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Tenants In Common Explained


A 1031 property exchange permits 1031 property property investors to sell an income property and defer tax payments by reinvesting the proceeds into a like-kind 1031 property or income properties. A tenants in common is a form of ownership that permits participants to enjoy the rewards of income property ownership without participating in the ongoing management of an income property. A tenants in common exchange yields an inherent interest in income property and offers several benefits as a qualified 1031 property exchange. Irs Section 1031 allows for the reinvestment of proceeds into any like kind income property or income properties. Tenants In Common exchanges forgo any economic gains taxes that may have been realized from such a sale. A qualified 1031 property broker can help explain your options with investing in a tenants in common.

If you have recently sold, or are thinking of selling current investment income property, we can assist in matching you with a qualified 1031 property broker. Contact us today for a free consultation.