The monthly newsletter for Mid-America Association of Real Estate Investors. Offering Networking and Education for area Real Estate Investors. Find us online at www.MAREInet.com.
1. MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS
Investment News NETWORKING : EDUCATION : COMMUNITY
Read Online www.MAREInet.com/Newsletter April 2012
EPA’s RRP Regulations
Are you in Compliance?
Page 8
Hiring a Contractor
10 Questions to Ask!
Page 12
Why are Some People Successful
And others Are Not?
Page 14
Wealth Building Weekend &
7 Secrets to Real Estate!
Page 22
Pa
ge
10
2. CONTENTS
In this Issue of the
Investment News
Page 3 Page10 Page 16 Page 18
Business Members Benefits at a Glance Private Money Exchange Calendar of Events
Build your team with our Save with Discounts New Concept in Funding Schedule Now
Service Providers & In- and Network Marketing.
dustry Partners Page 20
MAREI Web Tips
Page 6 Logging IN
Directors Notes
Whirlwind of Training Page 21
For Sale
Member Properties
Page 22
7 Secrets of Real Estate
From Dave Lindahl
Page 24
Weekend Wealth Event
Page 12
Hiring a Contractor
What to Ask Before you
Page 8 Hire. From Larry Goins
Lead Laws
Are you Compliant? Not Page 14 . . . Just
just for Contractors. Success
Why some don’t have it.
Page 8
April Meeting
From Bob Diamond Do It!
Bring Your Contractor. Page 15
MAREInet.com/Free- Welcome
Guest-Pass.com New & Returning Members
offline
Page 2 MAREInet.com
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
www.MAREInet.com/Services .
Investment News Page 3
4. MAREI
Newsletter Information
Contact Information
Join in the PO Box 8685, Prairie Village KS, 66208
Phone: 913-815-0111
Conversation 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.
Member Forums
http://mareinet.com/forum/ 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
Social Media own counsel, accountant and other advisors as to legal, tax, economic, investment and related
matters concerning real estate and other investments.
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Kansas City Real Estate by MAREI
The views and opinions expressed by authors of articles contributed to this newsletter do not neces-
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lage, KS 66208 or request an online payment for to use credit or debit card.
Page 4 MAREInet.com
5. MAREI STAFF
Kim Tucker 816-523-4400
& Volunteers
Director
Kim@MAREInet.com
Scott Tucker
Don Tucker 816-523-4400 John Welchert
Meeting Ambassador
President Meeting Ambassador
STucker319@gmail.com
Don@MAREInet.com 816-522-0002
Steve Burns Dan Goodwin 913-642-5218 Shelda Goodwin
Audio Visual Meeting Ambassador Meeting Ambassador
cashflowtreasures@gmail.com DanGoodwin@kw.com SheldaGoodwin@kw.com
L. Scott Ficinus, SFR, WHS Debra Felderhoff Michelle Winberry
Meeting Ambassador BS, LS, Indep Subgroup Weekly Wednesdays
Scott@Ficinus.com
Investment News Page 5
6. Direc tor’s
for A pril
N otes
What a whirlwind spring here in Kansas City, not only do knowledge beyond just Apartment Houses and Com-
we have unseasonably warm weather we have had had mercial Investing. Bob Diamond who usually teaches
the real estate training market heating up. Here at the about foreclosures and loan modifications will be there
MAREI offices we have had trainers calling and calling for part of the day on Saturday and some time on Sun-
and calling wanting to come and see us here in Kansas day. I don’t believe we have been fortunate enough to
City! have Bob in Kansas City before, so this is sure to be
educational. From Dave’s own training family we will
We don’t want our members to miss out on any great
have Chris Bowser who has an alternative way of mak-
training information or the opportunity when the training
ing money. When I saw him a few years ago it seemed
will come to us rather than us going to the training. So
to be a way to buy low and sell high on anything using
we have tried to accommodate everyone who wanted to
Ebay . . . You might call it Ebay Wholesaling. Round-
come in.
ing out the Weekend will be Larry Goins who is always
We invited Eddie Speed to our own training event in well liked when he comes to Kansas City. He is the
March and he is coming back in April for a 3 day boot- original technology guy in real estate wholesaling and I
camp on Seller Financed Notes. He is not necessarily have pulled out his training course on more than one
selling seats to this even, but if you already hold tickets occasion to review an idea or two.
you might have purchased when he was here in 2010 or
What is going to make this week end event truly unique
if you want to go, please let me know! I bet I can get you
is that it will be simulcast. So if you want to attend, but
a great deal.
can’t make it to Kansas City, you can still sign up and
I know that Kent Clothier was at KCIG last month with his attend where ever you have an internet connection.
Wholesale Real Estate Training and the Flip This House We also have special pricing and a bunch of bonuses
Team has been in KS and MO for almost all of March that go with it. So please see page 23 for more info
ending in a 3 day training this past week end. and watch the MAREI blog for articles and videos from
Now coming up in May we are going to have one more these guys so you can get to know them a little bit bet-
round of training from David Lindahl and his team. They ter.
will be in town on May 5th and 6th teaching two full days Last, we have also been introduced to a new funding
at the Overland Park Sheraton by the Convention Center. source that we have written about on page 16 & 17.
