Jamil Damji’s Astroflipping Review: Real Estate Wholesaling Strategies, Pros, Cons, and Alternatives

What Are the Pros and Cons Astroflipping?

Who Is Astroflipping Mentoring Course For?

• Anyone new who wants to have their own real estate business.
• Current flippers, wholesalers, and real estate investors who want to scale their business.

How Do You Make Money With Astroflipping?

Real estate is a full-time job if you want to achieve financial success. You have to constantly look for properties to invest in. The capital for such ventures is very high and may only yield low ROI for the amount of work done. The upside is that real estate values constantly rises and rarely declines.

There are 3 real estate investing strategies. These are:

1. Flipping
2. Wholesaling
3. Long-term buy and hold

Long-term buy and hold simply means buying a property and waiting for the value to rise before selling it. Flipping is when you buy a property below 70% of its after-repair value, renovate it, and resell it for a profit. Both methods require a huge amount of capital to invest.

Wholesaling is a short-term investment method. With wholesaling, you would contract homes to a buyer at a higher price than what the seller is offering. Effectively acting as a middleman, you get to keep the difference as your profit.

One thing different that Astroflipping teaches is what can be called as co-wholesaling. How this works is as follows:

1. Find wholesalers with dead leads.
2. Reach an agreement with the wholesaler to lower the price for you in exchange for finding them a cash buyer.
3. Send this deal to cash buyers in the area for an amount slightly above the selling price.
4. Repeat several times to have multiple properties to close per month.

With this method; you don’t have to compete with other wholesalers, or even require any capital to buy property. The idea is you get to keep a profit from helping other wholesalers close a deal. Co-wholesaling works better in areas with plenty of competition, as it gives you plenty of wholesalers with dead deals to contact.

Here’s an example:

A wholesale deal costs $90k. You convince the wholesaler to lower the price to $85k. You find a buyer to get the deal at $88k. Closing this sale will make you $3k in profits investing no capital. While this method sounds easy, it is easier said than done.

If you choose to work as a solo wholesaler, then you’ll need to locate potential sellers. Here are 5 ways of acquiring properties:

1. Reviewing local MLS listings.
2. Driving through neighborhoods to locate distressed property.
3. Contacting a real estate agent to locate sellers.
4. Cold calling homeowners of potential properties.
5. Locating distressed property through google maps satellite view. These are identified by indicators such as piles of trash, broken cars, overgrown vegetation, etc.

What’s Included in the Astroflipping Mentorship?

The Astroflipping mentorship program is available in 2 variants (Astro Accelerator, and Astro Accelerator Executive). The variants only differ in what’s included in the package.

Astro Accelerator - perfect if you are a first time real estate investor, or if you are a current real estate business owner who wishes to reach 6-7 figure income. This package includes:

• 6 week training course.
• 78 step-by-step videos.
• Downloadable contracts.
• Access to an active real estate community.
• Lifetime access.
• 2 weekly group training calls for 6 months.
• Live comping assistant to run comps.

Astro Accelerator Executive- if you are a real estate business owner who wishes to scale your business to 7-8 figures.

• 7 week training course.
• 88 step-by-step videos.
• Downloadable contracts.
• Access to an active real estate community.
• Lifetime access.
• 2 weekly group training calls for 6 months.
• Live comping assistant to run comps.
• 2 custom websites made for you.
• Customer relationship management setup.
• Workflow automation training.
• Team build-out and organization training.
• 9 live calls per month with Jamil Damji.

Astroflipping has an active Facebook support group for students. The main Facebook group has 12k members. The Elite Facebook group has 3.5k members.

How Much Does Astroflipping Cost?

Unfortunately, Astroflipping does not have transparency with its price. The price is only given after booking and talking with the sales agent.

The most commonly reported price is that the price can range anywhere from $5,800 to $7,500. This price also depends on the time of the year and the payment plans.

Who Are Jamil Damji and Josiah Grimes?

Jamil Damji and Josiah Grimes are 2 of the 4 co-founders of KeyGlee LLC founded in Temple, Arizona in 2017. With over 5000 deals made under their belt, the company claims to be the number 1 real estate wholesaling company in the United States. KeyGlee is a national franchise spanning 180 US markets among 25 states.

