Are tenancy-in-common investments a ‘good deal’?

Increased cash flow a prime concern

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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 online. Check on the success record of the TIC company. Many have been in business only a few years without much of a track record. Also check on the quality of the commercial property tenants. For...