Direct Participation Programs. A lot like LLP's.
Missed four questions. 6, 7, 8, 12
what kind of risk is a DPP subject to...i said systemic and liquidity, which were correct, but also legislative risk is a concern. i guess because congress can change laws. that seemed like a stretch.
raw land question. i didn't realize that it cannot be depreciated.
common types of DPPS. I missed this b/c they all looked like DPPs, and I remembered reading about them all. but apparently only the single-tenant leases, shopping centers and government-assisted housing programs are. While warehouse corporations are a DPP, they are "another kind" of DPP (yes that is what the explanation says!).
in a blind-pool investment - i had this one right, in that the the GP chooses the programs investments, as well as the DPP only needs to state what type of investments it is going to make, not the specific investments. but i muddled the prospectus into the mix, and they do have to provide her with a prospectus.
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Maybe you can also share something about the series 6 exam so that for those are looking some possible tips for it can read it right through your own blog.
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