On a related note to yours, @retipsterseth, the number of people who expect that an investor (who's telling them he resells properties for a profit) should pay them what they paid for their property back in 2005, even though both the market and tax assessor's values are both a fraction of that amount today, is pretty high. I don't necessarily blame these people, in that you haven't taken the loss until you've sold the property, and maybe things could appreciate back to that level someday, but if you're having a hard time paying the taxes now, the odds of you holding the property until that future point objectively seems pretty slim.
A myth is that its impossible to find off market deals at below market prices.
Another myth is that homeowners would sell their primary residence or income property for below market value or without the need to qualify for a loan.
While there may be few doubters here, most non-REI folks believe this.
I hope this isn't too controversial, but for me it's that wholesaling real estate is a beginner strategy.
Sure assignments can save you a lot of upfront costs, but wholesaling has a lot of moving parts that can really mess people up if they don't do it properly.
You Should be Rich Enough to Invest in Real Estate. This is the biggest real estate myth which often dissuades people to make an investment in this sector.
And the most common myth are all real estate agents make boatloads of money.
That you need 20% down in order to get in to real estate. So many people are shocked to find out that they don't need that much down and that there are programs that will let you get a mortgage with around 500 down.