Ready to Stop Renting and Start Owning in LA? Consider TIC Ownership.
If you’ve been renting in Los Angeles, watching home prices soar while feeling stuck in your neighborhood, there’s a better way to enter the world of homeownership. Meet Tenants in Common (TIC) ownership, a forward-thinking, affordable solution that bridges the gap between renting and owning.
TICs are not just a workaround. they’re a revolution in property ownership. Typically 15-20% cheaper than condos, TIC units allow you to purchase a stylish, updated home without the hefty HOA dues or the sterile feel of traditional condos. Instead, you’ll join a like-minded community of homeowners who share common utilities and upkeep, but still enjoy complete independence within your own unit.
What’s a TIC?
Think of it as a smarter alternative to a condo. While TICs sound and feel similar to condos, they offer better affordability and flexibility. Each owner secures their own fractional loan, thanks to a few pioneering lenders, making the process straightforward and sustainable. A thoughtfully crafted “Tenants in Common Agreement” (TICA) outlines shared responsibilities while granting you the freedom to personalize your space as you see fit.
How TICs Are Changing the Game in LA
The TIC movement has been thriving in San Francisco for decades, where a third of condo inventory consists of TICs. It’s now gaining momentum in Los Angeles, thanks to early adopters and lenders making fractional loans accessible. Instead of one investor owning multiple units and monopolizing equity, TIC ownership spreads that equity among individual buyers, empowering renters to become homeowners and build wealth for the future.
Why TICs Work for First-Time Buyers
TICs are a game-changer for renters and first-time buyers looking to make the leap into homeownership. With entry-level pricing and down payments as low as 15%, they offer the chance to own without straying far from your current rent budget. Each mortgage payment builds equity and contributes to long-term financial security. Down the road, owners can choose to sell their unit, passing the opportunity of ownership to the next buyer, or re-enter the rental market as a landlord.
For Buyers, Developers, and Investors
We specialize in helping buyers navigate the unique benefits of TIC ownership while also working with developers to convert buildings into TIC communities. From planning and renovations to securing financing, we manage every step of the process, ensuring each TIC property is market-ready and irresistible to today’s buyers.
Why Wait? Let’s Explore Your TIC Options.
Whether you’re tired of renting, looking for a way to afford a home in LA, or exploring investment opportunities, TIC ownership offers a practical, community-driven solution. Reach out today for a free consultation, and let’s discuss how TICs can help you achieve your homeownership or investment goals.
Feel free to contact us through the form below — or, if you prefer, please email or call us at (310) 905-2775