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In a TENANTS-IN-COMMON interest multiple owners come together to purchase a large, institutional-grade property, not as limited partners, but as individual owners. Each owner receives an individual deed at closing for his or her own undivided fractional interest in the entire property, and has all the same rights as a single owner. As a participant in a TENANTS-IN-COMMON interest you would own a piece of a large, professionally managed building, receive a pro rata share of all the revenue that building generates, benefit from additional tax shelters, very possibly enjoy increased cash flow, and preserve your capital by investing in property that continues to appreciate.
You greatly simplify estate planning.
TENANTS-IN-COMMON can simplify wealth transfer and estate issues. After all, it’s much easier to divide a monthly check among heirs than it is to divide a building.