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The Investment News: November 2011

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The monthly newsletter for Mid-America Association of Real Estate Investors. A Real Estate Investing Trade Association based in the Kansas City Metro Area. Find us online at www.MAREInet.com.

The monthly newsletter for Mid-America Association of Real Estate Investors. A Real Estate Investing Trade Association based in the Kansas City Metro Area. Find us online at www.MAREInet.com.


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  • 1. MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORSInvestment NewsNETWORKING : EDUCATION : COMMUNITY November 2011 WHAT DO YOU THINK? Help us determine 2012 Programming: www.MAREInet.com/SURVEY Participants in Survey Receive:  1 FREE Month of Membership**  Entered into a Drawing for $100 Home Depot Gift Card Must be completed by November 18th at 5pm ** Added onto your existing mem- bership. Join tonight and we will give you 1 free month for partici- pating
  • 2. MAREI Notes Contact Information PO Box 8685, Prairie Village KS, 66208 Phone: 913-815-0111 Fax: 816-523-4448 Our Mission Statement Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate in- vesting 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 MAREI does not exist to render and does not give legal, tax, economic or investment advice and 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 his/her own counsel, accountant and other advisors as to legal, tax, economic, investment and related matters concerning real estate and other investments. Honors Content Disclaimer Of Merit The views and opinions expressed by authors of articles contributed to this newsletter do not neces- sarily reflect those of the association, the board of directors or the staff. Advertise in the Investment News 2011 Rate Schedule Size Non-Member Member Business Associate Electronic Full Page $175 $140 $115 1/2 Page $145 $105 $85Communication 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 Membership 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 Development advertising on www.MAREInet.com. Call 913-815-0111 for more information. Email ad copy to info@MAREInet.com. Mail payment to MAREI, PO Box 8685, Prairie Vil- lage, KS 66208 or request an online payment for to use credit or debit card.Page 2 MAREInet.com
  • 3. MAREI StaffKim Tucker 816-523-4400 Don Tucker 816-523-4400 Steve BurnsDirector President Audio VisualKim@MAREInet.com Don@MAREInet.com cashflowtreasures@gmail.comJohn Welchert Dan Goodwin 913-642-5218 Shelda GoodwinMeeting Ambassador Meeting Ambassador Meeting Ambassador816-522-0002 DanGoodwin@kw.com SheldaGoodwin@kw.comvolunteers: Be sure to thank our volunteers whohelp out at each and every meeting making sure the entiremeeting is a success. If you would like to volunteer fromtime to time to help set up, take down, or check in, or as-sist for a few hours in the business office, please emailinfo@MAREInet.com or call 913-815-0111. Scott TuckerNeed: Blog Articles, Newsletter Articles, Workshops for Meeting Ambassador STucker319@gmail.comMembers, Guest Speakers, Office Assistance, Web Mas-ter . . . If this might be you, let us know! Investment News Page 5
  • 4. m ar ei BUSINESS MEMBERS ADDRESSING THE NEEDS OFType Company Web Phone ContactAttorney Wise / Anderson BobWiseLaw.com 816-942-5925 Bob WiseContractor Te-Tee Light MAREI Vendor 816-356-1870 George BaiInsurance APIA REOIns.com 877-752-2742 Lisa GoodnerLender Argentine Federal Savings ArgentineFed.com 913-402-1500 Ann WilkinsonPartnering kcmoHomeBuyer kcmoHomeBuyer.com 816-523-4400 Don TuckerProp Mgr Abraxas Prop Mgmt AbraxasMgmt.com 816-474-8800 Meka CayceProp Mgr Jamieson Home Team JamiesonHomeTeam.com 816-503-4671 Kevin JamiesonProp Mgr Premier Leasing MyPremierLeasing.com 816-841-9500 Jeff WoodsRealtor Realty Resource RealtyResourceKC.com 816-523-4400 Kim TuckerSecurity Devcon Security DevconSecurity.com 913-907-4942 Marian CollinsStaging ShowHomesKC ShowHomesKC.com 770-853-3506 Amanda PalombaSupplier Canyon Stone Canyon-Stone.com 913-254-9301 Matt PuckettTitle Accurate Title Company AccurateTitleco.com 913-338-0100 Jackie White Real Estate Investors and Landlords depend on a well rounded team of professionals. If you are building your team or looking to make a trade, start your recruiting with our Vendor Members and Business Associates. See a complete list of suppliers and any discounts they may of- fer to MAREI members by visiting, www.MAREInet.com. http://mareinet.com/associatesPage 4 MAREInet.com
