News: Financial Digest

Professional Profile: David Zamary, 2014

Name: David A. Zamary Title: First VP & Acting President, Connecticut Mortgage Bankers Assn. Company: First County Bank Location: 100 Prospect Street, Stamford, CT Place of Birth and Year: Bridgeport, CT – 1957 Family: wife; Debra, daughters; Taryn, Jenna College: Fairfield University – BA Economics; MBA in Finance – U of New Haven First Job in Finance or Allied Field: Mechanics & Farmers Bank – Mgmt. Trainee What do you do now and what are you planning for the future: As acting pres., promote the welfare of mortgage banking – tougher process – went from loosey goosey to real tight process. Also have a lot of educational seminars at CMBA Hobbies: Bike ride; speed walk; spend time outdoors Favorite Book: “Lord of the Flies” by William Golding Favorite Movie: “Scarface” Person you most emulate (outside of family): John F. Kennedy Key to success (one idea): Be honest, know the business; provide good follow up; be conscientious If you were forced to choose another vocation what would it be?: Psychologist or psychiatrist – work with people
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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.
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Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
What’s UP with that? - by Kyle Kadish

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

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

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.