There's a misconception that people has in thinking that a contractor knows what he or she are doing because they have a license.

So when they see you achieving and doing what they still wish they were working toward it's natural for them to feel uncomfortable and try to talk your success down as it makes them feel better about their own situation.One big misconception is people think someone gets lucky and all this success happened to them. if you read almost any of the books of highly successful people they had many failures.

In many situations, an older property can be PREFERABLE to a newer property.One of the biggest misconceptions by inexperienced RE investors is that new houses are inherently less costly/less headache to maintain, and inherently "better" than older houses.

A common misconception is that real estate properties under $1M have a smaller tax basis and therefore do not benefit from a cost segregation study due to the associated fees.

I see a lot of assumptions / misconceptions about my personal situation in the responses so I’ll try to clarify a few — obviously language isn’t perfect, certainly my choice of wording isn’t, and I also didn’t want to write a full dissertation about my personal background [nor make you read it] before starting.

What would qualify a property for one over the other.And another common misconception is that you have to have a ton of money to start lending.

This, in my opinion, is one of the biggest misconceptions among new investors! 

So the mistakes and misconceptions most carry in the door, i didn't have. 

Sharing a few common misconceptions I run into when discussing syndications with passive investors.

@Jason Carrillo you mentioned old houses, and it sounds like you're suggesting that old houses automatically come with more risk/headaches.One of the biggest misconceptions by inexperienced investors is that new houses are inherently less costly, and less headache to maintain than older houses.