Should I get a reverse mortgage to utilize equity to invest?

[Rosston Smith]

The person I know is 76, he has $300k of equity in his property and wants to stop working. 

My thought process is if he gets a reverse mortgage lump sum, he can invest that money into cash flowing multifamily, and can live off of the cash flow and when he dies the investment can be used/sold to pay off the reverse mortgage.

What are your thoughts on this? I'm searching for the best way to utilize his equity so he can stop working. 

[Chris Davidson]

@Rosston Smith I am with @Vinnie Da silva go with a HELOC. But for what ever he buys it doesn't matter but HELOC are a bit more simple. However at that age would he be better off selling and just renting so that he has no maintenance to worry about? Or would selling leave him with too little to continue the life style?