Let's Talk with Leaha & Rhonda

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The following is a paid program sponsored by Crawford management group and smart time consultants. Please be advised that the voices and opinions you may hear do not necessarily represent the views of K u and v Las Vegas, the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education.

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Hi, this is Leah Crawford. And I'm Rhonda Nolan.

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Welcome to the let's talk with Leann Rhonda show.

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We're here for you and we're ready to go. Let's do it. Good morning. Las Vegas. What's happened to Saturday morning?

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Well, Happy Happy Saturday morning. Oh, my God. We are done with February.

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We are just about done with February.

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It's a short month though.

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It's almost over man almost

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over Oh, my God. All right. Well, as you know, tax season started real quick tax season started January 24. IRS start it started accepting electronic file returns. I know people that filed early those refunds if you're getting them are being deposited into your account probably in the next couple of weeks. And if you have a corporation, the first filing date with a December 31, ending period ending date is due on March 15. You need to know March 15. You either want to file an extension, or you want to file a return. Do one of the two, doing nothing is not an option. So if you sat down and you, you started a business and you didn't do anything, file something, because you told the IRS that you were going to file that you had a business and all this other stuff. So you want to file something. If you need more information, please contact our office 702-382-5737. And I know Rhonda you went out the other night.

Unknown Speaker 1:49
I did I was out last night. You know, I remember I told all you guys, hey, if you're a small business, you need to join the chambers because you need a network. So this week, I went to two networking events. I went to the Vegas Chamber of Commerce event and I went to the urban Chamber of Commerce event. And while I was there, I ran into this gentleman who works at a bank who said hey, do you have any clients that did not receive PPP, any PPP, any PPP? Like they didn't, they turned in the application. They didn't receive it, they didn't qualify whatever it was. They're a small business that didn't give any money, hey, we still have some funds left. We have some money left that that turns into a grant just like PPP. For those people who did not receive anything. You didn't receive any money, no money, no money, any PPP, you didn't receive any idle. You just didn't do nothing. You didn't qualify. You didn't fill it out. You didn't know what you were doing. You didn't you let me

Unknown Speaker 2:40
clarify. So if you received it, because some people received idle economic injury, disaster loan, PPP was the paycheck protection program. So you could you have received idle, and you just didn't get PPS

Unknown Speaker 2:53
Yes. If you receive at all, that's fine, because that's alone, you're not alone. That's not free. Something different. Right? Right. But if you did not qualify for PPP, you didn't receive it, you didn't get it. Contact Preston most, no contact me, contact, you contact me, we can discuss it further. But if you are a small business, and you didn't receive any money, any PPP money, and you feel like you know, your business needs that money now to try to stay open through this craziness, right? Because we don't know what's gonna happen. We don't know what's gonna happen, contact 7029089577702908957 steps. So if

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you did it, or if you know somebody that didn't just contact 702-908-9572. And the reason why we want because it's money out there. And if you spend it on business expenses, and we'll say it again, spend it on business expenses, the loans are forgiven. These are the forgivable loans. That's correct. Please take advantage of it.

Unknown Speaker 3:52
That's correct. Well, we

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have a special guest here in studio with us. I enjoy seeing him he brings such marvelous energy. Yes, yes to the Las Vegas Valley. Yeah. And he's gonna talk about another amazing program he has because home ownership, home ownership is a key to creating generational wealth. And as another colleague of ours says, you know, wealth through equity, wealth through equity, and how do you do it? I like to welcome Mr. Cliff Heinz to the show.

Unknown Speaker 4:19
Welcome. Good morning, ladies. And thanks for having me this morning. I'm so happy to be here again. Yes. Hey, thank you. Thanks for having me.

Unknown Speaker 4:27
And the reason why we had Mr. Heinz back today is because we know there are some small business owners and business owners period who may have gone through a tough time personally, and may need some help with staying in their home. And this project we're going to talk about today. You know, if you're a business owner that went through some bad things through COVID, or if you're a person who just went through some bad things through COVID, and you're a homeowner, and you're looking to sell your home, if you're thinking about walking away from your home, don't do it. We have a program here that Mr. Heinz is going to tell About it can save you a lot of hassle, Mr. Hines How you doing this morning?

