To a certain extent, I have noticed a little bit of a return to the 2007/2008 group of folks who migrated from origination to distressed loan investments which clouded the water with all sorts of misconceptions and intentions.

I don't mean to cast all agents in a negative light (because that would be a gross misconception) - but I bring this up because I've worked with a few who have had a tendency to sugarcoat the facts, distract from the real areas of concern, and are constantly pushing me into a buying now decision (rather than being patient and looking for the right deal).

They have a huge misconception that foreclosure will give them the property back.

I'll try to add some value and correct a few misconceptions:) Bill Gulley The fundamentals are the same here as they are in the U.S. - that's why I'm always pestering you to pick your brain :) That said, though lease options, short sales and foreclosures can happen here, they are not as common (lease options and short sales), nor are they a screaming deal (foreclosures) ... most REOs here are sold pretty much at market value - this is mainly a matter of market size and inventory.

Joe, sorry, quickest way to say this is just by saying, you have some great misconceptions about seller financing and setting values and structures.

There are a few misconceptions floating around.

The misconception of builing a team:People talk about it as if you are going out.

Then I don't understand the following quote from the article:"Probably the most common misconceptions deal with taking over the property ‘subject to’ a senior lien, which is a little different as a lender, since we don’t have to buy out the first lien in full.

You also can request a loan as long as you have a verifiable income, doesn't have to be on active duty to use the loan, it is a misconception since the Va guarantee the loan, not the Air Force in your case.

I've had great response from people that have a much better grasp of cap rates and leverage from showing your misconceptions of these two common real estate concepts.