Asset protection setup prior to first investment

[Mrinal A.]

Hi all, 

I wanted to get some opinions regarding this topic. Asset protection is obviously important for everyone. I'm a physician and so exposed to more liability than the average corporate job. Given this scenario, do others recommend setting up asset protection (LLC, anonymous trust, etc) prior to buying even my first rental property or is this doable after getting started? I understand its a personal choice for everyone but figured some people with experience can chime in!

Thanks

[Glen Wiley]

I don't think LLCs are worth it when you first get started unless you already have major assets. We didn't start forming entities until after 6 properties were in service.