North Texas Is Hitting 9 Million Residents! | King Closer Reacts

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Transcript

Welcome And React Format

SPEAKER_07 0:05

What's up, everybody? Welcome to the King Closer Reacts. I am the King Closer RJ Base III, and this is the series where I'm gonna watch some YouTube videos, see if I agree or disagree. Let's get into the first video.

North Texas Nears 9 Million

SPEAKER_03 0:17

North Texas is about to hit a milestone that would make it one of the largest metro areas in America. New data shows that the region is now home to nearly 9 million people, and experts say we'll likely cross that mark within the next year. More than 200,000 people moved to North Texas in 2025 alone, with Cowan County leading the region in growth and Fort Worth adding the most new residents among major cities. Dallas, Salina, and Denton also saw significant population gains. But with all that growth comes a major challenge: traffic, housing, public transit, and infrastructure. Officials say they're already focused on reducing congestion and improving transportation as the region continues to expand. The question is: can North Texas keep up with all of the growth?

SPEAKER_07 1:03

Well, here's the answer because I've lived in DFW for my entire life, and we've literally been under construction on our highways my entire life. So we're just gonna continue to be under construction.

Mavericks And Stars Eye New Homes

SPEAKER_07 1:17

But more importantly, with this growth, let's talk about the most important topic here, and that's the fact that the Dallas Mavericks and the Dallas Stars are leaving American Airlines Center and they've got to go find new homes. And the Dallas Stars have decided that they want to go to Collin County, they want to go to Plano, which is significantly further north than downtown Dallas. This is a major thing. I mean, for downtown Dallas to lose both the Mavericks and the Stars with all of the growth, like that brings a significant amount of business to downtown Dallas that would be moving away to what I guess you could consider a secondary market inside of Dallas and Fort Worth, Texas. And I think this is a sign of how much we've actually grown as a

Fort Worth Sprawl And Road Strain

SPEAKER_07 2:12

Metroplex. And he talks about Fort Worth. I've lived in Fort Worth the majority of my life. It is insane to see how much housing has been going up. Our office here in Fort Worth is on Eagle Mountain Lake. When we moved into this office five years ago, um, there were no houses around here. I mean, it was woods. And now there are houses everywhere. And so, can we keep up with the growth? We're going to have to. We're just going to keep moving further and further out. The Metroplex is just going to continue to get bigger, but I can already see the issues with the growth, with the roads not being able to keep up with the traffic, the construction not being able to be kept up with. It takes years for things to be completed. And by the time they actually complete it, we've already outgrown what was needed. So will we be able to keep up? Of course, but it's never going

Wholesaling Means Solving Problems

SPEAKER_07 3:12

to be perfect.

SPEAKER_04 3:12

Wholesaling is solving problems. When someone says, I got nowhere to go, we'll solve it for you. I got no one to pack me up, we'll solve it for you. We hire a packing company for $1,500. To them, it's the biggest problem in the world. How are we going to pack this place up? I'm like, one phone call, I have people there, and I'll pay for it. And I'm building into my deal, but like, not a problem.

SPEAKER_05 3:29

We had a guy that was like, I don't want my stuff in a storage facility. I don't trust storage facilities. I go, no problem. I'll buy you a trailer, we'll get you a nice lock, and we'll park that at your brother's house. Like, you'll figure out the problem.

SPEAKER_07 3:43

One time I had a seller that was extremely worried about climate change, global warming. So I said, don't worry about it. We won't use any trucks to move any of your stuff. And I went and I bought 37 horses and carriages and personally carried all of their belongings out to the carriages. And then all 37 horses carried all of their belongings to their new house just to appease his fear of global warming. Oh man. I love base. I love man. That dude, he's got stories. He's got stories for everything. You hire a packing company? I bought a trailer. I one of you on everything. Next.

