News: Financial Digest
Posted: March 13, 2014
Professional Profile: Louis Chinappi, 2014
Name: Louis Chinappi
Title: Chair - Mass. Mortgage Bankers Association
Company: Conn. Attorney's Title Insurance Corp. (CATIC)
Location: 1700 West Park Drive, Sutie 21, Westborough, MA
Place of Birth and Year: Winchester, MA - 1963
Family: wife; Susan, children; David, Andrea
College: Salem State College - BS Bus. Admin; MBA
First Job in Finance or Allied Field: Teller at Stoneham Cooperative Bank
What do you do now and what are you planning for the future: Focus on assisting members with implementation of all new regulations banks are facing; more advocacy, get involved with legislators; more networking (i.e. March Madness - March 20th at Sea Dog Pub - Woburn)
Hobbies: Run and workout at the gym
Favorite Book: "Prayer for Owen Meaney" by John Irving
Favorite Movie: "It's a Wonderful Life"
Key to success (one idea): Address uncomfortable situations head on
If you were forced to choose another vocation what would it be?: Artist
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Quick Hits
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)
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