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How did it go, sir? How was your experience? observation? Yes. No, in general it is It was a wonderful day. I saw many wonderful places. It was great. to spend time with you. Hello everyone, it's me, Kevin. Today we We are going to St. George's. , Utah, and then to Vegas, to look at real estate, as well as we will go to separately Boxible factory to to see what they have what happens to them a small department building houses .
Let's see, how far are we to the actual delivery of some Boxable units. Enough excited. So, in there are many of us today affairs. It is 8:09 am. Let's sit down. plane and let's see, how quickly can we to do all this so that I was at home to to wish good night with your little one children. Perhaps, even ride with them on a scooter.
Come on. I am working on with your notes for Boxible. Meanwhile we now about 30 minutes drive from Saint- George, Utah. And I I'll tell you one thing, no. nothing better than pilots waiting, that I will play in "Top Gun" on take off, and then suddenly burst out "Barbie" Girl". Well done, dude. It It was terrible.
I am there, damn. I need my tequila. [ __ ]. The funniest thing is that crosswind, which they called, it was much lower than was really. It was terrible. Yes always happens in the mountains. It was just cold wind or mechanical turbulence, whatever that means, dude. Well done. Well done, dude. Welcome to St.
George, State Utah. Once upon a time this the area really received some precipitation from the accident on nuclear facility in Nevada. And people who grew up and got a small dose in the 60s, had a higher frequency problems. Now, probably this no longer is happening. AND many of these diseases disappeared from 8 years old.
You didn't see no abnormal bursts. Simply so interesting small historical fact. You have it here. median income 27925, which is slightly lower than per capita income population than that, to which we usually accustomed. But the level poverty is only about 11.3%. You are you on southwest Utah, and you see that approximately 64%Mormons in this area.
Let's see, What kind of houses will there be? further. Here the roof is made of wooden floor. This is madness. This one has The guy has higher insurance. premium. Let's Let's see. You have it here. metal roofs. THERE ARE many, many differences. This one has The guy has a metal roof. He is wonderful.
House in ranch style. What is it? This, Oh, is a blooming park Blooming Hills. Good. Yes. Our goal, you know , this is the second half year, good? And, um, everywhere we go we can add value, and then to hand it in long-term rental . So no short term, right? Long term. When I talked to May, saying that you most interested athletics, I, of course, open to your thoughts and views.
In general, I think that easy to assemble track work. Uh, we, uh, I'm working on it. real estate as broker about 13 years, but I stopped to do, uh, sales. So, uh, I found that paths are easy lease. If we need them sell them easily sell. Uh, us like this one liquidity. Therefore we we are trying stay away from unique.
Uh, we we want to be away away from busy roads, uh power lines high voltage, something unusual. Uh, we don't like unusual additions, you know, for example, people passing by through the bedroom to to get to another one. Just tell us, what did you do a builder, essentially. But if we can to find something exactly such that, I think, quite suitable for rent, and I would like to hear your opinion from about this, but what still has what it is simply painted originals, I think.
So, unpainted versions of this, right? I tried. compare places with in the footsteps and, uh, which are ideal will fit where, you know, we have senior ratings classes where people want to live. So I actually gave you a lot of data. Thank you very much. Um, that's actually census reports population, usually this was a few years ago.
So, this is the newest report that took place for 2021. Thank you for that. It's been like this since I was 21. A lot has changed. Good. Good. Yes. So, in this area, that is a river that flows right across St- George, Virgin River . Good. Um, all the way south from the river is considered more desirable district.
Bloomington- Hills built around the field for golf. Previously it was a private field for golf. Now it belongs to the city. Good. Golf course. Therefore, We are now in the South Bloomington Hills. If we cross him, then we will get into North Bloomington -Hills. So, you have real estate. It, probably the lowest price , which you will find in this area.
Emm, if you go up to Northern Bloomington Hills, is several areas where there are houses worth over a million. Oho. How much would you they said that in you pass on average for rent? Something on like: What is this? Three and two, I think. Yes. That's 32. That's all we have. we see today. Good. So, I actually do this printed.
Hmm, this is based on HUD data. Hmm, and it talks about fair market value rent in Utah or in St. George. Hmm, and then I'm certain determined in a way the difference between fair market and median. Hmm, even if fair market rent the fee will be what HUD wants us to provide, you know, housing for at a lower price.
Hmm, and that's where we are at. We are now. Now, this house here, I would say that you, probably costs from 22 to 2300. So maybe a little through the district. Well, no. And simply Let's move on to the median. So, fair market rent there will always be a fee below the median. They always are lagging behind.
Why the tenant wants to be here ? Yes. What makes people er, er, come to stay or to go? What would you usually do? said? So, and this is just a few examples. Good. So, the climate that us today, there is anomaly. 300 days. Oh, so you are very similar to Arizona. AT, Yes. This is still...This is interesting.
Now, hmm, we have usually mild winters. It is extremely cool. Hmm, but we have days when the temperature exceeds 100. And I I'm sure you heard. the difference between dry heat and humidity. IN us in the South Florida has very little humidity. So, when you...Yes. When you...Oh, this terribly. So, when you're here on the sun, hmm, when it blows wind, it creates the effect is as if you open the oven and too fast you bend over, and you do you feel that this your...this is your 100- degree day, right?
You can go into the shadows, and it's cooler there. When there is humidity, do not It matters where you go. You are leaving. Of course. Hmm, that's true. attracts here many people for active recreation . So, we accept... Amy's husband— professional triathlete. So we we accept two iron men. Hmm, and isn't one of them qualifying for Horse?
Hmm, yes, last time , Kona, host world tournament, because we accepted it last year. We also accept Saint's marathon George and the multitude other races, but Saint's marathon George is qualifying for Boston Marathon. That's why it's like this here many campers and something like active recreation ...Yes, national.
This is great. Yes. So, we we are behind a few hours from Zion, Bryce- Canyon, Capitol- Reef and Grand- Canyon. Oh, I understand. Hmm, we have it too huge community pensioners. Good. Because of the weather. We have many so-called " "snow birds." People are coming here in the winter, and then are returning to north in summer.
And wherever you are typical, let's say, homeowner with 3-2 people, maybe 42- year-old homeowner, e -uh, a couple with children, uh, where would they usually be worked here? Hmm, this is everything I have in these data. We have actually there is many entrepreneurs, which work for themselves. So, um, we, I think, we are also the capital multi-level marketing (MLM).
Oh my God, this is wonderful. But larger companies, such as doera, etc...Hmm, we have a huge one here construction base thanks to our growth. Now I missed the last one economic summit. Of course. Ahem, but I want to say that we have somewhere between 16 and 20% private property on the ground. So we have so much space for growth.
Yes. Yes. Yes. And it seems that yours the population is growing, especially in the postal service district. Have you seen any changes in this direction, when some people say, "Oh, I confessed during "coming out" and now moving again to the cities? No. I would say, um, from Las- Vegas, Pacific Northwest, California.
Yes. Um, in I really like it. the last few years there were probably four- five clients who moved from Midwest, Virginia and East coast. Oh, that's interesting. Therefore, why people, why someone sells, and then, if they leave the area, leaving the area? So most sellers, with whom I collaborate, just improve housing, not leaving area.
Improving housing with him. Of course. But now many people who...I have on I mean, in the Postal Ohio it was something on kind of movement behind tiny houses where they want to reduce living space, and now everyone wants home office. They want a place for teaching their children home. People here, in Yuti, many children.
I I don't know if this is it. Mormon part, Yes? He is rather ours. ordained Mormon, we said... Good. Perfectly. Hmm, but regarding work, I mean Tech Ridge, and I believe what is in this report, let's see, I I think Tech Ridge is it nickname? No, that's the real name. So, Tech Ridge is place where I used to be old airport.
This is relatively closer to city center? Yes. So we actually near the center cities. That's why I I love being here. I I can go to motorway and be in in the city center, probably in 4 minutes. Oho. Hmm, I could also pass by , hmm, just urban streets and... Oh, yes. You could just take, hmm, bring them this way highway, and then you will be right there.
Oh, okay. Hmm, yes. So, I have one, two, three, four houses here, in southern Utah. So, in I have one, which is located directly in city center. Good. Hmm, you are trying to remove him through Airbnb? Hmm, actually, it is long-term goal, because he is in historic district. Therefore, with Airbnb is difficult here.
You must be in specially zoned area, probably closer to city center. IN in the city center, or in we actually exist zoning for this. Good. So, hmm, Airbnb is here too actually imposed moratorium on this some time later...Yes . And they... I see it everywhere. So many Airbnbs everywhere. So what is this?
I would like to know what Airbnb works well. Yes. So, Tech Ridge— this is amazing addition, um, to communities, and what is Tech Ridge? This is a district. So, let's Let's see. I think What is...No, no. Tech Ridge is on...He is located near boulevard, and I want...I thought we This was printed. IN you also have these areas here, near Home Depot Acres.
