November 21, 2024 • 29 mins
Ready to unlock a treasure trove of real estate wisdom? Join us on Vegas Realty as we roll out the red carpet for Courtney Bohm from JFK Financial. Together, we tackle the buzzing controversies in Sunrise Mountain, where a community meeting spotlighted a fiery debate over rezoning and the potential elevation of the Great Unconformity to national monument status. Stay tuned as we unravel the current trends in the Las Vegas real estate market, dissect the rise in price adjustments, and spotlight the influx of Californian buyers eager to tap into Sin City's real estate action.
But that’s just the beginning. Discover the untapped potential of DSCR loans, an alternative financing option tailor-made for seasoned property investors. Courtney and Trish break down how these loans can fuel your real estate ambitions with fewer hurdles and dynamic flexibility. We also swap tales about the quirky world of real estate disclosures and the surprising power of neighborhood insights. From the importance of engaging with your local community to the hilariously informative anecdotes from neighborly reports, we’ve got a bundle of tips to brighten your home-buying journey. Plus, don’t miss our next episode featuring community insights from Mark Schaefer of My Vegas Magazine.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Trish Williams (00:18):
Hey Las Vegas.
Thanks for joining us back hereon Vegas Realty.
Check your local Las Vegas realestate news show.
I am your host, trish Williams.
If you are watching the show,please make sure you like, share
, subscribe, tell your friendsabout us and keep on following
us.
And I am very happy tointroduce our new co-host today
for the show.
We have Courtney Bohm, who iswith JFK Financial.
(00:42):
Courtney, tell us a little bitabout yourself, what you do.
Courtney Bohm (00:45):
Yeah, so I am a lender.
I'm super excited to bring thelending aspect here to the show
and thank you so much for havingme.
I've been here since 1996,since way back when and this
town has just grown.
It's just crazy to see thegrowth and how much this town
has became a sports town andthings have just changed.
(01:05):
And with JFK we are almost at20 years now, so as far as a
company and we are in ninestates, so I'm just super
excited to bring that lendingaspect to the show and I look
forward to being here.
Trish Williams (01:17):
I look forward to having you here, and it's
going to give us so much valueto be able to not only talk
about what's going on in thereal estate environment but also
in the mortgage environment,because they are hand in hand,
of course, absolutely.
So before we get into our showtoday, we always talk about a
little bit of news or thingsthat are going on.
There is one thing that Ithought was interesting, or
(01:41):
interesting enough to talk about.
Last night I attended acommunity meeting in Sunrise
Mountain area.
If you're not familiar with thetown, sunrise Mountain is the
furthest east you can go in LasVegas, and up there in that part
of town there is rural.
It's rural zoning, so thatmeans that it's two homes per
(02:02):
acre.
So Century Communities, whichis a builder that builds a lot
of homes here in the Valley,they were trying to propose
rezoning a section of that areato.
They were talking about between4,000 and 10,000 square foot
lots, which obviously changesthe zoning there.
How'd that work out?
(02:23):
There was outrage.
Fox News was there.
There was a lot of I mean.
They even had police there.
The room was packed.
There were a lot of peoplethere, because one of the things
about this city is.
You do not see that many areasof the valley that are rural
zoned where you can haveproperty and have land.
(02:44):
So changing that zoning notonly I think it affects the
integrity of the town, you know,because it's a limited resource
that's available but it alsocould affect the home values of
the people that live in the area.
So yeah, that was interesting.
There was a lot of outrage.
At the end of the meeting thespokesperson that was there for
(03:05):
Century Communities did say thathe's going to come back with a
new proposal of a community thathas two homes per acre, which
would be luxury, and we'll seeif that happens or if that comes
through.
But that would be nice, itwould be interesting and I do
hope that they do keep theintegrity of the zoning in the
(03:27):
area.
Courtney Bohm (03:28):
Absolutely, Because you don't see too many
houses now that you know havelarge backyards anymore and
everything's so cookie cutter,so we'll see what happens.
It would be nice to havesomething like that, especially
on newer home builds as well.
Trish Williams (03:39):
Yeah, absolutely, and it could do a
lot for the community.
There is also a proposed planthat they just touched on last
night, and I'm not sure exactlyif that's official or going
through, but they were talkingabout turning that area into a
national monument.
Really yes because SunriseMountain, the mountain that it's
(04:02):
on, actually has um, um, it'ssomething called the uh, the
great unconformity, and there'sonly like a couple in the whole,
in the whole world, or orsomething of um, something with
the mountains, and it's uh it's,it's unique, yeah, and uh, for
(04:23):
that reason, um, there is talkabout turning that into a
national monument preservationarea, so that would be
interesting as well.
So, pretty cool.
Yeah, keep an eye out for thatmonument here.
I love it, yeah, Love it.
It would be headed out towardsLake Mead.
So, yeah, now, every week we doopen up with our market numbers
(04:43):
and now, since you're here onthe show, we're going to talk
about what's going on with ratesas well.
So we will get into thesemarket numbers.
Right now In the Valley, wehave 5,485 single-family homes
on the market, so that inventoryis up a little bit.
(05:03):
It's been consistently hoveringaround that number for the last
few weeks.
And what are you guys seeing asfar as, like, new loan
applications?
Are you seeing a lot ofmovement out there?
Courtney Bohm (05:15):
You know, lately it's been a little bit steady.
As far as you know the market,the rates aren't as sexy as we
would love to see.
I'm sure that's no surprise tomost people, especially if
you've been shopping around.
As far as the housing marketand things like that, I think
it's absolutely moving forwardand I think this town is growing
(05:35):
so much which, if you're cominghere, you want to buy a house.
You're going to buy a house andwe see a lot of movement from
California and things like thatas well, especially lately, so
they're excited about the priceshere.
Trish Williams (05:46):
Yeah yeah, the prices are still good.
The prices are still good and,on that note, we had quite a few
price adjustments.
Last week we had 837.
So that is up from previousweeks.
Those are people that aretrying to make those prices more
attractive.
Courtney Bohm (06:07):
Yeah, and I think you know, I think in this type
of market to get some movementespecially, you know, if there's
a lot of other homes on themarket, sometimes you got to do
what you got to do.
Yes, Especially when the ratesare a tad higher.
You know, it's just making itmore affordable for someone to
be able to come in and purchasea home and have an affordable
mortgage, Right, right.
Trish Williams (06:28):
And under contracts there's 508 homes went
under contract over the lastweek and 610 sold.
So sold numbers are lookinggood for the week, I think,
because 610, if that were weekover week, that would be around
a little over 2,000.
So I mean not my favoritenumber at 3,000, but very close.
(06:52):
Yeah.
Where are we at right now asfar as the rate environment?
Where are we hovering around?
Courtney Bohm (07:00):
So right now, national average right, we go
off averages.
