News: Financial Digest
Posted: February 13, 2014
Professional Profile: Terance O'Mahoney, 2014
Name: Terance O'Mahoney, SRA & MAI
Title: President, Maine Chapter of the Appraisal Institute
Company: SC Valuation Group
Location: PO Box 419, Kittery, ME 03904
Place of birth and year: Plymouth, England - 1937
Family: Wife, Kimberly; Children, Chase and Aine
College: Articled pupil under auspices of Royal Institution of Chartered Surveyors
First job in real estate or allied field: Wells Fargo Bank - appraiser
What do you do now and what are you planning for the future: Continue education program; two new designations for review appraisers will be instituted
Hobbies: Travel
Favorite book: "Small Wars, Faraway Places" by Michael Burleigh
Favorite movie: "Philomena"
Person you most emulate (outside of family): Gerry Adams, president of Sinn Fein
Key to success: Education
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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.
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
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)
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.