That's true, but that's... So, the university has buildings there. They have, um, Av. Dixie Tech is there. I I mean, aviation , but that's not true, like Dixie Drive and all that. Golf club, golf course Sunbrook Club. So it's really like spine between... It's like a plateau on the side. Of course. I...Okay.
Yes. Yes. And you know, I forgot about the southern part, where You got off, I don't know, Did this bring you down? River Road, when you arrived, did it lead to, um, there is an industrial zone, where we have huge distribution centers. So, we have distribution center Walmart. OK. Um, we have distribution center Dollar Tree, but I have to mind you, we're on to something like a hub, because we now in an hour and a half hours from Las Vegas , and traffic jams can last about two hours.
Where are they from? fly out, or just take them out of here trucks? This is great. Thank you. I I'll quickly look around, and we let's move on to next. Let's let's see what we have . So, the traditional coverage for the elderly school routes. In the 9s This was often the case in the past. . Well, that's nice.
So, in You have a ceiling from 1985. Oddly enough, today you are not really like that You often see this because, er, you have one or two floors, which, obviously, usually have an open area, but in many new buildings just they make 9-foot ceilings, and they don't They make arches. If you think about it, then to build in this way much more difficult.
THERE ARE -eh, so just take 9 feet and not Make a vault. Make it so that seemed a little bigger. Six-panel door, enough classic. It's still here. , uh, small color switches ivory. Light small update, you know. Here's another easy one small update. You can have a good time here. make a body out of fiberglass.
Can easy to upgrade it to , uh, white, by sawing it. Old school, come on. Let's just paint it. You see, that's why I don't I like to buy. repaired things other people because they apply matte paint on this hanger for towels. She will be very soon black and dirty. Not just because people come out of the shower and they grab her, but also because what you put and you take things off.
Uh, it seems that they used egg a shell on the wall, and then glossy or semi-glossy gloss on the ceiling in corridors, which is quite bright. So some there are no options here absolutely my favorite. It's a bit like, uh, You know, I hate it. it's talking, but it's something like that that we often say that it's something like " sell and go, where are you just quickly update your cabinets.
You see, even these cabinets should not be matte. They must be at least semi-glossy. That, that it is flat, uh, big mistake. Therefore, we have it here completely mica countertop. THERE ARE- uh, but yeah, it's something on sample of a typical, It seems it was three- two. This is similar to yours. The main one is here.
They new carpets were laid, rug. Uh, you have this. similar to a distribution box for smoke detector, but not on the lamp, but then it is not possible would be to switch. I wonder what they are. placed here. I already seen there smoke detectors earlier, but perhaps That was not true. Oh, this How cute are they?
done. So, this is now a big topic, because people make such dark- blue cabinets. This is really good. Normally, you would chose a pen here golden style. And I don't I'm talking about the old one. gold. I'm talking about new brass gold, which look like pretty good. But this good. Uh, it was possible.
b, you know, this actually good. It not bad. I am not I'm going to complain. on this. I like it. I like it. Uh, for my Thompson is here , this is so old gold finish. She clean, you know, clean. Uh, obviously, if we bought, we would look for something a little dirtier and shabbier, isn't it? Yes? Uh, where can we to do such painting work.
So, some of this is already deprives wedge-shaped. 2- inch blinds with artificial tree. Very , very classic for rental property . Here. So, this is, um ...Yes, these are 2-inch artificial tree. Uh, It looks like you have some stratification into real double-glazed window. THERE ARE- uh, you can see humidity, which looks like she is inside the window, between two panes of glass.
So, it begins minor damage double-glazed window. Not big problem, but These are the little things that I would pay attention, because in future me will have to replace. By the way, if you're wondering why I am traveling for business. real estate, then this in order to become the best expert on all these different markets for househack.com.
It my startup in the field real estate. Now we we are raising funds for rated one to one for accredited investors. And if you invest until the end month, you will receive additional bonuses warrants that are something . You don't need to learn more about this on on the website househack.com. But in April or May 2023 year we have open this investment round for non-accredited investors through regular auction, which will be really cool, and we hope that you will join us.
We will to raise funds for with a score of one to 1, which means that for each dollar raised by us this is the company's valuation. For example, if we we will attract 50 million dollars, company will cost 50 millions of dollars. So you're not really suffer from no blurring brand or company. This is really rare.
it happens when, uh , you are considering startup. So we are very We are glad that we can offer company, investments and company shares for with this score of 1: 1. Now, as soon as this raising funds will be completed if our predictions cash flow will be like us we expect, us, maybe not will have to again to raise money for quite a while for a long time.
Maybe even before the IPO in the future. AND, knocking on wood, we are very happy prospects companies. Therefore we would be happy to welcome you on this journey. Just go to househack.com to learn more. Yes , wooden look, isn't that right? This would be perfectly. And especially with rent. I really don't like carpets in rented premises, but at least not in the zone movement.
Yes. Do you see? many people who are here they put vinyl boards? And how do you do it? you see, considering How is the weather here? Some influences or preferences? Differences? No, I mean, in us very low humidity. I have on mind, if only in someone will not be flooded , you need to pull out him, dry him and put back.
But I would prefer tiles. Porcelain tile. Yes. Indestructible. Children throw things, she immediately bounces back. Change tenants. You know, this quite a small area for carpet, so the most affordable would be replace it carpet, but long-term availability in full hard surface the floor would be ideal.
Yes. Yes, of course. Yes. So, here we have two bedrooms, and then one, probably made of another side. Okay, that's great. . No, I agree with you. Yes, I will pass...De third bedroom? I am her missed? She's up here. AND, Here she is. Oh, how interesting. And therefore, Oh, yes. This is beautiful. Previously we needed there was a closet so call it a bedroom, and this one has a closet so call it a bedroom for evaluation, but now, if there is a way out of it window or door, we call her bedroom.
Oh, that's interesting. But is it really three-room apartment . Good. Steeply. OK, let's move on to next. Jesse says, "You a wonderful person and pretty good agent ". Yes, he is wonderful. So, these little ones scraps like this are that where to go attention. OK, maybe earlier the roof was leaking, especially in an apartment in bolted area.
Maybe you have more a few leaks, this not a big problem. Maybe just needs to be fixed a certain area, but you would like to know which one Was there a story there? AND simple little things, on which can be specified. Usually you can quite easy see these defects drywall. They, probably fixed this themselves, based on installation method drywall.
Uh, you know, someone who earns a living drywall, could do a better job. This is the yard of normal size? Uh, okay. So, this is a little more. More. And this is because cold bag, on which we are in, apparently. OK. I noticed that he had entered here, I saw that in one was wooden bristles obviously original, old.
Then you have a lot tiled roofs. Some people do metal roofs. AND There is a concrete mixer there. AND then you have the tile that usually seen in California. Uh, she is looks absolutely new. Oh, the yard. Yes, that's what I wanted to say. What regarding the rent, I I see that there are people who want to rent.
Some people don't want to a large yard, because not want the tenant to left it in their hands hands. Yes. Um, so often when in I have clients who buy a rented one real estate with lawn, I say just hand it in rent and include it in rent, so that the tenant from her refused. I have on I mean, you, probably will have to pay from 5 to 8,000 dollars for resale, and so on.
Yes . AND what did you want to say about asphalt tiles, do you just noticed that there was asphalt tiling? Um, no. Therefore, asphalt shingles here, probably, will serve you 20-25 years. Good. Tiles are everything life, if people They won't go to her. AND some Christmas decorations. So, on some tiled roofs, like you will see, there is a stove or something like heat pump from above.
And when they do it they do, they usually do a piece of asphalt to you could get to access to it, not walking on the tiles. Ah, interesting. That's good to know. Uh, and then this, uh, something like easement or something like this. I mean , this applies specifically to areas, right? Court. Yes. The boundary of the plot, probably passes somewhere exactly here.
Yes. IN in any case. Good. This...Now I noticed that your electrical shield not really at home or outside house. This is normal. ? Because I see the counter is here. The counter is usually in garages. Oh, you have it inside. IN to another house it is outside. I just got signal, so turn it off. Yes. Yes.
Yes. And yours? tenants want call service service. IN Are there any of you here? aluminum crane or kit. Well, it's definitely him. modernized. They, probably did it with roof. This protects your, uh, wood from the elements. Thus, you have less rot wood. So yes, interesting that this specific area built from individual houses, and this explains why we have so many different roofs and different styles .
Yes. So, so what are you...Oh , thank you, Mikey. Mikey, Mikey, bring it here. it. Oh, we should add a link to Amazon in the description. Well, but yes, I mean, therefore you see, uh, brick-lined in front, here plaster, here siding, uh, plaster in style Arizona, house ranch with a giant by the fireplace here, you know, this is more like your stuck 2000 style house year.
