Las Vegas is known for its glamorous casinos and nightlife. The city is also known for its thriving yet volatile real estate market. In this episode about the Las Vegas real estate market, Scott Carson gets to speak with Josh Galindo, founder and owner of the Galindo Group. Scott and Josh talk about the current market state in Vegas and what opportunities and challenges lay in wait for investors and home owners alike. Tune in for more real estate news and insights from Scott and his guests in The Note Closers Show.
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Sin City Blues: Analyzing The Las Vegas Real Estate With Josh Galindo
You know that I love focusing on markets out there and bringing in experts in specific cities and market states who are killing it but also have their nose to grindstone and ear to the ground knowing what’s going on because they’re in it on a day in, day out basis. We’re excited about our special guest. He’s an original Sin City born and raised in Las Vegas. This is the biggest thing. He flipped more than 700 homes, owns over 30 rental properties, and is the broker and owner of Galindo Group Real Estate. He is set to retire by age 40. I doubt he retires because once you’re in real estate, you never ever really retire. He is a proud father of four and runs his business with his wife, Krystal, by his side. The man, the myth, and the amazing Las Vegas Sin City legend, Mr. Josh Galindo is joining us. What’s going on, Josh? How are you doing?
Scott, that was a hell of an introduction. I’m doing well. You got the whole scoop on me.
That’s the thing. We’re doing our research and due diligence on folks and making sure we’ve got the right people for our audience. Seven hundred homes, when did you get started as an investor or a realtor there in Las Vegas? When did you kick things off?
I was licensed in 2005. Real estate was pretty relevant in my life growing up. I started out syndicating commercial land deals. It was a pretty simple model, which is why I liked the house flipping model. It’s a 5-acre piece of dirt. It’s $5 million. You put five people together and each person puts up $1 million. You buy it, flip it to the home builder, and move on down the road. That was how I started. I did pretty well, built some credit, and learned a few things. When ‘07, ‘08 and ‘09, and then the rest is history. It hit and I had to pivot and learn a different way to make money.
I understood the fundamentals of real estate, which was to find the highest and best use for the piece. They’re distressed homes. How do I bring them back to their maximum potential? I felt that I was capable of doing that. I jumped into the house flipping business. I fell in love with it and love it now. It’s one of the greatest ways to preserve capital and safely make money. It doesn’t require a lot of speculation and time. I love it for many reasons.
That’s why I love having you on here because you have been through the recession. You had to pivot and figure things out. I remember Vegas was a ghost town. A lot of people were laid off. People weren’t traveling to Sin City for vacation or the shows. Southwest was giving away tickets.
You get $100 credit when you get to the hotel. Free room, free flight and $100.
We’ve bought a lot of distressed debt out in Las Vegas, Nevada during that period and saw the opportunity there. It rebounded back very strongly. There are a lot of opportunities out there. Also, you’re getting a lot of influx. A lot of people are moving out from the Bay Area to Vegas and in California too.
The joke out here is that Gavin Newsom is the Realtor of the Year in Nevada. California came out here with a bang. The end of January 2021 is when I started to sense it. There are a lot of other factors like low-interest rates and low inventory. There were a lot of people who are unable to sell because they were in forbearance or whatever their circumstance was, and people not being able to buy. There wasn’t any movement because of all the pandemic-related things. At the end of January 2021, I was like, “I don’t know what’s going to happen.”
I’ve been through a recession. A lot of the people that are my age that are around me in my industry in Vegas didn’t get to experience the recession. A lot of them have very optimistic views on the way things go. Buy everything. Gamble all the way. The market only goes up. Leverage everything to 95%. Take as much debt as you can. Live broke but have a ton of property. I was blessed enough to be able to watch a lot of people exercise that model in 2003, 2004, 2005 and 2006. I did exercise that model and got absolutely wiped off the planet. The people that didn’t believe we’re capable of getting wiped off the planet, got scraped off the planet after the recession hit.
I’m a big believer in being very cautious in how you use leverage. It’s a very powerful and productive tool. It’s something that needs to be highly considered. I say to myself, “I don’t know what the pandemic is going to do.” I don’t want to get buried. I got four kids. I’m the only provider for my whole family. I said, “I’m going to play this safe. I’m going to go buy the best product I can buy and overpay for all of it because something big is coming.” At the very worst, if I get stuck holding the bag, it’s with the highest quality type of product.
