WHAT HAPPENS ? COULDN'T FIND A CLEAR ANSWER ONLINE

[Carl Seide]

Hey if you're reading this I would like to thank you and say I appreciate you taking the time to help. I am Carl and I'm new into the REI world. With that being said I was wondering if I did the BRRRR strategy and went through a crisis such as CO 19 and couldn't make my payments. What would happen to my assets? Let's say if I had money in the bank, cars, funds in a IRA, and insurance but still couldn't afford the accumulated debt what would happen ? What would be protected ? Would my insurance be protected ? What if I had property debt free on trust/LLC ?

[Russell Brazil]

The lender would foreclose on the property.  If the foreclosural sale does not cover the costs to the lender, they may or may not pursue additional damages.