Spinelli named senior vice president at Randolph Savings Bank
The Randolph Savings Bank board of trustees has named Michael Spinelli of Canton senior vice president and senior lending officer for Randolph Savings Bank. Spinelli previously served as the vice president and the commercial loan manager. He will now be responsible for oversight of all aspects of residential and commercial lending. Spinelli has a BS from Bentley College and his MBA in Finance from Anna Maria College. Having experience with Horizon Bank, Spinelli came to Randolph Savings in 2007 from Holbrook Cooperative Bank and is a member of the board of directors of Milton Hospital.
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
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.
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)
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
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.