February 20, 2025 • 28 mins
Are you ready to unlock the secrets of the Las Vegas real estate market? Discover how the city's property landscape is evolving, especially when it comes to the elusive fourplex units. With mortgage rates hovering around 7%, we explore why the market hasn't reached its usual vibrancy and uncover the enduring strength of property values. We'll guide you on the importance of seizing purchase opportunities and what these mean for your investment journey.
What's the untapped potential of older fourplex properties? Let’s dive into the unique investment prospects they offer. With newly constructed fourplexes being a thing of the past, these '80s and '90s gems present a golden opportunity for savvy investors. Learn how you can live in one unit and earn rental income from the other three, all with the help of FHA financing options that require as little as 3.5% down. We’ll share insights on leveraging rental income for loan qualifications and the appreciation potential that makes fourplexes a compelling choice for first-time investors.
For those stepping into the multifamily property arena, we'll walk you through the essential strategies for success. From due diligence to understanding the impact of rental income evaluations and HOA fees, we cover it all. You'll hear a real-life success story of a client who used an FHA loan to purchase a fourplex, marking a strategic start to a fruitful real estate journey. Plus, stay connected with us for more tips and updates, ensuring you navigate the Las Vegas real estate landscape with confidence.
Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Welcome to Vegas Realty.
Check your go-to podcast forall things Las Vegas real estate
.
Whether you're buying, sellingor investing, we bring you the
latest market trends, insidertips and expert insights to
navigate the ever-changing LasVegas realty landscape.
Tune in each week as we breakdown the data, answer your
questions and help you make thebest real estate decisions in
(00:22):
the entertainment capital of theworld.
Speaker 2 (00:27):
Hey Vegas, welcome back to our show, vegas Realty
Check, and this today.
On today's show, we're going tobe bringing you market numbers,
like we always do, and talkingabout fourplexes, how to buy
them and all the things aboutthem that you need to know.
Those are multifamily fourplexunits, so stay tuned as we get
into that.
I am Trish Williams and I'mCourtney Boehm, and thank you
(00:51):
for tuning in.
All right, courtney?
Have you seen any news going onthis week?
Anything like big or greatupdates.
Speaker 3 (01:00):
You know I'm going to say I kind of tried to not
watch the news this week.
Every time I turn on the newsit's like a new plane crash.
I don't know what's going on,but it's been kind of strange.
Speaker 2 (01:11):
I know right what is going on right now.
I have a plane trip coming upand I'm just like ugh.
Speaker 3 (01:16):
Oh, never mind, Should I drive?
Speaker 2 (01:23):
But yeah, yeah, there's a lot going on with that
.
I mean to be fair, though, thislast one in Toronto was in the
snow, so it was probablyslippery, and then it slipped
and tipped over and everybodywas safe, so that's good.
Was there any major real estate?
Speaker 3 (01:35):
news you've seen.
Speaker 2 (01:36):
Nothing.
I mean nothing that I wouldcall major.
You know there's just the sameold stuff going about going
along, nothing really going on.
That is notable.
So let's get into our marketstats and our rates.
Absolutely so.
This week we are up 34 forsingle family homes that are on
(01:59):
the market at 5,111.
Speaker 3 (02:03):
And then we are also up 65 from 1,920 on townhouses
and condos on the market.
Speaker 2 (02:11):
Yeah, so both those have increased slightly.
New listings 1,016.
And those three ones keeppopping up 111 more than last
week.
Maybe those are lucky numbers.
Speaker 3 (02:25):
I hope they're lucky.
And then we are seeing someprice decreases on the market
right now 775 price decreases,which is up 54 from last week.
So people are trying to gettheir homes sold.
Speaker 2 (02:38):
Yeah, we're still in a pretty like you know, the
market's doing a little bitbetter, there's a little bit
more activity, but it's not.
We're not seeing the activitythat we usually see in this time
of year, where people are likerushing to buy homes.
It's still.
Price reductions are stillnecessary, Guys.
Price reductions are stillimportant.
(02:59):
This year is not the same asevery other year.
Speaker 3 (03:02):
What do you think is I mean right Rightates, I mean,
there's no question about it.
Speaker 2 (03:08):
Rates are there because we all know that if they
were lower we'd be in a lothotter market than we're in.
But, the market's not doingthat bad because the under
contracts are doing great.
Those are 896, up 81 from lastweek.
Speaker 3 (03:23):
And then we have seen some homes being sold.
So right now we're up $144 fromlast week, which is a pretty
decent amount.
Sold was $582.
Speaker 2 (03:34):
Yeah, yeah, not bad.
And those you know the soldnumbers have been looking good.
The overall monthly closednumbers are looking good, and
when I say good, I mean likethey're good.
Speaker 1 (03:46):
Like they're not amazing yeah.
Speaker 2 (03:48):
They're just not amazing.
We're not in this.
Like usually, this is the timeof the year where it's just like
everything's on fire and greatand real estate's just booming.
Not not really.
It's kind of you know, uh, justgoing along, I'm ready for it
to be on fire Gosh.
Speaker 3 (04:07):
I'm ready for these rates to drop After 21, 22,.
Speaker 2 (04:11):
I was like gosh.
I just really wish that youknow, be careful what you wish
for, Because I was like I wishit would slow down a little bit.
This is too crazy.
And now I'm just like not thismuch.
Speaker 3 (04:21):
You're like let's get back into those where people
were offering $50,000, $60,000more than asking price.
Speaker 2 (04:27):
Yeah, you know I'd love to see a little more
movement than we've seen.
Same On all ends.
But even last year, lookingback at my 2024 numbers, overall
closed out numbers, my unitswere down.
I would say, just from what I'mused to, I do average usually
(04:48):
in a good year I'd say, between50 and 60 units closed.
Last couple of years they'vebeen down, you know like around
40 and last year was like 38.
So it was just slightly under40.
And even though those numberswere low because of the volume,
(05:10):
um, the overall like price pointvolume and everything at the
end of the year was actually umthe same or better than it has
been in previous years.
So these, the prices holdingwhere they're at and the value
staying there is really helpingthe value.
Speaker 3 (05:21):
I mean the values on houses are just going up, and
that's why it's so important buyif you can and don't wait,
because these values here,especially in this city, are not
going down yeah, I don't seeany reason why they'd be going
down no way.
Speaker 2 (05:36):
And our listener question uh, well, before we get
that, let's talk about rates.
Where are we at?
Speaker 3 (05:40):
so let's go to mortgage rates, and then I do
have an awesome program too.
So right now, rates shockerthey haven't moved much.
This morning they were right atabout a 7%, which is what we've
been at for the last I meanlong while sitting right around
there.
