New Investor. SoCal. I have equity in my home. What would you do?

[Brandon Carlson]

Hello Ladies and Gents. Names Brandon. First post, long time listener. I am looking for some input, recommendations, or expertise. I became a home owner 3 years ago. During that time, I made some improvements to my home, now I have 100k in equity, 80 % LTV. Great for me right? I'm in a unique position. My house is zoned for a duplex, I can build a 2 bedroom, 2 bath, 1200 sqft home. It may cost roughly $100-150k all said and done.

OR do I just take my equity and buy an duplex in Inland Empire area? I have been hearing buzz about Riverside. I'm I to late??