105: Firefighter Sees Run Down Houses & Makes $9600 with Tyvon Davis

Tyvon Davis shares his journey in wholesaling, starting with how he made $9,600 on his very first deal. He explains how he found the opportunity, negotiated with the seller, and found a buyer for the property. Tyvon also discusses his motivation for getting into wholesaling and his goals for the future. He shares his experiences with hiring virtual assistants and scaling his business. Tyvon emphasizes the importance of multiple outreach and follow-ups in lead generation. He also discusses the benefits of being a firefighter and the potential for finding leads in that role. The conversation concludes with recommended listening and a message of gratitude.

Takeaways

Start researching and learning about wholesaling before taking action.

Building relationships with sellers and buyers is crucial in wholesaling.

Estimate repair costs and determine the offer price based on market analysis.

Implement multiple outreach strategies and follow up consistently with leads.

Key Talking Points of the Episode

00:00 Introduction

01:02 How did Tyvon make $9600 on his first wholesale deal?

03:30 Where did Tyvon find a buyer for his first wholesale deal?

04:31 How did Tyvon access the property after getting it under contract?

05:33 How did Tyvon figure out the ARV for his first wholesale deal?

07:36 What was Tyvon’s presentation of the deal like?

08:11 What roadblocks did Tyvon encounter with his first wholesale deal?

09:02 How did Tyvon get into wholesaling?

11:16 How did Tyvon find his second deal?

12:20 What did Tyvon do with the first assignment fee he made?

13:25 What was Tyvon’s plan when he first hired virtual assistants for his business?

15:09 What are Tyvon’s plans for his real estate business today?

16:34 Why is Tyvon still working full-time as a firefighter?

17:04 How does Tyvon plan to use his full-time job to support his real estate business?

18:17 What does Tyvon look for when driving for dollars?

19:08 What does Tyvon’s driving-for-dollars strategy look like today?

20:43 How many deals would it take for Tyvon to do real estate full-time?

22:20 How can you connect with Tyvon?

Links

Youtube: Tyvon Davis

https://www.youtube.com/channel/UCHbBgo3xMqtmjLLaZ2v4THg

David's Social: @dlecko

https://www.dealmachine.com/pod