Discover The Benefits and Drawbacks Of Tenants In Common Ownership In Los Angeles!

Описание: Understanding the nuances of a tenant in common (TIC) transaction is crucial for anyone considering this form of property ownership. In our latest video, we delve into both the advantages and disadvantages to help you make an informed decision.

PROS:
*Flexibility in Ownership: Tailor the ownership shares to match each tenant's investment capacity.
*Investment Opportunities: Access to real estate markets that might be out of reach individually.
*Building Equity: Just like traditional real estate, you build equity every time you pay your mortgage. Plus appreciation.
CONS:
*Joint Responsibility: All tenants are equally responsible for property taxes, maintenance, and mortgage payments, regardless of individual ownership percentages.
*Potential for Disputes: Differences in opinion on property management or future planning can lead to conflicts.
*Limited Financing Availability: Securing financing for TIC properties can be more challenging compared to other types of real estate investments. Lenders may be less willing to offer loans for TIC transactions due to perceived higher risks associated with joint ownership and the possibility of disputes among co-owners.

Timecode
0:00 - Introduction
0:29 - What is Tenant in Common
3:54 - Benefits of TIC
4:47 - Cons of TIC
7:14 - Multi Family Home
9:11 - Contact Information

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Felipe Crook
EXP Realty DRE#02047440
Cell: 213-268-6832
https://distinguishedlahomes.com/

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