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What purchase amounts are ordinarily required for Tenants In Common ownership?

April 26, 2017amounts common ordinarily ownership purchase tenants

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What purchase amounts are ordinarily required for Tenants In Common ownership?

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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 are able to attract tenants with greater financial strength and stability than possible for the individual landlord.