For example, in Vegas, that would be considered a single-story, three-car garage, pool, spa, 2,400 square feet, if you’ve got a view, cul-de-sac corner lot, four bedrooms. It hits all the buttons. I went out and acquired a ton of that type of product. It went my way and because I had the premium product, I got uber rewarded for it all. I was selling some of this stuff for prices I had never even witnessed ever. A lot of that was in California.
We have seen the same thing here in Austin, Texas. People were paying for that premium quality of the product because they’re walking in with a big housing budget and it’s a bargain to them. We necessarily wouldn’t buy it for ourselves at overprice in a lot of cases, but others that are coming with a $900,000 budget have the opportunity to do that. You mentioned forbearance. Nevada was one of the big states that shut down foreclosures and evictions immediately to give everybody some opportunity out there. Where are you seeing things out there? Are you seeing an increase in defaults? Do you see an increase in days on the market or distressed listings? What are you seeing out there in Vegas?
I started buying at the auction in 2009 and I was jamming. In 2010, life was great. In 2011, life was great and then they came out with what’s called an AB-284, which was an assembly bill that stopped all foreclosures. I was forced to go and redevelop the way that I was buying property. A lot of people either made so much money, they retired, get the option or they gave up and went back to doing regular real estate. I was like, “I’m too passionate about flipping. I got to find a plan B.” I jumped on the MLS and said, “I will work harder.” That’s what I did. I said, “Instead of being able to stumble, trip and fall, I’m going down to the auction and throw a dart in the air. Wherever it landed, I can make money on.”
I had to go on the MLS and write 100 offers a week and hope I’d found that weak seller that was willing to allow me the margins I needed to make money. When that happened, there were tons of REOs on the MLS and lots of foreclosures. Probably about 2016 or 2017, I haven’t bought one REO off of the MLS. It’s wild. There are no short sales and no REOs. That’s to create some perspective. We go to the pandemic and the same thing is the answer.
I know it’s not as sexy of an answer as I would have liked to be able to explain but there’s nothing. There are no REOs, no foreclosures, no short sales. Maybe there are but just a few. If they are out there, there’s so much demand that the REO doesn’t get an opportunity to sit at a low price. If it does, it’s this extreme deal that the whole city sees and not to mention the consumer, and then they bid its price right back up.
It may be good for your audience to know. I’m going to go back to this Vegas question. It’s not about the product when it comes to flipping. It’s about the price you could buy it for. I’m sure you’ve seen this. How many times is the house torn to pieces? It looks terrible. It looks like a good flip and it’s listed at full retail. How many times have you walked in and bought a house, property or some investment that you’ve got that needs no work and it’s listed at $65,000 below market?
People get so hung up on the visual effect that they see on the computer, get all excited, and start trying to bang on a seller that’s listed on the full list. Your job is to find $70,000 between what your seller wants and what you’re willing to pay versus looking at the price, forget the property, and let the seller do most of the work for you. It’s one of the big things that I say. If the house is worth $300,000 and it’s listed at $270,000, and you got to get it for $250,000, now you only got to find $20,000.
I work a lot with traditional sellers that are on the MLS. I don’t tap into that REO market very much. What do I think about the forbearance? What am I seeing? I didn’t get enough background on you but I’m going to assume that you’ve seen it all. You know it. You’re buying distressed notes. The banks aren’t going to do that again. I wholeheartedly believe that. If somebody has an objection, I would love to hear it because I would love to get educated in the other direction. If these banks go and start foreclosing on everybody, the whole thing starts again.
It has been made pretty clear by the Federal Government that if they see any funny business from these banks, they’re going to publicly fine them for doing so. That’s also protecting the consumer. The reality was, there weren’t a lot of people getting foreclosed on. Since there weren’t a lot of people getting foreclosed on, those people’s houses weren’t being listed. In our inventory, a super balanced market would probably be like 10,000 available homes, single-family, condo, townhome or whatever it is. I want to be specific. Single-family homes are about are 7,000. We’ll talk about single-family. That’s a pretty decent balanced market. It’s still a little in favor of the seller but it’s decent. We got down to 1,800. We had two and a half weeks of inventory.
For your audience, if they don’t understand what that means, if that one seller stops putting houses on the market, we would be out of houses to sell in two and half weeks. I had houses that I bought thinking they were worth $450,000. I listed it thinking I would d be a little aggressive at $480,000. I had sold it for $580,000. It was $120,000 more in what I thought it was worth. That all goes back to supply and demand. There was nothing to be able to buy.
