The Investment News: July 2012


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The monthly newsletter for Mid-America Association of Real Estate Investors. Offering Networking and Education for area Real Estate Investors. Find us online at

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The Investment News: July 2012

  1. 1. MAREI wins Awards of Excellence at National REIA Mid Year for 2nd Year in a Row! MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS Investment News NETWORKING : EDUCATION : COMMUNITY : GOVERNMENT July 2012 Real Estate Investors are fueling the housing recovery. Our industry as a whole is very healthy and growing. Are you getting your piece of the pie? Are you doing your part to grow our industry? Now is the time to get in before the tide turns! July 10th: Meeting - Open Mic , Small Meeting Pa August: Meeting - Lease Options with Marc Delatour ge 10 August Event: Investing in Kansas City
  2. 2. ten ts c on Page 3 New & Returning Members Business Members Page10 Page 16 Page 24 Build your team with our Benefits at a Glance Membership Options MAREI Website Service Providers & In- Save with Discounts Join Now Posting in the Forum dustry Partners Page 12 Page 6 Obama Care Directors Notes: And the Small Business Awards and Ethics Owner Page 18 Calendar of Events Page 24 Schedule Now Mid-West Real Estate Investor Expo Page 20 The Opportunity For Real Estate Investors Page 8 Page 14 Monthly Meetings Code of Eithics Page 22 Who, What, When, MAREI members do you For Sale Where & Costs. have one? Member Properties July Meeting Page 15 Open Mic Night WelcomePage 2
  3. 3. BUSINESS MEMBERS MAREI Business Members are here to serve you in your Real Estate Business. They specialize in Real Estate Professionals and have joined our association as a Business. You can find out more about each of our Business Members at . Don’t see a service you need? Ask on the Forum! Foundations Alarm Systems Your Company Here Cornerstone Foundation Joe Williams Gary Hartman $499 annual 913-220-5253 913-991-1612 Or $135 a Quarter Insurance Insurance Investors Jim Jrolf Lisa Goodner The Tuckers 913-915-3232 1-877-752-2742 816-200-2198 1-888-741-8454 Property Management Investors Property Management Profit-Ability Kevin Jamieson 816-503-4671 Consulting Group Meka Cayce Mark Pantak kevin- 816-474-8800 832-766-6997 Property Management Real Estate Brokerage Staging Jeff Wood 816-841-9500 Kim Tucker & Staff Michelle 816-523-4400 913-449-3593 Suppliers: Building Title Company Title Company Josh Burns Jackie White / Mary Peterson Bud Whisler 1-877-484-4268 913-338-0100 816-581-2299 bwhisler@coffeltlandtitle.comInvestment News Page 3
  4. 4. read anytime Contact Information PO Box 8685, Prairie Village KS, 66208 Phone: 913-815-0111 Our Mission Statement Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate investing and to protect and promote the best interest of our membership through educational and networking opportunities as well as community, legislative and public relations. Legal Disclaimer Read the Investment News MAREI does not exist to render and does not give legal, tax, economic or investment advice and anywhere, anytime, on your disclaims all liability for the action or inaction taken or not as a result of communications from or to its members, officers, directors, employees and contractors. Each individual should consult iPad, Mac and PC: his/her own counsel, accountant and other advisors as to legal, tax, economic, investment and related matters concerning real estate and other investments. Content Disclaimer The views and opinions expressed by authors of articles contributed to this newsletter do not necessarily reflect those of the association, the board of directors or the staff. Search for “MAREI” Advertise in the Investment News To subscribe Rate Schedule Size Non-Member Member Business Associate Look for us Online Full Page $175 $140 $115 Search for 1/2 Page $145 $105 $85“Kansas City Real Estate Investors” 1/4 Page $75 $65 $50 1/8 Page $55 $35 $25 A 10% discount is given on ads pre-paid for 6-12 months. Any changes to a pre-paid ad will incur a minimum charge of $20. The deadline to submit ad copy is the 1st of each month. All ads must be prepaid. Contact to verify ad format can be accepted. PDF preferred. There is an additional charge of $25 to typeset a business card ad or 1/4 page ad layout, $60 for a 1/2 page or full page lay-out. Opportunities also exist for advertising on Call 913-815-0111 for more information. Email ad copy to Mail payment to MAREI, PO Box 8685, Prairie Village, KS 66208 or request an online payment for to use credit or debit card.Page 4
  5. 5. MAREI STAFF & Volunteers Executive Director Advisory Board / Membership Desk Kim Tucker Scott Tucker Investor : Realtor Realtor Advisory Board Advisory Board / Membership Desk Donald Tucker Dan Goodwin Investor Realtor : Short Sales Focus Group Leader: Blue Springs / Lees Suumit Advisory Board / Membership Desk Debra Felderhoff Shelda Goodwin Landlord : Investor Realtor : Short Sales Focus Group Leader: Weekly Wednesdays Advisory Board / Membership Desk Michelle Winberry L. Scott Ficinus Investor : Realtor Realtor Focus Group Leader: Weekly Wednesdays Advisory Board / Membership Desk Brian Winberry John Welchert Investor : Realtor : Investor : Landlord Focus Group Leader: Women in Real Estate Focus Group Leader: Young Professional Investor Focus Group Leaders: Transaction Engineers Focus Group Leader: Commercial Focus Group Leader: Notes / Seller Finance Focus Group Leader: Advanced InvestorsInvestment News Page 5
