Personal Asset Protection

[Armand P.]

Hello-

I just wanted to get some insight on what the best option is to protect personal assets from real estate investing. I am thinking of partnering up with a few people and doing flips/rehab and maybe buy and hold. We have discussed doing an LLC and the cost would be around $350 to set it up.

My question is will this be sufficient protection from all personal assets? Also, does the LLC need to be in the state that the investments will be in?

Thanks,

Armand