A. By the time a tenants-in-common investment opportunity reaches you, it has been though multiple levels of due diligence. First, out of the 50-60 national real estate providers that specialize in tenants-in-common, Berthel Fisher and Company (the Licensed Broker/Dealer with which Concorde Exchange Group is affiliated) has selected only the providers with the most experience, best track records, and most highly-qualified management. Second, each aforementioned real estate provider has an acquisitions team that thoroughly underwrites each transaction. These providers have literally hundreds of properties to choose from for each property that is purchased, so there is a great deal of choice and opportunity to select the best possible opportunity for the buyer. Third, the lender financing the purchase of the tenants-in-common conducts a separate underwriting of both the property and the real estate provider involved before granting its loan approval. Fourth, Berthel Fisher and Company conducts a thorough due diligence process for each investment property. Concorde Exchange Group, as well, comes to its own conclusions about the strongest investment opportunities available among its approved real estate providers.

A. Owners receive current monthly cash flow, generally starting at 7-8% per annum, increasing annually. In addition, because exchangers take on a new depreciation schedule, cash distributions are 50-100% tax sheltered. When factoring in appreciation and principal reduction, total annual projected returns generally range from 14-18%.

A. Minimum investments are determined by the total amount of equity being raised for an investment and the number of investors the lender allows. Minimum investments start as low as $100,000 and can reach as high as $1,700,000. Typically, however, tenants-in-common minimum investments tend to range from $250,000 to $400,000.

A. tenants-in-common investments limit an investor's exposure in two ways. First, investors own their investment through a single member LLC, which limits their liability to the equity they have invested. Second, properties with financing have non-recourse (no personal guarantee) debt that limits their lender liability.

A. Prospective owners will be informed of an investment's projected holding period prior to the sale, but that holding period could change depending on market conditions. Most tenants-in-common investments have a 4 to 7 year business plan.

A. Most real estate providers' programs do require that an investor be accredited. Accreditation requires either a minimum net worth of $1,000,000, or annual income in the amount of $200,000 for a single person ($300,000 combined annual income for husband and wife).

A. While securities regulations limit the number of investors to a maximum of 35 per offering, lender restrictions typically limit the maximum number of investors per property to 10 or less.

A. Any owner who wishes to sell must first offer to sell his or her interest to other owners of the property. If other owners decline to buy, then the ownership interest can be offered for sale to the public in the same way that any other investment real estate would be.

A. tenants-in-common ownership is typically a much safer, more protected form of investment than is a Limited Partnership. In tenants-in-common ownership, for example, each of the co-owners actually holds title to the property, and so has both many more legal rights and more control over key decisions than would a Limited Partner. Owners of Limited Partnerships, for instance, have no control over decisions such as who manages the property or when a property might sell. Co-owners of a tenants-in-common property, on the other hand, retain certain voting rights that include hiring of a property manager and determining the sale or disposition of the property.

A. If you die, your heirs receive a "stepped-up basis" for tax purposes. This means that they inherit the ownership interest at its fair market value, and all the income taxes that were deferred from your Exchange transaction are forgiven. Like any other property, your ownership interest would pass in accordance with your Last Will and Testament.