Foreclosed and Distressed Investment Properties in Benghazi, Libya
Benghazi, a city in Libya, can be found on the north-western area of the country on the Mediterranean Sea.
The location on the Mediterranean provides potential to invest into or build gated resorts and communities with luxury apartments and villas, and as the market develops luxury properties tend to increase in demand.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
