Raised $200,000 from 6 investors (50/50/30/30/20/20) and I had a lawyer write up a promissory note with with a two part guarantee, from the LLC that owns the house and me personally.

Multi-family investors, I put a single condo unit under contract to buy, within a 200+ unit complex that has about 80% of the units owned by an LLC, which they operate as apartments. 

Hello, I am looking to create an LLC in Southern Indiana.

For 14 units don't even consider starting an LLC.

Should I get a LLC before I get my first property?

They're all in my personal name but I will soon put them in my LLC. 

The money is coming from a 4 member LLC 1031 exchange.

I’ve worked with my GC on several deals and he has approached me about wanting to work together.Essentially it would work something like this…1) My LLC purchases the property2) He will only charge me COST on the labor and materials (no profit or markups) which will save me around 30% on regular contract figure he gives me in my market which is very expensive3) He will also make 300k of his own liquidity available to inject into the deal (I will put some of my own cash in and get a HML loan for the rest).

However, maybe it is just me or I am perceiving things wrong, but he kind of wants me to do it all for free.I currently own a LLC and have no problem with that strategy at all.

Hello Jack I am starting out in real estate and I want to know what is the correct way to set up your first LLC to protect your new and old assets.