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TIC Explained
Tenants In Common Explained
A 1031 exchange permits investment property investors to sell a commercial property and defer tax payments by reinvesting the proceeds into a like-kind investment, commercial property or several commercial properties. 1031 tenants in common exchanges are a subform of this like kind investment type (a 1031 exchange). Tenants in common ownership is an investment in which two or more persons have a fractional interest in an asset. A tenants in common property investor has the same rights and benefits as a single property investor of commercial property.
A primary benefit of 1031 exchange is to allow the property investor to reinvest the sale proceeds into another commercial property, foregoing any economic gains that may have been realized from the sale. A qualified TIC broker can help explain your options if you are considering investing in a tenants in common.
If you have recently sold, or are thinking of selling investment property, we can help match you with a qualified TIC broker. Contact us today for a free consultation.
