All Forum Posts by: William Parker

 Understood, thank you!

 Thank you! I'll connect with some local wholesalers. 

Hey everyone! 

What are some recommended books to learn about wholesale?

What are some pro’s & con’s to wholesale as well?

 Thank you for this insight. 

The tax benefits is also another thing we're trying to figure out to!

I like the idea of 20% towards payout, 80% back into the business. 

Hello, 

My best friend and I are going into business together to start our real estate investing journey fixing & flipping properties, as well as other investment matters. We're creating our operating agreement, and need advice on how to set up our profit distributions after covering all overhead costs. Any amazing advice is greatly appreciated!

What profit percentage split do we pay ourselves after each sale?

What percentage of profits do we put aside to reinvest back into our company?

What percentage do we save in our emergency reserves?

What percentage do we save for our tax liabilities?

What percentage do we save for over-budget construction costs?

How often should we pay ourselves?

Do we pay ourselves the remaining profits at the end of the year?

@Adam Ulery CONGRATULATIONS!!!

@Dave Poeppelmeier CONGRATULATIONS TO YOU AND YOUR WIFE!

Thank you Mindy!!

@Ken Nyczaj Thank you!