390: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
00:00
LPS in Real Estate Deals
L p stands for limited partnership. An l p owns like one % or less, and is the moter entity itself,. So it doesn't have any liability becauseyou get the l c's niety protection. L ps are good for properties, but non income in property. There's no loss in coming out of it. You're not here being bein it. It's not like your rental portfolio.
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