Welcome Home with Monique

Announcer 0:00
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Monique Buchanan 0:40
you have the king Happy Saturday Las Vegas. It's Monique Buchanan, the host of the welcome home with Monique show, and I have none other than my co host, Miss Becky coynes, here with me. Hey, Becky. Hey Mo, how are you? I'm excited. I know that's right. Girl, we got a lot to be excited about, don't we? Yes, we do. So guys, we're gonna jump into the show. I've got an amazing guest that's going to join us as well. You guys always hear me say I can assist you, not only here in the Las Vegas Valley, but all throughout all 50 states, as well as 24 countries. My brokerage is in 24 countries. My team members and colleagues are in all 50 states. So the young lady that's going to join us, she is out of North Carolina. We're gonna we're gonna go ahead and have a chat with her about her market. Let her talk to you about the property that she just closed on with one of our none other than KU m v listeners here out of Las Vegas decided to buy out North Carolina. But before we jump into that segment, really quick, Becky, I am humbled and grateful to say that me and my husband are closing on yet another investment property Monday.

Becky Coins 1:55
I know it happened so fast. I'm so excited, so

Monique Buchanan 1:58
excited. I feel so blessed so many things happening and so and I'm bringing that up not to brag you guys, but just to tell you, listen, I don't just talk it. I walk it. Right? Yes, ma'am. Why would I be purchasing properties right now unless I knew it was a good time to buy we keep telling them, right? We all know that the rates are about to start coming down. They've already trickled down a bit already, you guys and our phones are blowing up with buyers right now, yes, which is a great thing, because, you know, that's good, but this is kind of what we warned them about. So I feel like it's the sweet spot right now. You know, it's before it gets too crazy with buyers that right now, if you go ahead and get that ball rolling, you're gonna beat the rush, all right. But before I go into that, because, you know, I'm about to get ahead of myself because I'm excited. But excited, but yeah, so we're closing on our our one of our investment properties. It's here in Vegas. It's not out of state, and we're pretty excited to get it going. Our process is going to be to throw it on Section Eight, because that's guaranteed payments, right? And they're in dire need of people like yourselves that are listening, that have good credit, that have, you know, a couple dollars saved in the bank where they can put down those you know, funds to go ahead and purchase an investment property. Remember, we have a loan where they won't even look at your personal income at all, not one bit as long as a property pays for itself. Like the property that I bought, I can rent it out for $2,000 a month. Well, my mortgage is only 1500 therefore they didn't have to look at any of my paperwork, my bank statements, none of that. All you need is 20% down. You need at least a 660 credit score, right? And the payment the property has to be able to pay for itself is that a great deal to port like build your portfolio. And guess what? Guys, we can do this in all 50 states. And with that being said, keep that in mind. As retirees, you can, you know, do this in all 50 states. So with that being said, I'm going to go ahead and introduce none other than my other Miss Becky. Miss Rebecca from North Carolina, Hi, honey. How are you?

Rebecca 4:02
I am doing amazing. How are you?

Monique Buchanan 4:04
Well, we are doing fantastic, because we are excited about everything that's going on here, you know, not just here, but in the in the real estate market. And I want to say thank you for taking care of Mr. Means I know that you guys are closing on a beautiful home out there. He sent me a picture and said, Monique, thank you so much for connecting me with Rebecca. She is super professional. She knocked it out the park. In fact, we are closing early, I think in under 30 days, three weeks, you guys are closing on his property. He's a veteran that's moving from he's being stationed in North Carolina. He called me right up and said, Monique, you know, I listen to you all the time. I trust you. I know you're gonna get me in good hands. In which I did? You know what I mean, I got you with I got him. I'm sorry, with you. You took good care of him. Now he can have some some peace in knowing he's got a beautiful home to come to up there in North Carolina. Closing, what on the 22nd Becky,

Rebecca 4:57
yes, on the 22nd of sister. For, yes, we're super excited about his closing. You know, it's always scary when a buyer is buying a home and they haven't seen it yet, right, right? Because there's a lot of anticipation that builds up. But I think we hit this one out the park with when he was able to, you know, they found me in we did a virtual showing. And the great thing about it is there was already a previous contract on the property, so we were able to actually get the inspection report, review that with him, and see everything that he wanted. And here's the thing, we were able to negotiate strongly, negotiate for the seller to actually make all the repairs that he requested. Isn't anything that is amazing, especially in this market. What you see is a lot of people are, like intimidated, because they don't know if they're going to be able to get a good price and get the repairs that they're asking for. But with people like you and I, Monique, we're going to negotiate for the best interest of our clients, right, right? So the great thing about it is we were able to negotiate for him to get a great price as well as get the repairs done that he requested. So super excited about that, super excited to be able to help him that way.

