How I Almost Lost $500K To A Real Estate Wholesale Scam | Astroflipping Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 4 June 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
In today's Wholesale Hotline (Astroflipping Edition) Jamil breaks down a solution for one of the biggest problems in real estate...reliable contractors.
Show notes -- in this episode we'll cover:
- Jamil shares why finding reliable contractors has been one of the costliest pain points in his 20+ year investing career—losing over $150K to no-shows, bad work, and runaway deposits.
- Why attaching real, fast-turnaround contractor bids to your wholesale deals instantly builds buyer trust, improves credibility, and helps renegotiate more effectively—especially when time is tight.
- How QuickFlip supports wholesalers with a free quoting service, AI-powered renderings, and even revenue share opportunities, turning your construction headaches into new income streams.
- Full behind-the-scenes look at Jamil’s $440K co-living construction deal: from permits and architectural plans to using QuickFlip’s team for a zero-money-down infinite return project cash flowing $3,000/month.
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☎️ Welcome to Wholesale Hotline & Astro Flipping breakout🚀👨🚀🚀👨🚀! ☎️
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 “Wholesale Hotline.” Additionally, he started his own podcast called “To the Moon” 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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🚀 Learn from Jamil 🚀
🧑🚀 IG: https://www.instagram.com/jdamji/
🧑🚀 Facebook: https://www.facebook.com/jamil.damji
🧑🚀 Dive into Jamil's Mentorship: https://go.astroflipping.com/1-case-study?utm_source=youtube&utm_medium=organic
🧑🚀 Book a call with my Astro team: https://go.astroflipping.com/schedule?utm_source=youtube&utm_medium=organic
🧑🚀 YouTube Channel: https://www.youtube.com/channel/UCDqJP0mZNOSR9JiIRE02NxQ
🧑🚀 Tune in to Wholesale Hotline live on my YouTube every Monday 5pm MST
🧑🚀 My AWESOME Dispo Company: https://www.keyglee.com/
🧑🚀 JOIN KEYGLEE FRANCHISE: https://my.keygleefranchise.com
🧑🚀 7 day FREE trail with 5,000 FREE property records: https://batchleads.io/jamil
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🔌 PLUG IN & SUBSCRIBE 🔌
🔸 Jamil’s YouTube: https://www.youtube.com/c/JamilDamji/
🔹 Jamil’s IG: https://www.instagram.com/jdamji/
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🤝 #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 🤝
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 | Jamil Damjee here and holy moly, I have a story to share with you guys today. |
| 0:19.0 | Now, we understand that the economy right now is a little bit, |
| 0:22.5 | and let's just say not ideal. And when things get hard financially, that's when the real blood |
| 0:28.1 | suckers come out from under their little rocks. And today I've got a story on how a very, very, very, |
| 0:34.1 | very good friend of mine in the astral flipping community, who has been with me for a couple of years, been rocking and rolling in Chicago, probably one of the nicest guys that I've had the pleasure of getting to know in the community. |
| 0:47.3 | And this story is all about how he got a wholesale deal and got himself into a situation where a $500,000 fraud took place |
| 0:59.9 | unchecked by the title company and he was almost on the hook for the entire thing. |
| 1:05.2 | And friends, this can happen to you. |
| 1:07.7 | There are things that you're going to notice that you could do differently and |
| 1:12.1 | ways to protect yourself that you'll learn throughout this call. And so I'm going to bring on my |
| 1:17.3 | buddy, my friend from the astroflipping community, Mr. Jeff Maude. |
| 1:28.3 | Hey, Jamil, how are you doing? Oh, bro, I'm doing so good. |
| 1:31.3 | I've got to say, man, I was in shock. |
| 1:34.3 | I was in shock. |
| 1:35.3 | I saw you make a post about a couple of weeks ago about a deal that you've been working on. |
| 1:40.3 | And I know that your intention on making that post was to save other people from potentially finding them in the same situation as you. |
| 1:48.3 | And, you know, the last couple of months, I've made way too many videos on this channel about fraud in wholesale. |
| 1:54.9 | And here we are. |
| 1:56.6 | Another within the last, this will be the third video. |
| 2:00.0 | This will be the third installment in fraud practices |
... |
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