It said that at most custodians most of there assets are not deployed in active lending; sitting in those accounts either getting low interest or no interest returns.

DOM is still increasing, 91% of list, over 6mo of inventory.BUT you want to buy when low, hold for some years and sell high, right??

But, hey, no income tax so Texas can call itself a low tax state! 

However I believe we are in a market where there are more deals to be had through NAV discounts in REITs than in the (imo) ridiculously low cap rates that much commercial property is selling for.  

Max out 401(k) up until the employer match.

The right thing to do is get him to a lender like us that can do a no income no employment primary residence loan to get him out of his hard money balloon. 

They are low doc loans, some only require a soft pull, a full appraisal will always be needed, but they can close in 20-30 days.

Now granted if something does go wrong in that a+ property you are not diversified, but i agree people get caught up in door disease and inflate their egos because of their door count. we invest in mortgage notes and I could go buy 500 notes that are low value but instead I would rather have 50 higher quality loans.

If the property moved from the owner-occupant-only phase to the extended phase, it means no one during that first window submitted an acceptable bid (either price was too low, or the financing didn’t line up).

Second, if you don't have it already, develop an aggressive savings plan, you will need 10-20k on the low end (down payment/closing costs/maintenance/reserves/etc..).