Inside Real Estate: Navigating Relationships, Market Trends, and the New Construction Maze

Embark on a journey through the winding paths of real estate with us, Trish and Tiana, as we shed light on the relationships that blossom in this dynamic world, symbolized by the generous gifts from our clients. We pierce through the haze of media speculation to reaffirm that real estate transactions are holding steady, regardless of the recent NAR settlement buzz. Celebrating the backbone of the property market—the buyers—we unravel the complexities of FHA loan updates and buyer representation, equipping you with the savvy needed to navigate this ever-changing landscape.

This episode doesn't just skim the surface; we delve into local happenings that have far-reaching impacts, like Las Vegas' new airport and the Opendoor lawsuit's echoes of past legal battles. Diving into the market's pulse, we challenge misconceptions about tumbling home prices and inventory shortages, providing a truthful barometer on the climate of housing. We then turn our focus to the intricacies of new home construction, offering our insider perspective to help you recognize the true scale of model homes and the reality behind upgrade costs. As your guides, we aim to arm you with the wisdom to make well-informed decisions, whether you're listing or looking to lay down roots in a new abode.

Transcript

Speaker 1: 0:16

Hey Vegas. Good morning Vegas. Thank you for joining us back at Vegas Realty. Check your local Las Vegas real estate news show. Here we are. So, before we get started, I'm Trish and I'm Tiana. Yes, and before the throw us off guard, here is I was showing Tiana my lovely gift that my clients gave me this jewelry that I'm wearing today. I do want to give a shout out to Kiffer and Darcy. I love you guys. Thank you so much. This was so unexpected and so gracious and so lovely, beautiful, yeah.

Speaker 2: 0:52

If you're on the uh on, if you're listening to us and you're not actually watching, then you can't see it. But she got these beautiful diamond and Pearl necklace, bracelet and earring set as a client gift.

Speaker 1: 1:02

Like I I, I usually give gifts to my clients, but never expect anybody to give me a gift. So they brought me a closing gift that was so sweet, so very kind and I love it and I'm excited for it. But that's not what we're here to talk about today.

Speaker 2: 1:17

No, but it is nice to express gratitude, so I really love that we get to do that here too, because we do build a little tribe in a community and everybody's out there Awesome. They show up every Thursday at nine 30 to watch us live on the Facebook. They download and record us and we appreciate that. So thanks for liking, sharing, subscribing and being part of the tribe.

Speaker 1: 1:36

Thank you, vegas. Um we, uh, you know there's um news, um I you know, I've I've seen a little bit there's lots of news.

Speaker 2: 1:44

I mean there's news. I've seen a little bit. There's lots of news.

Speaker 1: 1:46

There's news happening in the world News is all about real estate these days, but mostly about the NAR settlements.

Speaker 2: 1:52

It is crazy how many different stories there are and different pieces of information I get. My sister from Florida called me yesterday and was like what's going on with this lawsuit? I heard the Tropicana is closing, the world's imploding and I was like, well, okay, so Tropicana did close yesterday. That is true, and as far as the NAR news, all I can say is nothing's really going to change in the day-to-day of real estate.

Speaker 1: 2:24

There's not and you got to be careful. I've always agreed that the news doesn't really report.

Speaker 2: 2:34

I mean, I think I'm a firm believer that the news does not really report accuracy anymore. Everybody in our tribe knows you think that because they tune in and hear it often.

Speaker 1: 2:42

Yeah, it's more like a gossip column, do you remember? When we were growing up what was that called the National Inquirer? Oh, yeah, yeah, yeah. I feel like all media now is the National Inquirer.

Speaker 2: 2:53

Well, I think that the headlines for this whole NAR settlement are a bunch of clickbaits because, they're saying like home prices are dropping because of this. We haven't seen any facts or any data Wait till. We get to the numbers because our numbers are showing the opposite of that.

