To flip or hold? That is the question

[Cory Lucas]

I’ll try and keep this short and if you have questions I don’t cover then I’ll elaborate, hope that works

I have 3/1 house I'm currently rehabbing, my 2nd buy and hold investment. The plan was to BRRRR and keep it, but with the market being relatively hot in my area I'm thinking on maybe flipping it? Primarily cause we had some financial setbacks to where we could use a good windfall to kind of reset the coffers so to speak. However I'm wondering if that will be a mistake as by the time I'm done pretty much everything will be done with the house, new HVAC (unplanned) and huge trees being trimmed to name a couple big items I planned to tackle down the road. Not to mention I haven't really explored how selling it and things like capital gains would affect my taxes or really done my homework yet on that if I do flip it

So, while I'm not trying to be vague, I just wonder what everyone's thought may be given the market being pretty good right now, so a good time to make a healthy profit versus hang onto it. Other piece that's attractive to me flipping it would be due to those unforeseen expenses I won't be making quite as much on the BRRRR. However of course holding it my capital expenses should be pretty minimal for awhile

Thank you for the time and responses in advance