M. K. with a great deal of equity and high payment was cash poor. He was an empty-nester with a large house payment. He sold his home and purchased a 2-plex with a HECM. He now lives like a king with no payments while collecting the rent on the other three unit.
You can also take funds from a reverse and buy an income property (or a vacation/retirement home) and no payments, depending on price, and have no payment on either property. Whey you pass, your heirs can sell one property and pay-off the other.
