How does everyone hate on this company, they’re clearly crushing it, they’re doing what we’re all doing but just better! And Does someone like Jamil Austin Zaback say they have the number 1 wholesale companies in the country, love those guys but that’s just sales words, no way they’re doing more then NW. the true goats
Thanks Steve for this amazing podcast. I have two observations: 1) Even though wholesaling is a very simple business, the best wholesalers seem to be smart and complicated human beings 2) The people who are slaying it often do not have a course and are therefore not in the spotlight
I will dispo my deals with NW but never will buy again after one purchase I had it. Unless is a killer deal but I doubt it. My respects for the owner for such a process, systems in place which we did not hear on today's podcast 😢
In my opinion, the granular details aren't going to be what gets you to 1000 per deals a month. It's the high level execution. I've had many private conversions with Stu over the years. I intentionally wanted him to share all the best lessons I've learned from him. To me, that would make for the best show.
In my opinion, when you file a public document that transfers title to a property, you have notified the world which includes the bank of this transfer. It's their responsibility to monitor their interests, and no contract I have ever read describes a process by which they are to be notified. As such I have fulfilled my obligation to notify the bank by filing public notice when I buy Subto.
@@DisruptorsPodcast Thank you Steve. I love learning from people who are doing more than me. In this case, he's doing the most lol. But if he has licensed employees, doesn't that mean he is a broker not a wholesaler? So does he get paid like a broker or a wholesaling company? Thanks.
You can tell this guy has very little to do with the business these days he could not answer most of the questions. That’s okay he earned that. This felt more like a commercial, than an interview.
It's sad to hear that you didn't get that much value out of it. Stu has been somebody I looked up to for years, and I pulled out some of our private conversations for the show. I think what some people are missing is they are looking for the day to day details. This guy shared how what his operations look like to bring in just shy of 9 figures a year in revenue. To me, that's what's more interesting about a guy at this level.
Agreed! He did not give us one piece of advice to close ONE deal let alone 15,000 deals "Oh ya it was hard , but we knew it was going to be hard but we knew we were going to be successful blah blah blah
@@AKTHECEO it seems like it's different in every market. I talked to a few local agents in our market that have worked for them and they all said they source deals from MLS or existing wholesale deals.
Why don’t Yall call people out or tell about the issues so people can learn what not to do or what to do? What’s the point of this 2 hour pod cast when it doesn’t give you much of what you should and shouldn’t do?
Man my brother what happeend with droping gems for the followers questions? Where you shy to ask? 😅 I was waiting so bad for at least 2 gems what marketing Chanels he uses to acquisitions and 1 to dispositions 😢
@@DisruptorsPodcast no, what happened in this interview was supposed to happen and no more due to the fact that this guy is on another level monster, as goes the reputation of his company in DFW area, the owner was always an enigmatic unknown mystery, that everyone in Dallas hated (his company), so this monster reveal… everyone is quiet, silent, just let him be himself, as natural as can be, so we can see who he wants us to know - how he really is Steve did a better job of hosting a quiet spirit, a plain demeanor.. A PLATFORM of neutrality: the restraint Steve showed here is on several levels of brilliance above imagination especially due to who is in his presence- this guy has been the big silent hidden monster deal sucking black hole that you never paid too much attention to yet was having a huge affect that you never realized.. his company was never talked abt positively and as he said they were aggressive and he is aware of his reputation
@@DisruptorsPodcastnew western sources their deals from wholesalers and MLS primarily. Daisy chaining is when you assign a contract you got assigned to you. Wholesaler to wholesaler to end buyer. They double close typically so the front end of the deal doesn’t show there’s another wholesaler involved. Double the closing costs on the buyer.
"Wholesaling" is a Real Estate term for acquiring a property for under market value. From there you can "assign" the property in the closing to an investor (or to someone) or sell it for full market value, or various other disposition strategies.
If I’m not mistaken, NW is a part of most of the investment SFR transactions in the US. And you ran them out of your Investment club? Doesn’t seem very collaborative of you.
Didn’t know who he was, as soon as you mention new western. I had to finish the podcast.
Why?
ha same here lmao
He uses the term “they” LOL yeah I can’t listen to any more.
There are some bad apples in the business...
Same
How does everyone hate on this company, they’re clearly crushing it, they’re doing what we’re all doing but just better! And Does someone like Jamil Austin Zaback say they have the number 1 wholesale companies in the country, love those guys but that’s just sales words, no way they’re doing more then NW. the true goats
Just like every other business - be careful what you buy - but there are houses out there that need to clear
Well done! This video was both informative and engaging. Keep up the great work.
Thank you.
Thanks Steve for this amazing podcast. I have two observations: 1) Even though wholesaling is a very simple business, the best wholesalers seem to be smart and complicated human beings 2) The people who are slaying it often do not have a course and are therefore not in the spotlight
Great observations. The best usually do keep to themselves and just work.
hey dimitri! i"m a wholesaler from diepenbeek. how's it going fellow belgian
I will dispo my deals with NW but never will buy again after one purchase I had it. Unless is a killer deal but I doubt it. My respects for the owner for such a process, systems in place which we did not hear on today's podcast 😢
In my opinion, the granular details aren't going to be what gets you to 1000 per deals a month. It's the high level execution.
