593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji

<p>The words “<strong>ethical</strong>” and “<a href="https://www.biggerpockets.com/blog/newbie-guide-to-wholesaling" rel="noopener noreferrer" target="_blank"><strong>wholesaling</strong></a>” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as <strong>deceptive</strong>, <strong>hard to read</strong>, and for the most part just <strong>looking to make a quick buck</strong>. While this may be true for many new wholesalers, it's far from the truth for <strong>Jamil Damji</strong>. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.</p><p>You could say Jamil was made to be a wholesaler. He had hustle, <a href="https://www.biggerpockets.com/blog/cold-calling-techniques-that-really-work" rel="noopener noreferrer" target="_blank">cold calling</a> skills, and the will to succeed after being<strong> rejected from medical school</strong> simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After <strong>overhearing a discussion about a real estate deal </strong>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<strong> walked away with a $47,000 </strong><a href="https://www.biggerpockets.com/blog/contract-assignment" rel="noopener noreferrer" target="_blank"><strong>assignment fee</strong></a>.</p><p>Now, Jamil runs one of the most respected wholesaling companies in the United States.<strong> He’s set up an “everyone wins” style of wholesaling</strong> 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 <strong>Jamil and his team do sixty to