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.

I’m interested in partnering with someone to buy small multi family homes near Augusta, GA.

I am considering selling a single-family rental in DC and/or looking for a new commercial loan to purchase the building as much as I (or we if my brother decides t partner with me) can to be a majority owner.

I'll cut and paste what we send out for the initial approval for a loan on multi-family, but it's similar to what we ask for for a MH Park.

You have to talk with your mortgage providers to see if they are allowing you to move them to an LLC.In rental is good to have an LLC for liability however for taxes there isn't a big difference in small investments.Your credit report won't show the mortgage anymore but you still have the liability in your history.