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Updated almost 16 years ago on . Most recent reply

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Liz B
  • Real Estate Investor
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9
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How to rebuild a property portfolio after D-I-V-O-R-C-E

Liz B
  • Real Estate Investor
  • Select a State
Posted

Nearly 1 out of 2 marriages end in divorce. Its emotionally and financially painful - especially when splitting property assets as well.

Unfortunately I am one of the statistics!

The lessons I learnt:

Lesson #1. Settle quickly and move on.
I tried to negotiate with my ex-partner about a property settlement for about 6 months - it cost me another $500,000 (about $70,000 per month)!

Lesson #2. Focus on what you’ve got and want, not on what you’ve “lostâ€.
In life-changing experiences its easy to focus on what you’ve “lost†– but you need to be grateful for what you have got today and re-focus on what you want in the future. Don’t sweat the “lost†stuff.

Lesson #3 – Rebuild your assets one property at a time.
After the divorce and property settlement, I had fewer properties and more debt. But I still had the knowledge in my head of how I built the property portfolio the first time – so I knew I could re-build it all over again. And I am...

What advice would you give on how to rebuild a property portfolio after divorce...?

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