Michelle Lenahan Interview…

Smart, resourceful, down-to-earth power house are the adjectives that describes this investor. Her parents were victims of the downturn in the market in the early 80’s. Although they fought over 5 years to keep the properties they were sold at trustee sale. Michelle understands the toll that a down market and foreclosure has on a family and the children.

In 1996 Michelle purchased a short sale house for basically lot value. The purchase price was $120,000 and within 5 years the house was appraised at close to $900,000.

In September 2007 she built a new home. The timing was right to get the best deals. Although everyone will tell you to do the opposite of what the masses are doing Michelle knows personally what it feels like to be expanding in a contracting market. It is easy to say “buy low sell high” but it is harder to lead the pack in doing it.