Name: HB Buckner
Title: Senior Exchange Specialist
Company: Legal 1031 Exchange Services, Inc.
Location: 6 Ash St., Hollis, NH 03049
Birthplace and year: Boston, MA - 1950
Family: Wife Alice; daughter, Isabel
College: University of Mass., Amherst, BA Education
First job outside of 1031: Teacher at East Elementary School, Sharon, Mass.
First job in 1031: Exchange Specialist for Starker Services
What do you do now and what are you planning for the future? Teach continued education classes in 1031 exchanges with creative solutions. Utilize over 20 years of my experience as a consultant for investors.
Hobbies: International travel, musician, cooking.
Favorite book: "A Hundred years of solitude" by Gabriel Marque
Favorite movie: "Nightmare before Christmas"
Person you admire most (outside of family): The Dalai Lama
Key to success: Stick with it and treat everyone as a client
If you had to choose another vocation what would it be? Healthy fast food chef
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property