Can I reuse spoke properties in Link wheel?

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For example, if the first post in each web2.0 properties link to MoneySite#1.
And in next post(article) of the same set of web2.0 properties link to MoneySite#2 and so on...assume that all money site are in the same niche.

Are there anything wrong for this strategy, especially from GG point of view?
 
So you are doing a link wheel with two money sites? Are the two money sites hosted on the same IP? keep in mind gg likes links coming from different ips.
 
When you do those profile links that are so popular (but now less effective) it's a norm to list multiple sites. However the previous poster mentioning different IPs is certainly true. If your sites are on different IPs, as long as you don't go too far, should be okay. But if you're on shared hosting with all your sites, then probably no.
 
For example, if the first post in each web2.0 properties link to MoneySite#1.
And in next post(article) of the same set of web2.0 properties link to MoneySite#2 and so on...assume that all money site are in the same niche.

Are there anything wrong for this strategy, especially from GG point of view?

In my opinion, it shouldn't matter for as long as the other Web 2.0 sites have or acquired good reputations. If any one of those are identified as a spamming site and there is a strong indication of common ownership with the target site, then you probably won't see any help coming from the other sites.

But I don't think it will result in your money site getting banned or anything like that.
 
One more question.
I heard some guys suggest to do more than 2 tiers link wheel which mean I have to do others link wheels for web2.0 that directly connect to money site and so on...

Is it worth to put more effort to do that?
 
One more question.
I heard some guys suggest to do more than 2 tiers link wheel which mean I have to do others link wheels for web2.0 that directly connect to money site and so on...

Is it worth to put more effort to do that?

It can improve the rankings of your 1st tier web2.0 sites and giving them more link juice which will then improve your money site. So yes it does work.
 
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