What does it look like now? The market has loosened up a little bit but I had to create that perspective for your audience to understand, 7,000 is roughly healthy, 1,800 was the extreme as a result of the pandemic, low-interest rates or all the above. The lowest was 1,800. It’s something I had never witnessed. We then have gone back to 3,000, and then I started paying attention at 3,000. A big indicator that I would encourage anybody out there that is wanting to grab a nugget from this episode is to watch the availables. People get so hung up on all the statistics and all this crazy stuff, and they’re analyzing all of it. They get into analysis paralysis, which is something that I don’t believe in.
Watch the available homes on the MLS. When that number starts ticking up, it’s simple supply and demand economics. At 3,000, what that meant was that our inventory had gone up roughly 100% from 1,800 to 3,000. That’s a big number. It’s still extremely beneficial, seller’s market. I started watching it there and saw it go to 3,100, 3,200, 3,300 and 3,400. I paused all buying in my office and said, “We’re stopping. We’re going to wait and see what happens.” We had 25 homes at the time.
I said, “Let’s stop buying for the moment and see what happens. The market is still strong. We will be able to get out of these.” If this thing goes up 200%, then that’s going to get national attention or at least local attention, spook a lot of people, and then accelerate. You know how that goes once it’s out in the media. What ended up happening is as wild as it was, it stuck at 3,500. For eight weeks, it goes 3,550, 3,450, 3,650 and 3,500. It’s wild to me that this appears to be a balanced market at 3,500 available homes.
If you would have asked me this a few years ago, I would have said that’s crazy and ludicrous but that’s what it is. Prices have gone up about 20% to 25% out here at least. In some areas, it’s substantially more. There are homes that I’m selling for $320,000 that I was selling for $230,000 a few years ago. Rents are through the roof. Investors are flooding in. The hedge funds out here are buying stuff.
Here’s something that I found to be interesting and it’s a little technique that I use in my life. If I’m a house flipper and I’m investing my own capital or investor’s capital, and my job is to be responsible for that capital, what do I use to make sure that I’m being responsible and paying attention to it? I don’t have hundreds of millions of dollars a year to invest in market analysis and all of these other resources that these big hedge funds do. I pay close attention to the Opendoor and the Offerpad. I don’t know if you have those out there, but they’re the iBuyers for those who don’t know who those are.
What I did is I said, “I’m going to go and understand their business model.” I googled excessively and obsessively the Offerpad and Opendoor business model. When I understood it, I knew that a portion of their model depends on the appreciation. They need that appreciation to hit their margin. As long as you’re driving down the road here in OfferPad and Opendoor radio ads in your local market, there’s a good chance that they’ve got a lot more money than you do to determine if they should be continuing to buy in those markets. That’s something that I pay close attention to in addition to the availables on the market.
Back to the hedge funds. That was a nugget I wanted to drop for your audience. The other thing is when they were talking about inflation being transitory, transitory was a logical thought. I was like, “I could see it. All the bottleneck stuff happened and maybe we are going to work our way through that relatively quickly.” I also understood that printing $9 trillion of money wasn’t going to be good for anything. I’ll take their word for it. I’m still doing my deal and work flipping homes. The hedge funds start coming in like wild animals.
I put a house on the market. It’s worth $315,000. I get a little zealous and put it up for $320,000. They come in at $355,000 and buy in cash in four days. I’m like, “What just happened?” I got to catch one of these guys’ ears because I have to hear what’s their logic. I understand rentals and I understand the Vegas market. It’s one of the most volatile markets ever. You go to 300 and those houses could be worth $25,000.
I’m like, “What are these guys understanding?” I get ahold of one of the guys and go, “What’s your model?” He said, “The last time the inflation was somewhere in the late ‘80s, everything went up, real estate goods, gas and the whole nine. The only thing that didn’t come back down was real estate. I have never seen it. I watched it happen and everything else got control but real estate prices generally stayed strong.” I come to find out if we speak based on 2021, inflation is real and is going to take off. All those hedge fund guys who are buying all that property made the right move.
It also helps them get very cheap money as well, 25% at that. They can’t overpay because if you figure in appreciation staying stable, they’re going to end up out last and doing it all. Zillow announced they stopped buying in the Austin market here.
They did in Vegas. I was going to bring that up. In my office, they were all like, “Zillow is not buying.” I didn’t look at it like that. I looked at it like, “We better pay attention. There was a reason they’re not buying.” What is your opinion on that?
