1031 TICs
If you've grown tired of the strain and drain of managing your investment properties, you are not alone. Investors everywhere recognize ownership as time-consuming and labor intensive. From dealing with tenant concerns and arranging for regular maintenance to working with contractors and scheduling improvements, ownership can be a full-time job. For those hoping to slow down or enjoy other interest, owning a tenant in common (TIC) may be very attractive. Investors interested in owning TICs may wonder what they can do with the properties they already own. For many, the answer lies in the 1031 exchange. In a 1031 TIC exchange, the investor simply sells his or her property and uses the proceeds in the purchase of TIC interest. This arrangement allows investors to defer capital gains taxation, while gaining property that does not require active management. Obtaining property through a 1031 TIC can provide a way for an investor to secure monthly income. Each owner of the TIC receives pro-rata income. Owning shares in a TIC also affords each owner individual write-offs and appreciation benefits. Furthermore, investing in a TIC may be a good option for those looking to both diversify and lower risk. There are plusses and minuses that are unique to TIC ownership. TM 1031 Exchange has successfully handled hundreds of TIC investments for 1031 exchange investors. Please contact us so we can discuss in more detail if a TIC is a good option for you. Often, the most challenging aspect of dealing with 1031 TICs is finding the right property in which to invest as quickly as possible. Due to the time constraints of the 1031 exchange, having the most efficient resources for finding property is imperative. At TM 1031, we work with investors assisting them in finding the right properties at the right time. To learn about our property database and independent National Referral Network, contact us today. Call our team at TM 1031 Exchange toll-free at 1-877-4TM-1031 or send us e-mail team@tm1031exchange.com
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