Maybe they could do some sort of private reverse mortgage?

However, depending on your loan type, if you put less than 20% down, you may have PMI (private mortgage insurance) which will make your monthly payment higher by up to a couple hundred dollars.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

The loan can be called, but in the 45 years I have been doing this I can only recall a handful of cases and it usually was Credit Unions or private money lenders.  

The main programs that study this show a far different look than the appropriate (private & costly) programs.

I feel like my best route to getting started is by working with partners or private lenders given my current available capital.

Dive into syndications and private placements as a passive LP partner.Birmingham was my first out-of-state investment experience, so it holds a special spot for me.

Texas is exploring several public-private partnerships to tackle housing affordability, especially as demand outpaces supply.

Sometimes it’s surrendering the ability to get your money back at all… see this thread on Norada Capitalhttps://www.biggerpockets.com/forums/960/topics/1196567-nora...Unrelated to any investment I have made or even real estate, I have watched both my parents fall victim to clever marketing scams where they lost a combined 6 figure sums - both from in person marketed investments… so not something like a phone scam… but was a private placement “opportunity” not unlike how a syndications are offered, where management siphoned off investor money and used it for their own purposes.   

For our private lenders, we use people in our local real estate community.