1031 Tenants In Common
If you sell a piece of real estate, one of the best ways to enhance your financial portfolio is to divert the capital gains tax from the sale through a 1031 exchange. If you're not sure what a 1031 exchange is, it's basically a process whereby you trade one investment property for another. According to IRS rules, the property exchanged must qualify as a "like-kind" investment. There are a number of different reasons to take part in a 1031 property exchange. If you're looking to relocate, you can trade a property in one geographic area for a property in another location. If you want to diversify your financial portfolio, you can invest in a different type of property, such as exchanging a rental property for a shared interest in a commercial property. One of the most popular options in 1031 exchanges is the Tenant-in-Common, or TIC, agreement. TIC agreements are made between up to 35 owners who invest in large or industrial properties. If you're looking to increase your monthly revenue or create a source of retirement income, this option may be right for you. As part owner, you're entitled to appreciation, tax breaks, and a monthly rental income. When you invest in a TIC property you generally take part in a management agreement with a professional management company. This means you never have to worry about getting those late night phone calls from tenants, or deal with the hassles of vendors and contractors again. At TM 1031 Exchange we help you find TIC properties online though our network of brokers, developers, and investors. Check out our listings online at www.tm1031exchange.com to get started today.
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