I Made $12 Million in 5 Years Wholesaling With No Money or Mentor" - Meet Jamil Damji ( Ep - 21 )

Author

Julian Castle
November 29, 2023

PODCAST OF THE WEEK

I Made $12 Million in 5 Years Wholesaling With No Money or Mentor" - Meet Jamil Damji ( Ep - 21 )

Hook: Jamil Damji went from making $2,500 a month to $50,000 on his first real estate wholesale deal. Discover how this "wholesaling king" (Watch Now) built his multi-million dollar business empire.

Story: Backed into a corner by his traditional Indian family to become a doctor, Jamil failed to get into medical school and turned to entrepreneurship in desperation. After a failed startup (Watch Now), he stumbled into real estate wholesaling and made $12 million (Watch Now) wholesaling houses over 5 years. Then 2008 hit and he lost it all, becoming homeless (Watch Now) and $1.8 million in debt Watch Now).

Offer: In this raw interview, Jamil pulls back the curtain on his meteoric rise, tragic fall, and inspiring comeback (Watch Now), sharing hard-won lessons on mindset [link to mindset video], business scaling secrets and his "positive competition" (Watch Now) collaboration with Pace Morby and other wholesaling legends propelling him to build the top wholesaling coaching community with 5,000+ members closing massive deals (Watch Now).

POST OF THE WEEK

What's your opinion, should sellers have to pay for the buyer's agent commission??

They are not. They (Sellers) are paying the sellers agents broker. The sellers agent’s Broker is paying the buyers agent’s Broker… and because of this way of thinking is why law suits get started. Please be educated when speaking with your sellers. Please educate your teams and your agents.

www.facebook.com/groups/realestategrouponline/permalink/10161400321529574v

TIP OF THE WEEK
Focus Your Wholesaling on Ugly Properties Needing Work

Real Estate Tip of the Week:

Focus Your Wholesaling on Ugly Properties Needing Work

As Jamil shared, the key to profitable real estate wholesaling deals is finding discounted properties with potential for fixing up and forcing appreciation. Don't waste time making offers on updated, renovated or new construction properties - there's little meat left on those bones for your buyer to make a profit.

Instead, look for the ugly ducklings - run down properties needing extensive repairs and updates to shine. The rougher around the edges, the better. Then use the "after repair value" ARV to present compelling offers that still leave room for your end buyer to profit handsomely from the forced appreciation through renovations.

The ugly properties are where the gold lies in wholesaling. So embrace the ugliness and distressed properties to find deals that make everyone excited, especially your bank account!