  6. 6. D irec tor’s N otes Welcome to the premier real estate investor as- MAREI also renewed their Chapter Membership sociation in Mid-America. For the past two years with National REIA, which holds your local asso- Mid-America Association of Real Estate Investors, ciation to a much higher standard than the av- MAREI, has been recognized for its services and erage real estate investor association. We must support of Real Estate Investing in the Mid-West uphold our code of eithics, offer education to and Across the Country. In 2011 MAREI won the our members, provide events to reach out to award of Honor of Merit for their Electronic Com- the general community and keep our members munications and for Membership Development in informed and involved in our government af- a mid-sized group. This past month MAREI was fairs. awarded Honors of Merit awards in four catego- As a member of MAREI you have probably taken ries: Electronic Communications for our E- part in our educational events. If you attended Update Newsletter and Social Media Programs, our June meeting, you helped provide1,380 Print Communications for our Newsletter and meals through Harvesters Community Food Net- many printed brochures, Government Affairs for work, one of our Community Groups we have our effort to keep our members informed and calls affiliated with. And over the past few months to action on important items, and for Finance in you may have called your legislator on Flood finding new ways to create new sources of fund- Insurance and may also be participating in our ing to keep our membership prices low. effort to change the laws in Kansas City Missouri regarding Water Bills. But you may not have read our Code of Ethics Recently. We want to make sure that you have read the code that is posed on our website, is included in your printed and digital membership packages and is printed on page 16 of this newsletter. Last we made a lot of great contacts that will allow us to keep growing MAREI and bringing our members the best in training, products and services. See you next Tuesday at the Meeting 2012 KimPage 6
  7. 7. Sell Vacant Houses Faster How? We transform vacant houses - often seen by buyers as stale, lifeless, unappealing - Property Management into fully-furnished, inviting, valued Show- homes. Now in our third decade of service to Section 8 Housing Homeowners and their Realtors, weve become Americas premier home staging service coast- KC Metro Wide to-coast. Our professional home staging services can add thousands of dollars to your sale price -- and at the Jeff Woods same time reduce the stress and expense of mar- keting your property. Broker and for more money! 816-849500 Michelle Davis 913-449-3593 Be sure to Join Now (Or Renew) Go online at Management Solutions to help your propertiesFor everyone that joins now or at the meeting Operate Smoothly on Tuesday we have several free giveaway Increase Desirability items for you to choose from: Enhance Investment Value Buying Real Estate without Cash or Credit Attract & Retain Tenants (Peter Conti & David Finkel) How to Create Multiple Streams of Income Find us Online Buying Homes In Nice Areas with Nothing Down (Peter Conti & David Finkel) 816-474-8800Investment News Page 7
  8. 8. What happens at a MAREI monthly meet- take notes or a new tech tool to take ing. Where do I go? What should I notes through out the meeting. bring? What happens? What happens. As you walk in we have We currently meet on the 2nd Tuesday of a check in table. MAREI members will the month at Career Education Systems need to check their name off the roster ( that is located inside and pull out their name tag and wear it of the Ward Parkway Shopping Center in through out the meeting. New mem- Kansas City Missouri. Park on the State bers and guests will want to check in at Line side of the mall, use the main en- the registration table and pay their fees. trance and you should find Career Educa- You will need to pay $25 at the door or tion across from Starbucks. save and register online on our calendar of events for $15. Any fees that you You should prepare a bit to attend this pay to attend a meeting can be applied meeting. This is a place to meet people toward a full membership should you and do deals. If you offer a product or join that night. We also have a bonus service, please bring business cards or for those joining at the meeting or in create a flyer or brochure. We a general advance of the meeting. marketing table where all attendees may place a stack of materials. Note we do After checking in, find our general mar- limit to 1 stack, have more to promote, keting table and place your flyers, bro- then reserve a marketing table. We also chures or what ever it is that you recommend brining a small notebook to brought with you. Then work your way Don’t miss this event! Monthly MeetingJuly Meeting August Meeting September MeetingNote due to the July meeting Please join us at the August Meet- In today’s market, many investorsfalling on the same night as ing when we welcome Kansas are offering homes lease to own,the All Star Baseball Game, City’s own Marc Delatour. Marc is contract for deed or seller financed.we are hosting an Open Mic Q a provider of turn key options for This month we take a look at what& A night that will be moder- investors through his partnership happens when the deal fails and youated by our director. Bring program to offer lease to own have to get your tenant buyer out ofyour questions and come pre- homes in Kansas City. Join us to the home. We are talking the when,pared to participate. learn his investing game plan. where and how of foreclosure.Page 8
