Existing Property Program
Definition - What does Existing Property Program mean?
Existing Property Program is a type of real estate DPP that purchases existing property for the established rental income.
Testopedia explains Existing Property Program
Investors may wish to invest in an existing property program to receive the rental income generated by the rental income from the property. As the tenants pay rent on their units the payments may be distributed to the partners in the program. This type of real estate DPP is one of the safer real estate DPP investments.