 years, Wallaceput a plan in place and acquired 55 rental properties, some of themfixer-uppers that he renovated and kept for income. He had so much income thathe no longer had to work a job.
There were bumps in the road to his success, though. Wallace wassuddenly slammed with a serious illness that forced him to pull away frombuying real estate and just rest and recover for a couple of years. The real estate market crashed. Financingdried up. Then the market spiked again.
Wallace tenaciously stuck with his plan, tweaking it to adjust to whatthe real estate market was demanding at the time. With his association with theright real estate professionals and the smart use of his resources, Wallacepowered through with his plan and, today he and his family are enjoying theirabundant harvest.
If you or someone you know wants to power through their plan tobuild their own portfolio of financial freedom owning real estate, let’stalk! What do YOU want to accomplishwith YOUR mortgage? Make your plan. Let’s work your plan. If the deal works foryou today, let’s do it to day! Connect with me at www.TNRDHomeLoans.com or call medirectly at (615) 924-6215.
Matt, you are quite a successful real estate investor yourself. How did you get started in real estateinvesting and what advice would you give someone in our audience if they areabout to start buying and building their real estate business? Matt shares hisstory of how he got started and offers some advice to those people justbeginning to invest
(Jo) You’re on Real Estate MortgageShoppe. I’m your host, McKenzie Mortgage RD Loans, Mortgage Loan Officer. What do YOU want to accomplish with yourmortgage? Make your plan. Let’s work your plan if the deal works for you today,let’s do it today. When we come back MattCates, real estate investor and president of Memphis Investors Group will besharing more of the benefits YOU can tap into by connecting with MemphisInvestors Group-our local Real Estate Investor Association See you back in just a moment.
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THE LOOKBACK MEMPHIS TRIVIA CONTEST
2nd segment after 9:15 break: Our Look BackMemphis Trivia Contest is brought to you by notable Memphis historian, Jimmy Ogle. Twelve of his Memphis History lecturesentitled Making Memphis – Storytelling by Jimmy Ogle may be viewed byGoogling “JIMMY OGLE PINK PALACE”. Viewat JimmyOgle.com. . The Look Back Memphis Trivia Contest is sponsored by John and Jennifer Lawhon ofLawhon Landscape (901) 754-7474 the Lawhon’s can help you plan your landscapingif you have a BIG, BIG project or a smaller project or you can do the bigproject in phases . The Lawhons are giving away a $25 gift card to the firstperson with the correct trivia answer. If you know the answer to our trivia question, call us at 901 535 WREC901 535-9732.
Garner # 180 * 06/27/20
Union Avenue
Question: I am astreet in Downtown Memphis that was named in 1819 by Andrew Jackson, one of thethree co-founders of Memphis who never lived here in Memphis and I was thesouthern boundary of the original town plan. Who am I?
Hint: My name has nothing to do with the merger ofMemphis & South Memphis, nor the Civil War.
Hint: I was the first thoroughfare in Memphis to bedeclared an “arterial” thoroughfare.
Hint: The “Graceland of Cotton” is located on one ofmy corners (at Front Street).
Last Hint: The address of the South’s Grand Hotel gracesmy name, and so does its Ducks!
Answer:Union Avenue.Contraryto two popular myths about the naming of Union Avenue – one being that the 1850annexation of a small community known as South Memphis (Beale Street was its“Main Street”) thus the “union” of the two towns, and the other being the Unionoccupation during the Civil War years of 1862-65, the Union appears on theoriginal town plan of 1819, as the southernmost boundary. Many historic properties may be found alongUnion Avenue beginning at the Cobblestones, Promenade, Cotton Row, CottonExchange, WDIA, November 6th Street, Peabody Hotel and theNineteenth Century Club. Union was linedwith large mansions until commercial encroachment began its domination of Unionwith the advent of the automobile.
