It wasn't until Dubya, via his regulators pushed them in (thanks to the public/private partnership BS) to it in late 2006:Between 2004 and 2006, when subprime lending was exploding, Fannie and Freddie went from holding a high of 48 percent of the subprime loans that were sold into the secondary market to holding about 24 percentDuring those same explosive three years, private investment banks — not Fannie and Freddie — dominated the mortgage loans that were packaged and sold into the secondary mortgage market.

The big players are safeguard and LPS, plenty of little guys and lots of middle men between the big 2 and you.

It is from this essential player, not online general skims, that the structure of the business is guided.I'm not judging simply observing that you may want to invest not dollars, but sweat equity at this point.

The exit strategy may still be under discussion, but it seems that the majority of the players in the deal want to flip the property after it is purchased.  

I have had some people say they are honest and team players and they will cheat at the drop of a hat! 

Except for a few large players that scan the arena nationwide, it is a real time consuming experience, as most liens are quite small and due diligence takes alot of time.

I don't look at Miami, but Broward and PB county foreclosure auctions have too many players, trying to put money to work.

Using systems, having good business sense and being a TEAM player are all good things to have in a partner.

I was a full time foster/house parent for 18 years (average 10 -12 youth at an average age of 16 years old) which dominated most of my schedule, yet I was able to close deals left and right.

I would reccomend asking around in your area to find out who the real players are when it comes to wholesaling solid deals that make money.The biggest reason why my company has been so successful wholesaling is because our buyers ALWAYS make money on the houses we sell them.