So we were at a 7% this morningon a 30 year conventional, and
(06:01):
then we did just go down a tadright under 7%, like at a 6.9,
right before I actually walkedin here, and then we're sitting
right at about a 6.3% on anational average for your VA and
FHA loans.
So you know, those aredefinitely pretty doable, but
the rates are sitting still inMarch 19th.
(06:22):
I think we'll see a little bitof a difference there.
Speaker 2 (06:24):
Yeah, we had a slight like drop on Friday.
It looked like they like hitunder 7% for like a couple hours
.
Speaker 3 (06:31):
Right now they're sitting right under a little bit
under a 7% too, so we'll seehow long that stays.
I was like wow promising.
Speaker 2 (06:38):
And then Monday I was like God damn it, I was out
there doing the rain dance whenit rained here once in the last
215 days.
So what about your loanprograms?
What do you got?
Speaker 3 (06:50):
Yeah, so this is a pretty awesome program.
We have a fix and flip program.
So a fix and flip if somepeople are not familiar, it's
typically when an investor buysa property that needs some work.
I know you know all about fixand flips, but really what
they're looking at is to fix itup and to get it sold for a
(07:11):
profit.
So typically these investorshold.
Longest is usually 12 months onthese type of loans.
Speaker 2 (07:19):
Most good fix and flippers have the property done
and finished within three monthsand they're getting rid of it
and selling it and making somesome money right, and when you
resell a fix and flip, like ifit's less than three months, fha
financing won't let that buyerbuy it until it's been at least
three months between on the, onthe.
(07:40):
FHA loan if they so.
If they were doing for thebuyer side, not the fix and flip
side of it, but like on a buyer, if someone did a flip and they
put it back on the market amonth later, they put it back on
the market a month later.
Fha wouldn't let them get anFHA loan on it for three months.
Speaker 3 (07:57):
There is a timeline and so this particular fix and
flip loan is going to be anon-qualified loan.
This is not going to be anytype of standard loan that we're
going to go through, becausethere's a lot of work typically
that needs to be done on thesehomes.
This is not like a turnkey homeat all.
Typically.
Usually it's a house thateither is in some type of
disrepair or definitely needssome remodeling, and this loan
(08:22):
you're looking at credit needsto be over 620 on average.
But the down payment is basedon, actually, your experience.
Hmm, so based on your experience, if you've, I know that's kind
of interesting, right?
So typically fix and flips arehigher risk loans, but usually
if someone's done it a few times, they kind of have an idea of
what they're getting themselvesinto and they're typically
(08:44):
knowing what to look for or whatnot to do and okay, and they've
learned some lessons throughouttheir their experience.
So usually with these type ofloans, if they're doing, um, if
they've done three or more homesthey've fixed and flipped, they
can do as little as 15 down.
Speaker 2 (09:01):
wow, that's great and and do you submit a resume Like
how does this work?
Speaker 3 (09:07):
So they usually do look at title and things like
that, or different things fromtitle, history and things like
that.
If you have not done any andthis is a totally new experience
you're going to be looking atminimum 20 percent down.
Okay, but the great thing aboutthese loans is that a lot of
people go get hard money and sohard money you're looking at 12%
(09:29):
on average.
And the fees to close aretypically around like seven to
8%, whereas somewhere you knowin this type of loan structure
you're looking at about an 8%interest rate and the fees are
right around two to 3%.
That's not that bad, no, so thereally a lot better.
And you know, someone's payinga mortgage while they're working
on the house, so the lower therate, the better, the more
(09:50):
affordable.
Mortgage while they're workingon the house, so the lower the
rate, the better, the moreaffordable.
And then they're usually goingto sell it off and be done with
it.
But it's really great and youactually get up to 10 draws.
So, as you're fixing the house,they know the type of work that
needs to be done and they candraw up to 10 times for the work
.
So they finance the flip.
Speaker 2 (10:11):
Oh, wow, yeah the draws are actually included.
That's pretty awesome.
Yep, okay, now, that's reallyawesome.
I really didn't know that wasavailable.
Okay, so my question would beon those Um Noah, is there an
appraisal Like because you,usually there's appraisal
conditions, a house has to be ina certain condition Is there
(10:33):
something that would like wherethey would say, say nope, we're
not doing it, that house is intoo bad of a condition?
How flexible are they?
Speaker 3 (10:41):
If there's major plumbing issues or things like
that, that's typically going tobe a hard money loan.
If it is still in decentcondition, where it's working,
the plumbing and things arestill intact, it has a roof yeah
.
If it's completely damaged,typically you're gonna have to
do a hard money loan.
Um, but as long as it's in insomewhat workable condition,
(11:03):
they'll do an appraisal at thebeginning, knowing what the work
that's going to be done is.
That'll have to be somethingthat's discussed and they'll
give a final appraisal value.
Speaker 2 (11:14):
Okay, Okay, and then the so the total amount that
they finance isn't like anopen-ended blank check.
They you get estimates orsomething that like says, like
this is what we're going to bedoing.
This is the total amount we'llneed.
Speaker 3 (11:28):
So all the all the work that needs to be done is
discussed before the processeven begins, and so they know
everything comes in steps.
They know what needs to belended out to get the work done
to the contractors, and thenthey can do that up to 10 times
and then, once the loan, or onceeverything is done and finished
, then the loan is typicallyclosed and then they can sell it
(11:51):
off.
Speaker 2 (11:52):
That's pretty awesome the loan is typically closed
and then they can sell it off.
That's pretty awesome.
Now what about like okay, sayyou don't have a property in
mind, but you're like thissounds like a great idea.
I want to get more informationon this or look into this.
Do you just like contact youand work on a pre-approval and
just like kind of getpre-approved like preliminary
for the amount, like you do ifyou're doing a regular purchase,
(12:14):
or how does this?
Speaker 3 (12:14):
work.
So usually on fix and fliploans you want to find the
property first, just so we havean idea of what we're looking at
.
As far as the price point,usually it's a very specific
property these fix and flipperslook at.
It's going to be something thatneeds work, that they're
getting at a lower cost andselling at a decent amount
higher cost within a very shortamount of time.
So usually you want to have aproperty first.
(12:37):
But if you do have morequestions, you can call me and I
can definitely go through thedifferent options.
But, like I said, the rates onthese loans are so much lower
than a hard money loan.
So while you're making thesepayments, if the house takes six
months to sell and 8% versus10% is, a huge difference, or
12% percent yeah, I've heardsome hard money loans are as
high as 20%.
Speaker 2 (12:56):
Oh, I've seen 15.
I've seen yeah.
