Tenants In Common Explained
A
tenants in common exchange is a type of
1031 tax deferred exchange and serves as an alternative to sole ownership of rental property. It is an investment in a single large commercial
rental property by multiple [! =include11!].Many property owners leverage their new
rental property deals with existing like kind
rental property investments by entering into a
tenants in common exchange. Classified by the IRS as a 1031 tax deferred exchange, tenants in common’s help property owners 1) consolidate their investments, 2) continue amounting wealth through diversified investment, and 3) defer any capital gains on the sale of any rental property.
If you are considering selling, we can match you with a qualified
1031 tax deferred tax deferred realtor that can help you explore your
1031 tax deferred exchange options.