Engaged, in alot of DEBT and still investing. Whats my next move?

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@Maugno Mora I see a lot of strength in what you posted, however i also see some blind spots. My quick assessment is that you take on debt too easily and you spend too much on cars. I get it, some people are really into cars. Keep in mind however that anything other than the cheapest car you can find that meets your needs is a luxury. Luxuries are great when you can afford them. Buying luxuries on debt is stealing from your future to have a better life today. Now some of your debt is for real estate. Any debt for real estate should service itself. Monthly payments on money borrowed for rental properties should easily be covered by the monthly net cash flow after expenses. Money borrowed for short term deals should be paid off immediately upon sale of the property. The good new is your debt is not that significant in the big scheme of things. One or two Real estate deals could easily eliminate it. Good luck - Ned

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Congrats on your engagement! Hopefully the ring did not set you into further debt. And regarding your future wife wanting to push the wedding date September 2018, I think it's extremely important that the two of you have a serious talk about the wedding. You need to both be on the same page about the cost of this wedding. If she's expecting big and sparkly, you will be in more debt. Hopefully both of you understand that while a wedding is a day you'll never forget, it is just a day. Most guests won't remember most of it. So don't fall into that whole trap. You can have a very inexpensive wedding that is still tons of fun. And you don't have to invite every single member of the family or every person you know either. People will understand. I just recently had a wedding and had to cap my guests to 23 people. That gets filled up quick. A few friends even assumed they'd be invited, so while at first it felt awful/awkward to explain they weren't invited, they understood...because they are truly friends.You need to set your budget. It seems you aren't watching where you spend even though you say you're frugal. You need a write down each and every monthly bill you have...even small bills... and also an estimate for monthly unexpected incidentals. Your budget needs to also include an automatic transfer of some amount of money to a savings account....that you do not touch. Whatever leftover money you have, you need to snowball it on top of the minimum payment to your worst debt. Dave Ramsey style.

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Looks like I might be one of the few that appreciates the credit cards. That being said, I've got a plenty good amount of debt and more than 5 credit cards. The key is that I track every single week on sunday evenings the balances on each card and make payments. Secondly, I do my best to limit myself to special rate cards only that are being used while the other cards sit on the sidelines waiting to be used on a new special rate. For instance, i just made a transfer of balances from 5 cards to 2 cards. I'll be paying 2.99% until April of 2019 and paid a 3% transfer fee. Now, I'm guessing I'll get shot down with numbers like that and be told to get difference financing. Because I work on mobile homes traditional financing options aren't much of an option so the credit cards are the main go to source. As I mentioned above I have a number of cards that sit idle while only a few carry a balance at an intro rate and then I use one as a personal credit card, one as a gen. business card, and then one specific to a property at a time. Like I said, tracking is huge with all this!Like others suggest pick a direction and stick it for a good while. When I started mobile homes I forced myself that I would focus on that and only that for 6 months straight. Well it only took 2 months I believe to get my first deal and another shortly after that. I did not allow myself to get side tracked by a shiny object and instead say no to other strategies so I could focus. Only once I became comfortable and confident did I start to branch away towards other strategies.

