The need for an LLC is grossly exaggerated on BiggerPockets and other websites.

I signed up for one of his investment partner deals about 7 years ago and he scammed me for $7,500. it was a contract to invest money in a gold buying store where he promised a nice residual income and profit, however these #s were exaggerated and when it came down to it he gave me the run around to eventually ignoring my emails, calls and texts.  

That was a bit of an exaggeration, but it sure felt that way. 

A lot of people exaggerate how much they do.

And I've seen more egregious exaggerations than just that.

Back when I messed with apartments, the cap rate was exaggerated almost every time.

I won't say it was the main reason but it definitely wore me down and it made me resent the idea of going to college, but one of the reasons I decided not to go to college is because every normal conversation I ever tried having with my parents, about anything at all, ended up being (not exaggerating) 30 minutes to an hour long lecture about how I need to go to college.

This comes from someone who gets sent hundreds of opportunities each month with 99.9% of these deals a complete train wreck (and that's no exaggeration).  

You can always exaggerate the actual work you want to do....doesn't mean you have to actually do it all..

The need for an LLC is grossly exaggerated on BiggerPockets and other websites.