Green Acres Case Study - Vacant Reverse Mortgage

On-Site Due Diligence: I share my experience of driving to the property and conducting a walkthrough. This includes assessing the neighborhood, the condition of the property, and any potential red flags.

Property Condition Assessment: We discuss the condition of the property, including the need for a new roof, sheetrock repairs, and general updates.

Market Analysis: I compare the property to nearby comps and discuss the challenges of valuing properties in rural areas with limited zoning.

Reverse Mortgage Considerations: We explore the unique aspects of reverse mortgages, including the foreclosure process and potential exit strategies.

The Decision: Based on the on-site assessment and market analysis, I share my decision on whether or not to pursue this deal.