You're looking at aconventional loan sitting right
around about a 7% FHA.
We're right around a 6.3 to 6.4on a national average.
Va is pretty close to exactlythe same.
So we haven't had a ton ofmovement virtually at all.
It's very calm in the last fewdays.
(07:22):
Obviously there was a ton ofmovement right after the
election, which is no surprise.
Trish Williams (07:28):
Did you guys get hit with a lot of loan
applications in those coupledays afterwards?
Courtney Bohm (07:32):
It was very steady, but you definitely saw
people waiting to see what wasgoing to happen and holding off.
I think now, whichever way yougo, people are going to be more
settled and moving forward onwhat they had thought before the
election.
So the market is very calmright now.
7%, 6.3, 6.4 for an FHA stillreally doable.
(07:57):
Obviously, we're all hopingthat that comes down, but people
are still buying.
Trish Williams (08:01):
Yeah, and the Fed did adjust the rates, but
that has not really reflected inmortgages yet.
It hasn't made a hugedifference.
Yeah, so we're hoping thateventually that will, and
there's a lot of stuff going onaround the world right now in
the news and I still think thathas buyers a little bit weary,
absolutely, yeah.
(08:22):
So, yeah, that's where we're atright now.
And then, in case you guys arewondering too, I know we always
um tell single family homes thatare on the market, but condos
and townhomes are at 1802 andthose are always a little bit
less um than what we see insingle family Um.
So we have some listenerquestions.
Courtney Bohm (08:40):
Absolutely yeah, looking forward to going through
some of those?
Trish Williams (08:43):
Yes, definitely .
So our first question we havecame from Pamela, and Pamela
says she has a home for saleright now and it's not getting
any offers.
The builder that she bought thehome from is still selling
homes.
They're selling them at a lowerprice and they're offering
lower interest rates, and shewants to know what she can do to
(09:05):
get her home sold.
Courtney Bohm (09:06):
Well, that's a hard one, pamela, that it is,
you know.
Looking at interest rates aswell, obviously you know new
home builders.
Some of their rates are verylow, yeah.
And why is it that they can dothat?
Well, one, they have their ownin-house lenders.
So you know they can offertheir own incentives and their
own things that are built intothe loan that sometimes a
(09:28):
traditional lender necessarilycan't offer.
Or it'll come with differenttypes of upgrades and things
that house upgrades if you gothrough their lender.
So, as much as our rates arepretty amazing, there's only so
much we can compete with, andand so at that point I mean she
has to look at possibly holdingthe home a little bit longer.
(09:50):
Yeah, until that wholedevelopment's finished.
Trish Williams (09:52):
yeah, till the builder sells out, or at least
at that model.
I've seen times where you havea specific model of home and the
builder has sold out of thatmodel.
Then that will drive some moreattention towards your home.
But yeah, it is reallychallenging when you're
competing with the builders andwhen you don't have a lot of
(10:13):
equity because sellers can offerrate buy downs to buyers at a
certain extent right they can.
Courtney Bohm (10:18):
Typically, when you're looking at that, it
really depends if they want tooffer it.
A buyer cannot do like a two onbuy down or three, it just
depends.
The seller would actually haveto contribute to that.
So at the end of the day, ifshe also wants to lower the
price but she has to be willingto do that.
You know, sometimes if you'recompeting with other homes that
(10:39):
are just as new, just as pretty,it's how can I be different?
Or what can I offer to getsomeone in and get someone to
purchase?
And you know it just, I guessdepends on how ready she is to
go and what her motivation is.
Trish Williams (10:52):
Absolutely, and it all does come down to price
and concessions.
If that's your competition,you've got to shine brighter
than the competition, and a lotof times that's in price,
unfortunately.
I know nobody likes to hearthat, but that's just the truth
of how it is, and I have aclient right now that has a home
for sale in a new constructioncommunity where they're still
(11:16):
building and the builder willnot allow signs in the community
for cell signs, open housesigns nothing.
So that is a I found out thehard way.
That is a common thing and thatdoes you know.
I mean, it's not that everybuyer is going to contact you
from signs.
We've seen our sign marketingdecrease over the years, but
(11:40):
it's still an avenue that youcan't use.
You can't utilize that.
Courtney Bohm (11:45):
I mean, maybe you know from what I've seen like I
had friends who bought in Lenarand you know the price of their
home.
The equity grew so much onceeverything was done, yeah, so it
almost seems like waiting untilthe entire neighborhood is done
and completed.
That's where you're going toget your most value.
Trish Williams (12:02):
it seems like Well, in new construction, one
thing that happens almost everytime is they sell the model home
last, and the model homeusually sells substantially
higher than everything elsebecause it's the model home.
Courtney Bohm (12:15):
It's beautiful, it's perfect, it's upgraded.
Trish Williams (12:17):
It's the most attractive home they sell, so
that does when the communitycloses out.
You have a really goodcomparable that can increase
your home value.
Because once it becomes resalenobody cares if it's the model
home or if it's a regular homeor anything.
Those are all looked at in theresale perspective.
(12:38):
When an appraiser goes in thereas the same home it's the same
floor plan, same square footage.
The upgrades vary slightly andmay add a little bit, but when
they're looking at it on theresale market it usually doesn't
have that effect.
Courtney Bohm (12:52):
And so I think at that point you know her best
bet is lower the price, Lowerthe price, or possibly wait a
little bit.
Trish Williams (13:00):
Wait till they sell out, absolutely, absolutely
.
I agree with that too, and I dothink the market's going to
come around and strengthen overthe next couple months.
I was hoping it would happensooner.
Not seeing that happen sooner,but I do have confidence in this
market that it's going to getbetter.
Courtney Bohm (13:18):
I mean, and now that it's the holidays, what do
you typically see?
Yeah, it's going to get better.
I mean, and now that it's theholidays.
Trish Williams (13:22):
what do you typically see?
Yeah, Well, I do see, usuallyin December.
December is usually a lotslower, of course, you know,
than the rest of the months ofthe year, but we do get a lot of
those end of year buyers likemy CPA said, I have to buy a
house kind of buyers.
Right, we do see a lot of thoselast minute want to make a
purchase before the year closesout.
(13:43):
So we do see a little bit ofactivity in December.
It's not that bad and usuallythe people that are shopping in
December are super motivated.
Courtney Bohm (13:52):
Absolutely.
I think anyone shopping aroundthe holidays means business and
they're ready to go.
Trish Williams (13:56):
Yes, absolutely .
I agree with that.
There's usually a reason.
Our next question is Daniel.
Courtney Bohm (14:02):
Yeah, it says.
I heard that there's a loanprogram that uses the income
that the home produces toqualify instead of my income.
What is that?
