This budget should secure you a closed deal.With that one deal, you’ll have more money to reinvest in marketing and get three more deals.With those three deals, you’ll have enough marketing budget to get seven more deals—all the while, you’re working on SEO so your site ranks #1.With seven deals (let’s say each deal brings in $10K in profit), that’s $70K, plus any leftover budget from previous deals you didn’t spend on marketing.Now, it’s time to think about scaling.

You should have about $541,000 left over for a no down payment loan!

I will have enough reserves to cover the holding costs as well as some left over as emergency funds for the property.

An investment should pay for itself and have enough left over to set aside for reserves.

I’ll have $38K leftover.

The equity in the house is almost exactly the amount needed to pay off the HELOC, so we wouldn't have anything left over to re-invest.

Also, at the end of the day, if you have budget left over, make a draw and enjoy that tax free money. 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

The supplier will also pick up anything leftover at the end. 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.