Speaker 2: 3:10

But here's the thing If we take anything away from this NAR settlement and it happens to be my favorite thing is that no real estate happens without a buyer period. If somebody's not buying real estate, there's no real estate being sold into conversation. And I think it's about time that these sellers have that moment in the sun where every agent, every brokerage, everybody is talking about the buyer, the buyer, the buyer, and they are now brainstorming finally on how to help the buyer get the funds, how to best service, help the buyer get the funds, how to best service, and I'm seeing like a thousand agents all over social media going, telling or expressing their value on why they're a valuable buyer's agent and stuff. Now and it's about time that you know they got that attention because I believe in real estate everything was so list heavy.

Speaker 1: 4:00

Absolutely. And on top of that, the loan programs. Fha made a revision to their loan program recently, which they always had a max seller contribution of 6% where the buyers can, in addition to that max contribution which allows for buyer's brokerage compensation to be paid for by the seller. So there's revisions being done, there's people in the works, Things are already happening. This is such a short timeframe from now till July, especially in real estate world, Cause we're in like 30 days. You know everything's 30 days out. We're almost there, yeah, so it's uh, but things are moving. Things are in motion and I do feel like something good will come out of this.

Speaker 2: 4:56

I already think that something good has come out of it, and then I think a lot of nothing will come out of it, because it's like's like when the market crashed I can't remember what those um, uh in the old loans they used to be like this bet against the house section, and then when we went through the uh recession and all of the loan stuff got reconfigured and was more ethical, so there was no more predatory lending and blah, blah, blah. It's the same but different, because now they have credit swaps which are default credit swaps, which is basically same sheep, different skin. And I think that's what's going to happen with the buyer brokerage. We're not going to be able to allow a co-op in the MLS. That's the big verdict. No co-op in the MLS.

Speaker 1: 5:45

But people will be able to request it in the offer.

Speaker 2: 5:46

But I think they're just going to reconfigure a way to do it. They're already doing it.

Speaker 1: 5:50

Yeah, yeah. So it is be careful what you're reading on the news, because they will definitely lead you in the wrong direction. Yahoo, I believe it was, let's cite the right source here they posted an article that said commissions are always negotiable. Of course, all of that, we know that We'll repeat that a trizillion times. But they said you'll be able to get buyer's representation now for $500. And I'm like who are they working for?

Speaker 2: 6:27

Okay, so I think that's going to happen. I think that's going to happen because there's always an air of desperation with people, and so I think that some agents are going to be desperate enough to do that. It's going to be like taking the 1% listing, though it's going to be like a bit of a bait and switch.

Speaker 1: 6:42

But there'll be different. There might be a small section of people that do that, but just think about this scenario for just one second. Okay, how easy is it to find. Well, let's see what is the average. I mean, there's no average commission, but you know, like a lot of the payments which is not commissioned on rentals like referral fee Right.

Speaker 2: 7:20

So on rentals, it's a referral fee and in the Valley it basically ranges from like $250 to, if you're very lucky, $500 for a referral fee to go out and rent one property.

Speaker 1: 7:32

Okay, now what is the agent's duties on that If they're showing a Zip zero, nothing, because they're not clients, they're not clients, so they just open the door, send them on their way, right? Do you really think it's going to be easy to find an agent for 500 bucks to do an entire transaction? I don't think so.

Speaker 2: 7:52

No, I don't think that any agent will do $500.

Speaker 1: 7:55

I mean, maybe it's all negotiable, right?

Speaker 2: 7:57

It's all negotiable, you might find somebody out there, but that poor agent who decides to do that is really not understanding their value or worth. Because there is so much that goes into representing a buyer or a seller in the real estate transaction. So many phone calls, so many conversations with lenders, with title, with the clients, with the list agent. It's so much work.

Speaker 1: 8:22

And liability and E&O insurance. Let's not forget that if you end up in a litigation and you have to go to court, do you know that it costs us on average $10,000 for the E&O insurance deductible? You're not even making enough money to cover that.

