What purchase amounts are normally required for Tenants In Common ownership?
Revenue Procedure 2002-22 issued by the IRS allows up to 35 Tenants In Common owners in any one property. Minimum purchase requirements are structured to meet this limitation and can range as low as $150,000 equity. The typical entrance in whole commercial building begins at $1 million, but through Tenants In Common ownership, the average person is able to enjoy ownership in an institutional-type property with a minimum purchase. Besides reliable income and growth potential, these properties enjoy the economies of scale which is not commonly available to the individual landlord. ::back to top 3. What happens if I fail to close on my 1031 exchange? You will have to pay your capital gains taxes. Failure to close on 1031 exchanges is the top reason why people pay capital gains. By identifying a Tenants In Common property, you can reduce your potential tax risk, and avoid a failed closing. ::back to top 4. Is there any liability exposure associated with Tenants In Common ownership? The mor
