Real Estate Bidding Wars and Tax Consequences of Selling


podcastweb520Hosts Antoinett Gangi and Marc Demetriou welcome guests Ken Bagner and Tom Abdou for Thursday October 31st, 2013 on the Real Estate and Money Show.

Real Estate Bidding Wars and Tax Consequences

Ken Bagner Partner at CPA Firm Sobel & Co., LLC  discuss real estate and the tax consequences of selling a primary residence vs a second home and investment property as well as was to minimize the tax paid on the profit. Also Tom Abdou  Real Estate Attorney of  Abdou Law Offices, LLC will discuss general market condition of purchase and sale transactions as well as the current bidding wars that are taking place

ken-bagnerKen Bagner is the Member of the Firm in charge of Employee Benefit Plan Audits at Sobel & Co.  He began his career with Sobel in 1999 and over the years has served diverse niches including commercial real estate, waste management, manufacturing, wholesale, not-for-profit organizations, and employee benefit plans.  Clients value both Ken’s technical abilities and his “hands-on” approach to addressing the unique aspects of each client’s business as well as his ability to combine an expertise in both accounting and tax to provide them with the business advice they need. website

In his spare time, Ken was an adjunct professor at Rutgers University where he taught both taxation for the undergraduate level and the Certified Financial Planners Program. Ken is also a member of the Board of the Directors of Metropolitan YMCA of the Oranges. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.  Currently, Ken serves as the Board Trustee for the Scholarship Fund, is also part of the Nominating and Retirement Fund Committees of the New Jersey Society of Certified Public Accountants.  Ken has also been a past member on the Board of Directors for the New Jersey Society of CPAs beginning in July 2008 for a two year term.


Tom (Tamer) Abdou

tom-abdouFounding and Managing Member of Abdou Law Offices, LLC with vast experience in both litigation and transactional matters. Focus on complex, civil litigation matters, and as a result of this experience, it provides the ability to approach the firm’s transactional practice with a distinct level of diligence and skill.

Currently engaged in a wide range of civil litigation matters such as construction litigation, insurance coverage litigation, real estate litigation, consumer protection, contractor/subcontractor claims, sales distribution disputes, and business dissolution/partition actions. Represents numerous clients in various types of negligence matters such as automobile negligence, slip & fall, and products liability. Additionally, engaged in an active workers’ compensation practice that prosecutes workers’ injury claims in an efficient and expedient manner. One of very few attorneys engaged in the practice of diminished vehicle value property damage claims. Presently, also engaged in general counsel work for various small to mid-size companies and professional associations in all aspects of business and transactional law ranging from business formation, preparation of corporate documents, and negotiating contracts and leases. Leads an established and robust commercial and residential real estate practice engaged in various matters ranging from the simple condominium to a high value, diverse commercial property.