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Reverse Mortgage Blog

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The Landloard

February 6, 2019

M. K. with a great deal of equity and high payment was cash poor.  He was an empty-nester with a large house payment.  He sold his home and purchased a 2-plex with a HECM.  He now lives like a king with no payments while collecting the rent on the other three unit.

You can also take funds from a reverse and buy an income property (or a vacation/retirement home) and no payments, depending on price, and have no payment on either property.  Whey you pass, your heirs can sell one property and pay-off the other.

Jay Kaplan profile picture
Jay Kaplan
This is the place to share. Share news, updates and opinions. The reverse is the most misunderstood item in the lending and financial home ownership arena; we need more exchange of ideas. This area is for questions and, I hope; answers. Please keep the dialogue going in the name of education, and that goes both ways. Please see that I have added two categories from The Educated Retirement show for Nostalgia and Wisdom
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This is the place to share. Share news, updates and opinions. The reverse is the most misunderstood item in the lending and financial home ownership arena; we need more exchange of ideas. This area ...
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