Mid-Cal Realty Services, Inc. (“Mid-Cal”) is a California Corporation which assists Investors in facilitating Internal Revenue Code Section 1031 (“IRC 1031”) tax deferred exchanges. Mid-Cal has been in business since 1988. Among the numerous exchanges Mid-Cal has expedited many were complicated, multi-state, multi-property transactions. Mid-Cal’s fees are reasonable and the service is second to none.
Mid-Cal continues to grow from referrals from past clients and real estate professionals. We pride ourselves on the accurate and valuable advice we provide as well as fast efficient service. Mid-Cal is headed by Philip Califano, a practicing Certified Public Accountant (CPA) since 1988. As a practicing C.P.A., Philip routinely structures tax deferred real estate transactions to maximize clients’ tax and financial benefits.
An IRC 1031 tax deferred exchange is a cost saving way to sell a rental or investment property and acquire another, without paying state (almost all states) and federal capital gains taxes. Once an IRC 1031tax deferred exchange is successfully completed, recognition of capital gains on the Relinquished Property is deferred.