Hey Alex,If you really want to increase your profits then I'm about to tell you an advanced tactic that you need to add to your mix.First check to see if your state is land contract friendly.

Forgot to paste the Wells guidelines:Effective with new registrations on or after December 15, 2008, Wells Fargo Wholesale Lending will require that properties with increases in value during a short period of time (0 – 24 months) must include the following requirements to document the validity of the increase in value. • Reason for the increase: The appraisal must include the reason for the increase.

They do not increase the wealth of the nation, state or municipality , but rather increase their own wealth at the expense of us all.

A professional wholesaler will view many houses each week/month which will increase the chances of finding the properties that are most profitable.

Back when interest rates were around 6.5% I talked to some Mortgage Bankers / Brokers and estimated that if we bought a $150,000 house with a 3% down payment we would be paying the same as we are now after PITI minus tax advantages plus the increased utility bill we would be paying if we had a yard and extra square footage plus maintenance expenses.

I mentioned the banks always lose when they enter fixed contracts, so they want to balance their exposure immediately.FNMA & FHLMC were sponsored by the government to securitize mortgages and sell them on a secondary market - the purpose being to loosen/increase the cash flows available to banks for lending.

You can't make money without closing.Saying that more offers increases the odds of a closing is false.

We're confident we could increase cash flow by adding carports, a small playground, a storage facility, etc.

I look forward to increasing my circle of influence with some members of this forum.

"To be frank, since the TARP money came in, they are still selling off (properties at auction), but they kind of took a step back." . . .Real Estate Disposition LLC (REDC), which claims to be the nation's largest real estate auction company, held 300 ballroom auctions in 2008 and sold nearly 33,000 foreclosed homes for $3.4 billion -- a seven-fold increase in sales volume and nearly triple the proceeds the company generated in 2007.Company CEO Jeffrey Frieden said he expects to "smash that record" this year as banks and lenders continue to amass a huge inventory of foreclosed homes and are more motivated than ever to sell their inventory. . . .Some observers fear that if the massive amount of debt the government is taking on to stimulate a recovery, inflation -- and higher interest rates -- are inevitable consequences.