197 - Who Got the Last Laugh? - Jamil Damji

Who got the last laugh in this story? Jamil Damji, a real estate
wholesaler and coach, shares how he was hit by the market
downturn, turned to comedy for a few years, then came back alive,
kickin’ and ready to crush the real estate game. He shares his
journey, information about his company KeyGlee, and how he
pivoted from media to real estate. Listen in to hear about
Jamil’s business partners - and hear what he learned about
himself when working with people much younger than him.


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Time Stamped Show Notes:


01:00 – Introducing Jamil, the president and co-founder of
KeyGlee and a real estate wholesaler

03:00 - In 2002 he owned a media company; they would call
business owners and ask if they wanted to buy a website

03:50 - He lost $100 with every sale; he overheard his
business partner talk about buying old houses in the inner city
and making a profit off them

04:50 - He wanted to get involved; he walked by a “For Rent
By Owner” house the next morning 

05:30 - He asked how much they’d sell it for and the woman
said $350,000; he went back to his business partner’s dad and he
said he’d buy it for $400,000

06:05 - He didn’t know how to quarterback the transaction; he
called an attorney who helped

07:30 - He was hooked on the business model; he started a
business finding building lots for builders and
buildings 

08:25 - His job connects the dots for people so they don’t
have to

09:00 - The crash of 2008

09:15 - He invested all his money in developments - and got
his family in on it, too; he bankrupted himself and his whole
family

09:30 - The whole family moved into a two-bedroom apartment;
they had to start over and he went to LA to become a
comedian

10:15 - After the crash, he went back into real estate by
starting at the bottom; he worked in comedy and made money from
sketches

12:00 – How KeyGlee came about

12:15 - He moved to Phoenix in 2012 and started getting
deals; he needed buyers and his business partners were smarter
than him

13:30 - He partnered with two young guys who have helped him
tremendously

14:20 – What’s next for KeyGlee; franchising is coming
soon

15:10 - How to contact Jamil: On Instagram 



3 Key Points
Be honest when doing assignment contracts.  Don’t
underestimate the whipper-snappers! Live in a world of abundance!