  9. 9. around the room and find At 7:00 we usually have aout what each and every short mini speed network- Meetingone of the vendors have to ing where we break into 2nd Tuesday of the Monthoffer. Register for any give groups and take 15 minutes Career Education Systemsaways. for everyone in the group Ward Parkway Shopping Center to take the time to meetNext we suggest you take a 8600 Ward Parkway each other and exchangebit of time and brush up on business cards. We try to Kansas City, MOyour networking skills be- do this every meeting al- Park on State Line Sidefore you attend a meeting. though sometimes it just Networking 6 to 7We have a full hour from 6 does not fit our 7 where attendees can Meeting 7 to 8:30work the room to meet as At 7:15 we take our seats Non-Members $25 at Doormany new contacts as pos- and introduce the guest Pre-Register Online $15sible. Feel free to introduce speaker or speakers. Ouryourself to everyone and to presentation is always ancollect business cards. educational presentation, ing from 8:30 until 9:00 as not a sales pitch, where you well as issue the Profes-At 6:30 we usually have a will have the opportunity to sional Housing Providervery informal new member learn. Our speakers run till Certificates for the evening.orientation where we go 8:30, when we end the Last we collect the memberthrough all of the benefits presentation and have the name tags at the end of thewe have for our members speaker available for more evening so they have themand answer questions about one on one questions. We for the next meeting.MAREI. This is a short 15 also have further network-minute session. Investment News Page 9
  10. 10. MAREI’S MEMBER BENEFITS PROGRAM YOUR MEMBER BENEFITS AT-A-GLANCE USE THIS PAGE AS A GUIDE TO VALUE ADDED DISCOUNTS TOOLS AND SAVINGS CREATED JUST FOR YOU ON GOODS AND SERVICES YOU USE EVERY DAY.Landlord Services Suppliers Service ProviderScreening for tenants & workers with 20% discount for members. Discount card for all members providing Learn how to save money at Home De- a 10% discount on all services.. pot and register for a 2% Rebate for all purchases & rentals across the US. Electronic collection for bounced Plus 20% Discount on Paint in Kansas rent checks. No charge to you. City. News & Information FORMS & DOCSMember Library is packed with formsand docs, plus 15 % discount at EZLandlord Forms for premium forms. E-Update All members receive a discount card Our weekly email update with what’s to access our exclusive discounts up happening in real estate including to 40% off all paint, supplies, and flooring—nationwide. properties for sale, government af-Market your rentals on the nations top fairs and local market data.ranked rental site. Member discount is 20% off Regular Prices. Marketing Investment News The newsletter for Mid-America Asso-Office Solutions ciation of Real Estate Investors: pub- lished monthly and distributed both in print at our meetings and digitally to our database of over 5000 people.Save on select FedEx Office copy and Websites for investors, landlords, and print services up to 20% and on other services. FREE trial. FedEx Shipping up to 22%. Magazine for the real estate investor.Receive discounts up to 65% on over With discount subscriptions for MAREI Email and Social Media Marketing, Free members. 12,000 products you use the most online and in store. Trial and Discounts for paying in ad- vance. Continued . . . .Page 10
  11. 11. Other Discounts Member Service We have several services as part of our website to help you grow your business. MAREI’s Government Affairs ac- tively monitors national legisla- tion and rule-making that im- pacts the real estate industry and harnessing the strength of MAREI Nearly 70% of QuickBooks users say members at the grassroots level.that it makes their business more prof- itable. Get your Accounting on track. Calendar of Events to stay up to Buy at a 40% discount through Na- date with all of our activities. MAREI mem- tional REIA. bers also re- ceive timely Calls to Action REAL ESTATE BOOKS when there is a The nation’s largest provider of time for our real estate training materi- members to als, DEARBORN is America’s take action on an important vote. Premier Real Estate Pub- lisher. Members receive up to Browse the member properties to Members also 40% off. find your next deal. Take the have access time to post your investment op- to the latest portunities for other members in Market and site visitors to browse. Data. Special member discounts for members at Avis, Budget, and Enterprise Rentals. VISIT The Member Library is packed and ever growing with pdf ver- sions of entire books, EBooks, Look under Resources - Articles, Forms, and Documents. Discounts Investment News Page 11