  • 5. Contents MAREI News In This Issue MAREI Business Members 2 MAREI Meeting Staff 5 Notes from Director 6 Fraud in Real Estate 8 Real Estate: the Perfect Storm 10 Risk vs Reward: Protect Yourself as a 12 Landlord Coalition for Sensible Housing Policy 14 Market Data: Investing Research 16 Top Tips for Landlords 20 MAREI Calendar of Events 22 Registering for MAREI Events 24 Classifieds 25 New & Renewing Members , Guests 26 Join the Conversation ‫׀‬ Bonus at November Meeting https://www.facebook.com/ FREE copy of the December Issue of KansasCityRealEstateInvesting Personal Real Estate Investor Maga- zine. To Subscribe at a Discount, https://www.facebook.com/ please go to www.MAREInet.com/ groups/kcrei/ preiMagazine, MAREI members save $5 more in the member area of the http://twitter.com/#!/mareinet website.Investment News Page 3
  • 6. Director’s Notes . stead of listing the properties for sale with a We open this month with a very Realtor or even working with a wholesaler, the unpleasant topic, but one that Attorney sort of marketed the houses to people needs discussed. What happens that they knew for over a year. No one was in- to your business when you die? This was sug- terested in vacant, vandalized homes at the ap- gested to me as a meeting topic from National praisal value or for an entire package of houses. REIA and it has been in my mind for quite a while As that year went, so did the values of the prop- to have as a meeting topic. Here’s why . . . erties. Until I came along in early 2006 and In this story, a true story, a local Kansas City In- said, OK, in theory I will buy these houses for vestor had amassed his real estate empire of 75% of appraisal value if I can buy them one at about 30 almost free and clear, rented, and cash a time and if I can have 5 months time frame to flowing properties. The year was about 2004. He close them. I was not going to even go look at was unexpectedly killed. He was his entire busi- them unless they agreed right up front to a 75% ness, doing the buying, the maintenance, the rent- cut in price. They agreed and we went to look. It ing up, the collecting of the rent, etc. His heir was ended up that I was at about 65% of appraisal a teen age daughter who had no way to take over value . . further reducing the income to the state for him and the entire empire was dropped in the to about $780,000. Because the investor did not laps of the investors attorney. have a solid business plan of succession in place, his teenage daughter lost about I don’t have the exact numbers as this story is $720,000 in property value alone, plus because from memory, but lets estimate that these 30 the attorneys took so long, they probably lost houses, rented and cash flowing had a value of another $100,000 to holding and basic mainte- about $50,000 each, for a total value of about nance fees plus attorney fees. If the business $1.5 million. When he died, his business passed would have passed even to an attorney who off to the attorney to dispose, pay the bills and would have hired a property manager to keep then leave the rest to the daughter. The attorneys them in good repair and rented AND listed them really knew nothing about rentals or real estate. for sale, they would have sold for much higher The attorney continued to manage these proper- value in a much shorter time frame. ties rather than place a property manager in place. Moral of this story, have a plan in place. Join us The attorney collected rents, but did nothing to at the November Meeting to find out more about keep current tenants or to re-rent the vacant units. creating YOUR Plan. Don’t leave it up to some So rental income declined as tenants moved out, attorney you don’t know to make sure that your reducing the value of the homes. As tenants business winds down profitably or continues pro- moved out, homes were vandalized, further de- ducing an income to provide for your family. creasing their value. The attorney hired an ap- praiser at one point in 2005 to do “as is” apprais- See you on the 8th als on these now mostly vacant houses and came Kim Tucker up with values of about $40,000 at this point, re- Director ducing the package value to about $1.2 million and costing the estate a lot in appraisal fees. In-Page 6 MAREInet.com
