To flip or to hold - Trenton NJ

[Spence O.]

So, I will be closing on my 1st investment property soon. I saw the property the 1st day it was listed, while at the house speaking to the agent she literally was receiving offers for the house and the phone was ringing off the hook with people trying to see the property.  So, I figured investors with more experience saw something and I offered the list price which later was accepted. Since my offer was accepted a few weeks ago people are still making offers even though the property is off the market. One person allegedly offered $10,000 over ask if things fall through. 

Sooo do you guys think i should flip it or hold it?

[Kelly Arthur]

@Spence O. I’m thinking you won’t make much selling it after commission, some closing costs and then taxes. I’d hold it!!!