Wholesale fire damaged houses for investors

Wholesale means we have a fire damaged house under contract and you take over that contract, called an assignment. You then close on the purchase yourself. Join the free buyers list to see wholesale deals first.

Get first look at deals

Step 1 of 2. Takes under a minute.

What wholesale means

In a wholesale deal, we sign a contract with the seller to buy the house. We do not renovate it. Instead, we pass the contract to an investor on our buyers list. This is called assigning the contract.

When the contract is assigned, you take our place as the buyer. You complete the purchase with the seller, and the house becomes yours at closing.

How a wholesale deal works with us

Join the buyers list. Tell us your markets and how you buy.
See the details first. When a property fits your markets, we send you the details we have.
Run your numbers. Check after-repair value, repair cost, and your margin. Have your own inspector and contractor look at it.
We verify your funds before any contract is signed. That can be a bank pre-approval letter. For private or hard money, it can be a contact we can verify. Or it can be bank statements, with a call to your banker.
Sign and close. You take over the contract and close through the title company or attorney handling the sale.

What you are buying in a wholesale deal

Before closing, you hold the right to buy under the contract. You own the house only after closing. That is why you should review the contract, the timeline, and the title with your own attorney or title company.

Rules about assigning contracts differ from state to state. Talk to your own attorney or title company before you sign anything.

Why investors look at wholesale deals on fire damaged houses

Fire damaged houses are priced below after-repair value, so there can be room for repairs and profit. The deals that never reach the MLS are often the ones with the most room. You still have to check the numbers yourself, since repair cost and permits change the result.

Who wholesale deals are for

Prefer to buy a house we already own? See wholetail deals.

Investors who buy with cash, hard money, or private money
Investors who flip, rent, or hold
Investors who can move on a timeline when a deal fits
Not for people who need a mortgage approved before they can buy, or who want a move-in-ready home

Questions investors ask

How does wholesale real estate work?

The wholesaler puts a property under contract, then assigns that contract to an end buyer. The buyer takes over the contract and closes on the purchase.

Do wholesale fire damaged houses cost less than retail?

They are priced below after-repair value, with the damage built in. You run your own numbers before you commit.

Do I need proof of funds to see wholesale deals?

Yes. You see the deal details first, and we verify your funds before any contract is signed.

Are the rules for assigning a contract the same in every state?

No. They differ by state, so talk to your own attorney or title company before you sign.

Does it cost anything to join the list?

No. Joining is free.

Fire damaged houses for sale by state

Wholesale | Wholetail | Buyers list | Buying guide