Welcome Home with Monique

Unknown Speaker 0:00
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Unknown Speaker 0:37
Good morning. This is Monique Buchanan, the host of the welcome home with Monique show. And on this show, I talk all things real estate. Listen, I want to thank you for tuning in. Well, hello, Las Vegas it is Monique Buchanan, the host of the welcome home with Monique show and I have yet again, a another good show for you today. Listen, guys, we're gonna take it on back to the basics. Okay. Because, um, you know, we sometimes we have to break up myths that are out there when it comes to purchasing homes. A lot of people have these unfortunate myths that they've heard you know what I mean? For one thing, I want to break up one thing real quick, before we even get started with that I want to break up this whole thing that everybody keeps saying, Oh, it's not a good time to purchase a house right now. Listen, when you hear big banks, investing $50 million into purchasing residential properties.

Unknown Speaker 1:28
I would think that it's probably a good time for you just snatch up your property as well. Right? Right. So that's what's going on you guys. Just like Warren Buffett said, when there's blood in the streets, it's time to you know, there's money to be made. And that's there's not blood in the streets. But listen, there's great deals in the streets right now. So that's what I'm doing. I am educating as much as I can my listeners, and my fellow friends and family, letting them know don't listen to that. It is a great time to buy right now. A phenomenal time people are like, Oh, well, you know what? I'm going to I think the prices are going to go down. Why would you think the prices are going to go down? We are projected to have 50 million more people move into Las Vegas within the next 10 years or so? Why would the prices go down? We also are looking at having Sony Sony Pictures, and how we're used, they've already broke ground on a studio, we're gonna have a little Hollywood here soon. Our city is thriving and growing. Our prices, as long as far as I think are not going to come down, they're actually going to go up. Especially if you're one of those people that are thinking that you're going to wait until the the interest rates come down. Guess what you're not in that boat alone. Everybody's thinking that. So when those interest rates do come down, and they are projected to come down within the next 18 months, you will be one of millions trying to hurry up and buy. But guess what, just like I always kind of correlate it to the Black Friday sale, you're going to be stuck with getting whatever's leftover. You're going to overpay for it because now you have competition. Right? You'll have no wiggle room with the seller. They don't have to. So that's what I'm telling you guys right now. Let me get you with my lender and do what we've been doing with the majority of our buyers right now, which is doing a buy down, I am able to negotiate. closing cost. Listen, I had seven escrows. Right now I'm closing seven escrows. All of them got closing costs you guys. So closing costs, I can take that money and have my lender buy down my clients rates. That's why it's imperative imperative that you have a realtor that is good with negotiation. And that is educated in the current market. Okay, like I've told you guys before, there's 15,000 realtors, there's many realtors out there, everybody has their license, okay doesn't necessarily mean that their expertise or know the current market, because you can have your license and let it sit for many years and not close a deal. Did you know we'll start with this, that the average realtor only closes three to four deals a year, you guys, I have already closed over 3030 30 properties just this year, okay. And I have a team, they also closed properties. So unless your your realtor is working and actually closing deals within that year, like they're actually active, that's how they know what's going on. Because this market changes every it can change within a couple of weeks. It can change we know that right? Soon as the Feds raise the rates last year, what happened? The market slowed down tremendously. But if you haven't sold a home, you know, and you don't know that then you're over here, you know, offering extra money for your buyer when you don't need to. Because you don't realize that the market has taken a ship even within one month because you're not actively in the market. That's why it's imperative that you have a realtor that is active, that is selling properties. Don't ask a realtor. How long have you had your license or how long you've been a realtor? That's not a good question ask. Instead you want to say how many deals have you closed within this year that will Let you know just how active that realtor is. But anyways, let's go ahead and jump on into the show you guys. Real quick Did you know that if you have been renting your property for the past three years, you are considered a first time homebuyer does not matter that you purchased property years ago, if you have been renting within the last three years, you are considered a first time homebuyer that is monumental for you. Because now, you only have to put down 3.5%. That's right. The only people that have to put down 20%, you guys are investors, or if they don't have, you know, like social security numbers, sometimes they have to put down 20%. But you do not have to do that. The reason people say, or want to do 20%, besides being an investor, or besides not having a social is because they're trying to do are trying to get rid of I should say what's called mortgage insurance premium or PMI. So what that is, is usually a couple extra $100 on your payment per month. Because whenever you don't put 20% down, you must ensure your own loan, basically, you've got to pay for that. So here's a little tidbit for you. You don't need to do that out the gate, you can if you have the funds, by all means do it. But if you don't have the money, don't worry about it, put the 3.5% down. And then in a couple of years when your property has gained 20% interest, you can then drop that same PMI Okay, so let me give you an example. I sell you a house today for $100,000. All right, couple of years, the property is now worth $480,000. Guess what, make a phone call, get an appraiser out there if you're conventional, and get rid of that extra $300 a month, just as simple. So you don't have to come up with 7080 $100,000 you know out the gate, you can just go ahead and start with a 3.5%. Let me give you a story actually a true story. I was in escrow and I sold a property to one of my clients. That was November of 2021. He bought a brand new house with me, we bought a beautiful Brand New Richmond home. And