Northern Bank employees volunteer at homeless shelter
A group of employees recently participated in a "spring cleanup" at an emergency shelter and transitional housing center run by Heading Home, a nonprofit agency that works to end homelessness.
In this episode of Everything Real Estate hosted by Realtor Randy Herman, our Northern 1031 Exchange Senior Vice President, John Starling, takes a deep dive into the basics of 1031 Exchange. He discusses the advantages of using 1031 to defer taxes , the types of properties that qualify and ways to structure an exchange, including forward, reverse and improvement exchanges. Starling also gives an overview of the 1031 Exchange rules and explains how the IRS defines like-kind exchanges and other requirements for a successful and valid exchange. He answers all those key questions investors have, including:
• What are the time frames?
• How long do I need to hold onto a property?
• How much do I have to invest?
Additionally, he explains the role of the Qualified Intermediary and the importance of working with an experienced company that knows and understands the ins-and-outs of 1031 Exchange.
Latest Posts
Northern Bank Charitable Foundation donates $40,000 to Nashoba Learning Group
The Northern Bank Charitable Foundation recently awarded a $40,000 grant to the Nashoba Learning Group, a school for children and adults with autism.
Charles Smith joins Northern Bank as Head of SBA Lending
Northern Bank, a full-service community and business bank, today announced the appointment of Charles Smith as its new Head of SBA Lending.
About Northern Bank & Trust Company
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.
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