Branden~let me give you 2 quick samples.... 3+ acres in prime Beverly Hills post office, requiring new (already approved) construction of SFR, with a profit potential of $1.6M and more.OR:  Santa Monica, excellent location across street from popular school, existing structure already demolished, approved plans for 3-5 units, with a possible $4.9M in profit.Originally posted by @Branden Chhuor:What kind of deals are we talking about?

In fact, most of them are sending me MLS listed properties which is indicative of either the difficulty in finding real deals or their lack of marketing.As an example of just how crazy the market is near where I live (Beverly Hills, Miracle Mile, Beverly Grove area),  my wife Catherine instagramed this photo the other day while she was door-knocking her farm.If I were to get into wholesaling, I would focus on more economically depressed areas with decent turnover (among many many other factors).

Originally posted by @Beverly Buella:Hi there,Can anyone recommend a general contractor in the Philadelphia area? 

@Beverly Rogers - She told me it's $600 up front.

Don't panic yet.For example if this is a home on Beverly Hills and the renter is some big shot that's a bit OCD who knows. 

(Eddie Murphy in Beverly Hills Cop II - Sorry, I use the line every time I meet someone named Phil/Phillip.

A $90,000 house in Beverly Hills would basically be free.

@Beverly Rogers and @Ben Leybovich MY FIRST COMMERCIAL We started on the office space simply cosmetic for now and then saving up some monies for engineer and the legalities. this is one of the mistakes of not knowing what you are doing  and not paying attention to formulas and getting into a bidding war with the past owner!

When you purchase property for below market rates in these circumstances, you take the property "as-is," meaning there could be a huge hidden flaw of which you are unaware that you need to pay for later.For example, my husband and I purchased our first home in an auction and got a great price for a two bedroom condo in Beverly Hills.  

Beverly,I just spoke to my business partner who is the President of NARPM Houston chapter.