This even will include David Lindahl teaching Apartment We are still checking them out, but their concept looks
House and Commercial Investing for most o the day on very interesting and we wanted to let our members
Saturday. I have personally attended one of Dave’s check it out for themselves. They may have a funding
Apartment House 4 Day Bootcamp Training and I can tell solution that will work for you.
you he knows his stuff and does an excellent job of ex-
See you at the April Meeting, my husband Don & I are
plaining. When ever I have a multi family deal analysis
the ones who were audited by the EPA and requested
question, I am usually pulling out one of his course books
they come and speak!
as reference.
Kim
Dave is also bringing 3 or 4 friends to broaden your
Page 6 MAREInet.com
7. Asset Protection
Insurance Agency
www.REOIns.com
On Demand Training
877-752-2742 30 Minute Segments
Top Investor Trainers
From the Comfort of
Your own Internet Connection
$39.00 Training Courses
REO & Lease Option
Creative Financing
Automated Investments
Auctions & Foreclosures
Short Sales
Real Estate Owned / Forced Placement Government Grant Money
For Investors & Finance Institutions
www.MAREIU.com
HOUSES WANTED
Built After 1950
Minimum 3 Bed, 1.5 Bath
Eastern Jackson County
MO or Johnson County KS
Property Management
Retail Value $100k-$200k
Rental Services No Rental
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month to purchase, rehab and sell. Money Part-
ners want their money placed quickly so they can
turn their money fast and make a profit. Can’t do
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that with out houses! Bring us a deal!
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Email: kcmoHomeBuyer@gmail.com
816-503-4671
Submit Online: kcmoHomeBuyer.com
Investment News Page 7
8. LEAD LAWS
NOT IN COMPLIANCE
IT COULD COST YOU!
Think lead paint doesn’t affect your business? new rule: protecting people’s health, espe-
Think again. cially children.
A 2010 rule by the Environmental Protection “Childhood lead poisoning is a preventable
Agency (EPA) mandates that all renovation and disease, and our goal is to eliminate it,” said
repair contractors working in pre-1978 homes, Steve Owens.
schools, and day care centers who disrupt more
than six square feet of lead paint are required Many contractors think the issue of lead paint
to become EPA Certified in lead-safe work prac- poisoning went away years ago, or that they
tices. Contractors are required to take a one- are doing all that needs to be done to avoid it.
day training course and firms must send a short But lead paint poisoning isn’t just about eat-
application to the EPA. If not, they could face ing paint chips, and even contractors who
tens of thousands of dollars in fines in the fu- think they are doing a good job may not be
ture. working in a lead-safe manner. In fact, new
Steve Owens, Assistant Administrator of the research shows that contractors like plumb-
Office of Chemical Safety and Pollution Preven- ers, electricians, painters and window replace-
tion, at the U.S. Environmental Protection ment experts can inadvertently expose chil-
dren to harmful levels of lead from invisible
Agency, said there is a simple reason for the
Don’t miss this event!
Monthly Meeting
April Monthly Meeting: Agenda More info and Registration
Tuesday Arpil 10th, 2012, 6pm 5:00 set up http://www.MAREInet.com/April
to 9pm 5:30 no-pre meeting
Career Education Systems, 6:00 check in
FREE for members, Guests 6:00 vendor hall
$25 at the door, $15 if you pre-
register 6:30 new member orientation
EPA Lead RRP: Are you in 7:00 mini speed networking
Cpmpliance 7:15 Tom Brick: EPA Representa-
tive
Page 8 MAREInet.com
9. dust disturbed during jobs they homes, apartments, schools, their employees, and especially
perform every day. day care centers and other for the children who spend time
places where children spend near spaces that are being
“The greatest risk is for young
time, from large and small con- renovated,” said Owens.
children living in homes during
tractors to building services
renovations,” said Owens. “One Steve Owens says that the EPA
professionals, will have to take
study found they were 30% is mindful of the small added
the necessary steps to become
more likely to have unsafe lev- costs that may result from
lead-safe certified. Firms must
els of lead in their blood than complying with this important
register with the EPA and pay a
kids in homes where renova- rule. To that end, he said the
fee. Individuals must take a
tions were not occurring. So it’s EPA is launching a consumer
one-day training course from
very important that contractors campaign designed to raise
an EPA-accredited training pro-
learn how to work lead-safe awareness of the dangers of
vider to become a certified
and that families hire lead-safe lead paint poisoning, and en-
renovator. Renovator training is
certified contractors.” courage consumers to choose
also available via e-learning.
only contractors who are Lead-
A pregnant woman exposed to This option allows trainers to
Safe Certified.
lead can transfer lead to her provide much of the course
fetus. The irreversible damages content online, making it more For additional information
of lead poisoning can lead to a convenient for many renova- including how your firm can
range of effects from memory tors. EPA certification is good get Lead-Safe Certified and
loss and diminished motor skills for five years. where to find an EPA-
to behavioral and learning dis- accredited trainer in your
“Getting lead-safe certified is it
abilities. area, visit epa.gov/
the right thing to do for con-
getleadsafe or call 800-424-
Those who work on pre-1978 tractors, their customers, and
FIRST 100 Attendees RESOURCES
Receive a FREE EPA.gov/Lead
In MAREI Resources
COMPLIANCE ASSISTANCE Online
PACKET Look in the Library
Section for Lead
From the EPA
Investment News Page 9
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.
