OfflineHow many know much about TIC's? If you do let's hear what you know.
I also have a lot on TIC's for purchasing property and will add the information after the forum gets started if people would like.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
It's just a way to hold title along with Sole and Separate, Community Property, Joint Tenants.
http://homebuying.about.com/od/marketfactstrends/qt/0207TinCommon.htm
uuuhhh explanation please, SULLY.
YOUR HERO, SULLY
Tenants in Common is a very useful way to purchase multi family and other properties.
Benefits:
- Little cost to set up
- Active voice in management
- Easy to transure ownership
- You can buy more with your money
- No mortgage restrictions like LP, LLC, or Corp
- Tax advanages are shared tax benefits
By using a TIC you can group a lot of people together to create a down payment for large properties that can improve you buying power very heavily.
Using TIC's also helps you create a non-securities transaction that I explained a little about earlier in other posts.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125