The increased income from paying down a mortgage is a misconception as you are actually decreasing income due to lost income the equity could be generating elsewhere.  

There's a common misconception that private property is fair game for these signs. 

I like @Ryan Harthan's suggestions, accurate description, while avoiding any misconception of the term "wholesaler".

:D This is a pretty common misconception; and to be honest, the only reason I know it is that it was a recurring topic as part of my licensing class.As you mentioned, consideration *IS* a required part of any contract, but specifically for real property transactions, just the *PROMISE* to buy or sell is considered consideration enough.That said, I think even most attorneys would suggest putting down EM, even if it's technically not required for a valid contract.

I've been in several discussions recently about misconceptions about wholesaling, and I always like to bring as much clarity as I can to a topic.

@S Taylor there sure are a lot of misconceptions out there.

Experienced investors like yourself are the few who understand the misconceptions that created.

You'll have to forgive me as some of these posts were made quick a while ago but I wanted to clear up any misconceptions.

Just to clear up a common misconception.

Naturally I assumed it was true, then one day after doing some random research I came across some great information that I'm sure others would find very helpful as again you have probably been told the same misconception as me.