Which is better use with wholesale profit?

[Tony Marcelle]

Is it use the money to pay off debt? OR is it use the money to buy income producing assets like rental properties to pay off debt?

[Briannan Burns]

@Tony Marcelle I would say that the #1 rule of business is to recycle your money back into it at least 50% as standard. (This is completely my personal opinion)

Find what percentage works best for you & your business model, but in order to grow your business, remember that you need to invest- and continue reinvesting, in it.

For instance, if you make a wholesale profit of $10,000, I would suggest splitting it at least $5,000 to reinvest & $5,000 for personal. However, if you're using your wholesaling profits to accommodate your lifestyle or help pay bills, you may need to adjust your personal amount. Or, if you're using wholesaling more-so as a means to get into REI, you may want/need to adjust your reinvestment percentages.

Decide what your overall goal is for your wholesaling career and draw your decision making from there. Good luck!