Welcome Home with Monique

Kevin Krall 0:00
The content of this program is paid for by Monique Buchanan LLC. The content of this program does not reflect the views or opinions of 91.5 Jazz and more. Or the University of Nevada Las Vegas. You see me?

Unknown Speaker 0:25
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, happy Saturday, Las Vegas. It is Monique Buchanan, the host of the welcome home with Monique show. I am a local Las Vegas Realtor in the valley. And let me tell you, I've got an amazing show for you guys today. Listen, I've just got to say it. It is back guys. Okay, a couple years ago, actually probably, like five years ago, there was a grant out there that came around that literally paid basically your entire downpayment and your entire closing costs. It sounds too good to be true. But yes, it existed. That grant ran out of funds, probably within six months. So there is a very similar grant that just hit again, you guys it hit it's it's not that exact one, but it does the exact thing. Does that make sense? So yes, you guys, I just I want to dive right into that. There is a downpayment assistance grant grant means you do not pay it back. Okay. And it's covering not only your down payment for your new home, it's going to cover your closing costs as well. You heard me right. So if you're listening, and you know someone that this could bless, please share it, because this is just amazing. I'm just getting the word out there before it goes away. This grant will take care of your downpayment, as well as your closing cost. In many cases, you will come out of your pocket with less than $1,000 to purchase to purchase a home. I mean, I don't know how to say it any more clear than that. You heard me right. So like Sean said, he's one of my lenders. He closed on a couple a couple months ago that used it. And they came out of their pocket with their four bedroom home that came out of their pocket. What was it $400 $400 is what they brought to the table to purchase their brand new home. Okay, so this is an amazing grant. I'm going to scream it from the hilltops. Yes, you can purchase a home with zero down. Okay. And zero on the closing costs as well. What does that leave you to pay? Pretty much nothing you guys. Obviously, we do need you to have some money. I need you to have at least $1,000 for your earnest money deposit. What is the earnest money deposit money that says Mr. Seller, I'm serious about buying your home, I don't want you to show it to anybody else. I'm gonna let you basically let title company Hold $1,000 to show you that I'm serious. That's what that is. I'll need you to have at least three $400 for your inspection, because we don't want to buy a home without getting it inspected. Okay. And then you also need about $500 for your appraisal. So if you have right now, around $2,000, you guys, I've got a grant for you. That's going to pretty much he's going to take care of the rest of your cost for your brand new home. And you can use this towards new construction as well. Is that great news? I mean, I'm just I couldn't wait to jump on. Share this with you. I still have other grants that are available as well. But this grant blows it out the park. I mean, it's it's literally zero down, okay. 620 credit scores, all you need 620 credit score is all you need for this grant. And I found out you can use it in California, even in California, they can use this grant. So my other grant is nationwide. Now that one, it gives you your entire downpayment. All right, and half of your closing costs. Okay, let me just give you an idea of what that looks like. So, by the way, the loan limits were just recently raised up here in Clark County, so our new loan limits for FHA, you can purchase a home up to $420,000. Okay, so they they went up, obviously our medium home prices went up, so So has the FHA limits. So you can purchase a $420,000 home, your payments gonna be around $3,000 a month at that price, because guess what, guys? The rates are on the rise, they went up. Okay, they were just like two weeks ago, they were at 3.875. They just went up to 4.75. They're on the rise. I've been telling you guys, please please, please don't sit on your hands if you're thinking about purchasing a home because these rates are not going to stay low forever. they're on the rise. So let's jump back to it. $420,000 house. Okay, your payments around three grand. All right, Monique, what am I going to come out of my pocket with? Now this is not that not that 6% Grant, I was telling you where, you know, you don't have any downpayment and you don't have any closing costs. So that grant, you know, you're pretty much gonna come out of your pocket with less than $1,000. We already discussed that. This is the other grant that's nationwide. So if you're listening to me, in Florida, if you're listening to me, in Texas, if you're listening to me, wherever you're listening to me here in the States, I can assist you with this grant $420,000 house $3,000 A month payment, guess how much you're gonna come out of your pocket? Around $6,000. That's it, you can pull that $6,000 from your 401 K, if you don't already have it saved, you can pull it from 401k with no penalty and purchase a 620 or I'm sorry, a $420,000 house with just $6,000 out of your pocket guys. that's mind blowing. that's mind blowing. This is your gateway into homeownership. Okay, we've got to stop paying these landlords, we're making them rich, we get zero. After five years of renting and paying $2,000 a month in rent. What do you get for that? Nothing. Okay, with