They gave the reason that they have bought all these houses. They don’t have the people to come in and rehab them, and the cost of goods to go and rehab them. They don’t have the manpower to implement that. They stopped buying to get caught back up on that. I think it’s bullshit because with the price point they’re buying at, the average days on market, and those variations, we have already started to see that dip come down where people are reducing the listing prices of those homes. I think they have realized that and they’re like, “We’re not buying any more because we’re not going to see that appreciation in the short-term and go from there.”
Their model is based on the short-term.
Especially their fixing and flipping has definitely a buy-and-hold rental aspect like Blackstone holds most properties for long-term. We are seeing the same thing here in Austin. You mentioned rents are going through the roof, which leaves the non-first-time home buyer and a lot of the service industry professionals struggling. We’re seeing that all across the country with people not being able to afford entry-level homes or four groups coming together to rent a two-bedroom house. They’re trying to maximize it because the hourly wage or something like that is below the property line. Are you seeing that in Las Vegas as well?
The answer is yes. Frankly speaking, I’ve got to do what’s best for my business and it may not sound beautiful or great. I’ve got tenants that are paying $1,200 a month and I didn’t raise the rent in the pandemic because I didn’t want to ruffle any feathers. That same house now is renting for $1,700 a month. For me, it’s not just one house. If I can get even half my portfolio at fifteen homes up an extra $500 a month, that’s a substantial lifestyle change for me or an influx of additional cash that I can go and do something with.
It’s a very interesting thing. Where I’m curious is a lot of these investors are buying based on these inflated rents. They’re coming to Vegas, and who knows if they’re inflated. I would love to pick someone’s brain that knows more than me because I have a lot of questions in this field. Are they inflated? I would argue that yes they are. Why? It’s because there’s not an abundance of them. If there’s not an abundance of something, then the price goes up. What happens when there is an abundance? Is there going to be an abundance? Scott, did you refinance your house during all this? If you’re comfortable sharing, what is your interest rate?
It’s low. It’s definitely under 3%.
I did the same thing, under 3%. I don’t know why I would ever sell this property that I live in. I could rent the property for substantially more than what I pay in a mortgage. All of that translates to that piece of real estate will never see the open market again. If you times the Scott scenario, the Josh scenario, and all the people that take advantage of the refinance opportunity, those homes are also not going to come and see the light of day. They will become rental properties most likely.
When you have that cheap debt, why would you ever get rid of it? I asked myself, “Maybe it will never go. There will never be an excessive amount of homes again.” I play this yin and yang, try to analyze each scenario, and take into consideration all the things I understand about real estate. I don’t know the answer. At the moment the rents and housing prices are through the roof. It is what it is in Vegas.
When you’re looking at the price points in Vegas and the number that you see, is anything below $300,000 or $400,000 in the Vegas market gets gobbled up immediately? Is there a price point for that?
$330,000 and below is the new $200,000 and below. $200,000 and below out here if I were to put that on the MLS years ago, I bet there would be 18 to 25 homes total. If there were, they’re 1 or 2-bedroom. They’re older and not very attractive properties. Now, you type in $300,000 and below, I should have done it for fun but I would argue that there’s a very small amount of them, and then it goes $330,000 and below.
You bump it a little bit but you need something you can be proud to live in. You need a 3 or 4-bedroom, a garage, a little renovation or a decent-sized lot. That shrinks even smaller. It’s easy to say there’s a lot of stuff under $300,000. When you narrow it down to what would someone be willing to live in or doesn’t need to put any money into, it shrinks it down. That’s our price point. I’m curious what’s yours because your prices are higher than ours substantially is my understanding.
We have gone from the $390,000 range to the mid $400,000s.
$390,000 was your $300,000 here?
It used to be $300,000 before COVID. A few years ago it was $295,000 to $300,000 in a lot of cases. This has skyrocketed. They say Austin is 50% to 80% overpriced because of such a demand. Our houses appreciate over $150,000 in the last few months. I agree 100% with what you’re saying. People aren’t going to see the REO aspect of things. I don’t think they’re going to go that route. We do have forbearances but what we are already starting to see in a lot of this stuff that happens is there’s something that is distressed.
First-time home buyers bought a new home and it’s a tax appraisal default. They were budget mindset but didn’t figure that the tax is being changed on that or they had been out of work. We are seeing an influx of defaults in Nevada and the Vegas market, which is surprising. It’s interesting looking at the market because the biggest thing is it tells you that people are trying to hold on in some fashion with forbearance but they are not being able to complete that forbearance to fruition, whether it’s 6 months or 12 months.