Monique Buchanan 6:12
Yes, well, you know, I knew I was putting him in great hands with you, Rebecca, and I thank you for that, and it does give the buyers peace of mind, right? Becky, yeah, especially when you're a first time home buyer,

Becky Coins 6:22
oh, yeah, they're always very, very nervous with everything. And I can't imagine, I think, in this day and age, though, being able to do that kind of thing. Could you imagine, like, 30 years ago, trying to buy a property out of state? Now you have all of these tools. We can put you up with some of the best people. We've got virtual showings, like Rebecca just said, you can still look at the property, and it can be a lot less nerve wracking.

Monique Buchanan 6:42
Yes, and I love what you pointed out is that, hey guys, we have fancy phones nowadays. Okay, there's me. You know, most of my clients that are out of state, like Rebecca said, too. I've got a lot of out of state clients, and what I'll do is I'll break out the old iPhone, or I'll call them on Facebook and we'll do a virtual like you said, tour. We'll just walk through and it feels like they're there. So they're getting to see and then I'll point out which I'm sure you did, Rebecca, point out little things that maybe they're missing, like, hey, there's a lump in the floor as I'm walking, you know? So they kind of know, but it's just a blessing to have somebody that you trust, that you know, it's boots on the ground. So you do feel comfortable, right? Right? And that's what you are, Rebecca, boots on the ground in North Carolina. Now, what area do you serve? What area out there, can my listeners get some service from you for

Rebecca 7:27
Yes, oh, thank you so much. So eastern North Carolina, anything east of Raleigh, we can definitely service that area, and we partner with a team of different inspectors and different vendors who can definitely make any repairs that are necessary. We don't fear, we don't, you know, jump away from any repairs that come up. We can get anything fixed. Anything can be repaired. Anything can be retreat treated. So we work hard for our our eastern North Carolina clients, and anybody that comes into this area. And we're seeing a lot of people coming from all over the world, like from Vegas, from larger populations, because our market is below the national average. Our average sales price in that area, in eastern North Carolina is under 300,000 Believe it or not, usually that is under 300,000 so you can get a standard three bedroom, two bath room home for under 300,000 and people are like, hey, look, I can work from anywhere. We have so many people who work from home. There are remote workers. And they're like, I don't work from anywhere, but I want to live where I can live the worst by me and still live comfortably, because you don't want to be house poor. So we specialize in just definitely identifying the needs of our different clients and being able to match their needs with the right property that they deserve. And then you guys

Monique Buchanan 8:53
actually get a lot. So our average square foot out here, we go by square foot lots, our average square foot out here for the regular home out here for one our price point is at a at about 450 and then our, our lot size is about 5500 so that's not a whole lot of land, but out there, you guys get a little bang for you, a lot of bang for your buck. So give me a give me what I would get. Rebecca, Rebecca, give me what I would if I was buying at 350,000 what would that look like for me? Lot size and how big the house would be in your area?

Rebecca 9:28
In our area, 350,000 you could probably get you a four bedroom, two and a half bathroom home with a two car garage, and your lot size will probably be somewhere between a third of an acre, you should get a lot of bang for your book here in eastern North Carolina, that's, that's one of the things that I absolutely love. And I see a lot of people who reach out and communicate a lot of referrals that you see in you know they're they're wanting more bang for their money. They won't want to see more of their money be able to share. Fridge and eastern North Carolina can definitely service that type of client,

Monique Buchanan 10:03
yes. And if you're retired and you're on a, you know, a fixed income, listen, okay, you can go ahead and move out that way and just enjoy the, you know, the beautiful areas out there. I love what you're telling me about these properties out here that they're, you know, for 350 you get that, that, um, you know, bang for your buck. But can you tell my listeners around like, how much would that cost them per month? Just, you know, on average, obviously, a lot of things go into that, but on average, how much would your payment be on a $350,000 house out there in North Carolina?

Rebecca 10:35
So payment, and this is principal interest I'm talking and we're talking about less than 220 200 that you're looking at on a monthly basis. I mean, how far can that go out there

Monique Buchanan 10:46
for 2200 2200

Rebecca 10:50
I mean, people are paying that in rent for one bedroom apartment, and people are able to buy a home and actually maximize on the space and the customizations and different things like that that really helped them to just find a home and be at home, right, right. So people are seeing and even with our HOAs, our HOAs are not massive. So how much average like on average, my skill average like 350 bucks a year a year year, a year. Did you say a year? Oh, my goodness, a year.

