News: Financial Digest
Posted: June 10, 2009
Leonard Lucas 2009
Name: Leonard Lucas
Title: First Vice President/Senior Loan Officer
Company: Love Funding
Location: 170 Newbury St., Boston 02116
Birthplace and year: Lawrence, MA - 1953
Family: Wife, Susan
College: Kenyan College - AB Economics; N.E. School of Law - JD
First job outside of appraisal: Lawyer - O'Connell Welch & Quinlan
First job in real estate or allied field: Love Funding - Vice Presdient
What do you do now and what are you planning for the future? Originate HUD loans for senior housing and healthcare; Act as an intermediary for placing non HUD debt and equity for senior housing/healthcare.
Hobbies: Ski, cycle and read
Favorite movie: "The Godfather 1 & 2"
Person you admire most (outside of family): James Bond
Key to success: Keep your eye on the ball (presuming you know what the ball is)
If you had to choose another vocation what would it be? Real estate developer
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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.
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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.
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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