Name: Robert McDonald
Title: President, Mass. Mortgage Bankers Association
Company: Mass. Mortage Group, Inc.
Location: 100 George P. Hassett Dr., Medford, MA 02155
First job outside of finance: Rare coin dealer
First job in real estate or allied field: Independent mortage broker for RTM Financial
What do your do now and what are you planning for the future? Increase membership; continue to offer members the necessary education requirements for state and federal regulations.
Hobbies: Golf, deep sea fishing, rare coin dealing
Favorite book: "What to say when you talk to yourself" by Shad Helmstetter
Keys to success: Daily, weekly, monthly planning.
If you had to choose another vocation what would it be? Rare coin dealer for Collvestcoins.com
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
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.
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