JD Flores is San Antonio general manager at New Western, a real estate company that specializes in selling homes that many investors would shy away, resolving whatever problems they entail, and putting the homes on its online marketplace, typically selling them to investors who intend to rehab them.New Western isn’t well-known in San Antonio, but there’s a good chance the company has bought and sold a home near you as it plays an important role in the local housing market.
Based in Irving, New Western has been working in San Antonio since about 2009, shortly after it was founded in 2008 amid the depths of the housing crisis. It now has 38 agents in the local market, overseen by two general managers, JD Flores and Marcela Alcalá. Its agents typically sell 40 to 50 homes a month, Flores said.The company operates in 52 real estate markets across the U.S. — having recently expanded into Virginia Beach, Va. — buying a house every 13 minutes, Carlton said.
“We would race into that neighborhood, and within a couple hours, we’d have every house under contract in that area,” Carlton said.