593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji 01:17:54

    <p>The words “<strong>ethical</strong>” and “<a href="https://www.biggerpockets.com/blog/newbie-guide-to-wholesaling"><strong>wholesaling</strong></a>” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as <strong>deceptive</strong>, <strong>hard to read</strong>, and for the most part just <strong>looking to make a quick buck</strong>. While this may be true for many new wholesalers, it's far from the truth for <strong>Jamil Damji</strong>. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.</p><p>You could say Jamil was made to be a wholesaler. He had hustle, <a href="https://www.biggerpockets.com/blog/cold-calling-techniques-that-really-work">cold calling</a> skills, and the will to succeed after being<strong> rejected from medical school</strong> simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After <strong>overhearing a discussion about a real estate deal </strong>between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and<strong> walked away with a $47,000 </strong><a href="https://www.biggerpockets.com/blog/contract-assignment"><strong>assignment fee</strong></a>.</p><p>Now, Jamil runs one of the most respected wholesaling companies in the United States.<strong> He’s set up an “everyone wins” style of wholesaling</strong> where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how <strong>Jamil and his team do sixty to eighty deals a month</strong>, all while building a loyal customer base, this is the place to be.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>How wholesaling works</strong> and why so many new investors start with it</p><p>The best types of listings to call to <a href="https://www.biggerpockets.com/blog/find-motivated-seller"><strong>find motivated sellers</strong></a> plus where to build your buyers list</p><p>Why <strong>illegalizing (or at least licensing) wholesaling</strong> would be favorable for the industry</p><p><strong>How wholesalers can work with agents</strong> to build each other’s businesses faster</p><p>The <a href="https://www.biggerpockets.com/blog/2014-07-27-9-blunders-every-wholesaler-must-avoid-else"><strong>biggest mistake wholesalers make</strong></a> when trying to assign contracts to buyers</p><p><strong>Building a “win-win” system</strong> so everyone in the transaction becomes a repeat customer</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.biggerpockets.com/podcasts">Coming Soon: BiggerPockets's On The Market Podcast</a></p><p><a href="https://www.aetv.com/shows/triple-digit-flip">Triple Digit Flip Show</a></p><p><a href="https://www.instagram.com/robuilt/">Robert Abasolo's Instagram</a></p><p><a href="https://www.tiktok.com/@robuilto">Robert Abasolo's TikTok</a></p><p><a href="https://www.instagram.com/davidgreene24/">David Greene's Instagram</a></p><p><a href="https://www.youtube.com/c/DavidGreeneRealEstate">David Greene Real Estate Youtube Channel</a></p><p><a href="https://www.keyglee.com/">KeyGlee</a></p><p><a href="https://funnyordie.com/">Funny or Die</a></p><p><a href="https://ucbcomedy.com/">Upright Citizens Brigade</a></p><p><a href="https://www.secondcity.com/">The Second City</a></p><p><a href="https://www.craigslist.org">Craigslist</a></p><p><a href="https://www.uhaul.com/">U-Haul</a></p><p><a href="https://thecomedystore.com/">The Comedy Store</a></p><p><a href="https://www.drhorton.com/">D.R Horton Company Website</a></p><p><a href="https://www.nbc.com/saturday-night-live">Saturday Night Live</a></p><p><a href="https://www.instagram.com/beardybrandon/">Brandon Turner's Instagram</a></p><p><strong>Connect with Jamil:</strong></p><p><a href="https://www.instagram.com/jdamji/">Jamil's Instagram</a></p><p><a href="https://www.youtube.com/c/JamilDamji">Jamil's YouTube Channel</a></p><p><br></p><p>Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-593</p>
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