Name: Charles "Guy" Andrews, SRA
Title: President, Vermont Chapter of the Appraisal Institute
Company: CMA Appraisals, Inc.
Location: 565 Barnes Rd., Monteplier, VT 05602
Place of birth and year: Burlington, VT - 1963
Family: Wife, Lauren; Daughters, Meredith and Devon
College: Paul Smith College - associate degree in Hotel Management
First job outside appraisal: Dishwasher at Dejavu Café in Burlington
First job in appraisal: Fred Blais Appraisers - trainee
What do you do now and what are you planning for the future: We are hiring an executive director (Jackie Beauchame who is also ex. dir. of CT chapter) to run day to day affairs. I plan to implement strategic planning; institute strong committees; institute educational programs; encourage members to become designated; attract new members
Hobbies: Cooking, collect wine, travel
Favorite book: "Shibumi" by Trevanian (pseudonym for Rodney William Whitaker)
Favorite movie: "Best in Show"
Person you most emulate (outside of family): Ed Friihauf, MAI
Key to success (one idea): "POLITE" - Professional, Organized, Limber, Intelligent, Timely, Educated
If you were forced to choose another vocation what would it be?: Professional Chef
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.
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.
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.
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