Unknown Speaker 5:03
I'm doing fine this morning Rhonda, how are you?

Unknown Speaker 5:05
I'm super fantastic. So So tell us tell us about your, your buying homes tell us about that.

Unknown Speaker 5:11
We buy homes, you know, you buy homes quick and easy. And it's proportionate to anything that's happening at your home. You're downsizing divorce, inherited foreclosures, bankruptcies, tennis and unwanted houses, we buy all homes. So basically, we have a solution to the market problem, as you know, the market is going to adjust. And a lot of people right now or in trouble, that didn't send any mortgage payments for the last two years. And I'm in the field every day. And we're out there. And we're seeing tons and tons of Notice of Defaults. And notice the foreclosures. And if you don't have a solution to what to do with your property, as opposed to giving it back to the bank, we can help.

Unknown Speaker 5:59
That's fantastic. Because you know, sometimes people will live in these homes, you know, for years, and they put a lot of money in these homes, and it's hard to just walk away,

Unknown Speaker 6:07
you know, it's hard to walk away. So there's two things that happens if you do walk away. The first thing is that you're going to get a foreclosure. The second thing is that any equity or anything that you have in that home is going to go back to the bank.

Unknown Speaker 6:21
I saw a poster for you and I'm going to jump and stop right there. So I am in foreclosure. I know I'm in foreclosure because they gonna send me all the notices and stuff. If I sell my property, do I get to keep the money?

Unknown Speaker 6:33
If you write you get to keep the money if you sell your property or foreclosure

Unknown Speaker 6:37
before foreclosure. Yes. So if my foreclosure date is Wednesday, and you buy my house on Tuesday, that means that money is mine.

Unknown Speaker 6:44
Yes. For the sale. Let's be real clear. Once they come out, we there's nothing we can do once they sell it once they sell it. There's nothing by the way the moratoriums are down and they're selling. We're what we're watching the market slide. It's not a lot of publicity to it. But it's a major, major problem. So

Unknown Speaker 7:02
if you are and I know what home ownership emotionally attached very, so you're emotionally attached, because you know, kids might have grew up in this house. Or you might have had some great times in this house, and it's now gotten out of your hands. And you only owe, let's call it 100,000. But the house right now is worth two 300,000. Right? And you give that money up. If you don't sell it. That's right. So I say sell it. I say sell, chop,

Unknown Speaker 7:27
I say sell it because nothing happens, nothing gain. If you sell it, you solve a lot of problems.

Unknown Speaker 7:34
Well, let me also tell you what the tax reasons why you should sell it. If you sell the house normally as capital gains, right, but if you sell a house 250,000 If you're single is unrealized, you don't have to realize the gain and half a million if you are married, and you file a joint return and you lived in the house to the preceding five years. So if you lived in the house, and things are going around, I take the money because it's tax free to you and it's a nice amount of money is enough to change your

Unknown Speaker 8:01
life again. Nothing, nothing happens, nothing games, do something do some don't sit in that house and wait until the last minute. Because these banks are foreclosing and you do understand that Vegas is not like other cities, they do have a lockout policy that happens in next three days. So you're not there for a year or you're sitting waiting forever. The constable is coming to lock that to lock you out. And you have a your house, you're here you have less than probably 30 days to get your stuff out. So this is not a city where you can sit and just wait and wait. Please be please advise that if you if the property goes to sale, you're in foreclosure, the markets are changing, the rents are going up when a rental we're in a rental market. And the rents are so high that you are going to have a problem getting into something because they've changed that that error. So it's not like you can just leave that home and go another home. Foreclosures are very, very, very serious situations. Foreclosures real by the way, and this is real, it's real. It's

Unknown Speaker 9:08
not a test. It messes up your credit. Oh my God, you have no idea. You don't want to foreclose How

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long does it take normally to get your credit back after foreclosure,

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five, five to seven years five to seven is extremely bad. So it's worse than a bankruptcy. You're no longer bankable. So when you become an bankable, you have to start over

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and you don't want to be on they don't want to be they don't want to be on bankable so

