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Sell it and rent. The bank won't even come close to the true value of the home for a reverse mortgage.



Selling it means I can't live in it anymore. Renting is the ideal option, but if I'm 85 years old, maintaining a rental property or dealing with property managers would be tricky at best.

(My actual goal with my current property is to sell it once I'm having trouble going up the 3 flight of stairs leading to my unit and using the money to live in a much smaller place as people mentionned already)


IMO he meant sell the property and rent for Yourself. invest the proceeds.




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