Each co-owner receives an individual deed at closing for his or her undivided percentage interest in the entire property.
Although the TIC ownership form has been used for many years, its popularity has recently started increasing dramatically due to IRS ruling.
The following sequence represents the order of steps in a typical 1031 exchange.
It is a hybrid of the common installment sale and a structured annuity, and it enables the seller to collect a stream of payments, leverage equity, earn a pre-tax return, and other benefits.
This method is a tool for those who want to do a 1031 exchange but cannot find a property within the time frame, and it allows the seller to have a backup plan.