The cost of investing in a TIC (Tenants in Common) property can vary widely depending on several factors such as the location, size of the property, and the number of investors involved in the transaction.
In general, the minimum investment for a TIC property can range from around $50,000 to $100,000. However, some TIC investments may require a much higher minimum investment, such as $500,000 or even $1 million.
In addition to the minimum investment, investors may also need to pay additional costs such as legal and administrative fees, property taxes, and ongoing maintenance costs. It’s important to carefully review the investment offering and associated costs before making any investment decisions.
It’s also worth noting that TIC investments typically involve a group of investors pooling their money together to purchase a property, with each investor owning a percentage of the property. As a result, TIC investments can be a way to invest in real estate with a lower initial investment amount, but they also involve sharing ownership and decision-making with other investors.