  • 7. Wireless Security Systems Keypad, 3 doors, 1 motion, 1 primary & 1 door siren On Demand Training One time Charge of $99 plus tax 30 Minute Segments Includes installation Requires 36 month contract. Top Investor Trainers Monthly Monitoring Fee $39.99 From the Comfort of Sell house transfer to new owner Your own Internet Connection or move to new house $39.00 Training Courses DevconSecurity.com REO & Lease Option Marian Collins: 913-907-4942 Creative Financing Gary Hartman: 913-991-1612 Automated Investments Auctions & Foreclosures Short Sales Government Grant Money www.MAREIU.comBUILD 2011 National REIA Honors of Merit Winner ON SUCCESS WITH MAREI Kansas City’s Premier Resource for Successful Real Estate InvestingJOIN NOW!  Education, Training & Support Call  Networking for team & skill building 913-815-0111 or visit  Discounts from local & national vendors www.MAREInet.com  Government & Community InvolvementInvestment News Page 7
  • 8. Do you have a Succession Plan As a small business owner, be it a family- have more than 50% of their wealth owned small business or not, there are many tied up in their business. issues to consider when planning the succes-  One third of family business owners sion of the business. You want the succession are over 60 years old. And of these, to happen in an orderly fashion be it according 71% who are over 65 indicate they will to a planned retirement or an unexpected debili- continue to work indefintily rd tating illness. To make sure this plan runs  Last 1/3 of all people currently 35 smooth you need to work with a professional to years old will be disabled for 90 days or establish a plan and the documents to handle more before reaching the age of 65. the transition. Scary numbers aren’t they? Do you want to Think about this: be chasing a wholesale deal or listing a house  95% of all American businesses are for sale when you are 85 years old? Or do family-owned, you want to spend some time now getting  they generate 40% of the Gross National your plan in place so you don’t have to be Product, chasing your next profit or commission in the  family owned business represent 35% of future. the 500 largest US companies  only 28% of these family owned busi- Let’s start your checklist: nesses have a succession plan.  What are your goals and vision for ownership and management transfer? Some more things to think about:  Do you have a successor identified,  Of the owners of family-controlled busi- ready to take over, and in place? nesses, 57% intend to transfer the busi-  Will your family be involved in the lead- ness on to family members. ership, ownership, and running of the  70% of family businesses fail to survive company? into the second generation.  Do you have a plan in place to mitigate  More than ½ of the business owners or eliminate estate taxes? Don’t miss this event! Monthly MeetingOctober Monthly Meeting: Agenda Tuesday November 8th, 2011, 6pm to 9pm 6:00 Check in / Vendors / Networking Career Education Systems, 7:00 Announcements / Q & A w/ Andy Heller FREE for members, Guests $25 at the door, $15 if you 7:30 Presentation pre-register 9:00 AdjornPage 8 MAREInet.com
  • 9. Guest Speakers  Do you have fund avail-  If you are leaving the able to avoid the need of business to your children selling your business to who are active in the pay your debts? business, is there an eq-  If you have a partner, do uitable distribution of es- you have a buy sell tate to your other chil- agreement in place? dren.  Do you know the value  If you are leaving the of your business? business to the children,  Do you have a plan in will they be able to pro- place in case you be- vide financial security to come disabled? your surviving spouse? and MBA with 30 years experience  Are you and your family  What will be the source helping individuals and business own- ers. He’s a well-known lecturer on dependent on your busi- of income for your sur- accounting and taxation, serves on ness to meet your retire- viving spouse? the editorial board of several tax publi- ment cash flow needs?  Will there be conflicts cations, and has appeared on TV and within the family? in print many times. Carl Heintz is aSome issues to keep in mind as Kansas CPA, based in the Leawood office. He leaves no stone unturned inyou plan your business succes- As yourself this: Do I have a the quest for tax savings.sion. plan in place that will allow my  Will your heirs and the business to survive after me or remaining management to liquidate it after me, to pro- of the company fight for vide for my families needs or control of the business my own needs should I be dis- and the money? abled? Or do I have the mak-  How are your heirs and ings for a made for TV mini se- the new management ries where the heirs are fighting going to keep key peo- over my small or large estate to ple? the entertainment of millions?  