Speaker 3 (12:58):
So if you can get in at a lower rate without having
to stress to get it sold, youknow right away, that's really
ideal.
So this loan's ideal for that,and someone who who is ready to
get their home fixed up and soldin a, you know, three to 12
month period you really don'teven want to hold it 12 months.
I'd say ideally three to five.
Speaker 2 (13:16):
Three.
Speaker 3 (13:17):
Yeah.
Speaker 1 (13:17):
Three months is like the quicker you sell it the
better.
Speaker 3 (13:19):
Yep, Absolutely.
Speaker 2 (13:21):
Absolutely.
Um, wow, that's a that is veryinteresting.
Thank you for sharing that withus.
And um, let's get into ourlistener question from Jonah.
Jonah wants to buy a fourplex.
So for anybody that might notknow what a fourplex is, that's
those units that have like fourit's kind of like four
apartments all together in onebuilding.
(13:42):
So he wants to buy a fourplex,and he is.
He said that all the ones thathe's looked at seem like they're
very old and wants to know ifit's a good investment, even if
it's not a newer property.
Um, great question.
Uh, so I think in the valleythey stopped building these four
(14:04):
plexes.
Um, the ones that are like thatyou could purchase the whole
building, you know, of coursethey.
They sell them now as condos,as individual units, right, but
the ones that you could buy thewhole building, I think they
stopped building those in likethe eighties, maybe early
nineties.
Speaker 3 (14:19):
I was going to say here in town and I've been here
since 1996, I personally haven'tseen virtually any newer duplex
or fourplexes in years beingbuilt.
But I did hear someone talkingabout that the valley's trying
to start building newer ones.
So I haven't personally seen it.
But most of them are in themiddle of town.
(14:41):
Most of them are older I mean Idon't know what the years of
those you're seeing yeah, I, Isee them like.
Speaker 2 (14:46):
Typically, you know, from 60s to 80s.
Those are, like you know, wheremost of the fourplexes are and
and I know a builder a coupleyears ago started building
duplexes.
That's where it's just twoattached, but they weren't
selling them.
You couldn't buy the wholebuilding.
They were selling them each asindividual units.
So that's kind of what I guessthe city or the builders or
(15:07):
whoever moved to is selling themindividually, not selling the
whole building.
But there's a lot of potentialin buying these whole buildings
even though they're very old.
Speaker 3 (15:19):
I think the condition is probably.
I mean, at the end of the daythey're going to be older here
as of now, but if you look atthe condition and the
condition's decent, there's justso much cashflow that can come
out of those.
Speaker 2 (15:29):
Yeah, because it's essentially.
You have three to four unitsthat you can collect rental
income on, and then let's talkabout the loan on that, because
you can.
You can purchase this, actuallyas like with an fha mortgage,
as your primary residence, aslong as you're occupying one of
those units and you can collectrent on the other three units.
(15:52):
So you can have three rentalunits that you're collecting
rent on which can help youqualify for the mortgage to
purchase those absolutely so.
Speaker 3 (16:01):
If people don't know, you can actually do a standard
FHA or conventional loan withthe four plex up to one to four
units.
So even if you were looking ata duplex or anything up to four
units.
So FHA right now, as of 2025,the loan limit on that is
$1,000,008, a little bit over amillion dollars for an actual
(16:23):
loan, and then on conventionalthey're sitting right at
$1,550,000.
Speaker 2 (16:29):
Wow.
So you can have plenty of moneyto do there.
And that's still even at thatprice point, because it is FHA,
it's still 3.5% down.
Speaker 3 (16:38):
Yes, it is.
With FHA.
Obviously you have to be in oneof them as a primary.
So, FHA, you must reside in oneof the units as a primary
property and you can do aslittle as 3.5% down.
Speaker 2 (16:51):
Wow, and that is really amazing.
And you're so say that youcan't qualify for a million
dollar property, for instance,um those other units.
The rent that is beingcollected on those other units
will help you qualify because itgets added to your personal
income.
Speaker 3 (17:09):
Absolutely so what they do is a 10 oh seven.
It's basically an estimate ofof the rental value of the pro
or of each unit, because there'sthree separate units and you
would be residing in one.
So they're going to do anevaluation and basically we can
use 75 percent of each unit toqualify.
So let's say, just for basicnumbers, it's two thousand
(17:31):
dollars a month.
We can1,500 per each unit asincome.
Speaker 2 (17:36):
As extra income for you.
And the thing about these units, I think the great.
It's a very smart way for astarter and this, you know, this
typically does not work for,like you know, for large
families or anything, becauseyou're in a little, it's a small
apartment okay, but if you'relooking at doing your first home
(18:01):
, your first investment, gettingyour foot in the door into the
world of real estate incredibleBecause even though you have to
occupy it to purchase it, youdon't have to live there forever
and one day you'll be ready,maybe, to move up.
Move on your dynamic, yourfamily dynamic, the people in
your household grows somehow andyou're ready to move up into a
(18:23):
single family or a bigger spot.
Now you can actually keep theseand have four rental units.
This is four streams of revenuecoming in, and that's
phenomenal.
Speaker 3 (18:36):
And the way the rent is here.
It is not going down, it'sgoing up, and people are
desperate to find anywhere tolive, especially here.
We're so short on propertiesfor rent, even you know.
So there's just no shortage ofcashflow when it comes to those
types of investments.
It's just and to be able to getinto something like that where
(18:57):
you're having all these otherstreams of revenue for as little
as three and a half percent.
Now, if you're not occupyingthe property, you would have to
go a conventional route and thatwould be 30% down.
Speaker 2 (19:09):
Okay, all right, so it makes a big difference.
Speaker 3 (19:11):
Yeah, absolutely.
Speaker 2 (19:12):
And then Jonah asked about appreciation on these.
I personally have witnessedthese four plexes appreciate
tremendously over recent years.
I mean back when I started inreal estate 2014, I think they
were averaging around 200,000.
(19:33):
And now I don't think you cantouch them under.
You know, usually I'd saysomewhere between five and
800,000, depending on location,condition and everything there.
But, um, so they have hadtremendous appreciation,
regardless of their age andeverything like that.
Um, a lot of people are nowgoing in and renovating these
units and making them, upgradingthem and updating them,
(19:54):
upgrading them, bringing them upto date, everything like that.
A lot of people are now goingin and renovating these units
and making them, upgrading them,updating them, upgrading them,
bringing them up to date.
So that's great.
The thing that I tell peoplethat you have to look out for
when we're looking into thesethings to like you know it's
diligence going into it.
For one, usually, when they'reselling a whole building, most
(20:18):
of the time the whole building'snot vacant.
