Legal Entity or not?

[Anthony Zirrolli]

After many hours of watching different podcasts, YouTube videos, and reading a ton I'm still confused and wanted some reassurance before sitting down with a CPA to go over my options. From what I understand if you have enough cash to purchase a property outright and for my case under $70k, then it would be advantageous to start with a Legal Entity. (S Corp & LLC) But if I wanted to leverage my cash say all $70k, and purchase a Larger Multi Family I will need a loan. And obtaining a loan through a Legal Entity is extremely difficult... So I'm curious how everyone else started and and at what point did you pull your first few mortgaged Rental properties into a Legal Entity? (I've been told by my mortgage guy after 3, but he is not a CPA or Lawyer) Thank you for your input and btw I'm located in MD.