So I’m an investment agent, and recently I’ve been going to auctions to prepare myself for getting into the fix-and-flip game. I’ve worked with investors for a while now, and I’ve seen the kind of money they make on t...

- NEVER ask how much per month as many exaggerate!

I don't really know all the facts but appartently some hundreds of houses had appraisals faked and largely exaggerated and passed on to banks and mortgage lenders who ended up holding worthless or underwater loans.

Quote from @Michael Smythe: Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?

Once you’ve experienced the “promotional” packages put together for a few dozen deals you’ll begin to realize that 50% is fantasy, and the other 50% is exaggeration.  

The story was extremely exaggerated by a Scottish journalist in 1841 who was ahead of his time in the "Fake News" sector, and the tulip "mania" actually didn't involve very many people and had very little economic impact:  https://www.smithsonianmag.com/history/there-never-was-real-...I suppose we can still draw lessons from a story that is mostly fiction, but more accurate comparisons would probably be the South Sea Bubble in 1700s England, the 19th century railway bubble, or the dot.com bubble.  

His blatant lies are well documented going all the way back throughout his life: repeatedly saying his convention center was the biggest in the world when it wasn't in the 70's, lying about his wealth to get on the Forbes 400 list while also claiming bankruptcy to avoid paying his debts and taxes in the 80's, saying he had cashed out of the stock market one month before the 1987 crash when SEC filings showed clearly that he hadn't, saying he had helped look through the rubble to help find survivors after 9/11, bragging that his building was the new tallest building in Manhattan after the twin towers fell which is gross even if true but wasn't even true ... his whole life has been an energetic stream of blatant lies and exaggerations. 

The rental returns are greatly over exaggerated and many monthly Mgmt and other costs are hidden, under quotes or omitted in their promotion.Don’t trust RETA to do your own homework.  

If they underestimated income and exaggerated expenses, it could also be double that.

Kenny, on the other hand, had no presentation and relied on exaggerated, too-good-to-be-true claims and still walked away with sales because people focused on the numbers instead of the substance.On the surface, buying, renovating, and renting out investment properties sounds simple.