Can somebody walk be through how a private loan transaction takes place?  

@Justin DeSantisI sent you a private message. 

My private money lender wanted me to give an origination fee but I don't have that since I've dumped my money into wholesale marketing.

@Allan Szlafrok thanks for reaching back, I will definitely be sending you a private Message 

If the deal is good enough you may consider hard money / private lender and pay a little more in interest, knowing you will only have it for a short time.   

@Jordan Moorhead  my home is not a 6 mil home its nice but its not on the lake.. but for someone working downtown  I am only 5 minutes to I 5  which is nice. and I am on a private street only 3 homes including me and walk to 1 through 8.. which families like.. but not a lot of families here because of price point.I know I could get 5 to 6k a month for it.. for sure.. just wondering how the nightly stuff would fair out 800 a night at 50% occ I s12k a month that's pretty good money.. 

Hi  I'm new here, and looking for some advice to get my foot in I'm interested in flipping houses, I'm just having trouble in how to approach a private lender

For STARTERS we don't know if we should open an LLC together and start to buy properties with private money via LLC OR if we should each get conventional loans independently (tenants in common) with an operating agreement in place.

Pull some equity out of your existing properties, use a heloc for part, go to a local bank see what they have to offer, private lenders etc.

In truth, the biggest nightmare for me is the fact that he'll be living directly across the street.