Limited Partner


Definition of "Limited partner"

Ginger Childs
Ginger Childs RE/MAX ACHIEVERS

Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. A limited partner is prohibited from taking active part in the management of the partnership. Limited partnership may in some cases provide tax benefits.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Tax Shelter

Investments, usually in limited partnership, that can protect of defer shelter) part of the income from current taxes. Under current law, passive leas ...

Venture Capital

Financing source for new real estate business or turnaround ventures that usually combine much risk with potential for high return. There are various ...

Syndicate

A group of investment bankers underwriting and distributing a new or outstanding issue of securities of a real estate business. a professionally ma ...

Partnership

Form of real estate organization created by an agreement between two or more individuals who contribute capital and/or their services. Advantages are: ...

General Partner

Managing partner of a limited partnership who is in charge of its operations. A general partner has unlimited liability. Member of a partnership ...

Unincorporated Group

Association of people not treated as a corporation. Examples are a limited partnership and a group of cooperative owners. ...

Popular Real Estate FAQ

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Top Things to Budget for When Rehabbing a Flip House 7 Things to Consider Before Moving to a New City Seller’s Agent vs. Buyer’s Agent: the age-old question LISTINGS 101: What You Need To Know When You Hire a Real Estate Agent or a Broker When to Dispute Your Home Appraisal

FAQ

What is Freddie Mac? What does Fannie Mae mean? What is flood insurance? What is homeowners insurance? What is a deed?