Travis shares how he transitioned from healthcare to real estate and made $70,000 on his first wholesale deal by taking a risk on a unique property.
Travis shares his experience of making $70,000 on his first wholesale deal and how he got started in wholesaling. He stumbled upon a unique property—a converted car wash with storage units—and reached out to a mentor for guidance. With little experience in analyzing commercial properties, Travis took a leap of faith and made an offer. The deal included the house and storage units, which he wholesaled for $400,000. Travis discusses his transition from the healthcare industry to real estate and the challenges he faced. He emphasizes the importance of taking risks and betting on oneself.
KEY TALKING POINTS:
0:00 - Introduction
1:02 - Travis’ First Wholesale Deal
4:21 - Transitioning From Managing Hospitals to Real Estate
5:28 - Working With The Sellers On His First Deal
7:20 - How He Comped A Former Carwash Turned Storage Facility
8:14 - Utilizing His First Wholesale Check
9:18 - How He Met His Partner For That Deal
10:00 - Using A Business Credit Card
11:26 - Leaving The Safety Of A 9-5
15:47 - His Average Assignment Fee
16:39 - How He Sells His Deals Now
18:56 - How He Built His Team
20:13 - Where He Wants To Take His Business
LINKS:
Instagram: Travis Copeland
https://www.instagram.com/trav_cope
Website: Flavortown Properties
https://www.flavortownproperties.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/