And so that was such a greatquestion because, bringing the
lending aspect to this show,what I really want to do is
showcase different loans once aweek and maybe loan programs
that people have no idea existor you know, just to give people
(14:25):
a better idea of what isactually possible.
A lot of people, when they'rethinking of loans, think of
standard bank loans, and there'sjust so many other options out
there.
Especially, you know, movingforward, there's so many people
that are self-employed andpossibly don't show all their
income.
Yeah, self-employed andpossibly don't show all their
income.
We like to say that most do,but the reality is that you have
(14:46):
to really look at differenttypes of loans and what that
person does and what loan wouldfit them best.
So there really are some greatoptions now, and this loan is
called the DSCR loan, so it's adebt service coverage ratio loan
.
So that's what he's asking andI'll kind of go over that.
So this loan is prettyincredible.
Okay, this loan most peopledon't know about, but it's an
(15:06):
amazing loan for investmentproperties.
Trish Williams (15:09):
All right.
So this is someone that'sbuying a property strictly for
income purposes.
Courtney Bohm (15:15):
For an investment , right?
You know there's people whohave tried to get things over on
us.
But yes, it is not to be livedin.
Okay, so it is not to be livedin by the by the owner, correct
as a primary residence, right?
So this is a type of loan thatthey do not look at at all your.
They don't look at if you havea job.
They don't look at your paystubs.
(15:37):
They don't even care if youfile taxes or not.
Are your pay stubs?
They don't even care if youfile taxes or not.
Are you serious?
So this loan is prettyincredible.
This loan is really ideal for aninvestor who, and most
investors that we've seen that,are serious about investing.
They have three, four, fiveinvestment properties already.
So what happens is on atraditional loan.
A lot of times, when you go tolook at their debt to income,
(15:59):
it's just way higher thangetting a traditional
conventional loan done.
So the great thing about thisloan is no job verification.
They don't even have to have ajob.
So as long as they have somemoney, some money to play with
and they have decent credit,typically on a loan like this,
you're looking at 640 or better.
(16:19):
Obviously, the higher thecredit, the better the rates.
But the great thing about thesespecific loans is they are
considered higher risk, but therates aren't even crazy.
They're in the higher sevens onaverage.
That's not bad At all.
And so here's what's amazing.
When you do this loan.
It's so simple.
We don't ask you for pay stubs,taxes, nothing.
What we're really going to lookat is they're going to actually
(16:41):
look at what the house, theinvestment property, is going to
be generating per month, andhow do they find that out?
So typically they have anappraiser come out and they'll
do a fair market assessment ofthe home and what the houses
around it are comparable to andhow much they could get per
month for the home.
Trish Williams (16:57):
Okay, so based off what the other homes maybe
have rented for, Correct.
Courtney Bohm (17:02):
So a rental assessment right, it's going to
be a fair assessment because weall know there's that one house
where someone's charging waymore than maybe what it should
be.
So there's going to be thatdone and it'll tell us if it
says $2,000 for the month iswhat the appraiser says that
they can get.
Typically the mortgage has tobe, on the new loan, equal to or
less than.
(17:22):
There are some variations inthat, but that's kind of a
standard.
So as long as the house isgenerating on a monthly basis
what the mortgage would be, thenyou're good to go.
So with that specific loan, 20%down is typically what they're
going to be looking for.
Trish Williams (17:37):
That was the next question I was going to ask
.
I had a feeling, yeah, and thenyou said you do have to have
some cash.
Do you just have to have thecash for the down payment or do
they require to see a little bitof reserves or cushion?
Courtney Bohm (17:49):
So typically they're going to look at some
reserves and every brokereveryone is a little bit
different on those guidelines,but usually they're going to
want to see on average three tosix months and, like I said,
they are going to look at creditand things like that.
That will take a factor intothat.
But I've done those loans andtheir debt to income was like
231%.
(18:10):
So the person owned a bunch ofdifferent houses five, six,
seven different houses and hejust wanted to keep buying
properties.
Trish Williams (18:17):
Wow.
So with this DSCR loan, are youlimited to the amount of those
that you can have as long as youhave the money?
Really, nope, wow, Wow.
That is amazing.
That is, I mean, definitelygives people an opportunity to
buy investment Absolutely.
And right now, with the, youknow, we're seeing price
(18:38):
decreases.
We're seeing homes at moreattractive prices.
There's probably a lot ofoptions out there for people as
far as that goes.
Courtney Bohm (18:46):
Well, I think in a lot of people assume that you
know if they've came into somemoney or something like that,
but they can't show income, thatthey just can't do anything,
and that's just not the case.
As long as you know the houseis going to net, you know a
certain amount of income, thenwe can look at that.
And as long as they have themoney to put down and some
credit, it's really just such agreat option for someone who
(19:07):
wants to invest in property.
Trish Williams (19:09):
What about homes On traditional loans?
You see homes that on theappraisal there'll be conditions
.
It has to meet certain criteriaas far as livable.
You can't really buy a truefixer upper with a regular
traditional loan.
How does that work with DSCR?
Courtney Bohm (19:27):
So those guidelines vary.
Typically, they're going towant to see, if they're going to
invest in it, that it issomewhat livable.
That it depends on what type ofwork it needs, right?
If it's like the whole roof isdamaged or there's something
extreme, it still needs to belooked at.
It still is going to have anappraisal done, so it can't be a
(19:48):
house that's just completelynot livable, correct?
They're not going to do a loanon that.
It's already considered ahigh-risk loan, so it has to be
somewhat in livable shape.
If it's little things here andthere, like needs carpet or
paint cosmetic things Absolutely, and that's going to depend on
also how strict the guidelinesare for that specific broker or
whoever is getting the loan doneas well.
(20:08):
So we work very closely withthem and, like I said, if it's
absolutely not livable, no one'sgoing to lend on it unless
you're doing like hard money orsomething like that.
Trish Williams (20:16):
Yeah, and one thing I've seen with people that
do buy investment propertiesand people that have that are
seasoned in it, that do it.
That do it often, a lot oftimes, all they're looking for
in the beginning is to breakeven, you know to, to have that
income be the same amount astheir as their payment, you know
, or some or or less basicallywithin the criteria because
(20:40):
they're looking at the long game, less basically within the
criteria because they're lookingat the long game and over time
they know that either thatloan's going to be paid down or
go away and of course there'sgoing to be appreciation in the
rental market that that amountof income that they're receiving
is going to increase.
Courtney Bohm (20:56):
So definitely fits in the criteria of a lot of
people that are looking topurchase investment properties
and the great thing about this,too of a lot of people that are
looking to purchase investmentproperties.
And the great thing about this,too, is a lot of investors are,
most of them, self-employed andthey don't love necessarily
people looking at all theirstuff.
Trish Williams (21:10):
Well, when you're self-employed, a lot of
times people try to look for themaximum deductions they can
because taxes are high and it'sanything you can do to offset
that.
