News: Financial Digest
Posted: March 12, 2015
Professional Profile: Joseph Carelli, 2015
Name: Joseph Carelli
Title: Chair - New Hampshire Bankers Assn.
Company: Citizens Bank of New Hampshire & Vermont
Location: 875 Elm St., Manchester, NH
Birthplace and year: Chelmsford, MA - 1958
Family: Wife - Paula; Children - Alexandra, Christine, Devon
College: University of Massachusetts - BSBA Business Administration
First job in banking or allied field: Loan officer in-training - First Bank, Chelmsford, Mass.
What do you do now and what are you planning for the future? Work with our president Christiana Thornton and staff to promote the general welfare and public perception of banking institutions and also to raise awareness and promote dialogue around issues important to our industry, our associate members and our clients.
Hobbies: Time with family, skiing, running, bicycling
Favorite book: "Unbroken" by Laura Hillenbrand
Key to success (one idea): Build trust, high integrity and strong morals
If you were forced to choose another vocation what would it be? Forest ranger
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Columns and Thought Leadership
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.
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)
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
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.