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if there's any if there's any logic in what you're thinking, just give us a call see if we will we can do a

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term you use and I want to explain that to our listeners. What is what what does it mean when somebody says you're on bankable

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and bankable means you your FICO scores are low. You You're you don't have enough downpayment, your taxes, your financials, your financial premise has been diminished. We call it diminishing returns. So becoming bankable could be a series of banks, right now that the banks are running on FICO scores. So FICO score is one of the most criteria for banking, they're not even talking to you. If the scores on the 650, you don't even have a chance,

Unknown Speaker 10:14
right? I don't know if I don't know if a lot of people were even talked about the importance of credit, and the importance of having credit, having good credit, because no credit is bad as well. But having if you got a bill, pay it, gotta pay it, just pay it on time, on time, on time, and paying it on time over time, paying it one time over time, and cruces increases your credit score, because I hear people you know, the quick fix, oh, I can fix your credit in 30 days. And I'm like,

Unknown Speaker 10:47
that don't happen. But if you if you have three bills, the most important bill to pay is the mortgage or other it and that goes those bill, let me show a more a more important than any other bill you have. If you look into you have five bills in front of you pay the mortgage.

Unknown Speaker 11:05
Well, you want to know what's so funny. Funny you say that, because I remember when the pandemic started, and they were talking about paying the mortgages, and they were like, you know, we're gonna give you a mortgage because nobody was sure about what was going on and everything shut down. And, you know, I was like, Okay, so I'm not gonna pay them. I'm not worried. Let me not pay my mortgage. And I watched my credit score, drop, drop 100 120 100 points, people have noticed by missing my mortgage missing, and I missed it. And I called my banker. And after she laid me out nicely, because she was like, Miss Crawford. I was like, yes, she was like, you know, you, that's not your situation, pay your mortgage. And I did. And it was tough. Because it was, it was it was it was a very well, it was April, it was April, it was May and it was June and she was like, Leah, pay your mortgage. You can Alia and I was like Ha, she was like, aren't you still working? I said, but no, she was like Lee, I said, okay, and I paid the mortgage. But I can tell you that being in your home and not being able to afford your home is scary. That's probably one of the scariest things that I've ever been through. Right? Just being there, and you can but one thing I like about mortgages over renting is that if you do miss your mortgage payment, you possibly can live a little bit longer you miss your rent payment they put you out?

Unknown Speaker 12:22
Well, let's talk about a growing problem. This is something that's really important. Okay. Here's something that a lot of people did not have the mind side the the insight to see what's going to happen next. If you didn't send in a mortgage payment in the last two years, it's going to be a problem. Because there the banks probably gave you what's called a forbearance. That means they took the money you owe and add it to the back of the loan. Okay. So when the moratorium comes down, let's talk about a moratorium. moratorium means it now the federal government is allowing the banks to foreclose, that means that that money you didn't send in now as to the back of the money that you owe, and then they times it by three. So you're thinking that you owe $20,000, you owe 60, you're 60, plus, plus, plus plus fees, plus this three plus Nafi? Plus,

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that's a two creative man,

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you have no idea, okay?

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And the thing I don't

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know, so now they're going to adjust your payment, they say, okay, Lee, and Rhonda, we're gonna give you an opportunity to keep your home. So to send you out, they'll give you a new loan. But that payment is higher than the payment that you are making. Now, could you afford that payment, if you can send in the first payment?

Unknown Speaker 13:37
Well, you want to know what I think is interesting, because I don't know if we are being educated about the process, right? And understanding that there was help out there because there were people that were paying mortgages, there are people that are paying that will help you pay the back, but you have to know, you don't know

Unknown Speaker 13:54
what you don't know, there were companies that were helping would rent and mortgages and mortgage assistance. And again, if you had your paperwork together, like we've been talking about for two years, having all of your business, have your documents order, we you know, you can, you know, show them that, hey, you know your job, you were laid off from your job for the time being because of the pandemic. And you have, you know, records to show that you have records to show that you don't have any income. There were companies different angels out there that were helping,

Unknown Speaker 14:21
but you want to know what the other side's Who is this a lot of jobs out here right now. So that is getting stricter, because people aren't going back to work. That's just my two cents.

