", he theoretically has some protection, but my (somewhat distant) memory of business law is that the so-called corporate veil (protecting the shareholders of the corporation from personal liability) can be pierced by any number of methods and fraud is one of them.  

@Craig CurelopI have about $10000, but live in the king county/pierce county are in Washington (about 40 mins south of Seattle).

You'd have to follow-up with your attorney on why he thinks a trust is best, it may have something to do with being more difficult to "pierce the veil" if an issue arises, but I don't know MA corporation or trust law. 

You wont have the cost and agony we had to find him :)  Good luck 

For the price range of $650K-$800K, most probably you are looking at either pierce county of Snohomish county.

Like I said above, llc owns the property, mortgage is in your name....any lawyer will pierce that LLC in 30 seconds because of that.

There is a burnt down factory righ across from it, and the two neighboring houses are vacant.I plan to rent out one unit, while I live in another.And in 1-2 years, move out to my next unit.The unit is next to Maddox Park, on Pierce Ave NW.I know most people stayed away from Westside because people feel it's an unsafe area.Does anyone own property in this side of town and give me your thoughts on owning/renting properties in this area? 

I have read that an LLC can to easily be pierced in a suite against it and most times they end up not protecting you at all.

Hi @Kelly Pierce.

Mixing your business and personal accounts pierces the corporate veil and makes the protections provided by your LLC worthless.