Can I withdraw the money invested into a fix and flip?

[Jose Gonzalez]

Wanted to know if I can withdraw money invested into a fix and flip to fix the property?

Ex I invested 30K into a home. This money was income I had earned and had already been taxed on. I just want to get the money back that I used to fund the properties rehab to fund my next flip. The profit that was made is not being moved.

[Chris Seveney]

Quote from @Jose Gonzalez:

Wanted to know if I can withdraw money invested into a fix and flip to fix the property?

Ex I invested 30K into a home. This money was income I had earned and had already been taxed on. I just want to get the money back that I used to fund the properties rehab to fund my next flip. The profit that was made is not being moved.

Not accounting advice. But lets say you bought a home for $100k, used $30k to rehab it. That $30k should be considered an owner contribution. If you take it out, for example, via heloc or refinance it would not be taxed. You would be taxed on the exit for the profits made on that asset.