Hard Money and Private Money

[Nicholas Acosta]

If I'm using an LLC to purchase a property with a hard money loan, but I am borrowing money from a family member for the downpayment.. How would I receive that money from my family member? Would it go to my personal account and then transfer to LLC bank account or does it have to be some other way? Does it have to be a loan with a contract and interest etc even if it's just someone letting me borrow downpayment money for my first few flips? How would that work? Please advise..Thank you