According to a series of essays published on the AARP website online, a reverse mortgage is another type of real estate deal. A reverse mortgage is a special type of loan used by some individuals to convert the equity in their homes into cash. The money from a reverse mortgage can provide people with financial security in the form of a monthly payment from the lender or financial institution. A homeowner that obtains a reverse mortgage does not make any monthly mortgage payments to lender during the life of the loan. The loan is repaid when the homeowner ceases to occupy the home as a principal residence. The loan may be repaid by the homeowner or the heirs. This need not involve the sale of the home, and the repayment obligation cannot exceed the home's value or sale price (Reverse Mortgages: Basics).

According to Tim Dameron writing in the Ro

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Another option for investing in real estate is the real estate option to buy. Using this technique, a potential buyer will use a contract that gives them an exclusive right to purchase a piece of property for a stated period of time -- ranging from a month to a year or more. The option states that the potential buyer has the right but not the obligation to buy the property meaning that if the market price goes down, they will not purchase the property but if the market price goes up, they will buy the property because part of the option contract is an agreement as to the price the person holding the option would pay for the property. The seller may or may not receive a nominal amount of money from the person seeking an option on the property. The goal of the option is to make money if the market for real estate heat up and allow the option to expire and walk away if it does not.

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