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Updated over 3 years ago on . Most recent reply

Michael Sharpe's profile image
Michael Sharpe's profile image
Michael Sharpe
  • from Chicago, Illinois
  • Member since Aug 1, 2016
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Michael Sharpe's profile image
Michael Sharpe's profile image
Michael Sharpe
  • from Chicago, Illinois
  • Member since Aug 1, 2016
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Michael Sharpe
  • Chicago, IL
8
Votes |
12
Posts
Buying & Selling Real Estate

How do you pay yourself ?

Michael Sharpe
  • Chicago, IL
Posted

Question so once you complete a flip or are collecting monthly rent, what percentage of money do you take out for your personal bills , groceries , gas , clothes , your wife's Pandora charms LOL ?

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Craig Jeppesen's profile image
Craig Jeppesen's profile image
Craig Jeppesen
  • Rental Property Investor
  • from Chubbuck, ID
  • Member since Oct 12, 2018
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Craig Jeppesen's profile image
Craig Jeppesen's profile image
Craig Jeppesen
  • Rental Property Investor
  • from Chubbuck, ID
  • Member since Oct 12, 2018
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Craig Jeppesen
  • Rental Property Investor
  • Chubbuck, ID
466
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532
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Craig Jeppesen
  • Rental Property Investor
  • Chubbuck, ID
Replied

I don’t take anything out but keep it in savings until it is time for the next investment purchase. That is how you use compound interest as you keep investing your earnings. I will do this until I retire.

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