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All Forum Posts by: Dexter Cox

Dexter Cox has started 6 posts and replied 16 times.

Post: Purchasing a duplex, should I use an LLC or my name

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Kevin Romines thank you very much. This helps a lot, my cpa was concerned about these investments in our name.

Post: Purchasing a duplex, should I use an LLC or my name

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

I am a new investor of 2 years this far with 4 doors currently. I acquired the units with conventional loans in my name. As I scale up I am trying to decide on if I should make my next purchase in an LLC or as I have done before. In my name I get the better rate but understand LLC protects from law suits if any.

Any advise on how to approach this?

Post: Is it necessary to have a separate account for security deposits?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Jennifer Ruelens thank you

Post: Is it necessary to have a separate account for security deposits?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Scott M.

I’m In Pennsylvania

Post: Is it necessary to have a separate account for security deposits?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

I established a llc and opened a checking account in the llc. My accountant ask if I had another account for security deposits. Is this a requirement.

Post: I have 2 properties can i only use commercial loan going fwd?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Stephanie P.

Thank you very much

Post: I have 2 properties can i only use commercial loan going fwd?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Paige Hutchinson I am trying to purchase this property in the llc.

Post: I have 2 properties can i only use commercial loan going fwd?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Mike McCarthy Thank you

Post: I have 2 properties can i only use commercial loan going fwd?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

@Jonathan Swartz Thank you.

Post: I have 2 properties can i only use commercial loan going fwd?

Dexter Cox
Pro Member
Posted
  • Posts 16
  • Votes 2

I have acquired 2 rental properties. I am being told that I can only use commercial loans going forward. Is this true and if so how do I avoid this.