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re: Parents considering Reverse Mortgage

Posted on 1/12/23 at 11:28 am to
Posted by lsu13lsu
Member since Jan 2008
11488 posts
Posted on 1/12/23 at 11:28 am to
quote:

I am the entire family. Nobody else. I don't want their property. I have my own to worry about.


Three options I can think of:

Sell and rent a new property

Sell to an investor who will then rent it back to them

Reverse Mortgage (I have no insight here, I was just brainstorming options for you)
Posted by coverboy
Morgan City
Member since Sep 2005
394 posts
Posted on 1/12/23 at 11:30 am to
Appreciate all the input. I'll make sure they consider all of these options before committing to anything.
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