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Finance
Posted: May 6, 2009
Patty Flowers 2009
Name: Patty Flowers
Title: Assistant Vice President, Certified Exchange Specialist
Company: Investment Property Exchange Services, Inc. (IPX1031)
Location: 133 Federal St., 12th Floor, Boston, MA 02110
Birthplace: Methuen, Mass.
Family: Husband, Bill; children: Cameron, Kevin and Erica
College: North Adams State College, North Adams, Mass.; BS, Business Administration, Management Concentration, Psychology minor
First job outside of 1031: Mortgage Lending, Home Owners Savings Bank
First job in 1031 or allied field: Opened the IPX1031 Boston office in 1998
What do you do now and what are you planning for the future? Assist real estate professionals, tax and legal advisors, offering exceptional 1031 security and services to their investment clients. I will continue to offer customizable CLE, CPE and RE continuing education courses throughout New England.
Hobbies: Time with family, skiing, golfing
Key to success: A genuine willingness to help, knowing that each person deserves that extra 10%
If you had to choose another vocation what would it be? Event planner
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Finance
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Quick Hits
Columns and Thought Leadership
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
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.
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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
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