When is the right time to create an LLC?

[Brandon Gore]

Hello BP community! 

I am a Chicago/Northwest Indiana investor and would like to know when is a good time to start an LLC? At the moment, I have a total of seven doors spread out over three addresses. I am not sure if my portfolio is big enough to start an LLC or if that even matters. I have been told my current portfolio size does not justify costs associated with starting an LLC. I have also been told that an LLC will make things difficult when trying to refinance or obtain a competitive interest rate. More cons than pros but hopefully someone can shed some light on the LLC .

Thanks in advance!