SlideShare a Scribd company logo
1 of 36
Download to read offline
investGREATER KANSAS CITY METRO AREA
SINGLE FAMILY REAL ESTATE
LIVING
KC METRO
THE MAP
KANSAS CITY
INDUSTRY
IN KC
LEARN THE MAJOR
AREAS OF THE METRO
WHY LIVE OR
INVEST IN KC
MANY COMPANIES
YOU KNOW
*Accounts must be registered/enrolled through the website above to receive rebate credit. Registration instructions to follow. **Rebate payments
follows outlined in enrollment guide. $1000 will be paid with The Home Depot Gift Cards. *** - gift cards are provided to participants by NREIA not Home
Depot **Exclusions Apply. We reserve the right to limit quantities to the amount reasonable for our regular customers. In the event of an error, we will
make every reasonable effort to accommodate our customers. Details on any product warranty available at store. See contract for guarantee details.
©2017 Homer TLC, Inc. All rights reserved.
Join the FREE Pro Xtra Program to receive:
• 2% semi-annual rebate*
• Exclusive Pro-only savings including
20% off paints, stains, and primers**
• Volume Pricing on large orders across the store
• Dedicated national support team
• Bulk pricing discounts on thousands of items
• Flexible credit options with no annual fee
• Exclusive appliance program with custom
catalog for MAREI members
Sign up instructions in MAREI Member Benefit Guide.
contents
2017
Sample Properties starting
Page 30
Case Studies
Major Businesses
A brief look at Multi-Family
Industry 18
Other Sectors 20
Why Kansas City
Building Your Team
Living 12
Service Providers 24
The Major Areas
The Map 4
Cover and Photo to the left from VisitKC.com
North of the river from downtown Kansas City,
Clay County is one of the fast growing regions in
the metro area.  Typically referred to as the
Northland.  Here you will find not only the metros
major amusement parks Worlds and Oceans of
fund, but also the Ford Assembly Plant were they
buld the F150 and the Chevy Plant where they
build the Malibu.
CLAY COUNTY
The second most poplous county in Missouri
and is the metro area's center of population.
 Home to THE "Kansas City" Missouri, the city
most refer when they say "Kansas City".  We
can break Jackson County Down into Kansas
City on the west side and then eastern Jackson
County.
Kansas City Missouri is made of of the
Northland  in Clay County, Downtown on the
west just south of the river and including the
Plaza, Historic North East or the North End,
Midtown with Hyde Park, Brookside and Waldo,
our long neglected Urban Core and last South
Kansas City that blends in the the parts of the
Grandview Communities.
Eastern Jackson County is made up of
Independence, Raytown, Blue Springs and
Lee's Summit.  Independence and Raytown are
going to be your blue collar areas along with
parts of Blue Springs and Lee's Summit and
other areas of Raytowns are going to be
Suburbs as the come with newer communities
and better schools.
JACKSON COUNTY
theMap
With just 3 cities, Kansas City (Kansas), Bonner
Springs and Edwardsville.  Has a broad economic
base in transportation, manufacturing, government
and tourism.  Home to numerous tourist
destinations including NASCAR races, world class
soccer, detination shopping at Village West plus
the University of Kansas Hospital.
WYANDOTTE COUNTY
The major metro suburb of the metro.  Nationally
recognized for supurb schools and shopping.  One
of the most prosperous suburban areas in the US.
A healthy business climate, strong quality of life,
outstanding education system and abundant job
opportunities continue to attract newcomers and
keep residents from leaving.  
JOHNSON COUNTY
NorthoftheMissouriRiveralongInterstate29and
hometotheKansasCityInternationalAirport.
 Scatteredthroughoutareofficeparks,industrialparks,
shoppingcentersandhotels. Becuasethe
communitiesarespreadoutandmanymaintaintheir
smalltownfeel,youcangetawayfromthecityto
spendadayinParkvilleorWestonandfeelyouhave
steppedgoneonvacation.
