Many baby boomers invested in TICs — tenant-in-common projects — between 2001 and 2007. Nearly a decade later, many of these folks are now finding themselves the victim of TIC fraud. How serious is the problem? Several shady promoters claim to have raised over a billion each. An IRS ruling in 2002 opened the door […]
TIC Awards Still Haunt Brokerage Firms
Claims for failed Tenants in Common (TIC) investments still haunt stockbrokers and investment advisers according to a story in InvestmentNews. According to the report published on Friday, arbitration awards continue to be made against broker dealers. TICs were a popular investment vehicle several years ago. An IRS ruling allowed individuals to pool their monies and […]
Sad Day For Cabot Tenants In Common Investors (TIC Post)
We represent dozens of tenants in common (TICs). Many of our clients invested with Carlton Cabot and Cabot Investment Properties. No telling where Cabot is hiding these days although its pretty common knowledge that investors, regulators and even the feds are hot on his trail. Whether or not his investors will ever be made whole […]
TIC Hall of Fame or Wall of Shame?
by Brian Mahany Recently a client sent me a list of TIC promoters. I am not sure about the list’s accuracy but we certainly recognize many of the names. TIC– short for Tenant in Common – became a popular investment vehicle for people wishing to invest in large real estate projects. A TIC is a […]
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 […]
Dispatch from Rabbit Hash, Kentucky (Carlton Cabot Fraud Post)
by Brian Mahany I am writing this post from a picnic table on the banks of the Ohio River in Rabbit Hash (Boone County), Kentucky. A few minutes ago I left the Boone County Courthouse after fighting to protect the interests of two dozen families, many of them senior citizens who have been defrauded of […]
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 […]