Just another thought
If I were to buy a few properties, I will definitely have to rely on the expertise and professional knowledge of my property agents, bank officers and conveyancing lawyers to make sure that the deal will get through without any complications. Will I be buying a property from someone having trouble with the law and on the verge of being made a bankrupt? I may, without all the knowledge of how such a situation could affect my purchase. But my property agent, or my conveyancing lawyer will definitely do their due diligence and advise me to stay clear of such properties. That is the least I will expect for the money I am going to pay. And if I will to go to the bank to arrange for a loan for the purchase, the bank officer will very likely not approve of such a loan. And the approval may also take quite some time for such a big loan. There will be a lot of checks and approvals along the way. Buying several properties will probably take several months for all the professional people to do their checks. Would my conveyancing lawyer encourage me to buy such properties even at dirt cheap prices?