Private Lender Agreements and Strategies for House Flipping

[Mike York]

Hello everyone!  I met a new personal hard money lender, and I would like some ideas on how to strike a deal for flipping houses.  He has worked commercial RE his whole life and wants to use his capital better.  I have been house flipping for several years now and would like access to additional funds to scale up.  

Some quick ideas: 

If he funds the whole project, we could split the profit 65/35 or just do monthly payments with interest like a loan payment.  I would love to hear what others have done in this situation.  Open to ideas.  Thank you in advance.