this, you're building equity. Okay. Like I tell you, on average, the average home goes up 30 $40,000 a year in equity. I mean, it's, it's been way more than that in the last couple of years. So don't sit on your hands. Like I tell you guys all the time, always put a little business out there. I'm sitting on about 200 grand in equity, I purchased my home for $237,000. Back in 2017. And that's how much I'm sitting on Now had I been renting that same property, I'd have zero, I can go to the bank right now. Or I'm sorry, I can do what's called a cash out refi right now, and take that money out and go buy another property. Okay, which is what I was preaching to you guys, if you have equity in your home, and you're listening to me right now. And if any of you guys have already purchased within like even a year ago, you have equity in your home. All right, if you purchased 355 years ago, you're sitting on quite a bit of change. So we need to turn that into dollars and go ahead and do a cash out refi and go ahead and let me find you another property. So you can start building equity and and residual income on that property. But now I'm getting ahead of myself. So back to that downpayment Assistant Program $420,000 house $3,000 A month payment, okay, now your payment includes your principal and interest. All right, your taxes, so you don't have to go worrying about paying your home owners taxes every month. It's included, your I'm sorry, your homeowners taxes, your taxes. So you got the rundown to the Clark County Building at the end of the year to pay taxes is already included. So is your insurance, your insurance, like God forbid, if the house burns down, it's already included into that payment of the $3,000. Another thing that's included is called your mortgage insurance premium. What is that money? That is because you did not put down 20% Whenever you do not put down 20% on any home purchase, they basically tack on a little insurance. And that's, you know, what mortgage insurance premium is. So all of that is what makes up your mortgage payment. All right, you have your principal and interest, you've got your insurance on your home, you've got your taxes, and you've got your insurance on your loan. That is why your payments $3,000 Because to be honest with you, your principal and interest is probably more around at a note maybe $2,000. Okay, but that's what makes up a mortgage payment you guys. Basically I tell my my buyers, it's like, you know, your mortgage, your rent payment plus a couple bills, and that's what it is okay, but that's still phenomenal. If this if this information interests you, or if you're thinking of a family or friend, that would love to be a homeowner, okay, has a 620 credit score, and if they don't, I can help them get there. My number is 702-984-3700 Monique Buchanan 702-984-3700. My website is welcome home with monique.com. Okay, you can always google me welcome home with Monique, y'all pop right up.

Unknown Speaker 9:41
Monique, you can and either one. Go ahead and Google me you'll find me. I'm working on a YouTube channel right now. And you can access that as well. It's called welcome home with Monique and I'm going to have some of my previous shows uploaded. So that in case you guys miss these shows or you want to share them with family or friends. They're there Okay, so let's jump back into it. Let's pretend that you want to go ahead and buy a home at the $647,000 price point which is conventional. Okay, that's a different type of loan. But nonetheless, it's available. And guess what? A downpayment assistance program is available at that 647,000. Okay, now that one, if you do that, you're going to be looking at around a $3,600 month payment. Okay, that's how much your monthly is going to roughly be remember that includes your your taxes, insurance, mortgage insurance premium, and your principal and interest. Okay, what am I gonna have to come out of my pocket with with this grant that you're talking about money? How much do I have to bring to the table to purchase in almost $650,000? House? Okay. $9,000 That's it guys around $9,000. Okay, that's unbelievable. Just unbelievable. You're saving a ton of money, you know, and now it's it's opening that door for you to become a homeowner. All right now, mind you. None of my grants are area specific. In other words, you can buy wherever you so choose. If you say you know what, Monique, I think I want to move to Pahrump. I want to get a lot of land. So I think I want to move to Peru. By all means let's do it. I'll get you out there. Let's go. You know, Monique, I want to move to Laughlin. That's fine. This is not area specific. Okay. Now this grant that I just went over you it Guess how much guess what your credit score has to be higher than a 600. That's it. Guys, you can't even rent a house today. You cannot even rent a property today. You know, with less than a 650 is darn near impossible. It's crazy out there right now for my poor renters. And that's why they don't need to be renters. That's why my number is 702984 3700. Okay, guys, I've got about 10 people that are about to close right now. In fact, let me go ahead and give some congratulations. The last couple of days. I close on beautiful families. I'm telling you, my my family, my personal ball family, they are closing today. As a matter of fact, congratulations to the person balls. They got a beautiful home on over in West on the west side of Las Vegas, very near desert shore. So congratulations, you guys. Beautiful family. Another thing the McCain's congratulations