If you were offered a deal that sounded as though it was unbeatable, and it turned out that there was no risk involved for you, youd surely take it, wouldnt you? Most of us, otherwise all, would. But then throw this variable into the equation: You can only have actually this deal by taking advantage of the fact that a couple along with three children are divorcing after one of the parents lost their job. They will sell for just over half of what they paid for the property because the bottom fell out of the market and the repayments are crippling them.
How do you feel now? Still thinking of popping open a bottle of champagne and toasting your good fortune? Well, you may well be. The fact is that there will always be misfortune in this world, and if you feel that it is excessively unkind to profit from a person elses misfortune then there will be countless other people out there who are not at all bothered about taking that step. Obviously you would certainly be well advised not to celebrate your good fortune in front of the family who are losing their home, but they need to sell it, and you will not be helping them by opting out of the decision.
This is how several people make their initial step on the real estate ladder. Equally, others will buy houses from seized-property auctions without considering that the work that went into those homes may have actually been funded by drug dealing, and buying from a repossession auction is additionally a way of profiting from anothers misfortune if you wish to take that view of things. Its all relative, and you are not the bad guy