Reacting to the Funniest Real Estate Reels!

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Episode Transcript

Speaker 1 (00:05):
what's up, guys?
Welcome back to the king closerreacts.
I am the king closer.
Rj bates the third.
And today is one of thegreatest days ever because it is
my baby girl, serenity janebates, eighth birthday.
Happy birthday, baby girl.
Today we're going to bereacting to some of these silly

(00:28):
ass wholesaling shorts, reels,tiktoks.
See if I agree or disagree withthe takes.
Let's get into the first video.

Speaker 2 (00:36):
What states do you tell people absolutely do not
buy Section 8 in these statesCalifornia and why it's not
landlord friendly?
Yeah.

Speaker 3 (00:43):
You're not going to net anything New York?
Does it make sense?
There's no cash flow, Just theblue states.
Overall, I generally try toavoid.
Even if the property cash flows, why would I buy there?
Yeah, it takes six, seven,eight months to be able to evict
the tenant.
If I buy in Ohio, for example,we could put the eviction notice
up five-day eviction we couldtake it to the courthouse so we
can get it about within two,three weeks listen.

Speaker 1 (01:09):
I I can't take the little baby video serious.
I this little baby's like I'mgonna evict your ass in five
days up in ohio.
Uh, get into the actual contentof it, even though it's really
hard to actually see the actualcontent.
I agree, pretty much everyliberal state out there is

(01:33):
pretty rough when it comes tobeing a landlord and I've talked
about this several times hereon King Closer Reacts.
It doesn't make sense why thesestates have these laws where
it's you know two, three monthsSometimes.
I mean we've even had on herewhere we're talking about in
Maryland, where we have peopleon Instagram creating Instagram

(01:54):
accounts teaching people howthey can be squatters and rip
off landlords.
Why would you want that?
That's what I don't understand.
So I agree, if you are decidingthat you want to become a
landlord, I would definitely payattention to those red states.

Speaker 2 (02:11):
Wholesaling is banned in Illinois, pennsylvania,
nebraska, alabama and now SouthCarolina.
So what does this mean for thefuture of wholesaling?
Absolutely nothing.
This is all just a way to scarepeople out of the industry, and
for the weak mind it alreadyworked.
They went back to the nine tofive, hated their life and
leaving more money on the tablefor me and my students.

(02:33):
You see, wholesaling is actuallya billion dollar industry that
isn't going away overnight, withover 5 million distressed
property owners every singleyear and over 1.6 million
investors looking for their nextdeal.
As long as we have a seller andan investor in need,
wholesaling can never die.
The only thing that will changeis your strategy to find your

(02:55):
next deal.
Over the past few years, we'veseen strategies come and go from
driving for dollars to directmail, to bandit signs and even
calling Zillow listings.
The way you survive in thisindustry is adapting while the
market is behind, and that's whydigital real estate is crushing
it right now, I mean me and mystudents are locking up

(03:16):
contracts back to back.
So if you want to avoid gettingleft behind and want a little
bit of guidance on how towholesale deals digitally from
home, shoot me a DM and I'llshow you the way.

Speaker 1 (03:28):
First of all, I love this kid.
He's got the sauce right there.
We've had him on here a coupleof times.
His stuff's good and for thatbeing like a sales pitchy reel,
which every now and then we haveto do, and personally for me
they're always kind of likecringe, like I throw up in my
mouth a little bit after I dothem.

(03:48):
But we have to do it right.
It's how we feed our familiesright.
We were running a businessright.
I got to take care of my team.
I got to get more people tojoin TU.
That was really good.
The hook was great with awholesalers being banned because
, again, it's not being banned,but there are regulations that
are coming down and it doesscare people away from doing

(04:10):
deals in Nebraska and SouthCarolina and Illinois and all
these other places.
But to his point and Icompletely agree with this, it's
not that wholesaling is dyingin these states.
It's just that we have to pivotand we have to adapt to what
the regulations are mandatingthat we can and can't do.
A lot of times it's either youhave to become licensed, work

(04:33):
with someone that's licensed orhave disclosures.
That is the main thing thatthese regulations are bringing
down and giving more power tothe sellers.
Guess how you get over that.
Transparency, authenticityactually get sellers to want to
work with you instead of tryingto play mind games like the rest
of our weak-ass competition.

Speaker 5 (04:54):
Nick, the Tampa market is it oversaturated or do
we have some opportunity here?
There's definitely a lot ofknuckleheads in this business
and in this market specifically,but there is a lot of
opportunity.

Speaker 1 (05:09):
And especially the way that this market is going.

Speaker 5 (05:10):
It's going to continue to push bad actors out
to where the people that aredoing ethical business and build
a brand and a reputation.
They're going to clean up inthe markets to come and they're
going to maintain in the marketthat we're in right now.
The rest of the people, thepeople that are over-promising,
under-delivering and trying tobe deceptive with sellers six
months from now they're going tobe working at Amazon.

Speaker 1 (05:28):
I mean, I agree.
Obviously you guys know I don'tbelieve in the deceiving
sellers and all that.
But what I will say is I don'tknow who Nick is, but I'm
challenging him to a game ofgolf.
I'll be in Tampa in September.
Brother, you were 10 over andyou were cutting a reel right
there.
All I'm saying, jordan, when wecut our video, we made sure we

(05:49):
made par baby.
We were even on that hole right.
We ain't doing no 10 overbullshit.
Yeah, nick, I got you on thecourse.
Anytime you want, baby, I'll bein Tampa in September.
We'll see you then.