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FORMS & DOCS All members receive a discount card
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Market your rentals on the nations top
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is 20% off Regular Prices. tools and savings including discounts News & Information
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E-Update
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Our weekly email update with what’s
happening in real estate including
properties for sale, government af-
Discounts of products through Sears fairs and local market data.
Save on select FedEx Office copy and Commercial plus 5% off Gift Cards.
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The newsletter for Mid-America Asso-
Membership ciation of Real Estate Investors: pub-
lished monthly and distributed both in
print at our meetings and digitally to our
Receive discounts up to 65% on over database of over 5000 people.
12,000 products you use the most
online and in store.
FREE membership in Community Buy-
ing Group for all MAREI members to Continued . . . .
bring you even more great discounts.
Page 10 MAREInet.com
11. Member Service
We have several services as part
of our website to help you grow
Magazine for the real estate investor. your business.
With discount subscriptions for MAREI
members.
MAREI’s Government Affairs ac-
Other Discounts tively monitors national legisla-
tion and rule-making that im-
pacts the real estate industry and
harnessing the strength of MAREI
members at the grassroots level.
Calendar of Events to stay up to
date with all of our activities. MAREI mem-
bers also re-
ceive timely
Calls to Action
Nearly 70% of QuickBooks users say when there is a
that it makes their business more prof- time for our
itable. Get your Accounting on track. members to
Buy at a 40% discount through Na- take action on an important vote.
tional REIA.
Browse the member properties to Members also
find your next deal. Take the
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The nation’s largest provider of portunities for other members in Market
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sions of entire books, EBooks,
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members at Avis, Budget, and
Enterprise Rentals. Discounts
Investment News Page 11
12. RENOVATION
What to Ask a Potential Contractor.
Larry Goins
1. Are you licensed? Most states require contractors, even tract conscientious contractors interested in bettering the indus-
sub-contractors to be licensed. Make sure your contractor is try and in weeding out unprofessional contractors. In order to
properly licensed. Anyone can say they are licensed. Make the become a member, the contractor’s background and references
contractor prove it by either showing you the license or giving are thoroughly investigated.
you a copy of it. Remember to check the expiration date. Be- 6. Will you pull all the required building permits? Make sure
ing licensed is the law. If a contractor cannot produce a valid your contractor pulls all required permits. This is very impor-
license, DO NOT HIRE HIM! You can check the contractor’s tant. When a contractor pulls the required building permits, you
current licensing status with your states Secretary of State. know things will be done to “code.” Also, many homeowners
2. Do you carry general liability insurance? Make sure insurance policies require pulling a permit on any major remod-
your contractor carries general liability insurance. This type of eling to keep your home properly covered. Not all contractors
insurance protects your property in case of damage caused by will do this. Many prefer not to pull permits because of the time
the contractor and/or his employees. The insurance company involved and the “hassle” with the inspectors. Some contractors
will pay for the cost of replacing, and/or repairing any damage may ask you to get the permits. This could be a warning sign
that occurs. Anyone can say they are insured. Make the con- that they are not able to pull the permit because they are either
tractor prove it by having a certificate of insurance. unlicensed or the work is outside of their license. A reputable
3. Do you carry workers’ compensation insurance? Make contractor will permit every job where a permit is required.
sure your contractor carries workers’ compensation insur- 7. Do you guarantee your work? Your contractor should
ance. It protects you from liability if a worker is injured while guarantee his work for at least one year from date of comple-
on your property. Be aware that if the contractor does not tion. They should also include any warranties from the material
carry workers’ compensation coverage, you may be liable for used if applicable.
any injuries suffered by the contractor, or any of his employees 8. Who will be in charge of the job? Make sure the contractor
on your property. or his foreman is on the job whenever work is being performed-
If the contractor is a one-man operation, he can be exempt especially if sub-contractors will be used. The responsible party
from having to carry workers’ compensation insurance. If he is must be familiar with every aspect of your project. You cannot
doing so legally, he can provide you with a copy of his Con- be worried about what is going on when you are not there.
struction Industry Certificate of Exemption from Workers’ Com- 9. Will you provide me with written references? A good con-
pensation. This is very risky for you though. If he shows up tractor will be happy to provide you with references. You should
with a helper and the helper gets hurt, with no workers’ com- look for a well-established contractor who can give you several
pensation insurance, you may have to pay the medical bills. If customer references from the last 6 months to one year. Ask
the uninsured contractor is sloppy about verifying his sub- for the name of the contractor’s accountant or banker. You
contractor’s workers’ compensation insurance and the sub- want to ensure the contractor is financially sound and will not be
contractor gets hurt, again you may have to pay the medical declaring bankruptcy in the middle of your project.
