A Tenants in Common fraud claim resulted in an award against a major brokerage firm earlier this month. According to records obtained from the Financial Industry Regulatory Authority (FINRA), ProEquities was hit with a $448,000 arbitration award last week after a customer complained about a failed tenant in common investment. Suzy Asad filed a complaint […]
Tenant in Common (TIC) Fraud 101 – Thousands Now Discovering The Truth
by Brian Mahany Tenant in Common (TIC for short) is a real estate investment that allows multiple parties to purchase a fractional interest in a property. TICs became very popular in 2002 after the IRS ruled that investors could defer capital gains from the sale of real estate involving an “exchange” of properties. (These are […]
It’s TIC Season And The Government Is Biting Back
by Brian Mahany We represent dozens of tenants in common – TICs – across the United States. While TICs and like kind exchanges are a legitimate way of investing in real estate, several large TIC promoters have marred the reputation of the industry. This week the government responded with several indictments against the top executives […]
Hope For Failed (Tenant In Common) TIC Investors
by Brian Mahany We have seen many failed TIC investments. For those not familiar with the term, TIC is short for Tenant In Common. This investment strategy has become quite common in recent years. TIC interests allow holders to invest in real estate without the hassle of management. Investors receive a predictable rate of return […]