Private Money Lending in North Carolina

[Don Antoncich]

I'm was wondering what is needed to be done and in what order when using private money to purchase properties in North Carolina. I have a friend who has a good amount of money and is always asking me to borrow it so his wealth can grow and I can buy property. I am thinking of going this way. My concern is what documents are needed? I have an LLC but I know the IRS will be wondering where tens of thousands of dollars came from. Can anyone advise me on the step by step process for borrowing private money that will be used for property in North Carolina and possibly out of state properties?

As far as I know he writes a check, I put it in the LLC account and purchase away. But I fear I'm WAY over simplifying this... or am I?

Thanks!