All Forum Posts by: Michelle Speleos

So we finally did it!

We have just purchased a property in Memphis TN.  The house had a fire so we got a deal.  Step one.  Now for the planning and coordination of this project.  We plan on doing a lot of the DYI work ourselves but plan on leaving the structural and electrical aspects up to the professionals.  If anyone in the Memphis area has any good structural contracting contacts feel free to share them with me.  As for now we have quite the massive demo and cleanup to do,  wish us luck!

Great post Jeff! This was very encouraging.  I am just starting out and have a huge case of the heebies! We wait for that first call. Yes, we have a script, I wonder though how much of that I will read.  I agree that every case is different, how can it be the same? I think it comes down to I either have it or I dont. All the studying and research in the world wont change that. Again, thank you for the encouraging words.

So starting up is one of the most difficult and challenging steps in this game.  By the end of this week I will have 500 yellow letters ready to make their journey into the hands of potential sellers.  This is  exciting but at the same time nerve wracking because of the unknown abyss they will go.  I have no way to track follow nor predict the outcomes or results.  We have started our website, which in itself is quite the task.  I am hoping when the letter gets i the hands of someone with a slight bit of interest, they will go to the website. Has anyone considered starting a blog as a way of personalizing a website? Would I attach it to the website or make a separate one?  Yellow letters just do not seem to be enough.  

Hello, My partner and I are launching a new business.  We have set up our website and social networks, have attended the local REIA meetings, and are about to launch our first mailing campaign. We are excited and look forward to building professional relationships on Bigger Pockets. Stay tuned to follow our progress as we grow.  Now for our question.......

We were wondering how the recent housing inflation in Madison will effect the Real Estate market?  With pay rates low and rentals high will this push people to buy?  An example would be to have a 1200 dollar mortgage verses a 1600-1900 dollar rent. Makes absolutely no sense but it is happening! I was under the impression that banks were pushing higher standards for mortgage approvals, where will the average pay worker go/do?  Just a thought and was wondering the the Bigger Pockets community thinks about it.