Jefferson Kellam Registration Rep. Nationwide Financial Network
Name: F. Jefferson Kellam
Title: Registration Rep.
Company: Nationwide Financial Network
Location: 1613 Hanover Ave., Richmond, VA 23220
Birthplace and year: Norfolk, Va., 1946
College: Randolph Mason, BA, English
First job outside of finance: Marketing rep. for Texaco
First job in finance or allied field: Agent for John Hancock Life Insurance Co.
What do you do now and what are you planning for the future? Provide financial planning services for people looking toward retirement.
Hobbies: Sailing, home renovation
Favorite movie: "Gone With the Wind"
Person you admire most (outside of family): Ronald Reagan
Key to success: Don't give up
If you had to choose another vocation what would it be? Enter the ministry - the more you do for people, the better your life is.
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.
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
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
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.
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.