Speaker 2: 8:41

Yeah, I think the people who are going to try to do the bottom of the barrel sales or the uh, maybe, uh, maybe not $500, but they're the ones that are going to sort of be the ones suffering and I think this is just going to be growing pains. Real estate has been here for generations before I was here and we'll be here for generations after I'm gone, and I think that we're just going to work it all out in the wash, just kind of like lending did, like they can't do this, but now they have credit default Same but different.

Speaker 1: 9:14

Whatever, and California just brought up minimum wage at McDonald's to $20 an hour, you're probably better off working there at that point Well, not in California.

Speaker 2: 9:25

those living prices, $20 an hour, is going to be very different in California versus like somewhere smaller like Nebraska.

Speaker 1: 9:32

Yeah, but still, I'm just, that was a joke. But you know, I mean again, know your value and there is, you know, a cost for the services we're providing. So consumers need to understand that. Yahoo you should take note.

Speaker 2: 9:48

But again, that's all clickbait and rumors and people are saying, hey, this might happen and this might happen and we could get to a point where we're doing this. But until we're actually in the mechanics of working and seeing how it goes, assuming that this all gets settled by July and we move forward, then it is what it is. But I'm going to tell you something we haven't even done the numbers yet and the numbers do not suggest prices going down.

Speaker 1: 10:12

Yes, two more things of news before we hit the numbers. Okay, las Vegas is going to have a new airport. We've been talking about it. I don't have all the details yet, though.

Speaker 2: 10:23

But go back to other shows. We've talked about it.

Speaker 1: 10:25

Well, but we have an airport coming, so, um, great yeah, and they finalized they just finalized the like approvals or plans or something yesterday. So that's all. We're going to be seeing a lot more about that. And, um, open door. I think that in a in a previous show sometime last year, there was class class action lawsuit on Opendoor. You know, against Opendoor, yeah.

Speaker 2: 10:47

I remember that.

Speaker 1: 10:48

Yeah. So I guess like they're, you know, like that's been settled or something and people are going to start getting payouts for that. But you know, I just and I'm biased, of course, but I think with like this whole NAR thing or whatever, these class action lawsuits are getting out of control. It started with like I mean, I'm sure it started with things years ago, but I remember it starting with like the Skechers shape ups. I don't know why I'm bringing this up, but like, there's those fat rounded workout shoes.

Speaker 1: 11:18

The fat rounded workout shoes. But like I just remember that being like the first time where it was like why is this so? Where it came into my head of why is this so easy and so weird? And they were like if you bought these shape ups and you didn't like get in shape or lose weight, we're going to pay you or whatever. And I'm like really, I mean, isn't it your choice to buy whatever, like tennis shoes you want and you know, call them what you want. I don't know. I just think it was. I think the whole, I think the stuff's getting out of control and I'm probably biased because of what's happening now, but I just think all of this stuff is just getting out of control. But let's get into the numbers, okay.

Speaker 2: 11:56

We're just leaping on over to a completely different subject. So, going back to the clickbait about how they think that home prices are dropping because of this suit, we do not have the inventory for that to happen. And if we look at our numbers, this week we have 3,229 single family homes available on the market, which is less than last week and the week before that. And what was it?

Speaker 1: 12:21

last week we finally dipped down under 3300 and now we're playing at that 3200 yeah, and let me just say too, I have a um, I have a couple that is shopping green valley area kind of starter home. Well, three to four bedroom, a little bit, you know I I mean anywhere from 1,600, 2,000 square foot average. That's kind of their only criteria. We're at about 525 and under. It's almost impossible to find a home if they all have multiple offers. That's not an indication of price drops.

Speaker 2: 12:55

Yeah, no, that's not. And we had 368 price decreases last week and that is again. That number is getting smaller and smaller. Our inventory is getting smaller and our price decreases are getting smaller each week. You know what's not getting smaller? The solds. The solds are not getting smaller, those are going up 534.

