News: Financial Digest
Posted: January 8, 2015
Professional Profile: Ken Dicks, 2015
Name: Ken Dicks, MAI
Title: President, Mass. & R.I. Chapter of Appraisal Institute
Company: Santander Bank, USA
Location: Dorchester, MA
Birthplace and year: Staten Island, New York - 1961
Family: Betsy (wife/partner 26 years) two sons, Brendan , Christopher and Finn McCool our Golden Doodle.
College: University of South Florida, BS Business Administration
First job outside of appraisal: Newspaper delivery New York Daily News and Staten Island Advance age 10.
First Job in appraisal: Research Assistant, Bay Area Appraisal Services, Tampa, Florida
What do you do now and what are you planning for the future: Actively pursuing new educational offerings to benefit members, continued engagement in appraisal related legislation on the local level and developing new programs to enhance future opportunities for the organization.
Hobbies: Bicycling (7 year PMC veteran), family time walking the beaches of Southeast Massachusetts and trips to Ireland, gardening.
Favorite Book: "Long Walk to Freedom"
Favorite Movie: "Love Actually"
Person you most emulate (outside of family): Nelson Mandella
Key to success: Strong work ethic and the ability to view and solve problems from multiple vantage points.
If you were to choose another vocation what would it be?: Landscape photographer
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Columns and Thought Leadership
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.
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)
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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