Wesley Knight  0:00  
This is a KU NV studios original program. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education. You

Monique Buchanan  0:41  
Well, I just love that intro. Hey guys. It's Monique Buchanan from the Welcome Home Show, newly being called the Monique Buchanan show. Yes, yes, yes. We are changing the show's name to the Monique Buchanan show. All right, I hope you guys like the ring of that as it is my name. No, but, um, we're happy that you guys have tuned into the show, and we've got none other than Miss Rebecca coins, hi, Becky.

Becky Coins  1:06  
Hey, Mo, I love the new ring. Thank you, girl, you're a

Monique Buchanan  1:10  
little biased, as you've been my friend for 20 Yeah, just a little bit. So guys, thank you so much for tuning in. Last week, we were talking to you guys about grant programs that are still out there, me and Becky are praying that they last, right? I'm hoping we don't want you guys or your kids or your grandkids or whoever you know that may need a home or has a goal for 2026 to purchase properties, to miss this opportunity, because it can be gone by like, you know, at any moment, right? So as of now, we still have the $20,000 grant that has around 700 slots left. This grant is limited. It's first come, first serve, and it is only for specific areas of work. It's actually called, you know, I think it's called the workers grant, but anyways, it's, it's covering

Becky Coins  2:01  
the their education system,

Monique Buchanan  2:04  
yeah, anybody working in education, medical construction? Yeah, that was pretty cool. I like that. They, you know, are covering it for construction workers. You know, too. They deserve it, yeah? So, just so, you know, this is a very when we say you have to work in these fields, you don't have to be a teacher, okay? It's our understanding that you can be a bus driver, you can be a janitor, as long as you are employed by something along the lines of education as well as medical you can be the front office clerk, is what we were told from our lenders, right? Yeah. So it's not like you have to be a doctor or a nurse, yeah, yeah. Yeah. Your credit score has to be 640 and above, and you cannot make any more than 142,000

Becky Coins  2:49  
to 350 142,003 50.

Monique Buchanan  2:52  
That's the income limit on this particular grant. Guys, they're giving you 20,000 towards your down payment. $20,000 towards your down payment, you can buy all the way up to $830,000 which cracked me up, because I'm like, if my income limit is 142 but anyways, I'm not gonna go back and forth. That's the lender's job, right? Those numbers, I'm just gonna hate we're just regurgitating Okay, so that's what we were told. I was like, the math, ain't math and but anyways, they are giving up the money so you can buy a big, nice house. I guess that's the point of that. Yeah, highly unlikely. I think it'll be 800,000 but anyways, yeah, there you go. Now, mind you, we still have many other grants still available. We have a nationwide grant. You only have to have a 620 credit score for that grant, and remember, we can help you in all 50 states. Okay, I'm actually helping a couple people buy over in Ohio. I love Ohio when it comes investment. Both of them are investors. One is a veteran, and the other ones are civilians, but they're both buying in Dayton Ohio. What I love about Dayton Ohio is you can pick up a property out there Becky for like 190,000 80,000 right? That mortgage will only run you maybe 12, $1,300 a month. But here's the beauty, in that area of the the country, you can turn around and rent that property out for 15, 1600 so you're you're making cash flow to find those pockets you know where you can invest and make cash flow like that is not easy. So that's what we specialize in guys. We will direct you in the the areas where you can go buy. We don't just sell Las

Becky Coins  4:26  
Vegas, no, we sell all of I just help one close in Washington again,

Monique Buchanan  4:29  
Washington state, there you go. Yeah, we both closed many in Washington State, California, Georgia, Florida. We're all over the place. So we're helping you guys. We're helping you navigate what's gonna make sense for you, right? So I let them out to Dayton, Ohio. In fact, shots out to Monica. Monica, she's bought multiple properties out there. And then I said, You know what? I had, my veteran said, Monique, I would like to invest somewhere outside of Vegas. I said, I got you, in fact, one of my other girls, you know, my investor, my. Monica, she's doing Dayton. Let's take a look. And sure enough, yeah, the numbers made sense. So now I'm going to be hooking him up with our girl out in Dayton and Austin, building that portfolio. Yeah, yeah. So anyways, that's what we're here to do. Guys, however, we can get you into a property. That's what we're going to do. And we want to make sure that when we do this, you understand, feel very confident in your decision. We go over all your options with you, make sure that you're crystal clear on the numbers. Anthony's great at that to make sure that you don't have any hesitation. And if you do, we want to hear about it, right? That's right. We don't want you going in blind, no.

