Should I form an LLC for my first rental property?

[Charquis M.]

Hello All,

My name is Charquis and I am in the process of purchasing a new home and turning my current home into my "first rental property." I have been told that I should form an LLC before gaining a renter? I am not sure if this is the best option for me financially. I don't make a lot of money, so real estate is my way of trying to secure my future and present. Should I form an LLC (in Baltimore, MD) for my first rental property?

Thanks in advance!