Why Consider a TIC Investment?
Robert G. Hetsler, Jr. J.D. CPA
Inspirational Leader, Spiritual Warrior, Life & Business Strategist, Author, Entrepreneur Talks about #Overcoming Adversity, #Leadership through Inspiration, #Belief System, #Success #Importance of Progress
Many of my clients are individual investors, buying and selling real estate to grow their investment portfolios. One common question I hear from these clients is “how do I grow my investments faster?” They are concerned that the amount they have to invest on their own is simply not enough to achieve the long-term growth they desire.
One option I often suggest is fractional or co-ownership in the form of a Tenancy In Common (TIC). Quite simply, this type of joint ownership allows an individual investor to acquire a larger and hopefully more profitable real estate asset than what they could have purchased with only their own resources.
This type of investment ownership also gives the investor a better grade of investment property and allows an investor to better diversify his or her real estate investment portfolio through involvement with multiple TICs.
One added benefit which allows for tax deferral on an ongoing basis, is the availability of utilizing a 1031 exchange with your TIC ownership when it’s time to trade properties. The tax deferral available gives you even more leverage for future purchases.
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If you are looking for a different way to invest, with consistent returns and reduced responsibilities, perhaps a self-storage #TIC investment is for you. Please visit out our website to learn more about these unique real estate investment opportunities.