They've been using these asrental properties, but most of
the sellers understand that oneunit at least has to be vacant
because you have more potentialof buyers that are going to want
to buy this as anowner-occupant right.
So a lot of times the otherthree units will have tenants
already in it.
that are in lease agreementswhich is great, so you don't
(20:38):
have to find tenants.
They often will come withtenants already in place with
lease agreements and on the MLSit will show how much those
tenants are paying per month, soyou'll be able to see what kind
of revenue it's alreadyproducing and the lease.
(21:02):
It's part of the offer processthat we do and addendums or
whatever that we do in thetransaction process of it, where
we make sure that all thoseleases are transferred to you.
You're now the owner of thoseleases and those tenants that
are in the properties.
Speaker 3 (21:12):
And then you can evaluate the cash flow and
really look at that.
Now with the rental income wehave to use, unfortunately, as a
lender, no matter.
Let's say you have threetenants in each unit with leases
for $2,000 a month, but theycome back at an evaluation at
$1,500, we have to use what theygive us.
(21:34):
Come back at an evaluation at1500.
Speaker 2 (21:37):
We have to use what they give us, just like an
appraised value and anything.
Speaker 3 (21:38):
Yeah, so you know, even though you could be maybe
getting a little more for renton those, that doesn't
necessarily mean that the bank'sgoing to accept that it's
pretty crazy because I mean,I've seen and here, like I said,
I can't imagine those valuesare just going to continue to go
up, especially because they'renot building anymore as of right
now.
But I've seen ones like uh,those are super popular in like
San Francisco or do, and I'veseen, I've done refinances on
(22:01):
buildings that were bought 30years ago there for nothing and
they're literally three, four or5 million now.
Speaker 2 (22:09):
Yeah and the so they do.
They do appreciate, regardlessof the year.
Sometimes you need to renovateor do things and you can even do
that to get more rent, to makethem worth more over time worth
anything.
Another thing that you need tolook into or be cautious of when
you're going into it usuallythe property taxes on these
(22:29):
units are super low oh my gosh.
When you compare it tosingle-family, it's like amazing
.
They're so low the propertytaxes.
But some of them do have HOAs.
I was going to ask that.
Yeah, some of them do have HOAsand they can get costly.
So that's one thing to lookinto, especially if they have
community pools or somethinglike that, because it's an HOA
(22:51):
for the entire building, whichis four units.
So make sure to take that intoconsideration and review that as
you're reviewing all thenumbers and breakdowns.
I've had times where I've hadclients that are interested and
we look at a certain propertywhere they love everything about
it, but we run the numbers andit would have been fine with
(23:12):
just the rental income, but onceyou add that HOA fee into it,
it's like it just blows it outof the water.
So that is a factor to beconsidered.
Speaker 3 (23:20):
And as a lender too.
If we're really high on yourdebt to income and we're right
there, and then the HOA is $500a month, we have to take that
into consideration, and sosometimes that can literally be
the means of being able to moveforward or not.
So the HOA is really important.
That's why I always tell peopleif you're looking at something
(23:40):
and it has an HOA, let me knowright away what the HOA is, so I
can make sure you qualify.
Speaker 2 (23:45):
Yeah, I had a client a few years back and he was a
single man, it was just him, andhe just really wanted to get
his foot in the door of being.
You know, he had um futuregoals of investing in real
estate, you know, but still hadnot even owned his own, his, his
own home.
Yeah, so he did this fourplex.
(24:05):
He um occupied one of the unitsit was just him, so it was no
trouble, you know and he kept it, um he he remained occupying it
for about a year, a year and ahalf, but now he ended up buying
a single family residence.
He ended up buying his own home, which he was still allowed to
use an FHA on because it wasconsidered an upgrade from this
(24:26):
fourplex unit to go into asingle family.
So, even though he only putthree and a half percent down on
this fourplex, he was stillable to buy a single family home
for himself using that samethree and a half down.
Speaker 3 (24:37):
FHA.
As long as you're in it for 12months, you can move out and buy
another property as a primary.
Speaker 2 (24:43):
Yeah, so that was.
I mean, you just thought thatwas incredible.
And now, just with the wayrental prices are and his
payment and the appreciation ofthe unit all over together, he's
profiting around $3,000 a monthafter expenses on this fourplex
that he bought.
That was just, you know, hisfirst.
(25:04):
It was basically his first home.
So that is when you can justadd that to your income and have
that kind of be able togenerate that kind of income off
of, you know, having these fourunits that you're collecting,
you're collecting rent on.
And that was.
It was just one of thoseincredible fourplexes that you
know had two three unit, threethree unit build or three
(25:27):
bedroom units in it a onebedroom and a two bedroom.
So the rent on those is great.
Speaker 3 (25:33):
And that's where I think you know we've had these
conversations on the show too.
Sometimes it might not be yourdream home, but if you can get
your foot in the door and it's,it's doable, it's affordable, do
that first and then, and thenbuild some equity for a year or
two and take that money and buywhat you really want next.
But everything's a little bitof a stepping stone, so I mean,
that's a prime example of that.
(25:55):
Now he has all this cashflowcoming in and you know who knows
what's next for him.
I'm sure once you get thattaste of investing, it only
continues.
Speaker 2 (26:03):
He hasn't stopped.
So, yeah, and it is.
It's just, you know, it's it'salmost every time I talk to him
he's like I need, you know, I'mworking towards saving for
another rental property.
Like this is like you know,really he's already been.
His eyes have been open to thepotential of just getting that
rental income.
Money that just flows, you know.
(26:24):
And he's still working, hestill has a job, he still works,
he still, you know, does whathe does.
So this is just allsupplemental income that's
coming in, which is just amazing.
I can't, I can't reallyemphasize how incredible that is
for um, you know, just forpeople and you.
You could be an average personand be able to make this kind of
income.
Speaker 3 (26:44):
Absolutely, and I think it's making smart choices,
and I think especially here,when investing in properties.
These values are justcontinuing to grow, with NBA
coming here and, and baseballand so many other things that
it's just get your foot in whileyou can.
Speaker 2 (26:59):
Absolutely, Absolutely, Cause it gets harder
as values and prices go up.
It does um make that world morechallenging.
Absolutely yeah, so um,Courtney, how do people get
ahold of you?
Speaker 3 (27:11):
if they want to get some money.
So if you want to get somemoney from me, if you're looking
to get pre-approved, get a loan, do a refinance.
Call me 702-416-6918.
Speaker 2 (27:22):
And I want to give a shout out to our marketing
partner, chicago Title.
