What Is a Tenants in Common 1031 Exchange (TIC)? TICs mean that two or more investorsshare ownership and fractional interest in properties purchased through a 1031 like kindexchange. These combined TICs/1031 Exchanges are used by investors for wealth-building,portfolio diversification, and lowering maintenance burdens on themselves. Tenants in common 1031 Exchange is a form of real estate asset...
1031 Exchange
Eligible Properties: The properties involved in the exchange must be held for business or investment purposes. Personal-use properties, such as a primary residence or vacation home, are not eligible for a 1031 exchange. Like-Kind Property: The property you acquire must be of "like-kind" to the property you are selling. This means that the properties must be similar in nature or character. For example,...