How does it work?
It's pretty simple really!
A Senior home owner, whom is in need of an income stream gives you (Investor) the right to buy their Home in the future but at a price agreed today.
In exchange for that right you pay the Senior money every month.
So for example....if the Senior owns a Home worth $400,000 today, then you pay them a fixed sum every month for the right to buy their Home in the future (when they die or relocate) for $400,000 even though it may be truly worth $600,000 or more at that time.
The monthly payments are NOT instalments towards the agreed price of $400,000.