Becky Coins  5:34  
So I want to walk you through it all. Any questions, we're

Monique Buchanan  5:37  
here absolutely. Even if we're not in Ohio, we will still answer the phone anyway. So 7029 84 3700 702-984-3700 we have many grants. And what I mean by that is you don't have to worry about it if you don't have a lot of money saved up. Okay, if you're like, well, Monique, I'd love to buy a home, but my grandmother told me, or my parents told me, I need to put 20% down. Well, that's a lot of money.

Becky Coins  6:03  
You know, it is, especially with the prices nowadays, right? So even if, if

Monique Buchanan  6:07  
you were told that you had to put 20% down, and you're believing that right now, and you're looking at even just a $400,000 house, that's 80 grand, yeah? Who's walking around with that? Not a lot of people, not today, honey. So here's the good news, you do not have to put 20% down. What happens when you put 20% down and while your loving family members are telling you that from back in the day and even whatever they mean well, but don't let that stop you, because all that does guys is it drops a couple $100 on your mortgage. The reason is, whenever you put 20% down, you drop basically insuring your own loan. That typically costs 150 to depending on the price of the home, maybe $300 so if your payment was 1500 you don't have 20% down. Well, guess what? Now it's 1650 so you only have to put 3.53 and a half percent down if you have been renting for the last three years, you are now able to put 3.5% down because you are considered a first time home buyer. Becky, does it matter if they bought a home five years ago and they short sold it? Nope. Doesn't matter if they were on their their auntie's house as a co signer years ago and she sold it no man first time. So if you do not own a home for the last three years, however, that looks you've been renting. You don't have anything in your name right now. Yes, you are able to put 3.5% down and get yourself a house. Okay? Not 20% you don't have to do that, okay?

Becky Coins  7:34  
And I love with these grants like 20 you get $20,000 and then right now we're still getting those closing costs. Yeah, we are. That's just lowering. You're not gonna be paying much out of pocket at all.

Monique Buchanan  7:43  
Yes, that's absolutely right. So you've got zero down. You're pretty much set up like a veteran. You're zero down, just like a veteran. We've gotten people money back, their earnest money. So when you buy a home, it's almost like putting a deposit down, right? Like, let's say you find a house, the typical earnest money is like three grand, right? So you put the $3,000 down. Say, Mr. Seller, I'm very serious about buying this property. Here's my money to show you that I'm serious. I'm invested, right? It's your skin in the game. So then when you buy the house, a lot of our people that use grants, or if they were veterans, got that $3,000 back, because we got the closing cost for them. Yeah, that's right. Jacob did. He got a little check in the mail. There you go. He got the check in the mail because you guys, when you buy a home, you've got two costs. You've got your closing costs and your down payment. Well, if we're sitting here telling you, we can cover the down payment for you through our grants that we have access to, not everybody has access to them. We have access to them. Our lender has access. He's been approved. 7029, 84, 3700, 430, 700 if this is not for you, you know somebody that has told you their goal this year, 2026, I want to buy a house. You say, You know what? 7029 84 3700 I listen to her every Saturday, and I'm gonna go ahead and tell you her information. So welcome home. Show 91.5 at Gmail is my email. You guys can follow me on IG at Monique Buchanan, that's B, U, C, H, A, n, a n, so last week, we didn't get to talk to our veterans. And you know what? I'm gonna let you run with that. Because you know what it is near and dear to my heart, it's near and dear because her baby is an active military

Becky Coins  9:21  
Yes he is, yes he is. And he was real scared. He was super, super scared in the beginning. But man, have I watched him be all Mr. You know, confident, and he got a little cocky. I ain't gonna lie, because

