Comp Like a Pro -- Jamil Comps Real Estate - 2023 | AstroFlipping Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 29 August 2023
β±οΈ 16 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Today on Wholesale Hotline (AstroFlipping Edition), Jamil Damji gives us updates for comping in 2023.
Show notes -- in this episode we'll cover:
- How to properly use comps in 2023.
- How to determine what a house is worth.
- What to NOT DO when comping in 2023.
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βοΈ Welcome to Wholesale Hotline & Astro Flipping breakoutππ¨βπππ¨βπ! βοΈ
Jamil has been in real estate since 2002, since then he mastered the art of Wholesaling Real Estate. He successfully built KeyGlee, which is now a National Franchise with over 100+ employees, spanning 180 US markets.
Jamil also runs a mentorship called Astro Flipping where he mentors and educates hundreds of entrepreneurs on how they can be successful in their own Wholesaling business.
He is also the host/star of his own TV show on a nationwide television network, A&E. Triple Digit Flip showcases Jamil, his sister Rahima, best friend Pace, and their real estate agent Laura wholesaling and flipping houses all over Arizona.
Jamil is also the co-host of the fastest growing podcast on Wholesale Real estate called βWholesale Hotline.β Additionally, he started his own podcast called βTo the Moonβ where he highlights student success. Above all things listed about Jamil, his mission in life is to impact as many lives as possible, and share the knowledge he has with those that have a desire to learn.
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π² USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS:Β https://shor.by/Sot6
π Learn from Jamil π
π§βπ IG:Β https://www.instagram.com/jdamji/
π§βπ Facebook:Β https://www.facebook.com/jamil.damji
π§βπ Dive into Jamil's Mentorship:Β https://go.astroflipping.com/1-case-study?utm_source=youtube&utm_medium=organic
π§βπ Book a call with my Astro team: https://go.astroflipping.com/schedule?utm_source=youtube&utm_medium=organic
π§βπ YouTube Channel:Β Β https://www.youtube.com/channel/UCDqJP0mZNOSR9JiIRE02NxQ
π§βπ Tune in to Wholesale Hotline live on my YouTube every Monday 5pm MST
π§βπ My AWESOME Dispo Company:Β https://www.keyglee.com/
π§βπ JOIN KEYGLEE FRANCHISE:Β https://my.keygleefranchise.com
π§βπ 7 day FREE trail with 5,000 FREE property records:Β https://batchleads.io/jamil
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π§βπ 50 FREE skip traces:Β https://batchdriven.com/jamil
π§βπ FREE TRIAL on Propstream using this link:Β https://trial.propstreampro.com/runmycomps/
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π PLUG IN & SUBSCRIBE π
πΈ Jamilβs YouTube: https://www.youtube.com/c/JamilDamji/
πΉ Jamilβs IG: https://www.instagram.com/jdamji/
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π€ #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 Β π€
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You are listening to an astro-flipping breakout with me, Jamil Damgey, on the Wholesale Hotline podcast. |
| 0:08.0 | We want to know how we are doing, so give us a rating and leave us a review. |
| 0:13.0 | You know the theory of comping, but you really want to watch someone do it. |
| 0:16.4 | So I'm actually going to comp three properties that I actually pre-selected. And we're going to get an opportunity for you to watch exactly what I do. Now, I'm following all the appraisal rules. This is really important for you to understand because if you don't comp properties right, you're going to die. No, you're actually not going to die, but you're going to end up canceling deals. You're going to really piss off sellers and you're going to burn relationships with real estate agents. So don't let that happen. And don't die. Okay? So you're going to see exactly how I comp and let's get started. Okay. Now, guys, I could mess this up, right? Because I'm about 99.999-9009% accurate. but there's that 1% 0.11111.1.0.0% chance that I get it wrong. |
| 0:58.9 | And if I do, I want you guys to call me out on it. So if you get a different ARV than I do |
| 1:04.5 | on these three properties, leave me a comment. Or if you agree with my ARV, also leave me a comment. |
| 1:10.8 | Or if you're just like, bro, this is boring. Leave me a comment. Or if you agree with my ARV, also leave me a comment. Or if you're just like, bro, this is boring. |
| 1:12.6 | Leave me a comment. |
| 1:13.6 | Or if you love this, then leave me a comment and let me know how much you appreciated this and I'll just do a bunch more. |
| 1:19.6 | I've done over 6,000 wholesale transactions and I comp like a motherfucking pro, which is why you're watching me do this. |
| 1:25.6 | So let's get started. |
| 1:32.4 | We're going to comp two houses in Phoenix and one in Florida, just to kind of give you guys an idea of how this all works. And if you want to know what software I'm using, I am using Privy. |
| 1:37.5 | It's, in my opinion, the best comping software out there. They tie in to MLS data, which means |
| 1:44.0 | in most markets, not all of them |
| 1:45.9 | in most markets. So occasionally I have to go to Zillow, but Privy, by far, one of the most |
| 1:51.1 | incredible comping tools. And you can actually test it out and get a discount for doing so. |
| 1:55.9 | If you go to run privy.com, that's run privy.com. Use code Damjee5. |
| 2:01.6 | That's my last name, D-A-M-J-I, and the number five, and you'll get 20% off. |
| 2:05.6 | Cool. |
| 2:06.6 | So let's comp our first house. |
| 2:08.6 | So this one is in West Phoenix, 4401 West El Camino Drive. |
| 2:16.6 | Cool. All right, so here we've got, oh, it doesn't show us how many bedrooms it is, but it's 1845 square feet, two bath. I'm going to assume it's either a three or a four bed. For 1845 square feet, it's definitely not a two. So it's going to be a three or four bedroom. So I'm going to assume that. |
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