to the McCain family. They are they are veterans. And I just want to say thank you for your service. And it was my true pleasure to assist in their purchase. And they closed on a beautiful, beautiful single storey home. I mean, it's gorgeous. You know, I love single stories. So anyways, they close on their gorgeous home, what two days ago. And then I've got my other one. He's an investor, he got a beautiful high rise. So congratulations to you, Mr. Haywood, for your third purchase with me as an investment property. And we secured that and we closed in what? Less than two weeks. So congratulations, you guys. And there's many more to come. When I have time, I'll go ahead and upload those pictures. Follow me on Facebook, you guys Monique Buchanan, follow me on Facebook or Instagram at Monique Buchanan. Okay, so let's jump back into it. We were talking about renters and how hard they have it, it just doesn't make any sense right now if you're if you're looking for a rental, you're probably struggling, and here's the thing, you're gonna have to put down first last deposit. And that in many cases, you guys that's gonna be more than what it would cost you to purchase with me. Now, does that make sense? It does not make sense. Even if you're thinking well, I don't know if I want to live here for too much longer. Well, guess what? While you're living here, make some equity. Okay, I can turn around and sell it for you when you're ready to move. It's not a big deal. Not hard for me to do. I'll sell your property when you're ready to move. And guess what, wherever you're moving to. You'll take that equity and money with you. Okay, so there's really just no excuse, if you guys know, anyone that has halfway mentioned, we have you know, anybody that's looking for a rental, my number is 702984 3700. And that's for me to go ahead and get them to buy instead of rent. Because let me tell you, I hate to say this, but it's, it seems to me it's probably a little bit easier right now, because they're making it so tough on the renters. I mean, I'm telling you they want in many cases, three months, and they want you to make three times the rent. You know, they want you to have a higher tier credit score because of everything that they went through during COVID. They have really tighten the reins when it comes to renting properties here, not just here in the Valley. And pretty much everywhere I from what I'm hearing for you now remember you I tell you guys all the time, my team is nationwide. If you're thinking of me going out of the state, I'm still your resource. I am still your resource and I can still assist you. So please, if you know family members that are moving elsewhere, make sure they get with me that way I can get them when in the right hands. Okay, so back to that downpayment assistance programs you can use them to purchase for plexes. Did you know that? You do not have to be a first time homebuyer by the way. Okay. But yes, you can use them to purchase for plexes. I mean, there's never going to be another time that you can put down that little on an investment property. Heck, there's never going to be another time you can have somebody else pay for your investment properties down. I mean, that's unbelievable, right? So as long as you live in one of the units for a specified amount of time, many times I hear it's like three to five years, usually three years, I think. Yes, you can use a downpayment assistant program to purchase a multiplex. Why is that so amazing? Because now you got three people paying your mortgage, and you still have some residual income coming in. And you're making equity. I mean, that's just phenomenal. You know what I mean? So yeah, I was talking to one of my we're not talking to but one of my previous clients that I sold his home heard my show. And that was a show where I was telling you guys don't sit on your equity. If you own property right now, pull some of that equity out with what's called a cash out refi. I can get you in the right hands for that. You know, I told you if you pull out about $42,000 of your equity, all right, I can take that and go get you a condo, right? And you can start making residual income from the rent. Because guess what? average rent price right now you guys is $2,000 a month. The average rent right now in the valley. I think actually I heard it went up a bit to about $2,200 a month. So we have no rental income that are in cap. We have no rental cap here in the Valley. So you know, hey, he's a nurse. He said, Monique, I don't want to I don't want to work, you know, forever. I want to start getting some residual income. So he heard my show. He gave me a call. And we got right at it. I got him with my lender. He got the cash out refi done in less than 30 days. And guess what I'm going to be closing on his two condos that he bought with me next week. He is so thankful he says that he's ready to go ahead and do it again. He actually wants to buy a couple more, because he sees the money that he's about to make on residual income as well as equity. So now he's making equity on three properties. The home I sold him, which is how he got the money for the two condos. You guys. It's just that simple. You know what I mean? So anyways, if this interests you my number 70298437007029843700 Monique, you can and that's b u c h a n a n and you can always Google welcome home with Monique and I'll come right up or Monique Buchanan. Yeah, but anyways, you guys, I just had to jump on because this I'm hoping that this, this new one this 6% downpayment assistant program last for a long time. But in my heart, I feel like it's not going to. So please don't sit on your hands. If you know anybody that wants to become a home owner. All right, this is their opportunity. You only need a 620 credit score for that particular program. It takes care of your entire down payment, as well as your entire closing costs. You guys, it doesn't get any better than the HUD. That's just phenomenal. You there's no area that you have to live in. You can live in whatever area you so choose. Okay. Obviously, there are some stipulations. But when you contact me, I'll get you with the grant writer, they'll go over all of the grants with you. And you can decide which one you want to go with. But while this one's here, I'm trying to get it out there, because I don't know how long this is going to last. Okay. All right. So

