5 Properties Inherited in Memphis

[Mario Dickson]

Greetings BP Family,

I recently ran across a young lady who inherited 5 properties here in Memphis, TN and about 4 acres of land in a rural part of Mississippi. 3 of the properties are in the South Memphis area (38106) and are in decent condition but could definitely use some updating and minor repair work. The other 2 properties will need major repairs (roof, plumbing, electrical, possible hvac) due to them sitting and being boarded up for some time now and will definitely need more in repairs than what I’m seeing them to be worth. 1 is in the 38108 zip code and the other is in 38111. She’s considering getting the repairs done and selling 2-3 of the properties and holding on the remaining couple as rentals. I’m trying to determine what would be the best course of action for me in this situation and how should I approach it.

Any suggestions and/or advice is appreciated.

Thanks in advance