Mastering Collaboration in Real Estate Featuring Jamil Damji
May 4, 2024
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Experienced real estate investor Jamil Damji and Pace Morby share their journey from modest beginnings to 7-figure success. They highlight the importance of collaboration over competition and transforming the industry. Topics include unique strategies in real estate, their TV show, managing wholesale business, fix and flip projects, and market comparisons.
Embracing collaboration over competition transformed their real estate careers, setting a new industry standard.
Diverse strengths and robust systems enabled profitable transactions across multiple markets, reshaping industry dynamics.
Deep dives
Jamil's Journey into Real Estate Entrepreneurship
Jamil Damji, a real estate entrepreneur from Phoenix, recounts his unexpectedly transformative journey into entrepreneurship. Initially discouraged by a failed attempt at medical school, Jamil ventured into a media company where he struggled with unsustainable profitability. A chance encounter with individuals profiting from real estate developments sparked his interest. Despite initial obstacles due to limited resources, Jamil's persistence led him to a breakthrough deal. By creatively leveraging contracts and legal advice, he earned $47,000, unveiling a path to financial independence.
Pace's Evolution from Contractor to Real Estate Investor
Pace, hailing from a blue-collar background, thrived as a contractor renovating properties nationwide before realizing the limitations of merely providing services. Encouraged to explore real estate personally, Pace made a decisive shift and started wholesaling properties. Despite facing skepticism and financial risks, he found success by diversifying into fix-and-flip ventures. His collaboration with Jamil, despite being market rivals, yielded a profitable business relationship, leading to a popular television show that spotlighted their joint success.
Collaborative Real Estate Ventures and National Expansion
Jamil and Pace's collaborative approach to real estate wholesaling, backed by robust systems and agent partnerships, enabled profitable transactions across multiple markets. Leveraging their diverse strengths, from wholesaling to creative financing, the duo established a national franchise model, Keely, spanning 110 locations. Embracing the spirit of collaboration over competition, they reshaped industry dynamics by prioritizing mutually beneficial strategies. Their journey culminated in a successful television show that celebrated the power of collaboration in real estate success.
Welcome to a new episode of Get Creative! In this episode, I’ve joined Ron LeGrand over on The Mentor Podcast with Jamil Damji. We discussed some innovative approaches in real estate and shared our journey from modest beginnings to becoming established real estate investors making over 7-figures in investment and on television. Discover how their unique collaboration over-competition model transformed their careers and set a new standard in the industry.
Highlights:
"You will absolutely never get to where you want to get to in your life if other people are deciding for you."
"It changed everything about the way I operate."
"We created an atmosphere and an environment in Arizona that other people started doing the same thing."