  12. 12. As Small Business own- earned income, now ex- ers we have been tak- empt from the payroll ing a wait and see ap- tax, would also be sub- proach to Obama Care ject to a 3.8 percent and the new Health levy. “ Care Law. With the Su- And this 3.8 percent preme Court taking a levy has sparked a ton stand that we can’t be of blog posts. Reading forced to buy anything a post on BiggerPock- we want, but we can be from Chris taxed if we choose not Clothier I found an ex- to, it looks like we have cellent explanation of to take a look and see the 3.8 percent levy. what’s going to happen. “In the healthcare bill, Now I am not an expert there is a new tax cre- and have not read the ated on investment in- law, but I am pretty come for high income good at using Google households and it is and then reading and absorbing what I find. called a 3.8% Medicare tax. This tax will not effect all So first off, as a small business owner with fewer than investment income and will not effect all real estate 50 employees, I am not require to provide Health Care transactions. It is not a sales tax, but a levy tax and am exempt from the ruling. But should I want to against profit on certain transactions that meet a high offer insurance to my employees as a part of their threshold. . . . Parameters . . . First of all, it is a tax compensation package, then based on all the articles I that will only be imposed on households with a com- am reading, I will probably have to pay more for it as bined income above $250,000 or individuals with an time goes on that I would today. income above $200,000. Regardless of the transac- Next as a small business owner, most of us are self tion, this is the first stipulation that must be met and employed. This requires us to provide ourselves with excludes about 97% of all U.S. households. From there, well you definitely get penalized for making health insurance or pay a penalty. We can’t be denied good business decisions! coverage and if we are below an income threshold, we can apply for Medicare. The next stipulation is that you must make a return on Also as a small business owner, providing insurance to the sale of the investment property above the capital gains threshold which is $250,000 for individuals and our employees, we are supposed to qualify for tax $500,000 for couples. That is a high threshold. At credits. The IRS website says “ Small employers that that point the tax does kick in, but only applies to the pay at least half of the premiums for employee health insurance coverage under a qualifying arrangement amount of income above the exclusion. For instance, if you sell a property and earn a $550,000 return as a may be eligible for the small business health care tax couple, you will be subject to a 3.8% tax on $50,000 credit. The credit is specifically targeted to help small businesses and tax-exempt organizations that primar- provided your adjusted gross income is above ily employ 25 or fewer workers with average income of $250,000 for the year. If not, then there is no tax.” $50,000 or less. “ Now all of this maybe a huge exercise in the wasting of time, if the Republicans get their way and the presi- Congressional estimates put premiums being 10 to dency as they may repeal all the laws. 13% higher by 2016. But they also estimate that most people would qualify for subsidies that would off So how is this all going to affect me, as a small busi- set our costs. ness owner? I am sure it is going to cost me more in From the New York Times we learn: paperwork and money spent paying someone to read, understand and fill out that paperwork. Couldn’t they “A family of four with an income less than about just make it simpler and cheaper rather than subsidiz- $88,000 can get tax credits, on a sliding scale, to help ing it and giving me tax credits for it? them pay insurance premiums and deductibles. High- income earners — families making more than $250,000 — will pay several thousand dollars more in Kim Tucker—Kansas City Real Estate Investor and Medicare payroll taxes starting in 2013. Their un- MAREI Director .Page 12
  13. 13. Visit Or email info@MAREInet.comInvestment News Page 13
  14. 14. What’s Your Code? As MAREI works to uphold the Real Estate Investor 4. We shall endeavor to stay informed and up- Industry in the Mid-West, we require that all of our dated on matters affecting housing in our commu- members and affiliated business take the time to nities, and adhere to local, state and federal laws. create and follow a code of ethics that will further help to promote and support a strong Real Estate 5. We are individually responsible for our own Industry. due diligence and continuing education. Members are expected to verify any and all assumptions re- MAREI’s Code of Ethics is as follows: garding business decisions to prevent falling victim MAREI members are expected to be civic minded to fraud, misrepresentations and illegal practices. and willing to operate with high standards of hon- Further, if any allegations of conduct considered esty and integrity. It is our duty to conduct our- detrimental to the purposes and interest of MAREI selves with the highest principles of the free enter- are received in written and signed communication prise system. We strive for MAREI to be synony- to the management, we will consider the mat- mous with competence and fair- ter. Should a decision to take fur- ness. As MAREI members, ther action be made, a we hereby bind our- furnished copy of selves to this said allegation code of ethics: (s) to the ac- 1. We cused, who shall not shall be discrimi- given nate adequate against time to any person re- with regard ply. There- to race, color, after, manage- religion, age, na- ment shall take tional origin, sex, handi- such further action as cap or familial status as de- it may deem property and in fined by current Kansas, Missouri, or Ne- accordance to this code of ethics. braska law. By implementing a code of ethics in your business, 2. We shall recognize that real estate is a service you help your fellow members present a steadfast related industry. adherence to strict moral code in our industry and help us raise our industry to a professional, re- 3. We shall refrain from engaging in any illegal spected industry across the country. This in turn practices, or defrauding any member, customer, or helps us present a strong and well respected voice association, with the aim of always conducting busi- at the local, state and national level when it comes ness in a professional manner. time to speak out to community and government officials on issues that affect our industry.Page 16
