Should I invest while I wait?

[Keith J. Davis Jr.]

Greetings all,

I'm also in the process of building my first home (which is exciting). I spoke with the builder today and we are having delays due to permitting with the city. Realistically, my home will not be complete until September (5-6months from now). I wanted to know if it would be wise to invest in a rental property or a flip while I'm waiting? Initially I wanted to wait, get my home in order first before investing, but now I'm unsure. On one hand I'm eager to make a move and on the other I don't want to risk not being able to qualify for another loan (for my personal home), having a higher interest on a 2nd loan and having to put 20% down. What should I do? 

Thanks in advance