House Versus Land Due Diligence

SPEAKER_06 4:38

Hey, what's up, guys? I'm going to tell you the difference between due diligence with house wholesaling and house flipping compared to flipping land. So most people are obviously fill uh familiar with due diligence on houses. For example, like what's the roof stage? Um, has the bathrooms been fixed up? Has the kitchen been fixed up? Um, flooring, etc. etc. What's the ARV? So what's it actually worth after repair costs? Getting contractor bids. Obviously, the list goes on and on. You want to make sure like the validation is rock solid so your deal doesn't blow up and you're actually getting it for the right price. Land on the other hand is completely different. The first thing is, hey, is it buildable to check and see can you build on the property? And then what zoning restrictions are there? Two, is there road access? Can you actually get to the property? Or is there like a deed of easement? Um, so those are really big. And then the third, are there like any taxes or liens on the property? Literally, you can find that on the county very quickly. Last, was there a perk test needed, or has there already been a perk test? Basically meaning can you get septic? Um, and then the soil passes the test. And the fifth, is it in a flood zone or wetlands or like FEMA floodplain? So that's basically it. You can figure out all those things very quickly, unlike houses where it's a lot more difficult to figure out what the properties actually

Why Land Checks Feel Hard

SPEAKER_06 6:01

were.

SPEAKER_07 6:01

All right, I gotta stop this man. Listen, I don't know how you guys felt when he was talking right there, but he's like, with houses, you have to figure out the after-repair value. Okay. I mean, you could always just have a realtor pull comps for you, or you can look up and just see how much did other properties just like it sell. That's not rocket science. You need to get contractor bids. Okay, so you call a contractor and you ask them to come write up a bid for you. Not really that difficult. I'm sure you've hired somebody to do something for you in your life. So not difficult. But when you start talking about perk test and you start talking about is it buildable? Just is it buildable? Like, how do I know if it's buildable? That's a that's a skill set to figure out how to learn if uh if land is buildable. Um, are there easements? Like, these are not as simple. It's simple because it's what he does and he's learned how to do it. But again, this is where I always go back to when there's different strategies inside of all the different things that we can do inside of real estate. Everybody always wants to make whatever they do super simple.

Wholesaling Is Messy And Brutal

SPEAKER_07 7:26

So I'm just gonna go against the green. Wholesaling is super hard, it's super complicated, and you probably shouldn't do it unless you really want to do it. Because it's not easy. We've all been lying to you. You're going to call sellers over and over and over again, they're going to lie to you. Buyers are going to try to snake deals, you're going to have bird dogs and daisy chainers, and title issues, and death, and theft, and storm damage, and all kinds of crazy shit happen on your deals. So it's really, really hard. So, unless you want to do something super complicated, do not do wholesaling.

A House Burns Without Insurance

SPEAKER_01 8:10

I actually bought a house recently. Yeah, that didn't turn out that well. So I just got a call about uh I would say like an hour ago. Um, my partner just told me that the entire house just burned down. And the worst part about it is that I had no insurance on the property. And we were just about to list this property on the MLS, and we were gonna make I don't know, we bought it for 12, what closing costs and everything, 15,000, and we were gonna sell it for 70,000. I'm actually gonna include a link in the description and up here, because I actually did a video on this about a month ago, so I'm actually gonna ride out to Shelby right now and we're gonna take a look at it because I want to see how bad it is. I'm hoping that it's not a full-on teardown, but it's looking like it. Let me show you a picture, brother.