This is very interesting. I mean, this is... me in general like this feeling stability, but good to know. Uh, and in there are many in this area trails. So, uh, I I like it so far. St. George. So, when your first time are you meeting with agent in the new area, which are yours intentions to start? For example, what are the first key questions you Do you want to bet?
No, actually, it's not. so important. What important, that's it construction mutual understanding and relationships, wherever you are didn't go? Uh, real estate is business people, so you you should...uh, you Do you want people to wanted to work with you, right? So, uh- Well, I'm very excited. different things, so I want to make sure that I give other people time.
speak. Uh, and uh, and they give you, they they tell you great information. So if you too can you take this into account, you won't remember all during your first meeting. You meet again with agent in in the future, everything will start to sound familiar. Oh yes, I am. I remember this. I I remember this.
So, with sometimes, the more often you you will drive, so more experts in a certain industry. For example, next time when I will visit Saint- George, I don't will need to put the same ones questions, but some I will start to see things, and oh, I remember, I I remember, I remember. This is really important.
This is how you will become expert in this industry. But you want build this contact, uh, with your agent. Very, very importantly. Yes, it is very good. Uh, you know, I really surprised that even without condominiums it is very good well-groomed, and you have it here very consistent style of houses.
Almost everyone looks like almost one-story 32-storey, maybe 42-storey. So very consistent construction. People really different are facing their houses. They install solar panels. Good observation. It house in the style Florida. Uh, yes, but if you have a cheap one electricity, there is no point use solar energy and build good ones here houses.
Some of them brand new. Yes, I was curious. to hear your opinion, because these indicators in general are not tracked. They are all... No, that's... that's normal, because they are all like that consistent. Uh, 32, 42, uh -uh, you know, 1600 feet there for 32 or 1400 sq. feet there for 32. I I can set it up.
Uh, that's easy. You noticed an increase in the last 30 days or about that? Yes. Yes, of course. Because prices have risen again for the last couple weeks, but it seems to many people managed a little reduce the price. Semi-gloss painted wood outside. That's how it should be. do. This is already a good sign.
What is this? Is the net here? It seems they... Good, you did a little damage garage door. They ideal. I already I like it. Single-glazed window window. This is expensive. window for replacement. So, this is what we're talking about. it will take a little while work harder. You see, we have this. I like it.
It house from 1992 construction. You also have there are some stains on ceilings in several places. So, perhaps, this is closer to roof covering. AND, yes, I like it I like it. Me I like dirty. carpet. In fact, here there is a certain space. Uh, Do you have kitchen utensils here? 90s style cabinets.
Sometimes they laminated, which is significantly makes painting difficult , but these are actually wooden, which is good. THERE ARE- eh, if they are not very damaged, and these, you know, need little care, to clean and polish a little. By the way, that's exactly what we would buy. This is great. . I mean, these old cabinets, countertops , household appliances, unusual colors, Carpets are perfect.
Uh, you see, even floor transitions– I like it. That's right. Exactly. It exactly the thing that we would like to buy. Uh, that's, um, right, you know, they bought brass fittings here. You see, because none of this is so complicated. Some cracks here from property settlement. It ordinary, um, crack from subsidence.
None What's there to be afraid of? Simply , um, you know, I have mind, look at it. In your bathroom Laminate flooring in the room. This the material bubbles and is deformed because shouldn't be there, where there is water. Who would have it? did not install, look at this. They cut off around the toilet.
You you have to lift the toilet, and then put floor. Uh, this is quite funny. Therefore, um, I mean that there is some work here" "do it yourself", but not like that there was a lot of love invested in this place. So, uh, old people The bedrooms are here. AT, wardrobe. This is beautiful. Oh, this is the master bedroom.
Oh, yes, baby. Carpet in the main room bathroom. See, that's what I'm talking about. I say. This is perfect. This is great. There again laminate. He just terribly crunchy around, um, there, where your fasteners and decoration. It terribly. Someone is this painted. This is old. mica countertop, which is essentially similar to Thin-ply MDF laminate on top, but then someone decided to paint it, because she was already chipped and damaged.
Fair saying, she probably already seemed in rent, but someone doesn't very qualified, erm, in my opinion, based on how it is was. But that's great. I like it. So, uh, how much, for your opinion, Will this place cost? Baking supplies in this area. Again, the area of this place. This is for 14 15 square meters.
feet. Let's say, let's say 1500. This is newer window. Besides, many. Oh, what is this? 2000 feet. 2000 here. Wow. Come on, come on, come on. So, for example, if you invested $25,000 , and paid for price list 399,000 dollars, then you will get 400 thousand. Put 25. A if, say, this cost 525 dollars, this is a contribution of 100,000 dollars.
These 80-100,000 dollars, after that, how are we all we will repair it our golden mean. Yes. Because the flippers want more. So we can do a little to go under the flippers, and easier to make deals. Easy, I think, to resolve the issue privacy here . Maybe a few trees or something like that you can plant here, when will you remove the back part, and then you will refuse.
It good. I really like it. like this one property. It was nice property. Tell us about himself. Your name, number phone: Samantha Orbin. Um, I I work in the field real estate in southern Utah is already 17 years. My number phone 435229-6748, and you you can find me on orinrealestate.com. About RV. Hey, how are you, dude?
How are you doing? Good. Pleasantly to get acquainted. Yes, Of course. Jesse, truth? Yes. Oh, great. This is Alex. Oh, hello, Alex. Pleasantly to get acquainted. Yes, pleasantly. This is great. So, this is obviously attracts. Is there a condominium here? Yes. Good. Perfectly. Me actually I like condominiums.
It better for rent, if they allow rent, you know. They allow. Good. So, you have a condominium for 55 dollars. This real estate has 1.69 feet. Good. Um, and we're going see three. I crossed out one because agent is incorrect marked it. He marked it as a separate family, and this is not Yes. Good. Good.
Not worry. What are you see, uh, uh, with points of view durability tenant here? Usually they Are they stopping? Yes, they stop. Good. It's not far. from the city center or something like that. It approximately 8 minutes, Yes? 20 minutes. Oh, okay. Not even 8 minutes to Olive- Garden. I saw Olive- Garden.
I am: I am once was in downtown St. George. You are probably 15. minutes. Of course. So I I actually live in Hurricane, and me need the same amount time to get there to your office in downtown St. George, how much and to whom, say, in Little Valley, or you have just been to Bloomington, right? Yes, exactly.
So in Bloomington it's 15 minutes, whatever you want did. I need only 23 from Hurricane . Oho. So what is the difference between Hurricane here too? Hurricane is much less. So there is only about 30,000 people. Oho. Good. Good. It's quieter here. Of course . Maybe more land . But it's windier here. .
Ah, windy. Hurricane, because in Bloomington was It is quite windy. Yes. Well, the Hurricane is landing. in the valley, and therefore he is located right in... Oh, that's where it comes from. What is its name? What's in this? beautiful, that's it that, firstly, these houses are much newer. It architecture in the style 2000.
Concrete roofs. The best thing about this is that that people who know the area, everyone knows problems with the area, all problems with builders. So It's that simple. Almost as if you don't even need to be inspected. You you can buy them almost blindly. Of course you don't. are you going to do, but, um, but you know, What defects are there in district.
So, concrete tiled roofs...I have meaning that they will be better insulated. You have newer two-layer windows. Uh, you have water-repellent screeds. Good. So very few people know about this, but, you know, in many old people there are no houses water-repellent screeds, which in basically allow moisture to come out of walls, so as not to to peel off sticky material, which sometimes occurs in old people houses.
Good. Okay, let's go. Let's do it. Oh, this perfectly. Well, how much? square feet? 1500. 16. Hey, maybe you still you don't know this, but in I have several. incredible programs to increase your wealth. Link below, especially when it is about investing in real estate, real estate from scratch to a millionaire.
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I do this for you too. prepared. Perfectly. Oh, this fantastically. Until 00. Yes. What do they do? your typical buyers, or your owners or tenants are here for life? They are many. are engaged in construction. We have a distribution Walmart Center, distribution center Family Dollar. So there is a lot of work there people, works there.
Many tourism. Therefore, southern Utah, here millions are coming people because we literally from here, for 45 minutes from National Park Zion. And that's why you all see these houses on wheels . By 2 hours from Grand- Canyon, Lake Pel. This is great. So we have a lot transport. Yes, this is...No, this is really good to know.
And, um...So, some things so you know what we are looking for because we like these tracks. We believe that This is great. You are more interested in houses, cost which can be increased by reconstruction . Repair them. Yes. Instead of already to repair. Yes. So, something on like: we don't mind, uh- uh, newer.
Newer, Obviously, it's better, isn't it? Yes? We are not against condominiums. They are wonderful. Uh, something like this, probably should be something like a smelly carpet, the paint is ruined, as if you had a bad day such an experience, right? Yes? So we, obviously, I would be happy to consider it.
such things because then we can learn about the area and to meet you. Uh-huh when the time comes to buy, in the second half a year, and then something from there such that if there is reseller, we are here, and then the buyer houses here with an estimate , isn't it? And that's why we we want to use this difference when you invest 25 dollars, 30,000 dollars in a painted carpet and other things, and we can to get a certain value.
