What to do with that first real estate check - Thoughts from a newbie question

[Adam Macias]

I was at a meeting last night with a newer investor.

She wants to get into wholesaling.

She thinks the best thing to do with that first check is reward herself.

I get it, I've been there too.

Best thing to do is set aside a percentage for taxes and the rest just goes back into marketing.

For most getting started, they don't really have much money.

So, to come across a $10,000 check is very rare for them.

Let's say after taxes you're left with $8,000.

That's an immense amount of advertising.

That's 20,000 postcards.

That's 100's of thousands of phone numbers and a great dialer.

That's a crap ton of internet leads you can buy.

KEEP THE BUSINESS MOVING.

The reward will come. There'll be a time to book that Airbnb.

But in the beginning, you need to keep the business EVERGREEN.