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Updated over 16 years ago on . Most recent reply
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Money Paths
Hello everyone,
Lately I have been contemplating the best route(s) for profit to go. I would like to gain insight into what other investors are doing and how it has worked for them. I currently stand somewhere along these lines:
10% - Tithe
20% - Pay myself
70% - Re-invested
My demands for paying myself seem so much higher, though. It's hard to go broke from a rehab and then make nothing back in the end. I am working hard on self discipline to over come the broke issue.
I would like to build up capital to cover repairs on rehabs, closing costs on wholesales, and down payments for rentals.
How close is this to reality? Cause so far I can't reach it, not yet anyway.
Thanks