Advisors with clients who want to move money into real estate investments known as tenant-in-common (TICs) offerings under section 1031 of the Internal Revenue Code need to be wary.
“TICs can involve high risks and liquidity problems and in many cases brokerage firms misrepresent these risks and instead focus on the income stream that is promised [and sometimes guaranteed]by these investments,” as the White Law Group, a securities fraud litigation and FINRA arbitration investor protection firm, warns on its web site.
Last modified: December 8, 2022