Congrats to my buyer for closing on this awesome TIC deal!
TIC stands for tenants in common.
Basically you can take a multifamily property, and sell them as separate units. It just requires a different way of looking at traditional homeownership!
You can also hold title as tenants in common on single-family but it makes the most sense to buy multiunit a as TIC.
This buyer was so awesome; she knew about TICs and knew exactly what she wanted.
We had a very interesting escrow with lots of additional paperwork and having to close concurrently with the other unit.
She was a champ and totally willing to help problem-solve and get everything to the finish line as a team.
Congrats on your new home!!!
SOLD!
459 S Lorena
Sammy Lyon
REALTOR®️
DRE #02113227
www.buyahouseinLA.com
#buyahouseinLA #realestate #realtor #realtorsofinstagram #homebuying #equity #losangeles #losangelesrealestate #realestateagent #FIRE #financialfreedom #investing #TIC #tenantsincommon #housing #duplex #HGTV #househunters #househack #househacking #LA
Dow Capital
Office Lic. #01081741