What is the best way to approach this potential seller

[Philip Tun]

I decided to get into wholesaling about 2-3 weeks ago and been trying my best to get leads. I have been talking to a for sale by owner and he needs to sell the house because he is moving out of state. I asked him if he owed anything on the current house and he told me he has a balance of 402k on a reverse mortgage. The comps around that area is about 430-470k. It is in a desirable area and also a good potential rental property. I know this because I literally grew up 5 mins away from him. I was wondering what is the best way to approach this owner to do a wholesale deal. I do not know too much about reverse mortgages, but i know this would be a good investment for someone. I am very new to wholesaling and been reading a lot on posts and books. So any information or advise is very helpful.