A trusted partner in more than 0 1031 exchanges in the State of California.
Kayla Frerking
VP 1031 Exchanges, West Coast Manager
Kayla is a longtime California resident with a decade of experience helping Golden State real estate investors navigate IRC §1031 tax-deferred exchanges and every aspect of real estate transactions. Having participated in thousands of closings during her years working in the real estate industry, Kayla has experience in every type of 1031 exchange including reverse exchanges, delayed exchanges, simultaneous exchanges, and split treatment exchanges.
She focuses on educating and servicing California real estate investors, attorneys, real estate brokers, agents, accountants, and financial advisors. Kayla’s dedication to delivering a world-class service experience coupled with the security of funds offered by Leader1031 means every California exchanger she works with gets the peace of mind of having their funds backed by a financial institution.
Over the course of her career, Kayla has worked for several renowned qualified intermediaries in the 1031 exchange industry as well as with real estate agents from the commercial and residential sectors, commercial bankers, commercial brokers, mortgage brokers, financial advisors, and DST affiliates. Kayla currently resides in San Diego, California.
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Everything You Need to Know About 1031 Exchanges in California
The Leader1031 Difference for California Real Estate Investors
As a subsidiary of Leader Bank, Leader1031 offers California real estate investors looking to take advantage of the tax-deferred advantages of a 1031 exchange the added security of a financial institution. Plus, as a Federation of Exchange Accommodators (FEA) approved Qualified Intermediary service, investors working with Leader1031 on a California 1031 exchange can sleep easy knowing their funds are secure throughout their transaction.
1031 Exchange Process in California
Once an investor sells a property, they have 45 days to identify a like-kind property (or properties) of equal or greater value plus an additional 135 days (if needed) to close on any identified property (or properties). This means that investors must acquire the new property and complete the exchange within 180 days (45+135=180) of closing on the relinquished property in a California 1031 exchange.
1031 Requirements for California
To qualify for a 1031 exchange, CA taxpayers must work with a QI (like Leader1031) to structure the transaction as an exchange and not a standard sale. A QI must also be involved prior to closing of the sold property to create an exchange agreement with the taxpayer and obtain other documentation. CA real estate investors must identify any replacement property in writing in a timely manner and their QI must hold the proceeds and apply them only toward the acquisition of replacement property.
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1031 Exchange Calculator
This 1031 Exchange calculator will estimate the taxable impact of your proposed sale and purchase. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). If you take cash out and/or you purchase less than you sell, it is considered recognized gain and will be taxed. By changing any value in the following form fields, calculated values are immediately provided for displayed output values.
How to Find a California Qualified Intermediary for 1031 Exchanges
Are you a real estate investor in California looking to use the tax-deferred advantages of IRC Section 1031 in the sale and purchase of investment properties? If so, one of the first things you should think about doing is finding a Qualified Intermediary (or QI for short) that can help you navigate the 1031 exchange process.
1031 Exchange Timeline Calculator
A 1031 Exchange requires meeting very strict deadlines for successful completion. Use this calculator to help you determine the deadlines for the 45-Day Identification Period and the 180-Day Exchange Period based on the closing date you provide for the relinquished property.
Frequently Asked Questions
About Us
Leader1031*, a subsidiary of Leader Bank, is proud to provide relationship Qualified Intermediary services with a world-class client service experience across all 50 states. Our team has decades of combined industry experience helping real estate investors use the tax-deferred advantages of Section 1031 exchanges to sell and purchase commercial properties, residential properties, and rental properties. And with the added security of a financial institution, you’ll always know where your funds are being held.
*Leader1031.com, LLC ("Leader1031") is a wholly owned subsidiary of Leader Bank, N.A. This website is provided as general information only and should not be taken as legal, investment or other professional advice. This content of this publication shall not be construed as a recommendation to participate in any particular trading, financial or investment strategy, and neither Leader Bank, NA nor Leader1031.com, LLC can provide legal or tax advice concerning the specific tax consequences of a given transaction. Any action that you take as a result of information or opinions provided in this publication is ultimately your responsibility. Consult your attorney or tax professional before making any investment or financial decisions.