PLATTE COUNTY
KANSAS CITY |   05
An Insurance Company for Real Estate Professionals
Designed specifically for the 1—4 family dwelling real estate investor. Reduce your insurance costs
and properly manage your risk. We are the experts in insuring real estate investors and understand
the real estate business and what investors like you look for and need in a comprehensive insurance
program. For Rental Property, Rental Unit Insurance, General Liablity. Visit RealProtect.com
"It was a chore to switch over as it would be with any
company, but we found we would be using the same
insurance company, cheaper monthly premiums, lower
deductibles, and in many cases a higher coverage on the
property. "
Stacy Bichelmeyer, Archway Homes
ACCORDING TO WIKIPEDIA, A NEWS ARTICLE DISCUSSES CURRENT OR
RECENT NEWS OF EITHER GENERAL INTEREST (I.E. DAILY NEWSPAPERS)
OR OF A SPECIFIC TOPIC (I.E. POLITICAL OR TRADE NEWS MAGAZINES,
CLUB NEWSLETTERS, OR TECHNOLOGY NEWS WEBSITES).
REGIONS
MAREI.ORG |   08
South Kansas City is an area that runs along I-49
(formerly known as 71 Highway) from just south of
85th Street in Kansas City Missouri South to the
Belton Raymore exit. This area is booming with
major development over the past 5 to 10 years and
is continuing to grow. The opening of the
Honeywell Federal Manufacturing Plant to the
south end of this area has a 10 year plan of
continued growth and new jobs. The Cerner
Corporations Three Trails Campus at the former
Bannister Mall Site is growing not only jobs for the
Health Care industry, but more jobs in the hotels
and shops planned for the region. In addition there
has been a large phenomenon in the Grandview
area of South KC called IHOP - the International
House of Prayer that started revitalization of vacant
commercial buildings and their university brought
in a lot of new tenants and parents buying houses
for their children. Of late we have also seen major
money spent in Grandview of redevelopment of
shopping centers.
Mid-Town, made up of the Plaza Area, Hyde Park,
Westport, Brookside and Waldo are also booming.
the old stately houses have been snapped up for
years by folks who want to restore them to their
former glory. There are also smaller houses for
rentals as well as small, medium and large multi
family. These areas are close to all the in places
downtown and have easy highway access to
anywhere in the metro area.
The Urban Core is also always a place where a lot
of out of state investment dollars are spent,
however this area is not for the novice investor.
This area does have good pockets and a lot of
blighted areas. Of late there has been a major
influx of investment and redevelopment ike at 27th
Street and Troost where new aparments and grocer
are planned or a few of the targeted areas, which
still leaves large portions of the urban core
forgotten and neglected. Due Dilligence and a
good team area must to invest in this area of KC.
Downtown Kansas City has a few up an comming
neighborhoods like Columbus Park, the River
Market and the Crossroads mixed in among the old
and the new commercial buildings. The
redevelopment of Union Station many years ago
sparked new buildings from the Postal Service the
Kansas City Star and our Performing Arts Building.
Plus everywhere you look are cranes and
construction of new aparments and redevelopment
of old buildings into lofts.
KU Med Area is the University of Kansas Medical
Center, which is actually in Kansas, however it sits
right on the state line and offers opportunities in
both Kansas City Kansas and in Kansas City
Missouri. While this area offers great opportunity
for rentals for medical students and staff, it also
offers an opportunity for a totally new way of
investing, short term and nightly.
Short Term and Nighly Rentals have seen an
increase in both our Downtown, Mid-Town and KU
Med areas as people are looking for a place to stay
during a sporting event at the Sprint Center like the
recent Basketball Championships and all the World
Series Games a few years ago. Around the Med
Center, visiting Doctors and Instructors or families
wanting to be near patients are also filling up short
term rental spaces.
Northland encompases just about all areas north of
the Missouri River and include North Kansas City,
Gladstone and Claycomo. This area has always
been a good market for rental and for flips due to
not only the Ford and Chevy plants, but also due
the fact that the city of Kansas City Missouri
requires their employees and officials to live in the
city. The portion of Kansas City that is in the
northland has better schools, better amenities like
grocery stores and entertainment areas, and has
always atracted the city workers. These are good
solid suburban working class neighborhoods that
are excellent areas to not only hold for rentals but
also for fix and flip.