Steeply. I thought so. So this is not quite the same area, but some houses, perhaps precisely in this and The thing is, because now we know the area , and when appears the master who repairs, and you about it You hear, we don't even need for this watch. We just we buy. And I'll show you a few different districts.
So we are with this area also compiled for you another list. It actually Crimson- The Crimson Border. So one thing I noticed here , this is what we could to consider this little one pocket money service sales, she's terrible . Oh, okay. So, this will be problem with tenants. Interesting point. But right here, anywhere in this area, right here, because all this will be The Red Border is straight here, this pocket there, and then here.
So, when he first called me, he asked about Royal Royal Oaks, good? Which is right here. Good. But this corridor here there is also really a nice area. Now they are getting a little more expensive, but you attract the best tenant. Interesting. Good. So, you will more expensive, you know, about 5600, probably, on this side, 6 or 700 here.
This will be a little below, but this is Royal Lopez. The reason why we didn't go there, so that there was only one offer. And I saw this little one pocket and said: " Wow, "Maybe so." And then I, of course, I'll give you a few others. districts. Fantastically. Yes. Okay, great. So, I I mean, this fantastically.
You have there are 9-foot ceilings here. It something like yours new, uh, 2011 style year, obviously. Yes. I mean, this perfectly. So, how is this planned, this is what Do you have a home? bedroom on one side , two bedrooms on the other side. This is a simple 1600 feet. Tenant comes and destroys all.
No need for that. a lot to repaint or repaint and repaint 1600 sq. m. feet. So this is ideal typical size. We don't want overestimate the area, because then our budget, our budget for repairs too big. It approximately typical the size of the plot, which you usually expect. Good. The further you are delve into Coral Canyon, the more areas.
Of course. More service. To us need one sprinter. Of course, in to the new area, uh, a little harder to find repairman, but they appear. And when the masters from repairs appear in new areas, you just need buy because you you get benefits newer construction . Less important pain, lower risks, lower risks checks and all that .
By the way, thank you for that. today us accompanied. Do you want accompany me? Link below. Yes. Yes. Yes. I have on meaning that we don't need to search repairmen right now, you know. But yes, no, it is actually perfect size. I mean , 32,600 sq. m. feet, here Yes. It's so easy. repair. THERE ARE, decent planning upstairs, you know.
Ahem, but yes, it is... Oh, he sells it too . His line... Oh, great. I heard that fell out last night snow? No. Wait, what? It snowed here last night. . Look. Is this...Is this snow? Yes, you. This is a fluffy snowman. snowflake. We can to go skiing. No, it is yellow. My pants are dirty. May, What did you do to mine?
pants yesterday? Oh, this It already looks good. I like it broken bell. Damn it, dude. New carpet. Well, you see, these are great plans floors. They made a day open doors, ready to work. THERE ARE, I like this one. district, because the plans floors so far fantastic. You see, That's good. I can't to believe that they made such a kitchen in 2011.
This is really It's strange that they returned to the kitchen The 90s in 2011. It was 11 designs, right? Yes? 2004. 04th. This is even better. You see, this is great. You see, it happens like this kitchen and bathroom, and then you have a dirty one carpet and dirty paint. I don't need it. much more so that get a wedge So this is perfectly.
Yes, I like it. . These cabinets are so good absorb paint. Me I like it. This reminds me. house, that house, which one did you buy, which one flooded. Yes. Yes, exactly. As if I didn't have to. so much work. Yes. No, very similar. Yes. Was built in 2003. Yes. This one is four. Yes. But they just painted and They laid the carpet here.
There is a smell. So they already deleted it part wedge-shaped. I I mean, this is wisely from their side. But, uh, yes. I I mean, if here There was mold somewhere and some unpleasant a carpet or something like that, it would be easy to buy. You are not afraid of mold. Oh, I love mold. Kevin looks more mold, more asperger's, more lead, the better.
This is great. No, this is... They are beautiful. Yes. Oh, there's a garage here too. for three hundred cars, for one floor. Good . This is attractive for tenant. And especially considering that here there will be more, uh, water softeners. Especially considering, What will be more here? such a life on fresh air.
It steeply. This is great. Let's move on to next. That's me. previously told the boys: look, uh, higher ceiling, you no longer need need to do these ventilated ceilings, like it was in the 70s or 80s, and they are cheaper to build thus, and their cheaper serve, to repair or repair the roof, etc. So yes, people I like that.
creates a feeling space. Yes, that's great. And here there are even shutters in plantation styles, and a bigger door create a feeling, which is more expensive house. Yes, that's also true. This is luxury at 1,600 feet. This is true. They They said, "Wow." Yes. This is my mansion. 1600 feet high. Yes.
As in the field psychological real estate. I never meet no one without gifts, but their so much. No way. Stop. Oh, God my. There were so many of you. I brought various gifts. Oh, for example, that one a million dollars. Or Is that a billion? Oh, my God, oh, God my. It is impossible. determine the price for amazing customers, but here is the first installment .
Customer per billion dollars. I like it. I like it. This is cool. Reasonable. It ...That's really cool. To By the way, these cabinets are beautiful, because I can them paint. This is really great. Thank you for that. Why? you should not brag everyone? Therefore, I'm Jesse Paul. I'm from Larkin Group here in St.
Georgia, Utah. Keller Williams actually works at Place. You, You are probably familiar with Yes. Oh, my God. And, uh, here we are. We we work in the district Washington, Utah, Iron County, State Utah, this is Cedar City. about 50 miles away northward. So we we cover enough a large territory. You you can find us, if you go to gossaintgeeorge.com or gst.com, there you will find our team.
Us approximately 10 people. Perfectly. What is yours? number? Do you want this? share? My number is 4356199415. Perfectly. Thank you for that. Thank you. Yes, that means that this area fantastic. I like it. I really like it. So I don't know. Yesterday we talked about motorway. You, Guys, noticed you.
there at all? Why? No, I can't hear. not a word. Really? It is located like this high, that all this noise, because you are on the map look inside, you don't you hear. Now you you will hear it outside. Of course. Of course. But nominally it seems so, but usually, even if it's that close, you will hear little.
I like 2003 the year they did cutout for televisions, because now the cuts become too small for these crazy people televisions that we we do. Yes, yes. So look at this. They have already updated loops. Uh, they got rid of brass and took matte nickel. Reasonably. They did what I want to do. This is normal.
These beautiful. They left cabinets. Here you have linoleum construction class. Linoleum actually fantastic for cheaper rent. I really big fan of this linoleum. You know, they, they. This too more expensive carpet. Really beautiful Berber carpet. Pretty clean fiberglass The body is here. It. Yes, these beautiful.
I mean, you just need tweak it a little cranes. Paint cabinets. Uh, with some of the nothing special about them do. Of course, none of them will give you a significant wedge, but you know the area. THERE ARE -eh, now you don't Are you afraid of the highway because you already felt what it was like highway.
This is fantastic. Uh, I like it. I like it. Yes, in You have a shower here. You don't two baths are needed. That's good. Garage. Me no need for this check. This is similar. on laminate. Yes, it is. top class laminate. He is handsome. Perhaps, actually engineering . He is not bad. It good. This is wonderful.
area. This one is a bit less. What size here? I left the newspaper. 1442. Okay. Perfectly. It perfectly. Thank you very much and thank you for your hospitality and yours gifts. It phenomenal. Therefore, um yes, we plan start slowly increase volumes sales in the second half of this year, and we will probably be buy a lot, and, um , early 2024 we will probably be quite active.
I I think we will get to the moment when, um , we probably let's choose somewhere close 10-15 markets. So far I really like it. I like it. Well, I also told others to agents in the market that this is probably not one of my markets, but this, I actually, for now everything is fine. St. George-really good market.
He always growing. People want to be here. People come here and just feel this atmosphere. They feel... Oh, yes... kindness. Oh, that's nice. And they remain, or buy a second one house, or people really want to be here. So, Alex ...he is a creditor, loves investors, but he also is considering the possibility acquisition of a company from management real estate.
Oho. So I wanted to invite its. He can be for you here very much an important figure. Another thing that we will need this relationships with managers real estate. Uh, convenient for the contract. Well, probably not for contract, rather, you know, electricians, plumbers, you know, all subcontractors, Yes?
This is great. I knew he could to be like that. So, well, wait, So you are a creditor? Why? you also do not declare about yourself? Let's. Yes, we...So, me my name is alex hernandez I'm here in St. George. We provide loans for all of Utah, all of Nevada, throughout Arizona. We we provide a lot investment loans.
