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The Investment News: June 2011


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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: June 2011

  1. 1. MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS Investment News NETWORKING : EDUCATION : COMMUNITYRead Online June 2012 Here’s to a Great Summer Of Real Estate Investing! June 12th: Meeting - Real Estate Trade Show Pa July 10th: Meeting - Canceled for other Options ge 10 due to the All Star Baseball Game the Same Night
  2. 2. en ts on t In this Issue of the c Investment News Page 3 Page10 Business Members Benefits at a Glance Build your team with our Save with Discounts Service Providers & In- dustry Partners Page 12 Vendors Page 6 Meet the Trade Show Directors Notes Vendors Page 18 Page 22 Calendar of Events Title Companies Schedule Now What to look for. Page 20 Page 8 MAREI Web Tips Page 24 2012 Trade Show Page 14 Member Forums Mid-West Real Estate Who, What, When, Housing Recovery Investor Expo Where & Costs. See Is it here, review some of Page 21 who will have a booth. the data. For Sale Member Properties June Meeting Page 15 Trade Show Welcome New & Returning MembersPage 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 . Insurance Alarm Systems Insurance Jim Jrolf Gary Hartman Lisa Goodner 913-915-3232 913-991-1612 1-877-752-2742 Investors Investors Property Management Profit-Ability Kim Tucker Consulting Group Meka Cayce 816-200-2198 Mark Pantak 816-474-8800 832-766-6997 Property Management Property Management Real Estate Brokerage Kevin Jamieson Jeff Wood 816-503-4671 Kim Tucker & Staff kevin- 816-841-9500 Staging Suppliers: Building Suppliers: Building Michelle Davis Josh Burns 913-449-3593 Matt Puckett 1-877-484-4268 913-254-9300 Title Company Title Company Jackie White / Mary Peterson Bud Whisler 913-338-0100 June 12th: Meeting - Real Estate Trade Show 816-581-2299 bwhisler@coffeltlandtitle.comInvestment News Page 3
  4. 4. 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 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. Google Plus Page: Content Disclaimer Kansas City Real Estate by MAREI The views and opinions expressed by authors of articles contributed to this newsletter do not neces- LinkedIn Group: sarily reflect those of the association, the board of directors or the staff.Kansas City Real Estate Investors Advertise in the Investment News Rate Schedule Twitter Size Non-Member Member Business Associate RealEstateKC Full Page $175 $140 $115 YouTube 1/2 Page $145 $105 $85 MAREI’s YouTube Page 1/4 Page $75 $65 $50 Facebook Page 1/8 Page $55 $35 $25 Kansas City Real Estate Investing 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 Facebook Group each month. All ads must be prepaid. Contact to verify ad format can be accepted. Kansas City Real Estate Investors 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 Vil- lage, 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. Direc tor’s for J une N otes Here in m office we have one of those investments that Our first tool was price, and we have reduced and re- we lovingly call an “opportunity”. If you go see a lot of duced. So our next option was to offer to pay sellers the Gurus who talk about how easy it is to invest in real closing costs and market home with an area program estate. They don’t often talk about the “learning opportu- for first time home buyers called MHDC that will finance nities” that they have had in their own offices. the down payment for them on an FHA loan. Another option is to offer up bonuses to the buyer’s agent. I want to talk about our opportunity for two reasons. First I want you to know that even seasoned investors do get a Then we will turn to a few options that will open our dud from time to time and we have to work through the house up to buyers who have not been looking, which issues with them just like the brand new folks do. We just are buyers who cannot qualify for a loan. That means might have a few more tools in the tool box to fix the we are looking at offering the home lease to own and problems. Secondly, I want you to consider that the seller finance. These are tools in our box, but not quite sooner you figure out you have a learning opportunity, in our realm of expertise. That means we have and do something about it, the less money you are going reached out to a few experts in these areas to get help to spend on this education. on these options. So our deal was a great house in a great neighborhood. Which brings me to two more reasons to talk about a Our plan was to purchase it, renovate it, and list it to sell. learning opportunity. Third, we want to let you know to It is located in an awesome