I have bought several deals from wholesalers and New Western a few times. New Western is the largest wholesaler in Houston, Dallas, and i think San Antonio. Yes they work the mls and all the motivated buyer lists. I bought a 3/1 house for 59k. I did offer a little under list. Put 52k into it, turned it into 4/2 and rented it for $1400.
They send me lots of deals, most are not deals for me. I have lost money on a NWA purchase but That was my fault for not seeing the extent of foundation damage. Yes they made money on my ignorance. That doesn't mean they provide a trash service. Work the numbers and most deals are a deal....at the right price. I am on about 10 wholesale lists and see one deal a week That i would buy if i could.
That being said wholesalers do mark deals up more than they should on average. It is good to find your own deals if you can. My best deals i source myself. It is ok to source deals from NWA or other wholesalers, just believe that their numbers are wrong and offer what the deal is worth.
James Polk, Investor and Financial Advisor