Even though it was raining pretty hard, we still had a good turnout - John Hughes from Socotra Capital came and talked to us about using hard money and answered a lot of questions and cleared up some misconceptions.

I’ve noticed a few posts floating around about real estate syndication with some misconceptions.

The biggest misconception is that buying cheap properties are good investments.

You can see this in posts here where someone is so far off base in thinking they can do something in RE.I recall one post where a member was wanting to do his marketing to people who had received a quit claim deed, I like to see imagination, thinking out of the box, but that is in another universe because he had misconception of what that deed actually is and when and why it is used.

@Joe S.This is a common misconception among buyers- because they pay for the appraisal report they assume it belongs to them.

@Tyler Hallman I had that misconception as well.

And there's this common mis-conception here on BP among newbies that multies are "safe".

Its housing but very different than real estate.The myths and misconceptions have kept competition out of this market.

The common misconception is that it will bring you referral business.

Washington vacancy is still pretty high, its a common misconception that offices there are full.