@Maugno M., You need a detailed plan of action. You have a lot of good things going for you, which is an asset. You are in a much better position to help yourself than racking up debt with no means to dig your way out. It goes without saying that you need a more focused plan on your spending in general. I am rather new to the real estate world, but the nature of my work brings in many that have a hard time understanding savings goals, budgeting, paying down debt, and positioning themselves better as far as their finances; which has given me experience helping them reach their goals. As far as a plan of action, your first step would be to rid yourself of every credit card for the time being. This will forcefully remove them as a spending option. I would then call my school loan provider and see if there are deferment or lower payment options accessible to you during this plan of action. Your next step is to asses what debt has the highest interest rate; which would be your credit card debt and normally the loan that you pay down first, but in this case I would pay down your home loan first, which I will explain why. You want to keep your mobile units which are making you money, and part with assets that incur expenses (vehicles for example). Unfortunately, unless you plan to pay off all of your debt with your income alone, you must part with some of your assets. I know it doesn't feel good to have to, but remember in business we must make calculated decisions free of emotion. I would suggest selling the home in which your vehicles are leveraged in. I'm not sure of the value but if you do incur profit, I would immediately pay that on your credit card debt. I would then sell one of your vehicles (whichever is worth more), and pay that down on your credit debt. If there is a remaining balance on your credit card I would use savings from your job, or net profits from your rentals to finish paying it down. Once you are rid of the personal loan, and your credit card debt, you now have cut your debt in half, own 2 rentals, a vehicle, and only have your school debt left. I would then call your school loan provider once again, end your deferment/lesser payments and set up a higher payment plan that you can still afford. As far as your wedding, you need a budget to help you understand your income to your expenses. If you take out a loan for your wedding, and your expenses now exceed your income, you will end up right back here or even worse with less assets to help you. There is always more than one way to skin a cat, this is just my take. If you need help building your budget or anything else, I am more than willing. I wish you luck on your goals in 2018!