neighborhood that does not never be too proud to ask for help. We all need help see a lot of turn over or resale homes historically in the from time to time, so if you are in a situation that you past few years. We don’t even see a bunch of foreclo- don’t know what to do, please reach out and ask for it. sures or short sales. Based on the data we have and the Fourth, keep in mind the time value of money. Some renovation we completed, we listed at what we thought new investors will hold on to a dog investment be- was a very fair price. cause they don’t want to sell at a loss, which in turn No one wanted to look at it. We had a packed open costs them more in holding costs and lossed income house, the neighbors loved it. But no sale. We reduced that they might have made from another investment the price. Two more higher priced houses listed for sale. should they have taken a loss on the dog and rein- vested in something else. A month later, we note that there is now a short sale listed, and we have lowered our price again. We are still So at the Tuesday Meeting, please make it a goal to going to make a few dollars, but not enough to really come home with materials from all the vendors and make it worth our time and effort. business cards from at least 10 new people that you can put in your database as someone to reach out to No lookers and another month passes, 2 more houses for help or to offer help when an ‘Opportunity” to learn list. Now currently we are at bottom , break even price comes up. that based on comps is $30,000 less than what it should sell for and $15,000 less than our very conservative See you next Tuesday at the Meeting value. Including our home there are six homes listed for Kim sale. We are at the point we need to hit the tool box.Page 6
  7. 7. Property Management Section 8 Housing Property Management KC Metro Wide Rental Services Kansas City Metro Jeff Woods Broker Kevin Jamieson 816-849500 816-503-4671 Sell Vacant Houses Faster and for more money! How? We transform vacant houses - often“Presentation is Everything!” seen by buyers as stale, lifeless, unappealing - into fully-furnished, inviting, valued Show- homes. Now in our third decade of service to Homeowners and their Realtors, weve become Americas premier home staging service coast- 550 E. 56 Highway, Suite B to-coast. Olathe, KS, 66061 Our professional home staging services can add Phone: (913) 254-9300 thousands of dollars to your sale price -- and at the same time reduce the stress and expense of mar- Fax: (913) 254-9301 keting your property. Michelle Davis 913-449-3593Investment News Page 7
  8. 8. 2012 Real Estate Trade Show Career Education Systems on the top floor of Ward Parkway Shopping Center. Inves- tor and Business Members can attend NO CHARGE, non members can attend for a $5 donation to Harvesters or the donation of 3 non-perishable items. Member vendors can reserve a vendor table for as low as $25. In June, Mid-America Association of Real Es- There will be no speaker nor training sessions tate Investors is Celebrating. It has been a at this event. It will one big Vendor Trade great past year and we have grown our mem- Show with Vendors, General Marketing Table bership over the past year and improved our for Flyers, munchies and door prizes. organization. We thank all of our members, vol- unteers, subgroup leaders, vendors and speak- We highly encourage all of our Business ers who have contributed to our growth. Members to participate. We currently have space for 2 more tables that can be reserved. To celebrate, we are dropping our guest fees You can also bring a stack of business cards for our June 2012 to just $5 for the month of OR flyers, work the room and have fun all June and we are donating all of these fees to evening.. Harvesters Community Foodbank, a local food provider for Kansas City residents. Business Members can reserve a vendor ta- ble for no charge, and Investor & Internet For the month of June, we are also holding our Members can reserve for $25. To register for 2012 Trade Show on Tuesday June 12 from a table or RSVP for the event, please go to 6pm to 9pm our regular meeting place inside of Real Estate Professionals! 2012 Trade ShowJune 12th Monthly Meeting: Agenda More info and Registration Tuesday June 12th, 2012, 6pm  5:30 set up to 9pm  6:00 Expo Hall all Evening Door Prizes: Everyone will re- Career Education Systems, Location ceive 1 ticket and can purchase FREE for MAREI Members, Career Education Systems extra for $1 each. Funds to go Non-Members $5 Donation to Ward Parkway Shopping Center—top to Harvesters. Giving away Harvesters Community Food floor - 8600 Ward Parkway, Kansas several Real Estate Investing Network City, MO Home Study Courses. Page 8
