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 […]
Cabot Tenants in Common Fraud Case Ends with Default
The name Carlton Cabot has become synonymous with fraudulent tenants in common investments. In his heyday, Carlton Cabot and his investment company, Cabot Investment Properties, boasted over $2 billion dollars of high quality real estate investments. Just a few years later, most have failed or are worth far less than what investors paid. These projects […]
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 […]