^You’re assuming that A.) He wants to be in the real estate business, and B.) There’s a bank that will loan him $8m.
I don’t know why he did what he did. And I don’t know why he didn’t bother trying to 1031. All I know is that by the time I found out about it, it was too late to 1031, so I didn’t even bother to tell him about his $800k mistake. No point in rubbing salt in an open wound.
You know the situation best, but Hard to sell yourself if you don’t explain your value
Talking shit about their current advisors is an excellent way to get new business.
Always find dirt about people they work with!
For the record, I agree. But this is a client that I think would have been considered “off-limits” by the partners anyway. And ultimately, their tax practice is their business. Literally–their business.
And @Nerdy - I sincerely hope you’re joking.
you are looking out for your client’s best interest. not to win miss congeniality.
always double check everyone to see if they’re kosher. and if they fuck up substantially, make sure clients know how much it cost them.
for the most part a good advisor is a good teacher that educates the client!