There is a misconception by many on BP (including brokers and hard money lenders) that the purpose of the loan (a business purpose like holding and leasing single family dwellings) is sufficient to call the loan a commercial note, that  can be wrong!

Common misconception, FHA loans are supposed to make home-ownership more attainable.

I have lived in the Inland Empire my whole life. It has gone through 3 Major booms and busts. Every time there is an insane amount of inventory compared to every where else in SoCal. Currently we are in the best buyer...

I was just telling pops today that there was a big mis-conception about the rising home prices this past April, due mainly to the first time home-buyer incentives from Uncle Barack.

@Jason Ligon I think you have a serious misconception of how other folks feel about HUD houses.

One common misconception is that the returns will go up as the number of units go up.

I was under the impression that "listed" properties were the ONLY ones available to purchase (which btw, is a complete misconception).

The misconception is that there is a bubble.

Just want to correct the obvious misconception about him.

It's not magic, it's the purpose of the appraisal, to support the value the market determined, not the other way around.Anyway I didn't mean for such a long post but I hope it helps anyone who may have had the same misconception that appraisers can determine what a Home is worth.