Name: Christine Hume, MAI
Title: President, Maine Chapter of Appraisal Institute
Company: Kennebunk Savings Bank
Location: 50 Portland Rd., Kennebunk, ME
Birthplace: Brattleboro, VT
Family: Husband Eric, twin daughter, Erin and Paige
College: University of Vermont, BA Economics, minor Political science; University of New Hampshire, MS Public Administration
First job outside of appraisal: Teller at Bank North Group
First job in appraisal or allied field: Trainee at Moran & Associates in Conn.
What do you do now and what are you planning for the future? Get more members designated; try to better serve all of our members statewide; continue with chapter developed educational opportunities.
Hobbies: Ski, golf
Favorite movie: "Love Actually"
Person you emulate (outside of family): Jim Moran
Key to success: Believe that there is nothing you can't do.
If you were to choose another vocation what would it be? Golf Pro
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.
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
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)
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.