Tenancy In Common Explained

Tenancy In Common Explained

A 1031 exchange permits investment real estate owners to sell a rental real estate and defer tax payments by reinvesting the proceeds into a like-kind investment rental real estate or rental real estate. 1031 tenancy in common exchanges are a form of just such a like kind investment. tenancy in common ownership is an investment in which two or more persons have a fractional interest in an asset. A tenancy in common real estate owner has the same rights and benefits as a single real estate owner of rental real estate. Completing a 1031 exchange with a tenancy in common interest ownership in a rental real estate allows real estate owners not only to defer their capital gains taxes, but also to use all of the proceeds from their sale to leverage into more valuable rental real estate investments.

If you are thinking of transferring any rental real estate, contact us today for more information on 1031 tenancy in common exchanges.