Tenants In Common Explained
1031 Exchange Properties
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Tenants In Common ExplainedA tenants in common is an investment in a single large commercial rental property by multiple property owners, not as limited partners, but as individual property owners. Each property owner receives an individual deed at closing for his or her undivided percentage interest in the entire rental property. A tenants in common exchange qualifies as a starker 1031 exchange according the internal revenue code. Internal Revenue Code allows for the reinvestment of proceeds into any like kind rental property or rental properties. Tenants In Common exchanges forgo any economic gains taxes that may have been realized from such a sale. A qualified starker 1031 advisor can help explain your options with investing in a tenants in common.If you have recently sold, or are thinking of selling current investment rental property, we can assist in matching you with a qualified starker 1031 advisor. Contact us today for a free consultation. Popular tags |
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