Tenants In Common Explained

1031 tenants in common exchanges are a form of rental property asset ownership in which two or more persons have an undivided, fractional interest in the asset. Each co-property investor receives an individual deed at closing for his or her undivided percentage interest in the investment. tenants in common exchanges qualify as a type of section 1031 exchange and thus offer several benefits to the property investor, including deferred capital gains taxes on all like kind investment exchanges. Section 1031 Exchanges are typical rental property investments that involve the same exact ingredients as any other sale or purchase, without the capital gains. A tenants in common property investor is increasing his or her selling and buying power by electing to reinvest any gains into a like kind rental property or rental properties. No other aspects of the transaction are affected.

Contact us if you are interested in retaining the wealth of your rental property investment and we will match you with a qualified section 1031 realtor in your area.