Speaker 1: 13:16

534. That's a good number, guys. That's a good number. We're getting into that 2,000. My favorite, if you've followed us for years, my favorite number of solds is 3,000 a month. That's a good number. We're getting into that 2,000. My favorite, if you've like, followed us for years, my favorite number of solds is 3,000 a month. That's like when we were in like real estate bliss.

Speaker 2: 13:30

Real estate bliss. Wait, are we going to have a blissful spring? Because I hope that happens.

Speaker 1: 13:35

Yeah, so we're getting closer to that number. That is just indication of a great market. Under contract 693.

Speaker 2: 13:43

That's a good number that's also going up. Those new homes aren't coming on the market as fast and the homes that are on the market are getting multiple offers and selling quick. It is spring in Vegas.

Speaker 1: 13:56

Yes, yes, it is, and real estate is happening. It is happening. So we um we got some buyer questions today or some listener questions today.

Speaker 2: 14:07

Listener questions. They might they're buyers, so are they all they are?

Speaker 1: 14:11

all buyers, huh yeah.

Speaker 2: 14:12

Usually, usually, they are buyers that write in with the questions. That's what I'm saying for so long. Real estate is always and they teach it to you right. Every coat, every real estate coach, every sales will be like get the listings and the buyers will follow. Get the listings and the buyers will follow. I never really understood that. Well, I do.

Speaker 1: 14:32

And the sign calls and the marketing that attracts. Okay, I get that part, but I always had a hard time, even like when I first like got into real estate, like the, I felt like and and I know this isn't what they were trying to say but like when you hear the messages that all the people are training, I feel like they're like you know, ignore buyers, just focus only on listings.

Speaker 2: 14:54

But and I'm like- that's the way they are.

Speaker 1: 14:56

That's business.

Speaker 2: 14:57

Yeah, but to them it's not real business, cause once you put a buyer in a home, then they're there for like seven, eight years, right.

Speaker 1: 15:05

But when you have a listing but that's seven or eight years down the line. Business.

Speaker 2: 15:09

Yeah, but when you take a listing then there's the chance that most of those listings are going to be buys in the city. If not they're buys in the city, then you might have the opportunity to refer to an out-of-state agent. But then you also have the signs, so you get potential to get buyers for sign calls and leads that go in your database. So I get why listings are the bread and butter of the real estate. But again it takes two to tango right.

Speaker 1: 15:36

I believe in a balanced business. Right.

Speaker 2: 15:38

You have to have a seller and you have to have a buyer. And the buyers have always been treated like redheaded stepchildren and the sellers have always been pampered and catered to because they're the seller. And yes, okay, we'll put your house on the market overpriced, mr Seller, that's okay. What are you doing? No, that's not helping the seller or anything else. But yeah, I think it's about time that people wake up and start handling the people who are bringing the money to the table with care. So, yay, as a buyer's agent, welcome to the world. The rest of you.

Speaker 1: 16:12

Yes, yes, I do love it. I did get. I got an interesting listening question I don't even know we're not going to talk about today, but it was about the. But it was about the settlement, the lawsuit and everything. It was very. When I got it, it came through yesterday and I was like, huh, this is a great question, but I don't know an answer to it. So we'll have to do some research on that one before we can answer it on the show.

Speaker 2: 16:36

Yeah, now you're just dangling it in front of me.

Speaker 1: 16:39

That's rude. I researched a lot.

Speaker 2: 16:45

I don't think there is an answer to that question available yet. So that is a TVD. Now I'm curious. Yeah, I'll tell you after the show. Okay, I don't know if I'm going to be patient enough to wait until after the show.

Speaker 1: 16:52

But, on that note, I do love all the questions coming in. So thank you again. If you have any questions, please make sure to send them to us. Best way to do that is through our link tree.

Speaker 2: 17:07

Yep, the link tree will be on the website and it's also if you're watching on YouTube on the YouTube channel, it's going to be in the description as well.

Speaker 1: 17:17

Oh, perfect, and that's realtycheckvegas.

Speaker 2: 17:20

Yep, realtycheckvegas and all those listener questions to us. Starting with questions for today, then let's start with Sarah, sarah.

