When it comes to experience I have facilitated my fair share of successful projects, however the point still remains that I did not complete those deals completely independently.

The terms remain the same, we still pay the monthly mortgage payment.

One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.

New inventory and relisting rates have actually declined month over month which is allowing to pricing to remain elevated.

Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity. 

Trying to get a # from him about estimated remaining cost but got nothing.   

Use your HELOC to purchase the duplex outright for $118K.Your brother’s $50K down payment can immediately go toward reducing your HELOC balance, leaving a remaining balance of $68K.Create a formal lease-to-own agreement with your brother.

It’s generally better to pay taxes, especially if it’s preferential LTCG treatment and make a sound investment with cash that remains than defer and make poor investment decisions. 

Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.

My inclination is to suggest paying back the PML 70% of the land proceeds (presumably $168K) at that closing and then hold the remaining loan until I sell the house.