I have never heard that term!

It's not hard to find a millionaire that has never used debt. 

Like you said, one needs to be able to find deals, know that they have found a deal, have the skills to develop leads and lead sources, be able to negotiate the deal when found, communicate well with others.Often deals start out as opportunities. 

It's like being a novelist and people write a review that they never read the book but don't like the genre (happened to me- better to understand that some people are negative and walk with your head high).

You'll never have every piece of data and every question answered to make a perfect decision.

There's nothing wrong with active investing (buying rentals), just make sure you go into it understanding how much work it is, and be prepared for it to be a side hustle rather than a source of passive income. 

Bank loans on a lot of deals and then the runway ends and we don't find out until we have several contracts and end up in a crisis.

I mean its easy to get a building permit in small towns in texas , but never encountered this before owning the land.I own several lots in this particular town but they are not issuing any new water meters until their new water well goes online which wont be until January.

Hello all,I recently transitioned from finance to real estate, am looking for deals to fund and my question is two-fold:1) Investors - for those of you funding your investment properties with hard money, where / how are you identifying your funding sources and what are the most important criteria in arranging your financing?

I never thought such a small town would have its own brewery!