Tenant In Common Explained
1031 Exchange Properties
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A tenant in common exchange is a type of 1031 exchange and serves as an alternative to sole ownership of commercial real estate. It is an investment in a single large commercial commercial real estate by multiple [! =include11!].The theory behind internal revenue code is to allow the real estate investor to reinvest the sale proceeds into another commercial real estate, foregoing any economic gains that may have been realized from the sale. A qualified 1031 advisor can help explain your options with investing in a tenant in common. |
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