Speaker 1: 17:28

Sarah wants to know if a realtor can sell her a brand new home.

Speaker 2: 17:33

Well, a realtor can help her buy a brand new home from the builder, but the builder is the one that's actually going to be selling it the builder is the seller. You can absolutely have realtor representation when purchasing a new construction and I suggest you do, because realtors work in the field and contracts, but they can also negotiate better with the builder and we have a little bit of, I guess, a nice pillar to stand on, since we do a lot of business with builders, especially if your realtor has a good working relationship with builders.

Speaker 1: 18:06

And here's the thing to understand, Sarah and everybody you're not hiring a realtor to open you a door or show you a house. Nope, that's an added benefit. You're hiring a realtor for representation, to protect your interest, to know and understand the contracts, to advocate for you in this transaction with experience and knowledge. And, yes, that should be something that you want even when purchasing new construction. Because, again, when you go into a builder's office model home, whatever the person that works there works for the seller, the builder Right and they're representing the seller builder.

Speaker 1: 18:51

Yes, and they're going to look out for the best interest of the person that writes their paychecks.

Speaker 2: 18:57

Yeah, oh, absolutely, and they're very good. I love all of the sales agents inside those builders. They are very knowledgeable and helpful for the most good. I love all of the sales agents inside those builders. They are very knowledgeable and helpful for the most part. I have rarely come across somebody who doesn't know exactly what they're doing in those situations. But the fact of the matter is they're not there for you as the buyer and there are things that go awry, let's say, in a contract, because it's not like a resale home where it's a 30-day contract. You're in that contract for six, eight, 10 months before that home is built. And just last year, when the interest rates started changing, we were able to adjust the interest rates on the contract with the builder because of that, because we did have the knowledge.

Speaker 1: 19:39

Yeah, and I remember, and I will never forget a time where a buyer told me that she cried at the design center.

Speaker 2: 19:49

That's my favorite place to be. Don't cry, that's my happy spot.

Speaker 1: 19:52

Well, you know, the problem is, yes, it's favorite, it's a happy spot, but you, a lot of times, you know, people will walk into the models it looks great, it looks everything, but they don't understand the dynamic of what's included and what's not included and it's really not thoroughly explained.

Speaker 1: 20:10

When I take my buyers through a model home, that's something that I bring that person from the sales office and I say walk us through, you know, if they're interested in it. Of course I won't do it on every single home, but if the buyers are truly interested, walk us through and show us what's going to be different on the home that they're purchasing this base model.

Speaker 2: 20:27

Yeah, my favorite thing to do is just show them the actual diagram of the floor plan. And you're buying this footprint of a house. The finishes are going to be different than what we're going to see when we go in here. And then when we do go to the design center, I always try and advocate for my clients who may not have bought a new purchase, a new home construction before, so they may not know that the things that go in the wall you're going to want to get done at that construction time your electrical, your water, adding an extra vanity, can, lights, whatever and then the things that are finishes are like an appliance package. You might want to buy outside of the builder because you don't want to have to pay on that interest over 30 years for an appliance package.

Speaker 1: 21:08

Right, but what is, I guess, a situation that can cause someone to cry at the design center? Besides the bill? Right, well, it is the bill. It's that you're on a limited budget, you could barely afford or complete this purchase, and then you get to this place where, there, they show you like all these things in the home aren't going to be there and it's not going to be like what that model home looks like. It's going to look like this and you can have it look like that, but it's going to cost all this extra and if you truly, in this case she couldn't afford that, that will deflate your balloon. But it is too late, yeah.

Speaker 2: 21:51

Well, when you're at the design center, then you are in the wrong side of the transaction to make any changes like that.

Speaker 1: 21:57

So in that situation, a realtor working with her could have helped her through determining that, especially knowing and understanding her budget ahead of time, determining all of that before that happened and it got to that point yeah.

