All Forum Posts by: Dan Nitwah
Dan Nitwah has started 2 posts and replied 6 times.
Post: Business Line of Credit Recommendations
Dan NitwahPosted
- Investor
- Barnegat, NJ
- Posts 7
- Votes 0
Bonnie did you ever find an answer to this ?
Post: Made 22k on my first flip without any of my own money
Dan NitwahPosted
- Investor
- Barnegat, NJ
- Posts 7
- Votes 0
This is a great success story. I am thinking of diving in the same way. Can you share the bank you used?
Post: HML with LOC for downpayment
Dan NitwahPosted
- Investor
- Barnegat, NJ
- Posts 7
- Votes 0
Nope it is not
Post: HML with LOC for downpayment
Dan NitwahPosted
- Investor
- Barnegat, NJ
- Posts 7
- Votes 0
Do you know if any HMLs will allow you to cover the 10-20% downpayment with a line of credit? I have about 50-60k in stocks that I would like to not touch if possible.
Post: Newbie, South Jersey, Investors, Rehab
Dan NitwahPosted
- Investor
- Barnegat, NJ
- Posts 7
- Votes 0
Which areas are you looking into? I am also from SNJ.
Post: Would you flip a house with an unfinished addition
Dan NitwahPosted
- Investor
- Barnegat, NJ
- Posts 7
- Votes 0
Good afternoon all.
I was hoping the great members of BP could offer some insight regarding a recent property I am looking into as a flip with a potential for a very high return.
Here is my dilemma. The house needs about 15k in rehab however the previous owner poured the foundation for an addition and then ran out of money to finish it. Finishing out the addition will add about 35k according to my realtor.
Question: besides permitting issues what other issues could we run into if we decided to finish the addition? Would you take this on?
pp-90-100k
Rehab 15k without addition
Arv- 195-200k
With addition:
Rehab with addition ??
ARV- 225-230k
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