[quote=gpdrasnin] . . . There are many seniors in the same situation and this could lead to several opportunities for both the seniors and investors! Rents and home prices are so high that seniors cannot sell their current home and afford the cost of rent or a mortgage in addition to living expenses for any length of time. I love helping seniors and I truly believe that my client has come up with a wonderful solution that may work well for many others. Are there investors that would consider this type of Life Estate scenario? Is it a good deal for them? Please feel free to pick it apart….THANKS![/quote]gpdrasnin, I’m trying to understand why an octogenarian (or older) would want to sell their current home and move to a much more expensive home (in the absence of moving to a board and care facility or nursing home). Especially one who owns a home in CA and may be paying just a few hundred in property taxes in accordance with Prop 13. And one who will not be moving to the more expensive home to be near relatives. And who already owns a condo so doesn’t have the burden of taking care of a big lot.

Perhaps you can enlighten the Piggs a bit more on her situation for inquiring minds.