Many speculative investors who bought condos and homes in Las Vegas riding on the
real estate boom are now resorting to “flipping”. They need to be aware of the fact that if they sell their properties within the first 12 months of acquiring it will need to pay the short-term capital gains and other taxes that go with acquiring and selling real estate.

Also, many inexperienced investors in real estate do not take into account such expenses as the cost of acquirng, refurbishing and selling property like real estate agent fees, cost of repairing rundown properties and so on which quickly adds up your costs without any guarantee that you will make back these costs.

Experts in real estate investing advice novice investors and flippers to hold on to their properties atleast for a year as this converts property to a capital asset, and you will pay the long-term capital gains tax which is much lower than the short-term capital gains tax. Also, investors should limit the amount of repair work done to a property to avoid being considered in a trade or business. You may end up paying self-employment taxes apart from your ordinary income taxes.

Rhodes Homes unveils La Luna at Tuscany

Rhodes Homes newest offering - La Luna at Tuscany, is an Italian style residential village featuring a clock tower, obelisk, and bell tower - landmarks common in an Italian countryside. Located in Henderson the homes are inspired by Tuscany, Italy.

The impressive floor plans include one and two story homes ranging from 1,724 to 3,431 square feet. The homes will have three to five bedrooms and three to four baths, with options for spiral staircases, vaulted ceilings, kitchen nooks, walk-in closets, lofts, dens and decks.

The Tuscany homes are priced starting from mid-$300,000s and on completion will include seven villages and about 2,000 residences. The community will also have access to 34,000-square-foot recreation center in mid-2006. Resident memberships will be available.

Ryland Homes new offering at Montage Residence Two will feature two and three story floor plans to accomodate the lifestyles of different groups of home buyers.

For example the three story plan will feature den, office, foyer and two car garage on the first level. Dining room, kitchen, laundry, powder room and a great room and covered deck on the second level. A master bedroom and second bedroom on the third level with their own baths. Ofcourse buyers can customise the rooms to their requirements.

The homes will feature walk in closets, island kitchens, lofts, ceramic-tile entry flooring, raised-panel doors, satin chrome lever-style hardware, Silestone counter tops, raised-panel maple cabinetry and appliances.All homes come with low-maintenance front yards with drip irrigation, and one- or two-car garages with finished interiors.

Also, residents can avail of all the facilities offered at the master planned community like parks, trails, pools etc.

The homes at Montage will range from 1,659 to 2,103 square feet and have two or three bedrooms and 2 1/2 to 3 1/2 baths. They will display Mission- and Spanish-style architecture.
The residences will be priced from the high $300,000s.

Turnberry Towers project will consist of two 45-story towers is under development at Paradise Road and Karen Avenue. A host of amenities and features are planned for the towers to cater to the low-maintenance life-styles of its owners. Owners of Turnberry Towers homes most likely will use these homes as part-time residences and as such prefer least amount of inconvenience when in residence here.

A highlight of the amenities is the electronic concierge service. With the touch of a button residents can order for movie tickets, reserve tables at hotels or get their car parked or ordered from the garages. Apart from this the system can also be used to access the spa, fitness center, front desk.

Homebuyers can choose between one, two or three bedroom condos with varying features. All homes come equipped with Italian marble baths, spa tubs, kitchen appliances and high ceilings. Home prices start from $500,000 and go up to $1.3 million.

New homes are on offer at the Madera and Alvarado neighborhood are on offer for sale in the Vista Verde community in the northwestern part of Las Vegas Valley.

The Madera will have one and two-story floor plans each containing up to five bedrooms and options such as courtyards, game rooms, patios and bonus rooms.

The homes size will range from 2,576 to 3,552 square feet and be situated on sites averaging 6,800 square feet. Prices are expected to start from the $400,000s.

Alvarado has something similar on offer as the Madera but the prices are expected to be much lower from the Madera home prices as the lot sizes are smaller. Prices are expected to start from the $300,000s. The floor plans will measure 1,570 to 2,420 square feet and be situated on lots averaging 4,675 square feet.

Green Valley Ranch

Since Green Valley master planned community turned out to be a great success, the developers American Nevada Corporation built a smaller sister community. Located higher up in the Black Mountains at a greater elevation than Green Valley the Green Valley Ranch has over 1300 acres of beautiful homes, biking trails, parks, green belts and wonderful schools.

