Buy now or continue to save & buy later?

[Kyle Castaneda]

Hello all - 

I am in search for some advice. 

I currently own 1 duplex, which I bought right before the pandemic in 2019, and is working out great for me. I am very eager to continue to grow my portfolio, but am conflicted due to the current real estate market. I have enough money for a down payment (leveraging HELOC on my rental), and want to purchase another investment property.

My question is this: should I look to purchase a new property despite the current competitiveness on the market, or should I continue to save and wait until things calm down?

Hoping to hear what you would do in this scenario!