Play the long game and hold onto that equity. 

., BPG Holdings.

Use the HELOC on cash-generating opportunities like flips, then use the cash generated to buy long-term buy and hold investments. 

Investment Info:Single-family residence buy & hold investment.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

I get a lot of requests for people who want to hold a wedding at our houses.

You want to be able to demonstrate that your intent in purchasing, subdividing, and improving was to hold for investment use. 

Or start a business which would require a lot more time than owning RE.If it were me and Dallas is appreciating, I'd probably hold onto it since you've had it since 2011.

Then, in April last year, my husband and I started a business, and I temporarily put both of those on hold while taking care of my dad.

So if you are looking to hold long term, you must take that into consideration.