Did you ask the woman for more details about how she qualified?

To any experienced investors willing to show me the ropes a little more in detail be more then happy to message me, I live in the Southern California area to be a little more precise.

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

@Jaycee Greene yes I am looking at 535K@Kimberly Venable How about a duplex like this: https://www.realtor.com/realestateandhomes-detail/685-W-1850...?

To clarify some details that I should have mentioned earlier:I am in no rush to leave my W-2 position, as it provides great security, a steady income, benefits, and a stable foundation.

@Jay Hurst thank you for this detailed message.

Feel free to connect with me and send me a message if you'd like more details.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I would think their loan documents give them the right to control the property after the original owner dies - regardless of who is living there (although I have no direct knowledge of the laws where you live).There are details we don't know here... like if you want the house for sentimental reasons, or because you see the value between what it's worth on the market today and what the reverse mortgage company wants for it?  

Hello all,I'll start by saying that I tend to overanalyze things, but after a ton of analysis I've come up with 3 strategies and they all look interesting for different reasons, and I broke them down in detail.