Tenants In Common Explained
1031 Exchange Properties
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Tenants In Common ExplainedA tenants in common is an investment in a single large commercial houston income property by multiple houston property investors, not as limited partners, but as individual houston property investors. Each houston property investor receives an individual deed at closing for his or her undivided percentage interest in the entire houston income property. A tenants in common exchange qualifies as a houston 1031 exchange according the internal revenue code. Completing a houston 1031 exchange with a tenants in common interest ownership in a houston income property allows houston 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 houston income property investments.If you are thinking of transferring any houston income property, contact us today for more information on 1031 tenants in common exchanges. Popular tags |
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