Tenants In Common Explained
A
tenants in common exchange is a type of
1031 exchange that serves as an alternative to sole ownership of investment property.
tenants in common exchanges offer several benefits to the property owner, including deferred tax.Many property owners leverage their new
investment property deals with existing like kind
investment property investments by entering into a
tenants in common exchange. Classified by the IRS as a 1031 exchange, tenants in common’s help property owners 1) consolidate their investments, 2) continue amounting wealth through diversified investment, and 3) defer any capital gains on the sale of any investment property.
If you are considering selling, we can match you with a qualified
TIC advisor that can help you explore your
1031 exchange options.