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Archive for December, 2006

1031 Tax Deferred Exchanges: What to Know

Wednesday, December 20th, 2006

As previously discussed, there are several advantages to using a 1031 Tax Deferred Exchange. However, it is imperative that property owners carefully follow the IRS guidelines for selling and purchasing property.
To avoid the payment of capital gain taxes, you should follow three general rules:
Purchase replacement property that is the same or greater value as […]

Benefits of 1031 Tax Deferred Exchange

Wednesday, December 20th, 2006

To avoid the tax burden that often accompanies the sale of an investment property, many owners utilize an exchange of real estate. In essence, effectively trading one investment property for another. This process basically allows the owner the ability to utilize 100% of the proceeds from the sale of property to purchase a […]

New Tennant for the Las Vegas WET waterpark resort

Wednesday, December 20th, 2006

The Las Vegas WET project is a multifaceted large-scale resort, entertainment center and aquatic wonderland. Boasting all the conventional amenities of a grand scale water park, the project boasts of shattering expectations with an abundance of outdoor and indoor amusement attractions, in addition to a first-rate hotel and casino with superior entertainment retail.
This week, […]

Hotbed of illegal activity?

Tuesday, December 19th, 2006

According to a recent article in the Las Vegas Business Press, the Las Vegas Valley commerical real estate market may be becoming a hotbed for illegal money laundering. In fact, a study by the Treasury Department’s Financial Crimes Enforcement Network reported a spike in the amount of suspected money laundering activity since 2003 […]

Record Investment in Commercial Real Estate Arena

Friday, December 15th, 2006

The commerical real estate market is continuing to be a strong performer as 2006 draws to a close. The office and industrial markets are doing quite well. The rental apartment sectors is increasing rents, and the hotel industry is doing better than is has since 2001, according to the NAR.
Not including the […]