They’re not looking to sell because they have no place to go. Either rent rates are too high for them and they can’t buy a new house because their credit shot from the delay. We see a lot of FHA loans in that neck of the woods. They’re in default. We have also seen a lot of non-owner stuff, investor loans, and some hard money loans, which are surprisingly in default with the market being sold out there. It’s interesting. I love talking about markets.
I got so carried away on that side of the argument. I love going down your side of the argument. I was being optimistic about what the optimistic view looks like. Let’s talk about what the other view looks like. I would agree with you. These people that bought these homes in 2020, let’s call it $300,000 brand new from KB Home, now they pay 25% more than what they should have anyway for a box with a one-car garage and no backyard. They paid $300,000. It was worth $260,000 on the open market. The pandemic hit and then they went into forbearance.
They tacked on another $20,000 worth of payments on the end of their loans. They owe $320,000. All of a sudden the bank is going, “We got to get back to real life here.” They’re still saying, “I don’t have a job because I don’t have to have a job in this economy. That’s the new norm. I’m not paying because I read on the news that I don’t have to.” I could see a whole lot of those out there. The thing that I would follow closely that would inspire me to believe that we may be heading in that direction is the notice of sale.
At this point, the banks are like with our rental properties, “Your rent is due.” “I will get it on Friday” “It’s Friday and your rent is still due.” You say, “I didn’t get paid.” “I’m hitting you with a five-day pay or quit.” All of a sudden, the rent shows up. With the notice of defaults, there may be a psychological play there, “The party is over.” What would frighten me is that the notice of sales started skyrocketing. That’s your bread and butter. Are you seeing notice of sales?
I don’t target the foreclosure options. We buy the debt to become the bank. The idea is that we buy that debt at a discount of $0.70 of value or less. We take on that problem borrower and make our money by modifying, reinstating, and letting the borrower start back up again.
Let’s do that. You’re the carp of the lending world. I’m the carp of the crappy houses in the neighborhood. I go to the bottom of the lake and clean them up.
We clean up the bad borrowers. We rehab the borrowers versus rehab the properties.
My question would be, “Do you hide all of this?” All of these people start foreclosing in Las Vegas. Let’s say 100,000 people are going to default. That’s quite a few people. Are there enough Scotts out there that can quietly come over, grab that debt, pick the phone up, and go, “Mrs. Smith, Bank of America has an out-of-the-country call center. I get why you didn’t answer their call. I get that they wanted all their money but I’m different. Let’s work this out.” You just 1, 2, 3, 4 and 5 and all of a sudden, “To Josh Galindo and the rest of the world.” That has never happened. There’s no foreclosure.
We have already been doing that. That’s a big thing. It’s the fourth quarter here in 2021 and moving into the next one. That’s always the busiest time of the year for debt sales. When I see the likes of these big banks or iBuyers stopping to buy because they overpaid, that breeds, especially adding increased rents and default rates. We track banks’ default rates. There are several big banks there in Nevada that have a higher percentage of defaults on their portfolio. 25% to 30% of their overall lending is in default on the residential side.
Default or forbearance?
It’s in default, 90 days plus past due. We’re not tracking forbearances with those but we are able to because they’re disclosing these things on a quarterly basis to the FDIC. They opened the kimono. I can see, “It looks like these banks got 30% of their portfolio in default across the country and a big part of it being there in Nevada.” That’s the thing that we track.
When we buy a note, it doesn’t affect the sales price of the property because we’re not technically buying the property. We’re buying the debt at a discount. We’ve got the same rents to go back and modify. We see a pretty good modification rate at 50%, 60% to 70% on the borrower. You’re still going to have those foreclosed but a lot of those may never even go into foreclosure because you may do a short sale or a deed in lieu, take Cash for Keys, and then keep the property back.
It’s always interesting to see what different markets are. Dallas is a very large market. It’s much bigger than Austin. They have seen a big increase in short sales and days on the market because it’s not moving. It’s so big compared to a lot of the other states. Let’s face it. In Las Vegas and Henderson, in one market there, there are not a lot of surrounding markets in Nevada for the most part. That’s the ugly stepchild down the road.
That’s not even close. People don’t realize that Reno is an eight-hour drive. You don’t just stroll over to Reno.
Not at all. That’s the thing that we’re seeing. I’m glad that you brought it up about people that hadn’t lived through 2008, ’09 and ’10, “It’s going to keep going up.” We all know that’s not the case. Things have to change at some point. We are already in the process of seeing them with default. The default rate is still three times what it was pre-COVID for the most part across the country. I don’t know exactly what is in Nevada. I will have to look at it. The foreclosure and eviction mortgage term ended on October 3rd. It’s the final date there for Vegas. It was something around there.
