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.  

A lot of people exaggerate how much they do.

Back when I messed with apartments, the cap rate was exaggerated almost every time.

This comes from someone who gets sent hundreds of opportunities each month with 99.9% of these deals a complete train wreck (and that's no exaggeration).  

You can always exaggerate the actual work you want to do....doesn't mean you have to actually do it all..

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

I think a lot of times these guys are exaggerating the time they put in.that said it’s refreshing to hear real life struggles (hate to say that) of real life folks just like me trying to better themselves.

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

This scenario is extremely common and while I exaggerated numbers for effect, I have had this conversation with clients and their CPAs and the client is usually surprised when you put the numbers on paper.