Speaker 6 (06:01):
Like at that point, that kind of the straw that
broke the camel's back for mewas we bought a deal in Philly
from a wholesaler that was undercontract with another
wholesaler.
So it was like guy number onemade $40,000.
Guy number two made $80,000.

Speaker 4 (06:17):
And the seller got whatever.

Speaker 6 (06:19):
And the deal was still a good deal for me.
So, and then the seller gotwhatever and the deal was still
a good deal for me, so I didn'tbitch or complain.
It's like, hey, you guys madeyour money.
But it was impossible to lookat that and be like man, I'm
about to do this giant rehab andI'm like at that point that
kind of the straw that broke thecamel's back for me was we
bought a deal in Philly from awholesaler that was under

(06:39):
contract with another.

Speaker 1 (06:42):
I don't know what he's trying to say here.
Like you run your numbers, youjust said it's a good deal.
Once you found out that thewholesalers made $120,000, that
broke the camel's back.
That was the straw that brokethe camel's back.
Why?
Because you weren't going tomake $120,000.
Maybe that's what he was saying.

(07:04):
Now that I'm going to get intowholesaling because I'm going to
go do this giant rehab Now Iwasn't going to make that much
money.
Well, for one, you're the endbuyer.
You have all of the power.
You don't have to actually buythe deal.
But if it was a good deal andit was a deal that you wanted to
buy and you would buy day inand day out that's what you were
looking for then kudos to thosewholesalers for one, solving

(07:27):
the seller's problem andproviding exactly what your end
buyer wanted, which is a dealthat he bought, and also for
making $120,000.
I don't think there's anythingwrong with that.
Also, could hear the podcasthost in the background go oh,
there was two wholesalersinvolved.
Listen, I actually teach peopleinside of Titanium University.

(07:47):
When you get started, you needto be focused solely on
acquisitions and then JV withanother TU member for
dispositions so you can staylaser focused.
So one that seller gets takencare of, the deal gets moved,
the dispositions people alreadyhave the relationship with that

(08:08):
guy, the end buyer, so you don'ttake your foot off the gas
pedal.
Help more sellers.
There's nothing wrong withhaving multiple wholesalers
involved.
It doesn't mean it's a daisychain deal.
It can just be literally howtheir wholesale businesses are
set up and leveraging thecommunities that they're in.
So I don't know, I don't lovethe attitude in there when it's

(08:30):
like, oh, one guy made 40,another guy made 80.
It's like, listen, that couldjust be the way that they want
to run their business andthere's absolutely nothing wrong
with that.

Speaker 4 (08:41):
If you're still wholesaling like it's 2020,
you're probably struggling toclose deals.
Here's what's working in 2025and what you need to stop doing.
The game has changed.
Sellers are smarter, buyers arepickier and the market isn't as
forgiving.
But if you adjust, you'llthrive.
First, stop relying on masscold calling alone.

(09:02):
Ai-driven lead gen strategic JVpartnerships and inbound
marketing are the future.
Second, focus on real solutionsfor sellers.
They don't just want a cashoffer, they want options.
Be the investor who understandscreative financing, innovations
and subject to deals.
Third, build real relationshipswith buyers.

(09:24):
You're not just selling acontract.
You're solving an investor'sproblem.
The stronger your connections,the easier it is to dispo deals.
Wholesaling is alive and wellin 2025, but only if you evolve
with it.
Want more details on how towholesale profitably this year?
Drop 2025 in the comments downbelow.

Speaker 1 (09:45):
All right, so I like his takes.
Obviously, lead generation haschanged since 2020, right, mass,
cold calling, mass texting thatwas the big deal.
Now, a lot more inboundstrategies.
When it comes to the optionsfor sellers, I do agree with
this.
Listen, I'm the guy that'salways talking about the hedge
fund concept.
However, I do believe there ispower in doing novations,

(10:07):
understanding current marketvalue and doing whole tails.
Understanding creative finance,like seller finance and sub
twos, are extremely powerful.
As a newer wholesaler, though,do not get lost in thinking that
you have to understand all ofthose strategies right out of
the gates.
You can leverage, like he said,strategic JV partnerships of

(10:29):
people that are already doingthose and have that as their
main business structure, andthen finally, building a
relationship with your endbuyers.
I don't think that's changedsince 2020.
I think that's always been thecase.
I just don't think many peopletalked about it back then as we
do today, especially with thepower of the dispositions

(10:49):
softwares that exist.
Right, everybody's getting theemails and the mass text
messages and that it's about dothey know who you are?
Do they know that titaniuminvestments bring solid deals
and can it be a simple, quickphone call and you just fill a
deal.
That's the kind of relationshipthat you need with your end

(11:12):
buyer.
So love that, take.
All right, guys.
That's our episode of the KingCloser Reacts.
I hope you enjoyed it and, likeI said at the beginning, I have
to say a very special happybirthday to my baby girl,
serenity, one of the best thingsthat's ever happened to me in
my life.
To my baby girl, serenity, oneof the best things that's ever
happened to me in my life andjust like her namesake, she

(11:32):
literally is my Serenity.
So I love you, baby girl.
Happy birthday Show Serenity.
Some love in the comments.
We'll see you guys tomorrow.