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Updated over 16 years ago on . Most recent reply

User Stats

173
Posts
15
Votes
Charles Whitaker
  • Real Estate Investor
  • Amarillo, TX
15
Votes |
173
Posts

Money Paths

Charles Whitaker
  • Real Estate Investor
  • Amarillo, TX
Posted

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

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