DEAR BOB: What is your opinion of TIC (tenancy-in-common) investments? Are they a good deal? I currently own a rental property worth about $1 million, with $800,000 in equity. My current net cash flow is about $11,000 per month. From what I have learned, a TIC "promises" increased cash flow and equity in grade A buildings. Do you recommend TICs or an independent Internal Revenue Code 1031 tax-deferred exchange into a larger building to increase my cash flow? --John D. DEAR JOHN: If you make an Internal Revenue Code 1031 tax-deferred exchange into a TIC (tenancy-in-common) share of a large income property, such as an office building or a shopping center, you are at the mercy of the TIC syndicator and property manager who may be very good or very bad. Purchase Bob Bruss reports ...
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