  15. 15. New Members Renewing ► Michael Benson: Kansas City, MO ► Richard Brewer: Belton, MO (since 2006) ► Sandy Blake: Lee’s Summit, MO ► Ray & Wendy Eaton: Liberty, MO (since 2010) ► Benjamin Casad: Prairie Village, KS ► Steve Kolb: Kansas City, MO (Since 2007) ► Tim Champaign: Kansas City, MO ► Venus Lehner: Greenwood, MO (Since 2011) ► Patrick Cobb: Blue Springs, MO ► Bryan McDonald: Independence, MO (Since 2010) (internet) ► Rick Romines: Independence, MO (since 2011) ► Robert Dodge: Lee’s Summit, Mo ► Russell & Sue Robertson: Kansas City, MO ► Venita Fain-Siffre: Kansas City, MO (Since 2008) ► Lessie Liggans: Kansas City, MO ► Kevin Smith: Overland Park, KS (since 2009) ► Mike Moeller: Independence, MO ► David Stewart: Overland Park, KS (since 2007) ► Rapheal Pickett: Independence, MO ► Kelley Weston: Lee’s Summit, MO (since 2007) ► Jill Saighman: Blue Springs, MO ► Daniel & Cathy Stueckemann: Bonner Springs, KS Business Members ► Jason Walker: Independence, MO ► Accurate Title Company—Since 2005 ► Ida Wallace: Grandview, MO ► Cornerstone Foundation—New MemberInvestment News Page 15
  16. 16. Membership Options Membership options have been changing quite a that meet in Kansas, Missouri and Omaha to for- bit here at MAREI and we wanted to update you mat a cobranded membership that links our $50 on them. internet membership with a full membership to the small local group. This is in an effort to help Starting with our Standard—Investor Member- the smaller groups grow and support our industry ship. This is a membership for an individual per- in our area by offering their members access to son and includes: our tools, while the local group provides the local ► Attendance at our Monthly Tuesday Meeting live networking that is very vital in our industry.; ► Access to all Protected Areas of the Website For those who offer a product or service that the including: Library, Forms & Contracts, Fo- real estate community would benefit by purchas- rum, and all other online Resources ing and who want to reach out to our industry, we suggest a business membership at MAREI. ► Ability to submit blog posts and properties for This is a membership for the business rather than sale on our website. the individual person and includes all the same ► The many discounts listed on page 10 & 11 benefits as the Standard Investor member and includes two name badges to attend the monthly ► Discounts to paid events. MAREI meeting. The Business Membership also ► Ability to participate in our industry certifica- includes an advertising piece that includes ads in tion program. this newsletter that is printed and handed out at our monthly meetings as well as created digitally This level of membership is $99 annually for one and posted online and emailed out to our data- person and auto renews after 365 days at $90. base of over 5000 people. With all of our re- You can add a business partner or spouse or sources our newsletter is presented to over child for $50, up to 3 extra people. 10,000 people. Business members are also We also offer this same membership individually posted on our website in our service provider for a monthly recurring fee of $12 with an initial section and included on a rotating bases in our bi fee of $15 or a quarterly recurring fee of $30 weekly E-Update. We also currently offer our with an initial fee of $35. business members 3 free Vendor Tables during our networking time at our monthly meeting. We also offer an internet only membership for our out of area members who do not wish to at- Business memberships are $499 annually or we tend our monthly meetings. This includes all the can divide this up to quarterly payments of $135 same benefits and discounts of membership, ex- a quarter, with a starting fee of $149. cept the monthly meeting is not included. Inter- To find out more about memberships and to join, net members can still attend the monthly meet- please visit our website: ing for the $25 fee at the door or $15 through and review the membership tab. our website. This membership is only a $50 an- nual fee and auto renews in 365 days for $45. We are currently reaching out to small groupsPage 18
  17. 17. For Investors By Investors In this market, you want an agent on your side For title, escrow, that has the knowledge, the ability, 1031 & foreclosure. the EXPERIENCE, and the resources to help you! Realty Resource 8014 State Line Rd, #210 816-523-4400 Bud Whisler 816-380-3441 HOUSES WANTED 1(877) 752-2742  Built After 1950 Lisa Goodner Minimum 3 Bed, 1.5 BathBecause APIA sells only Real Estate Owned Eastern Jackson County(REO) and Forced Lender insurance coverage, MO or Johnson County KSweve become the industry leader in providingcomprehensive, affordable coverage to inves- Retail Value $100k-$200ktors, financial institutions and mortgage compa-nies.Our company specializes in Real Estate Owned No Rental(REO) and Forced Lender insurance coverage Local Cash Buyer Looking for 2 to 4 Houses afor property investors, servicers, financial insti- month to purchase, rehab and sell. Money Part-tutions and mortgage companies. Standard in- ners want their money placed quickly so they cansurance companies also turn to us for our ser- turn their money fast and make a profit. Can’t dovices. that with out houses! Bring us a deal! Email: Submit Online: Investment News Page 19
