knucklehead 61
Recycles dryer sheets
- Joined
- Nov 3, 2008
- Messages
- 169
so i sold a house & did a 1031 exchange into a T.I.C. property, (a 682 unit apartment complex) with all the equity from the sale ($360k). i get 7.5% return ($27k / yr = $2,250 / mo) direct deposited into my account. after 8 to 10 years the property will sell & i will get back my pro-rated amount ($360k + 8-10 years of appreciation. i plan to roll it into another 1031 & not pay any capitol gains taxes).
so my question is should i sell my other rental (approx. 250k in equity)?
i have yet to find the "bad" part of the T.I.C. investment deal.
right now i am kicking myself for not selling my taxable accounts & buying another T.I.C. as well. it is the only investment that i own that is not diving in value.
anyone else here have experience in owning a professionally managed, institutional grade T.I.C. property?
so my question is should i sell my other rental (approx. 250k in equity)?
i have yet to find the "bad" part of the T.I.C. investment deal.
right now i am kicking myself for not selling my taxable accounts & buying another T.I.C. as well. it is the only investment that i own that is not diving in value.
anyone else here have experience in owning a professionally managed, institutional grade T.I.C. property?