There we have it, over a page and a half, only on
Kansas City Missouri, we do want to take a look at a
few of the other areas.
Independence, Raytown and Grandview are all
south of the river and border Kansas City or in the
case of Raytown, seems to split Kansas City
Missouri in two. Grandview has seen a lot of
growth of late as already mentioned.
Independence and Raytown are older suburbs with
not a whole heck of alot exciting going on, but
because of their proximity to other areas they offer
a good solid supporting role to the rest of the area
and offers good solid rental neighborhoods.
Johnson County is a whole other world where you
can pretty much be assured that in the areas where
homes are under $150,000 that you have good
opportunity for rentals and flips. Get an area over
$200,000 and you will be hard pressed to find a
house to fix and flip, the competition will be fierce
but if you can get the deal and make the numbers
work, you will be looking at a home run. You will
find that Blue Springs and Lees' Summit in Jackson
County and Raymore and Belton in Cass are very
similar to Johnson County, just not quite as
populated.
Kansas City, Kansas is quite often overlooked. We
look to the KU Med Center area on the east and the
Village West and Sporting Venues on the west,
leaving much of the city open for opportunity.
KANSAS CITY |   09
Flexibility to shop online at business.officedepot.com and at any
retail store location with your Store Purchasing Card.
From furniture to cleaning and breakroom to top brand
technology, we're the single source for all your business needs.
Aggressive pricing on black & white copies, color copies and
finishing services.
Big Discounts for
MAREI Members
AccurateTitleCompany
Your Title Partner for Real Estate Investing!
Accurate Title Company has been in business for over 15 years.
Working with investors on all levels has been a specialty that
Accurate has embraced from day one.
Accurate is licensed in MO and KS ans with unparalleled
customer service and quick turn-around times, Accurate Title
can handle the quick close transactions
Accurate Title Company
Accurate Title Company
Overland Park, Kansas
Phone 913.338.0100
Fax 913.754.0221
www.AccurateTitleCo.com
Dave Green
Operations Manager
(913) 338-0100
DGreen@AccurateTitleCo.com
KANSAS CITY |   09
LIVING
The Kansas City Metro, what makes it a good place to invest
our money?
Overall, the Kansas City Metro has considerable advantages.
Low cost of living. Housing is affordable and considerable
space to build more new or revitalized the old stuff. The
highway system is for the most part adequate and well
maintained, making commutes to and from fairly easy from
anywhere in the metro. Most of our cities have good public
schools, but not all, so please do your homework here. And
last we have fairly low crime rates, but again, not all of our
cities do.
The experts tell us to dig a little bit deeper, so let’s take a look
some basic real estate factors:
Housing Prices: Let’s face it, many people turn to Kansas
City as a place for their real estate investing dollars because
the median price for a house is just around $175,000 to
$180,000. Some areas of the metro are less and some are
more. Add it all up and you get affordable housing,
something that investors can’t necessarily find in their own
back yard in some areas of the United States.
Sales Statistics: Most likely the person reading this is
WHYINVEST
INTHE
KANSAS
CITYMETRO
Photos from VisitKC.com. Above after Royals win
the World Series at Union Station. Below tailgating
at Arrowhead and Game day at Sprint Center.
MAREI.ORG |   12
considering Kansas City as a market for a long term
buy and hold. They are buying to get cash flow
now, cash flow in the future, but at some point the
property will need to be sold. Hopefully that sale
will be a long time down the road, but what if
circumstances change and the house needs to be
sold? You need to be in a market where you can get
a reasonable sale price on the home.
Review sales stats to find that, for the most, there
are part no huge upswings or downswings in price.
Even in the Great Recession, most neighborhoods
did not see huge price losses, on a whole they held
their value. Yes, the overall median price did drop,
but that was a factor of the bank foreclosures on
the market and less of a factor of the average home
and rehabbed home dropping in price.
Next we are told to spend some time reviewing
trends in month supply of inventory, time on market
and asking price vs sales price.
Vacancy Rates: Finding the rental vacancy rate in
the Kansas City Metro is a bit tough as it’s not
something easily measured or even reported.
