Sitting on a goldmine?

[Paul Young]

Hi BP Fam,

This is my very first post! My wife and 2 kiddos were lucky enough to start building a home in Austin, TX before the big boom this year.  We love the area we are in, the schools, community.  However, we have an opportunity to sell the home and make a profit of ~200k+ after fees and capital gains, etc. We feel that we have been given a great opportunity to get started investing in real estate with this chunk of money, but what other options, if any, can we explore so we don't need to sell our brand new home (which took 15months to build!).  Would love to get some advice on this! Thanks so much in advance. 

[Wayne Brooks]

@Paul Young It doesn’t sound like you’ll have cap gains tax, if you haven’t actually owned it for a year….it’s be ordinary income tax.