bills. In short, it is much safer to deal with a fully insured con-
tractor. 10. How do you handle “dirty work”? Construction is dusty
and dirty! It gets everywhere, especially if any sanding is being
4. Do you offer Financing? Many Contractors are lender- done. Make sure the contractor will make an honest effort to
approved contractors. They have been approved and investi- keep the dust contained, or notify you when the heavy dust gen-
gated by lenders as being financially sound, maintaining satis- erating operations will take place so you can place sheets over
factory relationships with suppliers, satisfactory credit and no furniture or move sensitive belongings. Make sure the contrac-
outstanding complaints at the Better Business Bureau. tor agrees to sweep up and place all construction debris in a
5. Are you a member of NARI or NAHB? NARI stands for predetermined place or refuse container at the end of every
the National Association of the Remodeling Industry and day.
NAHB stands for the National Association of Home Build- See Larry at the Wealth Building Weekend in on May 5th & 6th
ers. It’s always a good idea to consider hiring a NARI or and watch the MAREI blog for more education posts from Larry!
NAHB contractor. In most cases, both organizations only at-
Page 12 MAREInet.com
13. Property Management
Section 8 Housing
“Presentation is Everything!”
KC Metro Wide
Canyon-Stone.com
Jeff Woods 550 E. 56 Highway, Suite B
Olathe, KS, 66061
Broker
www.MyPremierLeasing.com Phone: (913) 254-9300
816-849500 Fax: (913) 254-9301
info@canyon-stone.com
www.Canyon-Stone.com
Be sure to
Join Now
(Or Renew)
Sell Vacant Houses Faster
Go online at
and for more money!
How? We transform vacant houses - often For everyone that joins now or at the meeting
seen by buyers as stale, lifeless, unappealing - on Tuesday we have several free giveaway
into fully-furnished, inviting, valued Show- items for you to choose from:
homes. Now in our third decade of service to
Homeowners and their Realtors, we've become Buying Real Estate without Cash or Credit
America's premier home staging service coast-
to-coast. (Peter Conti & David Finkel)
Our professional home staging services can add How to Create Multiple Streams of Income
thousands of dollars to your sale price -- and at the
same time reduce the stress and expense of mar- Buying Homes In Nice Areas with Nothing Down
keting your property.
(Peter Conti & David Finkel
Buy Even Lower,
ShowHomesKC.com
The Regular People’s Guide to Real Estate Riches
Amanda Palomba
913-227-4364 (Scott Frank & Andy Heller)
Investment News Page 13
14. SUCCESS
What Makes Some Successful?
From Article by Bob Diamond
I was speaking with one of my successful students last under my tutelage.
night. He and I were talking about success and how it
is achieved. He and I met two years ago at one of my 2. Next winners let nothing stop them from reaching
conferences. At the time he was a residential rehab their goal. They go over, under or around every
contractor. He and his brother came to my class to obstacle that life puts in the way…in the case of the
learn how to invest in real estate. two brothers their obstacles were lack of money,
spousal resistance, inertia (they each moved from
So the natural question is why are the two brothers another state to do this project), and fear. Like true
finding incredible success while others struggle? winners the brothers did not get “stuck” at any ob-
Is it their upbringing? Intelligence? A trust fund? An ivy stacle. They treated each obstacle as a thing to be
league degree? gotten around, under or over, not a dead end. For
example they ran out of money after the first 22
I know these guys pretty well and am convinced it is not houses were bought for cash and rehabbed. They
their upbringing, intelligence or a trust fund. And neither called their “expert” (me) and following my advice
one went to an ivy league school. The brothers had a they are now in line for a bank line of credit in the
very difficult upbringing. It was so bad that as adoles- amount of $500,000 as a “starter” loan. In a market
cents they ran away from home and lived in the woods where many think it is “impossible” to get bank fi-
rather than deal with their parents. They are of aver- nancing. It is impossible if you do not know where
age IQ-type intelligence, they are not independently to go or who to talk to or what to say…but that is
wealthy nor do they have a trust fund. They eat too what mentors are for and the two brothers have me.
much and weigh too much. Looking at them from the
outside they are two very normal “average” guys who 3. Next, winners act. They did not try to “know eve-
enjoy sports, dirty jokes, eat too much, and suffer the rything before they do anything” because that sim-
normal daily frustrations of life that all of us do. Yet ply does not work. You will never know how to
they are very successful already and on their way to dance before you step out onto the floor and start
income and wealth that is many thousands of times dancing. You will make mistakes and step on many
what “average” Americans achieve. a partner’s toe but eventually you will look like a
Prince or Princess on the dance floor and everyone
So what is the secret to their success and why are so
will want to dance with you and know how you do it.
many others failing?
Winners simply deal with issues as they came
After coaching and observing many millionaires and up. They do not let fear of potential issues stop
many penniless people, there is a pattern to what they them from starting out. In the brothers situation
do. It is a few simple things that set the successful they had no idea how they would get their starter
people apart. It has to do with what successful people money, if they would find enough houses, what the
DO and how they THINK. It is not magic and anyone exact renovations would entail and what their exact
can do it. In fact a loser can transform him or herself rents would be. But they learned from people who
quickly into a winner by changing his or her thought were “in the know” because they were doing it and
process and actions. then took action…now look where they are!
