Name: Dennis Kelly
Title: Chairman, Mass. Bankers Association
Company: Bristol County Savings Bank
Location: 35 Broadway, Taunton, MA 02780
Birthplace and year: Pawtucket, R.I., 1947
Family: Wife, Michelle; two sons
College: Providence College, BA in History, Education; Graduate School of Finance (credit toward a degree)
First job outside of finance: Taught school, Slater Jr. High School in Pawtucket
First job in finance or allied field: Teller at First Bristol County National Bank
What do you do now and what are you planning for the future? Oversee staff with regard to the residential financial market and foreclosures; involved with security matters like the security of my information with TJX lawsuit.
Hobbies: Time with family, play golf, sports fan, reading.
Favorite book: "The History of Presidential Elections"
Favorite movie: "Field of Dreams"
Person you admire most (outside of real estate): Bob Hallock (former bank president)
Keys to success: Never say "no" to a challenge; don't sell yourself short.
If you had to choose another vocation what would it be? Teacher.
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
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
Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.