Monique Buchanan  9:35  
he's still young, he can build a great portfolio. You know, I had one of my veterans that we sold them a home two years ago, he just called me, said, Mo, I'm going to get deployed, but I want to buy something before I get deployed. It's going to be a little minute before it gets deployed, because I want to buy another house. So his goal is to buy a house every single year that he can. And how smart is that? Buy a house zero down, live in it for. One year, then rent that one out. We'll help you with that. Then turn around and we go out and buy another property. You're gonna look up in five years and have five homes being paid off by renters. Yeah, and you're gonna continue to make money on each one of those homes, because every year the value of that house goes up, which is your money.

Becky Coins  10:17  
And the crazy part about being a veteran is that benefit can get used over and over, because you just refi that you get the new one. So now, like I said, my son, I think he paid $1,200 total for that house, guys. So in another year, he can do that again. In years time, the other $1,200 and he owns another home.

Monique Buchanan  10:35  
Yes, that's somebody else is going to be paying off for him. And he

Becky Coins  10:38  
the other one that we just closed in Washington, same thing, one of his closest friends saw what, how, what, everything worked for him. And they were kind of nervous. They were working with somebody else. And they were like, yeah, they're telling us, this isn't gonna work. And I'm like, What are you talking about? Right? No way, no way. You're doing better off than he was, you know, they had married couple. They doing much better. I was like,

Monique Buchanan  10:58  
you have to have the right people. It's just like, with anything, you know, you know, some people are putting in full effort. Some people are not, you know. Some people are like, Oh, you're not a slam dunk. So I'm not going to take the time to figure this out for you. I'll just move on to the next person. And unfortunately, it is what it is. You know, with anything in life, any career, you're going to have good and you're gonna have bad, yeah, and you know, are people that just don't want to hustle. Some people

Becky Coins  11:23  
just look at it as a job, and they look at it as the money. I think we just have passion. We have a lot of passion behind,

Monique Buchanan  11:29  
yeah, a lot of them look at it as a side hustle. Is vacation money for them. So they're just like, and I'm not bashing them, I'm just saying the truth. It's the truth. Some people see these, um, Instagram realtors, and they think, oh, I want to be exactly that. And, you know, and it's so funny, because it's not the truth. Let me tell you. Don't be fooled by those Instagram but anyways, so it is what it is. And we've been, we've had so many clients over the years that have been told they will never be able to buy a home, and they were ready to give up several until they gave our team a shot, and they're they have a home today. They're listening right now, and they're going, that's absolutely true. We've had them on the show, yeah, we've had a few of them tell you, Hey, we were told we will never that our credit was too bad, or this happened and that happened and this will never happen. One was one of my best friends. Yeah, sure was so. Anyway, so veterans, there are so many ways for you guys to really use that entitlement to bless your entire life. What do I mean by that? Like the young man, he's gonna buy a house every year. That's so that is so stinking smart. By the time, I think he's like, maybe 2829 something like that. I don't remember he's he's younger than me, so but by the time he's my age, he'll choose to work and not have to work, because the the cash flow, the rent, by the time he gets to my age, all the money is gonna be making all those properties that he bought in his

Becky Coins  12:46  
20s, 30 years down the line, everybody else has paid off their mortgages, right? Owns them outright.

