This appeals to some of our borrowers who are more concerned with limiting their initial cash outlays than with the rate.

Situation: Years ago the owner of a property worth $1M and an elderly property owner placed a REVERSE MORTGAGE on their property which when funded allowed her to stay in her home and receive distributions from the lender up to a MAXIMUM sum of $700K. 

If I were to ever leave eXp, I'd cash out with hundreds of thousands of dollars worth of stock. 

Here's a rundown of our current financial situation and REI experience:Current Properties:Short-term rental in the mountains of NC:- Owned outright- Grosses $2-4k per month- Valued at $400kCondo in Charlotte, NC (long-term rental):- Owned outright- Rents for $2.9k per month, cash-flowing $2k per month- Valued at $350kPrimary residence:- Located in NC- worth $800k, owe $200kMy wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties.

My customer also has no idea what the value of said property is worth in todays market.The property consists of approximately one acre of land located in Maine. 

I purchased a SFH as an investment property -  I’m reading here  there some CUs and banks who will allow a 80% heloc (in order to get cash for another investment ) .

If it ultimately comes down to me having to do  an eviction, ejectment or cash for keys then so be it.  

Just wondering if the risk and benefit is worth it or not.

If you do decide to purchase a primary, a multi-unit property could be a solution in terms of receiving cash flow on the other rented out units. 

Purchase price: $584,000 Cash invested: $116,000 This pet-friendly 3-bedroom, 3-bathroom house overlooks Aunt Patty's Pond and is adjacent to Dennis Pines Golf Course.