Divorce isn’t something that many people think of as a good thing - for the most part, even when parents stay close to one another and co-parent, there’s always someone who gets hurt. For that matter, when it comes to talking about divorce, in most cases, the only people who ever seem to really benefit from it are the divorce lawyers.
However, what you’re likely to discover after you’ve been involved in real estate investment for a while is that divorce creates opportunities. While you may not feel good about divorce in general, when you’re able to keep an eye on legal notes that include divorce filings, in many cases you will find something that’s beneficial to you as a real estate investor: motivated sellers.
When homeowners file for divorce, there are going to be some cases in which everything is amicable and one party gets the house and the other takes the car and the boat. More often than not, however, when homeowners file for divorce there is going to be a point in time in the not too distant future when they decide to act quickly and to liquidate their shared assets - and that’s when the real estate investors start to benefit.
Keep in mind that the best deals that you will find as a real estate investor happen when the sellers are motivated. If the parties looking into a divorce are focused on splitting everything or they simply need to liquidate the property to cover the expenses associated with the divorce, it’s possible for you to jump in.
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May 10th, 2008 at 9:46 pm
[…] nursemyra wrote an interesting post today onHere’s a quick excerptDivorce isn’t something that many people think of as a good thing - for the most part, even when parents stay close to one another and co-parent, there’s always someone who gets hurt. For that matter, when it comes to talking about … […]
May 12th, 2008 at 5:25 am
Definitely we need some tactics to remain effective in the real estate market but I think that they are some barriers as well. Working as a Toronto realtor unfortunately I used to have clients desperate about selling their property because of a divorce. I don`t think so that this strategy is the most efficient for the real estate investors. I would suggest to be more watchful and courageous.
May 12th, 2008 at 12:03 pm
As a divorce lawyer, this is what I call a “special situation”. It applies also to finding a mate. You have heard that all the good ones are taken. But if you look hard enough and long enough, you will find special situations. You may find someone who is between marriages. Or you may find a house that is being sold in a divorce.
December 11th, 2008 at 8:21 am
I think there are a lot of great advertising methods available about invest.
But the only people who ever seem to really benefit from it are the divorce lawyers.
April 8th, 2010 at 7:31 am
Achieving a quick sale of a apartment is very difficult in the current market. If you know where to look it may still be achieved.