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If pursuing a different immigrant visa , when should an EB-5 investor withdraw an I-829 Petition?

Because withdrawing an I-829 Petition will result in loss of conditional permanent resident status, an investor should consult experienced immigration counsel before making this decision. Generally speaking, the investor should wait for the other immigrant petition to be approved, at which point he/she can withdraw the initial I-829 Petition and file an I-485 application to adjust status.