Fannie Mae reports the Vacancy Rate was
declining to 4.75% as of Q1 2016. An April 2015
report from HUD shows an estimated vacancy rate
of 7.5% which was a marked improvement from the
11.7% in 2010. So, while these numbers may not
be entirely accurate, we do see our vacancy rates
are getting smaller and much less than the US
average of 6.9% for Q4 of 2016. Here in Kansas City
we really don’t have to look at the statistics, just
drive around and see all the apartment houses
being built across the metro, from the down town,
to the urban core, to the suburbs.
Time on Market: In the Kansas City metro the time
on the market overall has not changed much over
the past year. In March 0f 2016 days on market
was 69 for existing homes and this year it 57, note
those numbers dip even lower in our peak selling
months of June and July. For new homes, we see
similar numbers of 125 days on market last March
and 132 this March and the low of 90s in December
and January, the two worst months for building
houses in the Kansas City Metro.
This all adds up to an average of 1.8 months supply
of existing homes available in Kansas City and a 5.3
months supply for new homes. With only a 1.8
month supply of houses the investor in Kansas City
needs to work hard to find the great deals and have
the cash ready to go to buy fast. This seems to be
the trend all over the country.
Rent-to-Value Ratio: The experts tell us that as a
general rule monthly rents should be at least 1% of
the property value. If you buy a property for
$250,000, your rent needs to be at minimum
$2,500 a month. If we look at the metro’s overall
Median price on Existing Homes of $167,500 of all
houses and Zillow’s reported rent of $1249, we see
that we are pretty close to that 1%. And if we were
to eliminate the high end, non-rental houses we
would see numbers similar to these three bedroom
houses that are listed for sale, do a bit of
negotiating and rent for a bit more than average
rent and you are well over that 1%:
Area Price Rent Ratio
Gladstone $124,000 $1,130 0.91 %
Raytown $ 70,000 $ 950 1.35%
Blue Springs $119,900 $1,150 0.95%
Waldo Area $119,500 $1,050 0.87%
Urban Core $ 59,900 $ 800 1.33%
Ratio of Owner Occupied to Rental Properties:
One expert that was consulted in the writing of this
article would have you believe that the higher
number of rental units to owner occupied house
would be a good thing. However, you need a good
balance.
If you are in an area where all the houses are owner
KANSAS CITY |   13
occupied, well that is either because it is against
the home owner association covenants, in which
case you could not offer a house for rent in that
area anyway. You will find that newer suburban
areas with home owner associations fit this
example.
Conversely if you are in an area where almost every
house is either a rental house or vacant, will be
able to keep it rented? You may find that the pride
of ownership in the overall area is less, they will
attract a lower quality of tenant, and you may
struggle to keep the property cash flowing and
because every house is either a rental or vacant, no
one really seems to care when the house next door
gets vandalized. Houses in this type of
area are much harder to manage, the cash flow
numbers look amazing on paper, but don’t typically
factor in the vandalism number. This is our urban
core areas. And while you can make good money
in these areas, you need to have a stellar property
manager to keep them full and cash flowing.
Instead look for an area that has a good mix of
owner occupied houses and rental houses. This is
going to be in our older suburban areas, like
Gladstone, Raytown, Independence, South Kansas
City, Midtown and older areas of Overland Park and
other Johnson County KS neighborhoods or in
multi-family communities where everyone is a
renter.
From just a Real Estate Analysis look, the Kansas
City Metro seems to make sense financially, houses
are affordable, they will cash flow and if you must
sell them, you can. Next, you should research the
economic factors, the factors that the people living
in the community review before moving to a city.
Population: What is the population of the area and
is it getting bigger or is it getting smaller? You can
dig deep into US Census Bureau data on
population growth in the Kansas City Metro area
and find that overall, the population in the Suburbs
on both the Kansas and the Missouri Side have
been growing since the beginning of time, we see
no contractions. However, if we look at just Kansas
City Missouri, the old part of the city where it all
started, that the population was rising ever so
slightly till about 1970 and then it started
decliningsharply for about 15 years as everyone
fled to the suburbs from the downtown and urban
core areas. Then in about 1985 it leveled off and
about 1995 it started going back up as the old
downtown buildings were revitalized and some of
the Midtown areas started to see the big houses
being restored back to their original stately beauty
from the multi-family housing they had been
chopped up into back earlier in the century.
