Is Bigger Pockets Creating Unrealistic Expectations For Investors

[Russell Brazil]

One of the more complex parts of being a real estate agent is setting realistic expectations for what your client can expect from the market. There are always going to be people who have unrealistic expectations, but I seem to be getting more and more of these type of potential clients contacting me from Bigger Pockets lately. They think they should be able to buy a $500k property for $350k, or think they can make $100k on their first flip. They are so convinced they are right that no one is going to buy property X at price $Y, and if they do they will lose money...when in fact they are 110% wrong...someone will buy X at $Y and make good money.  Or they want the cash flow of a C Class neighborhood in a Class A neighborhood.

So what do you think, does BP help to foster unrealistic expectations amongst investors?

[Priyanshu Adathakkar]

The biggest flaw I have seen here is inexperienced people giving advice when they themselves have no clue of what they are talking about!