Unknown Speaker 14:29
People have to do something, you have to do something they have to go back to work. They have to wake up because the banks are unforgiving. They're going to sail

Unknown Speaker 14:38
but I don't have to think about it. But what the banks what I love is the banks. The banks aren't in the business of houses, they are in the business of money less than 100% they are the business of money so they don't take emotional stuff. They don't take emotional stories and Okay, so how you gonna how you and run me my money. Yeah, it started like a bank.

Unknown Speaker 14:54
Here's the thing people if you are a provider and the head of your household, you

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Have to go back to work or earn some money somewhere

Unknown Speaker 15:03
or, or start a business. I mean, it's one or the other. But really listen, my father worked a job for 100 years that he absolutely hated what he had to work a job, because he had a family to provide for this correct. So this is time for some of you, people who are not going to open the business to go

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back to work. And it's not a business of you not making no money. It's a hobby, it's a hobby.

Unknown Speaker 15:25
That's what I was told that a couple of years ago. If you're not making any money, it's a hobby, it's a hobby. So guess what, it is time to go back to work, get back out there and get back on the horse. So you can get yourself ready, right to not go into foreclosure in your home, or get yourself ready to buy a home if you choose to or any other any other goal that you have on your list.

Unknown Speaker 15:46
So Cliff said a very important word he taught he said discipline,

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discipline is key discipline. But more importantly, Rhonda and Leah, we have we have another solution that we can help. All right, come on, are you say you were in a home that was above where you are now, for example, your mortgage payment is too high, the home payments for that home. So we have we have an opportunity for you to downsize. Okay. So instead of losing that home, we can put you in another home and save the home that you have sought out one, right so that one and save the home that you have. Okay, so you didn't go from you didn't lose a home when you didn't get out the mortgage game, you were able to exchange nine recalled, which we call benefits to Mortgage Solutions, okay, now you don't have a foreclosure. Okay, so if you if you downsides, the one, the pandemic or whatever the situations are, you still have a chance. So if you believe in what you build your payments back up, you get about to get another loan to go back to work, you can still get back into another home. But once it goes into foreclosure, all bets are off. That's all bets are off. So so there's there's a window period right now where we can help a lot of people to save the credit, save their homes, and give them an opportunity to stay in the mortgage game. That's that's more importantly, and keep a roof over your family's house home. Because if you don't, you're going to be what problem and something that Leah says you're going to become bankable.

Unknown Speaker 17:21
You would like more information. If you'd like more information about possibly saving your home downsizing, or any of the programs that Mr. Hines has available, you can contact him at 702-844-6351. Say it again, Rhonda 702-844-6351. Or you can visit his website www. Sell quickly. today.com. And that's easy sell quickly today, www. Sell quickly. today.com. There are programs out there, Mr. Heinz has this wonderful program out here so that you won't have to kill your credit, because you're killing your credit, you can use it when you walk away from a house and walk away from your bills, you killing your credit, he has a solution for you, Hey, I can't afford the house I'm in right now. I need to downsize. My finances have, you know, gone down a little bit. So I need to downsize and live within my means. So again, how I live within my means living within your means. Means whatever amount of money you make monthly, you are able to pay all of your bills and survive. You want

Unknown Speaker 18:39
to know what but that's a lesson I don't know. I think about we talk about around the table sometimes and what different cultures talk about around a table. And I know I like shiny stuff. I like a lot of shiny stuff. So enlightened shiny stuff. It was well no, I got no I can't work and I gotta make it I got to earn a certain amount of money conversation I had with my daughter you like to travel, you like to do certain things. So you need to look at salaries for the different positions that you want to do to figure out how do you live within the how do you make enough money to have this lifestyle, and then find out what you like to do an audit, you know, just all the other things but just having those conversations, because budgeting a lot of us don't budget. We don't have a clue. We spend money as we get it, I can spend hours I spend 12, right and then wonder why you have no money because you spent 12 hours and you only had 10 Right and you put the other $2 on credit and you don't have the money to pay it because you still spend in discipline, understanding writing it down every month I earn this amount of money, I can spend this amount of money and then after you get that in order, there are other things that you can do so that you can live and if you want a debt free life if you want. You want to buy certain things, everything is discipline and work because you got to put in the work.

