211: $70,000 On His First Wholesale Deal

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/