I've had many private conversions with Stu over the years. I intentionally wanted him to share all the best lessons I've learned from him.
To me, that would make for the best show.
In my opinion, when you file a public document that transfers title to a property, you have notified the world which includes the bank of this transfer. It's their responsibility to monitor their interests, and no contract I have ever read describes a process by which they are to be notified. As such I have fulfilled my obligation to notify the bank by filing public notice when I buy Subto.
Love the Interview. But if you could share the guests names in the description that would be super helpful
Will do. It's Stuart Denyer.
This guy is money!!!!
Good video though interviewing the owner of NW 👍👏😊
Somehow, I now understand less about New Western than I did before watching this video 😂
Can someone break down his profit share on each deal? I'd like to know his yearly income.
Would be interesting to know.
Thinking about it, industry averages are 15 to 25% margins at scale.
@@DisruptorsPodcast Thank you Steve. I love learning from people who are doing more than me. In this case, he's doing the most lol. But if he has licensed employees, doesn't that mean he is a broker not a wholesaler? So does he get paid like a broker or a wholesaling company? Thanks.
You can tell this guy has very little to do with the business these days he could not answer most of the questions. That’s okay he earned that.
This felt more like a commercial, than an interview.
It's sad to hear that you didn't get that much value out of it. Stu has been somebody I looked up to for years, and I pulled out some of our private conversations for the show.
I think what some people are missing is they are looking for the day to day details. This guy shared how what his operations look like to bring in just shy of 9 figures a year in revenue. To me, that's what's more interesting about a guy at this level.
I agree! Stu did not give us any tangible advice to close one deal... Mostly all very high level and did not answer Steve directly
Very Careful NOT to disclose how to wholesale 15,000 homes a year.
TBF I could have done better to ask about that and those details.
Agreed! He did not give us one piece of advice to close ONE deal let alone 15,000 deals "Oh ya it was hard , but we knew it was going to be hard but we knew we were going to be successful blah blah blah
My only interactions w NW is reselling listed MLS deals locally. Is this their model?
A bit of that and getting deals off market.
We primarily sell off market deals!
When you say reselling MLS deals, do you mean you’re wholesaling on market properties? TIA
@@AKTHECEO it seems like it's different in every market. I talked to a few local agents in our market that have worked for them and they all said they source deals from MLS or existing wholesale deals.
Why don’t Yall call people out or tell about the issues so people can learn what not to do or what to do? What’s the point of this 2 hour pod cast when it doesn’t give you much of what you should and shouldn’t do?
Where he's sitting at in his business, he's not involved in the day to day, tactical viewpoint that other guests provide and share on our episodes.
Man my brother what happeend with droping gems for the followers questions? Where you shy to ask? 😅 I was waiting so bad for at least 2 gems what marketing Chanels he uses to acquisitions and 1 to dispositions 😢
It seems like I definitely could have extracted more from Stuart. I hope you enjoyed the episode overall.
He sort of answered that in the beginning. More networking than anything! Hard work and long hours! We do not do a lot of direct marketing.
@@DisruptorsPodcast no, what happened in this interview was supposed to happen and no more due to the fact that this guy is on another level monster, as goes the reputation of his company in DFW area, the owner was always an enigmatic unknown mystery, that everyone in Dallas hated (his company), so this monster reveal… everyone is quiet, silent, just let him be himself, as natural as can be, so we can see who he wants us to know - how he really is
Steve did a better job of hosting a quiet spirit, a plain demeanor.. A PLATFORM of neutrality: the restraint Steve showed here is on several levels of brilliance above imagination especially due to who is in his presence- this guy has been the big silent hidden monster deal sucking black hole that you never paid too much attention to yet was having a huge affect that you never realized.. his company was never talked abt positively and as he said they were aggressive and he is aware of his reputation
1st interview this is perfect; next interview, ok maybe details
@@robertmorgan2219 thank you
daisy chain champs
What?
@@DisruptorsPodcastnew western sources their deals from wholesalers and MLS primarily. Daisy chaining is when you assign a contract you got assigned to you. Wholesaler to wholesaler to end buyer. They double close typically so the front end of the deal doesn’t show there’s another wholesaler involved. Double the closing costs on the buyer.
What the hell is whole sailing
"Wholesaling" is a Real Estate term for acquiring a property for under market value. From there you can "assign" the property in the closing to an investor (or to someone) or sell it for full market value, or various other disposition strategies.
@@DisruptorsPodcast good man ty , I think I will now investigate a strategy and try my hand.
Rodeo clown #shotsfired
Was he talking about Ryan Jackson lol?
Maybe??
@@justingtejeda max maxwell
why is everyone hating on this guy?
Unsure. Stuart is the real deal.
Hilarious, this guy talks about highbrow, ethics, and image, his minions got ran out of one of my investment clubs inside of a month. Total trash.
If I’m not mistaken, NW is a part of most of the investment SFR transactions in the US. And you ran them out of your Investment club? Doesn’t seem very collaborative of you.
How come?
@paulrowe4502