That's what they do.
So, yeah, you do see that netincome a lot of times very, very
low, yep.
Courtney Bohm (21:28):
Yeah, and investors just love that loan.
It's just, it's simple.
We don't ask for any of theirpersonal really, you know we're
not looking at their taxes orany of their income and they
just like it.
It's just simple, it's easy,it's quick, yeah.
And the rates aren't bad, Iwould think that, something like
that, would be in the nines,but it's really that's not a bad
rate, so that's definitely agreat program.
Trish Williams (21:48):
Check that out, and you guys do offer that.
So people can contact you forinformation on it.
Okay, so our next one is Lisa.
Um, lisa wants to know how shecan find out if someone died in
the house she's going topurchase.
That's a fun question.
In Nevada there's a lot ofstates that have that as a
(22:12):
mandatory disclosure and inNevada our seller disclosures do
not have that as a mandatorydisclosure.
You only have to disclose ifsomeone died in the home.
You have to disclose it if thehouse killed them.
So I don't know, likeAmityville or whatever, but
(22:36):
that's interesting.
It only has to be disclosed ifthe house itself killed the
person.
That's interesting.
It only has to be disclosed ifthe house itself killed the
person.
Um, so there's, I've heard ofwebsites where you can look up
this information.
I don't know the integrity oror light or or the reliability
of these websites.
Like died in the housecom issomething I've reliable.
(23:00):
The source is, I've heard youcan Google the address and if
there was ever a news story.
Courtney Bohm (23:05):
I mean I was going to say it'd have to be
like something that wasabsolutely on the news,
especially here, to really seethat, yeah, unless you move in,
and then your neighbor tells youwhich I'm sure happens a lot I
know people that they moved infrom California and they said,
yeah, the neighbor came over andtold us, you know, the lady's
husband died right here in theliving room and they're like I
wish she wouldn't have told usthis and, you know, kind of
(23:26):
awkward.
But I actually Googled it andit said that I think there's
only three States now, as ofcurrent, that have to disclose.
Really it was saying Alaska,california and South Dakota.
Trish Williams (23:36):
Yeah, okay, and I've heard that in Texas they
have to disclose if the house ishaunted.
So that's a fun disclosure, butwe have to disclose if it's a
meth lab.
I always feel like like youknow, you're trying to be like
super professional talking tothe seller and then you're like
hey, was your house a meth lab?
So, um, yeah, we have.
(23:58):
We have some odd disclosures,but die, um, someone dying in
the house is not one of ourdisclosures that we do have to
disclose here.
But, yeah, always talk to theneighbors, because the neighbors
, if you talk to a neighborbefore you purchase, they will
tell you everything.
Courtney Bohm (24:13):
And then, once you purchase, they always tell
you everything that maybe youwish you would have known before
.
Trish Williams (24:17):
Yeah, absolutely so.
I was out with buyers last weekand there was this group of
neighborhood kids that just theywere just like walking down the
street.
They came up and startedtalking to us.
Oh my goodness, my buyers werelike, no, we don't want to live
here.
They told us dirt on everyhouse in the neighborhood.
These kids, they were like 12and they just spilled the beans
(24:39):
on everything and they were like, well, this house does this and
this guy does this and this.
Courtney Bohm (24:44):
I was like wow, you're like get away kids,
interview the neighborhood kids.
Trish Williams (24:49):
Yeah, my buyers were like no, we're going to
pass, this is not where we wantto live.
So, yeah, sometimes questioningthe neighbors, and they usually
are free with information.
That they are especially thenosy neighbors.
Yeah, especially the nosyneighbors.
(25:12):
Yeah, especially the nosyneighbors.
Yeah, so some communities haveand I have this in my community
and I've noticed that a lot ofthem have it.
So I always tell people go onlike Facebook or social media
and see if there's a communitylike group or page.
Sometimes they have like a pagefor the community.
That's just that specific.
If it's in an HOA or somethingwhere they have communications,
I mean they don't usually talkabout someone dying in there,
(25:33):
but you know, sometimes there'sjust neighbors talking, you know
, and you can get an idea.
Not only get an idea aboutwhat's going on with that
specific house, but just get anidea about what's going on in
the community like communityissues or sometimes community.
I mean I think if people lookat our community page they'd be
like, wow, this is a greatcommunity because our neighbors
(25:53):
are super awesome.
Courtney Bohm (25:54):
So I love that.
Yeah, my brother.
Um, they live in Michigan, alittle different, but their
whole neighborhood is all on oneFacebook group and they always
do like you know, like yard saleor who wants this.
We're getting rid of it andit's just really cool to see.
I'm actually part of it justbecause I like to watch.
It's weird, but it's just cool.
They have like a greatcommunity and they all like know
each other and it's just prettyawesome to see.
Trish Williams (26:14):
Yeah, that's how ours is.
There's 72 homes.
We do like movies in the parkevery every quarter and we have,
like you know, communityneighbor like barbecues and
stuff like that.
And it's it's great, like whenyou're, when you're buying a
home.
Some people like to, especiallyin Vegas, just like kind of be
in their home and shut the doorand never talk to anybody A lot
of people.
But I do enjoy living in aspace where, like the neighbors
(26:38):
you know, it just feels like,because you also, security is
always an issue, no matter whereyou live.
You also know someone's lookingout for you, knows you, know
who you are, what's going on andif they see something that
looks unusual, they're going tolet you know.
Courtney Bohm (26:52):
I think it's amazing to have great neighbors,
yeah.
Yeah, it makes you feel saferand just better overall.
Right, if a weird car is parkedin front.
You know, you know thateveryone kind of has an eye on
everything, on what's going on.
Trish Williams (27:02):
Yeah, one time I left my garage door open on
accident and my neighbor's likehey, your garage door has been
open for a couple hours, youmight want to shut it.
So, yeah, it's nice.
It's nice things.
So thank you everybody fortuning in.
It looks like that's our showand if you are watching us,
please like, share, subscribe,tell your friends about the show
(27:25):
.
Feel free to share any of ourclips on social media.
I do think we make them allpretty shareable.
You can check out our link treeat wwwrealtycheckvegas.
That's where you can sendlistener questions and now that
we have a loan officer with uson the team here, so you can
definitely ask any mortgagequestions as well.
(27:46):
So we're super excited aboutthat and, courtney, I am so
excited to have you on the show.
I'm so excited.
I had a great time.
Thank you, so did I.
I look forward to the futureshows that we have.
Next week we're having acommunity spotlight and we're
going to be interviewing MarkSchaefer with my Vegas Magazine
and he's going to tell us aboutwhat he's doing here in the
(28:08):
local community and a little bitabout the magazine and what
they do and what they offer.
So that'll be fun.