  9. 9. responsiveness of a boutique the monthly Foreclosure ReportThese spaces won’t last long, firm. Our team consisting of a for the Missouri side of the Kan-so RSVP Now and join us at full time attorney and a staff of sas City Metro.our 2012 Real Estate Trade trained title officers ensure thatShow and Celebration! each transaction is given expert Community Buying- attention. Group, offers Members theSo who is already signed up to ability to buy like larger compa-share their products and ser- Asset Protection Insurance nies, allowing smaller compa-vices with you? Take a look Agency policy protects your nies to be more competitive.through the next few pages. investment from the day you Through relationships with our buy it to the day you sell it. This Premier Supplier Network, weAccurate Title Company, is a covers rehab, sale and/or offer special incentives andfull-service title agency that rep- rental. pricing on products that ourresent a new breed of title com- Members use every day.pany with the resources and Coffelt Land Title, providesscope to handle even the big- accurate real estate title infor- (Continued on page 12)gest most complex transac- mation, title insurance and es-tions, but with the agility and crow services. We also publish All Guest Fees donated to Harvesters Guest Fee Tonight Only $5 Or 3 Non-Perish Items Please stop by Harvesters Booth at the meeting to find out how they can take a $5 Donation and combine it with corporate donors efforts to create 25 meals, how you and your company can help through donations and volunteering, and how they help feed Kansas City Citizens every day! And visit their website at 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 Marketing Affordable Landlord Websites with aScreening for tenants & workers with 15% discount or free trial for members. 20% discount for members. Learn how to save money at Home De- pot and register for a 2% Rebate for all purchases & rentals across the US. Plus 20% Discount on Paint in Kansas City. Websites for investors, landlords, and Electronic collection for bounced other services. FREE trial. rent checks. No charge to you. FORMS & DOCS Service Provider All members receive a discount cardMember Library is packed with forms to access our exclusive discounts upand docs, plus 15 % discount at EZ to 40% off all paint, supplies, andLandlord Forms for premium forms. flooring—nationwide. Discount card for all members providing a 10% discount on all services.Market your rentals on the nations topranked rental site. Member discount is 20% off Regular Prices. Members have access to many great News & Information tools and savings including discounts of up to 7% - nationwide. E-UpdateOffice Solutions Our weekly email update with what’s happening in real estate including properties for sale, government af- fairs and local market data.Save on select FedEx Office copy and Discounts of products through Sears print services up to 20% and on Commercial plus 5% off Gift Cards. Investment News FedEx Shipping up to 22%. 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 ourReceive 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
  11. 11. Member Service We have several services as part of our website to help you growMagazine 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 athat 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 REAL ESTATE BOOKS have access time to post your investment op- to the latest The nation’s largest provider of portunities for other members in Market real estate training materi- and site visitors to browse. Data. als, DEARBORN is America’s Premier Real Estate Pub- lisher. Members receive up to 40% off. VISIT The Member Library is packed and ever growing with pdf ver- sions of entire books, EBooks, Special member discounts for Look under Resources - Articles, Forms, and Documents. members at Avis, Budget, and Enterprise Rentals. Discounts Investment News Page 11
  12. 12. Have you met our Vendors Who will be at the Trade Show? HUD owned homes. Choice Cabinet offers built-to-order, all wood cabinets with all the same features that custom cabinets contain. BMW Investment Properties, offers personal coaching to walk hand in hand with you so you get results in your real estate investing. ShowHomesKC offers home staging with no up- front fees that includes a home manager to pro- (Continued from page 9) tect your investment. Home Depot, offers many ways for members to Sears Home Improvement specializes in re- save money, from their Volume Pricing Program placement windows, siding, HVAC, entry doors, at the Pro Desk, to valuable savings by signing roofing, kitchens, bathrooms, garage doors, floor- up as