All Forum Posts by: Brent Charles

Hi George,

Thank you very much for the insight and the details. You must be a gifted mind reader because it sounds as though you know of the journey I've been on down to the weekend seminars. I'll reach out regarding the referrals.

Thanks again George.

Brent

Thank you Melody. I appreciate the advice. I will look Mark up.

Hi, any thoughts on where to create an LLC? I've heard Florida is is one of the states that is landlord friendly and that it would be a good place. I've also heard that Utah and Montana are good for anonymity.

I currently live in Illinois and I have an Illinois registered LLC, but I am looking to relocate to Florida and invest in Florida, Georgia or maybe Texas. Should I register a new LLC in Florida, or should I consider Utah or Montana for the aforementioned reasons?

Thank you for your help.

meant 2, 3 years, etc.

Thank you Jeffery for the information. Assuming the numbers make sense, do you know how long is a general rule for time to recover the money invested (e.g., 2, 3, etc.)? 

Hi, I am new to re investing and the forum. I have a condo that I've owned for about twenty years. I've rented it to tenants for the last 16 years or so and right now I'm living in it.  I want to do some rehab work to it and put it back on the rental market in the summer.

Does anyone have suggestions on how I can determine how much I should invest in the rehab and how long I should expect to recoup my investment? I am assuming cash flow (from the rental) will be a part of the determining factors, correct? Any information would be helpful.

Thank you.

Brent