District at Green Valley Ranch also offers great shopping and eating-places and the new Henderson Community Center is a masterpiece with its amphitheater, library and community pool offers excellent relaxation and recreational centers.

Prices are from about $250,000 to approximately $2,000,000.

Iron Mountain Ranch -

A small community underway in the growing northwest part of Las Vegas. The 337 acres community will offer 1700 moderately priced homes and a European spa to its residents.

Lynbrook

One more in the list of small master planned communities coming up on the far Northwest side of town, Lynbrook offers outstanding values for the first time home buyer. A totally gated neighborhood with four wooded parks and walking paths with ponds and brooks the prices of homes in this community range from $180,000 up to $300,000.

The Trump Hotel Tower complex will be located at the cross roads of The Strip and Fashion Show Boulevard. 50 stories high the gold curtain wall tower will offer all that a hotel Condominiums offers in addition to a health club and spa, a five star restaurant together with the finest amenities. Every feature of the Trump Tower will have the Trump signature of style and elegance.

The Tower, a concrete and glass structure and adorned with a 24-karat-gold and glass top is to be patterned after the Trump International Hotel and Tower in Manhattan. Every part of the Trump Tower offers great views of the city, the mountains and the glittering Strip.

The Trump tower has almost sold out, and the construction is to start only in late 2005 and it will take about 18 months to completion.

Condominium prices start at $500,000 - up to several millions. You could use your condos full time or rent it out when you are not using them. When you place your condo in the rental pool the project managers will rent out the units like a hotel when they are not in use by their owners. There will be no time limits placed on the amount of time the owners must use their units as in other developments.

The Manors - Ultra Luxury Condominiums are located on the Las Vegas Strip and have multi-directional views and customers can choose form the 4 design packages - Portfino, Manhattan, Classic and Bel Air. The Manors are fully furnished with European linen and bedding, designer furnishings for the kitchen and dining, flat screen televisions in all living areas and bedrooms.

Each floor has just six apartments with floor to ceiling glass, extensive security and surveillance. The elegant European two-story lobby and entrance with concierge, door and valet, each apartment comes with two parking spaces. You can relax in the Tri Level infiniti pools, Jacuzzis and cabanas. You also have access to the Club Majestic, Health Club/European Spa and Business Center.

fter Las Vegas, Henderson is the 2nd largest city in Nevada and was incorporated in 1953. About 7 miles from the Las Vegas strip, the city is also just minutes away from Lake Mead and Boulder City.

Henderson is also home to Green Valley the first large master planned community in southern Nevada. Henderson is predominantly residential. Following the success of Green Valley, Henderson has 25 other master planned communities scheduled to come up.

Henderson is ideal for families with school going children as it offers excellent schooling and over 40 parks and provides more recreational facilities per capita than any other community in southern Nevada.

Some communities in Henderson include Seven Hills, Sunridge at MacDonald Ranch, Del Webb’s Sun City MacDonald Ranch, MacDonald Highlands, Green Valley Ranch, and South Valley Ranch
Lake Las Vegas, Del Webb’s Anthem, Sun City Anthem & Solera (Age restriced*), Tuscany Hills.

Las Vegas, the gambling capital in 1972 had a book released named “Learning from Las Vegas” in which the author stated that the architect and builders should give a thought to the taste and desires of the common people, as the architect of Las Vegas do. Thirty-three years have passed by and still there is so much that everybody has to learn from Las Vegas especially the economists, journalists and politicians.

Las Vegas is not only the fastest growing metropolitan area in the United States but also his most popular destination in the world. It has attracted 37 million visitors, which is equal to that New York City. The city’s population has grown from 273,000 in 1970 to 1,700.000 in 2005.

Real estate value is soaring higher every year, as the demand is greater than the supply. In one year that is from 2003 to 2004 the average single family home has gone up by 52 percent. Local unemployment is 3.7%, and there is no state income tax these things have added to the real estate boom.

The vigor and vitality of Las Vegas city is due to the frantic competition in every field. To be successful one has to constantly renew and improve otherwise you will be left far behind. The environment of Las Vegas has also put a great impact on the real estate. The whole place is very exciting and enjoyable and one of the biggest reasons for the record number of tourists influx.