a Pro on their website, to our member’s ing, and more... only exclusive discounts 20% Discount on Paint and 2% Rebate on all Purchases. National Real Estate Insurance Group the right coverage at the right time: vacant, renovation, Premier Leasing offers Property management occupied. for all your needs! Serving the Kansas City metro area. We are also Section 8 housing Spe- Lowes offering MAREI members exclusive dis- cialists! counts including a 5% discount for everyone with a Lowes Accounts Receivable plus an extra 2% Home Vestors, local franchisee, JD Asbell offers for early payment. more than just great properties. Through his Destination for Properties find out about his Sherwin Williams offering MAREI members an property management services as well as his exclusive discount card saving between 35 and private lending. 40% on paint, supplies, and flooring. Refined Interior Staging Solutions goal is to help you sell your house within the shortest amount of time with the highest price possible. Citizen Tax Service, Certified Public Account- ant specializing in real estate accounting and tax planning. Get your accounting records organ- ized and make better business decisions. Arvest Bank offers both Secondary Market and In House loan options for Investment and Com- mercial properties. Scott Harvey – HUD Listing Broker will be there to answer your questions about purchasingPage 12
  13. 13. Be sure to Wireless Security Systems Join Now Keypad, 3 doors, 1 motion, 1 primary & 1 door siren (Or Renew) One time Charge of $99 plus tax Go online at Includes installation Requires 36 month contract. Monthly Monitoring Fee $39.99 Sell houseFor everyone that joins now or at the meeting transfer to new owner on Tuesday we have several free giveaway or move to new house items for you to choose from: Buying Real Estate without Cash or Credit (Peter Conti & David Finkel) How to Create Multiple Streams of Income Buying Homes In Nice Areas with Nothing Down (Peter Conti & David Finkel) For title, escrow, 1031 & foreclosure. Management Solutions to help your properties Operate Smoothly Increase Desirability Enhance Investment Value Attract & Retain Tenants Find us Online 816-474-8800 Bud Whisler 816-380-3441Investment News Page 13
  14. 14. Housing Recovering Is it Here? Across the Real Estate Reporting agencies, data FHFA’s housing price index is calculated using is pointing to a slow but steady housing recovery. home sales price information based off Freddie Mac and Fannie Mae-backed mortgages. (to read full articles and supporting data, click on blue links when reading online at FHFA’s seasonally adjusted monthly index rose 1.8 percent in March over February, which is the largest monthly increase in at least 20 years. RealtorMag May 25th: Home inventories of for- Year-over-year, home prices increased 2.7 per- sale listings continue to fall, which may help raise cent, FHFA reports. overall housing prices as demand picks up. "Increased affordability and a somewhat smaller Inventory of for-sale single-family homes, condos, inventory of homes for sale are positively im- townhouses, and co-ops dropped by 18.85 per- pacting house prices," says Andrew Leventis, cent in April compared to a year ago, according to FHFA’s principal economist. housing data of 146 metro markets tracked Despite recent improvements in home prices, the percentage of underwater borrowers has “These key indicators continue to suggest the shown little improvement in the last year. More housing market may be at a turning point and than 30 percent of home owners in the first quar- headed towards a broad-based recovery,” REAL- ter remained underwater on their mortgage, ow- notes in a release on its April housing ing more on their home than it’s currently worth, data. “Lower inventories, combined with faster according to a new Zillow housing report. moving markets and relatively stable median list- ing prices are indicative of the kind of balanced A year ago, 32.4 percent of all borrowers had housing market that has not been seen in many negative equity on their loan compared to 31.4 years.” percent during the most recent quarter, Zillow reports. On a national basis, the median age of inventory dropped nearly 12 percent year-over-year. Yet, Zillow notes that nine out of 10 underwater borrowers are current on their mortgage pay- RealtorMag May 24th: The Federal Housing Fi- ments. nance Agency reported that nationwide home prices posted their first gain in the first quarter "[Its] important to note that negative equity re- since 2007. While the gain was modest at 0.6 per- mains only a paper loss for the vast majority of cent, housing experts note it’s still another sign underwater home owners," says Stan that the housing market is gaining momentum. (Continued on page 16)Page 16
