Location
8255 S Las Vegas Blvd
Las Vegas NV 89123
The Building
40 stories
272 units
14 floor plans 830 sq ft – 2850 sq ft
Raised dining bar in kitchens
10ft ceilings and 8ft entry doors
Recessed lighting
Spacious master bedrooms with walk-in closets
Dual master bedrooms with walk-in-closets
Dual masters in select floor plans
Insulated windows with Low-e (radiant heat resistive coated) glazing systems
Soft water throughout condominium
Large terraces averaging over 200 sq ft
Climate-controlled interior corridors
Amenities
6800 sq ft Health Club
7 acres of open space
Lush landscaping
Social oasis with 3 swimming pools with private cabanas
Secondary pool
Outdoor hot tubs
Lighted tennis court
Half-mile perimeter fitness trail
Two guard gated entries
24-hour roaming security
Outdoor event spaces
Kitchen
Stainless Jenn -Air appliances
Built in microwave
Granite countertops
Custom cabinetry
Bathrooms
Whirlpool washers & dryers
Kohler plumbing fixtures
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Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
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