Will the heirs be forced and Kansas Attorney, who has the to sell to pay your debts? Join us on November 8th to training, talent and experience that clients appreciate. Her insight into  How will your heirs be learn more and find out how to financial statements helps clients to able to retain income get all of these questions an- save money, and improve effi- from the business? swered positively. ciencies. FREE Gift! Get instant access to 3 great FREE Bonuses. Valued atBe sure to use your discountcard for savings of up to 40% $200: Must Know RE Terms 2% Rebate, Get Registered.off regular pricing in all stores Glossary, Think & Grow Rich Instructions in the membernationwide. This is all part of Book , and Training eCourse. area of MAREInet.com. Loga NATIONAL Contractor Ac- in, click on Member Librarycount for awesome price sav- and look for Home Depot inings! Card is in your mem- the Benefits Section.bership package! Investment News Page 9
  • 10. Forms Assignment of Contract In real estate the concept of buy low sell high often are assignable, unless they specifically state some- uses the “Assignment of Real Estate Contract Form”. where in them that they are not. At one time you could go buy a house and sell it all on This brings us to bank owned properties. When you the same day, and have the proceeds from your end are purchasing a bank owned property that is listed buyer fund your purchase from the original seller. by your local real estate agent, 90% of the time that Everyone goes to closing, and you as the middle man bank will have a special addendum that you will have or woman walked away with a profit for your troubles. to sign that specifically states that “this contract is not Due to all the fraud in real estate and mortgages over assignable”. So in this case you may not be able to the past few years, this is becoming harder and harder assign with the traditional form. Here you might want to do. to have a simple partnership agreement to allow your But you want to wholesale properties what are some partner to go to closing. options. So what is the best way to use the assignment of real  Get someone to fund your transaction for 1 day, estate contract form? usually called transactional funding. This is an  Have a buyers database of ready, willing, and excellent way to go, although your funding source able buyers who are cash buyers and who can will want a chunk of your profits. close quickly and know exactly what they are  Get a Real Estate License and list the property looking for and how much they would pay for a and have your “commission” be your profit potential property.  You can currently still use the assignment of con-  Go out and find that property and get it under tract. contract for less than what your buyers in your database will pay. First what is an “Assignment of Real Estate Contract?” This is simply a form that states that you have a con-  Let your database know you have a deal for them tract with the original seller and you agree to sell your and you will assign it to them for some amount. interest in this contract to an end buyer for a fee. The  Fill out the assignment form with all the particu- end buyer agrees to pay your fee and take your place lars and have your end buyer from your database in the contract. go to closing in your place and they get a great You can assign all kinds of contracts be it a real estate property and you get your assignment fee. contract, a rental agreement, a lease agreement, the It is very important to have buyers in your database contract to mow your neighbor’s lawn, or any other that are known buyers, that do have the cash and the contract unless somewhere in the original contract it ability to close and you really need to know what con- states specifically that you cannot. stitutes a good deal for them. Then you go out and So while many of the gurus tell you to sign a real es- find that good deal for a little less so you can make a tate contract “And Or Assigns”, these words are not profit. Because if they don’t go to closing as agreed really necessary and can throw up a red flag if for ex- in the assignment, then you are still on the hook to ample you are writing an offer on a property that is purchase the property. listed by a real estate agent. You see while you plan MAREI members will find an example of an assign- on closing on the contract, even if your end buyer is ment of real estate contract both blank and filled out not in place, the real estate agent reads “And or As- in word form in the MAREI member library that you signs” to mean that “I don’t have any money” and “I can utilize for assignments. probably will not actually show up at closing”. So go Videos on YouTube ahead with the and or assigns after your name in the real estate contract if you must, but I would advise to http://youtu.be/FQzHhMZ9UcI leave that off and go with the concept that all contracts http://youtu.be/bhIquZ08juMPage 10 MAREInet.com
