The bank made loans to a bunch of amateur speculators who over - leveraged, who didn't know how to calculate cash flow using worst case scenarios (or didn't bother to), and they all failed when the market got tough.

The problem is when the investor is an amateur and didn't underwrite their deal properly or don't have the cash reserves to survive a tough quarter they blame the property manager.

., but you have to be careful because I find most of the people selling coaching, classes, etc are amateurs.

LoopNet is free and is basically for amateurs (I call them Loopsters), but can be a great source to find brokers.

Hey everyone! I've been a BiggerPockets member for quite some time now, and have spent a good chunk of time lurking the forums and trying to gain as much knowledge as I can before I make the deep dive into real estate...

I know..we look like amateurs! 

(although my first few purchases were 1% because I was an amateur hehe)

Best ~  Yea that site screams amateur hour to me.

Days like yesterday can make even the biggest amateurs look brilliant, so never rely on them but always cash out on them if you bought during the drop.

@Evan PolaskiYes, the old saying of what separates the professionals from the amateurs rings true here.