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Updated over 1 year ago on . Most recent reply

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David Rey
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David Rey
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Wholesaling

how much to save for taxes

David Rey
Posted

how much  should i set aside if i get $10k wholsale fee?

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Lydia R.
  • #4 Wholesaling Contributor
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  • Member since Mar 19, 2016
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Lydia R.'s profile image
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Lydia R.
  • #4 Wholesaling Contributor
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Lydia R.#4 Wholesaling Contributor
  • Wholesaler
  • Austin TX
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Lydia R.#4 Wholesaling Contributor
  • Wholesaler
  • Austin TX
Replied
Quote from @David Rey:

how much  should i set aside if i get $10k wholsale fee?


Great question! Impossible to answer without a lot more information. But a good rule of thumb is 20% set aside for taxes and 40% to reinvest in your business to get more deals. 

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