Thank you for your support andif you guys want to reach me to
help find that fourplex, thatmultifamily, even if you're
looking for your dream home oryou have a home you want to sell
, I can help you.
You can call me at 702-308-2878.
(27:42):
Thank you guys for watching.
Our link tree isrealtycheckvegas, so make sure
to log in, follow, bookmark thispage so you can stay connected
with us across all portals.
I do want to make a mentionthat we are going to be, if
you're watching us on YouTube oreven on listening to us on
(28:04):
audio, often the avenues thatwe're going to be being
distributed are going to bechanging, so please make sure to
bookmark that link tree so youknow where to find us and we
will be seeing you guys nextweek.
Thank you for tuning in you.
Welcome to Vegas Realty.
Check your go-to podcast forall things Las Vegas real estate
.
Whether you're buying, sellingor investing, we bring you the
latest market trends, insidertips and expert insights to
navigate the ever-changing LasVegas realty landscape.
Tune in each week as we breakdown the data, answer your
questions and help you make thebest real estate decisions in
(00:22):
the entertainment capital of theworld.
Speaker 2 (00:27):
Hey Vegas, welcome back to our show, vegas Realty
Check, and this today.
On today's show, we're going tobe bringing you market numbers,
like we always do, and talkingabout fourplexes, how to buy
them and all the things aboutthem that you need to know.
Those are multifamily fourplexunits, so stay tuned as we get
into that.
I am Trish Williams and I'mCourtney Boehm, and thank you
(00:51):
for tuning in.
All right, courtney?
Have you seen any news going onthis week?
Anything like big or greatupdates.
Speaker 3 (01:00):
You know I'm going to say I kind of tried to not
watch the news this week.
Every time I turn on the newsit's like a new plane crash.
I don't know what's going on,but it's been kind of strange.
Speaker 2 (01:11):
I know right what is going on right now.
I have a plane trip coming upand I'm just like ugh.
Speaker 3 (01:16):
Oh, never mind, Should I drive?
Speaker 2 (01:23):
But yeah, yeah, there's a lot going on with that
.
I mean to be fair, though, thislast one in Toronto was in the
snow, so it was probablyslippery, and then it slipped
and tipped over and everybodywas safe, so that's good.
Was there any major real estate?
Speaker 3 (01:35):
news you've seen.
Speaker 2 (01:36):
Nothing.
I mean nothing that I wouldcall major.
You know there's just the sameold stuff going about going
along, nothing really going on.
That is notable.
So let's get into our marketstats and our rates.
Absolutely so.
This week we are up 34 forsingle family homes that are on
(01:59):
the market at 5,111.
Speaker 3 (02:03):
And then we are also up 65 from 1,920 on townhouses
and condos on the market.
Speaker 2 (02:11):
Yeah, so both those have increased slightly.
New listings 1,016.
And those three ones keeppopping up 111 more than last
week.
Maybe those are lucky numbers.
Speaker 3 (02:25):
I hope they're lucky.
And then we are seeing someprice decreases on the market
right now 775 price decreases,which is up 54 from last week.
So people are trying to gettheir homes sold.
Speaker 2 (02:38):
Yeah, we're still in a pretty like you know, the
market's doing a little bitbetter, there's a little bit
more activity, but it's not.
We're not seeing the activitythat we usually see in this time
of year, where people are likerushing to buy homes.
It's still.
Price reductions are stillnecessary, Guys.
Price reductions are stillimportant.
(02:59):
This year is not the same asevery other year.
Speaker 3 (03:02):
What do you think is I mean right Rightates, I mean,
there's no question about it.
Speaker 2 (03:08):
Rates are there because we all know that if they
were lower we'd be in a lothotter market than we're in.
But, the market's not doingthat bad because the under
contracts are doing great.
Those are 896, up 81 from lastweek.
Speaker 3 (03:23):
And then we have seen some homes being sold.
So right now we're up $144 fromlast week, which is a pretty
decent amount.
Sold was $582.
Speaker 2 (03:34):
Yeah, yeah, not bad.
And those you know the soldnumbers have been looking good.
The overall monthly closednumbers are looking good, and
when I say good, I mean likethey're good.
Speaker 1 (03:46):
Like they're not amazing yeah.
Speaker 2 (03:48):
They're just not amazing.
We're not in this.
Like usually, this is the timeof the year where it's just like
everything's on fire and greatand real estate's just booming.
Not not really.
It's kind of you know, uh, justgoing along, I'm ready for it
to be on fire Gosh.
Speaker 3 (04:07):
I'm ready for these rates to drop After 21, 22,.
Speaker 2 (04:11):
I was like gosh.
I just really wish that youknow, be careful what you wish
for, Because I was like I wishit would slow down a little bit.
This is too crazy.
And now I'm just like not thismuch.
Speaker 3 (04:21):
You're like let's get back into those where people
were offering $50,000, $60,000more than asking price.
Speaker 2 (04:27):
Yeah, you know I'd love to see a little more
movement than we've seen.
Same On all ends.
But even last year, lookingback at my 2024 numbers, overall
closed out numbers, my unitswere down.
I would say, just from what I'mused to, I do average usually
(04:48):
in a good year I'd say, between50 and 60 units closed.
Last couple of years they'vebeen down, you know like around
40 and last year was like 38.
So it was just slightly under40.
And even though those numberswere low because of the volume,
(05:10):
um, the overall like price pointvolume and everything at the
end of the year was actually umthe same or better than it has
been in previous years.
So these, the prices holdingwhere they're at and the value
staying there is really helpingthe value.
Speaker 3 (05:21):
I mean the values on houses are just going up, and
that's why it's so important buyif you can and don't wait,
because these values here,especially in this city, are not
going down yeah, I don't seeany reason why they'd be going
down no way.
Speaker 2 (05:36):
And our listener question uh, well, before we get
that, let's talk about rates.
Where are we at?
Speaker 3 (05:40):
so let's go to mortgage rates, and then I do
have an awesome program too.
So right now, rates shockerthey haven't moved much.
This morning they were right atabout a 7%, which is what we've
been at for the last I meanlong while sitting right around
there.
So we were at a 7% this morningon a 30 year conventional, and
(06:01):
then we did just go down a tadright under 7%, like at a 6.9,
right before I actually walkedin here, and then we're sitting
right at about a 6.3% on anational average for your VA and
FHA loans.
So you know, those aredefinitely pretty doable, but
the rates are sitting still inMarch 19th.
(06:22):
I think we'll see a little bitof a difference there.
Speaker 2 (06:24):
Yeah, we had a slight like drop on Friday.
It looked like they like hitunder 7% for like a couple hours
.
