Private lending for 1st Fix and Flip

[Luke Mitchell]

Hello all. I'm a newbie at the REI game so I'm curious how to go about my first flip. My wife and I are in RE now as a handyman and Realtor but we are seeking to form a LLC to strike out on our own. I have sought out and found a few private lenders online but wasn't exactly sure how and if this was the best route. I have read several discussions talking about using a bridge loan first then going conventional. Is this a better route for a first time flipper. We have excellent credit (750) and have some liquid assets. We would prefer to have a loan cover the house as well as expenses. Obviously, since my wife is a Realtor we have access to the MLS and know the area well enough to feel comfortable taking on this flip. Any help for a newbie is appreciated.