Another point too, exaggerations and misconceptions have been voiced on both sides of the due on sale clause contained in mortgages.

I believe this is the biggest and most dangerous misconception presented to new wholesalers.

@Erik Stewart I wouldn't call it underdog, but people have this misconception that service members don't get paid well.

First, one of the biggest misconceptions about wholesaling is that it is easier somehow than taking the deal all the way through and buying the property.  

This is a common misconception and something the marketing departments of the custodial firms want you to believe, but it is simply not true.  

A lot of people come here and "heard" something and have no regard for what takes place in one state vs another, or what was doable 5 years ago as opposed to now, or just don't listen period and end up with a misconception of what is do-able. 

A search of "cap rate" right here on BP will show the misconceptions surrounding cap rate.

Because BP considers linking to testimonials or giving specifics on our borrowers' success as promotional if you want that information you can contact me and I will be happy to give that to you.Probably the biggest misconception of DHM is that we charge an "upfront fee" this is not true.

You are taking a stranger into your property and must hold control to be able to more esaily get rid of those that do not fit.Term leases do nothing to help a landlord contrary to the misconception that it controles when tennats will move.

I noticed some real big misconceptions or errors for some expert bp bloggers.