Exit Strategies - Capturing Appreciation on Primary Residence

[Ben Booker]

Hi Everyone,

Situation: Right now I am working in the San Fernando Valley (just north of Los Angeles) and living in Santa Clarita Valley (just north of San Fernando Valley). I own a 2b2b condo in Santa Clarita which I bought in 2015 for $226k. Right now, Zillow, Trulia, and Redfin have my condo estimated at $261k (the average of the three sites).

Question: The market is very hot in this area and I anticipate a market correction coming soon. I would like to capture the equity in my home before a market correction. I am anticipating only living in the Santa Clarita area for one more year (planning on moving to a market with much lower cost of living - i.e. arbitrage-ish killing on selling my appreciated Santa Clarita house in super inflated market and using that to start my first real estate investments in less inflated-more affordable market). Any recommendations on an exist strategies for capturing the appreciation an reinvesting for a short term period before I move? The options that came to mind (in order of most preferred to least) was watching the market close and not selling unless apparent that market was heading down, buying a flip that I could sell in a year if the market continued to climb, or I could gain some profit/break even if market stayed flat, or cash flow instead of flip if there was a precipitous market fall and manage from a distance. Any creative ideas that I haven't mentioned?

Let me know if you have any follow up questions.

Thank you,

P.S. No experience flipping or property management (learning and preparing though).