Monique Buchanan 11:27
Okay, now tell me if we were to buy something out there, because I know there's some investors listening to not only my retirees listening or just people that are thinking about moving out of the state and trying to figure out where they want to go. How what is the nearest airport. How far is the major city? Like? Where, where? Give me some cities that you're actually servicing.

Rebecca 11:47
Okay, so major cities. We're talking Raleigh, North Carolina. We're talking Greenville, North Carolina, Raleigh, North Carolina is from me, is an hour. So I have clients all the time who are working in Raleigh, and they actually reach out to me, and they're like, hey, look, I want to find something within, I'll say an hour and a half from my city, because I want to save money, because the major cities oftentimes are way more expensive, right, than the smaller cities, right? So they're like, Hey, I'm willing to commute so that I can save money, and they're even able, because they're coming from larger cities, like we're talking like New York, bigger cities where it's taking them hours on the metro to get back and forth from home. They get down here, and they are able to get to and from work within 20 minutes, or an hour and 20 minutes, and they're just like, hey, look, we rather take this and they get more house for their thing, for their book. So hey, look, we are having people come down here and leave live like kings and queens

Monique Buchanan 12:51
in the south. So what about you said rally, and what was the other city? The How far is the other city?

Rebecca 12:56
Greenville. Greenville, North Carolina. That's where I'm based at out on Greenville. It's about an hour and a half from Raleigh, which is the capital of North Carolina, and a half from the coast. Greenville isn't right where I am. Like, that's where I'm.

Monique Buchanan 13:11
Oh, so you're, you're, so you're currently in Greenville,

Rebecca 13:15
Greenville, North Carolina, correct? And so I'm right there in a happy medium, right there between the coast and the capital, right,

Becky Coins 13:22
should I say? And how far from that coast,

Rebecca 13:25
from the coast, like an hour, maybe an hour from the beach. So, so we have people that move to our area and retire in our area, and they also love to invest in our area right now with a lot of people are as popular is the short term rentals. We have a lot of colleges and people who come in and fly in argue is our, you know, mainland, but our main airport that's International. But we have so many different other opportunities, such as Greenville. Greenville has a local airport, and New Bern has another airport as well, so people can get in and out pretty swiftly. And, yeah, they have, we have a lot of investors who are coming and looking in those areas that are growing. I know in my city alone, Greenville, we were, a couple years back, we were listed as the number one city for growth and relocation, because the population is right under 100,000 so you know, when you hit 100,000 you become a metro, right? Okay, metropolitan and so different, you know, companies and things like that are flooding our area in eastern North Carolina because they see the potential

Monique Buchanan 14:34
best time to get in now, right? So if you're just tuning in now, yes, and if you're just tuning in, this is Monique Buchanan and Rebecca coynes, and we have none other than Miss Becky out of North Carolina, Greenville. She is part of the Welcome Home Team, and she just got through selling one of our listeners a beautiful home out there near Greenville as well. If you're interested in talking to her or thinking about possibly moving out that way, you can. Give me a jingle at 7029 84, 3700 702984 3700 I am Monique Buchanan. I am a local Las Vegas realtor here, but can assist you in all 50 states and in 24 countries, if you are thinking of relocating. Just last week, we had none, none other than my guy in in Mexico, Robert who is licensed in Mexico as well as Las Vegas. So yes, you know that you can trust if you're gonna move out there, you've got somebody, once again, boots on the ground. I've got you covered, no matter where you're thinking about moving. So if that's the case and you need a little guidance, 7029 84, 3700, my website is welcome home with monique.com and so is my YouTube channel. So yeah, you're giving us a lot of great information. Becky, did you want to ask?

Becky Coins 15:47
Yeah, where is, how far is the University of North Carolina from where you're

Rebecca 15:51
at? So we have, we have several universities. We have several state universities. Most, most people know about Duke, right? Yes, university and NC State, they are about an hour, hour and a half from where I am, in Greenville, North Carolina. So you

Becky Coins 16:11
really are just like, in the central, center of everything. You've got retirees, you've got college, you've got, like,

Monique Buchanan 16:18
no one of the investors are pouring in. I'm looking at like, listen, I was thinking I was gonna buy in Mexico, but Robert, I don't know, let's have that combo. Yeah, absolutely. Let me close on this one next week. Now, I ain't made money now, still driving my old 2014 Lexus.

