A real estate limited partnership (RELP) is a limited partnership entity organized to invest in real estate. A RELP is typically organized with an experienced property manager or real estate development firm serving as the general partner. Outside investors are sought to provide financing for the real estate project in exchange for a share of ownership as limited partners.
As an investor in a Limited Partnership you receive protection of your personal assets from lawsuits, flexible estate planning, avoid double taxation, Ownership Transfer is less expensive, expands your Investor Network, Provides a 'second set of eyes' from each investor partner, is truly passive income, provides less responsibility, no liability for any Partnership obligations, receive the appropriate share of partnership profits, assets of a limited partnership are protected from litigation if you are sued as an individual, enjoys the advantage of "Pass-Through" Tax Treatment for income/expense/depreciation and other benefits.
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