by the time he got keys, which was in April of 2022. His home is already appreciated 20%, you guys. And what did he do? bought the house at 3.5% down. And then when he got the property, he would have had paid the $500 for an appraiser to come out. And now his payment went from at the time $1,800 All the way down to $1,500. That was his mortgage because he gained the 20% equity while he was waiting for that brand new home to go ahead and be built. So you don't have to put 20% down is the point of this conversation. All right. Did you know that you can have multiple people on the loan? So if you've got mom, dad, son and husband, or son and husband, whatever, yeah, son and husband, or son and wife, whatever. Multiple people can be on the loan, you guys. So keep that in mind. It does not have to just be two people or one person. So that's something else I want you guys to know. All right. So you can rent out your current property if you already own a property. That's what I'm doing right now. I just actually shots out to miss row, Lena Wimbush. Congratulations. I just sold the property that I sold her a couple years ago. It was her first home, we sold that. And then she moved into a much bigger home with a pool in the works. Okay, we just sold that property. And I just closed on her house yesterday for her new home. So she's so excited. I'm so excited for her. Congratulations. All right. So listen, that's something you can do. You don't have to sell if you don't want to sell it, you can build your portfolio, rent it out, right? average rent is $2,400 a month for a regular house, right? rent it out, go ahead and put 3.5% down on the next house or even 3% You can put as little as 3% down on the on the next property you guys. And did you know the downpayment grants that we have and that we utilize, you don't have to be a first time homebuyer, I can sell the property or in right now let's say you just bought it and you're not going to make that much money on the property. So you still need some money to buy another property, we can do that I can close the deal, sell your property. And then we can move on and use a grant for the down payment on the next property. So there's so many things you know that you can do. If you have a educated realtor and a team. Like I do a lending team that's out of this world. You guys have heard him before on the show, a lending team that knows how to do these deals, it can happen. If you are a home or I'm sorry, a business owner. You can also purchase a property with my lender, he can walk you through this. You don't have to if you're having tax issues or you haven't filed your taxes, you can do a p&l statement loan, okay. So you can we can go off your p&l, your profit and loss. Or if you're a bartender, you're making killer money, but obviously, a lot of that money is not on paper. I can assist you listen, I used to be in the service industry. I used to bartend I used to be a cocktail waitress at the Suncoast the orange liens. All right, so yeah, shouts out to my service industry workers, we can get you into a home, you guys, I know how to do it, me and my Tim team, we know how to do it. And that's near and dear to me because obviously, I used to be in that business. So we can assist you, we can do bank statement loan, so start putting some of those tips into your bank, but I can walk you through that with my lender. Okay. And just for all of you that don't know, I am a real tour. Okay. So the way we the way things go is when you call me, I'm happy to assist you, give you answers help you out, get you to homeownership. But, you know, I am a realtor, I will represent you on the real estate side. So I'm going to ask you, Hey, are you working with a realtor right now? I don't step on my colleagues toes. You know, I'm not into that. So if you're working with a realtor, right now, you can take what I'm telling you, and go on back to your realtor and say, Hey, what about this? I heard this on Monique Buchanan's show, can you do this, you know, so hey, there you go. But if you do not have a realtor that you're working with 70298437007029843700 If you're just tuning in, I am only Buchannan, your local Las Vegas Real tour, I list properties, and I will help you purchase a property. Okay, so now let me jump right back in and then we're going to wrap this up. I also want to talk to my veterans out there. Listen, don't sit on that benefit put it to put it to work. Even if you say, well, Monique, I'm going to be you know, I'm probably not going to be here for maybe a year. Let's go ahead and make equity for that year instead of renting and walking away with hopefully, a security deposit. Don't walk away with a security deposit of $2,000 when you could walk away with equity all the way up to $200,000. Right? And take that wherever you're going. So veterans, did you know that you get a tax break? All right, a tax break when you purchase in many cases, you will get a tax break. So when you buy a brand new home, or any home, your payments going to be a lot less than the normal folks. All right, we want to say thank you for your service. Also, there's no limit on how much you can purchase as a veteran. You do not have to have top tier credit as a veteran. Even if you have a 600 credit score. We can assist you. All right, I have a team. You can make multiple purchases with your benefit, not only once Okay, so listen, I am your resource. If you have questions, I'd love to help you, me and my team. We are here to assist. Once again, I'm going to drop that number for you Don't worry, I say at the end of every one of my shows 702-984-3700 This is your home girl, Monique Buchanan Okay, guys, we're gonna pivot a little bit because it's that time you guys know that I like to bring on a nonprofit, you know, and give back and highlight I should say, those who are giving back to our community. And I would like to introduce you to miss I Nolen getting to whom I have personally witnessed the way they have changed lives and, and just helped so many people over that 10 year span. She originally started the nonprofit. It all came about when she opened up her beauty supply store and was the only one in the valley that that went ahead and made a private wig room for her cancer patients. Okay, so that just shows you like she has a just a heart for people. I know her personally, she is one of my best friends. I love her dearly. We've been best friends for over 20 years. And she's always been like that you guys, even when we were in our 20s and I was over there shaking a tail feather. She was saving all her her you know, money to try to help people she brought her entire family over from Africa, Ethiopia. And let me stop talking about you. I guess I can let you tell your own story. Hello, I knowledge.