UnionAvenue was designated the first “arterial” highway in Memphis in the early 20thcentury, made for high speed and high volume of automobile traffic which wouldflow for longer distances. The effects of automobiles caused Memphis to sprawleastward gobbling up smaller incorporated towns (now known as a portion of“Midtown”) such as Madison Heights, Idlewild and Lenox. With annexationabsorbing all the way out east to Goodlett in 1929, the race was on. The Union Viaduct opened in 1961 thatcontinued Union Avenue over the Belt Line Railroad (and under the PoplarViaduct) to Walnut Grove and further east . . .
Bonus: Jimmy Ogle’s four distinct tours ofElmwood Cemetery that were scheduled for Saturday, April 25 are postponed untilAutumn. For more information, call 901-774-3212 or go to elmwoodcemetery.org.
Jimmy Ogle has retired from walkingtours in Memphis. Twelve of his MemphisHistory lectures from the Pink Palace entitled Making Memphis – Storytelling by JimmyOgle, and now more than ten hours Downtown Walking Tours areFREE on the internet at . . . You TubeJimmy Ogle.
View JimmyOgle.comfor more info!
Garner # 180 * 06/27/20
Trivia Answer: Union Avenue
Question: I am astreet in Downtown Memphis that was named in 1819 by Andrew Jackson, one of thethree co-founders of Memphis who never lived here in Memphis and I was thesouthern boundary of the original town plan. Who am I?
Hint: My name has nothing to do with the merger ofMemphis & South Memphis, nor the Civil War.
Hint: I was the first thoroughfare in Memphis to bedeclared an “arterial” thoroughfare.
Hint: The “Graceland of Cotton” is located on one ofmy corners (at Front Street).
Last Hint: The address of the South’s Grand Hotel gracesmy name, and so does its Ducks!
Answer:Union Avenue.Contraryto two popular myths about the naming of Union Avenue – one being that the 1850annexation of a small community known as South Memphis (Beale Street was its“Main Street”) thus the “union” of the two towns, and the other being the Unionoccupation during the Civil War years of 1862-65, the Union appears on theoriginal town plan of 1819, as the southernmost boundary. Many historic properties may be found alongUnion Avenue beginning at the Cobblestones, Promenade, Cotton Row, CottonExchange, WDIA, November 6th Street, Peabody Hotel and theNineteenth Century Club. Union was linedwith large mansions until commercial encroachment began its domination of Unionwith the advent of the automobile.
UnionAvenue was designated the first “arterial” highway in Memphis in the early 20thcentury, made for high speed and high volume of automobile traffic which wouldflow for longer distances. The effects of automobiles caused Memphis to sprawleastward gobbling up smaller incorporated towns (now known as a portion of“Midtown”) such as Madison Heights, Idlewild and Lenox. With annexationabsorbing all the way out east to Goodlett in 1929, the race was on. The Union Viaduct opened in 1961 that continuedUnion Avenue over the Belt Line Railroad (and under the Poplar Viaduct) toWalnut Grove and further east . . .
Bonus: Jimmy Ogle’s four distinct tours ofElmwood Cemetery that were scheduled for Saturday, April 25 are postponed untilAutumn. For more information, call 901-774-3212 or go to elmwoodcemetery.org.
Jimmy Ogle has retired from walkingtours in Memphis. Twelve of his MemphisHistory lectures from the Pink Palace entitled Making Memphis – Storytelling byJimmy Ogle, and now more than ten hours Downtown Walking Toursare FREE on the internet at . . . YouTube Jimmy Ogle.
View JimmyOgle.comfor more info!
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TOPICS COVERED BY MATT CATES, PRESIDENT OF MEMPHISINVESTORS GROUP
- Howdid you get started investing in real estate?
