TIC Question · 🏠 Lower Taxes w/ Ryan

TIC Question

If a property was bought with an other investor and we are both on title 50/50, is it worth while to create a TIC (Tenancy In Common) after the fact? Currently, tax wise everything is 50/50. Is it just more for heir situations that might occur in the future that protects me to have a TIC in place? Besides having to notify the mortgage company and dealing with all the hassle, what other con am I missing?

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TIC Question