If he has a property that doesn't cashflow for a few years, it's nothing to him.Don't bet the farm if all you have is a farm.  ...but, if you have a thousand farms, maybe it's ok to roll some dice on a couple of farms occasionally...As with all things, it's all relative and contextual--which is why a hard and fast rule that makes sense for one investor might make zero sense for another investor.

One type of coach is a "group" or "community" where active investors are meeting and occasionally you find people who can answer your questions.

Here nearly every auction is on a Tuesday, 1st Tuesday of the month, so they will get paid on Friday/Monday...and occasionally 5 mins before the sale.You are correct $500,000 properties rarely get sold for $10,000.   

With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.

Normally the Trustee is empowered to sell without beneficiary interaction, but occasionally the beneficiary could be involved. 

We occasionally, get tempted by Spokane.  

You can still find the occasional good deal, but you have to be patient for them. 

While TD Bank is a known option, other national banks like Wells Fargo and Bank of America may occasionally offer similar products, although their policies could vary.

My strategy evolved to buy and hold, with an occasional flip. 

Occasionally we did find ourselves in a tight spot, and had to use my husband's HELOC and 401K, but that was after we had already had success and knew that what we were doing could work.