Making $100,000 Profit In Their First Multi-Family Deal | AstroFlipping Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 21 March 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
Jamil Damji answers your biggest questions on this Wholesale Hotline (AstroFlipping Edition).
Show notes -- in this episode we'll cover:
- (0:13) - A House Tour With Multiple Buyers Will Become A Circus Unless You Do This...
- (4:50) - Commander Or Dictator -- Which One Are You?
- (8:50) - Making $100,000 Profit In First Multi Family Deal
- (12:40) - The Biggest Obstacle To Our Success
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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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🧑🚀 IG: https://www.instagram.com/jdamji/
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🧑🚀 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/
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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. |
| 0:11.0 | The deal that I'm currently under now, it was previously assigned, but unfortunately the buyer had to walk away because, and this was worked with another astro student, but the buyer had to walk away because and this was worked with another astros |
| 0:21.1 | student but the buyer had to walk away just because of complications with the 1031 exchange i guess |
| 0:25.8 | their selling property had fallen through so they obviously can't financially pull through |
| 0:30.9 | so getting it canceled now and obviously getting around to getting some more buyers in there |
| 0:36.1 | but the realtor that I got this deal from |
| 0:38.8 | is obviously under the assumption I'm the end buyer and I'm going to be closing on it. And the thing is, |
| 0:43.7 | it's a duplex both currently occupied. So obviously every single time we need a buyer in there. |
| 0:49.7 | We need to schedule. It's disruptive. Yeah. So we've gotten two buyers in there so far and at this point |
| 0:55.6 | tomorrow i have an appointment scheduled for now the third time so at this point i have a lot of buyers |
| 1:01.8 | interested and obviously i was kind of wanting to ask you what's the best course of action because |
| 1:07.1 | obviously i have a lot of buyers interested. I have an appointment created tomorrow. |
| 1:12.5 | So do you have them all come at the same time? |
| 1:14.6 | Gotcha. |
| 1:15.1 | I've done that before, especially in circumstances like you're just talking about right now. |
| 1:19.0 | But let me tell you this is going to be a zoo. |
| 1:21.0 | So you're going to need to preemptively prepare. |
| 1:24.3 | Okay. |
| 1:25.1 | Are your tenants going to be home when you get there? |
| 1:27.3 | I'm assuming worst case |
| 1:28.9 | scenario, yes, because they always have to have a 24 hour of notice all the time. So I'm assuming |
... |
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