News: Financial Digest
Posted: May 6, 2009
Patty Flowers 2009
Name: Patty Flowers
Title: Assistant Vice President, Certified Exchange Specialist
Company: Investment Property Exchange Services, Inc. (IPX1031)
Location: 133 Federal St., 12th Floor, Boston, MA 02110
Birthplace: Methuen, Mass.
Family: Husband, Bill; children: Cameron, Kevin and Erica
College: North Adams State College, North Adams, Mass.; BS, Business Administration, Management Concentration, Psychology minor
First job outside of 1031: Mortgage Lending, Home Owners Savings Bank
First job in 1031 or allied field: Opened the IPX1031 Boston office in 1998
What do you do now and what are you planning for the future? Assist real estate professionals, tax and legal advisors, offering exceptional 1031 security and services to their investment clients. I will continue to offer customizable CLE, CPE and RE continuing education courses throughout New England.
Hobbies: Time with family, skiing, golfing
Key to success: A genuine willingness to help, knowing that each person deserves that extra 10%
If you had to choose another vocation what would it be? Event planner
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Quick Hits
Columns and Thought Leadership
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)
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