  15. 15. New Members Renewing ► Travis Abbot: Parker, CO ► George Cherian: Prairie Village, KS Since 2011 ► Andrew Bacon: Parker, CO ► JE Hutchens: Blue Springs, MO Since 2008 ► Adam Doran: Tonganoxie, KS ► Steve Hulme: Overland Park, KS Since 2011 ► William & Tina Gentry: Kansas City, MO ► Steve Kelman: Mission, KS Since 2009 ► Steve & Kelly Gilliland: Liberty, MO ► Mark Klinkenberg: Raymore, MO Since 2011 ► Scott Harvey: Olathe, KS ► Richard Romines: Independence, MO Since 2011 ► Christopher Heintzelman: Gardner, KS ► Renee Swain: Lees Summit, MO Since 2010 ► Brian Johnston: Kansas City, MO ► Melissa Wurtz: Overland Park, KS Since 2008 ► Maggie Lee: Stilwell, KS ► Kevin Mason: Leawood, KS ► ► Paolo Mesia: Parkville, MO Paul Panos: Parkville, MO Business Members ► Corinna Sander: Gardner, KS ► Lisa Goodner with Asset Protection Insurance Agency ► Mike Stroud: Overland Park, KS Member Since 2006 ► EzeQuiel & German Uresti: Lees Summit, MO ► Jim Jrolf with National Real Estate Insurance Group ► Marty Watson: Gladstone, MO Member Since 2008 ► John Whitfield: Kansas City, KS ► Josh Burns with Cabinet Giant New Member ► Mary Wilcox: Independence, MO ► Bud Whisler with Coffelt Land Title New MemberInvestment News Page 15
  16. 16. Real Estate Article (Continued from page 14) a new federal budget must be passed before Humphries, Zillows chief economist. "As home the end of the year for the economy to continue values slowly increase and these home owners to move forward.” continue to pay down their principal, they will surface again." The housing forecast has been upgraded, with existing-home sales expected to reach 4.66, May 30th: Pending home sales million this year, compared with 4.26 million in retrenched in April following three consecutive 2011. The outlook for 2013 is now 4.92 million, monthly gains, but are notably higher than a but could vary significantly depending on two year ago, according to the National Association scenarios. of Realtors®. If lending returns to normal, the 2013 outlook The Pending Home Sales Index,* a forward- for existing-home sales would measurably im- looking indicator based on contract signings, de- clined 5.5 percent to 95.5 from a downwardly prove to 5.3 million. However, a fiscal cliff sce- revised 101.1 in March but is 14.4 percent above nario of higher taxes and sharp spending cuts April 2011 when it was 83.5. The data reflects beginning in early 2013, which is an unlikely contracts but not closings. event but still worth noting, would lower the sales projection to 4.5 million. Lawrence Yun, NAR chief economist, said a one -month setback in light of many months of gains Because of measurably lower inventory sup- does not change the fundamentally improving plies, the forecast for home prices has been housing market conditions. “Home contract ac- upwardly revised with the median existing- tivity has been above year-ago levels now for home price projected to rise 2 to 3 percent this 12 consecutive months. The housing recovery year and 4 to 5 percent in 2013, with wide local momentum continues,” he said. market variations. Yun notes home sales are staying well above To access sales data, please go to: http:// the levels seen from 2008 through 2011. “Housing market activity has clearly housing-statistics Local data can be found at broken out at notably higher levels and is on track to see the best performance since 2007,” he said. “All of the major housing market indi- cators are expected to trend gradually up, butPage 18
  17. 17. Visit Or email info@MAREInet.comInvestment News Page 19
  18. 18. CALENDAR OF EVENTS Locations, Costs & Registration At, June 5th Saturday, June 23rd 9:00am Sub-Group: Weekly Wednesdays  4:00pm Sub-Group: Blue Springs / Inde- pendence Real Estate InvestorsSaturday, June 9th 4:00pm Sub-Group: Blue Springs / Inde- Sunday, June 24th pendence Real Estate Investors  9:00am Sub-Group: Lees Summit Real Estate InvestorsSunday, June 10th 9:00am Sub-Group: Lees Summit Real Es- Wednesday, June 27th tate Investors  9:00am Sub-Group: Weekly WednesdaysTuesday, June 12th Saturday, June 30thMonthly Meeting Career Education Systems,  4:00pm Sub-Group: Blue Springs / Inde-Ward Pkwy Shopping Center pendence Real Estate Investors 5:30pm Pre-Meeting—Set up Sunday, July 1st 6:00pm Monthly Vendor Hall / Networking  9:00am Sub-Group: Lees Summit Real Estate InvestorsWednesday, June 13th Wednesday, July 4th 9:00am Sub-Group: Weekly Wednesdays  National Holiday, no MeetingSaturday, June 16th Tuesday July 10th 4:00pm SubGroup: Blue Springs / Inde- pendence Real Estate Investors  Major League Baseballs 83rd All Star Game and Events here in Kansas City. No Meet-Sunday, June 17th ing, watch for alternative events. 9:00am Sub-Group: Lees Summit Real Es- Tuesday, August 14th tate Investors  Lease Options with Marck DeLatourWednesday, June 20th Saturday, August 25th 9:00am Sub-Group: Weekly Wednesdays  Realty 411 & reWealth present their Mid-June 20th—27th West Real Estate Investor Expot MAREI offices closed. Directors travel to Na- Sunday, August 26th tional REIA Mid Year Conference  Bus Tour with SBD HousingPage 18
