I feel like the wholesale market in Texas is a bit slow or down these days. I’m curious if this is the same for everyone or if it’s just my experience. If it is slowing down, what do you think the reasons might be?

Hello all, As you may know, the new SB 140 law took effect this September in Texas, and it comes with updated telemarketing regulations. I’m curious to understand how this law might impact wholesaling activities—specifically, are we still allowed to do cold calls or send text messages to prospects under these new rules? Additionally, I have friends working abroad who wholesale remotely. Since they rely on VOIP systems to make calls, I’d like to know how SB 140 affects the use of such systems for reaching out to Texas residents. I’d really appreciate your helpful ideas and insights on this. @Eddie Nwabuoku @Max Maxwell

I don't know how you learned how to wholesale real estate, but the way I learned is that BEFORE you start talking to any sellers, you had better already have at least twenty or thirty cash buyers on your list; that way you know you can quickly assign anything you put under contract and not leave the seller hanging. So a very common question you're going to see asked in every real estate community online is "how can I find cash buyers for my contract? REAL ones, not people who are fronting?" 😁 There are dozens of ways to do that, but here are five that I use all the time - for FREE. 1) Google "real estate investing association near me" or "REIA meeting near me". You can also search Meetup.com for those two phrases. Then attend the next in-person meeting of the REIA. There are ALWAYS going to be cash buyers there, along with other people who are going to become a part of your team. Almost every meeting there will be a time for networking, and that's when you go up to them and introduce yourself as a new wholesaler and ask them what they are buying and where. 2) Google "investor-friendly title company near me" or "investor-friendly closing lawyer near me". Call each of the results on the first two pages, and ask to speak to their business development manager. Introduce yourself as a new wholesaler in the area, and then ask them if they can give you a list of the top 10 or 20 cash buyers that close at their company. This works even better if you show up to their office in person. You're probably gonna ask "Eddie, why would they give me such information, just like that?" Because they know that the more wholesalers they introduce to those cash buyers, the more of them will use their company for closings, and the more business those cash buyers will do with them, and the more money the escrow company will make. It's a win-win-win for everyone concerned. 3) Google "real estate auction near me", and look for the next in-person auction. Usually that will be at the county courthouse steps. Take note of the people who are bidding, and after the auction is over go up to them and strike up a conversation. The thing about real estate auctions is, if you see someone making bids, then you KNOW they're real cash buyers...because if they win an auction, they have to pay for the property (or at least put down a hefty down payment, depending on how the county conducts their auctions) right then and there with a cashier's check.

Facebook seems like a free and accessible platform where we can connect with a wide range of realtors, investors, builders, and cash buyers. I've seen and heard about people successfully closing deals through Facebook. I don’t think it’s mandatory to know everyone personally on the platform, but I’m still struggling to get something done via Facebook. I’d like to highlight a few points and get your thoughts: 1. Daily Traction: I receive daily traction for each of my properties, with many people asking for details. However, no one has moved forward with a deal through Facebook. I’m not sure why this is happening. 2. New Groups: Whenever I join a new group, I often see a lot of people commenting on my posts. But when I try to send them the details, it seems like they aren’t receiving my messages, or they might be going to their message requests folder. Even when I reply to their comments directly, sometimes they never respond. 3. Trust Issues?: Do you think this is all about trust or what’s on their mind? Why do people comment initially but then back out?

So we can have a central place for that information, please tag yourself here & post the city/ies you’re doing this business in in the state of Texas.