Jamil Damji, a seasoned real estate mogul and author, dives deep into the world of wholesaling and flipping properties. He shares his transformative journey from aspiring doctor to successful entrepreneur, emphasizing the financial independence that real estate can offer. Listeners learn about essential metrics for property flipping, including key calculations and ethical marketing strategies. Jamil also discusses strategic renovations that yield high returns, highlighting the importance of passion, partnerships, and adequate preparation in the real estate market.
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Jamil Damji's Career Shift Story
Jamil Damji shares his journey from aspiring physician to real estate entrepreneur after failing medical school admission.
He made $47,000 wholesaling a house with no money, fundamentally changing his life path.
insights INSIGHT
Wholesaling Sells Potential
Wholesaling is about selling potential by finding properties with undervalued opportunity.
These homes often need repair and can revitalize neighborhoods when improved by investors.
volunteer_activism ADVICE
Master Relationships for Wholesaling
Wholesaling real estate typically yields $10,000 to $15,000 per property with initially high effort.
Build relationships to shift from cold calling to inbound deals, reducing effort over time.
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How to Wholesale Real Estate: The No Cash Strategy to Build a Scalable Business
How to Wholesale Real Estate: The No Cash Strategy to Build a Scalable Business
Jamil Damji
Our guest today is Jamil Damji who is a co-host of the BiggerPockets On the Market podcast and the author of How to Wholesale Real Estate: The No Cash Strategy to Build a Scalable Business. He is a co-founder of KeyGlee, which helps real estate investors find properties and is the founder of Astroflipping. He hosted Triple Digit Flip on A&E. Today Dr. Dahle and Mr. Damji get into the details of what wholesaling and flipping is, how to get into it and who it is and is not right for.
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