What best advice would you give a real estateinvestor starting out (ask questions of the pros and then take action)
- Talk about thepurpose and mission of the non-profit Memphis Investors Group (providing education and resources to help real estate investors succeedusing profitable but ethical methods)
- What are some ofthe most common benefits Memphis Investors Group gives the members (discounts from retailerslike Home Depot, mentors who can guide you when you need advice andconnections. A resource for findinggood real estate deals, education on topics that keep you knowledgeable andable to make smart decisions about your real estate investments
- How much does it cost to be a member of Memphis InvestorsGroup $200/year
- Talk about a typical monthly meeting at Memphis InvestorsGroup—What time does early bird start? What kinds of topics does Early Birdgroups and the main groups offer
- What are some ofthe other meetings and groups that happen outside of the once-a month MemphisInvestors Group meetings? Lunch with the Pros on Fridays, OPM -other people’s money group, YoungReal Estate Professionals, MemFlips and more go to www.MemphisInvestorsGroup.com and click on thecalendar to find out more
- What steps doessomeone take to be a member of Memphis Investors Group www.MemphisInvestorsGroup.com
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TOPICS COVERED BY JO GARNER, MORTGAGE LOAN OFFICER
One of the greatest privileges of serving my clients as their mortgageloan officer over the last 30 years is to get to be on their journey to buyingtheir home. Sometimes I get to help them restructure on a refinance of theirmortgage. Other times I am with them fairly regularly as they buyincome-producing houses one after another. But with each transaction I get to know these clients—their hopes anddreams, the good times and sometimes sad times too. It is truly a joy and privilege to get towalk with them on their journey.
MARTINA-SAAVY REALESTATE INVESTOR-BUY FIX UP CASH OUT REFI AND DO IT OVER AND OVER
Let me introduce you to a savvy real estate investor we willcall her Martina. Martina was working a9 to 5 job, but everyday her heart was yearning to bike across Europe withfriends and sail into adventures around the world. She felt like Cinderellastuck in the drudgery of work she didn’t like with no prince, no fairygodmother anywhere in sight—no financial way out.
Some of her friends had started making money buying andselling real estate encouraged Martina to buy her first rental property.Martina thought, “If I could buy enough income-producing real estateproperties, after a while I could afford to jump into some of the adventuresI’ve been daydreaming about.”
Pushing down fear and calling up some chutzpah, Martinawent in with one of her real estate investor friends and made a nice profitbuying and upgrading a home are reselling for a profit.
Martina searched after work to find homes in stable areasthat needed quite a bit of renovation and repair. Martina sold her motorcycle and borrowedagainst her 401K. She used some of the profit from the last real estate saleand paid cash for a house at a discounted price that needed some repairs. Martina made the repairs to the home andrented the property at a nice profit.
Once the house is completed, she gave me a call to get aher permanent fixed rate mortgage approved on what I call my Quick Cash BackRefinance Program. Martina refinanced and paid back her 401k and pocketed someof the other profits. “Let’s go do the next real estate purchase,” she saidhappily.
Martina had a formula for success that she could use overand over again. Before long the life ofadventure that she yearned to live would be a reality little by little. Investors like Martina use this same QuickCash Back refinance program to pay back credit lines that they used to pay cashfor real estate. Once they completed the Quick Cash Back Refinance and paid offtheir credit lines, their credit lineswere ready to use to launch into the next profitable real estate purchase. Martina and her investor friends could usethis Quick Cash Back refinance programover and over again like rinse and repeat, rinse and repeat while Martina’sreal estate wealth and income continues to grow.
- I see investors using the 30-year fixed ratemortgage as a tool to create bigger positive cash flows because, as the rentalincome these investors receive each month continues to increase, theirprincipal and interest payment on their 30-year mortgage stays the same. The investor’s profit is the expanding marginbetween the higher rents they receive and the fixed, low principal and interestpayment that never changes.
With the high demand for homes in the current market and the shortage ofhomes available for sale, you have to know where to look to find a bargain inthis competitive market. You also have to know how to finance these bargainproperties since so many of the bargain priced properties are fixer-uppers. Ittakes a special loan to finance a home needing major repairs and renovation.