So here is the magic formula for success. 4. Finally, the winners in the game of life set a goal
1. First winners make up their minds to pursue their then relentlessly pursue it until it comes to frui-
dream and then they take action by learning from tion. Winners commit 100% and they do not give
someone who knows how to do what they want to up. If winners are missing a resource they find it. If
do. In the brothers case they learned from me and they need help they ask for it. When winners are
two other students who were doing that same project stymied they do not throw a tantrum nor do they
give up. Instead they figure out a solution.
Page 16 MAREInet.com
15. New Members Renewing
► Chad Amble: Carnation, WA ► Robert Beeks: Overland Park, KS
► Bob Badgley: Overland Park, KS ►
► Eric Buchmann: Kansas City, MO ► Jeffrey Bonner & Nan Li: St Joseph, MO
► Loretta Chudy: Overland Park, KS ► Tom & Cyndy Buckley: Baldwin City, KS
► Jonathan Gonzalez & Rosa Vega- ► Jennifer Crouch: Overland Park, KS
Gonzalez: Kansas City, MO ► Steve Gray: Miltonvale, KS
► Stan Haynes: Overland Park, KS ► David Klein: Kansas City, KS
► Kevin Horton: Mission, KS ► Dick & Sharon Klein: Kansas City, KS
► Richard McCollester: Kansas City, MO ► Joyce Myers: Kansas City, MO
► Tom Novacek: Grandview, MO ► David Nachman: Kansas City, MO
► Bob Redmon: Kansas City, KS ► Jerry Porterfield: Lone Jack, MO
► Chris Saxton: Grandview, MO ► Don Sanders: Belton, MO
► William Simons: Lee’s Summit, MO ► Kathleen Stegman: Leawood, KS
► Warren Smalley: Kansas City, MO ► Gary & Mary Kay Swaney: King City, MO
► Brent Voepel: Kansas City, MO ► Kenny Wyatt: Lee’s Summit, MO
If you are looking for success here is what you need to do forward.
NOW:
5. When you are stuck ask yourself “what is the solution to
1. Set a goal you are passionate about – whether it is finan- this problem? Who can help me solve it? Who knows the
cial success, relationship success, or becoming a great answer or who has the resources I need? That will set
tennis player. your mind off to find answers. Never berate yourself or
think in the negative. If you go to the negative your mind
2. Find proven experts who are successfully doing what it is will come back with reasons that you cannot do it rather
you want to do and pay them to help you and to mentor
than answers.
you.
Most important of all – GET STARTED TODAY!!
3. Pursue your dream with dogged determination. When
you run into an obstacle get your mentor (paid expert) to
give you advice and help then take action to get around, Remember Bob Diamond will be one of the guest speakers at
under or over that obstacle. the Wealth Building Weekend on May 5th & 6th. Please
watch the MAREI blog through out the month of May for more
4. When you are frustrated or tired refer to your dream to informational post from Bob.
inspire you and give you the boost you need to continue
Investment News Page 15
16. FUNDING
Have a Deal . . . Get the Funds.
Have the Funds . . . Invest Them.
In reading the current issue of Personal Real Es- So you have basically an insurance policy that
tate Investor Magazine this past month we ran they will buy the loan back if there are issues or
across a feature article about a company that is because you should be lending on property at a
offering a very timely solution. decent equity position, you may want to proceed
with taking back the property.
Many Real Estate Investors are looking for fund-
ing for their real estate investment deals. Yet Next they are set up as an affiliate networking
conventional bank lending is hard to qualify for marketing company. So say you are a whole-
and renovation lending and hard money lending sale seller and want to offer this lending service
companies have almost all stopped lending, yet to your buyers, you can earn a fee. If you are a
there are so many opportunities if one just had Realtor selling REO properties, you can offer the
the funds . . . This company offers funding service to your buyers and earn a fee. Or if you
sources. are a real estate trainer, you could offer this
company to your students and earn a fee.
Many investors have funds to invest, but don’t
know where to put their funds. They want safe, We are still going through all the training on this
reliable investments, like the concept of investing company to learn more about how it works and
in real estate, but do not have the time or some- we have signed up as a lender, just to see how
times the expertise to find the best deals . . . This it works and have received a submission from a
company offers real estate investment deals. borrower who is looking at funding to review.
Their concept is to be the go to place where in- The company is Private Money Exchange and
vestors can submit their real estate investment the marketing arm is PMB International - see
deals with a complete application that requires all ad on Next Page. Please note we are still
the important information that a lender would checking this out and working to get feedback
need to make an informed decision. They are from people who have either lent money through
also the place where the individual with money to them or borrowed money through them. If you
lend can register with their funds available and have feedback, please email us at
contact information. They then review requests info@MAREInet.com.
for funds, make sure all their details and numbers
We could spend 3 or 4 months checking them
work and then they match them up with potential
out to make sure they are all that they say they
lenders for their review.
are or we can share them with you with this dis-
So borrowers can borrow the money they need to claimer, that we are still checking them out. Be-
do deals and lenders can lend money and make cause so many members are looking for funding
a return on their investment. The company for deals, and from what I can tell, it does not
makes their money as a part of the loan fees. cost anything to at least shop your loan with
their company, we wanted to go ahead and get
The next concept that really sounded interesting
this out to you. Please check them out and
and I may not have the details exactly correct . . .
make your own decisions for yourself.