  19. 19. For Investors By InvestorsIn this market, you want an agent on your side that has the knowledge, the ability, 1(877) 752-2742 the EXPERIENCE, Lisa Goodner and the resources to help you! Because APIA sells only Real Estate Owned (REO) and Forced Lender insurance coverage, weve become the industry leader in providing comprehensive, affordable coverage to inves- tors, financial institutions and mortgage compa- nies. Our company specializes in Real Estate Owned (REO) and Forced Lender insurance coverage for property investors, servicers, financial insti- tutions and mortgage companies. Standard in- surance companies also turn to us for our ser- Realty Resource vices. 8014 State Line Rd, #210 816-523-4400 HOUSES WANTED  Built After 1950 Minimum 3 Bed, 1.5 Bath On Demand Training Eastern Jackson County 30 Minute Segments MO or Johnson County KS Top Investor Trainers Retail Value $100k-$200k From the Comfort of Your own Internet Connection No Rental $39.00 Training CoursesLocal Cash Buyer Looking for 2 to 4 Houses a REO & Lease Optionmonth to purchase, rehab and sell. Money Part- Creative Financingners want their money placed quickly so they can Automated Investmentsturn their money fast and make a profit. Can’t do Auctions & Foreclosuresthat with out houses! Bring us a deal! Short Sales Wholesaling 101 Email: kcmoHomeBuyer@gmail.comSubmit Online: www.MAREIU.comInvestment News Page 23
  20. 20. Using the Member Website Accessing the Forum . We recommend you check out the MAREI Member Forums. This is where you can ask a question about anything real estate related or business related. This is not a place to “advertise” yourself by just posting ads, but you can still advertise in a sneaky and devious manner . . . Interacting with the other members. On the past two pages, we walked you through updating your profile. Now when you visit the “Member Forums” and see other people posting questions, you are more than welcome to share you knowledge and post a responses that fits the question. When you make a response, your contact name will appear with a link. They click on the link and your bio will come up. We further suggest putting a signature line at the bottom of your post: So first how do you get to the member forums? If you are still logged in from updating your member profile, you will probably still be in your “Dashboard”. You need to navigate from the “Dashboard” back to the main site. To do this, hover your mouse over the words “MAREI member forum” at the top left and you will see a link open up that says “Visit Site” - click that to go back to the main site. From there, go to the “Resources Tab” and click on the little downward pointing carrot and select “Forum” in the drop down menu. If you are starting fresh and have not yet logged in, go to From there, go to the “Resources Tab” and click on “Forum” in the drop down menu. Last you would need to scroll to the bottom right hand corner and log in, when you log in, you should remain on the page where you started. Once you are on the forums and logged you will see we have quite a few forums. If there is one topic of particular interest to you, click on it and Subscribe. For now we will show you how to Subscribe to the “Available Whole- sale Properties” under the “Wholesaling Forum.” Step One: click on “Available Wholesale Properties” listed within the Wholesaling Forum The forum will open up . Step Two: click on the Subscribe on the tab. Now whenever anyone makes a post of a property for sale, you should receive an email. You can subscribe to any forum you like or if you are getting post you don’t really want, you can do the same basic steps to unsubscribe.Page 20
