Welcome Home with Monique

Speaker 1 0:00
This is a Kun V studios original program. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education. I know you see me on the radio, but you

Speaker 2 0:24
still don't pay me no attention. Good morning. This is Monique Buchannan, 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.

Speaker 3 0:39
Well, good morning, Las Vegas. This is your host, Monique Buchannan, the host of the welcome home with Monique show, also your worldwide realtor. Listen, why do I say that? Because my brokerage, once again, is not only servicing all 50 states. Okay, we can help you in 24 countries. Listen, I want to give all of my listeners, my kumv listeners, a special, heartfelt thank you. Why am I thanking you? I'm humbly announcing and telling you with very much gratefulness in my heart that I have made top 3% in the entire brokerage, which is 94,000 agents worldwide, because of your support, because of all of your guys's love that you've shown me and my team, I have made what's called icon status within my my brokerage, which is, once again, 94,000 agents. I am at the top 3% of those agents. So thank you so much, kumv, for helping me get to this goal of becoming what we call an icon agent. Okay, so thank you guys. Just want to give you some love and tell you thank you, and kind of share that with you guys as my kumv family, another thing I want to say congratulations to some of our K UMB listeners that just closed on their property. Congratulations, Ruben. He just closed on his property. Super excited for him. You know, it was a little bit of a uphill battle, but we made it through. Monique never leaves your side, you know. And so that's what we do. We hold your hand and get you all the way to the finish line. Things happen during a transaction. This is normal. Just make sure you have the right agent beside you that knows how to wiggle. You know you in and out of these situations that happen with every single transaction. Okay? They always happen. Anthony is amazing. He's one of my top lenders that you guys hear all the time. Like I said before, he's the lender that other lenders go to to get answers to those questions, to help navigate those murky waters that they sometimes just don't have an answer to. They'll call me Monique. Can you please Patch me through to Anthony and let him, you know, guide me through this so we can get this line from my clients. And of course, Anthony does. That's just who he is. He's got a huge heart, so congratulations to Ruben and also Wesley. Wesley is a veteran of mine. He wants to come on the show share his experience. He's super excited, because, let me tell you something, Wesley wanted a property that, when we went out and looked at it, it had multiple people that were fighting over this house. And I see why. I mean, these people spared no expense. It was done to the nines. I'm telling you. It had to be the prettiest, nicest property in that whole neighborhood. It had the pool it. I mean, they just, they thought of everything. They totally remodeled. It was gorgeous. Here's the point, me and Anthony, tag team that listing agent. That's what we do. We call and tag team. We don't just send over an offer and hope that it gets accepted. We go above and beyond. That's just part of our process. So once again, your girl, Mo, jumped on the phone. Hey, how are you? This is Monique Buchannan, you know, I have a show on 91.50 you've heard it. Okay, great. Well, listen, I've got one of my amazing listeners, one of your fellow listeners. He wants to purchase the property that you have right there on ABC Street. I'm telling you guys, Anthony's on the phone with me. Hey, guess what? I'm the lender. You don't have to search me out. I'm already here on the phone with you. I'm going to tell you how I vetted this client. He's ready to rock and roll. We can get them closed in 30 days, if sooner, if your seller needs to happen sooner, we can do so as well, because we've already dotted all our eyes and crossed our teeth. This is how me and my team do things. We are proactive instead of reactive, so we make sure that we shine and outshine others that are coming for the same house that you want. So what happened? That's exactly what happened. He ended up getting the property. The agent wanted to go with us. You know what I mean, just recognizing my name because of my listeners and you guys out there, and not patting my I humbly say that not patting myself on the back, but the platform is a platform. It reaches over 100,000 1000 listeners per week. So my name, many cases, resonates with a lot of realtors, which does help me and my clients out at, you know, at the end of the day. And not to sound braggy, forgive me, if I do, I'm not trying to sound braggy. I'm more so just trying to point out that this is a benefit. You know what I mean when you're able to say, Hey, I'm Monique. You know, you may have heard my show, and sometimes they say I've actually listened to your show and got a couple tips for my own clients. So that just makes me smile, because I'm here to share it with everybody my helpful tips everybody, even if you're not using me, I hope you use me and my team, but if not, at least