Basically every lender can submit a portion of
their fees to fund and register in advance for the Again if you do have feedback, please let us
company to buy back the loan if it goes bad. know so we can share it with the group.
Page 18 MAREInet.com
17. Visit
www.MAREInet.com/PMB
Or email
info@MAREInet.com
Investment News Page 19
18. CALENDAR OF EVENTS
Locations, Costs & Registration
At www.MAREInet.com/Calendar
Saturday, April 7th Wednesday, April 18th
4:00pm SubGroup: Blue Springs / Inde- 9:00am Sub-Group: Weekly Wednesdays
pendence Real Estate Investors
Friday, Saturday, Sunday, April 20th
Sunday, April 8th
To April 22nd—Eddie Speed Boot Camp in
9:00am: Sub-Group: Lees Summit Real Es- Kansas City on Seller Financing
tate Investors
Saturday, April 21st
Monday, April 9th
8:30am All Day Alternative Financing
5:00pm Deadline to Reserve Vendor Table Workshop, Career Education Systems
for Tuesday’s Meeting
Sunday, April 22nd
Tuesday, April 10th
9:00am Sub-Group: Lees Summit Real Es-
Monthly Meeting Career Education Systems, tate Investors
Ward Pkwy Shopping Center Wednesday, April 25th
5:30pm Pre-Meeting—How to post properties 9:00am Sub-Group: Weekly Wednesdays
on the MAREI Website
Saturday, April 28th
6:00pm Monthly Vendor Hall / Networking
4:00pm Sub-Group: Blue Springs / Inde-
6:30pm New Member Orientation
pendence Real Estate Investors
7:00pm Speed Networking
Sunday, April 29th
7:15pm Presentation
9:00am Sub-Group: Lees Summit Real
Wednesday, April 11th Estate Investors
9:00am Sub-Group: Weekly Wednesdays Wednesday, May 2nd
Saturday, April 14th 9:00am Sub-Group: Weekly Wednesdays
4:00pm SubGroup: Blue Springs / Inde- Saturday & Sunday May 5th & 6th
pendence Real Estate Investors
Weekend Wealth Building Event with David
Sunday, April 15th Lindahl, Larry Goins, Bob Diamond, and
Chris Bowser—Overland Park Sheraton at
9:00am Sub-Group: Lees Summit Real Es-
the Convention Center
tate Investors
Page 18 MAREInet.com
19. Wireless Security Systems
Keypad, 3 doors, 1 motion,
1 primary & 1 door siren
One time Charge of $99 plus tax
Includes installation
Requires 36 month contract.
Monthly Monitoring Fee $39.99
Management Solutions
Sell house
transfer to new owner to help your properties
or move to new house
Operate Smoothly
DevconSecurity.com Increase Desirability
Marian Collins: 913-907-4942 Enhance Investment Value
Attract & Retain Tenants
Find us Online
www.AbraxasMgmt.com
816-474-8800
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accurate
In this market, you want an agent on your
Accurate Closings: side that has the knowledge, the ability,
Smooth, Timely, Professional. the EXPERIENCE,
Title Services Provided for:
FSBO, Wholesale, & REO Transactions
New Construction Closings
Commercial Purchases and Refinance
All Types of Loan Closings
1031 Exchanges
FHA, VA, USDA, Conventional Loans, and
Hard Money Loan Closings
Refinance & Reverse Mortgages
Doc Prep, Prelim HUDS, Curing Issues
Short Sale Closing & Assistance
Realty Resource
100 Years of Combined Service!
115 E Gregory, KCMO
www.AccurateTitleCo.com 816-523-4400
913-338-0100 phone
www.RealtyResourceKC.com
Investment News Page 23
20. FOR MEMBERS
Using the Member Website
Have you Logged In?
You may or may not have noticed that we 4. You should now be logged in.
have a brand new website. It is a work in
You may receive an error message if you
progress with more changes coming.
have the wrong user name and password.
We have had quite a few questions from When we transferred you from the old
people trying to access different pages and system to the new one, we kept the same
getting the following message: username and password. You can use the
Lost Password button to reset your pass-
“Sorry, but you do not have per-
word or you can email us at
mission to view this member’s only
info@MAREInet.com and we will send you
content. Please use log in at the
your log in info.
bottom of the page to log in. Not
If you have not yet joined or if you need
yet a member, please click on the
to renew, click the Join Now at the top of
Join Today at the top right to join
the page.
now! “
Once logged in you can view member’s
All of our pages are either set up so that
only pages and access the “dashboard.”
anyone in the general public can view
them or they are designated as “members Help Page: MAREInet.com/Help-Page
only” pages. To access these members If you have
only pages you must be logged in. If you specific ques-
are not logged in, you will receive the tions you need
above message. help with, be
So let’s get you logged in: sure to come
early to the
1. Access our website by going to http://
monthly meet-
www.MAREInet.com
ing for our 5:30
2. Scroll down to the bottom right hand pre-meeting.
corner for a box that looks like the one
to the right ———->
3. Fill in your Username & Password and if
you want these remembered, check
the box and then click Log In.
