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All Forum Posts by: Thomas Hatley

Thomas Hatley has started 4 posts and replied 12 times.

Post: Inherited Schizophrenic Tenant

Thomas HatleyPosted
  • Greenville, SC
  • Posts 12
  • Votes 6

I'm in the process of negotiating to purchase a home that is occupied by a very elderly schizophrenic tenant who, according to the seller, has not paid rent or been on a lease in nearly ten years.  What should I do to protect myself?

Post: Growing Arts District Rental Home

Thomas HatleyPosted
  • Greenville, SC
  • Posts 12
  • Votes 6

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000
Cash invested: $9,000

Found via cold-calling and purchased around 25% below market value.