The most effective way of becoming a successful wholesaler is doing the "hard work" of getting out there and becoming involved directly with the people who are doing the deals by buying and selling properties on a daily basis.

My commission to my listing agent is not the full 3% because I do a large volume and pay a negotiated commission.But I still have to pay the buyer's agent the standard 3%.

If the Listing Agent is working with Freddie Mac, then they will be a great source of additional REO listings, because Freddie and Fannie are basically the only entities releasing any volume of REO inventory at the moment (although that may change soon), and there may be additional opportunities to purchase properties from the same Listing Agent in the future.

If you find a local agent that simply puts you on an MLS search then you could've done that on your own or with an agent that you have used in the past.If you opt to find an agent, likely they will ask you what your MLS search criteria are and they will send you daily or semi daily updates of new additions to the MLS that fit your criteria.

I have been meaning to do it for a while.Sean - do you have any idea how many houses you buy on average per month with the volume of signs you use?

:roll: Yes it's been a great buying opportunity for RE and gold, but the uncertainty and almost daily shocks are getting old.

We do a heavy volume here in Phoenix.

It really is amazing that over the past couple of months of working out daily, just how focused I have become.

Their servicers are horrible and pull various schemes with "simple interest loans" that have interest calculated daily.

I guess the moral of the story is, if you put a bid in on a HUD house then I wouldn't expect them to follow their rule of posting results "daily"