Money Moves with Lamont

Lamont Harris hosts a discussion on real estate market strategies in Las Vegas with Jimmy Castillo and Roger Moran. Jimmy, a seasoned realtor and loan officer, emphasizes the importance of equity and the potential for growth in the market, citing his own experience of buying a house in 2015 for $240,000, now worth $460,000. Roger, with a background in education and real estate since 1959, advises that real estate doubles in value every 10 years. They discuss the benefits of down payment assistance programs and creative solutions like "house hacking" for first-time buyers. Both stress the importance of education and knowledge in overcoming market uncertainties.

Lamont Harris and Mandisa Barnett discuss the growth and impact of PadSplit, a co-living company that converts single-family homes into multi-occupancy units. Mandisa highlights that PadSplit is now in 17 markets, including major cities like Atlanta, Las Vegas, and Phoenix, and aims to expand to Los Angeles. They emphasize the affordability of PadSplit units, which cost around $800 per month, inclusive of utilities, and cater to essential workers. Mandisa explains the business model, which involves converting four-bedroom homes into seven-bedroom units, and addresses concerns about safety and credit requirements. She also shares her journey from the mortgage industry to co-living entrepreneurship.