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A&B form a partnership with A being the limited partner ( LP ) who will invest $ 1 5 0 , 0 0 0 and
A&B form a partnership with A being the limited partner LPwho will invest $ and B being the general partner GP The group finds a property for $ and takes a mortgage for $ interest only at They agree to a split on the profits and distributions while the property is owned by the group.
Assume the following:
Gross Income $
LESS VACANCY $
LESS OPERATING EXPENSES $
What is the capital account of investor A the LP
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