WHAT'S THE PLAY BUY, HOLD, SELL

[Larry Fullard]

Hello Biggerpockets Pockets. I want to find out a play that is realistic for growing my buy and hold goals for financial freedom. I live in Phoenix, appreciation has been great during this time and my 4plex has gained about 150k in equity and may continue during the next 3-5yrs depending. Im wondering if i should wait things out and sell at the height of the market, use that money to buy other investments properties when the correction comes (it's also my primary residence so i can keep all my capital gains) OR Should i simply use a "open HELOC" get properties now while this appreciation is rising, primarily in the south east where you can buy multiple properties for a lower cost? OR Whatever else seasoned investors suggest is the best option.

[Jaron Walling]

@Larry Fullard Hold on to that 4-plex forever. Phoenix is growing like a weed. You're NOT going to time the market like you think you can. The experienced investors don't time anything; they strategically sell properties when the equity far out ways the rental income. They sell properties with issues and buy others with less headaches and appreciation potential. If you're a buy and hold investor think long term and take things slow.