WCI #319: Wholesaling and Flipping Real Estate with Jamil Damji
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 15 June 2023
⏱️ 50 minutes
🧾️ Download transcript
Summary
Our guest today is Jamil Damji who is a co-host of the BiggerPockets On the Market podcast and the author of How to Wholesale Real Estate: The No Cash Strategy to Build a Scalable Business. He is a co-founder of KeyGlee, which helps real estate investors find properties and is the founder of Astroflipping. He hosted Triple Digit Flip on A&E. Today Dr. Dahle and Mr. Damji get into the details of what wholesaling and flipping is, how to get into it and who it is and is not right for.
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the White Coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:16.0 | This White Coat Investor Podcast number 319 will say, link in flipping real estate with Jamil Damjee. |
| 0:22.0 | Today's episode is brought to us by SoFi, the folks who help you get your money right. |
| 0:26.0 | They've got exclusive rates and offers to help medical professionals like you and it comes to refinancing your student loans. |
| 0:31.0 | That could end up saving you thousands of dollars. |
| 0:33.0 | SoFi offers competitive rates and the ability to whittle down your payments to just $100 a month while you're still in training. |
| 0:40.0 | Our Deado Presidency, SoFi's got you covered there too, with great rates that could help you save money and get on the road to finding tough freedom. |
| 0:46.0 | Check out their payment plans and interest rates at sofi.com slash White Coat Investor. |
| 0:51.0 | SoFi student loans originated by SoFi Bank and a member FDIC, additional terms and conditions may apply and MLS 696891. |
| 0:58.0 | All right, I'm just coming back from a couple of trips. |
| 1:02.0 | It may is a crazy month for me and that's when we're recording this. |
| 1:06.0 | I know you guys aren't listening to it until June, but we're recording this in May. |
| 1:11.0 | And May, I've been looking forward to for a long time because we had three trips in May. |
| 1:16.0 | So all of my work for May, both my shifts and WCI work got compressed into basically one week of the month. |
| 1:23.0 | And it's been a crazy week because I'm also trying to train an upcoming trip to go climb half-dome. |
| 1:29.0 | Maybe done with that by the time you listen to this. |
| 1:32.0 | But just got back from a great trip floating on the Salt River in Arizona. |
| 1:36.0 | Really a gem of a river. Nobody knows about it. |
| 1:39.0 | It only runs for a few months a year. |
| 1:41.0 | Some years it really doesn't run big enough for rafts to go down at all. |
| 1:45.0 | But this year with our great snow year in the west with a spectacular also had the experience of flipping my raft for the first time. |
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