Monique Buchanan  12:50  
Now he owns them outright. Every penny he gets from Rent is going in his pocket. Why didn't anybody hit me over the head when I was 20 I wish. I wish, where was the Welcome Home Show money Buchanan show when I was 21 but honestly, so here's another way to do it. Veterans. Did you know that you can be one of the only people I know that could put zero down on an investment property? What do I mean? So that same young man was at first looking at buying a almost million dollar four Plex over by the sunset station, okay, yeah, all four units already rented out, right? So those four units were bringing in roughly, I believe it was $5,800 a month, wow, for rents and they were, the property manager said they were due to go up on those rents next month as well. So they're gonna raise the rents. That's what happens in Vegas. I was gonna say like we keep talking, we have no rent cap. They're gonna raise the rents. They were two bedrooms and three bedrooms, so two, two bedrooms and two three bedrooms, right at around a million dollars, so close to it. So his mortgage as a veteran, not a civilian. Civilians have to that's when you do have to put 20% down. You can get lucky and get away with 15% in some cases, but just tell yourself 20% which means he would have had to put, put 160,000 down, right? For his 20% if he was a civilian, then he would have to come up with the closing costs on that as well. Right? Yeah, we can negotiate the closing costs. Let's pretend that we do now that he is a veteran. He does not have to put 106 he doesn't have to come up with $160,000 he comes up with nothing for his down payment, zero down, zero down for a four Plex unit. Now closing costs will negotiate that for him. Okay, so he may have to come out his pocket a little bit with the closing costs just depending, but still zero down on an investment property. Here's the catch, and I don't even think it's really a catch. He has to live in one of the units for just one year,

Becky Coins  14:56  
and that's it. And the other properties pay his mortgage. All the

Monique Buchanan  14:58  
tenants are paying his. Mortgage while he lives basically

Becky Coins  15:01  
somewhere for free. For free, I can bank some money. Hello,

Monique Buchanan  15:06  
because his mortgage payment on that property was going to be roughly about 4800 to 5000 but it's pulling in 5800 Hello, and He's smart. He's so smart, the only reason he pivoted to the one year buy a house every year was he said, Well, you know, I don't know if I'll be able to to stay in the in that unit for one year. I think I want to just go ahead and get a house, because he's got dogs and things. Yeah, so I get it so, but as a single man, especially, or single person, or even if you're not, heck, it was a two bedroom if you have kids, even one year is not a long time. No, to avoid putting $160,000 on now he moves out. Now that unit is back to four people, four, you know, units, units being completely rented out. And now you've got almost a million dollar property gaining equity every single year and being paid off for you by tenants,

Becky Coins  16:05  
yeah, and the next 30 years when it's done and paid for. Just think about that.

Monique Buchanan  16:09  
I can't even think about that. That's crazy. Now imagine grabbing a couple of them.

Becky Coins  16:16  
You know, come on, is it too late to sign up?

Monique Buchanan  16:20  
I think we're a little too late to get into the military, plus I am so out of shape I couldn't pass that test. Y'all don't laugh at me when I went to Albania. What last last month to go see my daughter? It was It wasn't hilarious. It was terrible. Actually, I was in Frisco, and I had to catch my flight. And if you guys have been in San Francisco, that's a huge airport. And I, when I got off the thing, I said, Well, how far is this gate? They said, Oh, that's a that's a little ways. I had a backpack and was pulling and I was so out of breath. Oh, wow. It was bad. I had that cramp in my side. I said, my goodness, for the first five minutes, you say I got this before you? Yeah, I thought I had it. Oh, I thought I had I thought I was in good shape. And I'm telling you what, The man laughed at me when I finally got to the gate, because I was so out of breath. Did I make it? He goes, Oh, yeah, we don't leave for another 15 minutes. And I swore to myself, I'm like, That's it. I've got to get in shape. But anyways, yeah, I definitely can't get the millions. Yeah, we're

Wesley Knight  17:15  
past that. Monique Buchanan has served the community for over 10 years, helping homeowners, probate, families, first time buyers with zero down grants and investors nationwide, serving all 50 states and 24 countries worldwide. 702-984-3700, at realtor Monique Buchanan on Instagram, the Monique Buchanan team experience you can trust. And now back to the Welcome Home Show.

Monique Buchanan  17:40  
But here's the point, guys, there's ways to take advantage of this entitlement. You are owed it. You deserve it. You deserve it. And wait a minute. Mo, credit score wise, Oh, please. That's a lot of them think that they have to have stellar credit. You can be in the five hundreds as a veteran, and you get the lowest interest rate of everybody else. You don't got to fight for it, and you get a tax break. You know, all of you veterans, you probably already know that you can, you know, have a cheaper registration for your your car. You also can opt to just have cheaper taxes on your house, which lowers your your mortgage payment. I know, so it's, you know, you could do either one. It's, there's so many benefits to it, even if you're going to move well, Monique, you know, Jake, what if I get, there's so many people on base that will rent that property for you, like you were saying, that's

Becky Coins  18:25  
what he said, Yeah. He was nervous. He was like, well, maybe next year, but what if I, you know, I don't want to stay here. I'm like, so what roll out, and if you move, if you get orders to move, that one year doesn't matter.

