Ken Coleman

If you listed it on the MLS on the market with a real estate agent, what could you get for it?

Okay.

So your house is worth about $400,000.

I would keep it for now, try to stay afloat, try to get a job.

And there's a worst-case scenario here where five years from now, if you're out of options, you're unable to work for some reason, you could sell the house, downsize, and invest the difference to try to create a little bit of a nest egg.

I mean, they will just screw you with all of the fees.

You're going to lose all of the equity in your home.

It's a terrible, horrible financial product, and they prey on desperate people like our friend Kathy to try to get them into these.

Yeah, I mean, that was my initial thought was, could we just liquidate the house, invest every penny of it and live off of the growth?

There is risk there because we don't know what the market's going to do.

We don't know how long it'll last.

That's why I want to see right now, can we create enough income and then play that card later on down the road when necessary instead of just going to that route and then not working at all.

That's my fear.

So, Kathy, I'm so sorry you're going through this.

I wish I had a magic wand that can just get these scammers to give you your money back.

But the relationship with your brother...

it's not gonna be the same.

The future you had, the retirement you dreamed of, it's not gonna be the same.

So you've gotta grieve what was and just create a realistic picture of what comes next.

It's a sportsman varsity jacket, I think is what they say.