Short‑Term Rentals vs. Housing Crisis | Astroflipping Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 23 July 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
In today's Wholesale Hotline (Astroflipping Edition) Jamil is joined by Zach Martin and Taylor Cobb to break down their story.
Today's episode is part of our Throwback Series where we re-air some of our most popular shows. This episode originally aired on 10/24/2023.
- Zach and Taylor's background and how they discovered real estate..
- How they went from insurance agents to real estate investors.
- Zach and Taylor breaks down a deal.
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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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🧑🚀 Tune in to Wholesale Hotline live on my YouTube every Monday 5pm MST
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🔌 PLUG IN & SUBSCRIBE 🔌
🔸 Jamil’s YouTube: https://www.youtube.com/c/JamilDamji/
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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. We want to know how we are doing. So give us a rating and leave us a review. Jamil here. And today we're going to talk about some interesting developments that are happening in the world of short-term rentals. You're probably wondering... Jamil, why are you talking about short-term rentals? Aren't you the co-living guy? And yeah, of course, I'm really interested in co-living, and I've been investing a ton into co-living. I've been doing that for a reason. The real reason is I used to be in the short-term rental business. I owned a lot of luxury short-term rentals, and when the |
| 0:38.7 | regulation started to pop up, it threw my business through a loop. There was a property that I |
| 0:43.3 | bought in Los Angeles, California. It was right on the ocean. 3-215 ocean front walk. Now, |
| 0:48.9 | imagine this, beautiful beachfront, ocean front home that I ended up buying at an incredible wholesale price, |
| 0:56.5 | under $2 million. |
| 0:57.7 | Now the goal, I wanted to buy the property. |
| 0:59.9 | I wanted to enjoy it. |
| 1:01.5 | So stay there whenever I had availability or time. |
| 1:04.5 | But I also wanted to rent it out. |
| 1:06.0 | And the reason I wanted to rent it out is I had seen that Airbnb would charge up to $2,000 a night, a night for a beachfront |
| 1:15.2 | property in the same area. Now, the property that I had just bought was a lot newer than the |
| 1:20.0 | properties that I was renting at $1,000 or $2,000 a night. So this could have been an incredible |
| 1:25.1 | opportunity for me to gain some pretty great cash flow. |
| 1:28.2 | And I closed on the property on December 19th of 2021. |
| 1:32.5 | And on January 1st, 2022, Airbnb changed all their rules. |
| 1:36.6 | And I was no longer allowed to rent that property as a short-term rental in Los Angeles County. |
| 1:42.1 | Now, as I've been looking at different markets to invest in and |
| 1:46.5 | different strategies to look at, I've been coming to Canada. And of course, I have family here and I live |
| 1:51.9 | in a home here that I recently purchased. And I've been looking at different investment opportunities. |
| 1:55.8 | And a little while ago, we looked at the ML Select program that CMHC is putting for new construction for the affordable |
| 2:03.3 | housing movement in Canada. And I believe that governments not only in the United States, |
| 2:08.3 | but also in Canada, are going to be more heavily favoring legislation and rules that will |
... |
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