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Las Vegas 1031

The 1031 Tax Deferred Exchange is a brilliant tax-saving mechanism. When all elements are right, it’s a great way to build a lot of pre-tax wealth. Competency is of utmost importance when doing a 1031 exchange.  We will help you identify the best Las Vegas or Henderson investment properties and oversee the process from start to finish. An experienced Las Vegas Realtor® can make all the difference.

LAS VEGAS 1031 EXCHANGE QUICK SEARCH
SEARCH ALL LAS VEGAS
HOMES FOR SALE BY PRICE RANGE!
$75,000 - $100,000 $250,000 - $300,000
$100,000 - $125,000 $300,000 - $350,000
$125,000 - $150,000 $350,000 - $400,000
$150,000 - $200,000 $400,000 - $450,000
$200,000 - $250,000 $450,000 - $500,000
HOMES OVER $500,000

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Las Vegas 1031 Exchange

Its important to be aware of some general guidelines that dictate each Las Vegas 1031 exchange.  The greatest mistake and investor can make is not following the rules given by the IRS.  Below is a quick checklist of the basic rules for a 1031 exchange.

LAS VEGAS 1031 EXCHANGE FEATURED LISTINGS HOMES
Please click the pictures below to see full details on these properties.
Las Vegas  1031 Exchange  Home
Las Vegas 1031 Exchange Home
$150,000
MLS#1062180
Las Vegas  1031 Exchange  Home
Las Vegas 1031 Exchange Home
$199,999
MLS#1083300
Las Vegas  1031 Exchange  Home
Las Vegas 1031 Exchange Home
$43,900
MLS#1088403
Las Vegas  1031 Exchange  Home
Las Vegas 1031 Exchange Home
$164,900
MLS#1114979
Las Vegas  1031 Exchange  Home
Las Vegas 1031 Exchange Home
$162,500
MLS#1120007
Las Vegas  1031 Exchange  Home
Las Vegas 1031 Exchange Home
$150,000
MLS#1128507

Qualified Intermediary - A qualified intermediary must oversee the exchange. The intermediary acts as a neutral third party, making sure all exchange guidelines are met. The intermediary also holds all the monies and makes disbursements, thus making the transaction clean and without question.

Property Restrictions - You must exchange across or up. The loan amount and purchase price of the new property must be equal to or greater than that of the property being exchanged. If there is a balance remaining, a lesser loan amount or purchase price, the monies are considered boot and you will pay gains on the difference.

Multiple Properties - You can exchange from one property into multiple properties, given the total loan amounts and purchase prices are equal to or greater than that of first property. You cannot exchange from multiple properties into a single property.

Time Restraints - You have 45 days from the sale of the original property to identify which property you will be exchanging into. You have 180 days to get the deal closed.

Property Restrictions - The property must be used as an investment property. While it would be great to exchange owner occupied residences to avoid short term gains, the IRS will not allow it.

Ownership Restrictions - You must own the investment property at least one year and a day prior to exchanging it.

Title Restrictions - You must hold title to the new property the same way you held title to the previous property.



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Las Vegas
Real Estate Blog
December 7, 2011, 11:44 am
December is for the Holidays.
The WHN Blog Team is taking the month of December off for the holidays. Were still as busy as the elves in the the office but its time to clear our heads of all this content and ready up for the upcoming new year. Happy Holidays to all of you See you in 2012.
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November 18, 2011, 11:32 am
About Assembly Bill 284 (AB 284 NV)
Real estate agents in Las Vegas are in tuned to the recently passed AB 284 that went into effect October 1 2011 but those outside of the Las Vegas real estate market arent too up to date. To sum it all up AB 284 will delay the foreclosure process. How? By increasing the requirements necessary for lenders to foreclose. In light of all the robosigning and the increased investigations of 14 major lenders for foreclosure fraud this Bill is meant to be one of the solutions to this ridiculous problem. While this most likely will expose fraud and give homeowners the ability now to obtain information on who is holding their mortgage increasing paperwork and having it recorded through the county clerk is simply going to create a huge back up in the system. With various budget cuts its unlikely that the clerks office is going on a hiring frenzy to keep up with all the work. The number of foreclosure filings for Clark County have already significantly dropped in the past month since the bill went into effect literally from once were thousands of filings a month now down to hundreds. Again this will reduce fraud and expose fraud allowing those involved to be prosecuted andor fined accordingly which overall is in the best interest of all homeowners however the back up in the system is going to be disastrous. The market is already slow its only going to slow down further. Tweet
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November 4, 2011, 10:40 am
Las Vegas Foreclosures and Robo-Signing
In most recent news it has been announced that an independent group of consultants along with federal bank regulators will be looking into homes that were foreclosed upon by 14 major lenders between January 1 2009 and December 31 2010. Anyone keeping up with the real estate market knows that Las Vegas foreclosures were numerous during that specific timeframe. After various complaints and suspicions further investigations decided to be conducted to uncover any foul play by the lenders and their employees. Many of these corporations are being accused of robosigning the illegal processing and obtaining of signatures on foreclosure documents quickly without going through the proper procedures. If after thorough review of these foreclosures the lender is found to have repossessed a home without going through the proper channels former homeowners may be entitled to compensation. Homeowners who lost their homes between the dates of January 1 2009 and December 31 2010 with 1 of the 14 listed lenders being investigated who believe that their primary residence was unfairly foreclosed upon can call 18889529105 and request a form to fill out and return no later than April 30 2012. If the complain meets the requirements more action will be taken to determine compensation. For additional information such as the list of lenders and call center hours head to independentforeclosurereview.com. Tweet
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