Unknown Speaker 13:51
Nine Monique, thank you so much. Yeah,

Unknown Speaker 13:54
well, listen, let me go ahead and continue to brag on you. Do you mind if I tell them a little bit about you? Okay, well, let me go ahead because I've got plenty to say because I know it's true. So when we were in our 20s You guys like I said I was young. I was doing my thing like a lot of y'all were too don't look at me crazy. I was shaking the tail feather in the clubs and having a girl time. Well, it was we used to do cocktails together. And I remember she would save her money. And she would not spend her money and she would pay for lawyers for her family to come over. She did it you know got them over here from Ethiopia. Every one of her family members she brought over on her own dime. And I remember she was the first one to introduce me into real estate because even when we were 2021 22 She bought her first condo over in Summerlin, I remember this it and that condo is the reason that her mother ended up living this. Her mother got very sick, and she sold that condo and that is what gave her the means to put her entire family up in India. And I know we're getting a little off track but I just want to tell them who you really are. So she took that money that she made from her equity in the condo, how much was it only like 200,000, I believe, what did you make off that condo air first property. And when it was over 100,000 over 100,000. And I remember she put her family up in New Delhi because her mother was sick and needed needed help in the in Ethiopia did not have the means. So she had to take her entire family and put them up for a whole year over in in India, in New Delhi. And she did that to have the means. Because she used her equity that she sold her condo. And so that that equity saved her mother's life. Am I right? It?

Unknown Speaker 15:39
Yeah, thank you, honey, I really appreciate you supporting me, you know, just all this years and training and just being there by my side and just you've been like the sister that, you know, everyone should know what it's like to have. Yeah,

Unknown Speaker 15:53
I always I always tell you that. Listen, it listen, I know say you're here. But in Africa, when you were born, you were born as my sister. So and I'm proud to call you my sister. And you know, I've witnessed your beautiful heart all these years. But anyways, you you shut down the beauty supply store because your passion was in giving an assisting. I mean, it like took over your whole life. I know you just you were just so honed in I remember at one point, you are giving your own money from the beauty supply store into the nonprofit, right? And you decided to hey, you know what, this is where my passion is. And you shut down the Hollywood hair and beauty and started angels of Las Vegas, your nonprofit, right? Yeah. Yeah. And that was a big deal. Because listen, you were making it, you're making a pretty penny selling, you know, hair and beauty supply. Right?

Unknown Speaker 16:49
I know, when my business was I that was my always my dream to do business. And as I go on my gostoso was going through cancer, and I will always want to do business. And I when I went to beauty supply store, I couldn't find private label. And I was like, wow, it's like, take it or leave it, you know. So that's what drives me. I've never thought about opening and process, I opened up the beauty supply store, I was in the same shopping center with Susan G. Komen. And I was like, okay, you know what I can give, I can do all the things and as I go on site giving the wigs and I want to do more, and my guess is that was in the remission. And when she passed away, it was just like, oh my god, you know, so I wanted to do more. Doing the toy drives, you know, always community events, we succeed people and just having so many community events in front of the store. But after doing this 10 years, I got so involved. And you know, I said, you know, my heart is no matter how much money I make, like when I'm happy is during the holiday time when we do a toy drive, going to the hospital, given the toy and you know, doing the food and everything. And that's just what makes me happy, just hard to explain that you know what you actually do when we sit down with him? I just lost my passion in the store. So it's all yours. Like, I need one just to sit down and just remember, yeah, and I was I have your heart. Oh, that's what I did.

