Do you buy and hold or sell on top?
I am a 26 year old investor with 3 rental properties that i bought in the last year. My goal is to build a large portfolio of single family cash flowing houses for my retirement. My market here in Cleveland tends to lag behind the rest of the country and the swings are not as volatile so prices are still 40-60% below the highs of 2007.
As a buy and hold investor looking 30 years into the future - does it make sense to keep these assets until I retire our should I sell them if the market here goes back up in 5-10 years.
Example - the house I picked up in a Cleveland suburb for 50K sold for 120K in 2006 - if the market reaches this level should you always sell if you are looking long term.