We do community spotlights thelast, the last week of every
month, and that's where we justtalk to people in the community.
Courtney Bohm (28:20):
I love that.
Trish Williams (28:21):
Yeah, so thanks , guys.
Thanks for tuning in in.
And, courtney, how do peoplereach you if they have more
questions?
Courtney Bohm (28:26):
so you can give me a call at 702-416-6918 or
cbone b-o-h-m as in mary atjfkfinancialcom all right,
Trish Williams (28:36):
and you can get a hold of me at 702-308-2878
call text.
that's the best way to get ahold of me and and we will see
you guys next week.
Bye, bye, you.
Hey Las Vegas.
Thanks for joining us back hereon Vegas Realty.
Check your local Las Vegas realestate news show.
I am your host, trish Williams.
If you are watching the show,please make sure you like, share
, subscribe, tell your friendsabout us and keep on following
us.
And I am very happy tointroduce our new co-host today
for the show.
We have Courtney Bohm, who iswith JFK Financial.
(00:42):
Courtney, tell us a little bitabout yourself, what you do.
Courtney Bohm (00:45):
Yeah, so I am a lender.
I'm super excited to bring thelending aspect here to the show
and thank you so much for havingme.
I've been here since 1996,since way back when and this
town has just grown.
It's just crazy to see thegrowth and how much this town
has became a sports town andthings have just changed.
(01:05):
And with JFK we are almost at20 years now, so as far as a
company and we are in ninestates, so I'm just super
excited to bring that lendingaspect to the show and I look
forward to being here.
Trish Williams (01:17):
I look forward to having you here, and it's
going to give us so much valueto be able to not only talk
about what's going on in thereal estate environment but also
in the mortgage environment,because they are hand in hand,
of course, absolutely.
So before we get into our showtoday, we always talk about a
little bit of news or thingsthat are going on.
There is one thing that Ithought was interesting, or
(01:41):
interesting enough to talk about.
Last night I attended acommunity meeting in Sunrise
Mountain area.
If you're not familiar with thetown, sunrise Mountain is the
furthest east you can go in LasVegas, and up there in that part
of town there is rural.
It's rural zoning, so thatmeans that it's two homes per
(02:02):
acre.
So Century Communities, whichis a builder that builds a lot
of homes here in the Valley,they were trying to propose
rezoning a section of that areato.
They were talking about between4,000 and 10,000 square foot
lots, which obviously changesthe zoning there.
How'd that work out?
(02:23):
There was outrage.
Fox News was there.
There was a lot of I mean.
They even had police there.
The room was packed.
There were a lot of peoplethere, because one of the things
about this city is.
You do not see that many areasof the valley that are rural
zoned where you can haveproperty and have land.
(02:44):
So changing that zoning notonly I think it affects the
integrity of the town, you know,because it's a limited resource
that's available but it alsocould affect the home values of
the people that live in the area.
So yeah, that was interesting.
There was a lot of outrage.
At the end of the meeting thespokesperson that was there for
(03:05):
Century Communities did say thathe's going to come back with a
new proposal of a community thathas two homes per acre, which
would be luxury, and we'll seeif that happens or if that comes
through.
But that would be nice, itwould be interesting and I do
hope that they do keep theintegrity of the zoning in the
(03:27):
area.
Courtney Bohm (03:28):
Absolutely, Because you don't see too many
houses now that you know havelarge backyards anymore and
everything's so cookie cutter,so we'll see what happens.
It would be nice to havesomething like that, especially
on newer home builds as well.
Trish Williams (03:39):
Yeah, absolutely, and it could do a
lot for the community.
There is also a proposed planthat they just touched on last
night, and I'm not sure exactlyif that's official or going
through, but they were talkingabout turning that area into a
national monument.
Really yes because SunriseMountain, the mountain that it's
(04:02):
on, actually has um, um, it'ssomething called the uh, the
great unconformity, and there'sonly like a couple in the whole,
in the whole world, or orsomething of um, something with
the mountains, and it's uh it's,it's unique, yeah, and uh, for
(04:23):
that reason, um, there is talkabout turning that into a
national monument preservationarea, so that would be
interesting as well.
So, pretty cool.
Yeah, keep an eye out for thatmonument here.
I love it, yeah, Love it.
It would be headed out towardsLake Mead.
So, yeah, now, every week we doopen up with our market numbers
(04:43):
and now, since you're here onthe show, we're going to talk
about what's going on with ratesas well.
So we will get into thesemarket numbers.
Right now In the Valley, wehave 5,485 single-family homes
on the market, so that inventoryis up a little bit.
(05:03):
It's been consistently hoveringaround that number for the last
few weeks.
And what are you guys seeing asfar as, like, new loan
applications?
Are you seeing a lot ofmovement out there?
Courtney Bohm (05:15):
You know, lately it's been a little bit steady.
As far as you know the market,the rates aren't as sexy as we
would love to see.
I'm sure that's no surprise tomost people, especially if
you've been shopping around.
As far as the housing marketand things like that, I think
it's absolutely moving forwardand I think this town is growing
(05:35):
so much which, if you're cominghere, you want to buy a house.
You're going to buy a house andwe see a lot of movement from
California and things like thatas well, especially lately, so
they're excited about the priceshere.
Trish Williams (05:46):
Yeah yeah, the prices are still good.
The prices are still good and,on that note, we had quite a few
price adjustments.
Last week we had 837.
So that is up from previousweeks.
Those are people that aretrying to make those prices more
attractive.
Courtney Bohm (06:07):
Yeah, and I think you know, I think in this type
of market to get some movementespecially, you know, if there's
a lot of other homes on themarket, sometimes you got to do
what you got to do.
Yes, Especially when the ratesare a tad higher.
You know, it's just making itmore affordable for someone to
be able to come in and purchasea home and have an affordable
mortgage, Right, right.
Trish Williams (06:28):
And under contracts there's 508 homes went
under contract over the lastweek and 610 sold.
So sold numbers are lookinggood for the week, I think,
because 610, if that were weekover week, that would be around
a little over 2,000.
So I mean not my favoritenumber at 3,000, but very close.
(06:52):
Yeah.
Where are we at right now asfar as the rate environment?
Where are we hovering around?
Courtney Bohm (07:00):
So right now, national average right, we go
off averages.
You're looking at aconventional loan sitting right
around about a 7% FHA.
We're right around a 6.3 to 6.4on a national average.
Va is pretty close to exactlythe same.
So we haven't had a ton ofmovement virtually at all.
It's very calm in the last fewdays.
(07:22):
Obviously there was a ton ofmovement right after the
election, which is no surprise.
Trish Williams (07:28):
Did you guys get hit with a lot of loan
applications in those coupledays afterwards?
Courtney Bohm (07:32):
It was very steady, but you definitely saw
people waiting to see what wasgoing to happen and holding off.