And one thing that you might like it, especially you, I I follow you and I watch your videos. Ahem, for investors- beginners with us now there is a credit program. We can to take out a loan under house mortgage, get an FHA loan and buy a house with small initial with or without contribution , but as soon as you you start to move forward, that's it makes no sense for underwriter, because you you think: "I can't buy smaller house".
We have a loan without investments under 10% down payment one to four apartments. This is important because if you want to buy duplex, triplex or fourplex, you 25% is needed down payment. This isn't Fanny Freddy, is it? Yes? Although we really are we cooperate with local credit union. Wow. They are her serve.
You see, this is a connection. This is a connection because we we give to customers advantages of cooperation with by us. Well, we are experts. We, you know, when you work with a bank and credit union, you not really you gain experience " "white gloves." Of course. After hours or on the weekend you you can work with by us.
Then you too you get benefits credit union, which serves your loans. So, but with you guys, who answer, help and are performing intermediaries, this Great, friend. It really good. It incredible. I have on mind, 10% of the initial contribution to investment loans –this is something unheard of. But credit unions provide you with special things because credit unions are now facing so big competition from online banks.
So, how and the sofas of the world, these big banks, right? Yes? But credit unions are now forced to be even more competitive because of this. So that's good. for the consumer. As to get in? That's it. Join us, friend. We are happy to we will help. Perfectly. This is great. It really good. Thank you.
Alex is a rocker. This is great. So we found that most effective the way is that we we don't stop for food . So instead of this Lauren made sure that so that we have enough supplies food for the whole day travel. Now we we can get to Utah. We don't need to stop for coffee, because it gives us thermoses.
We don't need to stop for food, because it gives us food. Now we we can fly to a plane to fly over to Vegas, and we can to go to work. AND thus we we will have time to work, to work, and if we will finish everything earlier, perhaps we we can go to have dinner, well, you know, maybe to drink in reverse flight or something like that.
Thank you, Lauren. Yes. Oh, look at this. This looks fantastically. What is it? It something like lunch- packages. Oh, that's great. You better start eating. No one is allowed. eat on the plane. Very close, not touching the plane. Work for Kevin. You will need it. a handful of such that survive a couple of days.
Good. Continuous work. We see them. everywhere in this country and we buy everything advantageous offers. This is such madness. For example, if I wanted to fly here by commercial flight, maybe I would landed around this time, but I wouldn't eat it not a single feather of the Saint George, right? So, we have absolutely another city, and, probably you return the same day nights.
I mean, what do you get three times, four times, five times higher productivity. Than more hours we the cheaper we fly it becomes. That's what I am I do it while I'm on the road. work. I watch CNBC, as they report about profits, and at the same time I receive earnings report here. I can't do this. believe.
I have on Attention, Cisco surpassed, Roku surpassed, Zillow even surpassed, Roku even surpassed. All just a beep. Waiting for Shopify, but we we are reviewing profits, and we will ready to talk about them. But, uh, wow. Uh, we are now we are going to carry out factory tour. But this is incredible, dude.
I mean, that I wouldn't be surprised if our forecast come true, and we we will see a V-shaped stock form market up. Well, maybe not V-shaped, but Nike will rise above. At the same time the housing market seems to be turns over up and down, and, uh, profitability in reality is growing; because if people are dropping bonds to buy shares because stocks are rising, yield treasury bonds is increasing, which leads to falling prices for real estate and growth of stocks.
But this is what we planned –this is the growth of stocks at some point before market recovery real estate. Therefore, this is how we position ourselves myself, and for now, it seems to work That's right. But I have to mind you, we don't want relax. We we continue to monitor, but this is madness. Boxible .
We are here with co-founder. As you managed to force Ilona live in a box? What happened, dude? Hey, dude. Hey, nice to meet you. to get acquainted. Yes, Of course. Jack, truth? Oh, great. Super cool . So, Vegas Summerland. I have I mean, that's all for now. perfectly. We...We just... were in Boxible, but tell me about Summerland.
So, I already told you a little bit about what we are looking for, eventually. Yes. Repair work. I I'm always watching you, ago no way. Oh, okay. Good. Your investment course. I know everything. Wow. Okay, perfect. Okay, great. Therefore, you almost certainly know what we are looking for. It perfectly.
Well, Where are we now we are and, uh, why does it seem like Is this housing for rent? For example, these are good stables for rent? Yes. So, uh, now you are in Summerland Center, it is called. Well, Summerland is divided about five, uh- eh, districts. Do you have San? -City, Summerland, Summerland West, Summerland Center, Summerland South.
Therefore , a bunch of little ones districts. This is literally in the middle of Summerland. Good. We have nearby center of the South Africa with all sorts shops, restaurants, grocery shops. We have Red Rock Casino is nearby, which is more like a casino high class, Sure, e- there are, etc. So, this is the place, where do you want to be, where there is a lot of work, very busy, so you can pass housing for rent, so eventually get good money flow.
Perfectly. And therefore, how many people actually occupy these houses, because I know many people who live in Vegas six months or so that. You see this. often here, is it more Henderson? IN Summerland is close 13% of vacant apartments. Good. And in Henderson, where is more Henderson, approximately the same, but it's a little lower price range compared with Summerland.
IN Summerland, I would said, in general highest price for square foot. Of course. This is something on like someone once said in Vegas, you see a lot of things, like, in you are popular district, and then a new one is being built, and then everyone there are moving. Or old ones are kept districts? For example, whether can you rent a house in rent for long-term deadline, are you want to move and sell it in any moment?
Great question. Yes. Well, Summerland really great because it has been here since the 90s. Good. They started building, and Las Vegas, you know, we are only 50 or 60 years old. So for us it's a long time. Yes. Yes. This is good. remark. But, uh, Summerland— this is the most established district. Technically, it's not a city.
This is a community master plan. This is the largest community master plan, probably in the United States The States, I think, judging by the data. Perfectly. IN we live here about 125,000 people. It pretty good. So this is quite good, established house. This is great. Okay, I excited. So, obviously I...Well, I do I will say, obviously, me I am sure I have radio.
This is in an apartment building. What are the contributions here? 55 per month. Yes, it's nothing. It perfectly. Okay, this is it. maintains order and cleanliness. I like it. I like it. I really big fan of this. So, uh, we're here in dead end. So, what do we have here? IN we are small one-story house.
Uh, three bedrooms, two bathrooms rooms. Ideally. Uh, that's true. announcement about sale through Open Door. Oh, no problem. Oh my God. Here why do I want to show this is for you, because my favorite friends. They actually bought this house yet last June year, which was at its peak market. Oh, your peak was at June, approximately yes, May, June.
Right. So they exhibited this house to the owners for 480. Good. And Open Door bought it for 500,000, which was foolishly. AT Oh my God. Good. I remember then people they said to me, "Hey, are you Can I put mine up? house? Well, how much? you can for me "Get it?" Well, maybe. , this house would be listed for 450, 460, 470, right?
And Open Door will give them 5% commission of 500,000. Oh my God. This has none meaning. Sorry. Let's. Go ahead. Go ahead. So you lose deals through Open Door, because they just overpaid last year. Yes. Now they pay Less. Much lower . Yes. Yes. Good. Therefore, now it makes sense again sport real estate, because Open Door pays you not enough, because they rotten.
Hmm. I had customers who sold their houses, bought new buildings, and they actually earned money back or received the best house, just selling it Open Door. That's what it was. This is madness. Yes. That's when you do you understand that got into bubble. You know, they bought this house for 500,000 last year.
Yes. They are practically lowered the market to 425,000. 425. And how many days? passed on the market with moment of the last price drop? Since last June year. Oh, okay. And the last thing price drop? What? Last 30 days or something like that? They really cheated this house. Their price increased from 445 to 425 at the end of 2022.
Oho. So, they are already 45 days are sitting for 425. Already decreased by 75 thousand the price they paid for it bought, but it wasn't real market cost. She was overpriced. You thought, that you will expose him for 450, maybe sell it for 460 or something like that hot market. Yes. That's right. But now this house probably , costs, based on compensation, about 400-410.
Yes. Yes. OK. And they cost 425. So, maybe if they will receive proposal, they can sell it in the retail market. Of course. They still take on a big responsibility. Yes. And it still has to happen through profit. It madness. Wow. OK. So I have to Note that the Open Door model not quite like purchase and good affairs.
They just buy and want resell, because want to get commission. Hmm. That's right. Well, they really are dealers, but this differs from your business, right? Yes? But what they are trying to do, it's literally a little lipsticks. See this one? house? They painted it gray paint. Oh, they painted it. it.
Yes, painted the hat, painted the cabinets, installed a new one equipment and exhibited for sale. Wow. That's all they are. done. Wow. Yes, this is madness. . Uh, yeah, that's, uh, quite remarkable, therefore What do you, uh, know? now stuck in this asset, for which you are significant overpaid. I have on I mean, it seems they added new equipment, but that's why the purchase so important because otherwise you will be cheated.
