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If you're looking for an investment property, and would like to minimize management responsibility, you might want to consider a Tenant-in-Common property.
What is Tenant-in-Common Real Estate?
Tenant-in-Common is a synthetic triple net lease in the sense that the investor receives a monthly check while others do the property management.
Why Invest in Tenant-in-Common (TIC) Real Estate?
One of the main reasons for investing in Tenant-in-Common real estate is the opportunity to buy commercial or institutional grade real estate. If you can't afford to buy an entire property outright, you can still reap the benefits of stable credit tenants, long-term leases and strong demographics that can provide both income and property appreciation with a Tenant-in-Common investment. In addition, you will enjoy the tax benefits of such property ownership.
Examples of TIC Real Estate
Some of the most popular Tenant-in-Common real estate includes office buildings, retail shopping centers, industrial properties, and apartment complexes. The properties are professionally managed and frequently provide a better risk-reward ratio than smaller properties.Each month investors receive income from the revenue generated by the property and are provided regular reports as to how the property is performing.
If you're looking for a source of regular income and to diversify your portfolio, Tenants-in-Common properties may provide an excellent choice. Tenant in Common properties are excellent replacement properties for those doing 1031 exchanges because all financing and due diligence are in place, assuring a high certainty to close escrow. If you're thinking about investing in TIC real estate, talk it over with your accountant and contact RE/MAX for a complete list of available properties.