Rebecca 16:40
You can get those loans that you're talking about, you are you can, you know, made of money, but now, but you will be, I mean, I love it. Are important you're listening,

Monique Buchanan 16:49
right? You make a good point, because you don't have to be made of money for those loans. I'm glad you brought that back up. I keep trying to tell my listeners. A lot of my listeners, uh, Rebecca, they're like family me. So I just talk to them like cousins. So a lot of them are retired. You know, a lot of them are sitting on a nice little pension. They're doing well. They already own their home. But a lot of them are thinking that, you know, I'd sure I'd love to have a little extra money coming in, besides my pension, but I can't afford it. But yes, you can because, like you just said, it does not matter how much money you're making on your pension or how stretched you are with however many properties you own already, once again, you just need the credit, the down payment and and the fact that that property, what you're looking at, can pay for itself, and you can get as many properties as you Want. So yeah, and if you want more information on that, 702984, 3700, go ahead. Rebecca, you were saying something, honey, I cut you off. Go ahead.

Rebecca 17:49
Another thing for people who are moving to our area, who are retirees, we have a lot of down payment assistance programs, believe it or not, for first time home buyers, because we have a lot of people who who who actually retired from the military, and they come to our area, they haven't even bought a home yet, and bit and maxed out on their VA benefits, and we try to educate them on those opportunities and how they can start actually building wealth through living

Monique Buchanan 18:14
and how they could have started 10 years ago. I'm sorry. No, they could have started. Why are you waiting?

Becky Coins 18:21
Why you don't know what you don't know?

Monique Buchanan 18:25
Yeah, but they, some of them do know, but they're like, Oh, well, I'm gonna be deployed, or I might only be here for a year. Okay, so we, after a year, we'll rent it out and continue to let it make you

Becky Coins 18:34
money, but sometimes you can only use it once, and so they keep holding on to it and scared. They're so terrified,

Monique Buchanan 18:41
and that's what the show is about, breaking up the myths. Very good point. Rebecca, yes, call you Becky, and I'm talking to Rebecca in North Carolina, but yes. So if you guys are, are out there, and you, you know you're, you've been in the service, you've got that VA benefit that you're not using, or even, God forbid, you have, you are a fallen spouse, right? Your your, your spouse has fallen, I should say, and and thank you for their service, and that's horrible. But did you know that you can still he, could he or she can still bless you with that benefit, and we know how to put you in front of the right people to get that benefit going so that your spouse is still blessing you today. Yeah, but yeah. So that's the truth. You can use it more than once. There's no need to hoard it.

Becky Coins 19:24
Someone they get so scared, like, oh my gosh, I'm gonna make that wrong decision. I'm gonna use it up on the wrong property. But that's not that's not true.

Monique Buchanan 19:31
Yeah, speak on that. Becky, I know you deal with a lot of that out there. There's a lot of military, right?

Rebecca 19:36
Yes, yes. So in terms of that, like, people don't know what they can't leverage, right? If they don't just reach out and ask the question. So what we end up doing is we sit down and have, you know, a conversation and talk about what their options are. The beauty in that is a lot of people don't realize they can actually build generational wealth through that, and so we talk through their options to be able to build that. Generational wealth and pass along these properties that their families can live off of for years

Monique Buchanan 20:05
to come. Right? Right? Absolutely, I always talk about, I'm so grateful for my my parents, you know that had a paid off house, so now my my grand, my granddaughter, my daughter, you know she can take a year off and say, You know what? I'm going to take a whole year off and just go back to school and I'm going to go live in my Big Daddy's house, because it's paid off. And there's, I mean, that's that you know, that is pivotal to be able to do that, and be able to not be stressed out about money and focus on your studies or do whatever it is that you want to do for that year, two years, three years, whatever it is to help you, because your grandparents made sure to build generational wealth. And hey, God forbid, I always I use John Q, God forgive it. You know, I know it was a movie, but I always tell them this too, uh, Rebecca, I say, Listen, things happen, unfortunate things. Now, if you're a renter, you have no assets to leverage, but if, God forbid, something happens where you need to be able to obtain $100,000 for medical reasons, for your child, your grandchild, or whatever, you can pull money out of a home you have an asset, equity out and bless your family with that money to save their lives. But if you are a renter, you will look very much like John Q in that movie where he's got stuff out as a yard sale trying to come up with that. You're not gonna be able to come up with that kind of money. Nope. But you need to have assets, right? Yeah. So I love