  18. 18. CALENDAR OF EVENTS Locations, Costs & Registration July Meeting: Open Mic Night for Q & A on July 10th. Moderated. De- tails & Registration at Free for members. Fee for non-members Beginner Fast Start: Are you a beginning investor? Not sure how to start, where to learn, what to ask? Then join us for our Beginner Fast Start to Success Workshop on Saturday July 14th in Kansas City, MO. Details and Registration: Fee Realty 411 Event: Is your target market the out of state investor? Then you need to attend this Saturday event on August 25th sponsored by Re- alty 411. See Back Page for more info. FreeWeekly Groups: Monthly GroupsLees Summit Investors: Sundays at 9am Wichita Investors: Meet the 1st Satur-at the Panera Bread on Chipman Road in day of the Month at the Keller WilliamsLee’s Summit, MO. Office in Wichita, KS.Wednesday Investors: Wednesdays atWaids at 103rd & State Line in Kansas City, MAREI: Meets the 2nd Tuesday of theMO. month at Career Education Systems insideBlue Springs / Independence Investors of Ward Parkway Shopping Center, Kan-Saturdays at 4pm at the Panera Bread on 40 sas City, MO.Highway in Independence, MO Omaha REIA: Meets the 3rd Monday ofAll weekly groups meet a a local dining es- the Month at Community Center at 3534tablishment. It is required that all attendees South 108th Street Omaha, NE 68144purchase something to pay our host locationfor the use of their space. We request thatattendees to weekly events be a member ofMAREI so you can access all the tools theydiscuss.Page 18
  19. 19. Affordable, Hands-on Mentoring in KC On Demand Training "Doing Deals” 30 Minute Segments Top Investor Trainers Experienced Investor/ over 150 deals done/ all areas creative finance / Wholesaling/ Seller From the Comfort of Finance/ Subject to / Short Sales/ Private Your own Internet Connection Lenders / Affordable Marketing/ Probates / $39.00 Training Courses Cash Buyers / Apartments & MORE! REO & Lease Option Creative Financing Automated Investments Please text or email for your FREE information Auctions & Foreclosures package Or complementary appointment / Short Sales Wholesaling 101 832-766-6997 accurate Accurate Closings: Smooth, Timely, Professional. Property Insurance for Title Services Provided for:  FSBO, Wholesale, & REO Transactions Rental, Vacant & Construction  New Construction Closings Residential & Commercial  Commercial Purchases and Refinance  All Types of Loan Closings Pay-As-You-Go  1031 Exchanges  FHA, VA, USDA, Conventional Loans, and Hard Money Loan Closings Jim Jrolf  Refinance & Reverse Mortgages  Doc Prep, Prelim HUDS, Curing Issues Toll Free: 888-741-8454  Short Sale Closing & Assistance Direct: 913-951-3232  100 Years of Combined Service! 913-338-0100 phoneInvestment News Page 23
  20. 20. the Opportunity FREE copy of the July / August Issue of Personal Real Estate Investor Magazine at the June & July MAREI meetings. Real Estate, the Economy & YOU! As a real estate investor, you and all of those like ► Resale Investors are unhappy with the prop- you from across the globe are indispensable to erty acquisition (48%), and disposition process the US economy and the recovery of the US Hous- (39 %.) Things which are important and frus- ing Market. trating to traditional homebuyers/sellers: time National Real Estate Investor Magazine and Real on the market (73%), marketing the property Trends Magazine along with some sponsors, like (50%), cost of sale (38%) and asking price to MAREI’s own sponsor Home Depot conducted a final sale price (31%) also affect investors. study this spring and came up with some interest- ► 21,000,000 households are housed in single ing statistics: -family rental homes and less than four-door ► Individual Investors rent to 21 Million Ameri- multifamily properties owned by individual can Households. Americans as investments. This asset base in- creases 5% per year. The majority of these ► Investors buy 1.24 Million Investment Homes individuals or family businesses do not define Annually. themselves as real estate investors. ► They hold $2.3 Trillion in Residential Assets. ► Investors purchase more than 1.2 million single-family dwellings intended as invest- ► 83% of investors are Landlords versus Resale ments in 2011. Investors, but 65% of the Landlord Investors plan to sell in the future when the market re- Andrew Waite the publisher of Personal Real es- covers. tate Investor Magazine writes that “The individual real estate investment community as a group has ► Investors have cash. 63% use cash or some not been well represented in the industry or the combination of cash, hard money, or tradi- media.” tional lending. There is a $113 billion lending need in 2012 and growing. The industry as a whole is looked upon as shady, late night infomercial, get rich quick hucksters and ► Investors are important for real estate sales, slum lords. But this is very far from the actual 90 lender and other professionals as each inves- percent of real estate investors who are quietly tor represents 3 transactions in a typical year. acquiring property and