The need for an LLC is grossly exaggerated on BiggerPockets and other websites.

I signed up for one of his investment partner deals about 7 years ago and he scammed me for $7,500. it was a contract to invest money in a gold buying store where he promised a nice residual income and profit, however these #s were exaggerated and when it came down to it he gave me the run around to eventually ignoring my emails, calls and texts.  

Once again, that's being VERY generous, I'm going by what my friend tells who is a newbie in this business and is just starting out to learn.I am not exaggerating when I say that virtually all of the useful information is easily found online and in books -- which are constantly downplayed and dissed by instructor Ryan, since he knows that they are a much less expensive and far more educational alternative to FortuneBuilders' "Mastery" coaching. 

@ lawrence taylor One thing to consider when you are at these REI events is that many people who seem like they are "making it rain" with marketing or picking up properties, exaggerate what they're doing, how much they have and what they've done.

(Believe me, this is not an exaggeration, the internet is that big. ) And if they did know, how will they find it? 

I think too, what you're speaking of is maturity and simply being business savvy enough to understand the difference between hype, exaggerations, fluff, puffing and reality.

All be it, the actors are terrible, but they are just actors playing out very real exaggerated scenarios.

Get over yourself and if you can't bring yourself to apologize, then at least STFU and slink back to whatever corner of the internet you came from.While I have no idea if the OP is exaggerating (I suspect not), I do know what I did and what I'm capable of and your whole attitude is sickening.

There's an increased risk (not a guarantee, just an increase) that they'll cover something up, exaggerate performance, etc.

I have a lot of problems with lenders that are not based in ohio or local in regards to getting appraisals ordered or them exaggerating the condition of the property and making a laundry list of items subject to because they are not familiar with the market.