Rebecca 21:25
that best way to build that asset, asset, right? It is, and we

Monique Buchanan 21:29
have a lot of down payment assistance programs out here as well. You know, yeah, we have the zero down programs. Our veterans, they have zero excuse, because not only do they have zero down they also get a lower rate than the general public. Off the top, which they should they earned it. They deserve it. Take advantage of it, right? But we also have people that are not veterans. You know, we have zero down programs. All you need is a 660 credit score. If you need help with credit we've got somebody that will help you with that. We have some programs that are all the way down to 620 credit score zero down and right now, and you tell me it's the same in your market right now, we are getting closing costs paid by the seller for the buyer all day long. So when you buy a home, you've got your zero down payment being taken care of by the grant, right or the program, and then the rest of your cost, we are negotiating and getting the seller to pay for you. That will go away as early as possibly the 17th of this month, because that's when the feds are meeting. And there is big rumor that they're going to lower these rates, and that's going to actually hurt a lot of people, because once they lower these rates, nobody's giving you a dime, nickel, Penny. Nope. You hear me, because

Rebecca 22:41
when the race drops, when the race drops, so many other buyers are able who are once not able to enter the market, they're able to enter the market and fully take advantage of those interest rates that they want it weren't able to. And what that does is that petition that potentially will raise prices. Right? Because as the mind, as demand increases, prices typically follow. And what that does is now what when you were waiting for the rates to drop, you were at a lower price range, but then you the rates drop, but the price points go up, so you're right back, in some cases, even at a higher payment than you would have been if you had just bought the house when you initially thought that you should have

Monique Buchanan 23:22
and absolutely. And let's not forget, not only do the prices go up when these rates go down, but guess what else, Mr. Seller is not helping you with a dime, nickel, Penny and with nothing, nothing, he's not going to give you a dime. Why would he? If I know that, I've got five or six people behind you that now. They've been they've been sitting here for two years saving all their cash, and they're coming, they're paying over what I'm asking. They're waiving appraisals, like they did in 2019 and now you, you're over here needing money. Oh, you need money. Oh, you're not getting a dime, nickel, Penny. I'm going to pass you right up and go to people that are willing to overpay or that are not asking me for a penny. So listen to me, people, if you're out there, if you are out there and you have at least a 620 credit score, okay, you've been on your job for at least two years, any job, even if you switch jobs, doesn't matter. You listen, the number is 702984, 3700, guys that the time is running out. The 17th is in a couple days, and once those rates drop, let me tell you, they dropped one point. My phone was blowing up, blowing up and Becky, am I telling a story?

Becky Coins 24:30
No, you're telling absolutely

Monique Buchanan 24:33
and half a point your phone. I was gonna say and a half a point it was ringing, but I need it to ring now, while we're while we're still able now, before the daggone rates go down and then, boom, everybody's jumping in the water. But these people that are jumping in the water, they've got money. They've been saving. So if you, especially if you don't have any savings now, I mean, you need to have some savings a little bit, but if you don't, you know you're gonna need a little help. So you don't have time to spare. That's all I'm saying, right? Am I? Am I telling the story? Okay? Am I exaggerating? No, you are not. No. So I, you know, I keep trying to tell even my friends and family that live here in Las Vegas, if you want to continue living here or North Carolina, or anywhere, by the way, down payment assistance, she can help you out. Becky can help you out North Carolina if you want to move out that way. It's not limited. It's pretty much all 50 states have it. So we can help you with the down payment assistance. It doesn't matter what state, okay, so you, we can help you. I wish I had more time. Rebecca, you were amazing. Thanks for sharing all the information about having me. Yeah, tell us again the cities that you service,

Rebecca 25:40
eastern North Carolina, anything east of Raleigh and west of the coast,

Monique Buchanan 25:45
and you're and you're in Greenville, you're based out of Greenville, Greenville, North Carolina. Yes. Okay, all right, so you guys heard it, there's one, another one of my team members. You hear she's a true professional. She's also an icon agent like myself. You don't get there easily. People you don't. So just so you don't, just in case you don't know, we're 94,000 agents strong with our brokerage exp, and only the top 3% become icon. Becky is icon. I've been blessed by all of you listeners to become icon with this brokerage as well. So I'm only putting you in the best hands. Okay, I'm referring you to the best of the best. So if you're thinking of moving in any 50 states of beautiful America, or in 24 countries, you can always reach out and let me get you a true professional 7029 84, 3700, you guys. Thank you so much for today. Thank you. Mo, thank you. Thank you my two beckies. I told I got Becky with the good hair and my my Greenville Becky. All right, you guys, have a blessed Saturday. We all hope to hear from you soon. Thank you for listening. Thank you for listening. Please remember all terms discussed are simply an estimate. My license number is S 1788, 46 my phone number, if you'd like to contact me, is 702-984-3700, you can also find me on YouTube.

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