Give me a call and let’s talk about the property YOU want to buy.
- Hard money is usually money from private sources andnot through the bank or mortgage company. Real Estate investors tend to use hard money when they need money fastto purchase a home and renovate it but only need the money for a short time. Hard money tends to have a much higherinterest rate than the market rates and requires upfront cash to pay for theuse of the funds. To pay back the hardmoney, investors usually sell the home at a higher price after fixing it up andpay off the hard money loan at the closing and pocket the profits. If you are not going to keep the propertyvery long, hard money can be a convenient.
- Credit lines are great for temporarily gettingfunds to pay cash quickly for a home to fix up and resell or refinance afterrepairs are done to pay off the credit lines and pocket the positive Some of my investors have borrowedtemporarily on their 401k retirement funds, cash value on life insurancepolicies and they have used an equity line of credit that is secured on their primaryresidence or other properties.
If the real estate investor plans to keep the home for a good while forrental income, usually we work out a plan to for me to refinance the propertywith a fixed rate, permanent mortgage topay off the credit lines and private money loan so that those lines of creditwill be available for purchasing the next real estate bargain.
A The most popular and well-known real estatemortgage product is the 30 year fixed rate mortgage where the real estateinvestor who is buying a home to rent to tenants for income. They typicallyinvest a 20% down payment with some closing costs added too. The interest rate on the 30 year investmentloan is about 1% or so higher than the lower rate paid by homebuyers buying ahome to use as their primary residence. (And an important note—When you are buying a primary residence, you canget into a home with as little down as 3.5% or zero down payment. If you are buying a primary residence and not rental property, there is also nolimit on how many other real estate properties you have financed.)
Here is a story about what a first-time realestate investor can do. Niles Nelson(not his real name) owned his own home but wanted to start slowly with realestate investing until he could learn the ropes.
Niles found a house ina stable neighborhood. He did some research on Craig’s List and with hisrealtor and determined that the area supported a strong rental market too withrents going up about 5% per year on average. Niles paid around $114,000 –not abargain price since the value came in around $115,000.
Niles got great termsthough-a 30 fixed rate with 20% down payment. The principal and interestpayment that would never go up was about $ 455 per month and with taxes andinsurance added, the total payment was around $630/month. The rent income? Niles was getting in his mailbox every month$1,195/month. He had an almost instantpositive cash flow of almost $600 per month. Rents were going up about 5% per year and Niles figured the followingyear or the year following he could raise the rent and enjoy a $900/monthpositive cash flow.
B. Words to the wise onthe standard mortgage programs:
Be sure you keep someof the positive cash flow saved back because as you continue to buy real estateinvestment property, you will have to show more and more cash in reserves afterclosing to prove to the lenders that you can weather unexpected expenses onyour real estate properties.
Niles could have putdown only 15% if he did not mind paying a little bit in private mortgageinsurance. Niles could have borrowedagainst his 401k or he could have used funds from his home equity line ofcredit secured on his primary residence if he was short funds to put down onthe house he purchased.
On real estateinvestment loans, the borrower is allowed a maximum of 10 financed properties in his or her name. He or she can own a lotmore than 10 properties but only 10 financedproperties—not including commercial buildings. Because of this maximum financed propertyrule, Niles planned to get about 8 properties over the course of time andeventually pull some of the equity out of a few of them to pay off the rest ofthe properties completely so he could enjoy 30 year fixed rates on even more ofhis property purchases.
In a rising interestrate market, real estate investors are trying to buy properties right now usinga fixed rate mortgage while the mortgage rates are still relatively low.
A popular mortgagestrategy with my clients recently has been to refinance their home to includepaying off variable rate credit cards and the variable rate Home Equity Line ofCredit. Most of these homeowners had acquiredquite a bit of variable rate debt due to unexpected family needs and othersituations. Others were easily able tocarry the variable rate debt but were about to retire and did not want the rising payments thatcome with rising rates while they were on a fixed income.
