Do I need an LLC for our first property in South Carolina

[Andrew Junquet]

Hi Everyone,

I'm working with 2 business partners on starting a rental business. We are working through setting up an LLC to operate under but this is taking a bit longer than anticipated. I found a property that would be perfect and will likely move quickly. Is it advisable to purchase this first property without the LLC and move it under the LLC once we have it setup? Or should we just wait and chance losing the property?