Monique Buchanan  18:36  
Yeah, you don't, yeah, that's absolutely right. So if you get orders, and can prove that you're getting, you know, deployed, or whatever, then that, like she just said, it's fine, you can still rent it out. You only not do with the one year if you willingly are choosing, you're choosing to move away, right? You're exact. That's well, put exactly, right. So keep that in mind. That's a great point to be made. So if you get deployed, you will not be reprimanded in any way from the mortgage servicer because you're getting deployed, because you'll just show them I'm being deployed. Yeah. Okay, so that's great. So keep that in mind, you guys, 702-984-3700, we are here to assist you in all of your real estate needs. Okay, so veterans, this one's near and dear. Makes me sad when I have to say this. But if you unfortunately are the spouse of a fallen veteran, yeah, you are still able to be blessed by their entitlement. Okay? So just keep that in mind, because it can be a blessing to somebody out there. You know that has, unfortunately their spouse has fallen for our country, yeah, and so that is still there for you, yeah, that entitlement still goes to their family. So just keep that in mind, okay, that that entitlement very well, still could be there for you to take advantage of for you and your family. So keep that in mind also you guys can. Buy multiple purchases, as long as you can prove that you can afford it, the rules change. You can buy multiple under your entitlement. Okay? So it's not a one and done. Oh, I already bought one house with it, the house I live in, I bought No, if you can afford it, you can buy others. So Anthony will go over those things with you. I don't want to step out of my lane. I am not a lender, okay? So I'm just regurgitating. You know what my lender has educated me on. So to get more information about that, 7029 84 3700 we can look into all this for you, it's a five minute conversation. Okay, so 7029 84 3700 welcome home. Show 91.5 at Gmail, and my name is Monique Buchanan. You can follow me at realtor. Monique Buchanan, and that is on IG, all right. So now tipping folks, that's something else that's near and dear to me and Becky's hardest we used to be in the industry, in the service industry, we worked, what, 15 years together, back almost about 15 years, right? Probably. Yeah. So the beauty in working in the service industry is a lot, like a lot of our archpan Nourse, you know, you may make a little more than what's on paper when looking at you, right, but it's not on paper, right? So then you're like, Okay, I know I make this amount, but it's not on paper. So what can I do? Because the lenders and the banks want to see it on paper.

Becky Coins  21:25  
Yeah, and like the Wild West days, we just said, Hey, right,

Monique Buchanan  21:29  
that's why we that's why, that's why it's safe to buy now, because back in the day, you could just say what you made and they believed you and wanted, no, we're not doing that anymore because of what happened, obviously. So now you have got to prove every every red cent. But we have options. We have options. So even if they don't want to necessarily buy right now, or maybe they're like, Well, I know I can't buy a primary for myself right now because I would have to show that money, there's always a bank statement. So if you are saying, hey, I want to buy a primary for my family, you can do there is an option called bank statement loan. What you'll do is you will go ahead and put your tips in your bank account. Just deposit them, let them hit your account. I don't care if you turn right, back out around and take them out, but they do need to hit your account, okay, so that you have a paper trail of what you're making for at least six months. Right? That way, we can provide that to the banks, they can say, oh, okay, well, she says she makes 5000 a week in tips. Well, here we go. We can see it right here. She's, you know, every night after work, she's put in roughly 5000 a month. Well, that's proof, guys, that's all they need. Yeah, and if you're like, well, what's the beginning of the year? So you can actually also, I know, back when we did it, you could, what is it when you claimed your tips? Oh, the tip allocation. Yeah, you could do the tip allocation. It's the beginning of the year. You could start doing that right now, you know, start doing tip allocation. And, but a