Uh, bad for Open Door, but then again, You know, I think that it was obvious how you they said, they overpaid for them, so they had to know, What are they going for? So, this is okay, as in Vegas, is it easy? because we live in townhouse area? Well, this is average. plot size. Good . We have here approximately 18 feet.
Four more from above right there. So that's actually quite enough good. We saw more smaller areas. Oho. People don't like to have ...Well, the city is simple doesn't build like that anymore many, you know, like that large areas. Ago in new areas, especially in Summerland, very it is difficult to have something similar.
To us I like that it doesn't it takes a lot care, which is good and for landlords. Because I imagine that in the summer you will lose most of the grass, what would you have? If you don't want to pool, then in such a if you need a larger area. Right. Right. And it seems like a lot people have swimming pools, if you have room for area.
That's right. Yes. Good. Good. OK. Hmm. This is great. It's interesting that they have them many. They are here. too much watering. It is visible as if through it breaks through mold. Uh, open it. door. Take care of it. program. Look on this. This is sad. Why do you need a seam here? ? Why? Simply cut it longer.
Oh, well, that's interesting. How much will it cost? this rent? I would say that this one one-story house in this place may cost about 24-2500 per month. 2400? Are you serious? Yes. Wow. Summerland. Mhm. Yes. Well, I mean that this is probably market 400, but 2400, just for laughs, very quickly multiply, uh, divide by Yes.
Yes. Yes. This helps you overcome this. You, Maybe you can go out. to zero if you buy for retail market. Yes. Oh, no. Yes. Yes. I I mean, even with taking into account current prices, this madness. Uh, and that's why in this area, if you can pick up, you know, repair top for how much sell your repair top?
I would say that here, in this area, you could get something about 350. Let's say, this house. Good. It would be logical if you bought it for 350. Good. And then its retail the cost, say, will be 410. Good. But then you have some money flow. Yes. Yes. Yes. Exactly so . Hand it in. long-term rental .
Yes. And then we need to add a little mold and, maybe get its for 300. Yes. We will go. spray the mold. IN We are not in Vegas. mold. Oh, is that too dry? Yes. Too dry. Yes, it's more like to Texas. Good. Therefore, That's, uh, good. Uh, and, Ahem, you said it was still one plus here in Las Vegas . This is another plus for Las Vegas.
We have there is no mold. We have no pests, no termites, nothing to do with it at all problems, because we have concrete slabs. So termites cannot to get inside through subterranean termites. Good. Yes, that's interesting. AND no earthquakes, none hurricanes, nothing. Yes. You don't even have forest fires, as in California, right?
No. Nothing. Wow. Insurance is very low. The city that is developing. This is interesting. And what then? Your tax base for property in fact lower than in California. And you don't you pay tax on state profit, right? Yes? It's about 1% when you buy newly built house. But the houses on the secondary market because of their limitation at 3% per year.
Family house. He is not is overestimated at sale. They...Sometimes they do it, but most houses on the secondary market, like this house, you, probably, considering from about 2700 to 3000 per year. Wow. Wow. Yes. I have on mind you, you are almost half of California. This is incredible. AND no tax on state profit.
It perfectly. Good. Perfectly. We are going to look, uh, more one house. He, uh, slightly larger, 1700 sq. m. feet, one-story. Good. But this is in Summerland- West, so you will be about 5 minutes ride. So, this is Central. Let's see, What phone does he have? signal. Uh, I have it here. there is one strip, and here two.
So I'll try this one. . Oh, you have a map. AT, perfectly. So, here we are now. It actually a map crime. Wanted open it for you. Oh, how convenient. Thank you for that. did it. You see, it's a strip. IN there are many of us small crimes. This is the place Where were you here, in Boxable. Good. Yes. This is Nellis Air Force Base.
IN there are many of you, you know, this area from which people are trying stay away. See how dark it is in here? The darker the more crime. Of course. But this is Summerland. So anywhere. Oh, he's pretty short. Hmm. Very low. And then you come here. Where is Summerland? Central? It would be approximately like this, or, I think it's this one.
right here. Good. Yes. Yes. Yes. Oh, okay. And wait, let me return. So, this is here. And then you have there is...We are going to leave on the other hand directly here. Ah, I understand. OK. OK. Of course. AND you said there are five main parts Summerland. Yes. So you have San- Summerland City. It for people aged 55 and over years.
Yes. No, I don't. I want. Right. Then you have, uh, Summerland North. Well, part of Sun City Summerland is part of Summerland North, who is all of these. Then you have, uh, Summerland Center, which is small pocket right here. Which is the most expensive? Uh, I would say, Summerland West. West. OK. This is the newest.
This is it. place, Where are we now? Are we going? More luxury. Yes. We are moving forward in this. direction. We are a little more than 215. Oh, and then really expensive houses for a million dollars, probably, are on ridges here. Well, what? whatever. Of course. OK. OK. Yes. And then here, down here, in There is someone in the south.
You have straight spines. here. Hmm. Good. And the spine Mass. Mesa Ridge there. Brothers, I think this is the place where your people live friends. Yes. Yes. Yes. It's here in the South Summerland. Therefore, this is the South Summerland. Interesting. This whole spine. Good. Right. So, Summer and the South start from here, which is right across the street .
Uh, the Sahara goes all the way to south here, all the way down. Good. Good. Perfectly. Let's move on to next. This is cool. How much does it cost? following? Uh, the next one costs 500. 500. Okay. A little bigger. I I think that often what we find, is in range of 500 thousand, we we can get, you know, let's say this costs five if we can we buy something for example, for, you know, or does it cost 525 or something like that.
If we we can buy something for 4425, then we invest, You know, 2530, right? AND then it costs about 525. I believe what is in this range 500 is a larger spread– from 5600. Regarding houses in smaller cities, usually you will more limited than you mentioned, from 350 to 410 or something like that. The problem is yours.
cash flow, because the problem is in because when you you get into the best area, you you will not receive cash flow from above, right? So you will have to choose the smallest house, maybe to start receiving good money. Yes. So, probably we let's make a combined one choice, and we will to be guided, uh, the agreement that we we will get it, right?
So we can to pay more than for smart people resold houses, and not as resold homes with open doors, Yes? We can pay a little more than for resold houses, because we are going to hand them in long-term rental , and, uh, yes, we we will be able to combine our cash flow from smaller and larger houses like this in a way.
You are open, let's say, to a type B or B+ area? Uh, I mean like this , potentially. Yes. Uh, we would just combine this is with the more expensive one real estate, right? So, uh, it comes down to what we need will have to spend rental analysis pay and see, can we attract what we need tenant? So, you know, if in the area they say: "Hey, in this area you will never find a person with a credit card with a rating of over 620, she probably doesn't will work for us." And I don't know how it is related to yours strategy, but, uh, in about 85% of us people have a job on the white the collar in this district.
OK. Yes, That's really a lot. This is interesting. It always is Summerland or this one? area? Uh, in particular, this one area, as well as anywhere in Summerland. It average score Summerland. OK. Uh, compared to working on working positions, here about 15%. OK. But more such, perhaps, in city center or surrounding center cities, on the outskirts.
I have on mind you, if you you will go to the south western or north- the west side, will be , maybe a 50/50 split. Oho. OK. So maybe I would considered this area type B area. Okay . Compared to east side, there will be much higher jobs. Well, you know, at the post office. Uh, or a bank teller, whatever.
OK. AT , interesting. OK. Perfectly. Let's move on to next. Thank you for it. Where are we now? Summerland West. Summerland West everything still mostly busy with workers . Right. So, 215- this is a highway that is somewhat near here, Yes? That's where we are. were crossing the bridge. Oh, of course.
OK. OK. And we arrived. from Central, you said? Uh, we came from Central. Yes. Which is still 5 minutes drive. Yes. We are in 9 minutes. ride. Oh, that's nice. 9 minutes from theirs city center. It steeply. I like it. I like it. Bars, bars, restaurants with bars. Many more bars. Public school plus a bar.
You see, look at this. Literally means public school, restaurant plus bar. They know how to be effective in Vegas. Yes, you get education, you get food and drink. So, What is this thing for? for rent? This one is listed for 500,000. They just lowered it. from 525. How much does it cost? Perhaps, 480.
So, 480. And then for that these things seem to be in rent? Uh, this one, it will be more expensive than what we saw it now. Probably around 27. This is great. And that's why here slightly deeper courtyards . Uh, you're wrong here. many wooden fences, right? IN We don't have them. They just don't fit for the desert.
You know, in deserts they are bad are working. You know, they just not very good working in the desert. Shaking. We saw this also in St. George, State Utah. It was very, uh, anti-wood fence. Yes, they have already updated a lot of equipment and lighting devices here. Good. So, this is a good one. one-story house.
Do you see any advantages between single-storey and two-story or not? Uh, you have more, you know, that is, more people are ready rent one-story house compared to two-story. Of course, because in You are elderly people. age who do not want to walk up and down stairs. So you have a bigger pool of tenants.
