What wholetail means
Wholetail is when a real estate investor buys a property, owns it, and resells it at a price below retail instead of doing a full renovation first. The buyer gets a discount. The seller skips the cost and time of a full rehab.
On this site, wholetail means we own the fire damaged house, and we sell it to an investor on the buyers list at a price below what the house is worth after repair.
Wholetail vs wholesale
The difference is who you deal with and what you sign.
- Wholetail: we own the property. You sign a purchase contract with us and close on the house.
- Wholesale: we have the property under contract with the seller. You take over that contract and close on the house yourself. See how wholesale works.
Why wholetail can work on fire damaged houses
A fire damaged house is priced for its damage. If the price is below the after-repair value, the numbers can leave room for repairs, costs, and profit. We price our deals below after-repair value, and you run your own numbers before you commit.
No deal is guaranteed to make money. Repair cost, permits, timing, and your exit all change the result.
What to do before you buy a wholetail deal
Our guide to buying fire damaged houses goes through this in more detail.
- Get an inspector and a contractor to walk the house and write up a scope.
- Price the full repair, not just the area that burned. Smoke and water often reach further than the fire.
- Check what the local building department requires for permits.
- Run your own numbers: after-repair value, repair cost, holding and closing costs, and the profit you need.
- Have your title company or attorney review the purchase.
Who wholetail deals are for
- Investors who buy with cash, hard money, or private money
- Investors who flip, rent, or hold repaired properties
- Investors with their own contractors who can move when a deal fits
- Investors who can show proof of funds. We verify funds before any contract is signed.