  • 11. accurate Accurate Closings: Smooth, Timely, Professional. Property ManagementTitle Services Provided for: Section 8 Housing FSBO, Wholesale, & REO Transactions New Construction Closings KC Metro Wide Commercial Purchases and Refinance All Types of Loan Closings 1031 Exchanges Jeff Woods FHA, VA, USDA, Conventional Loans, and Broker Hard Money Loan Closings Refinance & Reverse Mortgages ww.MyPremierLeasing.com Doc Prep, Prelim HUDS, Curing Issues Short Sale Closing & Assistance 816-849500 100 Years of Combined Service! www.AccurateTitleCo.com 913-338-0100 phone HOUSES WANTED  Built After 1950 Minimum 3 Bed, 1.5 Bath Eastern Jackson County Management Solutions MO or Johnson County KS to help your properties Retail Value $100k-$200k Operate Smoothly No Rental Increase Desirability Local Cash Buyer Looking for 2 to 4 Houses a month Enhance Investment Value to purchase, rehab and sell. Money Partners want their money placed quickly so they can turn their Attract & Retain Tenants money fast and make a profit. Can’t do that with Find us Online out houses! Bring us a deal! www.AbraxasMgmt.com Email: kcmoHomeBuyer@gmail.com 816-474-8800 Submit Online: kcmoHomeBuyer.com Investment News Page 15
  • 12. Coalition For Sensible Housing Policy The National As- tunities for at risk borrowers instead of allowing sociation of them to default on mortgages. Realtors  Have Fannie and Freddie prioritize short sales worked with over foreclosures. two policy  Support all necessary foreclosure/loss mitigation think tanks on efforts to keep American families in their homes. October 4th to create a Five #3 Open Opportunities for Private Capital to Re- Point Housing turn to the Mortgage Marketplace to Foster New Solutions plan Demand Among Responsible Homebuyers. that they sent to  Open the FHA 203(k) rehab loan program to in- the Chairman of vestors to encourage them to buy foreclosed the Federal Reserve properties and rehabilitate them. Currently for Bank, President Obama, owner occupants only. and Congress on October 24th. These letters provided  Require Government Sponsored Entities to sus- recommendations and solutions to stabilize and revi- pend investor financing limits on the number of talize the housing industry and the economy: loans allowed for one investor borrower. #1: Do not risk weakening our Nation’s housing #4 Support a Secondary Mortgage Market Model markets any further: that Includes Some Level of Government Partici-  Recraft the Qualified Residential Mortgage rule pation mandated by the Dodd-Frank Act to include a  Reject proposals that call for full privatization wide variety of traditionally safe, well documented of Fannie Mae and Freddie Mac. and property underwritten loan products. That requiring a 20% down payment along with the #5 Call on the White House to Hold a National stringent debt to income and credit standards Housing Summit to Articulate a New National would be detrimental to home buyers. Housing Policy and Move the Provision of Hous-  Restore higher loan limits supported by FHA and ing to the Front of the Nation’s Domestic Agenda other Government Sponsored Enterprises to sup- Their conclusion was that the recovery of the Na- port housing markets and to assure mortgage fi- tion’s economy depends on housing. The last few nancing options while stabilizing housing markets. years, with the housing prices barely moving, the  Resist proposals that call for changing tax rules economy will take longer. that apply to home owners such as taking away the mortgage interest tax deduction. We urge you to read all the recommendations on Realtor.org under the Government Affairs Tab as well #2 Restore Vitality to Our Communities and as reviewing the letters send to the Government Offi- Neighborhoods by Reducing the Foreclosure In- cials. Then take the time to write your representa- ventory tives and urge them in your own words to remember  Support, The Helping Responsible Homeowners that homeownership matters and that the recovery of Act that would remove refinancing limits on under- the housing markets will assist in the overall recovery water properties for borrowers who have been of the economy as a whole. paying on time. http://www.realtor.org/government_affairs/  Support efforts to improve the Home Affordable five_point_plan Refinance Program to provide refinancing oppor-Page 12 MAREInet.com
