John Starling, Senior Vice President of Northern 1031 Exchange, answers frequently asked questions regarding like-kind exchanges in a 2019 article published in the New England Real Estate Journal.
In this piece, Starling reiterates the benefits of tax deferred exchanges, including improved cash flow, resolved management problems, increased leverage and enhanced opportunity for greater wealth appreciation. Then he goes on to list the key exchange questions on most investors’ minds and provides expert answers.
So, what do investors want to know most about 1031 Exchange? How does it Work? How can a Qualified Intermediary help you implement this process? What does a Qualified Intermediary do? What are the requirements for reinvesting in a replacement property? What is considered like-kind property? What properties do not meet the 1031 requirements? What is the sequence of events and how to get started?
This article provides an in-depth overview of the exchange process and highlights the important details needed to do an exchange. Both season exchangers and first-timers will find it insightful and informative.
Northern Bank, a full-service community and business bank, today announced that it would begin accepting applicants for its annual $5,000 college scholarship award. All graduating high school seniors, who have a parent or legal guardian employed as a police officer or firefighter in Middlesex County, are eligible to apply.
Criminals are more active than ever when is comes to tricking small business owners into handing over cash or sensitive banking information. It’s estimated that five percent of business revenue is lost to fraud each year, according to the Association of Certified Fraud Examiners. Learn more about how you can protect your business from fraud.
Northern Bank, a full-service community and business bank, has been named by the U.S. Small Business Administration (SBA) as the top lender in Massachusetts to small businesses in the accommodations industry. Northern Bank ranked first in SBA loans made to Massachusetts restaurants, which is considered part of the accommodations industry.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.