What next step should I take to invest

[Jeni Olson]

Hello, I am looking for experience or guidance on what you all think I should do next in Eau Claire, WI. Due to being a sellers market and limited profit after mortgage and expenses, I sold my SFH and am using the equity to build a duplex. Duplex will hopefully be completed by June/July. I am going to live in one side to sell my current home to use this equity to invest into another multifamily home. My plan is to move out of the duplex in two years. My current plan is to wait until I sell my current home to use the equity to invest into another property. However, I am struggling with worrying about "missing a deal" if I wait. So, I am wondering, does it make sense to look into HELOC on my current home?? I have about 90K in equity. My hesitation is the fees associated with this, less than $500, will be thrown away if I would have waited 6 months but if I miss out on a deal, I could potentially loose much more?? Thoughts?

[Joe Villeneuve]

Never worry about missing deals. Deals come and go all the time. If they didn't, there would be no more REI.

The real problem you should worry about, is to let that fear force you into making a bad deal...just because you're afraid of where that next one will come from.

Some of the best deals you'll make (hopefully) will be the ones you don't make, and the worst deals (hopefully not) would have been the ones you shouldn't have made..that you did make just because you were too focused on getting the next "property" instead of the next "deal".