take the information you get from this show and go out and get yourself some property and start creating wealth through equity. I hope that's okay with you guys. I hope I don't sound bragging today. Forgive me if I do, but I do feel you know that some of these things have to be pointed out sometimes. So congratulations, Wesley. He's going to come on the show tell you himself. I told him that it's fine. I'm going to start having some of these clients come on the show. Forgive me. My voice is going out so that you guys can not just hear from me, but actually hear from your fellow listeners. You know that have used me and my team, and you know what they think about the process and how things went. Okay, if you're just joining. My name is Monique Buchannan. I am a local Las Vegas realtor here in the Las Vegas Valley in Henderson and all surrounding cities, but also I can help you with any city that you're moving to in the States, as well as 24 countries and worldwide, I can also assist. So that leads me to my next congratulations. Congratulations to the Washington family. The Washington family had me list their property, and we got it sold. Then they said, Monique, we're moving to Houston. I said, Okay, well, guess what, I'm gonna get you in the hands of my my agent out there. Her name is also Monique. She'll take good care of you. They got out to Houston and they ended up buying a brand new home, you guys for $319,000 it's a DR Horton house. It's two story. They are thrilled. So I sold their single story home. That was only about 1200 square feet out here. And what they did was they took the proceeds, went to Houston and bought, with my agent, a brand new DR Horton home. She walked them all the way through it, you know. And they're just extremely happy. Saying, Thank you so much, Monique, and I'm going to ask them to come on as well. That's the Washington family. So I listed their house here in Vegas. We sold it, got them in the hands of Monique down there in Houston, and they're happily in their brand new home today. So congratulations, Washington family. Okay, guys, so I've got a couple things I want to talk to you about, so I the reason you've been hearing replays. Whenever you hear that. Normally, I'm traveling because, once again, I do sell properties all over the state. So I was in Seattle a couple weeks ago. Up there. Congratulations to my new Seattle agent I just brought on board. If you are an agent out there, you're thinking about making a switch of brokerages, or you're not with ext Realty yet, let me tell you something. I've done the leg work. This is the company to be with. They are agent owned, basically. So I kind of tell people when you know, to try to explain it. What is it not Smart and Final, the other WinCo, Winco. You know how Winco is Agent owned? Well, my brokerage is also agent owned. We all own stocks within our brokerage. So once again, this brokerage is worldwide. It is leading in many of like all the brokerages it's leading, you'll never see signs for because it's not brick and mortar, so it's all cloud based, and it's amazing. So what does that do for an agent allows you to really up your game because you have 80 classes a week, training you on luxury, training you on short sales, training you on probate, making sure that you know how to navigate every area of real estate. And this is all free and included. They want every agent to be the best for their clients. So we have a virtual office in the world that we can go jump into, talk to a broker in New York, talk to a broker in Florida. That's why I'm able to help everybody, everywhere I go, because we're spread out. And so anyways, if I'm speaking to agents right now, so my KMV listeners, please forgive me, I'm talking to my fellow agents, or people that are thinking about becoming a real estate agent. Let me mentor you. Let me bring you up under my group with the Welcome Home Team. Okay, if you're interested in that, 70298 430-700-7029, 84, 3700 once again, if you're interested in enlisting your property or purchasing a property, my number is 702-984-3700 my YouTube is welcome home. Show with Monique. You can catch my youtube channel there. Just has all the previous you know, shows that you've heard in the past. They're all uploaded there. So if you missed one, or wanted to maybe share one with a family member, maybe talking about down payment assistance programs, you can jump. On YouTube and go ahead and share it, like and subscribe. So there it is, guys, and then my website is, welcome home with monique.com

Speaker 3 10:07
