Tenants in Common FAQs

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Property Information

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Is your property for sale:

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If yes, what is the asking price:

Existing debt on your property:

If yes, estimated closing date:

Questions and Comments:

Q. What investment amounts are ordinarily required for TIC?
A. The minimum cash investment ranges from about $100,000 to $500,000. Although it's possible to own TIC without debt, most investors need debt to achieve full deferral of taxes; therefore most investments provide for 50-70% of the investment to be assumption of debt.

Q. What liability exposure is associated with a TIC property investment?
A. In most cases loans on the property are non-recourse (i.e. not personally guaranteed) so TIC owners are not liable personally; the lenders have recourse only against the property in the event of default. Some investors use a single owner LLC to limit liability exposure.

Q. Are TIC investments for accredited investors only?
A. In most cases TIC investments are offered only to accredited investors which are those who have a minimum net worth of $1 million or annual income of $200,000; however, we can assist non-accredited TIC investors as well.

Q. How long is the holding period for the most TIC investments?
A. Most planned holding periods are from 4-8 years. Investors are informed of the planned holding period prior to the investment. However, changes in market conditions could accelerate or defer the planned sale date.

Q. Can I sell my TIC ownership?
A. As long as the lender permits your transfer of ownership there is ordinarily no prohibition against selling your TIC real estate ownership to the public in the same manner as any other real estate. That said, there is no official secondary market (e.g. like an exchange) for TIC's.

Q. What happens to my ownership in the event of my death?
A. Your ownership interest will pass to your heirs pursuant to your Will just like any other asset. They will also receive a "stepped up" tax basis (to fair market value). The income taxes which were deferred because of your 1031 exchange are forgiven forever.

SECURITIES OFFERED THROUGH Concorde Investment Services, LLC, a member of FINRA/SIPC. 1031TaxSavings.com and its parent company Capstone Financial Services, LLC are independent and not affiliates of Concorde Investment Services, LLC.

OSJ: 1120 E. Long Lake Road, Ste. 250, Troy, MI 48085 - 248.824.6710
This site has been prepared for informational purposes only and does not constitute an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular investment strategy. Such offers may only be made by written prospectus and only in a jurisdiction where the security is duly registered or exempt from registration therein. The information contained herein was current as of publication but is subject to change without notice. The information contained herein was obtained from sources believed to be reliable; however, we make no guarantee regarding its accuracy or completeness. Furthermore, due consideration should be given to risks associated with real estate ownership such as market, interest rate, and default risks.