Economy: Is the economy diverse or does it
depend on just one industry, like for example
Detroit? In the Kansas City metro you will find that
we have a lot of industry. Being in the middle of
the country we have transportation and distribution
jobs. Being in the Midwest, gives us farming and
agricultural jobs. Kansas City is home to a Ford
Plant, a Chevy Plant and a Harley Plant. Being a
healthcare and technology hub, Kansas City has
even been dubbed the Silicon Prairie.
A quick Google search will tell you that trade,
transportation and utilities are our biggest
employers in the region. Government is second
followed by professional and business services. No
matter what type of job a person desires, they can
probably find it here in the Kansas City Metro Area.
Wages and Unemployment: These go hand in
hand. Is employment going up and are wages
keeping up?. If we look to unemployment rates, we
see over all about a 4.5% across the metro as
of January 2017 vs about 4.9% for the US as a
whole. The median household income in Kansas
City grew 6 percent between 2014 and 2015
according to the recent census data. Adjusted for
MAREI.ORG |   14
inflation, our metro median income grew from
$57,062 to $60,502. January 2017 was about 4.9%
for the US as a whole. The median household
income in Kansas City grew 6 percent between
2014 and 2015 according to the recent census
data. Adjusted for inflation, our metro median
income grew from $57,062 to $60,502.
One area of the metro that was lacking in jobs in
jobs was and still is our urban core. We just don't
see a lot of industrial, offices, retail or services in
our urban core. But we do have an excellent
highway system for those with cars, an adequate
bus system for those that do not to get the people
to the jobs Downtown and in the Suburbs. And the
new starter Street car line is expected to grow and
slowly but surely we are seeing redevelopment and
job growth on the edges of our urban core.
Overall the Kansas City Metro has a rising
population and is growing, it has a very diverse job
market to keep the economy balanced with no big
swings. Overall folks are sticking around and even
moving to the metro for jobs as our cost of living is
so reasonable, our commutes to work are easy and
wages are competitive.
The next factor most investors look at are
regulatory factors that affect the hard to control
numbers when you look at the profitability of the
rental property. Things like property tax rates,
property insurance rates, licensing fees, landlord
tenant law when it comes to eviction for example
and over all how the local cities view and treat
landlords.
You can look at all the real estate taxes and
insurance rates and find them reasonable. As with
any location the more services the metro offers, the
higher the taxes. In general taxes are going to be
higher in Johnson County and Lee’s Summit and
lowest in the urban cores. Conversely the safer
area and the newer the housing stock, the lower
your insurance rates.
Evictions: In the Kansas City Metro we find that the
Landlord Tenant law is very similar on both sides.
Although an eviction is going to take you just a bit
longer in Kansas. And overall, it might cost you on
somewhere around $500 or less. Just be sure
when you do need to evict someone you are
working with an attorney that specializes in
eviction so they know the right judge and court to
file in and because the bigger firms tend to get
cases in front of the judge faster.
Foreclosure Laws: Fot really a big factor for
landlords, but please note that MO foreclosures
take a little over 3 months, KS a bit longer and in KS
there are redemption rights of 3 months to a year.
Local Rules: We seem to have more registration
and licensing of rental houses on the Kansas Side
and more regulation of the construction trade. The
Missouri side seems poised to catch up. Be sure to
ask about licensing and registration when you buy.
Overall the Kansas City Metro is a great place for
your investment dollars. But as with any metro, you
will want to evaluate the individual markets within
the metro and look at all the same factors
discussed in this artcile and also things like
neighborhood safety, quality of schools, access to
transportation, proximity to shopping and
recreation, all factors that will affect the desirability
of your rental property or your flip property.
We know you will want to dig into the data, so we
have created a special page just for you that can be
found at www.MAREI.org/WhyKansasCity, we have
posted all the resources we have used to create
this report.
