All Forum Posts by: Trey Watson

Aurumys is a small, but growing wholesale brokerage with offices currently in Phoenix, Denver, Indianapolis, Albuquerque, Austin and Fort Lauderdale. We're always looking to connect with like-minded investors who want access to wholesale & off market properties

- No daisy chaining (we will always have the property under contract)

- All of our staff are licensed real estate agents

Sign up on our website to get access to our inventory (expect a phone call as well).

https://aurumys.com/buy-property/

@Garrett Terrell

Hi Garrett, I'm the managing broker here in Phoenix for New Western. We may have connected earlier today on a different platform but were not able to finish the conversation. 

I wont speak for others and their experiences with our company should they choose to share, but what I will say is that our office here in Phoenix has a 4.9 rating on google with over 40 reviews from individual investors who've had great experiences with us- which is a small fraction of the repeat customer base we've built over the last 2 years here in Phoenix.

Regarding the non disclosure you referred to, this document is pertinent to keeping our inventory exclusive to our investor base only. It is designed to keep wholesalers from re-marketing or 'daisy chaining' our deals which as you know given the current state of the market is a constant issue we face. Another major element of this document is that it lets the investor know we're a licensed real estate brokerage and we do not represent the investor as a client. (This may be the most important element of the entire agreement per our duties as licensed agents). 

When putting one of our deals under contract, we do require investors hold the deposit with us instead of the title company (in most of our markets). While I would never suggest you give your deposit to a wholesaler off the street, to be quite frank, we have a great reputation and a lot to lose-i.e our real estate licenses and/or jobs. I wont speak for other offices, but in my office if a first time customer feels uncomfortable with giving us the deposit, I let them send it to the title company on the first deal to start the relationship. However the second deal and moving forward they are required to play by the rules. 

In reference to the deals we're sending you- We buy direct to seller, from other wholesalers, our own investors, agents who have pocket listings, property managers, estates, trusts and yes we definitely buy MLS deals. If the numbers make sense, the source of the deal is just a back story. The benefit of working with one of our agents is that we have an acquisitions team that is ultra dialed in on the market, pounding the pavement 7 days a week turning over every stone and looking behind every tree to find deals (on or off market) that stick out to investors. They're quick, they're connected and will often get access to deals that will never see the light of day because they're going to sell to the first investor that sees it. The benefit you get as a buyer is you leverage our network.

It sounds like you may have been contacted by some of our newer agents which I understand can be frustrating when you're experienced. If you'd like I can get you with one of our senior agents who may be more your speed. A lot of our agents are investors themselves which helps in relationships like these. 

I would encourage you and anyone working with us, please save my number/email and reach out any time you're not getting the clarity or service you need from one of our agents. 

Trey Watson

New Western Acquisitions 

Designated Broker

*BP wont let me put my phone number and email but its in my profile*

@Lisa V. Colorado School of Real Estate online is by far the best way to get licensed (online) in Colorado. Actually follows the state exam unlike the other common ones I wont name. 

If you are an investor, agent or wholesaler in the Denver metro and you have a property to sell, consider working with me and letting my company New Western be your buyer. 

-We're cash.

-We will take title.

-We can close in as early as a few days.

-We DO pay referral fees.

-I can help/have taught many people how to ACTUALLY wholesale along the way (what those lame seminars CANT teach you).

-I've closed hundreds of transactions and have more experience doing this than most. 

The goal here is to create long term mutually beneficial relationships with other professionals in the industry. If you want to know more about what we do or how it works, feel free to reach out. 720-507-6581

@Gordon French also highly recommend not using VanEd or the Real Estate Express program. We had a couple agents use those in the beginning and they have several inaccuracies that don't coincide with the state exam. Those agents ended up taking the exam several times before passing. 

@Gordon French Colorado School Of Real Estate online is by far the best and most on course with the state exam. I did not use them, but we recommend potential new hires use them and its worked every time. You can work at your own pace so there's no strict timeline. 

Good Luck!

@Michael Bartlett If you want your license to be active and valid, you'll have to hang your license at a brokerage somewhere for the first 2 years as a brokers associate under a sponsoring or employing broker. Then you can break off and be your own. There's also a fair amount of continuing education that is required in between. 

Im looking to connect with or get recommendations for other wholesalers in the Denver and surrounding areas. Thanks

@Bill S. Thank you for the response! In this case we are the wholesaler and we are licensed. 

 We'll have a wholesale deal under contract and sometimes the buyer that wants it is brought to us by another agent therefor we have to get them paid.

We do it all the time as long as the buyers rep is licensed. As you know, I cant pay out someone who brings me a buyer that's not licensed. 

This is why I'm making the case that as a licensed agent that wholesales, working with other agents who bring investors to the table can/does work. All parties just need to be on board and disclosed as to whats going on. 

@Christopher Brainard man thats a terrible situation. Yea I haven't seen it happen, but you're right...doesn't mean people aren't doing it lol. 

To address what you mentioned about 'why an agent would get involved in an off market deal'- Sometimes a buyers agent will bring a wholesaler the buyer and in those cases, the wholesaler doesn't have much say in the matter if they want the deal closed. Plus its good business to make sure everyone is paid if at the same time the numbers work for the investor. 

I work with agents on both ends. We'll buy from them but also sell to their clients. More often the latter, simply because like you said, most people think that there are so many willing investors in the market, who needs to sell their deal to a wholesaler? My rebuttal to that is for another discussion though haha. I could go on and on about that.