The “invest overseas” and HELOC parts complicate things and took this discussion in a different direction than I intended. So let’s take them out of the equation.
What if it’s just purely a reverse mortgage, then let say money that comes out of it gets stashed in a low risk CD or t-bills etc. Do you think that’ll allow me to achieve my goal of “locking the profits in without selling the property or moving out” ?
Has anyone done a reverse mortgage or is in the process of doing one here ?
And powayseller thanks for the “welcome back”. Actually I was never totally away; it’s just that I’m 12 hours behind so makes it hard to follow some of the discussions. Enjoy your posts btw and am amazed by how you can recall figures and facts 🙂
