Has anybody purchased from New western

Most Popular Reply

Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
Quote from @Kimberly Bunch:

@Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 


dont trust any of their information.. ARV rehab etc.. use it only as a lead source.. I would not put up the deposit until you darn sure you want to go through with it.. I have had clients get totally screwed buying their deals and not doing enough due diligence and just trusting the info they provided its high pressure and basically rookie agents who are trying hard to get that 10k in the door.

Podcast Guest on Show #222
JLH Capital Partners51 Review
WebsiteView Page
16Reply
See this reply in the discussion

40 Replies

Jump to latestLatest
  • Matt Devincenzo
    Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
    3y

    I haven't purchased through them, but have met with them before and I have a friend that has wholesaled to them for final dispo to an end buyer. They're one of the 'big three' national wholesaler's that it seems a decent number of local wholesaler's will use to help dispo if they're having difficulty. 

    3Reply
  • Jake Jones
    OP
    New to Real Estate · DFW, TX · Member since 2023 · 6 posts · 5 votes
    3y

    I really want to purchase my first fix and Flip through them, but don’t know anyone who has experience of doing it. Thanks for the response.

    0Reply
  • Matt Devincenzo
    Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
    3y

    Are you looking for confirmation that they are a legit company? If so I can say definitively, yes they are legit. 

    As long as you have funding and can close the transaction they'll sell to you, so I'm not sure what you're looking for when it comes to finding someone who's purchased from them before? If you can explain it will probably help you get better answers to your question. 

    1Reply
  • Kimberly Bunch
    Member since 2023 · 12 posts · 38 votes
    3y

    @Jake Jones I have purchased from them. I am a new(ish) investor. My first two flips I got off MLS and my 3rd I purchased from New Western. It was an easy and clear process. $10k deposit (higher than some others out there). Do you have a specific NW agent you're working with?

    6Reply
  • Kimberly Bunch
    Member since 2023 · 12 posts · 38 votes
    3y

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 

    15Reply
  • Justin Vogelgesang
    Investor · Fort Worth, TX · Member since 2021 · 68 posts · 57 votes
    3y

    Hey @Jake Jones, feel free to reach out if you have any questions about New Western. I'm an agent at the Fort Worth location

    1Reply
  • Scott E.
    Contractor · Scottsdale, AZ · Member since 2010 · 2k+ posts · 3k+ votes
    3y

    I have worked with New Western on the buy side and sell side. As @Kimberly Bunch said you need to run your own comps. But they are the only wholesaler company in town that I really feel comfortable with. They're a real operation unlike a lot of these mom and pop wholesalers who have little to no experience.

    4Reply
  • Jake Jones
    OP
    New to Real Estate · DFW, TX · Member since 2023 · 6 posts · 5 votes
    3y
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 

    Thank you, Kimberly! Happy to hear you had a good easy experience with them! If I don’t have access to the MLS what do you recommend for running Comps?
    1Reply
  • Jake Jones
    OP
    New to Real Estate · DFW, TX · Member since 2023 · 6 posts · 5 votes
    3y
    Quote from @Matt Devincenzo:

    Are you looking for confirmation that they are a legit company? If so I can say definitively, yes they are legit. 

    As long as you have funding and can close the transaction they'll sell to you, so I'm not sure what you're looking for when it comes to finding someone who's purchased from them before? If you can explain it will probably help you get better answers to your question. 

    I just wanted to see what people’s experience was with doing business with the company. If it was a smooth or a rough experience basically. Thank you for the response! 

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 


    dont trust any of their information.. ARV rehab etc.. use it only as a lead source.. I would not put up the deposit until you darn sure you want to go through with it.. I have had clients get totally screwed buying their deals and not doing enough due diligence and just trusting the info they provided its high pressure and basically rookie agents who are trying hard to get that 10k in the door.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    16Reply
  • Kimberly Bunch
    Member since 2023 · 12 posts · 38 votes
    3y
    Quote from @Jake Jones:
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 

    Thank you, Kimberly! Happy to hear you had a good easy experience with them! If I don’t have access to the MLS what do you recommend for running Comps?

     @Jake Jones you can easily pull comps from redfin, realtor, zillow. and, given the ever changing market, I only trust what's sold the past 60 days prior to be honest. Zillow's 'recently sold' goes back years, so make sure you're looking at the date something sold (and the DOM before it sold). Also, I'm sure you're aware but there are TONS of other ways to find wholesale deals. Look on Facebook marketplace, join local REI facebook groups, post that you're looking for a flip and want to be added to wholesale lists.

    3Reply
  • Andrea Lane
    Member since 2021 · 116 posts · 79 votes
    3y

    We have never found their pricing to be the best.  We look to local wholesalers, our network, and our marketing.  Just make sure that you do your due diligence and there is enough equity for you to make money.

    6Reply
  • Kimberly Bunch
    Member since 2023 · 12 posts · 38 votes
    3y
    Quote from @Jay Hinrichs:
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 


    dont trust any of their information.. ARV rehab etc.. use it only as a lead source.. I would not put up the deposit until you darn sure you want to go through with it.. I have had clients get totally screwed buying their deals and not doing enough due diligence and just trusting the info they provided its high pressure and basically rookie agents who are trying hard to get that 10k in the door.

    Yes, what @Jay Hinrichs says - 100%. Do you Due Diligence before you hand over a dollar b/c if not - you're not getting it back!!

