What to do, help please?

[Tony Munns]

Hi All,

I am looking for some advice. My wife and I just closed on a (new for us, built in 92) home in Raleigh NC. We have lived in our current home in Raleigh since 1999 and have ~$70k equity built up. I am thinking of renting the property, however I'm wondering if it would be better to cash out and use the money for a couple of flips. I am at the point that i'm kinda stuck and looking for some direction. 

Thank you,

Tony