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@Maugno Mora The first thing that pops out after reading your post is that you give up too easily. The car thing didn't work you lost money and gave up. In business there are times when you will loose but you cannot quit every time you take a loss. You have had 15 jobs. That's a lot for a 25 year old. The best thing for you to do is to get clear about which direction you want to go in RE. Consider your losses tuition. Seems like the car business appealed to you only because you saw a quick way to make money. However, if your true passion is RE investing then establish your focus there. Always perform your due diligence and research things heavily before you go throwing money into a deal.BMW's have expensive upkeep. Get rid of the cars period. Find a decent used car you can pay cash for and ride it until the wheels fall off and stack your cash. I would not suggest selling anything that is producing cash flow. If I am reading correctly what you are left with are the mobile homes and the SF with the 25k loan. Use the profits from your rents on the mobile homes to pay off your debt especially if you don't need the money to live off. You ran out of money to finish the rehab on the SF and have to make a choice on what to do before the year is up. Ummm, I probably would suggest selling it and getting rid of that loan. You never mentioned if the apartment attached to it needed work as well. Since you have started some work on it already could you increase the price and come out with a couple thousand to put towards your debt? (Something to consider)I'm going to tell you advice that I would give my younger brother. Hold off on the wedding. If 2019 fits your time frame and allows you to clear debt up and put yourself in a better financial position then wait. Is it an absolute must for there to be a wedding? Can you do something on a small scale or maybe a destination wedding on beach?It's better to start off in a marriage without the financial burden of debt TRUST me. Don't be about that life. I was 22 when I got married and we both had crazy debt and didn't turn out well for us. WAIT!!! Good job on staying frugal with spending. When I am focused on saving money aggressively, I always ask myself do I really need to buy this? Can I do without it. If the answer is no then it stays where it is. Sacrifice as much as you can. For me that meant cutting off my cable, downgrading cell phone etc. Your 20's is the best time to sacrifice and go hard towards your goals especially while you don't have a family or major responsibilities. When you reach your 30's you can start reaping the benefits. Good thing for you is that you are still young and you have a time to recover. All is not lost. Find out where you can create life hacks. Operate off of a tight budget and find your investing niche and stick to it. Best Wishes!

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@Maugno Mora Great job on being honest and putting it out there man that takes balls! I would suggest finding direction first man you seem all over the place and are always chasing the shiny penny. Really dig in and focus on one thing and be great at it. You sound very business savy and like you have a great entrepreneurial spirit so funnel that and use it to your advantage. I would suggest selling everything you have and starting clean. Figure out whether you want STR, SFR or MFR and go in. Start eliminating non necessities and focus on paying off your debt while saving to buy properties that cash flow and will eventually pay off all your debts and expenses. Good luck ad stay focused man! Use logic and focus on the numbers and take the emotions out of your decisions, it will be hard but it will really help you reach your goals.

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@Maugno Mora We all make mistakes, but step #1 is recognizing we have made a mistake. Most people go through their life complaining, you are choosing to do something! That's great. I am not a fan of Dave Ramsey's investing philosophy but am totally onboard with his tough love philosophy on getting out of debt. Trust me, it sucks especially as you feel you're swimming upstream - all the time. But you can do it. All it requires is the "rice-and-beans" diet (ala Dave Ramsey) and a single-minded focus on getting out of bad debt. If bought right, real estate debt is good debt because the investment can pay for itself. As someone who is married, the best advice I can give you is to to get your future wife on board. Your marriage will be one (if not the most) of the most important decisions of your life. Having your wife onboard will keep you on track, help you stay grounded and together you can work towards your goals. It is possible - you just have to believe in yourself and take some hard knocks before it happens. Best of luck!

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Your problem is you have no direction. You are all over the map and usually end up losing due to your poor research or planning. Without any consistency you will never get ahead. You need a target and you need to stick to it. You proposed and had a plan for 2019, your fiancé changed that plan and you are now again looking at taking on even greater debt. Just one more in a string of bad decisions."SELL IT ALL, and F*** it"....Absolutely your best option at this point in time since I believe everything you own is a bad investment. You need to clean the slate, including the upcoming wedding costs, get out of debt and start over.However since you are getting married financially you will likely go deeper and will not be able to invest till you get your married life on track many years down the road. Get rid of the debt albatross and stop making poor investment/purchase decisions.

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"2019. She says that is too long and possibly wants it September of 2018."Depending on the decision as to when the wedding will be will determine your future path. Let us see who is getting on board with whose plans.I am not a big supporter of marriage for young investors starting out for obvious reasons.

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I’d say you probably aren’t doing a good job tracking your spending or what goes on what card. Why do you have or need 5 credit cards? I have one I use regularly. Maybe use two but you don’t need 5. You say you’re cheap but you have a lot of miscellaneous debt which means you’re not tracking you’re money. Try using something like personal capital or mint to help with this

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you are engaged , congrats . It gets expensive after you say I Do " So knuckle down and pay down some debt . you wont see any savings till the credit cards are paid down .