Hold or Flip -- Need some advice

[Amanda Williams]

I currently have a SFR undergoing renovations that should be complete by mid-August. I purchased the property using hard money (including financing most of the renovations) and now I am trying to decide whether to flip it or refinance and hold it for a year. I started out with the intent to flip, but after more investigation on taxes and a little unsure of which direction to go. This is my first deal, any advice would be great appreciated. Here are a few numbers on the deal:

- purchase price 140K

- estimated ARV 230K

- renovations 40K