Are you passionate about your job but wish for more financial freedom? You're not alone; many share the drive to ensure that if ever they decided to part ways with their 9-to-5, they wouldn't be left scrabbling for the next paycheck. This is where side hustles come into play, serving both as a financial cushion and an avenue to potentially scale into full-time ventures.
Such was the inspiration for firefighter Tyvon Davis, whose foray into real estate wholesaling netted him an extra $7,000 in just one month. Fast forward to today, and Tyvon has replicated this achievement multiple times over. By 2024, he envisions diving into wholesaling real estate on a full-time basis—if that aligns with his goals by then.
Today, we're going to dive into how to become a successful real estate investor with Tyvon's story. So without further ado, onto Tyvon's journey.
Tyvon's Initial Leap Into Wholesaling
Tyvon's first deal was a whopping $9,600.
"The deal unfolded practically in the backyard of my childhood, right across the street from where my parents live."
His early days in wholesale real estate weren't marked by expertise but rather by a voracious appetite for knowledge. As he puts it, frankly, his start was a deep dive into the world of wholesaling, with YouTube University serving as his go-to resource.
An Opportunity Just Across the Street
The nudge towards his first deal stemmed from an unfortunate event—a neighbor's passing. Tyvon adopted a respectful approach, allowing some time before engaging with the family regarding the house, which had caught his eye primarily due to its neglected state, a telltale sign it could be a real estate wholesaling opportunity.
The Knock That Unlocked Potential
How did he secure the deal? The old-fashioned way—door-knocking led to a conversation with the late owner's relatives. Initially, they declined to sell, but patience proved fruitful; they called Tyvon after some time, expressing a desire to sell at a price even lower than what he had anticipated.
Listing, Lockboxes, and Locking In the Deal
Taking the pragmatic route, Tyvon resourcefully advertised the property on Craigslist, bypassing Facebook due to the immediate interest it generated. "Before I could even post it elsewhere, I had multiple potential buyers reach out," he recalls. Miguel, an eager investor, was the one to secure the house, presenting an earnest money deposit as a sign of commitment.
The Intricacies of Real Estate Wholesaling as a Side Hustle
Tyvon's journey shines a light on the realities of side hustling. Despite being firmly rooted in his role as a firefighter—a calling he admires for its unpredictability and community impact—he has laid the groundwork for a substantial transition into real estate.
Rendering Financial Liberation in Sight
With ten deals already in his pocket, Tyvon stands as a testament to what it means to carve out a path to financial freedom without forsaking one's professional commitments. His sights are set on a systematic approach, preparing him for an eventual full-time dedication to wholesaling should he wish it.
Echoing Experience Through Social Media
Over on YouTube, Tyvon Davis shares his account openly, breaking down both his achievements and his challenges. His chronicles offer a candid glance at navigating the complex yet rewarding real estate terrain.
Wrapping Up with a Vision for the Future
As we circle back to our conversation with Tyvon, we're reminded of the key takeaway: Success isn't stumbled upon; it's systematically built.
Do your research. Network with people in the real estate community and in your community. Nail down your processes to find distressed properties, get them under contract, and sell them to buyers. It's that easy to make your success.
His 2024 goal? To solidify his venture, perhaps even permitting him the gratifying option of retiring his firefighter boots, proud of his service and ready for a new chapter.
