Dark Shadows - Are Lurking Foreclosures Sucking the Blood Out of Recovery?

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7 • 696 Ratings

🗓️ 11 June 2012

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shadow inventory is a term used to describe gobs of distressed properties, mostly single family residential, that isn't yet on the market. Statisticians look at top down data like bank reports and public filings. But what about a street level view? Atlanta, Georgia has been one of the stat leaders for foreclosures, so we thought it would be interesting to sit down with a guy who spends a lot of his time scouring the Atlanta market looking for distressed houses. More foreclosures is good for buyers, but if you buy now and then get hit with a new wave of foreclosures, you could see your values take yet another dive. Of course, if you're comfortably cash flowing you can afford to wait it out. But still, buying something that drops in value can be disconcerting. It's called "catching a falling knife". Then again, if you wait for a recovery to prove itself, you may miss out on some great bargains. So we want to know: is a legion of zombie properties lurking in the dark shadows of the market - or are we on our way to a more stable and long term appreciating market? Tune in and see what our special guest Ken Corsini says he sees when he ventures into the market looking for bargains. The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Learn more and subscribe to the free newsletter at www.realestateguysradio.com

Transcript

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0:00.0	Welcome to the Real Estate Guys radio program. I'm your host, Robert Helms. Is the landscape changing? What's happening with the shadow inventory? Can folks buy houses still? And does it make sense? That's what we're going to talk about today on the Real Estate Guys radio program.
0:17.7	Are you ready to profit in paradise? Hi, it's Robert Helms. and if you think real estate investing means tenants, toilets, and termites,
0:23.7	think again, located just a short plane ride from the U.S.,
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0:29.0	The beautiful country of Belize.
0:31.0	When you go to Belize with the real estate guys, you'll spend four fabulous days discovering
0:34.7	one of the most intriguing real estate markets I've ever seen.
0:42.3	With its jungle rainforests, pristine beaches, and 81-degree turquoise water, Belize is one of the most beautiful places on Earth.
0:43.9	Plus, it's considered one of the top seven tax havens in the world.
0:47.2	And while U.S. real estate continues to drop, Belize property is on the rise, and many
0:51.5	experts think the best is yet to come.
0:53.8	But don't just take my word
0:54.7	for it. Come experience Bullies firsthand that our upcoming investor field trip. When you join us,
0:59.4	you'll discover the many reasons we love Bullies, like tremendously undervalued beachfront
1:03.5	land, super low taxes, ease of doing business, and so much more. Get the details at realestateguysradio.com.
1:10.5	Just click on events.
1:12.0	See Paradise for yourself.
1:13.2	Click events at real estate guys radio.com and I'll see you in beautiful Belize.
1:21.0	Welcome to the Real Estate Guys Radio program.
1:23.7	I'm your host, Robert Helms.
1:25.0	We are in Atlanta, Georgia, this weekend. Let's meet our co-host financial
1:28.8	strategist, Russell, Greg. Hey, Robert. How are you? I'm just fabulous. What a great weekend. We just
	...

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