Investment Info:Single-family residence buy & hold investment.

My brother-in-law has been financially successful in real estate, but to avoid family issues, my wife and I have resolved to be self-sufficient.

I prefer one or two couples more than families and I wasn't attracting that with the twin beds.  

I am interested in 3 to 4 bedroom single family homes to flip and small to medium multifamily for buy and hold.

Good day Bigger Pockets family,Question for my seasoned investors.

Unless you have some special knowledge, I suggest focusing on 1st position purchase money loans on single or 1-4 family homes.

Thank you for your response, My current income is about 75,000 a year, My credit card debt total is approx 40,000.00 which consists of 2 car payments and medical expenses. about 6000.00 of it is money I loaned or I guess gave to family and friends, Not to mention the cash I have loaned or given away, I am going to stop being a leech and start to put my needs first, I will get there eventuality!!!

Jerry, multi-families small balance loans mainly and financing that makes sense below 7% with longer terms as we buy and hold. 

My personal houses are self builds, with no mortgage - one off grid and one on family land.

A 1031 exchange is a great option, but only under certain conditions if you end up making money.If the property is performing poorly, it makes sense to sell and put your funds elsewhere, unless you have a buy and hold strategy and you are okay with riding things out for a bit.Single family home rentals aren't what they used to be in terms of profitability.