What do YOU want to accomplish with YOUR mortgage? Whether you are trying to decide how to buyyour first home. Or maybe you arewanting to downsize or move up to a bigger home. You may be wanting to buy some rental realestate property.
Some of you want to take advantage of the low rates andhigh values right now on your home. Youmay want to refinance your mortgage to a lower rate and knock off a few hundreddollars off your payment each month. Ormaybe you want to lower the interest rate and knock a FEW YEARS off yourmortgage by shortening the term. Or, mayyou want to roll into one low, fixed rate mortgage both your first and secondmortgage, and some high interest rate credit cards
Make your plan. Let’s work your plan. If the deal works oryou today, let’s DO IT today. Connect with me at www.TNRDHomeLoans.com (615) 924-6215 This email address is being protected from spambots. You need JavaScript enabled to view it.
REAL ESTATE TIP OF THE WEEK (MattCates, president of Memphis Investors Group sharesa real estate related money-saving or time-saving tip): McKenzie Mortgage RD Loans shares tipfor homeowners taking advantage of refinancing to lower mortgage rate, shortenterm, or freeing up cash per month
ANNOUNCEMENTS:
Talk Shoppe offers freenetworking & education to anyone interested in real estate or in business.Talk Shoppe meets every Wednesday 9A-10A CT virtually on zoom . Go to www.TalkShoppe.com (shoppe) and click onthe Upcoming Events tab. The online siteto join us at Talk Shoppe is right there. This Wednesday June 1st2020 Mark McLaurine, the HVAC repairman and strategist from RefrigerationUnlimited will be instructing us on how to keep our air conditioners maintainedand working longer.
Talk Shoppe events arefree thanks to sponsors like Genell Holloway of www.healthbenefitsplus.org Genell is so happy to talk with you about YOURhealth benefits Contact Genell Hollowayat (901) 270-1127
Thank you Earl Leake ofEarl Leake Insurance Agency for making Talk Shoppe’s free education andnetworking available to our local business community. Talk with Earl Leake at Earl Leake InsuranceAgency today about YOUR business insurance protection. (901) 737-9352
4. Subscribe at www.TNRDHomeLoans.com and you can get our weeklyblog posts with podcasts conveniently in your inbox.
5. RealEstate 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 ONANYTHING YOU HEAR OR SEE FROM THE CONTENT ON THIS SHOW OR BLOG POSTS. THEINFORMATION WE SHARE ON REAL ESTATE MORTGAGE SHOPPE IS GENERAL IN NATURE MEANTFOR GENERAL EDUCATIONAL PURPOSES ONLY. ALL EXAMPLES GIVEN FOR ILLUSTRATIONPURPOSES ON REAL ESTATE MORTGAGE SHOPPE AND ARE BASED ON TRUE STORIES BUT WEUSE FICTIONAL CHARACTERS AND DO NOT DIRECTLY REFLECT REAL PEOPLE OR EXACTDETAILS IN ANY OF THE SITUATIONS.
QUOTE CORNER:
“Ninety percent of all millionairesbecome so through owning real estate. More money has been made in real estatethan in all industrial investments combined. The wise young man or wage earnerof today invests his money in real estate.” – Andrew Carnegie, billionaireindustrialist
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REJOINDERS:
- Greg and Kelly Inman of www.NextDayAccess.com (901) 617-4675 Keeping your handicappedand aging loved ones safe in their homes with wheel chair access, grab bars,stair lifts and more
- Bill Emmerling of www.VistaPoints.org (888) 422-4076
- EricEurich, Kaizen award-winning business coach www.ericeurich.focalpointcoaching.com
Transitional Music “Start of Something Good” by Daughtry; “Opportunities” by Pet Shop Boys; “Big Time”by Peter Gabriel; “Memphis” for the Look Back Memphis Trivia Contest
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ABOUT MATTCATES, PRESIDENT OF MEMPHIS INVESTORS GROUP
MatthewCates is a proud, born and raised Memphian. He graduated from BriarcrestChristian School and then attended Southwest Community College and theUniversity of Memphis.