  21. 21. INVESTMENT OPPORTUNITYMember PropertiesMore at 109th & Marsh $34,900 3 bed Great Opportunity on Don Tucker 1.5 bath this turn key rental 816-523-4400 Kansas City, MO 1 car gar home in South Kansas kcmoHome- Basement City 4025 Agnes $45,000 4 bed ROI with cash sale— Laura Johnson 2 bath 15%. ROI with Finance Adept Properties Kansas City, MO Full bsmt d sale 48% adeptproper- 19418 E 5th Ct N $45,000 4 bed Needs very little to b e Rick Zeitun 2 bath rent ready or could Prime KC Homes Independence, Mo 2 car make easy flip property 913-461-8560 in the low $80s 209 NE Country Ln $157,000 3 Bdrm Rehabbed home in Lees Listed by Paula Hight 2 bath summit from Greg with Platinum- Lee’s Summit, MO 2 Car Gar Billeisen. 816-820-1144 609 SE Douglas $89,000 2 bdrm Excellent Rental Prop- Russell Armstrong 1 bath erty, Ready to Occupy Mid-West Cottages Lee’s Summit, Mo 2 car in Lee’s Summit Mo 888-689-6878 11829 W 100th Tr $129,900 3 bdrm Just off Quivera, liv- Don Tucker 2.5 bath able, comps near $200k 816-523-4400 Overland Park, KS 2 car kcmoHome- 2236 Quincy $12,500 3 bdrm Handyman Special, Christoph Becker 1 bath Easy Rehab Blueprint Properties Kansas City, MO Full bsmt 816–419–1165 BlueprintPropertySolu- 13035 Canaan Dr $389,000 Restaurant Turn Key—Pizza Place. Adam Doran Wholesale Priced Make It Move Props. Bonner Springs, KS 913-735-5673 makeitmoveproper- ties@gmail.comInvestment News Page 25
  22. 22. What to look for in a Kansas City Area Title Company lost due to skittish buyers or sellers on the other end of the transaction. From Accurate Title Company 4. Affordable Rates: 1. Your Title Company Do a quick survey of fees among title companies. Always choose your own real estate title closing Most will have similar fees. Some will offer special agent to guarantee against any conflict of inter- deals for buyers or sellers who do repeat transac- tions. Here in Kansas City, one common fee is an est. Problems can arise when a title company is extra fee if no Real Estate Agent is part of the trans- owned by the mortgage broker or lender. By request- action, so be sure to find out these bonus fees up ing that your lender use a title company that you front. Don’t wait till closing to find out about fees, so have selected, your best interests are protected. you don’t have extra fees pop you really don’t want the day of closing. 2. Attorney on Staff. Having an Attorney on Staff that is highly familiar with 5. Friendly & Prompt Service: Real Estate means that every transaction is subject Having a title company that will offer the extra service can often save you time and money. Having numer- to a high level of independent legal real estate ous ways to communicate including phone, fax, and experience. This also ensures that the company has email as well as face to face will accommodate all of the resources available to anticipate problems and your buyers and sellers. When you need a closing at a remote location, for example a buyer or seller who address them if they arise. The result is an efficient might be out of the country or in the hospital, having a transaction that closes smoothly and free of prob- way to get the paperwork and notary to them is vital. lems, both for the Seller and the Buyer or owner refi- Secondly having a company that can push the en- nancing. velop and turn around a file in a day or two or will of- 2. Experience: fer extra services when you need estimated HUDs for Look for a company that has been in business with Short Sales, or help with a quick question on title or experienced staff who have established business re- closing rules at the end of a phone call can save you lationships with the associations, lenders, and integral time and money. support companies providing management, insur- Many will also offer extra services like 1031 Ex- ance, realty, survey, and appraisal services in the change, Ownership & Encumbrance Report. Many area. This will allow them to completes every transac- will also have a complete set of forms and contracts tion smoothly and quickly, with no time lost tracking to help you put together a transaction. down the people and companies necessary to get the real estate transaction completed. An experienced So as you build your real estate investing team, title company and experienced staff can get your spend some time in finding the right title company transaction closed more efficiently and with less is- before you need them so you have the time to get the sues popping up. one who will represent your interests. Then take the time to get set up with them. If you are buying in an 3. Local Convenience: corporate entity, get your necessary paperwork that Having a established local company is going to be they are going to prove the entity does exist and that able to access local systems and be more convenient you have the authority to sign for company in place. to your buyers and sellers and allow an on hands ap- A good company will want to keep this on file. proach. When working with a jumpy buyer or seller having a local, professional to apply hand holding can help you complete your transactions, often times get- ting some transactions closed that might have beenPage 22
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