Pay attention to the "release clause".Also, just curious...why were you wanting this product specifically?

With insurance its better to use a commercial product and have the insured as the LLC.

@Jack Ha if you know the product you need but just need it in a specific state try posting in that state forum.

The incoming rent is more than sufficient to cover any extra monthly fees incurred from the new loan product.  

Most of what these big box companies tell you are half truths. 4) Focus on relationships over sales production and you'll actually build a career and not buy yourself a 9-5 expense monster. 5) Keep your overhead low.

Lumber prices have dramatically declined since reaching an all-time high in May - as much as 50%. 

I do know of a lender that has no loan min requirement. 15% down is also really tough but perhaps possible with a fix 'n' flip loan product where you finance a portion of the renovations.

In my market, prices have skyrocketed, inventory has steeply declined, and demand has risen.

In my market, prices have skyrocketed, inventory has steeply declined, and demand has risen.

Hi all,I've recently been learning more about reverse mortgages, and while I realize it's meant as a product to help retired folks/62+ who need a bit more additional spending, I was thinking of using it a bit creatively and I was wondering if this method is even feasible?