Matt started investing in real estate in 2009 and since then has become amanaging member and/or co-founder of C 3 Realty LLC, Cates Capital LLC &Atkinson Acquisition LLC. He also has worked in his family’s promotionaladvertising business, Dennis Cates Advertising & Gifts, for over 20 yearsdoing graphic design and sales management.
He and hiswife, Emily Cates, are both active members of Covenant Baptist Church inCollierville. They enjoy spending their time having game nights withfriends, relaxing at the family farm, listening to way too many podcasts &traveling.
Matt Cates
Acquisition Manager
901-329-1724 Sellers
901-808-6908 Buyers
CALLERS: LYNN MCDONALD, GOLD SPONSOR OF MEMPHIS INVESTOR GROUP AND INSURANCEAGENT WITH ERIN MCDONALD INSURANCE AGENCY (901) 849-7101 (testimony for howMemphis Investors Group has contributed to her success)
Other complimentary mentions: Richard Scarbrough, realtor and real estateinvestor
Joseph Kirkland, attorney Closetrak Title company
Kevin Perk, real estate investor www.smarterlandlording.com
CALLER: SARAH SHEPHERD OF A HASSLE-FREEHOMES
I have been a member Of memphis investors group for thelast 15 years. It is a great group of like minded people. Most of usnever tire of talking about real estate investing.
Anytime I have a question or want someone’s opinionon a deal that i’m working on, I always reach out to a member of MIG.
I have bought houses from wholesalers in MIG. My companyhas leased houses for MIG members.
I have done a lot of business with the sponsors in MIGfrom buying rehab materials to using the closing attorneys.
I met my business partner in MIG and we have beenpartners since 2007.
Being a member of Memphis Investors Group has enriched mylife. I have many friends that we first met in MIG and see each other socially.
I highly recommend joining MIG. YOu will be glad you did.
Sarah Shepherd
Hassle Free Homes
ABOUT JO GARNER-MORTGAGE LOAN OFFICER:
WHAT DO YOU WANT TO ACCOMPLISHWITH YOUR MORTGAGE?
www.TNRDHomeLoans.com (901) 482 0354 This email address is being protected from spambots. You need JavaScript enabled to view it. twitter @jogarner NMLS# 757308 (currently working with SierraPacific Mortgage, Inc)
“Whatever YOUR personal priorities are, my job is to help youget the mortgage terms that will give you bragging rights when you talk aboutit and help you score on hitting yourgoals .”
As a mortgage loanofficer, 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 youfind 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 needto get the house you want to buy or refinance?
Different clients have different priorities inlife—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 along term goal of buying properties to build rental income.”
TNRDHomeLoans is a mortgage officer with extensive knowledge in tailoring mortgages toher customers who are refinancing or purchasing homes all over thecountry. 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 torefinance, how to get the best deal on your home purchase financing.
McKenzie Mortgage RD Loans has beenin the real estate/financing business for over 25 years. She got herstart in Portland, Maine where she first began her real estate career. Shereceived 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 andThe Challenge.
On moving back to West Tennessee in 1987, she went intobusiness buying and selling discounted owner-financed notes secured on realestate. In 1990 Jo went to work for a residential mortgage company andhas been a mortgage loan officer for over 25 years. Her goal is to offerexcellent, affordable service to her customers, tailoring theloan programs to the specific needs of her clients.
In addition to her work in the mortgagefield, McKenzie Mortgage RD Loans is the primary sponsor and founderof Talk Shoppe in Memphis. www.TalkShoppe.com TNRDHomeLoans also host the radio show Real Estate Mortgage Shoppe airing on NewsRadio AM 600 WREC and iHeart Radio with podcasts and show notes published on www.TNRDHomeLoans.com
