My husband and I got divorced during 2006 and are on very good terms. We have decided to start a property portfolio together and buy and sell property together. Is this possible as we are officially divorced?
You and your ex-husband
will definitely be able to purchase property together, and your divorce will
not have an influence on your property portfolio.
You will be seen as two
individuals purchasing properties and will be described as such in the transfer
However, the properties
that you purchased during your marriage will have to be dealt with in terms of
your Deed of Settlement that you signed during your divorce.
If the two of you are
serious about your property portfolio and growing it drastically, it is
advisable to see a financial planner on the different entities that are
available for you to use as the property owners, i.e Trusts, Companies etc.
Please ensure that you see a qualified and
registered financial planner in this regard.