What is your Salary from your REI Business?

What is your Salary from your REI Business?

Syracuse, NY · Member since 2014 · 143 posts · 35 votes

Question for those who actually have a RE business... how much of your earnings do you take? Do you pay yourself as a salaried employee or do you just withdraw money as needed? Do you take a certain dollar amount (i.e. enough to cover my bills), or a certain precentage? does the remaining amount of profit sit in savings or do you immedietly put a percentage of profits back into your business? TIA for an responses!

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  • Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
    11y

    $500.00 per week to the wife's checking account.

  • Rental Property Investor · Oldsmar, FL · Member since 2014 · 238 posts · 61 votes
    11y

    I leave 20% of my net cash flow for repair cost and use the rest for use or save for other investments.

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