I have been looking into refinancing the house to wipe out the HELOC and then turn around and open a new HELOC but our house was valued at 58,000 when we initially purchased.

Quote from @Aaron Arguelles: Thank you to everyone who commented on my initial post and gave me advice!

This creates a negative initial position.

Hi BiggerPockets community,Over the last few years, we’ve grown a soccer business that now trains hundreds of kids weekly through private sessions, leagues, after-school programs, and Nike Soccer Camps across multiple cities.But now it’s time for the next step.Our soccer families need a year-round home base.

Meanwhile the property drops in value from the infighting and your initial down payment with equity can erode.Some looking at TIC's go DST instead.

Looking for a sponsor to help me with my initial couple deals. 

Paid $15k upfront to initiate the contract. 

With Opportunity Funds as long as the investment is held for 10 years you get a step up in basis to the FMV at the time and the gains themselves on the fund itself if tax free. 5) You can cash out early at the 5 year mark and begin to see the initial 10% step up in basis.

That level of hands-on involvement gave me a lot of confidence in both the property and the team.Rent To Retirement made something that initially felt overwhelming much more approachable.

- 2019: initial capital contribution- 2020-2023: no distributions, no contributions, no data- 2024: beginning of the year capital balance of 35% of the initial, end of year balance of zero, non-recourse financing of 3 times of the initial capital, 1231 loss of 60% of the initial capital.Thank you