Speaker 3 (06:31):
Right now they're sitting right under a little bit
under a 7% too, so we'll seehow long that stays.
I was like wow promising.
Speaker 2 (06:38):
And then Monday I was like God damn it, I was out
there doing the rain dance whenit rained here once in the last
215 days.
So what about your loanprograms?
What do you got?
Speaker 3 (06:50):
Yeah, so this is a pretty awesome program.
We have a fix and flip program.
So a fix and flip if somepeople are not familiar, it's
typically when an investor buysa property that needs some work.
I know you know all about fixand flips, but really what
they're looking at is to fix itup and to get it sold for a
(07:11):
profit.
So typically these investorshold.
Longest is usually 12 months onthese type of loans.
Speaker 2 (07:19):
Most good fix and flippers have the property done
and finished within three monthsand they're getting rid of it
and selling it and making somesome money right, and when you
resell a fix and flip, like ifit's less than three months, fha
financing won't let that buyerbuy it until it's been at least
three months between on the, onthe.
(07:40):
FHA loan if they so.
If they were doing for thebuyer side, not the fix and flip
side of it, but like on a buyer, if someone did a flip and they
put it back on the market amonth later, they put it back on
the market a month later.
Fha wouldn't let them get anFHA loan on it for three months.
Speaker 3 (07:57):
There is a timeline and so this particular fix and
flip loan is going to be anon-qualified loan.
This is not going to be anytype of standard loan that we're
going to go through, becausethere's a lot of work typically
that needs to be done on thesehomes.
This is not like a turnkey homeat all.
Typically.
Usually it's a house thateither is in some type of
disrepair or definitely needssome remodeling, and this loan
(08:22):
you're looking at credit needsto be over 620 on average.
But the down payment is basedon, actually, your experience.
Hmm, so based on your experience, if you've, I know that's kind
of interesting, right?
So typically fix and flips arehigher risk loans, but usually
if someone's done it a few times, they kind of have an idea of
what they're getting themselvesinto and they're typically
(08:44):
knowing what to look for or whatnot to do and okay, and they've
learned some lessons throughouttheir their experience.
So usually with these type ofloans, if they're doing, um, if
they've done three or more homesthey've fixed and flipped, they
can do as little as 15 down.
Speaker 2 (09:01):
wow, that's great and and do you submit a resume Like
how does this work?
Speaker 3 (09:07):
So they usually do look at title and things like
that, or different things fromtitle, history and things like
that.
If you have not done any andthis is a totally new experience
you're going to be looking atminimum 20 percent down.
Okay, but the great thing aboutthese loans is that a lot of
people go get hard money and sohard money you're looking at 12%
(09:29):
on average.
And the fees to close aretypically around like seven to
8%, whereas somewhere you knowin this type of loan structure
you're looking at about an 8%interest rate and the fees are
right around two to 3%.
That's not that bad, no, so thereally a lot better.
And you know, someone's payinga mortgage while they're working
on the house, so the lower therate, the better, the more
(09:50):
affordable.
Mortgage while they're workingon the house, so the lower the
rate, the better, the moreaffordable.
And then they're usually goingto sell it off and be done with
it.
But it's really great and youactually get up to 10 draws.
So, as you're fixing the house,they know the type of work that
needs to be done and they candraw up to 10 times for the work
.
So they finance the flip.
Speaker 2 (10:11):
Oh, wow, yeah the draws are actually included.
That's pretty awesome.
Yep, okay, now, that's reallyawesome.
I really didn't know that wasavailable.
Okay, so my question would beon those Um Noah, is there an
appraisal Like because you,usually there's appraisal
conditions, a house has to be ina certain condition Is there
(10:33):
something that would like wherethey would say, say nope, we're
not doing it, that house is intoo bad of a condition?
How flexible are they?
Speaker 3 (10:41):
If there's major plumbing issues or things like
that, that's typically going tobe a hard money loan.
If it is still in decentcondition, where it's working,
the plumbing and things arestill intact, it has a roof yeah
.
If it's completely damaged,typically you're gonna have to
do a hard money loan.
Um, but as long as it's in insomewhat workable condition,
(11:03):
they'll do an appraisal at thebeginning, knowing what the work
that's going to be done is.
That'll have to be somethingthat's discussed and they'll
give a final appraisal value.
Speaker 2 (11:14):
Okay, Okay, and then the so the total amount that
they finance isn't like anopen-ended blank check.
They you get estimates orsomething that like says, like
this is what we're going to bedoing.
This is the total amount we'llneed.
Speaker 3 (11:28):
So all the all the work that needs to be done is
discussed before the processeven begins, and so they know
everything comes in steps.
They know what needs to belended out to get the work done
to the contractors, and thenthey can do that up to 10 times
and then, once the loan, or onceeverything is done and finished
, then the loan is typicallyclosed and then they can sell it
(11:51):
off.
Speaker 2 (11:52):
That's pretty awesome the loan is typically closed
and then they can sell it off.
That's pretty awesome.
Now what about like okay, sayyou don't have a property in
mind, but you're like thissounds like a great idea.
I want to get more informationon this or look into this.
Do you just like contact youand work on a pre-approval and
just like kind of getpre-approved like preliminary
for the amount, like you do ifyou're doing a regular purchase,
(12:14):
or how does this?
Speaker 3 (12:14):
work.
So usually on fix and fliploans you want to find the
property first, just so we havean idea of what we're looking at
.
As far as the price point,usually it's a very specific
property these fix and flipperslook at.
It's going to be something thatneeds work, that they're
getting at a lower cost andselling at a decent amount
higher cost within a very shortamount of time.
So usually you want to have aproperty first.
(12:37):
But if you do have morequestions, you can call me and I
can definitely go through thedifferent options.
But, like I said, the rates onthese loans are so much lower
than a hard money loan.
So while you're making thesepayments, if the house takes six
months to sell and 8% versus10% is, a huge difference, or
12% percent yeah, I've heardsome hard money loans are as
high as 20%.
Speaker 2 (12:56):
Oh, I've seen 15.
I've seen yeah.
Speaker 3 (12:58):
So if you can get in at a lower rate without having
to stress to get it sold, youknow right away, that's really
ideal.
So this loan's ideal for that,and someone who who is ready to
get their home fixed up and soldin a, you know, three to 12
month period you really don'teven want to hold it 12 months.
I'd say ideally three to five.
Speaker 2 (13:16):
Three.
Speaker 3 (13:17):
Yeah.
Speaker 1 (13:17):
Three months is like the quicker you sell it the
better.
Speaker 3 (13:19):
Yep, Absolutely.
Speaker 2 (13:21):
Absolutely.
Um, wow, that's a that is veryinteresting.
