What Are the Pros and Cons of Buying a TIC Unit for a Primary Residence?

[Matt Wells]

I'm thinking of buying a tenancy in common unit as a primary residence. I may lease it out after a few years if it's allowed. I know TIC units are harder to get loans for, which makes them harder to sell and could impact the price. I've also heard it's tough to get a HELOC on them. If anyone has any experience living or investing in a TIC, please share the pros and cons and your experience. Any advice is appreciated.