Anyone familiar with - www.newwesterncomps.com

[Jonathan Kessous]

Hi Everyone,

Is anyone familiar with this website? How accurate is their comps?

i am looking for comps in San Antonio, Texas.

thanks

Jonathan

[Travis Hughes]

My experience with New Western, Net Worth, and the other large "wholesalers" over the last decade in DFW and ATL has been that their ARVs are consistently inflated and their rehabs are consistently deflated. I've probably looked at three or four dozen listings from them over the years, and with 100% consistency I find the final equity in the deal to be less than 10% once I plug in accurate ARV and rehab numbers.

In 2011 or 2012 I had a close friend by a house from one of them on a hard money loan. Couldn't sell it because the ARV was overstated. Ended up coming to the table with money to close the sale, probably lost close to $20k when it was all said and done.

My $0.02:  Stay away.