News: Finance

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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Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

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.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.