Page 20 MAREInet.com
21. INVESTMENT OPPORTUNITY
Member Properties
See More MAREInet.com/Properties
3305 Bellefontaine $16,000 3 bed Large 3 bdrm, 2 ba, 2 Christoph Becker
2 Bath kitchens, decorative Blueprint Properties
Kansas City, MO fireplace & central heat. 816–419–1165
Fresh Paint & Carpet. BlueprintPropertySolu-
Off Street parking. tions.com
1532 E 51st St $22,000 3 Bed Christoph Becker
1 Bath 3bdrm near UMKC and Blueprint Properties
Kansas City, Mo Rockhurst! 816–419–1165
WHOLESALE PRICE In- BlueprintPropertySolu-
vestment Property tions.com
9214 Manchester $81,700 3 Bed Totally remodeled three Joe Clark
1 Bath bedroom ranch. Home Reece & Nichols
Kansas City, MO features all new kitchen 913-384-8331
including appliances, JamiesonHom-
eTeam.com
5173 Palmer $12,500 3 Bedroom This home has tons of Bilal Hazziez
equity . Similar updated 816–237–8696
Kansas City, MO homes sell in the BargainHousesKansas-
neighborhood ARV City.com
$50'sK
10112 W 83rd St $144,900 5 Bedroom Updated, Move in Don & Scott Tucker
2 1/2 Bath Ready. For your Owner Realty Resource
Raytown, MO $3k closing Occupant Buyers Owner / Agent
costs 816-523-4400
RealtyResourceKC.com
3516 Bales Ave $27,000 3 Bedroom Completely Rehabbed Christoph Becker
Turn Key Kansas City In- Blueprint Properties
Kansas City, Mo vestment Property offering 816–419–1165
a proposed NET ROI of BlueprintPropertySolu-
26% tions.com
3680 SW Kimstin $174,900 4 Bedroom Updated & Move in Don & Scott Tucker
Cir Ready for your Owner Realty Resource
2 1/2 Bath Occupant Buyers Owner / Agent
Blue Springs, MO 816-523-4400
RealtyResourceKC.com
5038 Bellefontaine $9,500 Needs TLC, Good Christoph Becker
Kitchen Blueprint Properties
Kansas City, MO 816–419–1165
BlueprintPropertySolu-
tions.com
Investment News Page 25
22. MULTI-FAMILY
Seven Secrets to Real Estate
From David Lindahl
Did you know you are sitting in one of the prime areas of checks!!
the country for creating wealth in Multi-Family and Com- Using this strategy I created a $9,700 per month cash
mercial Real Estate? More wealth will be created in the flow coming into my one bedroom apartment in just over
Kansas area in the next two years than the next eleven twelve months! That made a huge difference in my life…
years combined. imagine what that would do to your life!
How do I know this? My name is David Lindahl and I Secret #3: After a few years, I discovered the third se-
wrote the book on real estate market cycles…literally. It’s cret of real estate…the bigger the property, the easier
called “Emerging Real Estate Markets” and it’s sat in the the deal and the more money you make! This might
number one best seller list for quite a while. sound crazy but it’s true. The people you deal with on
I’ve been a real estate investor for the last 17 bigger properties are much more professional be-
years and now own over 7,000 units across this great cause they are making so much more money.
country of ours. Like many real estate investors, I didn’t This is because everyone gets paid based on the size
start out “successful”, as a matter of fact, I was broke, of the deal. The brokers get commission based on the
living in a one bedroom apartment with only the desire sale price, the bankers get points, the management com-
to create a better life for me and my family. pany is paid based on collected rents, even the property
At the time, I was running a struggling landscaping inspectors get paid by the unit! The bigger the property,
company that didn’t provide much income in the cold, the more money these people make so therefore, the
snowy winters of the northeast. Fortunately I had a friend more talented and efficient people are doing the bigger
who worked for a bank who asked me to do the repairs deals, which means it will be easier for you to do the deal
on a property they had foreclosed on. and you get more cash flow checks make more money!
Although I had no idea how to bid that job, let alone how I know this first hand. I now own over 7,000 units now. I
to do the work, I somehow won that first contract and had first discovered this phenomenon when I got the courage
friends and family members help me get the work done. to buy my first twenty unit deal. It was then realized it
The bank was happy and gave me another job, and then was actually easier to buy that deal than buying the
another, before you know it, I was working on several smaller deals… Then I bought a forty unit deal, then an
properties…actually, I had a lot of sub-contractors eighty unit deal and the I started buying properties over
working FOR ME, on a lot of properties. 100 units! The bigger the deals got the easier it was
to do the deals! It was amazing!
Secret #1: Then I discovered the secret of real estate . .
