Flipping with Private money and HML

[Danielle C.]

Hello BP community! 

I am in the process of getting off the sidelines and getting into the REI world. We have located a flip and are in the process of figuring out the financing. We are looking at getting a HML and have a partner who is providing down money in exchange for half the net profit. My husband will be the main contractor and there will be some subs for work my husband cannot complete on his own. Can someone give advice or provide a sample contract for the private money and down payment assistance? Will the HML want our partners information as well or just ours? We all have excellent credit but the partner does not want to be involved in the HM piece of the deal.

Thank you!