Teresa Fluegel
Northern California
Vice President
Mobile: (415) 290-2814
Email: teresa.fluegel@ipx1031.com
Teresa’s Bio
Teresa’s Bio
Teresa Fluegel brings nearly four decades of experience in real estate and 1031 Exchange transactions in her role as Vice President with Investment Property Exchange Services, Inc. (IPX1031). She has been a Certified Exchange Specialist® since 2004, a designation awarded by the Federation of Exchange Accommodators.
Teresa works closely with attorneys, accountants, commercial real estate professionals, and investor clients to structure 1031 Exchange transactions that defer capital gains and related taxes under Internal Revenue Code Section 1031. She has facilitated thousands of exchanges nationwide, including Delayed, Reverse, and Build to Suit structures.
A respected industry educator and leader, Teresa regularly teaches accredited 1031 Exchange courses for national law and CPA firms and has presented to thousands of real estate investors and professional organizations, including CREW, CCIM, SIOR, the Federation of Exchange Accommodators, and ProVisors. She has participated in panel discussions with the California Lawyers Association and UC Berkeley and has held numerous leadership roles, including serving on the Board of Directors for CCIM Northern California and Commercial Real Estate Women (CREW). She served as Chapter President of CREW East Bay in 2017, earned the CREW Network Certificate of Leadership, and currently serves on the Executive Committee for ProVisors.
Additional Contact Information
IPX1031 Northern California Regional Office
1735 Technology Drive Suite 830, San Jose CA 95110
Phone: (415) 293-7011
Toll-Free: (866) 228-1031
Fax: (415) 896-9422
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1031 Exchange FAQs
Does California have any special 1031 Exchange rules and regulations?
There are no special requirements for doing a 1031 Exchange with a property that you are selling in California. However, if you are going to exchange from CA to another state, you need to be aware that the State of California Franchise Tax Board tracks you when you leave the state with their deferred tax dollars. In 2014 California implemented a “clawback provision” which effectively requires that you file an informational tax return with the State of California each year, showing that you still own the property that you purchased in another state through your 1031 Exchange. They do this because if someday you decide to sell the other property and “cash out”, California will come back and “clawback” the taxes on the gain that was made while you were doing business in the State of California. For more information, please see the text of California Assembly Bill 92 here: Bill Text – AB-92 State government.
What are the benefits of doing a 1031 Exchange?
While the tax deferral benefits are enormous (deferring Federal Capital Gains Tax, State Income Tax, Depreciation Recapture & Healthcare Tax), I would argue that the non-tax benefits are the real reasons why people do 1031 Exchanges. Exchanges are used by investors who want to do one or more of the following:
• Increase your cash flow from your investment property(ies)
• Purchase a property with greater potential for appreciation in property value
• Buy a property that is closer to home
• Diversify into multiple properties
• Consolidate into one property that is easier to manage
• Buy a dream retirement home
• Purchase properties that will set up heirs for the future (estate planning)
• Acquire property with less deferred maintenance
How do I know if a 1031 Tax Deferred Exchange is right for me?
If any of the 1031 benefits bullet points interest you, a 1031 Exchange is worth exploring with a 1031 Exchange expert like me. Please contact me.
Is a Qualified Intermediary (AKA accommodator or QI) needed?
Yes. To avoid a taxable sale of the Relinquished Property, the use of an intermediary in virtually every 1031 transaction should be utilized. In addition, the Exchanger must enter into written agreements with the QI before the Relinquished Property is sold.
What is Like Kind Property? Can I sell my rental house and buy a 4plex? Can I sell my vacant lot and buy an office building?
Yes, you can buy ANY kind of business or investment real estate, anywhere in the US. The “like-kind” requirement does not mean selling and buying the same exact type of property. In an IRC §1031 transaction, you can exchange real property for virtually any other real property in the United States, as long as the property is held for productive use in a trade or business or for investment purposes. You can sell a rental house and buy apartments, commercial, industrial, mini storage, vacant land, agricultural, etc.
Key 1031 Resources
1031 Brochure
1031 Reference Book
Your IPX1031 Resource
IPX1031 Exchange Industry Partner Tools
IPX1031, the nation’s largest exchange facilitator and accommodator, provides industry leading exchange services including guidance, expertise, security and key information on 1031 Exchange rules, regulations and strategy.
1031 Exchange expert, Teresa Fluegel offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
Schedule Seminar with Teresa Fluegel
IPX1031 provides seminars for continuing education credits as well as custom and personalized seminars on tax deferred exchange topics for attorneys, CPAs, advisors, brokers, REALTORS®, agents, escrow, investors and taxpayers.
To find out about a seminar nearest you, or to schedule a seminar for your office, please contact us.
Industry Partner Resources
Is there an IPX1031 office near me? IPX1031, the national leader in 1031 Exchange QI services, is pleased to offer service in all US states including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming Search for your closest 1031 agent and 1031 office location here.