Who Is Jamil Damji?

Jamil Damji has been in the real estate industry since 2002. You’d probably recognize him on his numerous cringy YouTube ads. Jamil is a co-founder and the CBDO of KeyGlee investments. From Calgary, Alberta, Canada, Jamil has a bachelor in Science with a specialization in kinesiology. He usually catered to expats in Dubai/UAE. Before founding KeyGlee, Jamil used to sell one or two properties a month. Now they close 60-80 deals a month.

Jamil is active on social media. He has a YouTube page as of March 2020 with 19.3k subscriptions and over 700 uploaded videos to date. He constantly posts Q&As, updates on the wholesaling industry, motivational videos, and basic tutorials on real estate wholesaling on his YouTube channel.

Jamil Damji also stars on a A&E original series called Triple Digit Flip. It has a 7.4/10 IMBD rating. The show follows Jamil and company in flipping houses in Phoenix, Arizona. Based on the TV show, Jamil and the other cast of the show have a 7-day Flip Me Challenge. For the price of $47, you get access to a 20 lesson course spanning 3 hours and 40 minutes. This course contains a blueprint of the tools and tips needed to fix and flip.

Who Is Josiah Grimes?

Like Jamil, Josiah has been in the real estate industry since 2002. He is a co-founder and CEO of KeyGlee investments. From Chandler, Arizona, Josiah has a bachelor in finance from W.P. Carey School of Business. Josiah is also the CEO and co-founder of New Reach Education.

Joined SRL Group as a realtor in 2012. Became an operations manager for Sell Quick For Cash in 2013. Founding partner of Aptus Investments and Atlas Wholesale Homes.

Josiah manages the Astroflipping YouTube page which has 1.81k subscriptions and 16 videos to date. The videos uploaded are case studies, tutorials for apps and online tools, help with legal issues such as contracts and taxes.

Josiah has been featured in the real estate channel HGTV and The Dave Ramsey show. Josiah also authored a book that he offers for free called “Wholesale Abundance”. The book contains the story and strategies that Josiah employed to make KeyGlee successful.

Do Students of Astroflipping Actually Make Money?

How effective is the course? Do Astroflipping students actually achieve the success that the course is promoting? There are several of both positive and negative reviews of the course found throughout the web.

Students of the course who review it positively mention no specifics on their reviews. There is a lack of figures and specifics on the success stories of the course. Negative reviews come from the over-hype the course sells, its methods, and the steep price tag.

These two reviews are from two students who, from their comment, appear to use the co-wholesaling method to make a product. We’ll talk more about how co-wholesaling works further down the article.

These two reviews criticize the false advertising of the program and states that other similar courses all use the same system to get leads.

This review complains about the steep price tag and the multiple upsells in the program.

Javier and Natalia- Astroflipping Students Share How They Make $30K Monthly

Javier and Natalia’s Background and Story

Javier transitioned to wholesale real estate in 2020 so he can spend more time with his family, especially with a new baby on the way. He tried other online jobs like Amazon FBA, but found real estate more profitable and got into it through AstroFlipping. Natalia was a college undergrad. She was interested in real estate because her father was a successful landlord. At first, she was skeptical about joining Astroflipping because she was battling depression. Her family also didn’t like the career shift.

How Javier and Natalia Are Currently Doing

Javier joined the AstroFlipping community 11 months ago, and Natalia has been a member for about a year and a half. They began their partnership in February 2023 and are already 1 year in the venture. The business currently makes $30K monthly, a significant milestone in their wholesaling journey.

Top Lessons Learned on the Biggest Challenges They Faced

Overcoming Personal Challenges: Javier faced skepticism from family and had to balance his new career with being a father and dealing with manual labor work. Natalia overcame her depressive state by introspection, journaling, meditation, and reevaluating her life goals.

Dealing with Failure: Both emphasized the importance of viewing setbacks not as failures but as learning opportunities. They stressed the need to stay persistent. Natalia specifically notes that she took longer to achieve her first deal, but remained resilient.

