Should I form a LLC right away?

[Carrie A.]

I put an offer on my first purchase and it was accepted! It's a duplex 2/1. I'm nervous but very excited! QuEstion.... should I go ahead and form a LLC?

[Steve Vaughan]

I don't bother for little residential property with debt.  Too hard to get loans.

Unless it's a commercial property, you are rich or you are famous, I wouldn't.

I'm neither, but do have LLCs for my 5+ unit apts.  Hope this helps @Carrie A.!