.it wasn’t working on properties for the bank, although I Secret #4: The forth secret of real estate is using other
was finally making money doing that, it was owning the peoples money to do your deals!!! I had to use other
real estate and collecting cash flow checks every month. people’s money to do deals when I first started because I
had none!! Now I’ve got a bunch but I still use other
That is how real financial freedom is created. people’s money to do my deals because you can con-
Though when I first started out, I really wasn’t interested trol more deals and make more money that way!!
in owning long term because I didn’t want to deal with the With all of this money behind me, I started doing bigger
hassle of tenants…I had heard all kinds of tenant horror deals, a lot of bigger deals. I was able to do a lot of
stories and I didn’t want to have a part in one of my own. deals in a short period of time because of all the mar-
Secret #2 : Then I discovered the second secret of real keting I was doing, which brings me to…
estate…have good quality management companies Secret #5: You’re in the marketing business. The
manage the properties. I would do my part, which was sooner you realize this the better. Real estate is your
buying the properties and then I hand them over to the product but you are in the marketing business.
management company and I let them deal with the ten-
ants, collect the rents, do the repairs, pay the bills, pay You can have all the skill, all of the knowledge but if
the mortgage and most importantly, send me cash flow your phone is not ringing…your eating baloney sand-
wiches tonight and staying in on the weekend while the
Page 22 MAREInet.com
23. David Lindahl and his training team is coming to the Kansas
City area for 2 Full Days and they are on a mission to “break
down the locked doors” of real estate cash flow by showing
you how to “win” in your home town, right now, with no
money out of your pocket and no experience in your head . .
. they will provide everything you need . . . but there is a
catch . . . you have to attend!
rest of us go to our favorite restaurant and order the them. Becoming a Transaction Engineer will allow you
prime rib! to become wealthier faster with less effort.
Here is another thing that will start happening when you All you need is an understanding of how to structure the
send marketing out…you’re not only going to get multi- deals of the five types of commercial properties
family owners calling you. Once in a while you will get and shazam! You can now make money off of any
storage owners calling, retail owners calling, office building phone call that comes into your home or office!!
owners calling, because owners of multi family properties Secret #7: The seventh secret of real estate is sys-
sometimes own other property types too! tems! Having proven systems that work over and over
When this first started happening to me, I would politely again is the only way to explode your busi-
tell the seller that I was not interested in their property, ness and create the life you and you family deserve.
until I learned . . . Ray Kroch learned this when he created McDonalds,
Secret #6: The sixth secret of real estate is becoming that’s why there are over 2 Billion served! Henry Ford
a Transaction Engineer. What the heck is a Transaction learned this with Model T and created a new industry,
Engineer? A Transaction Engineer is someone who systems allowed Steve Jobs, god rest his soul, to do what
has the ability to make money off of any type of deal, he did when he created the rebirth of Apple…did you get
from any type of seller, that responds to his/her marketing. your new iphone upgrade yet?!.
That means if you have an office building owner call, as Systems allow you to delegate the tasks that you are not
long as you know how to structure an office building good at, systems allow you to focus on growing your
deal and the property IS a deal, then you can put it under business instead of working in your business. When
contract and immediately sell it to another buyer. This is you acquire other people’s successful systems, you
called Wholesaling! It’s one of the fastest ways to put a hit the ground running and you avoid making a lot of
check in your pocket! mistakes the system creators made when they were in
If you have no desire to own an office property, that’s OK, the process of creating the system.
if you have no desire to own a warehouse or a hotel, that’s This means you make money faster and you keep more
OK but why not flip them and make some money from money in your pocket…how nice!!
Registration for Weekend Wealth Building
Saturday & Sunday May 5th & 6th Speaker Lineup:
8:30 am to 5:00 Both Days
Sheraton Overland Park
at the Convention Center,
David Lindahl: Mulit-Family & Commercial Investing
6100 College Boulevard,
Overland Park, KS
Bob Diamond: Foreclosures & Loan Modifications
Simulcast Online for those you can’t get to Kan-
Larry Goins: Wholesaling Houses
sas City Chris Bowser: Making Money on Ebay
To Register go online to:
www.MAREInet.com/WWB Preview: Subscribe to the MAREI Blog for Articles and Videos
Or call 913-815-0111 from the Expert Panel of Educators.
Investment News Page 27
24. With David Lindahl
The Real Estate Mentor
Multi Family & Commercial Investing
Sheraton Overland Park Hotel at the Convention Center
6100 College Boulevard, Overland Park, Kansas
Also Simulcast if you can’t make it to Kansas City
FREE WHEN YOU ATTEND
REPORT: 20 Ways to Fund Your Deal BOOK: Massive Passive Income Creator
REPORT: 8 Ways to Prosper in Today’s 3 CD SERIES: Million Dollar No Money
Real Estate Market Down Deal Structures
REPORT: 30 Days to Your Next Deal CD: Dave Teach CD
BOOK: A Complete Guide to Making CD: Understanding Market Cycles
Money in Real Estate in Your Home Town
CERTIFICATE: 30-Minute Strategy Ses-
sion
Go to www.MAREInet.com/WWB