This Week’s Show: August 27th: What’s a TIC?? Hint-not a bug!
August 26th, 2006 . by Mike KellyA TIC is the abbreviation for “Tenants In Common”. This is a way to hold an investment property with many other investors. The IRS recently allowed investors to “exchange” into a TIC. Your position is one of many investors, at different levels of equity ownership, who own a larger property than they could afford by individually investing. We will be discussing with Brad Hensley..,
of Vesta Strategies some of the issues below:
· How do I exchange into a TIC
· What is a TIC investment? .
· How does the IRS regard exchanging into this type of investment product
· Advantages/Disadvantages
· Liquidity—holding period set?
· Amount of buy in?
· How does one buy when under the gun to identify in 45 days after acceptance of offer?
· Returns—I know we can’t guarantee but a range would be fine.
· Where are the properties located? What do they consist of? Large Garden Apartment complexes, medical office, Malls, Strip Centers?
Here are Vesta Strategies websites to consider www.vestastrategies.com This gives information on our 1031 Exchange Services.
www.e-realestate.com This is more of a bulletin board of theirReal Estate Services, geared to the Investment Property Owner.1-877-NNN-TIC-1 Although the content of this line is currently being updated, and will definitely be ready to access in the next few days, it is an informational hotline, with the focus on Triple Net, as well as Tenancy in Common properties
Bradley A. Hensley Vesta Strategies,LLC 1-888-212-1031
Also on the show will be Keller Williams superstar, Sol Lara. Sol specializes in the Latino market and will be giving her insights into this “shifting” marketplace and how the latino market makes up a large portion of the new, first time homebuyer, market. Her contact information is:
707-206-4577, 707-479-6778 or email: sollara@sbcglobal.net
Here are her thoughts, “Customer Services is my main focus and what has worked for all my past clients to provide a service of excellence. My clients appreciate my calls after our deal is closed and they feel safe to know I will always be at their service.
I have helped a lot of latinos achieve their American Dream by empowering them with the purchase of their home, sale of a home to purchase a bigger and better one and to help them with their investment properties.
If you know someone who will benefit with the kind of service I provide and is thinking about buying or selling a home, I would love your referrals.
I Specialize in helping sellers and buyers with their needs in the beautiful area of Sonoma County.
Me encanta trabajar para mi gente latina en el condado de Sonoma. Ya sea que estes buscando comprar o vender una propiedad en esta area, hablame y con gusto te atendere como te mereces, con un servicio de calidad que te dejara buen saber de boca.”
Sol Lara
Keller Williams
707 206 4577All this plus your call in questions on our hotline of: 707-636-1350. Hope to hear from you and place a post!!