So, three, two, uh, yeah , two bathrooms. AND, uh, you said somewhere about 2700 rent pay for something like that . This is also in the condominium in this area? Yes. It still could be around 26-27. Yes. Not much more, therefore that's still 32, right? IN there are a lot of you here, uh, five sleeping places, or in general, I have mind you, what do you see most often, for example, what people usually given advantage of renting?
It high rent. This is incredible. You, guys, really are you renting? fee here. The best thing about this in the area are schools districts. So people want to be here. Field, almost all the best school districts of the city. How much is it? square feet? This one is almost 1700. This one is 1700. Okay.
Good. Good. Although single-storey, so rent some more than, say, two-story. Of course. One-story. Of course. And then in you have townhouses on the other hand or smaller houses with the other side. Good. Good. Perfectly. Uh, obviously this is the price for something renovated. It, probably, you know, a little old carpet and all like this.
So Yes. Yes, that makes sense. Uh, and you said that that's about 480. This one costs 500... Oh, of course. Market cost about 480. Good. Market value, maybe 480. Okay, good to know. Where following? This is what you I wonder if... Oh, yes. This is how repair, definitely. Light. This is easy because these also newer.
What is it? Early 2000s. Yes. Yes. So, at the beginning 2000s, I mean, in there will be none of you problems with construction or, you know, systems or something else. Uh, roof still quite new. You know, these are roofs of the 50s, 60s years, 50, 60 years. Ahem, we are interested in something like this, which has unpleasant carpet, unpleasant smell, you know, tenant just kicked out, you know , something like that.
We want compete with, uh, you know, pay a little more than flippers, for such agreements. So, when they will appear, we, you know, let's go in areas that we know, we let's just buy them at place, right? I have on I mean, I can... The coolest thing in creating these videos what I can just to return to one's own video.
But we also let's get back to these districts. Some of them, with whom I am actually enough for now impressed, this is Summerland. It pretty good. Uh, in some areas, Where are we going, I say? : "Yes, no, we probably "We will not return here." Um, why don't you to reveal? Tell me, uh, tell everyone who you, your name, maybe, phone number, and how people can with you to contact.
My name is Jack Ram. I realtor here in Las- Vegas. I help. people, mostly from other cities, move here, in the valley. Here on why I specialize, and, uh, renovation, new construction, which whatever. Uh, my channel, I have a channel on YouTube. My name is almost Jack Graham. Uh, you can find me here.
I'm making a video- house tours. What is your name? All my information is on my channel. But 7026064815. If you real estate needed , I'm here to help. This is great. And the district here, or just Summerland in general. When you see how people sell, do they have you people who once are leaving from this area, are they just go to another one area?
Much less than, hmm, how many people actually here is coming? Oh, okay. Therefore, much more are coming, than are leaving. And where? they leave when Are they leaving? They usually go, because the prices for them grew up. Leaving Vegas. Well, they're leaving because he is growing so much. Wow. So, they are going to less desirable area, where, oh, the district is in this district.
Little people are leaving Las- Vegas. I think last year we had there were about 10,000 people who left, hmm , or something like that, but About 53,000 arrived. So, Oh, wow. OK. OK. So, for every person, who is leaving, there are five new ones inputs. Oh, that's interesting. We have...And where are these people will leave if they will leave Vegas ?
Hmm, I mean, Who knows? OK. Therefore , there is no clear trends when you you think, "Oh, yeah, everyone going to Texas or where?" Our competitors and I I see this because... I have a lot of people coming. from California. I see it's with people who are going or to Texas, Florida. Either there or to Arizona, probably main competitors.
These are your competitors. That makes sense. Good. So, no one goes to North. Yes. The advantage of Las- Vegas. Yes. Advantage Las Vegas is because we have dry weather weather. So no humidity, although now I'm a little cold, if you noticed. No, I'm cold. Yes. But, you know, I have not even a jacket, you understand, so we have February.
I wore four layers. clothes, Yes? But today It was cold in the morning. So in any case, The weather is wonderful. Cool. This is super cool. So, um, we'll go back, um, to Vegas, I think. during the next a few months, and we also look at several other areas. Maybe next time once. Uh, come on. let's look at the area around IKEA, about which you said because I want see the difference.
So, it is common the question that I have they put, which we are talking about just said, this what is the goal, right? viewing these houses? And the goal is to to get acquainted not only with agents, but also with real estate and districts. So if in a year I will call and they'll say, "Hey, Kevin, there is a great offer in Summerland.
She will appear on the market in two days. We must hurry. THERE ARE- Well, this is an offer for repair. They are looking for cash offer. Are you interested? I Can I see mine? Summerland video and think: "I I remember that. In fact, I was in Summerland Four times. Oh, we were in this area or I was in Summerland 20 times, depending on how often I visit in Summerland, right?
Yes? This is very close. to us. Very easy to be here in Vegas. The airport, you know, is in 15 minutes from Summerland. So, hmm, we can accept purchase decision, without even being there. And then, of course, in in the future, during inspections, regular period escrow or something else, we we can always to check what exactly we are looking for.
But, what we are better acquainted with districts, the better we can make deals get. The better we are familiar with agents , the better deals we have we can get. A person who always loses the deal, -it when the agent, uh, sends to someone agreement, and the person says: " Okay, I'll contact you. "You tomorrow." Oh no.
This they sell. You too should know whether Yes? When they they call you: "Hey, Are you interested?" Uh, Where is this? Oh, yes. Me interesting. In this and the meaning of everything lies this. You must become an expert in real estate purchase. In my case, regarding home, I have to become expert in Western half of the United States.
So, that's it. we are going to do. And in the future we let's become experts throughout the United States. And if after This will all go well, we will go beyond this. Here is the plan. We moved to north of Sun City Summerland. It called the district Lonely mountains. He is located in about 17 minutes drive from the airport, Where are our pilots now?
They are preparing our plane. AND if you want to observe me or view "Building Your Wealth" programs and find out everything that happening in my head, and join to live broadcasts for course participants with lifetime access, be sure to do it this is at the link lower. Take advantage advantages sale, which is currently ongoing.
But what What are we doing here? We are here, to look at these houses. This is a bit more unique. It closed residential complex. You can to see that these houses have something on kind of a dead end. It more like two areas with flags, and then, uh, two houses with entrance, all in this unconventional driveway.
It otherwise. You know, you have there are these little capsules , almost like prison capsules or prison capsules. Uh, this is closed residential complex. I actually I don't know anything about it. So, we are going to find out about it. IN That's the point. Our the goal is to travel and learn everything, what can be said about the western part of the United States.
And here we are. This is what we do. So we'll see what's in We are in this area. Wish me luck. Hey, how are you, buddy? Pleasantly to get acquainted. Pleasantly to get acquainted. So, uh, how much detailed description McKay gave you about what we...? So, this is The first...Yes. And, uh, then, uh...You Do you live in this area?
? I live in the north. west. So a little further. So What is the difference between Where do you live here? This area is larger injured during... Oh, really? recession time. Good. So, Lone-Lone -Mountain is where we are we are now, Yes? Good. Good. And he suffered more, than the Northwest, you said.
Right. So this is were...I know what I bought your first house in 2010. Oh, well done. This is great. for you, friend. Yes. So, I remember that saw these. They fell. up to about 175 in around 150. That What are they now? What is it? This is, uh, 349. Yes. So many investors rented them out. So the area seems to be returns.
Good. Now that they can actually... How have the last 8 been? months? So, is it very fast pace slowed down, or even recently, for example, in the last two months, have they grown? What Did you see? From June to November. Yes. It was pretty dead. Pretty dead. Good. Good. And therefore, in December was needed to recover, Yes?
Wow. Good. WITH December. Now until now was quite busy. Really? Oh, that's interesting. Good. Many people looking for or more people are placed announcement, or both, and more. Uh, more people are bought. Good. There are more products. So, Okay, okay. There is a reduced interest rate rate. Yes. Creditors they buy things like that other?
Yes. Perfectly. Good. Therefore, um, this...How much, you Did they say it's worth it? 3.49. 3.49. And that's three plus two. How much can to cost something something like this for rent ? Uh, we get about $1.25 per square foot. Therefore, good. So, this...And this two-story townhouses. They look like houses of the 90s.
You you will know when they was built. Therefore , you have a laundry room here. No, it could be even older. Good. Do you know when this is? was built? The highest price was 1950 year. I mean, not 1950, but rental The fee was 1950. Good. Yes. Yes. And then, uh, 1997. 1997. So it was 90. So, it was built in 1997.
And then three plus two. You said 1950. Okay. Good. Yes, it has. sense. And there is a reason, why do you seem to have like in Summerland, not so many closed complexes while you you will not reach millionth range, right? It's simple here. more appears closed residential complexes, or more crime? No, I mean that closed residential steel complexes more like a luxury.