Speaker 2: 22:14

Yeah, yeah, that would be heartbreaking. If you walked into a model home, thought that was what you're purchasing and all of a sudden you get your completed home walkthrough and you've got builder grade shower surrounds and uh, you know silver faucets instead of the beautiful brass ones that were in the model.

Speaker 1: 22:30

Yeah, and a lot of times you know that were in the model. Yeah, and a lot of times you know they'll brush over those things and just not, like you know, really make it a, a, uh, a defined um fact or or message to the buyer.

Speaker 2: 22:43

Right.

Speaker 1: 22:43

They're really not disclosing like hey, listen, your house isn't going to be exactly like this one, because, or at all in some cases, and if they have a standing like, if they have a ready home, that's one thing I'll make them do too.

Speaker 1: 22:55

I'm like let's go look at what you have already built, and there are so many times that the buyers are like, whoa, when you look at the model and you look at this, these look like two different homes, and in some cases they do. So that was very important. Yes, a realtor can sell you a home and yes, you should have a realtor represent you when purchasing a new home.

Speaker 2: 23:20

Yeah, yeah, because just being in the business on the day-to-day we have so much more knowledge that we even just take for granted. That can help and benefit buyers. Yes, one more.

Speaker 1: 23:31

one more note on that one, and I know I just I talk too much, but don't we both.

Speaker 2: 23:35

Yeah, let's do a show. All we do is talk.

Speaker 1: 23:38

One more note on that one I was with and I won't say the builder, I'm not going to call you out there, but you guys suck, you know who you are. I was in this one um uh condo with this new build, you know, and, and it was a, it was a condo with this um, new build, you know, and, and it was a, it was a condo. I'm there with the buyers, we're walking through and it was very small. Square footage was even small. I think it was like under a thousand square foot and I don't know two or three bedroom, like families, you know, just very small. But we're walking through and I'm looking in the living room and I'm like that, like it's a couch, like you know, I guess a three-bay couch. Okay, right.

Speaker 2: 24:15

Okay, I like that you call them a bay.

Speaker 1: 24:17

Whatever, I don't know what they're called right.

Speaker 2: 24:19

It's a bay for like parking. Yeah, three cushions out. Okay, so a couch.

Speaker 1: 24:23

Yeah, so it's there.

Speaker 2: 24:35

But I'm looking, I'm like why does?

Speaker 1: 24:37

like whoa, and I sat there and you know this is in my head Cause I'm not. You know, we're there, sales agents there with us in this place, we're walking through the buyers are like oh, everything's bright and shiny and new and I'm looking at this and I'm like that just doesn't look right. So I sat down and I'm like, you know, almost two cushions wide, on this tiny little, you know, miniature of a couch Right.

Speaker 2: 25:00

And speaking of miniature, are you even five foot, I know right. I mean, you're miniature, I'm five two, two and a half.

Speaker 1: 25:08

Okay, okay, look at you big, go get them. Yeah, but, um, but yeah. So I'm sitting there and I sat there so the buyers could have a visual. And I look up at the sales agent and I said is all the furniture here undersized? Is this kids' furniture? Am I in a fun house? Yeah, and the buyers like seen that, you know, it's like I didn't need to say anything else. They like seen the visual, they seen me and they were like wow, oh, and they're like this won't even fit a regular size sofa in this room. And I was like yeah, no, I don't think so. And the sales agent looked like she wanted to kill me.

Speaker 2: 25:39

Right, she's like are you trying to bust the sale?

Speaker 1: 25:41

lady? Yes, I am, but that you know, and I mean that was all said and done. Buyers were like no, nevermind, this isn't going to work out for us. But you know I mean things like that can be deceiving or misleading. Smoke and mirrors, smoke and mirrors, and you got and a good agent's going to look out for you know, things like that. I mean we're not, we're not, we don't have superpowers, but we do, but we don't, you know? I mean there's.