providing housing across General public buyers/sellers represent 1.7 the country. transactions over 7-years (typical residence change/upgrade cycle). Investors are worth In the past, the service industry primarily wanted 21 transactions vs. only 3.4. to work with homeowners, because of the stigma on the industry. But this is changing as the inves- ► Investors spend lots of money. Repairing, tors more and more are turning to groups like renovation and “making-ready” between rent- MAREI for professional education. Also with the ers. A total of over $9 billion a year. decline in owner occupied sales, the service indus- try is getting educated and licensed to provide ► Among the aspects of business that the Professional Property Management Services to the Renter Investor is dissatisfied with are manag- local, out of state and more and more to the inter- ing investments personally; particularly finding national real estate investor. the right property to buy (65%) financing (42%) and managing the process of getting a This can be seen in a major way as The Home De- renter. pot in the past year has formed an alliance with a number of association and investor friendly busi-Page 20
  21. 21. nesses, like National REIA and all yourself with out of area and rental properties with highof their affiliated Chapters and out of country investor buy- returns, easy acquisition, andMembers. They are currently ers. no hassle management soworking on a mobile “app” to At the reception National REIA they can get cash flow nowhelp the investor assess a prop- mid year convention many of the and build a portfolio that canerty for needed repairs. Midwest REIAs like MAREI started be sold in the future for re-So what does this mean for you excellent discussions with REIAsas a real estate investor? that cater to West Coast and Out tirement income. of Country Investors.1. You have a huge opportunity ► Out of area and country in- to make a great profit in the Some key topics of these discus- vestors are also looking for real estate industry as we still sions included: networks who can refer them work to improve the housing economy. But you do need to ► Out of country investors, like great products and services. act now, as many experts be- those in Australia know that This means then need provid- lieve we have hit the bottom today is the opportunity of a ers of houses, they need and are on the way up. In lifetime to build real wealth property managers, and they some markets like Phoenix, with US Real Estate. need a support staff. Las Vegas and Miami their ► Many out of country investors market and prices are start- have purchased several or So what is one of the hottest ing to go back up. even many US properties and markets they are looking at?2. If you don’t have your niche are telling their friends about Well they like the Midwestern cit- perfected, take time to edu- the opportunity. ies and Kansas City is one of the cate yourself and form pro- ► They are facing the same major investment areas on their fessional alliances with strong problems local investors find, list. While they can get great industry providers to help you finding good, quality, low grow your business. properties in Kansas City, many priced product that offer are still looking for that solid ser-3. Don’t discount yourself. As great rental returns while bal- ancing that against vandal- vice provider. the numbers show, the real estate investor industry is ism, high turnover and the Here at MAREI we are working to spending millions, billions, cost of brining a vacant prop- connect with these out of area maybe even trillions. So erty back into productions. and out of country investors to keep that in mind. let them know of all the great ► Many out of country investors4. Keep an eye on your local, as well as investors from hot properties and services our mem- state and national govern- markets in the US are facing bers have available. We are see- ment and let your officials their own housing bubble with ing a large increase in phone know when they are getting housing being so high priced calls from these groups and we out of line and remind them that they can only hope to that you are a part of local invest in their local market for consistently direct them to the and national associations that tax benefits and appreciation website. We are also seeing represent millions of dollars over time because they only them at our monthly meetings, spent on housing and related have negative cash flow. we generally have 3 or 4 out of service industry that is pro- ► Also many out of country in- state investors. They are buying viding millions of jobs and taxes. vestors have much more houses from our property page strict lending guidelines at and looking for services as well.5. Remember you don’t have to home, making the US mar- So if you are not currently mar- limit your investing in your kets that much more attrac- own backyard. If you live in tive. keting on the MAREI page, take an area where opportunity some time to find out the best does not exist, look to mar- ► By investing in the US, these way to connect on our pages and kets like Kansas City. out of country buyers can get be sure to reach out live and in6. And for those of you in oppor- tax flow, appreciation AND person by attending the monthly tunity markets, you have a positive cash flow. meetings. huge opportunity to align ► Most are looking for nice solid Investment News Page 21