    4Reply
  • Justin Vogelgesang
    Investor · Fort Worth, TX · Member since 2021 · 68 posts · 57 votes
    3y

    @Jay Hinrichs with any investment the buyer should always do their own due diligence and not submit down payment unless they're serious about a purchase. That's standard across the industry. New Western doesn't guarantee ARV or give rehab budgets though. We do however provide comps and a CMA, and almost all of our past buyers have met or exceeded their anticipated ARV.

    4Reply
  • Jake Jones
    OP
    New to Real Estate · DFW, TX · Member since 2023 · 6 posts · 5 votes
    3y
    Quote from @Kimberly Bunch:
    Quote from @Jake Jones:
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 

    Thank you, Kimberly! Happy to hear you had a good easy experience with them! If I don’t have access to the MLS what do you recommend for running Comps?

     @Jake Jones you can easily pull comps from redfin, realtor, zillow. and, given the ever changing market, I only trust what's sold the past 60 days prior to be honest. Zillow's 'recently sold' goes back years, so make sure you're looking at the date something sold (and the DOM before it sold). Also, I'm sure you're aware but there are TONS of other ways to find wholesale deals. Look on Facebook marketplace, join local REI facebook groups, post that you're looking for a flip and want to be added to wholesale lists.


     Thank you so much Kimberly!!!!

    0Reply
  • Lisa Smelter
    San Antonio, TX · Member since 2018 · 17 posts · 8 votes
    3y

    I used New Western and it was a very smooth deal.  I got the property for 30K less than market value.  I am a buy and holder so I can't help with any information on flipping.  Kate Cabada was my agent and she really excelled in the communication department.  She has contacts for private money lenders if you need those as well.  Good Luck!

    4Reply
  • V.G JasonPro Member
    Investor · Member since 2022 · 3k+ posts · 3k+ votes
    3y

    Tried in some areas, but their comps are just way way off. They literally were wholesaling a house for $30k more than the house next door was listed on MLS that was almost fully turnkey, and considerably bigger(1500 more sq ft lot + 1br/1.5ba larger) in the Garden Oaks area of Houston. They'll always say things like lowest list in past X time, but that means little.

    3Reply
  • Jake Jones
    OP
    New to Real Estate · DFW, TX · Member since 2023 · 6 posts · 5 votes
    3y
    Quote from @Lisa Smelter:

    I used New Western and it was a very smooth deal.  I got the property for 30K less than market value.  I am a buy and holder so I can't help with any information on flipping.  Kate Cabada was my agent and she really excelled in the communication department.  She has contacts for private money lenders if you need those as well.  Good Luck!

    Thank you Lisa,
    I just messaged you regarding this. Would love to talk! 
    0Reply
  • Calvin Pringles
    Real Estate Agent · St. Petersburg, FL · Member since 2020 · 46 posts · 36 votes
    3y

    Just be aware that their comps and rehab budgets are usually way off. I think the comps are automated, similar to zillow.

    2Reply
  • Sebastian MarroquinPro Member
    Real Estate Agent · Pasadena, CA · Member since 2015 · 477 posts · 263 votes
    3y

    they are legit, I have closed with them in the past in CA and everything was fine... 

    The problem many times is that the price is inflated, so make sure you know your numbers 

    1Reply
  • Timothy Howdeshell
    Investor · Fresno, CA · Member since 2016 · 222 posts · 237 votes
    3y

    I have worked with them on the sell side (aka JV wholesaling a deal to them). They have a massive buyers list and are a volume house. This means that they get a ton of properties under contract, but with less margin. Less margin = bad deal for the flipper.

    As with anything, but especially real estate, caveat emptor (buyer beware). Run your own numbers. They are a legit company, but I've struggled to make many of their deals pencil with my specific strategy. 

    1Reply
  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    3y
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 


     Almost all of the Wholesalers comps are way off.  I recently unsubscribed from all my Wholeseller list for this very reason.  

    2Reply
  • Chris Welch
    Rental Property Investor · Ocala, FL · Member since 2011 · 49 posts · 19 votes
    3y

    @Jake Jones I have purchased through them ......just listen to what everyone is saying.....comps and rehab are usually way off, but you can get the price reduced if you can show the real comps.....they are in a business of selling for a process...

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Justin Vogelgesang:

    @Jay Hinrichs with any investment the buyer should always do their own due diligence and not submit down payment unless they're serious about a purchase. That's standard across the industry. New Western doesn't guarantee ARV or give rehab budgets though. We do however provide comps and a CMA, and almost all of our past buyers have met or exceeded their anticipated ARV.


    we can agree to disagree on ARV and how well your clients do in the end.. I have personal experience not just hearsay.. clients losing tons of dough on deals i did for them. And the clients relying on NW ARVs and rehab numbers.. you may not do them now but they were done in the past and this was in Dallas. The high pressure the grabbing 10k non refundable up front all that in my mind is not the way to go about it for most buyers.. too much pressure too much risk and then feeling obligated to close as they dont want to lose the 10k.. the deals are not good enough for the risk. is my opinion.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    4Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    3y
    Quote from @Joe S.:
    Quote from @Kimberly Bunch:

    @Jake Jones one more thing. Make sure you pull your own comps. I look at almost every deal they send and their comps have been WAY off. 


     Almost all of the Wholesalers comps are way off.  I recently unsubscribed from all my Wholeseller list for this very reason.  


     its tough for wholesalers now.. many have not adjusted to the new market conditions. I tell all my clients to negotiate hard and whatever they are asking come in much lower.. And we are still getting deals.. I dont deal with them directly of course .. but i have influence from my lender standpoint.. I have maximum wholesaler fee's I will allow .. 

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    2Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free