It got moved so many times I quit paying attention to that. I was able to evict so I didn’t pay attention.
The biggest thing is Vegas is prime for 2022 as long as people keep coming in and still have that big influx of folks from California move over and Gavin Newsom is the Realtor of the Year. That’s why Vegas is a strong market for those that see something in that market. If I can buy something, pick it up at $0.70 or $0.80, that gives me the flexibility to work with a borrower and say, “Let’s sell the property.” It allows us to adjust our numbers instead of trying to stay below 70%, which is what a normal fix and flipper would try to do with 70% of ARV and all that stuff. That’s the important thing that we love talking about.
I want to make sure because I don’t want to miss out on this Las Vegas topic. There’s something that I want to mention about Las Vegas. There’s Las Vegas 2006, 2005 and 2021. It is a different city. It’s such a cliché statement because all of the sellers in the city are like, “The Raiders are coming.” They have been saying that forever. They love that line. The reality is that the Raiders are here, which is a huge thing. COVID almost benefited us because there was a spike of optimism when the Raiders were announced, and then there was a spike of lasting optimism as they built the stadium.
Instead of the Raiders news being old news, the pandemic delayed it until it got to open. We never got to go into it. Now we are allowed to use the stadium. I don’t think Vegas understood what it felt like to have 70,000 human beings blow out of a building in 30 minutes and it’s happening. Every time I go to the stadium to go watch a game, it’s $100 to the guy that owns the local warehouse that has used his parking lot as parking times 300 spaces. His whole life changed when that stadium rolled up from parking. Times that by a million other unique scenarios.
Amazon and Google are here. We’re not as heavily dependent on construction like we were in 2005 and 2006. The workforce was wrapped up in building Sin City Center, Echelon, Cosmopolitan, and all of these different casinos. When they were done and the recession hit, it was a ghost town. Thankfully, there is still a lot of construction. Vegas got smart and realized that it had to diversify and attract other businesses. I wanted to bring that up because you were mentioning a good opportunity and I wanted to double down on that with you. Vegas is an exception. It’s a different city. It’s a little more mature and real.
The city has learned from the past recession and diversified very smartly to make things happen like that. You’ve got another major attraction bringing people into the city.
They’re talking with the baseball too, MLB. They’re fighting out with the A’s. I’m laughing at Oakland going, “Didn’t you see what happened to the Raiders? Give these guys what they want or they’re going to leave.”
The Warriors are no longer playing in Oakland anymore. They’re down by the Bay in San Francisco. You’ve got the Giants that are there at the ballpark. You see Oakland at least in that situation. Go to Las Vegas, A’s.
That would be great for us.
Josh, I know you’ve got a busy schedule ahead of you. Thank you so much for coming on the show and sharing the insights of Sin City in the market and your experience there. We look forward to having you in the future and talking more about markets and stuff. Does that sound all right, Josh?
Yes. We would have a lot of fun. If I could give myself a shameless plug here if you want to know more about what I’m up to and what I do is a little bit more specific to my lifestyle and how I got to where I’m at with real estate-related items, please check out my podcast Going Galindo Rugrats and Renovations. You can check me out at Galindo Group Real Estate, Las Vegas. Thank you very much, Scott, for having me. It was a real treat.
It was a pleasure to have you. I always love having like-minded people. Check out the podcast. Josh knows his thing definitely when it comes to that market. As I said before, he’s keeping track of things. It’s not always rosy. You got to know where the opportunities are. When most people go in one way, go the opposite way and you will often come out doing well. Go out and take some action, everybody. We will see you at the top.
About Josh Galindo
Josh Galindo. He’s born in raised in Las Vegas where he has flipped more than 700 homes. He owns over 30 rental properties and is the broker & owner of Galindo Group Real Estate. Set to retire by age 40, he’s a father of 4 and runs is his business with his wife Krystal by his side. You can hear more about Josh on his podcast with his wife – Going Galindo: Rugrats and Renovations. Tune in to hear them discuss real estate investing, house flipping, power of mindset, and Krystal’s fight against breast cancer.
Powerhouse founder, broker, and owner of Galindo Group Real Estate, Josh takes great pride in the empire he’s built in his hometown of Las Vegas, NV. At only 36 years young, Josh has built financial
freedom through real estate investments and mastering a no-quit mindset. A few of his accomplishments include 700+ flips, personally owning 30+ rental properties, and 1,000+ transactions in commercial & residential real estate.