  22. 22. No Address Provided $15,000 4 Bed Swope View Area, Esti- Makeba Hart 1 Bath mated NOI $486.29 Virtue Investments, LLC Repair Costs Basement 816-665-0491 $20,000 819 White Ave $20,000 3 Bed Cash Flowing in Historic Christoph Becker 1 Bath North East. Net ROI Blue Print Properties Kansas City, MO Rented Basement 24% 816-419-1165 10211 Hilcrest Rd $39,500 3 Bed Completely Rehabbed Christoph Becker 1 Bath South Kansas City, rent Blue Print Properties Kansas City, MO Rehabbed 1 Car estimate $800, esti- Basement mated Net ROI 18% 816-419-1165 1000 sq ft 513 Montgall $17,500 2 Bed Investor Special, His- Christoph Becker 1.5 Bath toric North East. Esti- Blue Print Properties Kansas City, MO Livable Basement mated Rent $600. 1500 sq ft 816-419-1165 2208 E 72nd St $39,900 4 Bed Completely Rehabbed, Christoph Becker 1 Bath Estimated Rent $850, Blue Print Properties Kansas City, MO Rehabbed Basement Proposed Net ROI of 1 Car 21% 816-419-1165 1300 sq ft Kansas City MO $15,000 and Assorted Assorted Sizes, Condi- Makeba Hart Below Properties tions and properties Virtue Investments, LLC 816-665-0491 Overland Park, KS $77,000 2 Bed Great OP Location, Craig Roth 1 Bath Huge Lot, Rents $800. L & C Investors Fixer 1 Car 845 sq ft 913-649-3801 5147 Rinker Ave $13,900 3 Bed Handy Man Special in Makeba Hart 1 Bath Raytown Schools Virtue Investments, LLC Kansas City, MO Fixer 1 Car Bsmt 816-665-0491 Raytown Schools 917 Sq FtPage 22
  23. 23. MAREI Member 5629 E 39th Tr $6,000 3 Bed Cash Deal, Needs Cos- Christoph Becker 1 Bath metic TLC. ARV Blue Print Properties Kansas City, MO Fixer Basement $30,000. Est Rent $700 900 Sq Ft Construction Crew 816-419-1165 Available 5530 Euclid $7,000 3 Bed Some Repair for an ex- Christoph Becker 1 Bath cellent Rental. ARV Blue Print Properties Kansas City, MO Fixer Basement $35,000, Rent $750 Only $7,000 816-419-1165 4120 E 53rd St $5,000 2 Bed Super Cheap at Christoph Becker 1.5 Bath $5,000 . ARV $25,000 Blue Print Properties Kansas City, MO Fixer Basement Estimated Rent $500 800 Sq Ft 816-419-1165 703 & 707 Indiana $30,000 for 4 plexes 2 Buildings Christoph Becker pair, $17,500 Brick ARV Each $80,000 Blue Print Properties Kansas City, MO Estimated Rent $650 Each per unit or $62,400 per 816-419-1165 4 Plexes year for all 8 units 8409 E 109th St $29,900 3 Bed Turn Key Ready, Esti- Donald Tucker 1.5 Bath mated Rent $750 to Kansas City, MO Rental 1 Car $850 +. Ready to Rent kcmoHome- Basement Now. 1500 Sq Ft 913-208-3017 4025 Agnes $45,000 4 Bed ROI with cash sale 15% Laura Johnson 2 Bath ROI with financed sale Adept Properties Kansas City, MO Basement 48% AdeptProper- 9214 Manchester $81,700 3 Bed Remodeled Ranch Joe Clark 1 Bath Reece & Nichols Kansas City MO 1 Car JoeClark Full 1230 sq ft 913-384-8331 Your Property Here MAREI mem- On the Reprinted here in And linked to social me- bers Post for Website Newsletter dia. FREEInvestment News Page 23
  24. 24. Using the Member Website Making a Forum Post One of the benefits of membership in MAREI is being able to ask a question of the membership. This could be a question on a deal, to refer a property, or ask for a service provider reference. In our June newsletter we outlined how to log into the member forum, please look for the newsletter on our website. This is your guide to making a post after you log in. Step ONE: Log into the MAREI Member Forums Step TWO: Select the proper forum. In most cases this is going to be the “General Messages” and click Step THREE: Click on “New Topic” to open a new message screen. Step FOUR: Fill in a Subject Line and then type in your message. Step FIVE: Click the Submit button We are not going to take you step by step through everything. We think for the most part you will be able to figure out how to use a back arrow key or the links across the tops of each forum to go back to where you started. We do want to offer a few tips:  Keep property postings in the property postings section.  If you make a post, many times it is going to go out via email and be read in the receiving persons email provider, not on the forum page. So if you want a response quickly, we recommend typing some sort of signature at the bottom of your post that includes your name and a phone number. Replying to a Post We highly recommend that when you reply to a post that you go to the website, log into the MAREI member forums and make your reply with in the website. Why? First, when you reply within the website, the reply is posted online so all members can read it. This means you get a lot more people reading your reply. Second, if you reply via email— which means the post was placed on the website and emailed to you. If you just click reply within your email, your reply does not go anywhere but the MAREI email box. Then you have to hope that someone is reading the MAREI email and has time to forward your response on to the right person. And it may just get lost and you have just wasted your time. Third, if you do call or email the person directly with a response, you miss out on all the other people who may have bene- fited from your answer. For example you might have read a post of someone asking for a recommendation on someone who lays tile. You are an exceptional tile person and want to let them know they can contact you and see some examples of your work on your website. If you call that person, only that person knows you do tile work. However, if you take a few minutes to log in and post your response online, then everyone knows you lay tile.Page 24
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