Unknown Speaker 19:58
And we always talked about Stephen Covey talks about First things first, right? First things first would be the things is more important. I know I like to sign the stuff I heard that I love to do understand that the mortgages is more important and

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more expires. So pay your mortgage first and then go to fashion show pay

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be more important, and then do decide to stuff right, I'll put the sign stuff on layaway for another day.

Unknown Speaker 20:24
But it's one of those things where, when you love it, when you start budgeting and actually living like that, you start seeing like, I started some years ago, I like purses. That's one of my, that's one of my favorite things. And some years ago, I started putting $25 aside when I was younger, and it's 25 turns into 50 to 50 turned into 75. And slowly but surely built up the purse collection. But that's all I put aside per month. And then I came up with through going to different classes when I was budgeting. When I was looking for an apartment younger, I always looked at how much money I was earning. And my apartment couldn't be no more than 30% of what I was earning. And it was hard at first because I had a daughter. I knew I didn't want to live with roommates, I was living in the DC area DC is expensive. But I knew that wherever I live, even if I had to go and move with someone in a room, I had to do what I had to do to get my income up because I wanted my rent to be no more than 30% of my income. And it was hard. It wasn't easy.

Unknown Speaker 21:27
Believe it or not. That's the promise that we use, right outside of banking, right? Oh, creative financing, we make you discipline without putting you in a home that you can't afford, you can't afford. So we're using we use the concept of a third, right, because a third is where you need to be. So if you're building a your discipline, you are going to pay your mortgage, you're going to pay your rent, and

Unknown Speaker 21:49
it was you know, I did and it was it was hard. I'm not gonna lie, it was hard at first. And it was a lot because you've seen other people do different things, people are traveling, they're doing this and I'm sitting in I'm like, Alright, so we're gonna travel to the monument, we're going to go see, we're gonna go to a museum. And I just learned the I just did, people were flying here to DC. So that's what I did. But I can tell you that the discipline paid off, yes, because now having to discipline. And I believe that the universe shows you, too, right. So if you show that you're grateful, and you're happy, because I was grateful that I was able to have my own apartment with my daughter, and able to do the things that I was able to do, we moved across country with the money, I say I didn't have a job when I moved here. And through discipline and hard work, keep on keeping your word I was able to grow and bought I bought my first house 10 years after being here, he moved my first house here, I can tell you that it can happen. But Clift is right. If you need help, call him will contact him Don't call contact him. Because he if you're out there and you're having some issues, you don't know who to talk to talk to that third party, start to resolve it. Because there is a solution. And Rondon are bringing you a solution if you know someone, and you can tell when people aren't doing well, because things are a little bit things change, you know, they, they, and you can tell, give them a number, be a friend, be a friend, be a friend, pass it on, be a friend pass it on. And

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when we didn't have just one more point we would win a market crashed the first time we did not have solutions. You know, we went into a spiral. We went into shock we were it was it was it was really, really bad. But we learned a lot. We learnt a lot. And we were able to we bounce back. And now we're able to provide solutions that we didn't have. Why

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did you do this type of company? Because you could have done a lot of other things. Why this

Unknown Speaker 23:41
service? You know, I'm service oriented, helping people. I'm in real estate, this is my life. I've been doing this for 3030 plus years. So, you know, we we it's important that we were able to give people the opportunity to have generational wealth, how are you going to do it? If you don't have tools? How are you going to stay in the game if you don't know what to do? So people that don't have the wherewithal or the opportunities are to privilege? We have we have to be in the game we have to look out for each other. Right? Right? And how do we do that we start educating each other right? So that we can have something other than nothing when something happens, right. So I do this because it's my it's my passion.

Unknown Speaker 24:28
It's your passion. It's what I do. And because it's your passion and it's not work so you can want to work on you helping people like you want to work to play you you get up in the morning and it was too easy. It's just that simple. It's so simple and helping people finding it right it's

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helping people to enjoy this American dream.

