Tuesday, August 28, 2007

San Francisco TIC "condos"

Andy Sirkin is the premier attorney to consult when structuring a Tenant In Common (TIC) investment purchase in the San Francisco Bay Area. It is definitely attractive to purchase a home in San Francisco significantly less in price than the same size condo. What are the downsides? Will you ever be able to convert to a true condo? Who oversees the overall maintenance of the building? These are significant issues that need to be answered when buying a TIC. What are the advantages besides price? I will follow up with some more research into this very viable home option soon.

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