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Updated almost 2 years ago,
Have an opportunity, need help with strategy
Hello friends,
Like I said, I have an opportunity. It could be beneficial or a total nightmare. I made a similar post with great feedback. So great it made me realize I should rethink the entire strategy.
I was introduced to a couple, both in semi poor health. They have a limited income and do not want a loan where they need to make any payments. They own a home outright worth approximately 400k
They want cash to pursue some alternative medical treatments. The wife wants to live in the home until she passes. Her health is poor but not terminal. That is the sellers bottom line-100k cash and to stay until she dies.
They don't want a reverse or a HELOC because they can't afford the payments and don't want to do the required paperwork. They want cash and they want it asap.
What would you do?
This is such a valuable resource and thank you everyone who is willing to share your knowledge and experience.
Thank you