Oh, okay. Good. Therefore, just a feature. And then in the 90s, you know, of course. Have you seen it's the 90s here. If you see most houses, similar to the 90s. Yes. Yes. In this skirt you see more closed residential complexes. Oh, really? Good. So it's like the 90s you have there were gates. Good.
AT, This is great. Good. Uh, The condominium association here, apparently slightly higher than in some houses with rails. Well, I have to mean that this is also rail, but one 2 3. Yes. Here are your three and two. And here is your master -class, I think. Yes, it is. your master class is here. Yes. A nice thing in the 90s something you often see that even traditional cabinets more outdated, traditional paint more outdated.
Uh, you know, you are more tend to find older property, who just needs a little more care and care. Or would you invest in rent? You would choose this place, or more would go where you are live in the north West? Let's see. Northwest you will get more demand for it. Greater demand for rent, because where I live, it is closer to that place, Where are you?
So, you should be in in this direction, in towards Corn Creek, in basically this is considered north- western, for example: Oh, this area is right here, Yes? Well, like: can I Shall I touch her? Sorry. Yes. Yes, of course. Be affection. That corner right there— northwestern, like near Floyd Lamb. Here from here.
So, this is actually exiting Mount Charleston. Oh, okay. And he extends all the way to Alante casino, which is directly here, near the field for golf. So this whole thing, like- here is the spring for tools and everything That's different, huh? Right. Oh, okay. Of course. AND, Um, okay. Yes. Target.
So definitely get it. more of your money. More return for your money. Good. Good. This is because Are the prices a little lower? you are just bigger demand for rent? You thought that you get bigger houses. Bigger houses. AND, of course. Good. Who do you see, who lives in the north in the west, and here, in your area?
What are you do you usually see? For example, why do people come here, to unlike that, why would anyone choose a place where you, not, say, Summerland, Yes? That is, in Summerland you get less house for this price, because you buy the district is bigger than itself house. You buy the area there. So this is considered for some reason more desirable, Yes?
Good. Good. Of course. AND because you will get, maybe a house 750 meters high 400,000 in the north in the west, while you are you moving to Summerland for 400,000. You can get 400-meter-high house meters. Oh, of course. Of course. Good. And whether Will it be somewhere? in the middle, like you Do you think?
Yes, it's in the middle. It's more like...Okay. Of course. Of course. I mean that people almost everything do for the sake of work here in Vegas, Yes? Right. Mostly casinos. Really? Good. Good. Yes, it probably has. sense. This is the North Las Vegas. You you will see a lot military. Oh, is there a base there?
Yes, Nell South base. Oh, great. Oh, that's why one of the reasons why I like renting. housing on the other side, this It seems better because there there will be more honest ones people. Oh, wow. There too many buyers. Oh, this perfectly. Oh, that's great. Okay, let's go to next house. Okay, perfect.
To things, I like it sweater. Of course. Printed on these boys. Yes, exactly. This is interesting. They They made a slide there. by the pool. I want a slide by the pool. I like it artificial grass. It reasonably. You have there artificial grass, and you you see how people invest in their homes, that's good.
So, you have here cooling and heating, ventilation and air conditioning air. So you need to start, you know, you have here cargo vans, like three in a row. So this is a little more area working classes, but people, nevertheless, are proud of what they are owners. We highlighted this to people are so nice to tell.
This one hasn't been around for a long time. repainted. They repainted the yellow one, the one that it would be possible paint it gray. This...I don't know if it's in Condominium, because it looks like this as non-standard color. This gray and not very pink suitable. Is this a condominium? We will find out.
No, well. No. Yes. Yes. Yes. You just looking at the area, you can say. There is a condominium, but it costs 27 dollars. AT. So, this is probably just so that to manage certain things, but not very strict about this. Yes. Good. Good. Yes. You have floor of the 90s. Good. It, probably another one building from the 90s.
And this is quite typical. So, someone already came, yes, and already painted the cabinets. So this is to some extent deprives you of some opportunities. Uh, me too surprised that they made white handles on white painted cabinets. This is closer to airport, but not very close to that places where you are you.
So you you see a lot VA buyers, or what you you usually see, for example, FHA with three off half a percent, or right now? Like, who's your big brother? buyer now? Who, Where are all these people from? Are you getting married in December? Now most of my customers now modernize their houses. Modernize.
AT, that is, they leave own first house Are they selling? They sell their first. Oho. And then they receive all their profit, because not know how much below they are will fall. AND, that is, they get all profits, put it in your new house. So people understand, that we fall a little, Yes? That's right.
And then This doesn't surprise anyone. That's right. Good. And then they will receive any compensation, which the seller can to contribute to their value closing the deal. So this has sense. They can maximize your purchase. Yes. This is very reminiscent of I have a house in Miami. I think it's white.
lighter tile. Good. So, here we have small bathroom room or toilet, and then two-story house. We made laminate here. It is expensive, and it's really hard to laminate on stairs. You see, they They didn't do that. I I mean, it could be to be just a piece molding, which is here not enough, but I don't I know if they best with this worked hard.
What do we have here? One, two, three. Oh, this four-room house. You see, this good. One, two, detector. Four bedrooms. You have There are three bedrooms here. Something like a double countertops above sink. It tiny fan . This is how it is. Does it work at all? Good . Yes, it is very, very simply. Me I like it.
Something on like this. A little shabbier. This can to work. OK, steeply. This is a nice closet. Yes, simple. Simply. Yes, I like it. I like it. So, something like this, type, uh, you know, the smell of a dog, unpleasant carpet, holes in the wall. It normally. It will correspond to, What are we looking for?
This one, maybe not so strongly, considering, that she is more busy road, right? Perhaps, right. No, this is just through and through street. So, Oh, okay. How many will cost something like this? Uh, I spent my calculations for this. You are viewing from 21 up to 2200 per month. OK. And then what? It, you said it was 480.
430. Oh, okay. 430. Okay. 460, sorry. 460. Okay. OK. AND it's been a while now market. Yes, it was. Yes. So, this is probably around 430 or something like this. 430. 420. Yes. OK. OK. Um, okay. Yes, it is. perfectly. Then, uh, and then four-room house, probably it will cost us a little more expensive to rent than three-room.
You you see big the difference between four-room and three-room houses here? Er, not exactly. Not quite. Yes. Good. This is what I see too. Good. What will help you, yes? This is a three-car garage. machinery? Oh, really? So this is will give you profit, Yes? So how much are you? actually get from, say, value increase garage for three cars?
And this is really because there are a lot of people here are actively engaged in rest, or... No, it's mostly just for storage of things. Storage of things. Good. Good. Storing things or for larger families? Oh, okay. Good. Uh, you you often see this here when people are moving from three-room houses in four or five five-room with family or...
Right? We are many We see this. We we also see a lot adults who buy housing together, for example: Oh, okay. To pass rooms to each other etc. Good. Yes. Uh, if you want to rent, not to rent a house in sublease, perhaps three-and-a-half four-room houses where you have limit, right? We are trying avoid subletting people under our with your feet.
Good. Good. Good. You know, we let's come back here and we will meet again you. And when will we be ready, I want...I want see your area, maybe next time once, northwest when we get here we will arrive. Uh, because I would like to see where, you know, uh, you are you talking about veterans, Yes? Uh, that sounds like...
really appear good offers. You know, I work. agent since 2010. When do they appear? good suggestions, I I know they are fast. are sold, right? AND so I expect that if you to me called: "Hey, Kevin, can you to offer a good one deal in this area? ", I would write the same day. Do you want to tell? about your business?
Yes, of course. Can you? send me message or to call. My phone number, uh, 7026092426. Perfectly. Thank you very much. You know, a person who chose a color house that is not combined with the roof, there is also an old, uh, police car. Old Crown Vic. Old Crown Vic, Crown Victoria, Forwards from turbocharged.
How did it go, sir? How was your follow-up? behind the car? Yes. No, it was great day overall. I saw many wonderful places. It was great. to spend time with you, study. Ahem, personally for me, except that I just found out about real estate aspects, it was nice too see Kevin in his zone, as he works as it goes his day; use this as inspiration to just take it with you home and just to see how it is to lead your business scale and what really need to to reach this level.
and also with my own eyes see what deals looking for Kevin, who he asks the question, agents with real estate, and then, while we are also hanging out in Chelingu, to find out what he is thinking about stock the market and all these nine yards, right? Yes? It was wonderful. Sincerely. Thank you very much.
It was It's really nice to meet you. see. It was It's nice to be here. Now we sit down in plane and drink shots, because The day was long. AND if you want, now It's cold, and I need to warm up. If you want to observe by me, definitely review link below. It It's been a long day. Saint- George, Utah, Las Vegas .
Great opportunities for House Hack. Also had to take interview in Boxible. Therefore, we are so many today everything was done. Not could do without the bird. AND now let's do more Let's warm up a little. Yes. Highly recommend.
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