Name: F. Moore McLaughlin
Title: Owner
Company: All States 1031 Exchange Facilitator, LLC
Location: 32 Custom House St., Suite 510, Providence RI 02903
Birthplace and year: Lubbock, Tex. - 1967
Family: Wife, Lisa; children: Franklin, Andrew Tex
College: University of Texas at Dallas - BS Accounting; Pepperdine University School of Law - JD; N.Y. School of Law - Masters of Law in Taxation.
First job outside of 1031: Ord & Norman Law - associate attorney
First job in 1031: All States 1031 Exchange Facilitator, LLC - founded 1999
What do you do now and what are you planning for the future? We handle all types of 1031 exchanges on a national basis, including real and personal property. Will continue to grow the company through the education of allied professions.
Hobbies: Fishing
Favorite book: Gorilla Marketing series by Jay Levinson
Key to success: Focus and hard work
If you had to choose another vocation what would it be? Professional fisherman on the pro fishing circuit.
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.
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
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.