  • 13. Asset Protection TE-TEE LIGHT Insurance Agency ELECTRICAL SERVICES www.REOIns.com Keeping you “In-Powered” with Superior Electrical Service! 877-752-2742  FREE Estimates  FREE Consultations on Non-Emergency  24-hour Same Day Emergency Service Licensed, Insured, Bonded Serving Kansas & Missouri George Z. Bai, Sr. - Owner Office (816) 356-1870 Cell (816) 210-4710 TeTeeLight@gmail.com Real Estate Owned / Forced Placement For Investors & Finance Institutions Sell Vacant Houses Faster “Flexible rehab options and for more money! and purchase financing How? We transform vacant houses - often for qualified investors! seen by buyers as stale, lifeless, unappealing - Ann Wilkinson into fully-furnished, inviting, valued Show- Vice President homes. Now in our third decade of service to Mortgage Loan Production Homeowners and their Realtors, weve become 12501 Antioch Rd Americas premier home staging service coast- Overland Park, KS 66213 to-coast. Ph: (913) 402-1500 Fax: (913) 402-0673 Our professional home staging services can add AnnW@ArgentineFed.com thousands of dollars to your sale price -- and at the same time reduce the stress and expense of mar- www.ArgentineFed.com keting your property. ShowHomesKC.com Amanda Palomba 913-227-4364Investment News Page 19
  • 14. New Members Guests  David Alexander: Kansas City, MO Vernon Baker Kevin Massey  Sjef & Carol Bennink: Lee’s Summit, Mo Melinda Boeh Joy Neely  Jacquie Lombard: Shawnee, KS Steven Boyd Kim Shock  Toyia Murrell: Kansas City, MO Nicole Daney Dan Solenbarger  Randall Willbanks: Raytown, MO Cindy DiCianni Ed Sparks  Chris Zembrenski: Independence, MO Sara Granger Brad Turner Claude Harris Tamara West Jeff Hill Dustin Woods Returning Members Butch Lawrence Lori Wright Lessie Liggans  Christoph Becker: Overland Park, KS  Laura & JW Bullock: Lees Summit, MO  Charlie & Kathy Burks: Independence, MO  Carlos Jimenez: Santa Monica, CA  Marilyn Mai: Salina, KS  Tony Song: Overland Park, KS  Michael Stillfield: Levasy, MO  Bill Textor: Leawood, KS  Donna Wilson: Lee’s Summit, MOPage 14 MAREInet.com
  • 15. More Information . . . More Confidence Do the math. Your vacancy is costing you every day. Fill your vacancy faster and save money with Rentals.com! More Profits Tenant ScreeningDiscounts for MAREI Members: Pre Employment Screening Receive 20% off all Regular Contractor Screening Priced Advertising. Log into Collection Services Member’s Area, click on Member Discounts and look for MAREI’s Discounts for MAREI Members Discount code! www.AAAScreening.com 816-436-0085“Presentation is Everything!” Property Management Rental Services Canyon-Stone.com Kansas City Metro 550 E. 56 Highway, Suite B Olathe, KS, 66061 www.JamiesonHomeTeam.com Phone: (913) 254-9300 Kevin Jamieson Fax: (913) 254-9301 816-503-4671 info@canyon-stone.comInvestment News Page 21
  • 16. Nov 2nd Networking Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle Winberry Nov 2nd Networking Commercial Sub Group: 103rd 7 State Line 5:30 to 7:30 : Larry Prato / Spencer CullorCALENDAR Details, Times, Locations, Cost & Registration at www.MAREInet.com Nov 5th Nov 5th Training Networking CESKC.com Credit Scores - 1pm—4pm, 1 Credit PHP Financing, 3 Hrs Realtor CE Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Nov 6th Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff Nov 7th Deadline Deadline to Reserve a Vendor Table for Tuesday Meeting by Noon Nov 8th Monthly Monthly Meeting: Career Education Systems Meeting South East side of Ward Parkway 6pm-9pm Nov 8th Training CESKC.com Lawsuits - 6pm - 9 pm, 1 Credit Contract Law, 3 Hrs Realtor CE Nov 9th Networking Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle Winberry Nov 10th Training CESKC:com Lawsuits - 1-4pm, 1 Credit PHP Contract Law, 3 Hrs Realtor CE Nov 12 Networking Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Nov 13 Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff Nov 14 Education CESKC.com Credit Scores - 1-4pm, 1 Credit PHP Finance, 3 Hr Realtor CE Nov 16 Education CESKC.com Creating Wealth - 6pm to 9pm, 1 Credit Management PHP, 3 Hrs Realtor CE Nov 16 Education CESKC.com Short Sales & Foreclosures - 9 am—Noon, 1 Credit Negotiation PHP, Nov 16 Education Mid-America Crime FREE Housing Phase One Seminar Nov 16 Networking Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle WinberryPage 16 MAREInet.com
