Tuesday, September 11, 2007
TIC units in San Jose?
Yes, the trend is more quickly seeping out of San Francisco. Tenant in Common divisions of duplexes, fourplexes and apartment buildings is becoming more accepted in the Peninsula and the South Bay. The impressive Andy Sirkin is speaking this Wednesday Sept. 19th to a Silicon Valley audience of buyers interested in dividing fourplexes to live in. With a little down payment and a good credit score, people can get into a unit for nearly $250,000 or less in pricey San Jose. There are limitations to this TIC arrangement, although they will wane as the market accepts it more. I'll be listening to Andy Sirkin tomorrow in San Mateo as he speaks on his specialty of writing legal documents governing the TICs