Every Friday afternoon this month we start an open thread with an expert (think real estate agents and architects) for you, the readers, to ask questions and get answers. We’ll do it again this Friday, but in the meantime check out the best questions and answers from Friday’s [March 22, 2013] thread featuring realtor/attorney Kevin Ho of Vanguard Properties.
Q: Could you list the general risks/concerns of buying in a TIC vs. buying a condo?
A: The TIC vs. Condo debate can be a heated one especially here in the City because of the implications of the interplay between owner rights and tenant rights. Generally, buying a TIC means your neighbors are more akin to your business partners than just being your neighbors. Setting that all aside, here’s a very quick pros vs. cons list.