Unknown Speaker 24:44
And business owners maybe there are some real estate business owners out there who own commercial property you might own apartments. Club has solutions for you as well. So it's homes is commercial property is land is apartments. If you were in the real estate business and things didn't go well for you, and in the banks are discussing foreclosure 702-844-6351 We're

Unknown Speaker 25:13
talking about real estate just real estate. So don't as I say don't self denied, don't self denied just contact and start to have a conversation with someone that's knowledgeable. And that's what I love. We bring people in here that are knowledgeable and that's somebody that's trying to figure it out and deal with this. You know, he's not practicing knowing you. He's done this. They will contact they will contact you they will contact

Unknown Speaker 25:36
information and your organization can help them out. And also again, if you're on your cell phone or you're on your computer www. Sell quickly today. got.com that's www SELLQUICKLYTOD A y dot c o m so

Unknown Speaker 26:00
it's sell quickly today just say so quickly today so quickly today so quickly today so be it so quickly today.

Unknown Speaker 26:07
But f e ll not any other way you think you might

Unknown Speaker 26:11
I say sale see a not enough sale like jail sale. Quickly today. So S E ll quickly today. And if you sing it like a song sell quickly today so quickly today. Today, so quickly today. And that way when you get home because you're riding in the car, you're not sure what to do. So week one to help you out. That's right. So quickly today. Quickly today, so All right. But the thing about it is you want to make it even though it's hard, just know just be grateful for the position you're in because you're in that position. And we're solutions for you to get out of that. Because it's something that you needed to learn. That's why you're in a situation. That's right. Something you needed to learn. Get the lesson. Let's move on get in the solution solution oriented that way you I mean, because if it's money in the house, don't give it to the bank.

Unknown Speaker 27:07
No, I'll give it I'll give it to them. Take their money. Be still money. Right? Yeah.

Unknown Speaker 27:14
Yeah, yeah. Yeah. So with that being said, I think, Rhonda, we are done. We're almost done almost

Unknown Speaker 27:20
Las Vegas. Listen, if you have any high school juniors or seniors or any college students, listen, the 100 black men of Las Vegas is having leadership be 100 way. Next Saturday, the 26th of February at UNLV. In the Student Union, go to 100 Black men las vegas.org. and sign your loved one up today is going to be a fantastic workshop. It will start at 830 in the morning and go to one will serve everyone breakfast and lunch. But we're going to have some dynamic speakers. And we're going to have information about scholarships to go to any school around the country. So listen, if you have a young one that needs to get some information about scholarships and dollars and different things, have them sign up for the leadership the 100 way workshop taking place next Saturday, February the 26th at UNLV in the student union and

Unknown Speaker 28:13
also I want to I want to put out there right because we talked about scholarships and talking about children. Hannah brown Community Development Corporation their scholarship is out on a Hannah brown website. If you Google Hannah brown on urban chamber website. The scholarship is out there it's for high school seniors. Will people in Nevada with the qualifications are there. Please look on the website if you know some some children because having a debt free college experience is real and it does happen. Another scholarship please contact me is the girlfriend fun. We do this scholarship every year This scholarship is for high school seniors high school seniors we can only take high school seniors so if you know a senior, please contact me. 702-382-5737 again 702-382-5737. We have scholarship opportunities. We want to start putting those out there because I think that's huge. It

Unknown Speaker 29:04
is also Morgan Stanley have a scholarship for high school students. Go to the 100 black man Facebook page for more information. But listen, we're out of time. Tom. Thank you, Mr. Heinz for visiting us this Saturday morning, Las Vegas a lot of information today. Listen, we love you. You've been listening to Let's Talk with Lee Crawford and Rhonda Nolan. And we have had fun this morning and we look forward to seeing you next month. Have a fabulous Saturday amazing bye bye.

Unknown Speaker 29:41
been listening to a paid program sponsored by corporate management group and smart time consultants. Please be advised that the voices and opinions you heard do not necessarily represent the views of K u and v Las Vegas, the University of Nevada Las Vegas or the Board of Regents of the Nevada System of Higher Education.

Transcribed by https://otter.ai