Use I hold and Rent or Flip

[Clayton Ballard]

I came across a good deal today on a property in Baltimore MD in the 21229 area. I got the property for $29,500 cash. It only needs a little lipstick repair; paint and carpeting or refurbish the original hardwood that's in there MAYBE 5k and ready to rent. The area rents $12-1,500. NOW looking at some comps in the area, I see that some properties has recently sold from 80k-119kSo If I put around 25k and fully update the property, it could be a nice flip ARV:95k 36 S Morley Street Baltimore, MD 21229 sold on 7/7/14 for $80,000 (MRIS BA8218641) 112 N Kossuth Street Baltimore, MD 21229 (200SF smaller) sold on 1/13/14 for $119,000 (MRIS BA8174929) 54 N Ellamont Street Baltimore, MD 21229 sold on 6/30/14 for $95,000 So should I hold and RENT or should I FLIP? Thanks in advance CB