Tenancy-in-common or TIC is an agreement under which two or more investors share undivided ownership in the same property. That’s why they are called tenants-in-common. TIC is beneficial for small or medium-sized investors as it allows them to co-own large and improved properties along with other investors. Not to mention, the number of investors here is limited to 35. Tenancy-in-common differs from a joint tenancy in many ways. Not only this, but TIC in 1031 Exchange is also possible.
Perks of TIC Investment
You can use TIC investment to close your 1031 Exchange - Yes, you read that correctly. As you may know, a 1031 Exchange allows investors to defer capital gains taxes on exchanging an investment property for another like-kind property. There is only one condition – properties involved in 1031 Exchanges must be held for use in trade, business or for investment purposes. So, technically you can exchange any commercial property for another without any tax consequences. Since TIC in 1031 exchange are also acquired for business purposes, they qualify for 1031 Exchanges. To know about best TIC Investment offers, you can call 888-876-6005 or email us at [email protected]
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September 2019
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