Deals like this don't come often - need to have liquid cash to be able to jump when the opportunities present themselves.

If he has a large stockpile of cash or liquid assets, this can also help mitigate risk.  

Depending on your liquidity/vesting in these retirement accounts - utilizing these accounts can be a great way to purchase more property, you'll just want to be sure you're covering all the bases to keep you on track for retirement, emergency fund etc.If you have any more specific questions as it relates to financing i'd be happy to chat more in the DM's!

If you are strictly the developer and not he owne, there are fewer liquidity options.I'll be interesting to hear the conversation and what opens up around it.

I’ll be most accurately judged in 5-7 years after all this dust has settled and people see which sponsors are still here, which got foreclosed, and which liquidated at massive losses.  

I'm thinking the liquidity of the HELOC would be great to pull the trigger on a good deal when it comes and I don't want to pay interest on taking out money I'm not actually using yet since I haven't found a property yet.  

As mentioned everyone's strategy is different, I'm risk adverse & enjoy liquidity.

But it does make a compelling case for investing, plus that keeps your cash more liquid and gives you more options.

Answering any post that starts with "I have one million in liquid cash and not sure what to do with it".  2. 

Take a sandwich, apple, drink, and weed spray and do your loop once a week.