Best Ways to Re-Invest Flip Profit for a Newbie back into RE

[Jennifer Walden]

Hi everyone! My husband and I just completed our first ever flip! We have an accepted offer and are in the closing process currently. After all loans are paid back, commissions paid, and taxes accounted for, we will roughly have a profit of $20k. How would you use this profit to invest into your next deal? Would you re-invest it or save it up? Any insight that can be given or suggestions are greatly appreciated! I look forward to reading your responses and thank you in advance!