Browsing reddits realestateinvesting sub makes you appreciate BiggerPockets

[Henry Lazerow]

I have made several great connections on BP from contractors to many millions in closed deals from house hacker clients. I even met my business partner on here who started as one of my realtor clients and we are now on our 2nd project together. BP doesn't hide real names of users which adds validity to whats posted on here and I think this site does a good job of keeping guru spam out. But then comes Reddit haha I have never seen a group of bigger losers in my life. Most of their deal numbers posted make no sense and it seems many are completely lying under hidden usernames. I posted a few deal diaries on Reddit and got 3 client leads all were complete junk, one I swear I heard his mom yelling at him in the background during our call, another was talking about building a huge portfolio of rental properties when had $0 in savings. I was trying to be nice and just explain that you can't actually manage real estate if you have no money and no experience. Even if manage to find a crazy deal with instant equity to cover your down payment (unlikely) still need reserves to safely repair and manage it.