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Important Information on TIC: Forwarding the Subscription Packet

Jul 17, 2008
Anyone interested in learning about TIC investments should become educated on the matter of the TIC: forwarding the subscription packet. There are a few different things that any potential investor should be aware of before going through with a TIC: forwarding the subscription packet, and which will be discussed in detail here.

TICs Are Securities

One of the most important things to recognize about TIC investments is that they are securities. Since they are sold through private placement offerings as securities, only registered securities representatives can sell them.

Currently, TICs are brokered as both a securities transaction and as a real estate transaction. This means that you as an investor are offered even more flexibility and versatility.

TIC: Forwarding the Subscription Packet

The process of TIC: forwarding the subscription packet is very important because this is the process of you forwarding the necessary information on to the right people and getting the property that you are interested in.

Keep in mind that the number of parties involved in a normal TIC transaction will often confuse the real estate investor because the structure of these investment offerings means that additional parties need to be involved for securities and income tax law purposes. Therefore the more partners involved, the more complicated it gets.

The closing agent will need to be involved with the TIC: forwarding the subscription packet, and they are generally responsible for preparing any escrow or closing instructions. They will need to take care and forward any necessary documents and deeds in accordance with ordering payoff demands on existing loans, notes, reviewing the documents received in the escrow, and with the terms of sale.

There is also a qualified intermediary or accommodator who will need to be involved here if you choose to structure a tax-deferred like-kind exchange. This will be the person who will draft all of the legal documents that are necessary to properly structure your investment, and also who will assist you through your TIC exchange process.

The broker, who is also sometimes involved, is the person who is a representative of the broker dealer. This person is the one who is responsible for doing the due diligence on an offering with any prospective investor that is interested in buying into the particular property. The broker should sit down with you, the investor, and discuss with you all your options, and go through the entire PPM document to make sure that you are clear on everything before entering into any agreements.
About the Author
Gary K. Landry is the CEO of TIC Advisors, Inc. If you are looking for the most complete information on a 1031 exchange or TIC property ownership then you should visit one of the TIC Advisors, Inc. websites which is at http://www.tic.com and http://www.ticadvisors.com.
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