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Updated over 6 years ago on . Most recent reply

DJ Dawson's profile image
DJ Dawson's profile image
DJ Dawson
  • Real Estate Agent
  • from Sacramento, CA
  • Member since Jan 8, 2015

User Stats

394
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259
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DJ Dawson's profile image
DJ Dawson's profile image
DJ Dawson
  • Real Estate Agent
  • from Sacramento, CA
  • Member since Jan 8, 2015
DJ Dawson
  • Real Estate Agent
  • Sacramento, CA
259
Votes |
394
Posts
Creative Real Estate Financing

HELOC or Reverse Mortgage

DJ Dawson
  • Real Estate Agent
  • Sacramento, CA
Posted

I am interested in hearing some opinions on this topic. I am working w a client who is looking to invest in my real estate business and I am assisting her through the HELOC process. A lender I trust mentioned that considering this client is 62+ and has 100% equity in their home that a reverse mortgage may be the best play for what we are looking to do (ideally the money will be used for 2-4 flips over the course of the next 12 months)

I would like some more info on this topic and appreciate any advice or tips from the BP community. 

PS: the client lives in Alabama

  • DJ Dawson
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