With the demand of prime properties worldwide, real estate communities are boasting of profits and capital gains when it comes to their acquired real estate. But despite the knowledge of these investors in the business, there is a way to consolidate as many properties as they can to maximize their profits.
Tenancy in Common or TIC allows the real estate community to share an ownership of a certain property with two or more people. The individual’s share may depend on how much they invested on the property upon its acquisition, as stipulated in the deed, will or title for the joint venture.
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