Thank you for sharing that withus.
And um, let's get into ourlistener question from Jonah.
Jonah wants to buy a fourplex.
So for anybody that might notknow what a fourplex is, that's
those units that have like fourit's kind of like four
apartments all together in onebuilding.
(13:42):
So he wants to buy a fourplex,and he is.
He said that all the ones thathe's looked at seem like they're
very old and wants to know ifit's a good investment, even if
it's not a newer property.
Um, great question.
Uh, so I think in the valleythey stopped building these four
(14:04):
plexes.
Um, the ones that are like thatyou could purchase the whole
building, you know, of coursethey.
They sell them now as condos,as individual units, right, but
the ones that you could buy thewhole building, I think they
stopped building those in likethe eighties, maybe early
nineties.
Speaker 3 (14:19):
I was going to say here in town and I've been here
since 1996, I personally haven'tseen virtually any newer duplex
or fourplexes in years beingbuilt.
But I did hear someone talkingabout that the valley's trying
to start building newer ones.
So I haven't personally seen it.
But most of them are in themiddle of town.
(14:41):
Most of them are older I mean Idon't know what the years of
those you're seeing yeah, I, Isee them like.
Speaker 2 (14:46):
Typically, you know, from 60s to 80s.
Those are, like you know, wheremost of the fourplexes are and
and I know a builder a coupleyears ago started building
duplexes.
That's where it's just twoattached, but they weren't
selling them.
You couldn't buy the wholebuilding.
They were selling them each asindividual units.
So that's kind of what I guessthe city or the builders or
(15:07):
whoever moved to is selling themindividually, not selling the
whole building.
But there's a lot of potentialin buying these whole buildings
even though they're very old.
Speaker 3 (15:19):
I think the condition is probably.
I mean, at the end of the daythey're going to be older here
as of now, but if you look atthe condition and the
condition's decent, there's justso much cashflow that can come
out of those.
Speaker 2 (15:29):
Yeah, because it's essentially.
You have three to four unitsthat you can collect rental
income on, and then let's talkabout the loan on that, because
you can.
You can purchase this, actuallyas like with an fha mortgage,
as your primary residence, aslong as you're occupying one of
those units and you can collectrent on the other three units.
(15:52):
So you can have three rentalunits that you're collecting
rent on which can help youqualify for the mortgage to
purchase those absolutely so.
Speaker 3 (16:01):
If people don't know, you can actually do a standard
FHA or conventional loan withthe four plex up to one to four
units.
So even if you were looking ata duplex or anything up to four
units.
So FHA right now, as of 2025,the loan limit on that is
$1,000,008, a little bit over amillion dollars for an actual
(16:23):
loan, and then on conventionalthey're sitting right at
$1,550,000.
Speaker 2 (16:29):
Wow.
So you can have plenty of moneyto do there.
And that's still even at thatprice point, because it is FHA,
it's still 3.5% down.
Speaker 3 (16:38):
Yes, it is.
With FHA.
Obviously you have to be in oneof them as a primary.
So, FHA, you must reside in oneof the units as a primary
property and you can do aslittle as 3.5% down.
Speaker 2 (16:51):
Wow, and that is really amazing.
And you're so say that youcan't qualify for a million
dollar property, for instance,um those other units.
The rent that is beingcollected on those other units
will help you qualify because itgets added to your personal
income.
Speaker 3 (17:09):
Absolutely so what they do is a 10 oh seven.
It's basically an estimate ofof the rental value of the pro
or of each unit, because there'sthree separate units and you
would be residing in one.
So they're going to do anevaluation and basically we can
use 75 percent of each unit toqualify.
So let's say, just for basicnumbers, it's two thousand
(17:31):
dollars a month.
We can1,500 per each unit asincome.
Speaker 2 (17:36):
As extra income for you.
And the thing about these units, I think the great.
It's a very smart way for astarter and this, you know, this
typically does not work for,like you know, for large
families or anything, becauseyou're in a little, it's a small
apartment okay, but if you'relooking at doing your first home
(18:01):
, your first investment, gettingyour foot in the door into the
world of real estate incredibleBecause even though you have to
occupy it to purchase it, youdon't have to live there forever
and one day you'll be ready,maybe, to move up.
Move on your dynamic, yourfamily dynamic, the people in
your household grows somehow andyou're ready to move up into a
(18:23):
single family or a bigger spot.
Now you can actually keep theseand have four rental units.
This is four streams of revenuecoming in, and that's
phenomenal.
Speaker 3 (18:36):
And the way the rent is here.
It is not going down, it'sgoing up, and people are
desperate to find anywhere tolive, especially here.
We're so short on propertiesfor rent, even you know.
So there's just no shortage ofcashflow when it comes to those
types of investments.
It's just and to be able to getinto something like that where
(18:57):
you're having all these otherstreams of revenue for as little
as three and a half percent.
Now, if you're not occupyingthe property, you would have to
go a conventional route and thatwould be 30% down.
Speaker 2 (19:09):
Okay, all right, so it makes a big difference.
Speaker 3 (19:11):
Yeah, absolutely.
Speaker 2 (19:12):
And then Jonah asked about appreciation on these.
I personally have witnessedthese four plexes appreciate
tremendously over recent years.
I mean back when I started inreal estate 2014, I think they
were averaging around 200,000.
(19:33):
And now I don't think you cantouch them under.
You know, usually I'd saysomewhere between five and
800,000, depending on location,condition and everything there.
But, um, so they have hadtremendous appreciation,
regardless of their age andeverything like that.
Um, a lot of people are nowgoing in and renovating these
units and making them, upgradingthem and updating them,
(19:54):
upgrading them, bringing them upto date, everything like that.
A lot of people are now goingin and renovating these units
and making them, upgrading them,updating them, upgrading them,
bringing them up to date.
So that's great.
The thing that I tell peoplethat you have to look out for
when we're looking into thesethings to like you know it's
diligence going into it.
For one, usually, when they'reselling a whole building, most
(20:18):
of the time the whole building'snot vacant.
They've been using these asrental properties, but most of
the sellers understand that oneunit at least has to be vacant
because you have more potentialof buyers that are going to want
to buy this as anowner-occupant right.
So a lot of times the otherthree units will have tenants
already in it.
that are in lease agreementswhich is great, so you don't
(20:38):
have to find tenants.
They often will come withtenants already in place with
lease agreements and on the MLSit will show how much those
tenants are paying per month, soyou'll be able to see what kind
of revenue it's alreadyproducing and the lease.
(21:02):
It's part of the offer processthat we do and addendums or
whatever that we do in thetransaction process of it, where
we make sure that all thoseleases are transferred to you.
