With 20 years in the business, Joe Mueller got his start buying REO (bank owned) properties at auctions. From there, Joe networked extensively to develop a robust acquisitions strategy and eventually implement multiple streams of income. Most recently, Joe started a title company suited for investors who wanted to transact in off market property without a broker.
Joe shares remarkably deep insights on how to successfully buy properties in the far northwest burbs, especially in McHenry and Kane County, and provides excellent advise that investors can use all over Chicagoland. If you find this podcast helpful, please leave us a review and share us with a friend!
Timeline
Landlord tip from Mark 2:50
Guest intro 5:00
Why does it take 2 hours at closing with the title company and how does your company address this? 9:10
Why should you have an attorney when you’re closing on a property? 12:00
What types of properties are you invested in? 13:40
What does an attractive deal look like to you? 15:55
How do you take rental license requirements and inspections into account when analyzing a property? 19:50
How are you using freedom of information act (FOIA) reports to your advantage? 23:15
Are there specific pockets where you’re finding more deals than others? 25:10
Do you have competition with the newer homes in the areas vs your renovated homes? 27:15
How does investing in Kane vs McHenry county differ? 28:20
How are you financing the acquisition of your properties? 30:15
Have there been any people who have come into your life over the past 20 years that have been true game changers? 35:00
What are your top priorities for right now and going forward? 38:12
What experiences from 2008 have you reflected on during the current Covid crisis? 40:15
Wrap Up
What’s your competitive advantage? 42:00
What is one piece of advice you’d give to someone? 43:40
What do you do for fun? 45:16
What’s a good self development activity you’d recommend? 45:55
Do you have someone you’d recommend in your local network as a quality resource? 47:40
How can you be reached? 48:15