Mindset Shifts: Both learned to see themselves as artists of their own lives, with the power to shape their destinies. They discussed the realization that college or traditional paths aren’t always necessary for success.

What’s not mentioned in the interview: Javier and Natalia claims to make $30K monthly in their real estate wholesaling business. However, they did not specify if they’re referring to net revenue or gross income. The typical profit margin in wholesale real estate (often called wholesale fee) is 5% to 10%. In Javier and Natalia’s case, their net monthly profit could only be $1,500 to $3,000. The computation is based on average industry values.

Risks Involved With Real Estate Wholesaling?

Real estate wholesaling, like all other business models, comes with its own risks and rewards. You can do real estate wholesaling with no capital, but that doesn’t mean it’s free of risks.

Risks of real estate wholesaling:

• No guaranteed income - Like anyone who works in real estate, no sale means no commission. Since you work for yourself, you don’t have a regular salary, insurance, and other benefits an employee would receive from a company.
• Legalities - It is very important to know the requirements and regulations of the area where you do business. Every state, and sometimes even towns and counties, has their own regulations and requirements. Violating these may see you behind bars or have you facing hefty fines.
• Contracts - Usually, a contract with a seller would have a time stipulation. If you don’t sell the property within the allotted time, the contract will expire.
• Lack of buyers - It is important to have a list of buyers in real estate wholesaling. You also need to know the preferences of each of your buyers to effectively make a favorable deal when a matching property comes on sale.
• Deal failure - As long as the deal is not closed, it is not a guaranteed sale. A buyer can always back out at the last minute. Unforeseen natural disasters may also affect the property which affects the deal.

What Are the Astroflipping Alternatives?

The Sanya Method by Adura Sanya is an online training program that teaches you how to implement targeted advertising that will help you grow your wholesale real estate business to where you close 5 to 10 deal every month. After joining this program, you are given access to the private Facebook group and Adura hosts live coaching calls for his students for Q&A and support.

Price: The Sanya Method costs $997.

More Info: The Sanya Method Review

Home Flipping Workshop by Glenn and Amber Schworm is a three-day workshop that will teach you their system on how to earn money from house flipping.

Price: Home Flipping Workshop costs $59.

More Info: Home Flipping Workshop Review

Final Verdict: Is Astroflipping ‌Good for Aspiring Real Estate Wholesalers?

Astroflipping is not good for most aspiring real estate wholesalers because the business model it teaches still requires time-intensive lead generation, negotiation skills, and market knowledge that most beginners lack. The complex process of wholesaling makes it difficult for newcomers to see results quickly. Those already working in real estate may find value, but true beginners could struggle to keep up with the level of commitment and risk involved.

Is Local Lead Generation Easier to Scale Than Real Estate Wholesaling?

In my opinion, local lead generation is easier to scale than real estate wholesaling because it doesn’t rely on contracts, buyer lists, or state-by-state regulations. It also costs a fraction of what you’ll need to start wholesaling property.

Comparing real estate wholesaling to local lead generation is like Regeneron International Science and Engineering Fair qualifiers versus Golden Gate Park. Regeneron ISEF qualifiers demand constant submissions, travel, and judging rounds. Miss a cycle and you’re off the board. Wholesaling requires nonstop calls, texts, and follow-ups just to keep deals alive. Golden Gate Park provides steady access once the paths and signage were put in place. Local lead generation behaves the same after setup where leads keep coming with minimal effort, no ad spend.

Why Is Local Lead Generation Better for Consistent Income?

Local lead generation is better for consistent income because it builds long-term digital assets that generate leads for small businesses month after month. Unlike real estate wholesaling, you don’t have to chase contracts, worry about legal deadlines, or depend on other investors to close deals. Once your websites rank, they become hands-free income sources that continue to pay you passively.

A client of mine is Dekalb Elite Roofing, 2514 Sycamore Rd DeKalb, IL 60115, 815-551-0066, https://dekalbeliteroofing.com/. I earned $3,750 from 5% commissions when 5 of my leads closed for $75,000 in a month.

If you’re ready to build a business that doesn’t rely on unpredictable deals or heavy regulation, explore how local lead generation can help you create stable monthly income online.