I think now, whichever way yougo, people are going to be more
settled and moving forward onwhat they had thought before the
election.
So the market is very calmright now.
7%, 6.3, 6.4 for an FHA stillreally doable.
(07:57):
Obviously, we're all hopingthat that comes down, but people
are still buying.
Trish Williams (08:01):
Yeah, and the Fed did adjust the rates, but
that has not really reflected inmortgages yet.
It hasn't made a hugedifference.
Yeah, so we're hoping thateventually that will, and
there's a lot of stuff going onaround the world right now in
the news and I still think thathas buyers a little bit weary,
absolutely, yeah.
(08:22):
So, yeah, that's where we're atright now.
And then, in case you guys arewondering too, I know we always
um tell single family homes thatare on the market, but condos
and townhomes are at 1802 andthose are always a little bit
less um than what we see insingle family Um.
So we have some listenerquestions.
Courtney Bohm (08:40):
Absolutely yeah, looking forward to going through
some of those?
Trish Williams (08:43):
Yes, definitely .
So our first question we havecame from Pamela, and Pamela
says she has a home for saleright now and it's not getting
any offers.
The builder that she bought thehome from is still selling
homes.
They're selling them at a lowerprice and they're offering
lower interest rates, and shewants to know what she can do to
(09:05):
get her home sold.
Courtney Bohm (09:06):
Well, that's a hard one, pamela, that it is,
you know.
Looking at interest rates aswell, obviously you know new
home builders.
Some of their rates are verylow, yeah.
And why is it that they can dothat?
Well, one, they have their ownin-house lenders.
So you know they can offertheir own incentives and their
own things that are built intothe loan that sometimes a
(09:28):
traditional lender necessarilycan't offer.
Or it'll come with differenttypes of upgrades and things
that house upgrades if you gothrough their lender.
So, as much as our rates arepretty amazing, there's only so
much we can compete with, andand so at that point I mean she
has to look at possibly holdingthe home a little bit longer.
(09:50):
Yeah, until that wholedevelopment's finished.
Trish Williams (09:52):
yeah, till the builder sells out, or at least
at that model.
I've seen times where you havea specific model of home and the
builder has sold out of thatmodel.
Then that will drive some moreattention towards your home.
But yeah, it is reallychallenging when you're
competing with the builders andwhen you don't have a lot of
(10:13):
equity because sellers can offerrate buy downs to buyers at a
certain extent right they can.
Courtney Bohm (10:18):
Typically, when you're looking at that, it
really depends if they want tooffer it.
A buyer cannot do like a two onbuy down or three, it just
depends.
The seller would actually haveto contribute to that.
So at the end of the day, ifshe also wants to lower the
price but she has to be willingto do that.
You know, sometimes if you'recompeting with other homes that
(10:39):
are just as new, just as pretty,it's how can I be different?
Or what can I offer to getsomeone in and get someone to
purchase?
And you know it just, I guessdepends on how ready she is to
go and what her motivation is.
Trish Williams (10:52):
Absolutely, and it all does come down to price
and concessions.
If that's your competition,you've got to shine brighter
than the competition, and a lotof times that's in price,
unfortunately.
I know nobody likes to hearthat, but that's just the truth
of how it is, and I have aclient right now that has a home
for sale in a new constructioncommunity where they're still
(11:16):
building and the builder willnot allow signs in the community
for cell signs, open housesigns nothing.
So that is a I found out thehard way.
That is a common thing and thatdoes you know.
I mean, it's not that everybuyer is going to contact you
from signs.
We've seen our sign marketingdecrease over the years, but
(11:40):
it's still an avenue that youcan't use.
You can't utilize that.
Courtney Bohm (11:45):
I mean, maybe you know from what I've seen like I
had friends who bought in Lenarand you know the price of their
home.
The equity grew so much onceeverything was done, yeah, so it
almost seems like waiting untilthe entire neighborhood is done
and completed.
That's where you're going toget your most value.
Trish Williams (12:02):
it seems like Well, in new construction, one
thing that happens almost everytime is they sell the model home
last, and the model homeusually sells substantially
higher than everything elsebecause it's the model home.
Courtney Bohm (12:15):
It's beautiful, it's perfect, it's upgraded.
Trish Williams (12:17):
It's the most attractive home they sell, so
that does when the communitycloses out.
You have a really goodcomparable that can increase
your home value.
Because once it becomes resalenobody cares if it's the model
home or if it's a regular homeor anything.
Those are all looked at in theresale perspective.
(12:38):
When an appraiser goes in thereas the same home it's the same
floor plan, same square footage.
The upgrades vary slightly andmay add a little bit, but when
they're looking at it on theresale market it usually doesn't
have that effect.
Courtney Bohm (12:52):
And so I think at that point you know her best
bet is lower the price, Lowerthe price, or possibly wait a
little bit.
Trish Williams (13:00):
Wait till they sell out, absolutely, absolutely
.
I agree with that too, and I dothink the market's going to
come around and strengthen overthe next couple months.
I was hoping it would happensooner.
Not seeing that happen sooner,but I do have confidence in this
market that it's going to getbetter.
Courtney Bohm (13:18):
I mean, and now that it's the holidays, what do
you typically see?
Yeah, it's going to get better.
I mean, and now that it's theholidays.
Trish Williams (13:22):
what do you typically see?
Yeah, Well, I do see, usuallyin December.
December is usually a lotslower, of course, you know,
than the rest of the months ofthe year, but we do get a lot of
those end of year buyers likemy CPA said, I have to buy a
house kind of buyers.
Right, we do see a lot of thoselast minute want to make a
purchase before the year closesout.
(13:43):
So we do see a little bit ofactivity in December.
It's not that bad and usuallythe people that are shopping in
December are super motivated.
Courtney Bohm (13:52):
Absolutely.
I think anyone shopping aroundthe holidays means business and
they're ready to go.
Trish Williams (13:56):
Yes, absolutely .
I agree with that.
There's usually a reason.
Our next question is Daniel.
Courtney Bohm (14:02):
Yeah, it says.
I heard that there's a loanprogram that uses the income
that the home produces toqualify instead of my income.
What is that?
And so that was such a greatquestion because, bringing the
lending aspect to this show,what I really want to do is
showcase different loans once aweek and maybe loan programs
that people have no idea existor you know, just to give people
(14:25):
a better idea of what isactually possible.
A lot of people, when they'rethinking of loans, think of
standard bank loans, and there'sjust so many other options out
there.
Especially, you know, movingforward, there's so many people
that are self-employed andpossibly don't show all their
income.
Yeah, self-employed andpossibly don't show all their
income.
We like to say that most do,but the reality is that you have
(14:46):
to really look at differenttypes of loans and what that
person does and what loan wouldfit them best.
