Tenants In Common Explained




A 1031 exchange permits 1031 exchange property property owners to sell an investment property and defer tax payments by reinvesting the proceeds into a like-kind 1031 exchange property or investment properties. A tenants in common is a form of ownership that permits participants to enjoy the rewards of investment property ownership without participating in the ongoing management of an investment property. A tenants in common exchange yields an inherent interest in investment property and offers several benefits as a qualified 1031 exchange. The theory behind IRC section 1031 is to allow the property owner to reinvest the sale proceeds into another investment property, foregoing any economic gains that may have been realized from the sale. A qualified TIC advisor can help explain your options with investing in a tenants in common.

If you have recently sold, or are thinking of selling investment investment property, we can assist in matching you with a qualified TIC advisor. Contact us today for a free consultation.


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