A common misconception is that you need a formal business structure such as an LLC in order to get a business credit card, but all you actually need....is a business. 

@Dave StokleySaw your post here on running STR properties and the common misconceptions.

One of the biggest misconceptions I do my best to help our fellow veteran brothers and sisters understand is that you can use your Certificate of Eligibility (COE) more than once.

There is a misconception that "intent" is sufficient, which is just not true.

Tell them is a misconception in Congress that self-directed IRAs are only something the wealthy do and that this only hurts the wealthy.

I think there's a misconception that there is a mentor out there who knows everything we need to know to become successful, when in reality, I believe there are many mentors, each specializing in their own field who can teach us what they know as long as we provide value to them. 

So...there can be much value that a wholesaler brings to the table, both for buyers and sellers, but there just like anything, there are right and wrong ways to conduct business and BP simply warns of the wrong ways wholesalers can sometimes conduct business.I think one of the HUGE misconceptions is that wholesalers can close deals faster than Brokers.. this simply is not correct..

HELOCs in general get a bad reputation because of all the misconceptions about what they do and how safe they are.

That’s because it’s widely misunderstood, and because of that we’ll start with learning about the common misconceptions so you have a clear understanding of how IRR works.Don’t be alarmed by the following definition, because this isn’t advanced calculus, but IRR simply put is the percentage rate earned on each dollar invested for each period of time that it’s invested.

Steven, the 5% conventional loans are fairly common, most people have a misconception that they cannot be competitive in an active market with them.