We wanted a better DTI.Then we slapped a large heloc on it as an opportunity fund right before my wife quit her job for good.I would save the cash. 

Investing in a per deal syndicate is different than a fund. 

These tax credits unlocked capital which was deployed to purchase and rehab commercial real estate in struggling downtown areas or help fund small businesses in these qualified zones.

I’ve helped over 450 real estate syndicators and fund managers.

I have no desire now to build anything and I don't if I  ever will.

For months, this was what we were following but of course when dealing with me I never make people wait so long and I pay as soon as I am able, as soon as the line item funds drop I usually send a wire or zell payment.

I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.

Had clients use them, and they claimed the process was way too tough of pulling funds. 

Despite the high prices, politics, and taxes, people still desire to live there.

Does buying all cash not make your return lower than just sticking it in a S&P index fund?