Tenant In Common Property
There are countless investors throughout the country dreaming of moving their way from one asset class to the next. They might have enjoyed substantial appreciation on a multi-family or rental property but now wish to put their money into an investment generating more cash flow. Tenant in common (TIC) properties can aid the shift from a smaller investment property to one with greater performance potential. When you take part in a tenant in common program, you become the partial owner of a larger property. However, you are deeded control and ownership of your portion. In many TIC situations, you can tailor the amount of the property you wish to purchase, as long as you meet the investment's minimum requirement. It is important to fully understand the terms of the TIC before you enter. You need to know if you have the right to sell your share as an individual, what the overall holding outlook on the property is and who will be responsible for the day-to-day management of the property. Since there is no central "clearing house" for Tenant-in-Common investment opportunities it is sometimes hard to receive information on all available opportunities. At TM 1031 Exchange, we have access to a deep inventory of TIC investments and we notify investors as soon as new properties are made available. To learn more about our service (which is free to the investor), email team@tm1031exchange.com or call 1-877-4-TM1031.
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