Work/Purpose/Calling/Career
September 2020, I had just ''completed" on my first property purchase post divorce. The manager of the Richmond branch of "The Halifax" was going the extra mile. Im guessing he sensed that this was a big deal for me. In the brief conversation between the formalities ’Ash' asked me if I had thought of buying two 1bed apartments, one to live in and one to rent as income instead of a 3bed house - I hadn’t.
I understand people who opt in favour of staying in the family home rather than face the complexities of negotiating the property market alone. So, the idea of “speculating” with your half of what was, isn’t even nearly close to being an option.
However an article written in DPN Property Investors magazine, states that "For many women who’ve had to start again after a number of years of marriage and shared assets, it’s been property investment that has been their salvation”. In his new book, “Investing Like A Woman” Steve MacDonald argues that women make better investors than men as they are more disciplined; focused and clear headed.
Dawn Doebler, senior wealth advisor and principal at The Colony Group, helps her clients make lifestyle decisions by having them ask themselves the question, "If I make this choice, what might I be giving up in my other financial goals?”
So how does a woman post divorce break into property investment? It takes a clear vision of what you want the future to look like. Then educate, seek advice, build support, limit the naysayers.