Are you able to use it easily, only with a HELOC.If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.Good Investing...

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

We will also stick by you throughout your real estate investing journey, even after closing.

If I can park the 388k ($415-27k) for one year at CD rate of 4.5% and then est 300k (after paying cap gain/depr recap) at 3.0% (assume CD rates lower) that interest income of about 24 months net of ordinary income tax is about the same as my current mortgage.Trying to play devil's advocate and think why selling this year does not make sense. 

My recommendation is to partner with th someone who has a lot more experience before jumping into a syndication after owning one property for less than a year.

After designing over 100 flips in twelve states, here are the key areas in which we've found the best ROI on flips:1.

Seller financing: Note for $1,350,000.00  - 7% amortized over 30 years with balloon payment after 7 years, interest only. ( I am trying to get the first year at 6% to stabilize then go to 7% remaining 6 years)Property Condition: Above average.

I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties).

I mean after decades of doing this myself well over 1000 lots created..