All right, guys. So let's jump into what my thoughts were. So as I was out of town, I, like I said, checked on my brand new agent. Congratulations, Jackie Rath, up there in Seattle. So I've got another agent in Seattle, but I was also looking at a property up there for a client. So they have got some beautiful properties up there by Alki Beach, you know. And they have great, great views. They're within walking distance of the water the Puget Sound. And, you know, here's the good thing about Seattle, you can do an Airbnb legally there. And this particular investor of mine wanted to do an Airbnb near Alki. And, you know, lo and behold, there's not a lot, so he's going to clean up, you know, as we secure that property for him, right there in the Al qaitch area. Now, it got me to thinking, because after I left Seattle, I had to run down to Texas and check on a property there. So my father has a property down there. And, you know, just like a lot of you listening, we all own these properties. In fact, my girlfriend owns a property in Arkansas, just like this, where family members owned it. Maybe, you know, you inherited it. You don't live in the south anymore, you know. So nobody's really living in it. And the roof is going bad, you know, the elements are just beating it up. And you're like, What am I going to do with this property? So it dawns on me, after talking with my girlfriend about her Arkansas property, I said, Hey, why don't you do a HELOC? She owns the property outright. You know, she bought the property years ago for I think, you know, and this is going to blow your mind. It's a 3000 square foot home. You Home Story. Now we're talking about my girlfriend, her property. She bought for $15,000 you heard me, right? She bought it for $15,000 in a very small, little bitty town in Arkansas, and so all here she's been paying the taxes on it, you know, just like my father lives with me now, I'm taking care of him. We're paying the taxes on his property, but nobody's living in it. Elements are, you know, starting to beat it up. The Arkansas house has a hole in the roof, and now things are getting in. And she was thinking about just letting it go, selling it, and I said, No, don't do that. Don't do that. Take out a HELOC on the property. What is a HELOC Monique? It's a loan against the property. But here's the thing. So, you know, I think I just tell it. I said, No, listen, she knows that the property is near the Ozarks. A lot of people like to go out there and go hunting and, you know, fishing, etc. In that exact area that she's at, they have to get a hotel room 30 miles away is the nearest town. So I had her look it up on Airbnb and see, hey, is there any Airbnb is anywhere near there are none. So guess what she's gonna do now, guys, she's gonna take out a HELOC, which is gonna free up you can so here's what a HELOC is. It's a loan against your property. Okay, that is what it is, all right. But here's the good news, the property is not producing any income right now. She can take a loan out up to 90% of the value, okay? So we'll just go off of what, you know, and in the good news is they don't really, they just basically go off of what the taxes say. So I think the taxes that are property was worth like 177,000 so she could take up to 90% of that, which she won't. She's only going to take, I think she said maybe 100,000 maybe a little bit less, to fix the property back up. So she's going to go ahead and pay contractors are going there fix it completely. I mean, head to toe and do it the right way. Everything that needs to be done is going to get done. So maybe it costs for $80,000 right? So a HELOC loan is basically like, Oh, I'd like to explain it like a credit card, right? You got an $80,000 limit, and a lot of times they'll give that to you for up to 10 years. So you can keep on pulling and paying it off, pulling and paying it off, pulling and paying it off. People use the HELOC as a way to buy multiple properties. So let's just stick to the thing. You know, I'll be all over the place. Let me try to stick to what I'm saying. And if you're just joining me, this is Monique Bucha, and I am your local Las Vegas realtor. You can reach me at 702984, 3700, if you know anybody that wants to buy or list their property, or if you have any questions about what I'm talking about now. So back to the HELOC. You can take it, in many cases, up to 10 years. Okay, you can take up to 90% of the value of the property. So she only bought that house for $15,000 doesn't mean it's worth 15,000 it's worth well over that. Okay, it's well, it's worth well over that. So now she's going to take out, let's say, $80,000 and she's going to go ahead and have it fixed to have the contractors get out there repair the entire house, right? All right. So now the house is beautiful. She can rent it out, just straight rent, all right, and still make about, I think she said 12 to 1400 for renting it out, which will more than pay off pay the HELOC loan. Okay, just to give you an idea, he lock loans. They fluctuate. The. As the rates go up and down, so does the rate for the HELOC, unless you lock it. So if she's already spent her whole 80,000 and the house is completely, you know, repaired, and she has no plan on re pulling out any money after she pays it off, and the rates go down to, you know, a good rate, maybe 3% she can lock it at that 3% but now all she can do from that point on is pay off the 80,000 that she has and that she owes. Just to give you an idea, at 1.1 of my clients had $60,000 out on her he locked. The rate was around 3% her payment for the HELOC was 350 a month. Just to give you some idea, when the rates went up to 6% remember, it's not locked, unless you lock it. Her payment then went up to, obviously, 600 something dollars, right? So that's what I'm saying the but if you're