Unknown Speaker 19:11
there we go. Zero down zero closing costs, the last family that he served came out of their pocket for their four bedroom home $400 You guys out of their pocket. Sounds too good to be true, but it's actually happening. Okay, so, real quick, the other grant that I have available, we went over those numbers, FHA guidelines went up to $420,000 for your home purchase with FHA, your monthly payment roughly with that grant, okay, was paying zero down, all right, and they're gonna pay half of your closing cost. your out of pocket expenses at $420,000 will be $6,000 or less, and your monthly payment will be around $2,700 a month. That's at the max price of $420,000. All right. Now if you want to To the conventional, you can go up to $647,000 purchase price. Okay? So by basically a $650,000 house, once again, zero down for that house. All right, and your out of pocket expense for that will be around $9,000. Guys, you can pull this out of your 401 K for some reason you don't have it. All right 600 Credit Score only needed for that downpayment program. This is phenomenal information. I pray that you guys share this, I really do because this is the best Christmas present I think I can give you you know, so Monique Buchanan. I'm your local realtor. I'm praying that this is blessing you guys, I pray that it can bless somebody, you know, if you already own a home, it's still a great time to sell your property. We need inventory. If you have it. Maybe you want to want to upgrade or maybe you want to downgrade maybe the kids are gone now or whatever the case may be. We can do that. I can go ahead and but and I can share this with you these same brands that I'm talking about. You don't have to be a first time homebuyer. What does that mean? Monique. That means I can sell your property for you. And then we could turn around and use this same grant for the next property. If that's what you need to do it you can do it. You guys, this is just unbelievable. So that's why I do the show is to give you guys you know, the you know the ins and outs of not just grants but real estate period. Like I said, investing, I can help you commercial I can help you up God I'm helping them a pastor right now purchase some land. Okay, I am your resource, not only here in Vegas, nationwide, I can assist. Okay, guys, now let's talk about those cash out, revise. I know I keep hitting you guys over the head with this. But I just want you to be in a place where you don't have to be stressed out when it's time to retire. Okay. I don't want you just depending on Social Security. You know what I mean? In just your pension? No, live your best life. You work all those years hard. Okay, we don't want a penny pinch, in our you know, tie in our years that we get to retire. I don't know how to talk right now. About too much coffee. But you know what I mean? You know what I mean? You know what I mean? So anyways, let's talk about that you purchase your home years ago, okay? You're listening to me now. You purchase your home, alright, you don't have to sell your home, you can keep your home. But you can access the equity that you have in your home, you can do a cash out refi. All right, I've talked about it before. All right. So when you do a cash out refi, you can pull up to 80% of that money out. All right, and go ahead and reinvest it. Vegas is on fire. And there's no signs of it stopping you guys, California's pouring in here. I mean, we are hot ticket items. And you know, sports has come and everything else. You know what I mean? Not just the sports, we have the legalization of marijuana, all kinds of new things are happening in Vegas. And we're just booming. And we have been for the last like six, seven years. And anybody that purchased even, you know, five years ago is sitting on an enormous amount of equity. So if you don't know how much equity are sitting on, I can assist you with that as well. Jump on my website, welcome home with monique.com. I've got a tool on there that you can just click, and it will go ahead and tell you what your home is worth. Alright, and how much equity you're sitting on. You can listen, I'm always here to answer questions, too. You can always give me a call at 702984 3700. I love answering questions. I love what I do. So I don't have a problem with you asking me some questions. But anyways, so you can do a cash out refi pull the equity out. All right. Let me find you a couple of investment properties. I pulled one today just so you have an idea. This is a townhome. And it's near Summerlin, guess how much is going for $225,000 actually is two to four 900 quid to 25. Okay, well, Monique, how much is a payment on that? All right, you're standing like your principal and interest is