Why New Western Acquisitions is a pain in my butt

Question

The cold calling from the hyper-aggressive people at this company is massively annoying. and I wish they would stop.  I've asked three separate times in the last couple of weeks to be taken off their calling list.

Unfortunately, each one of the million reps this company has maintains their own leads and calling list, so I guess I just have to suffer through another 999,997 calls for these folks to leave me alone.

First of all, it's obvious that all of these jokers sat in the same room and were told the exact same thing, because these trainees all have the exact same script, start off their phone calls the exact same way and have the exact same technique:

1.  Find people who have done a flip in the last x amount of time by scraping through public data.

2.  Call the person and ask if they want to get in on one of their "awesome" (but really not so awesome) deals

I get it.  You want me on your buyer's list.  You want to sell me your latest deal.

But JFC, I'd have to be a blind and deaf idiot not to know how to find this company.  Every meetup in the Denver area is lousy with these people.  Seriously, you can't meet somebody and not have them say "I'm a wholesaler with New Western Acquisitions" and you get the elevator pitch for the exact same 5 properties that you heard from the last 6 wholesalers you just met.  If I went home and looked through the drawer full of business cards I have, I bet a full 25% would be from New Western Acquisitions.

Seriously guys, settle down.  Stop blowing up my phone.  If I'm in the market to buy something from you, I'll just swing a dead cat and hit 10 of you.

You're really becoming a nuisance to the Denver metro community.

For those of you who bought something from them and were happy, good on you.  I personally can't stand somebody cold calling me and starting off by listing off the addresses of my last flips.  It's creepy and borderline stalky.

My business is none of your business and no, I don't and never will buy a property from a company that looses its representatives on a community like a plague of cockroaches.

Moderation guys.  And for god's sake, stop copying each other.  With your samey polo shirts and your samey business cards and your samey cold call script - just stop.

Cody L. · Answer

I have a rule I’ve followed pretty strictly the last 3 years: I don’t buy from blasts. If the agent doesn’t know me well enough to email/call me with a specific deal I might want, I’m not interested. And even more to that rule, if I see a property listed on MLS or LoopNet by an agent I know I don’t go after it. Thought is if they didn’t feel it was for me I’m not going to spend my time on it

It got to the point I was getting 30 deals a day via blasts. Way too many to give consideration to. So I told brokers I know that I’ll invest my time to look at a deal if they invest the time to manually email/call me about a deal.

But if they want me to jump on a deal just because I’m toolbag 1 of 100000 on a blast list - pass

Sounds like NWA model is to get as many people on their blast list as possible and work the numbers game

Matt M. · Answer

From another thread on them: I won't do business with them, nor even allow them in my listings. They are just like net worth(used to be the same company from what I hear). I've educated a lot of listing agents on what is really going on in the transaction when companies like this come around.

I see a lot of new agents come and go from these companies, which speaks a lot about how they operate here in Denver at least(Reminds me of an MLM). I was harassed by one of their underlings here after I asked not to be contacted by him. He told me they were going to take over the City...lol...

I really feel for the new investors that buy from companies like this without doing their own due diligence.

Bryan O. · Answer

Agreed. Any investor that knows 1/10 of how to buy a property can see through most of the deals offered, but it is definitely a tactics problem since most of the wholesalers in the area have similarly bad deals. They swarm and I have started feeling out the clusters of people at meetups just to see if they have a New Western operative embedded so I can make a quick exit and find another group. Definitely not a fan of their style of business. The good thing is that making less friends and having worse deals can't be sustainable for too long, so for the moment it is just grin and bear it.

Maurice D. · Answer

someone here listed properties the other day, I should have caught on.  he neglected to mention New Western in his profile or posts.  when I reached out to him and he told me about New Western and how I have to go to their office, I was well...  upset he had wasted my time.

Nick C. · Answer

It seems to me that some wholesalers focus on finding good deals that selling them to a small buyers list, while others focus on hiring dozens and dozens of agents and throw enough mud against the wall that something has to stick.

Unfortunately they're also taking over my BP inbox with "the pitch".

@Linda Weygant What's most likely happening is when one agent quits, which happens pretty frequently, your contact information is passed on to the new hire, and the cycle repeats.

But this business model is working, and probably will continue to work as long as HGTV keeps pumping out wannabe house flippers who don't know how to comp a house.

Jay Hinrichs · Answer

@Linda Weygant  I dont care for this model at all.. especially in Texas.

Buyer beware is my motto with this company..   very aggressive boiler room tactics and deals that are over promised and under delivered..   but hey its America right..

Maurice D. · Answer

no, and I never will.  the whole non-refundable deposit lock in doesn't work for me.  I rather find my own properties off market anyway.

Amir Khan · Answer

@ Maurice D do you have any past experience working with New Western or Net Worth Realty in Dallas?

Andy Webb · Answer

I see their poor reputation is not just here in TX.  I feel your pain @Linda Weygant!

Why New Western Acquisitions is a pain in my butt

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