Yes - i am forecasted to run out of money with millions in RE. In that scenario I would HELOC/reverse mortgage/sell + rent. I would like to use my home equity if I need to.

Not sure if this changes the ask or not, but thinking about the situation you’re modeling: - you’re approaching 0 liquid assets, - consequently you’d have very little income, I assume, which would exclude you from getting a HELOC or home equity loan due to high debt-to-income ratio.

So reverse mortgage would be an option, or just selling the home, likely paying very little tax, putting the proceeds into a taxable account and living off the passive income.

Selling the home and living off the passive income is quite straightforward to setup today. Set a sale date on the home, add a cashflow priority that puts the MAX communication into a taxable account.

Reverse mortgage has somewhat different mechanics and needs it’s own implementation. Probably as a section on the House asset itself.

I’m curious which features you’d find most useful to add.

Separately, being able to model HELOCs and Home Equity loans can be done in a round about way, by adding a separate Debt expense, but they wouldn’t be automatically tied to the House asset, so if you sold, you’d need to manually change the debt objects as well.

There may be a way to implement HELOCs, Home Equity Loans, and maybe even Reverse Mortgages as part of this suggestion: https://changemap.co/projectifi/projectifi/task/6256-asset-backed-loans/

As part of better HELOC modeling, I would be interested in being able to select an existing HELOC as a source of funding for real estate purchases.

My husband and I have a HELOC on our primary residence, though we don’t owe anything on it right now. We used it to buy a rental property and paid it off as quickly as we could. We would like to plan to do that again in the future. Using the existing financing option for real estate isn’t quite right because it forces us to set a payoff schedule. What we would rather do is to make paying off the HELOC part of our cash flow priorities.

Being as how HELOCs are interest-only in the drawdown phase, I’d like to see interest-only payments and some way to model the variable interest rate.

I’d also like to see a checkbox to count the interest payments towards Itemized deduction assuming one qualifies for itemizing (investment expense).

Interested in this too

Interested in this too