Advice on creating an LLC before first property.

[Cliff Song]

I am just starting out and have yet to purchase my first investment property. I'm just in the research and preparation phase at the moment. Does anyone have any advice on whether an LLC is a must before purchasing your first investment property?

Thanks!

[Nathan Gesner]

Quote from @Cliff Song:

Here's a metaphor.

You: "What's the best flooring material for my in-home basketball court?"

Me: "You have an indoor basketball court?"

You: "No, but I want to play for the NBA some day, and I'll need a basketball court I can practice on for hours without interruption."

Me: "That's a great goal! How did you do in college ball?"

You: "I've never played college ball. In fact, I didn't play in high school. But I've been watching all the games on ESPN, reading the rules, and even reading some books written by Larry Bird, Michael Jordan, and other great players. I caught the bug, and I'm going all in!"

Me: "So you've never played? You don't know if you have any skills? You don't know if you'll enjoy the sport, but you want to spend $200,000 building an indoor court to practice and go pro???"