SPEAKER_07 9:05

Why would you not have insurance? I mean, even on the worst shit boxes that I've ever owned, and let me tell you, I've owned some shit boxes, right? Marcus L. Butler Avenue in Jackson, Mississippi. Go ahead. Spend a couple minutes there. See how well you feel and see if you feel comfortable on Marcus L. Butler, okay? Birmingham, Alabama, St. Louis, Detroit. I've owned in all these South Dallas, Fair Park area. Brother, walking up to my six units and I got offered drugs, okay? And I was like, I'm the owner. And he was like, right, you want to buy my shit or not? I'm like, I just told you I own this place. You're still trying to sell me on your shit. So we've owned some shit boxes, but we always had insurance. You gotta have insurance. Fourth of July weekend, I don't know, this is probably at this point, seven, eight years ago, uh, someone shot a firework in one of our vacant houses in St. Louis, burned down. And you know what? My immediate reaction was that sucks. And then I realized, no, it doesn't, because we became extremely profitable off of our insurance claim because it did burn all the way down, and we had insured it for more than what we owed on the property. So we actually turned out to be extremely profitable, and all we had to do was sell a little bit of ash and dirt. So let this be a lesson. No matter how bad the property is, get you some insurance.

Can Wholesaling Hit One Million

SPEAKER_02 10:40

You're trying to make a million dollars? 48 deals. Okay, so 48 deals a year, that's four deals a month for $21,000. In my opinion, that's very, very easy to do.

SPEAKER_00 10:47

Is it easy to make a million dollars in wholesaling? Sounds great on social media, you guys, but there's a reality here. Okay, you need leads, you need buyers, you need follow-up, sales skills, and a lot, a lot of time. I've read all those comments as well. A lot of people think it's impossible, even with the team, and honestly, they're right because I've been there. But here's the secret, you guys.

Leads Pitch And The Skill Gap

SPEAKER_00 11:06

The hardest part in wholesaling is finding real motivated sellers, not wasting months of cold calling trying to find those types of sellers, cold calling garbage lists and chasing dead numbers. That's exactly why they already did that part for you. They have verified leads from sellers already interested in selling you guys. So if you really want to hear more about this, just follow and comment leads.

SPEAKER_07 11:26

That was a good little pitch by Ashley. Here, here's the thing: um, I agree with both takes on this. Um, Carlos is coming from a place of, hey, I've been in wholesaling for over a decade. Making a million dollars is not that hard. You just do four deals at these numbers and you you can do it. And you can. Is it easy to do as one person? No, that would be complicated because there's gonna be a lot of moving pieces. He didn't say that, he just said this is what you have to do to make a million dollars. Ashley's coming from a place with not quite as much of an experience as Carlos, and she's like, Hey, I've lived on this side. You've got to have leads, you've got to have sales skills and buyers and all this stuff, and she's right, and it's not as easy as it's made out to be on social media at times because of the experience and the skill gap, and there's a lot of nuances between the two. Carlos isn't wrong, and neither is Ashley. And I think everybody needs to understand where are you in that process? Are you at the beginning where Carlos was struggling when he got started? Listen, I I could go find the picture of Carlos where he was putting the bandit signs out looking like that. You know, he posted on social media. Look at me, I'm so cool. I'm putting out bandit signs. We've all seen it. If you've ever seen Carlos speak at an event, which by God, you've probably seen Carlos Reyes speak at an event, because that man will speak at any event as long as you pay for his travel, his time, write him a check, get him first-class flights, buy him food, buy him a steak, give him a back rub, and then circle jerk him and let him go back to Phoenix. He'll speak at your event. Okay. And we've all heard the stories about, you know, crossing the Rio Grande and coming over here and not being able to speak English, and now he's the American dream. We've all heard these stories. But he also, along the way, developed skills. He developed the repetition and the ability to be able to solve sellers' problems. And when we look at that in comparison and we say, but I'm six months in, I'm a year in, it's not as simple as what Carlos made it out. That's not Carlos's fault. Carlos stuck with this for over a decade, and now he's able to sit back and say, it's not that hard to make a million dollars because it's not. It's really not that hard to make a million dollars doing anything when you dedicate yourself to it for over a decade.

Final Take And Viewer Challenge

SPEAKER_07 14:01

All right, guys, that's our episode of The King Closer Reacts. Let me know, did you agree or did you disagree with my takes today? Uh, Pace, Carlos, I love you guys. Don't come after me. We're still friends. Regardless, show me some love today, like today's video. We'll see you guys tomorrow.