property investment.

I bought a house in Malvern for about R275 000 at the sheriff’s auction in 2010. I paid cash, then raised a bond for R300 000. The property pulled in R14 000 a month so everything was going swimmingly. Then, in 2013 it was hijacked. The highjacker had started running a creche at the house and was making a killing, so when I got an eviction order, he agreed to pay rental. That lasted for a while, then he stopped paying again. Meantime the creche was using an enormous amount of water and he didn’t pay me for the municipal…