Originally posted by @Joe Splitrock:
I always caution people to "consider the source". A sales person at Tesla will tell you a hundred reasons that electric cars are better than gas powered cars. An insurance salesman will tell you how life insurance is a way to turbo charge your investments. A syndicator will tell you how investing in a syndication is the only passive way to invest. A stock broker will tell you to avoid real estate unless you are invested in REITs. They all represent a view point that is biased by their own opportunity for financial gain. It doesn't mean they are wrong, but they are biased. That being said, everyone has some type of bias. If it is blatant self promotion, moderators will remove the post. If there is a healthy discussion, the post may still have value. If you disagree with the view point, share your own opinion. I have called people out more than once for trying to advance their own agenda. They may not like it, but if they can't defend their position under fire, they have a weak position. Criticism is the best way to validate ideas. It may sound strange, but the harder it is to poke holes in an idea, the better it is.
Hey Joe,
I understand your point, and agree with most of it(and can remember your name adding value to many topics that have interested me, thanks for that!)....but, I personally find it unsatisfying and frustrating to have someone start a thread about them investing in RE syndication and asking other investors experience only to find that they have started the same exact thread many times in the past AND after my exposure to their post....and then to top it off they are not even really investors, nor are they really going at the topic from an investor mindset, but, rather have a purely 100% ulterior motive of promoting their own syndication....AND to add injury to insult, they are really horrible garbage investments.
My opinion of most accredited investors, is that trust is a key component for them, when investing in Syndication. if the networking technique is disingenuous, it just comes off as corny-time-share-tactics-manipulative base level conduct that is unappealing, untrustworthy and wastes time.
I will say that all your points of essentially "caveat emptor" regarding ones own filter for things anywhere on the internet(including BP)are true, but, the benefit of micro-social media- climates like Bigger Pockets is that you get the benefit of other like minded, maybe even I dare say "smarter than me" individuals, weeding out what is the inevitable dissent into Craiglistification of said micro climate...meaning that eventually if all the post, or some critical mass of the posts, become of the aforementioned disingenuous type, the benefits of the this type of forum become less evident or more cumbersome and timely to get value from, and maybe even have negative return on time-equity.....IMHO
