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News:
Finance
Posted: December 9, 2009
Nicholas Barrett 2009
Name: Nicholas Barrett, Esq.
Title: Principal Owner
Company: Nicholas Barrett & Associates
Location: 999 South Broadway, East Providence, RI 02914-4701
Place of Birth of Year: Freeport, N.Y. - 1949
Family: Wife Karen, son Nicholas and daughter Emily
College: Suffolk College AAS; University of Miami BBA; Suffolk University JD
First job outside of finance: Marketing rep. for Western Union
First job in finance or allied field: Tobin & Silverstein - associate litigation attorney
What do you do now and what are you planning for the future: Focus on lender services handling transactional work, closings, title, foreclosures, bankruptcy and evictions - gearing up for the finance and acquisitions market, which is picking up.
Hobbies: Time with family, charity work
Favorite Book: "For those I love" by Martin Gray
Favorite Movie: Blues Brothers
Person you most emulate (outside of family): Jerry Seinfeld
Key to success: Persistence and attitude
If you were forced to choose another vocation, what would it be? Paramedic
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Finance
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Columns and Thought Leadership
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
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.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
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
Are appraisers on the same page as the assessor? - by Richard Seman
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.
