Hello, I could use some guidance, My mother was left two properties with 5 apartments here in rochester byShe's owns them in part with family and is trying to manage them There is extensive plumbing damage as well as needed updates She had no credit or moneyAny ideas as far as private funding for renovationsShe owns the properties outright there's value in them Wouldn't need much 20 or 30k

1) Do a JV with a flipper who is active in that area (find at the REI clubs)   OR2)Find a private lender

When I first started out I really had no idea what to think, what to do, or where to start...Today, I just finished my third investment as a private lender for a rehabber (earning 12.5% interest) and I have a fix and flip in the works (thanks to a great team I've been lucky enough to align myself with over the past year) which looks to be finishing up in the coming months.

(In fact, I have my own hard money and other private financing-- if I'm going that route- I'll keep the deal and do it myself). 

I am working with a private money lender who is funding a flip of mine from a Sunwest self-directed IRA.

In my market, each flip involves $100,000 to $150,000 from the hard money lenders and private lenders.

Obviously this is an Option for me, as well as hard money & private Money.I was recently contacted by Hubzu because I was a previous investor w/ them about new financing they are rolling out under the name of Liberty Rental Finance.

In some IRS private letter rulings they have taken the position if you have a charging order you have rights to the profits even if you have not received them, so the creditor owes the tax.  

The Commission exempt intermediaries that are actively involved in the discussions, negotiations and structuring, as well as the solicitation of prospective investors, for private financings on a regular basis from broker registration at the federal level, conditioned upon registration as a broker under State law. 3.

Mortgage payments can be lower – and private mortgage insurance removed altogether.Plus, homeowners keep the tax deductions that make owning attractive.Homeowners can use their equity – not borrow against it.