Astro Flipping Jamil Damji
Investor · Fort Myers, FL · Member since 2019 · 18 posts · 11 votes
Hi Everyone!
I'm checking out Jamil Damji's Astro Flipping coaching program. Anyone have experience with it or opinions?
I currently live outside the US and am planning to move back in a few years. I was waiting to start real estate investing until I'm back stateside but was listening to the BP podcast and heard an ad for Astro Flipping and started wondering if maybe I could wholesale while living abroad. Any input from experienced wholesalers is much appreciated.
Thanks a bunch!
Sherrie Tullsen-Chin
I've gotten more interested in learning wholesaling lately, thanks to Jamil's passionate promotion of the strategy on the On the Market podcast. I am planning to read his new BP book on wholesaling to better decide if it's really a good path for me to pursue, and then I may consider this program, too, (especially after Jennifer and Gordon's endorsements).
Thanks for this post that brought the program to my attention.
@Sherrie Tullsen-Chin I don't know Jamil Damji's Astro Flipping coaching program, but they're all similar. The real estate market is constantly shifting, and most coaching programs are outdated. You find here on BP tonnes of free RE advice; please save your money for investing in RE. Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble.
if you're a few years out before starting in the US with RE Investing, the best thing you can do is work on your credit and safe money and start establishing business credit with banks and credit unions here in the US
enjoy Panama, and good luck
Hi Everyone!
I'm checking out Jamil Damji's Astro Flipping coaching program. Anyone have experience with it or opinions?
I currently live outside the US and am planning to move back in a few years. I was waiting to start real estate investing until I'm back stateside but was listening to the BP podcast and heard an ad for Astro Flipping and started wondering if maybe I could wholesale while living abroad. Any input from experienced wholesalers is much appreciated.
Thanks a bunch!
Sherrie Tullsen-Chin
Hey Sherrie,
I don't know about any other mentor, but Jamil Damji has been the best mentor I could have ever been blessed with. It is amazing to be part of such a great community, as Astro. If you have any questions, or want to work together let me know.
I've gotten more interested in learning wholesaling lately, thanks to Jamil's passionate promotion of the strategy on the On the Market podcast. I am planning to read his new BP book on wholesaling to better decide if it's really a good path for me to pursue, and then I may consider this program, too, (especially after Jennifer and Gordon's endorsements).
Thanks for this post that brought the program to my attention.
Hey Sherrie,
I don't know about any other mentor, but Jamil Damji has been the best mentor I could have ever been blessed with. It is amazing to be part of such a great community, as Astro. If you have any questions, or want to work together let me know.
Thanks for sharing your experience Jennifer!
@Sherrie Tullsen-Chin I don't know Jamil Damji's Astro Flipping coaching program, but they're all similar. The real estate market is constantly shifting, and most coaching programs are outdated. You find here on BP tonnes of free RE advice; please save your money for investing in RE. Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble.
@Sherrie Tullsen-Chin I don't know Jamil Damji's Astro Flipping coaching program, but they're all similar. The real estate market is constantly shifting, and most coaching programs are outdated. You find here on BP tonnes of free RE advice; please save your money for investing in RE. Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble.
The best way to get started in REI is but treating it like a business, and you don't need 100K to start. Most start by analyzing deals and forget the fundamentals of every business, like getting a Tax ID, bank account later, Business Credit cards, and lines of credit. Setup all business tools like a CRM, MLS access or RE software suites a webpage digital business cards a Facebook business account. Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses. What counts most in RE are relationships, and this is as easy as going to RE meetups and adding every day just 1 new contact in your CRM, and following up every other month.
@Gordon Olson Thank you! This is the most thorough review and feedback I've seen!
@Sherrie Tullsen-Chin I don't know Jamil Damji's Astro Flipping coaching program, but they're all similar. The real estate market is constantly shifting, and most coaching programs are outdated. You find here on BP tonnes of free RE advice; please save your money for investing in RE. Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble.
The best way to get started in REI is but treating it like a business, and you don't need 100K to start. Most start by analyzing deals and forget the fundamentals of every business, like getting a Tax ID, bank account later, Business Credit cards, and lines of credit. Setup all business tools like a CRM, MLS access or RE software suites a webpage digital business cards a Facebook business account. Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses. What counts most in RE are relationships, and this is as easy as going to RE meetups and adding every day just 1 new contact in your CRM, and following up every other month.
That is gutsy Kai and I admire your willingness to take risks to get started. I have thought about using a credit card or line of credit but if the deal goes south...ouch. Better make sure it's a good deal and get lots of feedback from more experienced investors before you go for it. Good for you just getting started with your first flip that way. Of course markets change and the chances of a profitable flip have changed as well. Thanks for the ideas!
@Sherrie Tullsen-Chin I don't know Jamil Damji's Astro Flipping coaching program, but they're all similar. The real estate market is constantly shifting, and most coaching programs are outdated. You find here on BP tonnes of free RE advice; please save your money for investing in RE. Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble.
The best way to get started in REI is but treating it like a business, and you don't need 100K to start. Most start by analyzing deals and forget the fundamentals of every business, like getting a Tax ID, bank account later, Business Credit cards, and lines of credit. Setup all business tools like a CRM, MLS access or RE software suites a webpage digital business cards a Facebook business account. Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses. What counts most in RE are relationships, and this is as easy as going to RE meetups and adding every day just 1 new contact in your CRM, and following up every other month.
Kai,
I would applaud your idea that RE is relationship. All business is relationship. However, your unfortunate ultra conservative approach may work, but it won't work for all. There are ways for the smart, savoy, and willing to educate themselves fast, folks who want to build wealth in real estate to do it now and rather quickly as compared to most other industries. Provide some hope in your comments, rather than a longer and more fearful path.
John