KANSAS CITY |   15
INDUSTRY
American
Century
Investments
Plaza
Bernstein-Rein
Advertising
Firm
Downtown
Black & Veatch
Engineering
Power & Water
Overland Park
Burns &
McDonnell
Engineering
Kansas City, MO
Busnell
Corporation
Optics
Overland Park
Cerner
Corporation
Health
Information
Technology
Chevy Malibu
Manufactured
Here
Northland
Dawn
Dish Soap
Made Here
Kansas City, KS
YOU KNOW
MAREI.ORG |   18
Ford Escape &
F150 Made
Here
Northland
Garmin
GPS
Technology
Lenexa, KS
Hallmark
Downtown
Hostess
BrandsHostess
Brands
Kansas City, MO
Russell
Stover
Downtown
Sprint
Cell Phones
Overland Park
Knorr & Lipton
Soups & Mixes
Made Here
Independence
YRC
World Wide
Overland Park
KANSAS CITY |   19
OTHER
KANSAS CITY METRO REAL ESTATE
Apartment Complexes: A look back at 2016 saw
vacancy rates hit historic lows at around 4.8%.
With the economy improving from the great
recession, many Millennials who has been stuck
living with family and friends continued moving
out and seeking urban living as they have all
found jobs. This demand has seen not only a
demand for housing in rentals and sales, but
huge demand for rental property across the
metro.
This demand for rental property has pushed rent
rates in the multi-family sector up by 3% in 2016
and saw over 3,000 new units added to the
market across the metro. And in South Kansas
City as the Cerner Development at Three Trails
continues as well as Development along the I-49
corridor to the south, demand for Class C Rentals
across the southern area has grown.Apartment
Complexes.
Rents averaged about $925 a month in Cass A
properties and around $675 a month in Class b
and C. Rents were the highest near the Country
Club Plaza with averages around $1,140 and then
next in Downtown and South Kansas City with
rents in both locations over $1,000 a month.
The predictions for 2017 show that Rents are still
at an all-time high and should remain stable.
Construction that is currently started should be
completed over 2017 and 2018, but the experts
don’t expect a lot of new development to start as
we may need a couple of years to absorb all the
new projects that came online.
Office Market: The Kansas City Office Market
had a strong 2016 with Vacancy rates down to
about 9.6%, Adsorption Rates Up, Construction
Flat and Rental Rates Up with Average Asking
Rents at $17.80 per square foot. Much of the
office market activity focused around the South
Kansas City Missouri and south Johnson County
Kansas markets. We often see companies
swapping states as new incentive packages get
tossed at them to move.
Retail Market:The Retail Vacancy rate in the
Metro KC market increased to 6.3% during the
fourth quarter of 2016, and the overall market has
tightened. The average quoted rental rate stood
at $12.89/SF, up from last year. With decreasing
vacancy rates, and substantial net adsorption and
increasing rental rates, the metro Kansas City
retail market is well-positioned going into 2017.
MAREI.ORG |   20
Creating Wealth with Apartment/Commercial Buildings
Home Study Course and 4-Day Boot Camp
BTW, Anthony is the only instructor in the industry that I’m aware of that offers a ‘Double Your Money Back
Guarantee’!! If at the end of his 4-Day Boot Camp you don’t believe he gave you more than your money’s worth,
he’ll give you DOUBLE your money back!!
Here’s a synopsis of some of the awesome information you’ll learn during this information packed 4-Day training
with no one else coming in to sell you their products or classes:
• Overview – Advantages and Disadvantages of Apartment/Commercial investing, differences between Apts. and
SFH’s, Key Terms investors need to understand and practice exercises to teach and reinforce key calculations
everyone must know about Apts.
• Locating – In addition to the usual places to find deals, you’ll learn the not so usual techniques I use to find deals
that others don’t teach. I’ll show you over 16 places to find properties that you may not have known about before.
• Quick Analysis – You’ll learn how to analyze a property in 5-10 minutes, not 5-10 hours or 5-10 days.
