Latest / Straight Up Chicago Investor
Episode 28: How to Buy Bank-Owned Properties in Chicago
There are over 125,000 RE/MAX agents in the US, and in 2019 not one of them sold more properties than REO expert Ryan Smith. That's right, our guest is #1 out of 125,000.
In this episode, Ryan Smith and his partner Mike Harvey discuss REO properties, how to work with REO agents, and the difference between foreclosure and pre-foreclosure. Ryan and Mike shine light on the nuances a Chicago investor may experience compared to investors buying REOs in other markets, and what local investors can do to prepare for upcoming REOs. In addition, Ryan and Mike discuss how COVID has affected IL default…
The skinny
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