Las Vegas Short Sales: Bank of America Issues Changes to Short Sale Programs Bank of America came out with a few changes to their short sale programs today. The first change mostly affects flippers. Short sales closed through Bank of America now have deed restrictions upon re-selling the property. The home cannot be resold within 30…
Reprieve for Las Vegas Home Owners: Mortgage Debt Forgiveness Act Extended until Jan 1, 2014 Las Vegas home owners of primary residences who were facing foreclosure in 2013 would have faced serious tax consequences without this extension. The original Debt Forgiveness Act of 2007 signed by President Bush allowed for owners of principle residences who…
Las Vegas area resale inventory is still showing a shortage of available homes for sale. Whether more foreclosed homes will come out on the market or not, you currently hardly see any bank owned homes available here in Henderson. Responding to current market conditions, new home builders are confident and raising prices aggressively. I was…
Tired of the hustle and bustle of Las Vegas? While it is true Las Vegas is considered Sin City, even the most ardent of Sinners must eventually repent. And what better place then in the rolling hills of the Tuscan inspired community of Seven Hills. This is truly one of those magical places that can…
Thinking of buying or renting a condo at The Martin in Las Vegas? Three words location, location, location! Cross over the hardly used Harmon bridge making use of amenities, such as Range Rover car service along with concierge service providing any tickets to shows or sporting events, ensuring an effortless night on the town. Or…
Bank of America today is offering anywhere from $5,000 to $30,000 for “enhanced relocation assistance” to homeowners that qualify. I will get into some of the details in a moment. Bank of America told us in the email, that homeowners should contact a real estate agent familiar with their programs. Some homeowners may already have…
A Japanese client said: “There are some reports and information warning of another major earthquake, I want to get out of Japan”. People in so many cities and towns are troubled by the risks of natural disasters. Las Vegas has been spared from major natural disasters of the kind this client is worried about, such…
The green light may turn red at on December 31st 2012 for sellers of their personal residences who may want to do a short sale in Las Vegas. The Mortgage Debt Forgiveness Act of 2007 expires on December 31st of this year. This Act allowed for sellers who were foreclosed, sold via a short sale…
One of the realities of real estate is that it needs maintenance and upkeep. The older a property the more issues tend to arise that will cost investors, landlords and homeowners more and more money. The trend in Las Vegas is to invest in newer property that will have less maintenance issues and in turn…
Leverage is the number one reason you can get such great returns on real estate. Most people don’t understand leverage or understand the principals that make leverage such a fantastic tool in your real estate investing arsenal. First let me define leverage in the way it applies to real estate. You use leverage when you…
The real estate rental market in Las Vegas is competitive and also very lucrative. As a real estate investor, you’ll want to make sure you take some simple steps to make sure your rental property is the home that prospective tenants choose. Here are some simple tips to make sure your Las Vegas Investment property…
What’s The Difference Between IRS Forms 1099 and 1042-S? DO YOU HAVE FOREIGN OWNERS/INVESTORS? As a property manager, you are very much aware that by law, you must issue a 1099 form reporting gross rents to your property owners by 1/31 of every year. However, there seems to be a great deal of confusion out…