So there really are some greatoptions now, and this loan is
called the DSCR loan, so it's adebt service coverage ratio loan
.
So that's what he's asking andI'll kind of go over that.
So this loan is prettyincredible.
Okay, this loan most peopledon't know about, but it's an
(15:06):
amazing loan for investmentproperties.
Trish Williams (15:09):
All right.
So this is someone that'sbuying a property strictly for
income purposes.
Courtney Bohm (15:15):
For an investment , right?
You know there's people whohave tried to get things over on
us.
But yes, it is not to be livedin.
Okay, so it is not to be livedin by the by the owner, correct
as a primary residence, right?
So this is a type of loan thatthey do not look at at all your.
They don't look at if you havea job.
They don't look at your paystubs.
(15:37):
They don't even care if youfile taxes or not.
Are your pay stubs?
They don't even care if youfile taxes or not.
Are you serious?
So this loan is prettyincredible.
This loan is really ideal for aninvestor who, and most
investors that we've seen that,are serious about investing.
They have three, four, fiveinvestment properties already.
So what happens is on atraditional loan.
A lot of times, when you go tolook at their debt to income,
(15:59):
it's just way higher thangetting a traditional
conventional loan done.
So the great thing about thisloan is no job verification.
They don't even have to have ajob.
So as long as they have somemoney, some money to play with
and they have decent credit,typically on a loan like this,
you're looking at 640 or better.
(16:19):
Obviously, the higher thecredit, the better the rates.
But the great thing about thesespecific loans is they are
considered higher risk, but therates aren't even crazy.
They're in the higher sevens onaverage.
That's not bad At all.
And so here's what's amazing.
When you do this loan.
It's so simple.
We don't ask you for pay stubs,taxes, nothing.
What we're really going to lookat is they're going to actually
(16:41):
look at what the house, theinvestment property, is going to
be generating per month, andhow do they find that out?
So typically they have anappraiser come out and they'll
do a fair market assessment ofthe home and what the houses
around it are comparable to andhow much they could get per
month for the home.
Trish Williams (16:57):
Okay, so based off what the other homes maybe
have rented for, Correct.
Courtney Bohm (17:02):
So a rental assessment right, it's going to
be a fair assessment because weall know there's that one house
where someone's charging waymore than maybe what it should
be.
So there's going to be thatdone and it'll tell us if it
says $2,000 for the month iswhat the appraiser says that
they can get.
Typically the mortgage has tobe, on the new loan, equal to or
less than.
(17:22):
There are some variations inthat, but that's kind of a
standard.
So as long as the house isgenerating on a monthly basis
what the mortgage would be, thenyou're good to go.
So with that specific loan, 20%down is typically what they're
going to be looking for.
Trish Williams (17:37):
That was the next question I was going to ask
.
I had a feeling, yeah, and thenyou said you do have to have
some cash.
Do you just have to have thecash for the down payment or do
they require to see a little bitof reserves or cushion?
Courtney Bohm (17:49):
So typically they're going to look at some
reserves and every brokereveryone is a little bit
different on those guidelines,but usually they're going to
want to see on average three tosix months and, like I said,
they are going to look at creditand things like that.
That will take a factor intothat.
But I've done those loans andtheir debt to income was like
231%.
(18:10):
So the person owned a bunch ofdifferent houses five, six,
seven different houses and hejust wanted to keep buying
properties.
Trish Williams (18:17):
Wow.
So with this DSCR loan, are youlimited to the amount of those
that you can have as long as youhave the money?
Really, nope, wow, Wow.
That is amazing.
That is, I mean, definitelygives people an opportunity to
buy investment Absolutely.
And right now, with the, youknow, we're seeing price
(18:38):
decreases.
We're seeing homes at moreattractive prices.
There's probably a lot ofoptions out there for people as
far as that goes.
Courtney Bohm (18:46):
Well, I think in a lot of people assume that you
know if they've came into somemoney or something like that,
but they can't show income, thatthey just can't do anything,
and that's just not the case.
As long as you know the houseis going to net, you know a
certain amount of income, thenwe can look at that.
And as long as they have themoney to put down and some
credit, it's really just such agreat option for someone who
(19:07):
wants to invest in property.
Trish Williams (19:09):
What about homes On traditional loans?
You see homes that on theappraisal there'll be conditions
.
It has to meet certain criteriaas far as livable.
You can't really buy a truefixer upper with a regular
traditional loan.
How does that work with DSCR?
Courtney Bohm (19:27):
So those guidelines vary.
Typically, they're going towant to see, if they're going to
invest in it, that it issomewhat livable.
That it depends on what type ofwork it needs, right?
If it's like the whole roof isdamaged or there's something
extreme, it still needs to belooked at.
It still is going to have anappraisal done, so it can't be a
(19:48):
house that's just completelynot livable, correct?
They're not going to do a loanon that.
It's already considered ahigh-risk loan, so it has to be
somewhat in livable shape.
If it's little things here andthere, like needs carpet or
paint cosmetic things Absolutely, and that's going to depend on
also how strict the guidelinesare for that specific broker or
whoever is getting the loan doneas well.
(20:08):
So we work very closely withthem and, like I said, if it's
absolutely not livable, no one'sgoing to lend on it unless
you're doing like hard money orsomething like that.
Trish Williams (20:16):
Yeah, and one thing I've seen with people that
do buy investment propertiesand people that have that are
seasoned in it, that do it.
That do it often, a lot oftimes, all they're looking for
in the beginning is to breakeven, you know to, to have that
income be the same amount astheir as their payment, you know
, or some or or less basicallywithin the criteria because
(20:40):
they're looking at the long game, less basically within the
criteria because they're lookingat the long game and over time
they know that either thatloan's going to be paid down or
go away and of course there'sgoing to be appreciation in the
rental market that that amountof income that they're receiving
is going to increase.
Courtney Bohm (20:56):
So definitely fits in the criteria of a lot of
people that are looking topurchase investment properties
and the great thing about this,too of a lot of people that are
looking to purchase investmentproperties.
And the great thing about this,too, is a lot of investors are,
most of them, self-employed andthey don't love necessarily
people looking at all theirstuff.
Trish Williams (21:10):
Well, when you're self-employed, a lot of
times people try to look for themaximum deductions they can
because taxes are high and it'sanything you can do to offset
that.
That's what they do.
So, yeah, you do see that netincome a lot of times very, very
low, yep.
Courtney Bohm (21:28):
Yeah, and investors just love that loan.
It's just, it's simple.
We don't ask for any of theirpersonal really, you know we're
not looking at their taxes orany of their income and they
just like it.
It's just simple, it's easy,it's quick, yeah.
And the rates aren't bad, Iwould think that, something like
that, would be in the nines,but it's really that's not a bad
rate, so that's definitely agreat program.
Trish Williams (21:48):
Check that out, and you guys do offer that.
