First, in accordance with the gifting rules and depending on her assets still around, the power of attorney can transfer approximately half of her assets to someone, assuming those are her wishes, and the other half of the property will purchase a Medicaid compliant annuity to pay for the penalty period.

ok thanks i spoke to him .. i like him and we r going to start but as usual i will continue to vett this person as well as anyone else i deal with esoecially w a large cash outlay such as this.. so far so good,he knows what i m looking for and seems to think he can deliver.thank you again and feel free to chime in anytime u want.. knowledge is power and i m a newbie w out of state stuff.. your not

I also look forward to have more mates as Real Estate Investors here downunder.More power to BiggerPockets!

But this is a testament to the power of BP. that these international folks would target people here.I personally get no less than 3 to 5 spams a day from these " private lenders "  I just erase them@Joanne Schmidt  what is CI  thank you in advance for answering.

Like I said in my earlier post I did a budget staging job and I think that after some furniture sales my net cost could be down to $1500.Bearing in mind I have three to sell, one the show suite sells I can transfer the material to the second unit, for free, compounding my savings.

This will depend upon their powers. 

(power failure issues, alarms). 

By that I mean the money you use to pay off the debt has no chance of compounding.

@Brent Coombs, if you like reading horror stories look up the powers that the Consumer Financial Protection Bureau (CFPB) has.

Education is power!