  • 17. Networking & Education Nov 16th Networking Commercial Sub Group: 103rd 7 State Line 5:30 to 7:30 : Larry Prato / Spencer Cullor Nov 19th Training CESKC.com Short Sales & Foreclosures - 9 Details, Times, Locations, Cost & Registration at www.MAREInet.com am—Noon, 1 Credit Negotiation PHP, Nov 19th Training CESKC.com Negotiating - 1-4pm, 1 Credit PHP Negotiation, 3 Hrs Realtor Contin. Ed Nov 19th Networking Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Nov 20th Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff Nov 24th Holiday Happy Thanksgiving Nov 30th Networking Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle Winberry Nov 30th Networking Commercial Sub Group: 103rd 7 State Line 5:30 to 7:30 : Larry Prato / Spencer Cullor Dec 14th Monthly Monthly Meeting: Career Education Systems South East side of Ward Parkway 6pm-9pm Meeting HOLIDAY SPEED NETWORKING OU! THANK Y Many thanks to our Volunteers who sponsor a Networking. If you need more networking and interaction, please check outLarry Prato Spencer Cullor the Networking Group on theCommercial Subgroup Commercial Subgroup Calendar. First Networking event is free and does not re- quire membership. After that if you want to continue as a part of the subgroup, we request that you become a member of MAREI to gain more knowledge and access all the tools and benefits of membershipDebra Felderhoff Michelle WinberryBS, LS, Indep Subgroup Weekly Wednesdays Investment News Page 23
  • 18. Classifieds Properties for Do you have properties for sale that other real estate investors might be interested in? We have a great tool for our members to utilize . . . . . . . . . . . . . . . . Our Classified Section. So why would you want to post your properties here?  On the public side of our page, visitors can find a button to see the properties for sale from our members.   We publish the properties listed in our classifieds in our monthly newsletter.  We also email out our properties in our weekly summary over the week end. What are the Rules:  First you must either own the property, have it under a valid contract to purchase, or have a valid listing agreement.  Include your name, phone, and if this is a Realtor Listing, your company name.  Include the property address, basic details, and a price. Log into the Member Area and click on classifieds to access the area and to post your own ads. See your welcome package you received via email to see complete details for posting properties in the classified section.Page 18 MAREInet.com
  • 19. CLASSIFIEDS See more details on each property in the Classifieds at www.MAREInet.com.Offered As Address City Price Bed/Bath Contact PhoneRehab 8341 Walmer Overland Park, KS 65,000 3 / 1.5 Bilal Hazziez 816-686-4805Lease Option Park Hills Grandview, MO 3/ 2 Jacquie Lombard 816-518-1028Rental 7913 Park Ave Kansas City, MO 38,900 2 / 1.5 Ray Eaton 816-853-3169 30,000 PossRental Fixer 1634 Kensintgon Kansas City, MO Owner Fin 3 / 1 Stephen Summers 816-350-7200 $30,000 PossRental Fixer 315 S White Kansas City, MO Trade 4/2 Stephen Summers 816-350-7200 $21,600 PossRental Fixer 2419 Mersington Kansas City, MO Owner Fin 2 / 1 Stephen Summers 816-350-7200 $35,000 PossRental Fixer 5620 Michigan Kansas City, Mo Owner Fin 3/ 1 Stephen Summers 816-350-7200Short Sale 5434 E 27th Tr Kansas City, MO $9,000 Eric Deeter 913-579-3354Short Sale 2508 Chelsea Kansas City, MO $9,000 3 bd Eric Deeter 913-579-3354Short Sale 6007 E 11th $9,000 3 Bed Eric Deeter 913-579-3354 Kevin JamisonRental 3235 Lockridge Kansas City, MO $14.700 3 Bed Reece & Nichols 816-686-2955Rental 5006 Euclid Kansas City, Mo $14,500 Christoph Becker 816-419-1165Rental 2427 Spruce Kansas City, Mo $13,500 Christoph Becker 816-419-1165Rental Olathe, KS $99,900 3 bed, 1 ba Rick Zeitun 913-461-8560Rehab Johnson County $79,900 Rick Zeitun 913-461-8560Rehab / Rent 6618 Paseo Kansas City, Mo $17,000 Christoph Becker 816-419-1165Rehab / Rent 3434 Olive Kansas City, Mo $7,995 4 bed, 2 ba Christoph Becker 816-419-1165 Investment News Page 25
  • 20. CONTROL GROW YOUR BUSINESSYOUR WORLD. MAREI ASSOCIATES & CLASSIFIEDS Potential clients visit MAREInet.com every day looking for contacts and properties in the Kansas City Real Estate Arena. Make sure your business is there to be found.JOIN OURS. BUILD YOUR NETWORKJOIN MAREI. A TEAM SPORT Real Estate investing is a team sport and you can build a new team, draft new players, or just get some consulting with our network of investors and service pro- viders at meetings, online, and at net- working events.www.MAREInet.com/JOINMonthly & Quarterly & Annual Memberships EXPAND YOUR KNOWLEDGEInvestor and Business Memberships TRAINING MAREI hosts live and online training events, has a virtual library packed with educational materials and forms an docu- ments. SAVE MONEY BENEFITS MAREI has partnered with the top compa- nies in the industry to bring $1000s in money saving benefits.