First Wholesale/Wholetail in Boise area

[Ryan Weimer]

Investment Info:

Single-family residence wholesale investment in Garden City.

Purchase price: $184,400
Cash invested: $8,101
Sale price: $227,500

Contributors:
Corby Goade

Not a wholesale but a "Wholetail", I found this property via direct mail (handwritten letters) and helped the woman perform a 1031 so she could get her granddaughter in the school district she wanted. In the due diligence period - my awesome agent & partner Corby not only handled the 1031 but got me a free brand new roof on an insurance claim from previous hail damage prior to closing. We put 4.5k into the property to make it appealing to both investors and families alike before listing it on the MLS. 2 offers within 7 days in the "off" season! Massive Success on our first Wholetail!

[Ryan Weimer]

@Rob King It's just a phrase used for closing on the property, taking ownership, then re-listing it shortly after - like a quick flip.  In a hot market you can get a higher return by doing this instead of wholesaling at the beginning.