Congrats to my buyer for opening escrow on a TIC sale!!

This is a strategy that allows more than one person to purchase a property, and make it more affordable.

TIC stands for “tenants in common.”

There are multiple ways to do this strategy, but in this case the duplex is split into two units that can be sold separately.

It adds some paperwork, and logistics in sharing costs like repairs, water bills, insurance, but it also allows you to purchase in an expensive city at a lower price.

It’s been a fun process so far, and there will be many more learnings to come!

So proud of my buyer for sticking through all the details and going on this journey together!!

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

Dow Capital
Office Lic. #01081741