going to be around $780 for that home. Now, after we add all the other stuff in remember, insurance taxes. It's gonna be under $1,000 990 around 990 ish. Okay, so that's amazing. You guys, you can rent that same townhouse out for almost $2,000. So you're making a grand a month off of that townhome that's residual income coming into your household. You know what I mean? So, not only are you making that $1,000 In residual income, but you're also gaining equity on a second property. So now not only the home you're living in is gaining equity and making you money while you sleep. You've got your townhome purchase, that's not only gaining money while you sleep, but it's also paying you every month. And just like Warren Buffett said, Hey, if you're not making money while you sleep, you'll work for the rest of your life. All right, don't listen to me. Listen to Warren. Hey, I'm here to help. I'm praying that this is blessing you guys. But now that you know, I've given you all that amazing information. Let's talk about some fun stuff. All right? You guys all know that I love angels of Las Vegas. They help all different types of people that are battling all different types of illness. They help them in many ways you guys, cancer patients, they make personalized wigs. They also give nutritional supplements and meals to folks that are just going through it with their help, you know, so I've watched them for over 10 years, deliver toys to the kids feed the homeless, they're the real deal. So yes, every time they have an event, you're going to hear me talk about it, because they're the real deal. I personally witnessed them out there actually doing this. So yes, I will talk about angels of Las Vegas, look into their website at Angels have l v.org. Angels have l v.org. If you want to donate your time, you can do it there. But what I'm talking about is one of my favorite events that they do every single year. It's a fundraiser. And it's called the night of hope. This is their third annual night of hope. It is a cocktail party this year. So I'm pretty excited about that. Anyways, you guys, it is going to be next Saturday, from six to 9pm. All right, you can buy tickets on that website for $75. In three, of course, it goes to an amazing cause I just touched on some of the things that they do. And that's angels of loss. No, I'm sorry, angels up l v.org. Go on you guys. Jump on, buy those tickets, you'll see me there. I will be there to support they're gonna have food and wine and special cocktails for that $75. So you will get fed and you'll have a good time. But more importantly, guys, you'll be supporting a great cause. And a phenomenal cause and the people that are actually really out there doing it. You can also call 702-619-4181. Again, 702-619-4181 If you're interested in joining the night of hope, fundraising cocktail party with angels of Las Vegas, this next Saturday from six to 9pm. All right, and then if you are looking to laugh like I love to laugh, you guys, I love comedy shows. So I'm going to tell you guys my two favorite places ago, Tuesday night epic, mentioned it. Echelon Event Center over there in town square. Or Yeah. 20 Townsquare Echelon event center every Tuesday night at 8pm. They have a comedy show which is phenomenal. My favorite one of my favorite comedians was just their Tony Roberts. He is hilarious. I love to laugh as you guys can tell. I'm a little goofy sometimes. But um, yeah, I love to laugh and that's a great place to go. You guys. They have food there. Of course they have drinks. But yeah, most of all, they'll have you cracking up there. They're really good comedians that come through there. Another place is wiseguys comedy club downtown. That is downtown. It's every Thursday, wiseguys Comedy Club, check it out. Or if you're like a cigar person, my my broker was a cigar smoker and he loved this spot. It was called our it is called Sugar Daddy cigar lounge. That's a great place to they've got live music, food. Check that one out. You can just Google that one. It's on sugar daddy cigar lounge. I do know what's out there on Craig's so it's in the north. But that's a great place to go. Tonight, actually. So tonight, they have live music. Have a good time you guys,

Unknown Speaker 28:48
I want to end on a lighter note. You know, I'm always hitting you guys over the head. Because I really want to see as many people as I can get into homeownership. I remember back when I was a single mother, I would just sit here and just daydream. And you know, daydream about becoming a homeowner and securing a secure place for my child to grow up, you know, in, I didn't want to keep moving around. And I did not have access to the grant programs. I didn't even know they existed you guys. That's what made me do this show or create this show. Because had I heard a show like this, I would have owned a home way back in like 2011, at least you know, and had that much more equity and that much more wealth from my children and my family. So guys, that's why I do it. And I pray that you guys will share my information with your family and friends. And I want to thank each and every one of you that have called me and said, Hey, I'm not calling for myself. I'm calling for a family or friend. I'm going to have them get in contact with you. All right, guys. Enjoy your weekend. Talk to you soon until I hear from you.

Unknown Speaker 30:03
Thank you for listening this is Monique Buchanan my license number is S 1788 46 and I am part of EXP Realty Tune in next week

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