Tenant In Common Explained
A 1031 exchange permits
1031 tenant in common property property investors to sell an
investment property and defer tax payments by reinvesting the proceeds into a like-kind
1031 tenant in common property or investment properties. A tenants in common is a form of ownership that permits participants to enjoy the rewards of
investment property ownership without participating in the ongoing management of an investment property. A
tenant in common exchange yields an inherent interest in
investment property and offers several benefits as a qualified 1031 exchange. Completing a 1031 exchange with a
tenant in common interest ownership in an
investment property allows property investors not only to defer their capital gains taxes, but also to use all of the proceeds from their sale to leverage into more valuable
investment property investments.
If you are thinking of transferring any investment property, contact us today for more information on 1031
tenant in common exchanges.