Should I setup entity enterprise before starting out in REI?

[Tom Kairys]

Hi,

I am new in this field. However, I been in construction, sub-contractor, in particular, flooring and remodeling for 16 years. Looking to transition from physical labor and earned income to more of the passive income. Love Real Estate and the potential it has to offer. Just came out of the Rich Dad's/ Legacy Education 3-day seminar where they tried to sell me really expensive packages. I didn't buy into it. However, they talked about Asset Protection and how we have to buy real estate on the LLC rather than on your own name. Just wondering if anybody can help with the advice of whether I would first have to set up the LLCs or just start out by buying on my own name? Also, which route is best to take to start out in real estate investing if I have $70,000 of my own money and credit score is 705. Any guidance would be appreciated.