News: Financial Digest
Posted: September 13, 2012
Donald Gustafson 2012
Name: Donald Gustafson
Title: President of the Fairfield Westchester Chapter of REFA
Company: Shipman & Goodwin, LLP
Location: 300 Atlantic St., Stamford, Conn.
Place of birth and year: Norwalk, Conn. - May 27, 1953
Family: Wife, Kathy; children, John and Ann
College: Catholic University - BA, International Relations; John Marshall Law School: JD
First job in legal or allied field: Associate at Schatz & Schatz, Rubicoff & Kotkia
What do you do now and what are you planning for the future: Continue membership growth; maintain programs, information seminars & talks related to the real estate world
Hobbies: Time with family, golf, jog
Favorite book: "Unbroken" by Laura Hillenbrand
Favorite movie: "The Godfather"
Person you most emulate (outside of family): Abe Lincoln
Key to success (one idea): Hard work, diligence
If you were forced to choose another vocation what would it be?: Coach basketball
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Quick Hits
Columns and Thought Leadership
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay
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.
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay
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.
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
What’s UP with that? - by Kyle Kadish
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)