Cash our refinance or TIC loan?Three of my mom's friend have agreed to sell their share of a 4 unit property to me. Thus, I will be a 75% share holder, while my mom will retain her share and be a 25% share holder of the apartment building.My question is, what kind of loan should I obtain? TIC loan or cash out refinance?My mom can refinance the property and cash out money to pay her 3 friends. In the refinance, she would add my name to the new loan, and I would be responsible for the loan. Also, I would be added to the deed, while her three friends would be taken off the deed. Or, I can apply for a new TIC loan on my own to buy out the three friends?Which would be the better loan to take? The property is already paid off. I am told a cash out refinance keeps the same property tax, while with a new TIC loan, the property tax will base off the new purchase price? If this is true, I am leaning toward the cash out refinance option. Are there any cons to this option? Closing cost and other fee differences?Typically, which of these loans will give me a better rate? December 14 2013 - San Francisco00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.