Unknown Speaker 18:06
And I never looked back. That's right. And you know what you just reminded me? That's right, your sister. So your sister, unfortunately was fighting cancer. And you guys remember you telling me you guys were going around to beauty supply stores. And it was like, you can't even hardly try the wig on you got to take it or leave it. But this is a major thing for people that are fighting this, you know, they you know, to feel good about how you look, I believe that self healing at you know, so you took that to heart and you said, You know what, when I open my beauty supply store, I'm going to have a wiggle room for my cat, you know, for cancer survivors and patients or people that are fighting cancer to have a place private to try on their wigs. And you did that I remember the news channels came and it was so special. And you're right. You know, that was always your your goal. I know that you're making great money, but that's not really you know, what was that's not where your passion was, it's not about the money. It's about when you lay down at night, you know, how do you feel? You know, and and you feel really good when you know that you're you're making a difference. And um, so anyways, Angels of Las Vegas you guys have got a lot going on over there. If you guys are interested, it's angels in Las Vegas. LV er yeah.org. Right. Is that the website? Where can they

Unknown Speaker 19:19
reach you Angel? So Angel surf lv.org angels.org

Unknown Speaker 19:27
Yes, and our phone number is 1-800-214-9648 800

Unknown Speaker 19:32
to 149648. Now you're looking for volunteers as well, right? Yes,

Unknown Speaker 19:41
we are looking for volunteers. Our full pantry actually everything that we can Tuesday from 9am until 12pm That's when our food truck comes in. We're looking for volunteers to organize, unload, organize the food and from 12pm to A YCM we serve as a community, we service over 450 individuals and weekly. So we're looking for volunteers to come and help out.

Unknown Speaker 20:11
That's awesome. Now you said that was when Tuesday went every Tuesday,

Unknown Speaker 20:16
every Tuesday,

Unknown Speaker 20:17
and it was from 12 to 5pm.

Unknown Speaker 20:21
Some 12 To play cm Yes.

Unknown Speaker 20:22
What is your address? So people that so in other words, now they don't have to be battling cancer, is that correct? If they want to just come over and you know, get some extra food for the house, they can do so?

Unknown Speaker 20:34
Yes, they can. If they needed to food they can come in and there is a process they have to come in with a valid driving license. They do out the intake form, so that we could always text them and let them know we always remind them weekly to come in and pick up the food. Oh, good.

Unknown Speaker 20:50
And you know what? I've been to your pantry. I just was there what, two weeks ago? And you know, you got a great thing going and let me tell you something. That was some awesome food. I mean, my husband was happy when I brought him home those loaf cakes from it looked like it was from Sam's Club, the loaf cakes. And you even give out you're the only pantry that gives out meat. Is that right? The frozen meat? Absolutely.

Unknown Speaker 21:10
Yeah, I mean, we have thicken and every week is different. So whatever we've been blessed with and we partner with Sam's Club, we big agency partner with three squares. So we're very grateful for our community partner aalverson Sam's Club and you know, Walmart, so we just, you know, if it wasn't for our community partners, who wouldn't be where we are right now. Right? Very, very grateful for the growth of our organization where it was and where we are right now our new location. So is the address is 2355 Red Rock Street. We are in suite 1103. And I'll get coded 891 point six.

Unknown Speaker 21:53
That's awesome. So once again, guys, this if you're just tuning in, this is money you can and with the Welcome Home Show, typically I talk real estate, but I also always bring on my nonprofit partners, and let them go ahead and, you know, tell tale what they do for our community. So we've got angels of Las Vegas on right now with my miss I Nolen workNet getting a home. And she is just letting you know that she has a pantry, a food pantry every Tuesday from 12 Noon to 5pm. That address is 2355 Red Rock Street. 103. But if you forget or you can't remember the address, or you're driving, you can simply google angels of Las Vegas. And all the information will pop up. Okay, her website, all of that. So angels of Las Vegas is on right now. And I'm glad that you brought up your sponsors because you also have a a lawyer. He's been a real great sponsor for you. And I've been witness to him. His heart is so genuine. And I want you to please go ahead and go ahead and give him a shout out what you know and who he is and all that. Give him a shout out. He deserves it. He's been backing you for years.

