Purchasing first property - Should I form an LLC first?

[Stephen Karakitsios]

Hey BP Community,

I am a new member to the site and this will be my first discussion starter - so take it easy on me.  

So, I am a senior in college and have been in the real estate game for a couple of years. I have not yet done a deal on my own but I am looking to purchase my first property within the next couple of months.

So my question is, if I am planning to purchase properties, rent them out and collect cash flow for the long term, would it be more beneficial for me to form an LLC and then purchase my first property or purchase the property as an individual then transfer the property to an LLC down the road? And if anyone suggests on purchasing the property first, how long after after should I form the LLC?

I know that I would be using a QuitClaim Deed to transfer the property to the LLC but I'm not too familiar with that process.

Could anyone share some knowledge in this space? Any feedback would be greatly appreciated. 

Thanks!