So people can contact you forinformation on it.
Okay, so our next one is Lisa.
Um, lisa wants to know how shecan find out if someone died in
the house she's going topurchase.
That's a fun question.
In Nevada there's a lot ofstates that have that as a
(22:12):
mandatory disclosure and inNevada our seller disclosures do
not have that as a mandatorydisclosure.
You only have to disclose ifsomeone died in the home.
You have to disclose it if thehouse killed them.
So I don't know, likeAmityville or whatever, but
(22:36):
that's interesting.
It only has to be disclosed ifthe house itself killed the
person.
That's interesting.
It only has to be disclosed ifthe house itself killed the
person.
Um, so there's, I've heard ofwebsites where you can look up
this information.
I don't know the integrity oror light or or the reliability
of these websites.
Like died in the housecom issomething I've reliable.
(23:00):
The source is, I've heard youcan Google the address and if
there was ever a news story.
Courtney Bohm (23:05):
I mean I was going to say it'd have to be
like something that wasabsolutely on the news,
especially here, to really seethat, yeah, unless you move in,
and then your neighbor tells youwhich I'm sure happens a lot I
know people that they moved infrom California and they said,
yeah, the neighbor came over andtold us, you know, the lady's
husband died right here in theliving room and they're like I
wish she wouldn't have told usthis and, you know, kind of
(23:26):
awkward.
But I actually Googled it andit said that I think there's
only three States now, as ofcurrent, that have to disclose.
Really it was saying Alaska,california and South Dakota.
Trish Williams (23:36):
Yeah, okay, and I've heard that in Texas they
have to disclose if the house ishaunted.
So that's a fun disclosure, butwe have to disclose if it's a
meth lab.
I always feel like like youknow, you're trying to be like
super professional talking tothe seller and then you're like
hey, was your house a meth lab?
So, um, yeah, we have.
(23:58):
We have some odd disclosures,but die, um, someone dying in
the house is not one of ourdisclosures that we do have to
disclose here.
But, yeah, always talk to theneighbors, because the neighbors
, if you talk to a neighborbefore you purchase, they will
tell you everything.
Courtney Bohm (24:13):
And then, once you purchase, they always tell
you everything that maybe youwish you would have known before
.
Trish Williams (24:17):
Yeah, absolutely so.
I was out with buyers last weekand there was this group of
neighborhood kids that just theywere just like walking down the
street.
They came up and startedtalking to us.
Oh my goodness, my buyers werelike, no, we don't want to live
here.
They told us dirt on everyhouse in the neighborhood.
These kids, they were like 12and they just spilled the beans
(24:39):
on everything and they were like, well, this house does this and
this guy does this and this.
Courtney Bohm (24:44):
I was like wow, you're like get away kids,
interview the neighborhood kids.
Trish Williams (24:49):
Yeah, my buyers were like no, we're going to
pass, this is not where we wantto live.
So, yeah, sometimes questioningthe neighbors, and they usually
are free with information.
That they are especially thenosy neighbors.
Yeah, especially the nosyneighbors.
(25:12):
Yeah, especially the nosyneighbors.
Yeah, so some communities haveand I have this in my community
and I've noticed that a lot ofthem have it.
So I always tell people go onlike Facebook or social media
and see if there's a communitylike group or page.
Sometimes they have like a pagefor the community.
That's just that specific.
If it's in an HOA or somethingwhere they have communications,
I mean they don't usually talkabout someone dying in there,
(25:33):
but you know, sometimes there'sjust neighbors talking, you know
, and you can get an idea.
Not only get an idea aboutwhat's going on with that
specific house, but just get anidea about what's going on in
the community like communityissues or sometimes community.
I mean I think if people lookat our community page they'd be
like, wow, this is a greatcommunity because our neighbors
(25:53):
are super awesome.
Courtney Bohm (25:54):
So I love that.
Yeah, my brother.
Um, they live in Michigan, alittle different, but their
whole neighborhood is all on oneFacebook group and they always
do like you know, like yard saleor who wants this.
We're getting rid of it andit's just really cool to see.
I'm actually part of it justbecause I like to watch.
It's weird, but it's just cool.
They have like a greatcommunity and they all like know
each other and it's just prettyawesome to see.
Trish Williams (26:14):
Yeah, that's how ours is.
There's 72 homes.
We do like movies in the parkevery every quarter and we have,
like you know, communityneighbor like barbecues and
stuff like that.
And it's it's great, like whenyou're, when you're buying a
home.
Some people like to, especiallyin Vegas, just like kind of be
in their home and shut the doorand never talk to anybody A lot
of people.
But I do enjoy living in aspace where, like the neighbors
(26:38):
you know, it just feels like,because you also, security is
always an issue, no matter whereyou live.
You also know someone's lookingout for you, knows you, know
who you are, what's going on andif they see something that
looks unusual, they're going tolet you know.
Courtney Bohm (26:52):
I think it's amazing to have great neighbors,
yeah.
Yeah, it makes you feel saferand just better overall.
Right, if a weird car is parkedin front.
You know, you know thateveryone kind of has an eye on
everything, on what's going on.
Trish Williams (27:02):
Yeah, one time I left my garage door open on
accident and my neighbor's likehey, your garage door has been
open for a couple hours, youmight want to shut it.
So, yeah, it's nice.
It's nice things.
So thank you everybody fortuning in.
It looks like that's our showand if you are watching us,
please like, share, subscribe,tell your friends about the show
(27:25):
.
Feel free to share any of ourclips on social media.
I do think we make them allpretty shareable.
You can check out our link treeat wwwrealtycheckvegas.
That's where you can sendlistener questions and now that
we have a loan officer with uson the team here, so you can
definitely ask any mortgagequestions as well.
(27:46):
So we're super excited aboutthat and, courtney, I am so
excited to have you on the show.
I'm so excited.
I had a great time.
Thank you, so did I.
I look forward to the futureshows that we have.
Next week we're having acommunity spotlight and we're
going to be interviewing MarkSchaefer with my Vegas Magazine
and he's going to tell us aboutwhat he's doing here in the
(28:08):
local community and a little bitabout the magazine and what
they do and what they offer.
So that'll be fun.
We do community spotlights thelast, the last week of every
month, and that's where we justtalk to people in the community.
Courtney Bohm (28:20):
I love that.
Trish Williams (28:21):
Yeah, so thanks , guys.
Thanks for tuning in in.
And, courtney, how do peoplereach you if they have more
questions?
Courtney Bohm (28:26):
so you can give me a call at 702-416-6918 or
cbone b-o-h-m as in mary atjfkfinancialcom all right,
Trish Williams (28:36):
and you can get a hold of me at 702-308-2878
call text.
that's the best way to get ahold of me and and we will see
you guys next week.
Bye, bye, you.
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