All Forum Posts by: Jason Blain

I have an idea of how I want to set up my company for the future and want to run it by the BP community for feedback, I currently have an LLC in the form of a remodeling business that is supplying much of the capital for my real estate investing activities. what I am thinking of doing is starting a C corporation and having that own the LLC, running all the income/ expenses thru the corporation and paying myself from the corporation. Basically making the remodeling company an income stream to the corporation. I am looking at this as a growth strategy for the future that I can add income streams to the corporation by adding or acquiring real estate and businesses. I would appreciate any input you all may have. This is just preliminary research and I will be seeking legal and accounting help if I decide to go this route.

Good morning Ken, I am still sidelining as a contractor right now. trying to scale up to full time. I haven't made the move into Muskegon yet, there is still lots of work in GR. I will definitely talk with them and see if it is something that can work out for both of us. i will message you on here with my contact info 

Thanks 

Jason Blain

@Jacqueline Coombs 

Sorry for the long response time. I have not purchased in Muskegon yet but am still seriously considering it. the area is looking promising so far.  

I am seeking information to help me start a new business, and would like the feedback from the BP community. I am in the west Michigan area and am looking for the products or services that you as real estate investors find difficult to find and you need. I have a background in remodeling and am a licensed contractor in Michigan but nothing is off the table so let me know anything that you would like to be able to outsource easier even if it isn't related to construction work. I appreciate you taking the time to help.

Thanks for the tip @Account Closed I sent you a message and connect request.

I am looking at getting into the Muskegon, MI market both as a contractor & an investor and would like feedback and information on areas/neighborhoods to look at and the ones to avoid. Any rules and regs that the government may have that have created issues with investors or contractors. and just any general information you can give on the market will be appreciated. I am in the Muskegon are frequently but am not from the area and just looking for some basic info. 

Welcome @Matt Brechting, and greetings from a fellow investor in the Grand Rapids area. You have found a great site for knowledge and resources here. Have you looked into a REI club in your area? I know of one that meets the second Monday of the month in Grandville. There is strength in Networking :) Good Luck with your investing Let me know if there is anything I can help with.

@Corey Mccarthy, I am still keeping on with my investing, just considering using what i know from investing to move to a different career and  maybe have benefits for both 

@Keith Pentzthanks for the insight, Can I get those hard facts all in one place, Website maybe, or do you have multiple places to gather them, Either way it is encouraging. I don't like doing anything major without a plan, hence the post asking advice, and realize as with anything else i will make mistakes along the way. I know there is much competition within the real estate profession here as I have freinds who are in the business, and my current realtor is quite good at helping me with the facts and figures of the real estate market here.

Thank You for the replies.

Jake, I had envisioned a scenario similar to yours in that I would make the change gradually from one career to the next by doing double duty. This would be very achievable with my current situation. As for the Investor/ Realtor question I would like to do both simultaneously. The end goal I guess would be to be a full time investor later on but I would like to learn the real estate business part also.

Gino, I commend your courage, that is a big step. The investor in me is here for the long game but i don't know if getting a license for just my use would be a good fit. as it is right now i dont do enough volume to warrant it on my own deals.

Brandon, that was a little of what I was looking for, I have enough Friends family that have taken on a real estate job at one time or another and have heard the bad stories( you seldom hear the success stories when something doesn't work out). I am only tied to GR in that I wish to keep living here, other than that i travel the entire west side of Michigan for my work now. 

Thanks again for the input  

Hello Everyone,

I am considering becoming a real estate professional and wanted to reach out on the BP site for some input. I am currently a sales professional in the automotive tooling industry and have a degree in Marketing. I am passionate about real estate and have owned both commercial and residential properties over the years.  I live in Grand Rapids MI and would plan on staying there. I am just looking for the pros & cons of a move into this field and am open to any advice. Since I don't have an urgent need to find a career, I am taking the opportunity to do my due diligence before taking the leap. Thank you for any advice/warnings you can provide