Ryan Smith is not an optimist, but a realist. With a stark numbers-based opinion, Ryan provides his thoughts on Chicago’s housing market, the strength and the validity of the recent appreciation, and how long it may take to get through upcoming foreclosure inventory. We’ve had Ryan on here before (Episode 28), but last time it was too good of a conversation so we had to bring him back. Listen in and if you learned something, leave us a like and share us with a friend!
What do you think of the appreciation lately? 8:00
Do you see outside capital coming to Chicago? 13:15
Are Chicagoans underwater? 15:45
How long did it take to get through the foreclosed inventory from the financial crisis? 28:15
Is there an opportunity to buy at the judicial sale level? 35:00
Do you see the same opportunity developing now as the last recession? 37:45
What’s your competitive advantage? 44:45
What is one piece of advice you’d give someone looking to buy their first REO? 46:45
What do you do for fun? 48:00 Self development activity? 48:45
That’s our show, thank you so much for tuning in!
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Ryan Smith
Guest Company: Ryan Smith
REO Guest Link: Ryan Smith, Western Springs, IL Real Estate Associate
Other Links for show notes:
Extreme Ownership: How U.S. Navy SEALs Lead and Win
Straight Up Chicago Investor Podcast: Expert Perspectives on Investing in Chicago Real Estate
