TIC CONVERSION WORKSHOP
DATE: TUESDAY | JANUARY 23RD
TIME: @ 6-7:30pm
PLACE: THE RENTAL GIRL
4760 YORK BLVD. HIGHLAND PARK, CA 90042
*RSVP AT INFO@THERENTALGIRL.COM
Have you thought about converting an apartment building into condos? And then been discouraged by the lengthy, costly and often impossible task of doing so? You have another option! Tenants in Common (or TIC) is a brand new way to hold title in Los Angeles. With TIC ownership, you are able to sell off each unit in your building separately, without having to subdivide the parcel with the city and state. Though TIC conversions are common in other major metropolitan cities, such as San Francisco and New York, they are new to the Los Angeles market. Due to our tight inventory, and difficulty for entry level buyers to buy in to the neighborhoods of their choice, a TIC conversion is proving to be a smart move for the savvy Los Angeles investor.
Our Broker, Liz McDonald who represented the first TIC conversion on the Eastside will be leading the workshop, along with Henry T. Jeanes of Sterling Bank. Sterling Bank offers fractional loans for buyers of TIC’s, making a TIC purchase an affordable and practical option for first
time homebuyers. We will be covering all aspects of the TIC conversion process – from timeline, legality, financing, and covering the costs involved. Whether you own a building already, or are looking for ways to invest in real estate, this is a workshop you won’t want to miss.
SEE YOU THERE!