What are the advantages of Undivided Tenants in Common Interest Ownership?
It is often challenging in the short 45-day time frame to locate a property that has the right purchase price, debt ratio, and closing schedule to meet your 1031 exchange requirements. Add in securing any financing that may be necessary, and it is clear that a Tenants in Common ownership interest has several advantages, such as: • Flexible size, able to match your needs; • Pre-arranged, non-recourse financing; • No management hassles; • Potential for increased after-tax cash flow; • Economies of sale; • Can be identified and closed in a timely manner; • Investment can often be diversified into more than one property; and • Institutional-grade property.
