WHAT DOES A TIC INVESTOR LOOK LIKE?
The typical Tenant-in-Common investor is approaching retirement and is looking for ways to produce income from his/her real estate holdings without the personal responsibilities of managing properties directly. TIC is considered a "passive" approach to investing. Because TIC offerings are often packaged with management and financing in place, TICs may offer a more simplified solution for the 1031 investor searching for replacement property.
Due the nature of these investments, regulations require that Tenant-in-Common investors are both experienced and accredited. A person is considered accredited if they have a net worth of one million dollars (including their home and personal possessions) or an annual income of $200,000 (single) or $300,000 (joint filing).
What does a TIC investor look like?
Why Tenant-in-Common and advantages?