Is buying a rental into a living trust a good idea?

Investment Info:

Single-family residence wholesale investment.

Purchase price: $255,000

Cash invested: $100

Sale price: $260,000

3 /1 894 sqft

What made you interested in investing in t...

Investment Info:

Single-family residence wholesale investment.

Purchase price: $255,000

Cash invested: $100

Sale price: $260,000

How did you find this deal and how did you negotiate it?
...

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

Both houses have detached garages and I have been considering turning the garages into 1 bedroom units. 

They paid their portion of the rent.I have found a lot of investors bring their personal or political feelings into the investing conversation. 

Hi Amy - Congrats on your success so far, espeically since you and you husband and just getting into REI.

@Daniel Baker What do you mean by breaking even??

Your basis in the entire property will be divided into each of the 6 units. 

End goal is get into the commercial housing and industrial.