You're now the owner of thoseleases and those tenants that
are in the properties.
Speaker 3 (21:12):
And then you can evaluate the cash flow and
really look at that.
Now with the rental income wehave to use, unfortunately, as a
lender, no matter.
Let's say you have threetenants in each unit with leases
for $2,000 a month, but theycome back at an evaluation at
$1,500, we have to use what theygive us.
(21:34):
Come back at an evaluation at1500.
Speaker 2 (21:37):
We have to use what they give us, just like an
appraised value and anything.
Speaker 3 (21:38):
Yeah, so you know, even though you could be maybe
getting a little more for renton those, that doesn't
necessarily mean that the bank'sgoing to accept that it's
pretty crazy because I mean,I've seen and here, like I said,
I can't imagine those valuesare just going to continue to go
up, especially because they'renot building anymore as of right
now.
But I've seen ones like uh,those are super popular in like
San Francisco or do, and I'veseen, I've done refinances on
(22:01):
buildings that were bought 30years ago there for nothing and
they're literally three, four or5 million now.
Speaker 2 (22:09):
Yeah and the so they do.
They do appreciate, regardlessof the year.
Sometimes you need to renovateor do things and you can even do
that to get more rent, to makethem worth more over time worth
anything.
Another thing that you need tolook into or be cautious of when
you're going into it usuallythe property taxes on these
(22:29):
units are super low oh my gosh.
When you compare it tosingle-family, it's like amazing
.
They're so low the propertytaxes.
But some of them do have HOAs.
I was going to ask that.
Yeah, some of them do have HOAsand they can get costly.
So that's one thing to lookinto, especially if they have
community pools or somethinglike that, because it's an HOA
(22:51):
for the entire building, whichis four units.
So make sure to take that intoconsideration and review that as
you're reviewing all thenumbers and breakdowns.
I've had times where I've hadclients that are interested and
we look at a certain propertywhere they love everything about
it, but we run the numbers andit would have been fine with
(23:12):
just the rental income, but onceyou add that HOA fee into it,
it's like it just blows it outof the water.
So that is a factor to beconsidered.
Speaker 3 (23:20):
And as a lender too.
If we're really high on yourdebt to income and we're right
there, and then the HOA is $500a month, we have to take that
into consideration, and sosometimes that can literally be
the means of being able to moveforward or not.
So the HOA is really important.
That's why I always tell peopleif you're looking at something
(23:40):
and it has an HOA, let me knowright away what the HOA is, so I
can make sure you qualify.
Speaker 2 (23:45):
Yeah, I had a client a few years back and he was a
single man, it was just him, andhe just really wanted to get
his foot in the door of being.
You know, he had um futuregoals of investing in real
estate, you know, but still hadnot even owned his own, his, his
own home.
Yeah, so he did this fourplex.
(24:05):
He um occupied one of the unitsit was just him, so it was no
trouble, you know and he kept it, um he he remained occupying it
for about a year, a year and ahalf, but now he ended up buying
a single family residence.
He ended up buying his own home, which he was still allowed to
use an FHA on because it wasconsidered an upgrade from this
(24:26):
fourplex unit to go into asingle family.
So, even though he only putthree and a half percent down on
this fourplex, he was stillable to buy a single family home
for himself using that samethree and a half down.
Speaker 3 (24:37):
FHA.
As long as you're in it for 12months, you can move out and buy
another property as a primary.
Speaker 2 (24:43):
Yeah, so that was.
I mean, you just thought thatwas incredible.
And now, just with the wayrental prices are and his
payment and the appreciation ofthe unit all over together, he's
profiting around $3,000 a monthafter expenses on this fourplex
that he bought.
That was just, you know, hisfirst.
(25:04):
It was basically his first home.
So that is when you can justadd that to your income and have
that kind of be able togenerate that kind of income off
of, you know, having these fourunits that you're collecting,
you're collecting rent on.
And that was.
It was just one of thoseincredible fourplexes that you
know had two three unit, threethree unit build or three
(25:27):
bedroom units in it a onebedroom and a two bedroom.
So the rent on those is great.
Speaker 3 (25:33):
And that's where I think you know we've had these
conversations on the show too.
Sometimes it might not be yourdream home, but if you can get
your foot in the door and it's,it's doable, it's affordable, do
that first and then, and thenbuild some equity for a year or
two and take that money and buywhat you really want next.
But everything's a little bitof a stepping stone, so I mean,
that's a prime example of that.
(25:55):
Now he has all this cashflowcoming in and you know who knows
what's next for him.
I'm sure once you get thattaste of investing, it only
continues.
Speaker 2 (26:03):
He hasn't stopped.
So, yeah, and it is.
It's just, you know, it's it'salmost every time I talk to him
he's like I need, you know, I'mworking towards saving for
another rental property.
Like this is like you know,really he's already been.
His eyes have been open to thepotential of just getting that
rental income.
Money that just flows, you know.
(26:24):
And he's still working, hestill has a job, he still works,
he still, you know, does whathe does.
So this is just allsupplemental income that's
coming in, which is just amazing.
I can't, I can't reallyemphasize how incredible that is
for um, you know, just forpeople and you.
You could be an average personand be able to make this kind of
income.
Speaker 3 (26:44):
Absolutely, and I think it's making smart choices,
and I think especially here,when investing in properties.
These values are justcontinuing to grow, with NBA
coming here and, and baseballand so many other things that
it's just get your foot in whileyou can.
Speaker 2 (26:59):
Absolutely, Absolutely, Cause it gets harder
as values and prices go up.
It does um make that world morechallenging.
Absolutely yeah, so um,Courtney, how do people get
ahold of you?
Speaker 3 (27:11):
if they want to get some money.
So if you want to get somemoney from me, if you're looking
to get pre-approved, get a loan, do a refinance.
Call me 702-416-6918.
Speaker 2 (27:22):
And I want to give a shout out to our marketing
partner, chicago Title.
Thank you for your support andif you guys want to reach me to
help find that fourplex, thatmultifamily, even if you're
looking for your dream home oryou have a home you want to sell
, I can help you.
You can call me at 702-308-2878.
(27:42):
Thank you guys for watching.
Our link tree isrealtycheckvegas, so make sure
to log in, follow, bookmark thispage so you can stay connected
with us across all portals.
I do want to make a mentionthat we are going to be, if
you're watching us on YouTube oreven on listening to us on
(28:04):
audio, often the avenues thatwe're going to be being
distributed are going to bechanging, so please make sure to
bookmark that link tree so youknow where to find us and we
will be seeing you guys nextweek.
Thank you for tuning in you.
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