All Forum Posts by: Beau Cote

Sure Dan. Multiple exit strategies help mitigate risk and offer opportunities to increase your overall profitability.  I did not ever think about wholesaling properties when I started either, but as it turns out I have way too many deals to handle myself and colleagues that need deals. Therefore, I wholesale. 

In fairness, instead of wholesaling what I don't want I offer all my deals for wholesale and keep what does not sell. Either way, I make money and my business grows. But by not cherry picking my deals it makes me a true wholesaler and increases confidence of my buyers that they are getting the best of my deals.

Good luck and feel free to follow up or get in touch when needed.

Is your intention to use the assets for retirement, to not distribute the assets to your heirs, or both?

I went to school in West Allis and have just moved to a new northeast metropolitan area similar to that of Milwaukee, so I will take a stab a helping you with your questions.

Returns are generally market specific and each market has it's unique advantages and opportunities. Therefore, I would suggest finding a few local reia's and asking current investors in your area.

However, being similar to my area and also being fairly familiar with the Milwaukee area I would explore rentals, wholesaling, rent-to-own, and options (sandwich options, etc...). There may be not as much opportunity on flipping. Flippers here make a good return but on low profile homes <$80K. The higher profile homes are more difficult to sell and therefore carry more risk.

I have been doing well seeking discounted properties from motivated sellers, getting them under an assignable contract, and immediately offer to sell the property at wholesale. If the property does not sell for a modest wholesale fee, then I purchase the property as a low profile flip or rental. If you buy the unit at the right price you should be comfortable executing nearly any exit or holding strategy.

Thanks Bram.

It is a pleasure to be here.

Beau

I would like to network with buyers primarily.

I am currently under negotiation to partner with the areas best property management company and have a great network of colleagues and companies to offer a turnkey investment solution for out-of-state investors. I also have a masters in finance and help colleagues sent up and manage self-directed IRA's and 401k's. Self-directed retirement accounts allow investors to grow their wealth tax free (until distribution in retirement).

Hello Vala,

I have a wide range of real estate investing experience. However, I have just recently relocated and have chosen to adopt my techniques to best serve the area. Saying that, I focus on wholesaling rental properties and sfr properties, investing in rentals, and offer turnkey investment consulting to investors across the northeast. Moreover, more and more every year my business leans more toward banking. I see doing more hard money and sandwich options in my future.

My area is great for low risk, high-yield rentals am I have been very business getting inexpensive rentals under contract since my relocation.

How about you?

Regards,

Beau Cote

Hello Members,

My name is Beau and I am kinda new to Biggerpockets. 

I live and work in Northeast Pennsylvania as a full-time financial expert with expertise in real estate.

I would love to meet and network with like-minded individuals. Feel free to contact me.