Asset protection for a beginner

[Kevin Hoff]

Hi everyone,

I will be buying my first investment home in Kansas City and will have another on the way in a month or so. I have heard a lot of different opinions on how to protect your properties. I live in CA and don't want to pay $800 a year for an LLC (especially for only two homes). I am thinking of doing an umbrella policy to start? Any help/suggestions for a newbie?

Much appreciated! 

[Son D.]

From newbie to newbie: Get your properties first. Once you have a sizable asset then worry about setting up entities to protect it.