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Started By
Message
re: Parents considering Reverse Mortgage
Posted on 1/12/23 at 2:11 pm to lsu13lsu
Posted on 1/12/23 at 2:11 pm to lsu13lsu
quote:
So they invested their life's savings into it and now get nothing from it?
I don't believe the OP started this thread in order to have people critique his parents' business acumen or ridicule their decision making. Many business owners have done the same thing over the years and lost their shirts. As I'm sure you know, there is no guarantee of success in that endeavor.
2
Posted on 1/12/23 at 2:19 pm to AUHighPlainsDrifter
What's the value of the home?
Posted on 1/12/23 at 3:33 pm to AUHighPlainsDrifter
quote:
I don't believe the OP started this thread in order to have people critique his parents' business acumen or ridicule their decision making. Many business owners have done the same thing over the years and lost their shirts. As I'm sure you know, there is no guarantee of success in that endeavor.
True, but he said the family was now running the business after they invested all their money in it. So, I needed more context. Because it sounded like they handed it over and now get nothing.
I regret sounding negative about it.
This post was edited on 1/12/23 at 3:34 pm
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