Should I create an LLC before I buy my first property?

[David Cianci]

Hello, curious to ask if I should create an LLC before I purchase a real estate property.

I will most likely either buy a house hack, small multifamily, or partner deal with my first purchase. 

I understand that banks do not like lending to LLC's to start off so maybe I would have to take some personal liability to begin with or get an umbrella insurance policy which I have heard could be an option.

I have also seen that it can be complicated to move a property into an LLC when the property was purchased before the creation of the LLC in terms of the mortgage terms.

I am curious if I could benefit from the taxes benefits from forming an LLC right off the bat or if the annual costs would outweigh them to begin with.

Wanted to reach out to the community and make sure it wasn't a necessity to create an LLC as soon as possible because I would like to make sure I hedge my risk as much as possible in case an emergency would occur at or with a property I purchased and own outright, thanks.

[Jon Puente]

Hey David, 

No you shouldn't.  You dont really have any "liability" with 1 property.   Just buy a property in your personal name and learn the game first.