All Forum Posts by: Jordan Ray

 That’s a tough one, but props to you for doing due diligence before stepping into a potential mess. When you're dealing with squatters or unauthorized occupants—especially in a property with emotional ties for the seller—you need a mix of legal strategy and people skills. First, talk to a local eviction attorney ASAP to understand what your rights will be after closing—don’t assume you can act immediately if the current owner allowed them to stay (even informally). Sometimes cash for keys is the most cost-effective play—offer a few hundred bucks and a firm move-out deadline in exchange for peaceful possession. It’s cheaper than a months-long eviction plus repair costs from pissed-off tenants. Also, consider negotiating with the seller to handle the removals before you close or factor that risk into your offer price. Either way, document everything and go in expecting surprises—these kinds of properties can be gold mines after you clean them up, but the cleanup is where the game is won or lost.

Hey @Sandy Sandy, I feel you—that sounds brutal. You’re not alone though; a lot of investors go through that painful phase, especially with small multifamily where one or two bad tenants or a mismanaged turnover can wreck cash flow and it create a domino effect from all factors involved also going wrong. Sounds like your biggest issues stem from poor property management, long vacancy periods, and recurring repair costs. First step: fire that PM if you haven’t already—your manager should be proactively screening, leasing faster, and minimizing make-ready costs. Second, assess if your rents are under market or if your unit quality is scaring off good tenants. It might be time to invest once in solid upgrades (LVP, paint, lighting) and then raise rents to match. Also, dig into your recurring repairs—if it’s the same stuff month to month, you might have deferred maintenance that needs a full fix instead of band-aids. If the numbers still don't work, you’re either in a bad deal or need a better operator—sometimes selling and resetting is smarter than continuing to bleed. Keep your head up—you’re learning lessons now that’ll make you dangerous on the next one.

Whats the address?

Awesome! Glad I could help!

Yes, here you go. ---> https://memphisinvestorsgroup.com/

Hey Sylvia, where did you buy these lots? Tax sale? Wholesalers? If you bought them from a tax sale you may need to wait 6 months to try and sell them after the redemption period ends. Let me know if you want me to take a look at your land for you to tell what it could sell for. Talk to you soon.

Sounds good, let me know if you want to chat about the market here and how it works well

Memphis TN and cash flowing rentals! 

Hey, welcome! Sounds like you’re already deep in the trenches—love that you’re working multifamily, BRRRRs, and long-term holds. I’m in the same boat here locally, mostly helping investors move fast on deals and scale smart and I am building my own portfolio as well.

Fix and flips are a different beast for sure—happy to chat through what I’ve seen work (and not work) in this market. There are a few solid investor meetups happening around town, too—usually worth showing face and seeing who’s doing what.

Shoot me a message anytime. Always down to link up with folks who are actually taking action.

What happened?