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Ethical Wholesaling and Making $47K Off One Phone Call

The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling. You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee. Now, Jamil runs one of the most respected wholesaling companies in the United States. He’s set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be. ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup?... ~~~~ Listen to Full Episodes of “On The Market” Starting April 11th: https://www.biggerpockets.com/podcasts ~~~~ Subscribe to The "On The Market" YouTube Channel:    / @bponthemarket   ~~~~ Grab Your Copy of The Classic “Rich Dad Poor Dad”: https://www.biggerpockets.com/richdad... ~~~~ The Newbie’s Guide to Wholesaling in 7 Simple Steps: https://www.biggerpockets.com/blog/ne... ~~~~ How to Build a $100K/Month Real Estate Wholesaling Business: https://www.biggerpockets.com/blog/bi... ~~~~ Learn More About KeyGlee: https://www.keyglee.com/ ~~~~ Connect with Jamil: Instagram: @jdamji or   / jdamji   YouTube:    / jamildamji   BiggerPockets: https://www.biggerpockets.com/users/j... ~~~~ Watch Triple Digit Flip with Jamil and Pace Morby: https://www.aetv.com/shows/triple-dig... ~~~~ Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok: Youtube:    / robuilt   Instagram:   / robuilt   TikTok:   / robuilto   ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/d... Rob: https://www.biggerpockets.com/users/r... ~~~~ Follow David on Instagram: @davidgreene24 or   / davidgreene24   Episode 593 Show notes at: https://www.biggerpockets.com/blog/re... 00:00 Intro 04:10 Quick Tip 05:12 Join Jamil "On The Market" 09:10 Accidentally Making $47K from One Phone Call 19:33 Losing it All and Starting from Scratch 23:50 What if Wholesaling Becomes Illegal? 34:07 The Ethical Wholesaler 52:20 How to Find "Win-Win" Wholesale Deals 01:04:28 Deal Deep Dive 01:07:22 Famous Four