Just withdraw it—it’s like a checking account.The Risks (Depends Who You Ask):A lawyer says everything can go wrong.An insurance agent says the same (so they can charge more).An engineer?

Whether you fix it up or sell it as is depends on what your market dictates.

Texas boasts affordability and business-friendly policies, but lacks some cultural amenities.It depends on your priorities!

This way I get paid upfront for my work 1-2k plus I know I have another payday at some point in the future if the deal closes.The costs to fully develop a property and sell for near retail usually involves the costs below and takes 2-6 months or more in some cases, but the profits can be huge if you're working in markets where land costs are high:Title 200-400Legal 500-2000 depending on zoning issuesIf wetlands are present AND its a buffer zone project: 2000-5000Perc & septic design if needed 1500-3000Treescaping & cleanup for retail sale 500-1500Selling costs of 6%I tend to stay clear of properties that need more than the above expense items.  

Ultimately, the decision depends on your goals, the local market, and the potential for growth.Good luck!

Breeya Johnson Markets depend on your strategy.

It really depends on market demand and location.

Heloc interest deductibility depends on how the funds were used.

With all of that in mind, I think it would really be dependent on where you see that specific market going.

Just depends how you go about the process and what loans you use.