collecting just straight rent on the property, now the property is making money for you. It's going to pay itself off. It's going to pay itself off. In many cases, as long as you know, I can get straight rent of $1,000 after I fix this place up. All right, you run the numbers with Anthony. Anthony says, Here, here's your HELOC. Your payment will be this amount, you know. And this is the highest rate, right here in this give you some idea. Highest rate, it'll be this amount. Now, will your rent cover? It more than likely, 85% of the time. Yes, it will cover the payment of the HELOC. Once you pay that, he lock off. Now you're just producing all this income for yourself. See, my girlfriend wants to retire her husband. Okay? God bless her. She wants to retire her husband. So she bought a bunch of these little properties, which is very smart. She has about two or three other ones that are already bringing in around $3,500 a month. So without her husband working right now, they're still going to bring in at least $3,500 a month off of just the rent. Okay, so instead of her selling this one, I said, fix this one up with a HELOC, right and now this one on straight rent can bring you another 12 to $1,400 a month, and it's all, you know, profit once you pay the hewhat go, right? So it's gonna pay for itself. So the I want to bring that up to you guys, because a lot of you are out there and you bought your homes, you know, at 3% and you're sitting on all of this equity. You're sitting on all this cash that's doing absolutely nothing for you. It could be put to work to make more money and more residual income for your family and for yourself. So that's why I'm bringing up the HELOC guys. So because you do have that equity, you can tap into it, tap into it. Maybe buy a second property. All right, maybe by like, for instance, I've got some investors in from DC right now. I'm going to take them to go look at the palms place. You guys have heard me talk about the palms place, man, I talked about the pumps that you know, I specialize in high rises, and my other specialty is probate listings. Okay, those are my two things that I really love. I love high rise selling high rises and probate listings, those are some of my favorite things. Probate listings, I like to list these properties for my clients because I feel like I'm truly stepping in and helping them in a time need it. They need guidance. They need somebody they can trust, you know. And there's a lot of hurdles to jump through when it comes to probate, and not every realtor is familiar with dealing with the lawyer, dealing with the court and dealing with the probate process. So that's why I chose probate is one of my specialties. So there's that high rises I love, because that's just the bouginess in me. I love high rises. I love all the amenities that they offer, you know, just to give you some example, um, even at the palms place, you have 24 hour ballet security, you know, you have concierge service, you have a gym, of course, movie theater, you know, hot duck, hot tub, Sun decks, actually, I think you know what the other one have, movie theater. I don't know if palm place does, but the point is, you have so much offer to you when you when you live in these high rises. And what I love about the palms place, and you know in particular, too, is their Airbnb approved condos, so you already have the, you know, the the Go ahead, the green light to do Airbnb. You don't have to jump through all the hoops of trying to run an Airbnb and get the licensing and all these things. You know, I'm sure you still have to get licensed, but the condo itself is already approved. Okay? They also have a concierge, or not a concierge. They have an in on site

Speaker 3 19:38
front desk that will run your Airbnb for you. Okay, so if you're not familiar with Vegas and you don't know when to hide, you know, bring up the rates. You don't. You don't realize when there's huge conventions in town or, you know, or maybe this is your first time doing Airbnb, you can rely on them to handle everything for you. Maybe make notes, learn as a bitch. Yourself, see what they're doing, and then take it from there, right? Or you can go ahead and just do it yourself if you don't want to. You know, share the proceeds with the front desk. But the point is, palms place was 90% filled, even during COVID, even during COVID, palms place was 90% filled, and that is one of my favorite properties. So if you're interested in purchasing a palms place, condo, high rise, 702984, 3700, okay, guys, let's talk about a couple that are over there. So what I was saying is that you could take a HELOC loan if you don't already have the funds secured, because when you invest, remember it is 20% down. Okay, you might be able to get away with 15% but typically you want to just know it's going to be 20% down when you are in, you know, purchasing any investment, right? So if you know you're retired, you need some extra funds coming in, besides your pension, then you know this is a good thing to think about doing a HELOC on the current property you own, and go ahead and buy another property so that property can start making you equity, just like your first