Unknown Speaker 23:06
Oh my god. Yes. Ken are Ashworth. He just talks attorney he does probate. He does. Retirement trusts and wills estate planning. He's the most amazing than that. You know, he's the first person that gave us $50,000 Years and years ago. And that's that's how that the organization's you know, you know, it was able to expand and do more and more. Yes. So he's been with us through thick and thin and he's one of the most amazing men and he just care about the community so much. And every year even now he is our title sponsor for a golf tournament, which is happening in September 2019. So

Unknown Speaker 23:51
we're where is the golf tournament and tell us a little bit about that really fast golf tournament. Beers best

Unknown Speaker 23:57
though is going to be this is going to be the third annual angels on the green. It's a charity golf tournament. It is an beers best golf course. And we just need we need to play are we looking for even sponsors were looking for a new sponsor, we did have a few spots available. So if anyone would like to sponsor a hole, it's $1,000 for the whole sponsorship, and then we do have some spots for registration as well. Everything is all the information is in our website. And we also doing the lunch. So if somebody doesn't want to come for the goals and but they can also come to have lunch with us. The lunch is $75 per person. Perfect.

Unknown Speaker 24:36
So that's awesome. So if you're looking to go play a little golf and for a great cause beers, best great golf commuter golf course, that's September 29th. And you can jump on her website, which is www angels of lv.org. Or you can just simply Google you guys angels of Las Vegas and you will get in contact with none other than Miss ie Nullam Getting a home. Now real quick before we end this show, I want you to talk about who you partnered with juice plus and it kind of tells the testimony Dennis helped your your patients right?

Unknown Speaker 25:12
You know, I got introduced to just last by our CFO will Lucia, she's supposed to be in the show as she wasn't, she's kind of busy right now talk about it. About three years ago, I was kind of losing my energy. And then she's like, You got to take this flight. So when I was on it, it's been about four or five years now I feel my energy is I felt like I'm 20 years old again. And it is fruits and vegetables over 30 fruits and vegetable on capsule. And the

Unknown Speaker 25:39
vegetables are amazing. Let me just let me tell them that because that's something really, because you have that beautiful accent in case they didn't catch it. So it's not a vitamin, it is actually compressed vegetables and fruit in a capsule. So that's why it's so potent. You know what I mean? And now tell them about the patient that had a turnaround, please. I mean, I'm so inspired by

Unknown Speaker 26:02
Oh my god. So when I seen that, I mean even doing the COVID I never get sick. And I like you know what, like, when I told you? And that's when I said you know what leaves you Why don't we just go ahead and put this in a care package and give it to our cancer patients. She's like, Oh my god, that's amazing. Let's do it. So we raise money to buy the you know, to get the juice plus to be able to give it to the cancer patients and they and they come in, they tell us oh my god, my energy bag, I feel better. Because when the chemo goes in there as much as the kills the cancer also kills the good cells as well. So sometimes they don't have energy to eat. They don't want to eat but it's even the capsule is plump. Nice. And it's amazing. They love it. Yeah, yeah. Just last week, we're going to put more information about just black in our website that you know, they wanted to email us anybody wanted to know more about it, we definitely would like to educate the community about just plus and be able to be a part of that, you know, lifestyle. We all about mind body and

Unknown Speaker 27:06
soul. Right. Right. So what is your least he has contact information for the Juice Plus, if somebody's listening and and maybe they are, you know, fighting something right now and they need that boost? What how can they contact where Lisa to go ahead and get an order of the Juice Plus,

Unknown Speaker 27:23
they can call her seven, two, I'm sorry. 215-740-7929. Okay,

Unknown Speaker 27:31
so that that number if you're interested in getting this juice plus, now it has been using it in her organization that helps people that are fighting cancer, and she's gotten a media testimony saying that it's really working so 21574079 to 92157407929. And that's for the juice plus you guys. Now listen, I want to thank you it for everything you do in this community, your yearly toy drive that you do for the children that are battling cancer. I just I just love you, girl. I appreciate you. I know you're the real deal. And I know you're really doing it out there. So I really appreciate you. Thank you so much for coming on. All right, guys. So thank you so much for listening to the show. Once again, I am Monique Buchanan, your local Las Vegas realtor here to list properties for you or purchase them help you to purchase investments, veterans and first time homebuyers. I'm here to answer all questions. So until I hear from you have a great weekend. 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 and please join me tomorrow at my church Living Word Church on hassle. I'm part of the EXP Realty Group. All right tune in next week.

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