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?
