Jamil Damji: How He Made Millions with Real Estate Wholesaling after Leaving Med School

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 6 April 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this inspiring interview, Jamil Damji shares his remarkable journey from a medical school dropout to a successful real estate entrepreneur. Growing up with immigrant parents in Canada, Jamil was expected to pursue a traditional W2 job, but his passion for entrepreneurship led him down a different path. Jamil discusses his first real estate deal and the valuable lessons he learned, as well as the challenges he faced during the 2008 housing crash. He also shares his experience in building a successful real estate wholesaling business and the decision to franchise it as The Wholesale Genie. Don't miss this incredible story of determination and resilience. Contact Jamil Youtube: @jamildamji IG: @jdamji A&E - Saturdays @ 10am - flipping houses on Triple Digit Flip Chapters: 00:00 - Intro 00:07 - Guest Intro 00:50 - Jamil Damji's Background and Start 07:35 - What Did Jamil's Parents Think About His Career Decisions? 09:35 - How Did Not Getting Into Medical School Effect Jamil Damji? 12:03 - After his First Real Estate Deal - What were the Next Steps for Jamil Damji? 16:19 - How Did Jamil Deal with Rejection While Cold Calling People? 17:52 - After Ruining Everything, What was Jamil's Next Step? 20:02 - Jamil Damji Realizes Comedy Isn't Paying the Bills 27:28 - What Makes a Successfull Wholeseller? 30:38 - When Did Jamil Realize he was Building a Business with "The Wholesale Genie"? 33:36 - How Has Wholeselling Changed since Jamil Started? 38:22 - What Mistakes Are Wholesellers Making These Days? 41:30 - Best Tip For Scaling A Business 43:30 - Jamil Damji's Best Habit For Success 44:58 - Book Reccomendations 48:50 - Get ahold of Jamil Damji 49:52 - Wrap Up We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/ #multifamilyinvesting #apartmentinvesing #multifamilysyndication #realestatetrends #investingstrategies #financialstrategies #personalfinance

Transcript

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0:00.0	Hello, ready. This Jake sends his name.
0:08.8	I host the Jake and Gino podcast.
0:10.0	Who am I co-host, a multifamily mentor, the coach, Chef, Father, Six,
0:12.3	the best-line author, The GEDdie.
0:15.0	Gino, Barbara, Gene, how's it going?
0:16.1	Jake, I'm doing great, brother. How you doing?
0:18.5	Always making it happen, big man. Today's guest is host of Annie's
0:23.3	Triple Digit Flip and internationally renowned real estate investor, entrepreneur, and podcast hosts.
0:31.0	The common thread in all of his activities is a profound commitment to teaching others how to invest
0:36.5	and profit in real estate in a smart,
0:39.6	strategic, and ethical way. So without further ado, Jamil Damgey, welcome to show.
0:45.2	Thank you, gentlemen. How are you today? Hey, we are always making it happen. It's our pleasure
0:49.5	to have you here. And let's get this kicked off. Let's hear a little bit about your background
0:55.0	and how you got started in business.
0:57.0	Awesome. So my background actually had nothing to do with real estate.
1:02.0	And when I first got in, I went to university and got a degree in physiology.
1:08.0	I'm of East Indian descent, and so I was born to be a doctor.
1:12.1	And my parents really groomed me to follow that career path.
1:21.2	And I, you know, I did, I actually walked those steps for many years, having gone to university, got a degree in physiology,
1:29.4	I took the medical school entrance exam, got all the way to an interview to go to medical
1:35.0	school and then I didn't make it. And so I had a real interesting crossroads in my life at that
1:42.6	point because I saw that someone else had the ability
	...

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