I have a self check-in listing on Peerspace. I've collect their photo ID, contact information, and I've been asking all guest to obtain COI from all confirmed bookings prior to their arrival. However, Peerspace has $1...

@Tom Chen is pretty much correct in explaining how it works and how your investment is protected.

The 70% LTV and 3% origination cost you mentioned are typical, but they can definitely vary depending on the lender and the specific deal.Regarding the LLC or Trust, you're right, it's a good idea to explore those options for asset protection and potential tax benefits.

If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you

Make sure you don't get into consumer debt again after paying things off

Investment mortgages, like DSCR loans for investment properties, typically come with prepayment penalties (PPP) to protect against prepayment risk and the keep portfolio CPR in line.

Ask for them to remove the tree.Fifth, see if you can apply to get a protective order from a court to maintain the property. 

., but also fortunate that your borrower didn’t contest your business-purpose loan as being for a consumer purpose.

As a Baselane user and fellow landlord, I really want to understand how this went down and what I can do to protect myself.

Most of his coaching is for consumers who have credit card debt and other behavioral finance needs so I support a lot of it.