house, and residual income coming in, right? Because rents are only going up, am I right? So here, just to give you an idea, you have a studio over there, okay, and we've got them as low as $279,000 you guys, $279,000 that's down. They've come down a bit. But now that these rates are dropping, since we know who's going to be in the, you know, in the office, now it's not, you know, there's no guessing to it. The rates started dropping as soon as we finally picked somebody to take the office. Thank god that's over, right? But anyways, now that we know we have somebody that's gonna fulfill that seat, the rates have dropped. Okay, they're dropping. They're not gonna plummet, like we all would like, but they have come down quite a bit, even since that's happened since last week, all right? So 270 $9,000 right? And it is on the 16th floor, so great views, right? And like I said, you're gonna the utilities are included with your HOA. Okay, so the HOA for this particular unit is 781 so let me tell you, last time I sold one of these properties, a couple years ago, the the lady sent me over her rent roll, even after paying HOA and after paying all her fees, she was still walking away with about $3,200 in the positive from doing her Airbnb now, this was a couple years ago, but that's something that I can request on behalf for you as your realtor, I say, let me see the books. Let me see exactly what you've been bringing in with this property so that we can make a, you know, an educated decision on if this is going to be a good move for you financially. But, my goodness, $279,000 you can use this place, you know, as your own personal Las Vegas high rise. It. You know, when you want to, if maybe you don't live here, you want to pop into Vegas, you just make sure that that's not booked for the weekend that you and your family want to pop in. And in that way you you get to have a Las Vegas high rise as your as your vacation home, right? I mean, that's awesome, and for under $300,000 okay, guys, just so you know that these particular high rises that are studios, they're 615 square feet, okay? They're contemporary style. That's what they typically come as, like a, you know, contemporary style condo. They do have a full kitchen, of course, full bathroom, of course. All right, they've got, you know, floor to ceiling windows, you know, state of the art kitchen, like I mentioned, stainless steel appliances. Many cases, they're already furnished, fully furnished, you guys, so you're buying this for under $300,000 fully furnished, ready to go. You know, it has a spa pool, hot tub. Even has a sun deck, okay? And the views, the views, you're within walking distance of the strip, okay? You are about a five minute Uber ride to the Raiders stadium. Five Minute Uber ride to T mobile arena. Hear about an eight minute Uber ride to the convention. Imagine the possibilities of owning one of these properties, not to mention that you are in the same parking lot as the Palms Casino. Okay, so that just gives you some idea of what this can do. Like I said, When you come to me and we decide to go down there and check out a couple of these palms, place properties, I can get the rent roll. I can ask for the rent roll so you can see the books. Mind you, they do have to three bedroom condos. So the ones I'm telling you about right now, these are just the studios. To give you an idea that they're just as low as 279 okay, but they do have one bedroom, two bedroom and three bedrooms right there at the palms place. All right, you're within shopping. You've got Starbucks right there across the street. Shopping. Here's my point. Many of us are sitting on a couple 100. $1,000 worth of equity. It's nice to say that you have it, but it's even nicer to say that it's working for you. So I'm trying to give you an idea of how to put those dollars to work for you. Many of my listeners are retired and on fixed incomes. Some of those incomes are amazing, great, but you can always make them better, right? So I'm just trying to give you options. And if you're just tuning in, this is Monique Bucha, and I am the host of the welcome home with Monique show. I'm also your worldwide realtor. I have moved many of my listeners to Houston, Atlanta, Seattle, California. We can take care of you any place that you're thinking about moving that way, I can at least have my hands on on it, and kind of know what's going on, and know that you're in in good hands. I hope that's okay with you guys. So listen, I want to thank you guys for tuning in. I want to invite you to take a look at one of my recent listing, 9100 spoon bill. Okay, this property is over in Centennial Hills. All right. It's going for $410,000.04 bedroom, and it's a dual master, a dual master. You heard me right over in Centennial Hills area, 410,000 is what we are asking. 9100 spoon bills. And let me know if you would like to go take a look at that property, or if you'd like to list the property. I'm here to help you list as well. You can reach me at 7029 84 3700, until I hear from you guys. Have a blessed weekend.

Speaker 2 26:26
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.

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