Speaker 2: 26:06

Yeah yeah. There's just an error of comfort that we have, that we are constantly looking at room sizes and even when they're zhuzhed up and staged and look like all beautiful, you still get to sort of depict it and be like is this really valuable? Is this worth what they're asking for?

Speaker 1: 26:22

Right, right, you do have to be very cautious. Indeed, yes, so down to three minutes. Which question do you want to go to next?

Speaker 2: 26:31

So not doing three questions this week. Okay, get it. Uh, we can just go right down the line to Rachel's. Okay, my husband and my income combined is about $200,000 a year and we own a home already, but we want to start investing in real estate and it's hard to come up with enough cash for that 20% down payment. Is there any way of having a less of a down payment in our first time investment or any suggestions on how we could start investing Right?

Speaker 1: 27:03

Definitely a lender question on if there's other options or other things out there. Yeah, not that I know of.

Speaker 2: 27:09

Oh well, there is a conventional loan and it is for investment purposes. It's 15% down instead of the 20% down, and then you take the rent that the property will rent for so that they can qualify. So it's no income or taxes, they're using the income of the property. So if you can come up with 15% down, you can buy an investment property if it rents enough to cover the mortgage.

Speaker 1: 27:38

Yes, I do remember hearing about this program and that's a conventional loan.

Speaker 2: 27:42

It is conventional.

Speaker 1: 27:44

One thing to keep in mind the lower down payment, the higher the MIP and the higher the rate, especially on investments, those rates get pretty ugly.

Speaker 1: 27:52

I know a lot of time lenders will suggest, instead of even doing a 20%, you go 25 or 30 because you can have a more favorable rate and cost scenario on that. However, all that aside and yes, sometimes it's hard coming up with the cash even if you make good income, which I think 200,000 a year is pretty good income even if you make good income, which I think to 200,000 a year is pretty good income, yeah, um, there, uh, if you own a home, you can do um and I've had many people do this as a cash out, cash out refi to help you come up with that, um, that down payment, that initiate, that no-transcript is but wait, there's more, wait, there's more. It depends on how much equity you actually have. Some people have a lot of equity in their home and pulling out the entire amount for that investment property from there can have a more favorable rate if you have enough equity to do so favorable rate than a rate on an investment loan and you can use that cash to purchase.

Speaker 2: 29:20

Yep, yep. So there are ways to absolutely use the property that you already have to get money to get the investment property. And if you do have the ability to save the funds up to the side and do that 15% down, that's a good one. But you're right, higher rates and those are great lender questions and we have lenders on the show periodically so you can go through the playlist and talk to a few different lenders if that's something that you're interested in, just to see what works best for you, because really, with lending, it's so specific to you your credit, your income, your life that it's really best to talk to a pro.

Speaker 1: 29:58

Absolutely, and if you want to get connected with a pro or a lender or a pro realtor, who do you contact?

Speaker 2: 30:09

Well, they can contact you and you know lots of lenders. How do they get?

Speaker 1: 30:12

ahold of you, trish, 702-308-2878. And Tiana, you also know lots of lenders. I know lots of lenders, a plethora of knowledge. So how do people reach out to you?

Speaker 2: 30:24

They can call me. Text me 702-379-9948. Make sure you come back here next Thursday at 93030 and we will be going over all Vegas news and information. If you do have listener questions, make sure you send those to Vegas Realty no.

Speaker 1: 30:42

RealtyCheck Vegas. Yes, I'm going to throw that at the end. Realtycheck Vegas. And we are a Vegas, not a com. We are not, so you know where to find us right here in Vegas, Right and Tiana. Next week is going to be our market update, oh yeah.

Speaker 2: 31:01

We're in April Yep Market update, so we'll talk about everything that happened in the last 30 days in real estate numbers. Prices which, unlike the clickbait that you're seeing out on the internet saying prices are dropping. I doubt that, so come back next week and find out the real scoop.

Speaker 1: 31:17

Yes, absolutely and thanks Vegas. Thank you for joining it and we'll see you next week. Bye, have a great week.

Speaker 2: 31:24

Bye.