To fix and flip or to hold??
Recently I acquired a house in Macon, Georgia for 13k. It needs new electrical and updated plumbing, hvac, roof, and paint. I budget to put around 25k into it. It’s a 1940, 3 bed 1.5 bath, 1856 sqft house. I am considering making it a 2 bath by adding a small shower in the 1/2 bathroom. I could potentially rent it out for $850 a month. I did some research and seen somewhat comparable homes selling in the 60-90k range. My initial goal was to build a rental portfolio making this house my second rental in macon but after seeing the homes selling for 60-90k I’m not sure if I should flip it. Any suggestions?