News: Financial Digest
Posted: March 12, 2015
Professional Profile: Michael Sinclair, 2015
Name: Michael Sinclair
Title: Chair - Massachusetts Mortgage Bankers Assn.
Company: Hingham Institution for Savings
Location: 55 Main St., Hingham, MA
Birthplace and year: Boston - 1962
Family: Wife - Kim; Son - Danny
College: New England College of Finance - Associate in Banking; MBA - Fairfield University
First job in finance or allied field: Teller at Quincy Savings Bank
What do you do now and what are you planning for the future: Maintain the MMBA's present path; exchange information with members; stay active with regulators.
Hobbies: Time with family, NE Patriots football
Favorite book: Anything by John Grisham
Favorite movie: "Star Wars"
Person you most emulate (outside of family): John F. Kennedy
Key to success (one idea): Work hard; keep you eye on the ball
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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.
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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
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)