Here's a great idea brought up at the Intero Mexico kickoff: Being that:
1. Mexico real estate is now available to be purchased by US citizens via the "fidecomiso"
2. Reverse mortgages are becoming very popular with people over 62
3. The baby boomers want to be active in their later years
4. And finally, passive rental income is always nice:
There will be a good trend of retirees who tap their equity via a reverse mortgage (no monthly payments) to pay for a vacation condo in Mexico (all cash) and then enjoy the benefits of a place to play AND rental income too.
Hellooooo......!!!!!
I'm calling my mother right now.
