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News:
Finance
Posted: May 10, 2012
Warren Gomberg 2012
Name: Warren Gomberg
Title: Principal
Company: Gomberg Financial Services
Location: 196 Pleasant St., Marblehead, MA 01945
Place of birth and year: Brooklyn, NY - 1953
Family: 23 year old son, fiancé Gina Khan
College: Northeastern University, BA Business
First Job Outside Finance: Wilk & Welch, rental sales, selling condos
First Job in Finance or Allied Field: Originated 203K Rehab loans for investors
What do you do now and what are you planning for the future? We specialize in financing apartment buildings and have closed over 426 commercial loans over a 14 year history. Fannie Mae a specialty. Deals harder to do now with what we do. Current federal regulations. Banks are more cautious.
Hobbies: Fish, finding interesting ethnic restaurants
Favorite book: "Winning through Intimidation" by Robert Ringer
Favorite movie: "Field of Dreams"
Key to success: Hard work, have a passion for what you do
If you were forced to choose another vocation what would it be? Landlord
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Finance
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Quick Hits
Columns and Thought Leadership
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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.
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.
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
