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 it joined the American Bankers Association and banks across the nation to promote an industry-wide campaign educating consumers about the persistent threat of phishing scams.
Northern Bank, a full-service community and business bank, today announced the appointment of Justin Thomas as its new Head of Community Lending and Vice President.
The Northern Bank Charitable Foundation awarded a grand total of $20,500 in grants to three local nonprofits with a little help from the community and one giant piggybank.
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.