House is tax assessed 70k; he owns it outright and is almost retired.

The SEC recently put out this notice about risks of investing with your SDIRA:Investor Alert: Self-Directed IRAs and the Risk of FraudBe careful who you are investing with.

I'm putting myself out here-I want to take the chance, but if you all tell me I am heading for disaster, I need to hear that to re-assess my judgement.

I'm not familiar with any on line title search or appraisal entity, except to look up valuations and see that their values were way off, like Zilow.Some may be missing what a title search is or does, it has nothing to do with assessments, valuations or taxes other than to see that taxes are current.COnsider when looking at anything on line how they would address this one issue:Mary and John were prior owners jointly and later get a divorce, several years later they are divorced and the decree is filed and John sells the property to Bob and Betty who get title insurance but had an exclusion in coverage as to liens or encumbrancs not shown of public record.

Ultimately, it comes down to math and your objectives with the deal.

I'm currently looking at a duplex in Columbia, SC which is assessed at 48K.

David - Another way that you address the liquidity objection is by pointing out the low loan to value.

The primer is OK for a homeowner, but doesn't address some of the most important things for actual real estate investors: how (and when) rental income and investment property mortgages are factored in, how flipping/wholesaling/other self employment income is scored.

Maintenance person liable to you for damages assessed against you.)Liability to original claim = maintenance person - negligent act caused fire.Liability to original claim = you - as owner of property and for employing maintenance person.ALSO – maintenance person and you are Jointly and Severally Liable.

Is the formula that you just used in your comment, a common way to do an assessment on a property that is to wholesaled?