A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Video: $8,000 Tax Credit

Video courtesy of Washington REALTORS® and Switch Marketing.

Labels: home buyer tax credit

Drawing upon the state of California escalating budget deficit, high taxes and strict business regulations, the Nevada Development Authority (NDA) launched an advertising campaign on Friday, August 7, 2009 that seeks to attract business owners to relocate to Southern Nevada. More so than in past years campaigns, NDA foresees many California businesses considering relocation due to the state current troubles.

Labels: nevada development authority, residency in nevada, tax advantages

Labels: home buyer tax credit

disclaimer: We advise you to consult a CPA for any tax questions, we are real estate professionals and not a tax advisers.

Seventeen Reasons to become a Nevada Resident

No personal income tax
No corporate income tax
No gross receipts tax
No franchise tax
No inventory tax
No tax on issuance of corporate shares
No requirements of shareholders&directors to live in Nevada
No tax on sale or transfer of shares
No succession or inheritance with IRS
No sharing of information with IRS
Simple annual requirements
Protection for Directors and Officers
No initial or minimum capital requirements
Anonymity of owners-Total Privacy
Low property taxes
Business friendly environment
Privacy is yours in Nevada

If you have ever been audited by our friends at the IRS, you understand the expense and hassle of doing business with them. The State of Nevada is the only state in the nation that does not share information with the IRS. It has been noted by tax professionals that many audits are derived because information shared by the states with the IRS does not match up.

Call us for the report 702-595-8505 or e-mail cristine@lefkowitzteam.com for the entire tax advantage report

disclaimer: We advise you to consult a CPA for any tax questions, we are real estate professionals and not a tax advisers.

Labels: home buyer tax credit, tax advantages

Nevada Developement Authority

Drawing upon the state of California’s escalating budget deficit, high taxes and strict business regulations, the Nevada Development Authority (NDA) launched an advertising campaign on Friday, August 7, 2009 that seeks to attract business owners to relocate to Southern Nevada. More so than in past years’ campaigns, NDA foresees many California businesses considering relocation due to the state’s current troubles.

Labels: move business, move to las vegas, relocate to las vegas

Looking for some basic home loan information - the following are important considerations - let our team of home loan specialists guide you through the process

Conventional loan: No more than 15% of the owners can be delinquent in their HOA Dues and the owner occupancy percentage must be over 60%. No pending litigation and the lender must still approve the complex.

FHA and VA loans: Must be on the FHA approved Condo list (see FHA link below) AND the requirements listed on the approval page must be met. No pending litigation.

Canadians purchasing a condo in Las Vegas: No more than 5% of the owners can be delinquent in their HOA Dues and the owner occupancy percentage must be over 70%. No pending litigation.

Labels: conventional loans, fha, fha mortage, home loans, va

Call Cristine Lefkowitz for more information about short sales, or for our short sale preview package for a better understanding how this process can benefit cristine@lefkowitzteam.com 702-595-8505



Call Cristine Lefkowitz for more information about short sales, or for our short sale preview package for a better understanding how this process can benefit cristine@lefkowitzteam.com 702-595-8505

Labels: short sales, shortsales

disclaimer: We advise you to consult a CPA for any tax questions, we are real estate professionals and not a tax advisers.

E-MAIL cristine@lefkowitzteam.com or call for 702-595-8505 for the full Nevada Tax Benefits Report

Various factors are considered in determining whether a taxpayer has met Nevada's residency criteria.

How long are you physically present in Nevada during the year?
Where do you have sources of income?
Where are you registered to vote?
Where do you own a house?
Where do you claim the homeowner’s exemption?
Where is your driver’s license issued?
Where are your closest business contacts, including clubs?
Where are your vehicles are registered?
Where your minor children attend school, and whether you paid resident or non-resident tuition.
Which state has jurisdiction in the administration of your wills and trusts?
Where have you obtained a homestead exemption?
Where do you maintain a safety deposit box(es)?
Where do you file an affidavit of domicile?
Where do you own a cemetery plot?

E-MAIL cristine@lefkowitzteam.com or call for 702-595-8505 for the full Nevada Tax Benefits Report

disclaimer: We advise you to consult a CPA for any tax questions, we are real estate professionals and not a tax advisers.

Labels: residency in nevada, tax advantages

IMPORTANT LINKS

FHA http://portal.hud.gov/portal/page?_pageid=73,1&_dad=portal&_schema=PORTAL



FHA Mortgage Limits https://entp.hud.gov/idapp/html/hicostlook.cfm



FHA Approved Condo Look-Up https://entp.hud.gov/idapp/html/condlook.cfm?CFID=1318400&CFTOKEN=9c57314bac1b7ef7-DD1133B5-B1F5-2C90-75FF9D8F2543C965



First-Time Homebuyer Tax Credit http://www.federalhousingtaxcredit.com/2009/index.html



100 Questions and Answers about buying a new home http://www.hud.gov/offices/hsg/sfh/buying/buyhm.cfm



½ Off Homes for teachers, firefighters, EMT’s and Cops http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm



Do I have a Fannie Mae loan? http://loanlookup.fanniemae.com/loanlookup/



Do I have a Freddie Mac loan? https://ww3.freddiemac.com/corporate/

Labels: fha, fha mortage, home buyer tax credit, hud

Labels: historic district, las vegas, las vegas land, mansion