Owner Financed Duplex To Sell As TIC

I am thinking about purchasing a duplex, owner is willing to carry financing, and then finding TIC for each side and carrying a loan for each. Please, let me know if this can be done/ should be done/ how could it be done.

Comments(4)

  • cjmazur27th May, 2004

    Is there a market in that area for such a setup?

    I'm assuming you're on the pennisula. If it's SF, it's done all the time.

    Here in Santa Clara cty. I have nerver heard of people doing that.

    I'm in a duplex deal right now. I even tried to do a "PD" or townhouse overlay. That didn't fly.

  • agabovich27th May, 2004

    czmazur,

    To answer your question, I don't know, that is why I am asking a question. Also, what is "PD" and townhouse overlay?

  • MIKEinORLEANS27th May, 2004

    Well, since you asked what the PD is... maybe you could clarify what the TIC is?

    (Not being sarcastic, I really have no idea...)

    -M

  • agabovich27th May, 2004

    TIC means Tenants in Common

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