Matt Devincenzo, Jon Holdman, Bill Gulley,Thank you Gentleman.

Those are called "Soft Costs" They are the hidden costs so many forget about, (and often aren't even mentioned of those house flipping TV shows) They are included in that 30%Jon gave you a good run down but I figure in my area with hard money the soft costs are as much as 20% which leaves 10% of the sales prices as my profit.

Thanks Very much, Jon!

Thanks for your help Jon !!!

Thanks Jon.

Jay, Jon, Tom, Joe, and Daniel, Thanks for the welcome messages!

Jon Holdman The reason we are seeing so much of this these days is because Medicare and most private insurance for seniors does not cover long-term care.

Jon that is a great story.

From the looks, the borrower got a pretty good deal here, maybe even too good.As Jon and Bill pointed out the post doesn't include any underwriting information related to borrower credit.

Thanks Jon Holdman, that helps a lot!!!