Set Instant Pot to saute!
Cook the ground beef for 5-8 minutes or until no longer pink.
Add chopped onions and minced garlic cook for an additional minute. Press the cancel button.
Transfer the meat to a strainer and drain the fat. Trust me, don't skip this step! Return the meat and onion mix to the Instant Pot.
Add taco seasoning, taco sauce, bell pepper, beef broth and mix.
Add the Rotel to the Instant Pot. Don’t mix it!
Place the lid on the Instant Pot, set to seal and Pressure cook for 3 minutes on high.
Once the cooker is done let it natural release for 10-15 minutes. (This means let the pressure release from the pot by itself. ) If the pressure isn’t released naturally by 15 minutes , you can quick release the pressure at this time.
Add cream cheese and mix until the cheese is mostly melted.
Add ½ cup shredded cheese and mix. Repeat with the other ½ cup of cheese and mix.
Add the heavy whipping cream, black beans, and corn, and stir.
Season with salt if you prefer.
Serve with your favorite toppings, crackers, chips, or tortillas. I tried with tortillas and it was amazing!