What to do with 100k in equity on first flip?

[Josh C.]

I bought my first foreclosure flip for 213k, put 25k into it (238k note), and now will sell for around 350k to 360k.  After all expenses paid, I should net around 90k-100k.  With the goal of buying and holding and doing some flips along the way, I am curious to what more seasoned investors would do with the money?  I have some external factors at play (i.e. student loans, want to find another live-in-flip, etc.), but I am willing to put a significant chunk into real estate.  I also have an investor who is looking to contribute 40k to my next project.  What are your thoughts?!

[Jay Hinrichs]

@Josh C.

  my first thought is for your first flip that is unbelievable.  making 90 to 100k on a flip in today's market is something to be quite proud of  and to do it on your first one that is really special.

remember you will owe a fair amount of tax on that income so pay that first so you don't get squirlly with uncle.. then I think you just rinse repeat..