What is TIC (Tenants-in-Common) Ownership and Why Should You Consider It?

TIC ownership is a form of real estate investment in which two or more people have a fractional interest in an asset. Ownership shares are not necessarily equal, and ownership interests can be sold or inherited. Each owner receives an individual deed for his or her undivided percentage interest in the entire property. You, as...

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In a San Diego 1031 Exchange, What is “Like Kind” Property?

When exchanges were first introduced, they were actual exchanges between two parties who held very similar assets. If you had a two story brick apartment building you had to exchange it for another two story brick apartment building. If your building was in San Diego, you could exchange for a building in another city, but it...

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History of the 1031 Exchange

The first income tax law was enacted in 1918 – and it appears that it didn’t take long for politicians to begin adding loopholes to ease the tax burden for themselves and/or their cronies. The exchange exemption was added to the tax code in 1921, under Section 202. It stated that there would be no gain or loss on...

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A San Diego 1031 Exchange is Not a Do-it-Yourself Project

The information we’ve provided here is an over-view of a complex transaction that should only be undertaken with the aid of qualified advisors. You’ll need a well-oiled team of San Diego professionals to assure your success: A San Diego real estate agent who is familiar with the rules and regulations and who will...

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In a San Diego 1031 Exchange, what does the word “exchange” really mean?

Most of us think of an exchange as a trade between two parties. School kids exchange an apple for an orange at lunch, new acquaintances exchange business cards, or a shopper returns an item to a store in exchange for a different item. All of these exchanges involve another person or entity. And when exchanges were first...

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