Name: Dorothy Savarese
Title: Chairman, Mass. Bankers Association
Company: Cape Cod Five Savings Bank
Location: 532 Main St., Harwichport, Mass.
Place of birth and year: Ridgewood, NJ - 1957
Family: Divorced; son John
College: Thomas More College - BA Psychology; MBA - Suffolk University
First job outside of finance: Asst. Director - Little Miami, Inc.
First job in finance or allied field: Downtown Revitalization Mgr. - City of Lovington, KY
What do you do now and what are you planning for the future: Support the work of staff and members, oversee legislation; research; leadership work and help banks succeed and thrive, also focus on small business lending, education and develop industry leaders.
Hobbies: Time with family, walk, read
Favorite book: "A Team of Rivals" by Doris Kearns Goodwin
Favorite movie: It's A Wonderful Life
Person you most emulate (outside of family): Abraham Lincoln
Key to success (one idea): Set goals, work hard
If you were forced to choose another vocation what would it be: Mystery writer
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.