All Forum Posts by: Rocco Swinney

hi all

I have an investment property under contract. It all has been going smoothly, but to make a long story short. Its starting to go south. I spent about 1.5k between dd, etc.

My question is If i terminate i believe i can writeoff the loss?

I have a few rentals that all are in my name and not in an llc, but this property is under contract as an investment (not primary or secondary)

Appreciate the help, as ive terminated on primary residences, but havent on an investment before

If this bill passes. Does it last only 12 months and then expires? Or this 12 month no tenant pay lasts forever with no expiration? ex. a tenant moves in 2 years after this bill is passed. They dont pay rent. Would this 12 month evict restriction still apply or it expired and things are normal again?

this is what i have been asking too. does this bill expire after 12 months or does it last forever? in terms of the tenant not getting evicted for 12 months?

does this bill expire after 12 months from being put into place or does this 12 month no pay tenant rule last forever?

does this bill expire after 12 months from being put into place or does this 12 month no pay tenant rule last forever?

Sorry, but im not clear on one part.

Is it saying the tenant does not have to pay for 12 months on the day this bill is put into place (if, it would pass) and then ends... ex. say 7/1/2020. So after 7/2/21.... this bill no longer applies anymore?

Or is it saying once this bill is put into place (if, it would pass).... ex. say 7/1/2020. If i new tenant moves in on say 8/1/2021... they dont have to pay for 12 months? So this bill is put into place with no expiration?

My understanding is you can use gift money as a down payment on a primary residence, but you cannot for investments.

From reading on here though (unless im reading it incorrectly) - i have heard folks who essentially borrower the down payment on investments properties, but im not sure how one does it? Or maybe that is more when its hard money?

I appreciate the responses and help

ok, thanks! you are referring to hard money lenders?