Becky Coins  22:51  
lot of people, yeah, so a lot of people have that tip allocation, which is usually an agreement. It's usually much lower than you make. Some people can choose, choose to bump it up. And I have had people do

Monique Buchanan  23:01  
it, and that's right. So hey, for this year, you made more than you normally do. That happens, guys. So for this year, while you want to buy a house, oh, look at that. You made more than you thought and claim it. For this year, you know what I mean, if you want to go back to your old way afterwards, hey. But for this year, if you, know, go ahead and keep track of that. Of course, I'm not a CPA, but these are things that I've heard people do, and it's worked for them, because they have got to be able to prove what you make. Yeah, so they have to have some kind of a paper trail to approve you for that $500,000 house you want. So bank statement, just put your money in there, let it hit the account, so that they can actually see the proof that you're making these tips. And that goes for, you know, anybody can use it, even business owners. So Uber drivers, 1090 nines, you could do the same thing. And then the other one is to do your tip allocation and just go ahead and claim what you actually made on tips. So there's that. Now, here's something else, if you're like, you know what? What's the another approach? Okay, here's another approach where you don't have to show any of your financials at all. You don't have some money saved up. You have money saved up. You have good credit. Good credit, meaning you're, it's at least 680, or higher, and you have some money stacked away. Or you have a 401, K, hey, you've been at the company for 20 years. You've got 80,000 whatever you need in there, right? These are options for you. Maybe you owe taxes to the IRS. Maybe that's why you're not purchasing any investment properties, right? You're like, no, because I can't show my financials right now, whatever your reason is, even if you're an entrepreneur where you've only claimed that you made whatever and your business isn't making any money on paper, you know, it is what it is, or your tip person, and you can't claim what you make on paper, whatever you have the option of doing a no. It's like a no docs loan, right? This loan will allow you to purchase investment properties without looking at your financials at all. Now it is a it is a 30 year fix, so it's not an arm up, down and all around, no shade. Business, none of that. So it is a 30 year fix. But here's the catch, you have to put 20% down, which you'd have to do on an investment property anyway. You're not living in this property. This is not going to be your primary property. You are just buying properties so that you are not left behind with, you know, investing in real estate because of your whole I can't show stuff, right? So 20% down, 680 credit score or higher, you cannot live in the property, I believe, for up to a year. But you might want to talk to your servicer when you get the loan to make sure now you're able to buy as many properties as you want, as investment properties. Here's the catch, where me and Becky come in. We have to make sure that whatever property you do buy, that the mortgage will be covered by the rent, okay, and we can prove that we can do that. So in other words, if we tell you, Hey, you're buying this property at $200,000 you're picking up a cute little three bedroom town home, and you're gonna rent it out, and your rent on that property, you'll be able to pull in about 1700 a month. But guess what? Your mortgage on the property is only 14. Hey, even if you can pull, if I can prove rent at $1,401 you should be good to go, because it just has to be able to cover your mortgage. You can buy as many as you want with those following things. Guys, 20% down, 680 credit score, and that you can go ahead and prove that it can pay for itself, basically.

Becky Coins  26:27  
And I just want to add one thing I love is we do put our money where our mouth is, because who used a DSCR loan

Monique Buchanan  26:33  
I just recently did, yes, you did, and my tenant who didn't two days ago, thank the Lord. So yeah. So that's a blessing. You guys believe in it. We really do. Yeah, yeah. We're not just talking. And thank you. Becky, so I plan on, if God says the same, I plan on trying to pick up two more or maybe three more this year, and we'll just see what the Lord says. But right there with you, yes, you are, because the 20% down guys, that 680 credit score, I'm going to be making $500 cash flow every month off that property, and my tenant is paying that property off for me. Yeah, and we pray that you have a blessed weekend. We appreciate each and every one of you guys sending us those referrals. And hey, if you ever have questions, the number

Becky Coins  27:12  
is 7029, 84, 3700,

Monique Buchanan  27:16  
until we hear from you, have a great weekend. Thank you for listening. Please remember all terms discussed are simply an estimate. My license number is S, 1788, 46, my phone number, if you'd like to contact me, is 702-984-3700, you can also find me on YouTube.

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