Ended up with 2 homes and $ left over.

Hi everyone.I'm looking at a fourplex listed at 159,900 as a househack for my first deal.I have limited cash and I need advice regarding how to come up with a sane/safe amount of cash to have left over after the deal is done for incidental things that will inevitably come up.

If I 1031 exchange the property with the Heloc on it, the heloc would be paid off and closed during the sale of the property and I would be rolling only the left over equity or in this case 20k into the new property.

We had thought we’d put about 36K down and use the 27k leftover from 63k for rehab.  

We plan to purchase the home outright with a HELOC we have out currently with plenty of access to funds left over. 

it would be the same exact thing with a HELOC in that once you paid it off hopefully you have some money left over which you could consider is pre paying interest on your next HELOC. but nothing changes the fundamentals of the fact that if you're borrowing money the rate you pay for that money including fees is your cost   for that money

With the leftover money, you can be aggressive and find another property if you fit all of the financing requirements as it will be a regular loan at that point since you have used the VA on your primary residence. 

, you should have a very healthy profit left over.

Evictions are a huge PITA-- we had to do one earlier this year, and it took 3 months, tons of stress, that's  over $2,500 in lost rent-- also, they left over 10 tons of garbage-- could be worse!

Got it, thank you, Then were does the $5,950.21 that is left over at the end of the transaction hit?