• Making an Offer – You’ll learn how to make an offer that will catch the Seller’s attention and how to package that
offer for maximum effectiveness
• Financing – You’ll learn current financing strategies such as; traditional 20-25% down programs as well as little to
no money down techniques including Master Lease Options and Wrap Mortgages. Over 13 strategies in all.
• Due-Diligence – You’ll spend hours learning what documents to ask for from the seller, how to analyze them to
avoid getting screwed by the seller, along with how to properly inspect the actual property to make sure you’re not
inheriting the seller’s problems.
• Negotiations – Learn techniques and strategies to get what you need from Sellers with roll-play exercises right in
the class.
• Closing – You’ll learn what to look for and expect at the closing table. The hard part should be done by the time
you get here. Now is the time to make sure the details of the contract & loan have been followed so that the Deed
and DOT or Mortgage are recorded correctly.
• Other Bonus Topics – Depending on the current market situation and available time in the class, you’ll learn more
about Timing The RE Market and/or Property Management. I even invite some of my students to come back to the
event to teach you about their own deals. You’ll also learn from my successes and my mistakes so you go into your
own deals with your eyes wide open.
Get Your Home Study And Attend the Next Boot Camp
In Kansas City June 1, 2, 3 & 4 at MAREI
Only $1195 for Online Home Study
Details at www.MAREI.org
KANSAS CITY |   21
MARKET UPDTATE march 2017
3,132
homes sold
1.1% Increase over 2016
65
average days on
market
12.2 % Decrease from 2016
96.4% of asking price
0.6% Increase over 2016
$17k
$16,825 average
sale price
increase from
same time last
year (8.4%)
4,257pending sales
4.0% Increase over 2016
6,748houses for sale
21.9% decrease
2.1 month supply
average: $217,014
median: $180,000
Closed Sales decreased 0.7 percent for existing homes but increased 19.0 percent for new
homes. Pending Sales increased 5.8 percent for existing homes but decreased 9.5 percent for
new homes. Inventory decreased 28.4 percent for existing homes but increased 9.1 percent
for new homes. The Median Sales Price was up 6.7 percent to $167,500 for existing homes but
decreased 0.3 percent to $323,950 for new homes. Days on Market decreased 17.4 percent
for existing homes but increased 5.6 percent for new homes. Supply decreased 30.8 percent
for existing homes and 1.9 percent for new homes.
The U.S. economy has improved for several quarters in a row, which has helped wage growth
and retail consumption increase in year-over-year comparisons. Couple that with an
unemployment rate that has been holding steady or dropping both nationally and in many
localities, and consumer confidence is on the rise. As the economy improves, home sales tend
to go up. It isn't much more complex than that right now. Rising mortgage rates could slow
growth eventually, but rate increases should be thought of as little more than a byproduct of a
stronger economy and stronger demand.
For further detail see http://www.kcrar.com/statistics
AUCTION.COM
Foreclosure Properties
Auction.com
ACCURATE
TITLE
A Full Service Title Company
David Green
www.AccurateTitleCo.com
913-338-0100
ALPHA
TITLE
Full Service Title Company
Patsy Archer
www.AlphaTitleLLC.net
913-498-8999
BRIDGE TURN KEY
INVESTMENTS
Kansas City Based Turn Key Real
Estate Company "Building Wealth
and Freedom Through Real Estate
Nathan Brooks
www.BridgeTurnKey.com
913-276-4114
ANDERSON &
ASSOCIATES
Law Firm
Julie Anderson
www.MOKCLawcom
816-931-2207 / 913-262-2207
CONTINENTAL
TITLE
A Full Service TitleCompany
Sharon Bower
www.CTitle.com
913-338-3232
Build Your Team
MAREI.org
CLICK ON
VISIT
business
associates
With MAREI Business Members
Save time and money by starting with service providers who already
know your business. Who can solve problems as they arise to help you
get the deal completed on time and for maximum profit.
MAREI.ORG |   24
HEARTH
MASTERS
Chimney & Fireplace Restoration
Mage & Gene Padgitt
www.ChimKC.com
816-461-3665
HOME RENTAL
SERVICES
Kansas City Property Management
Sandy Fisher or Paul Branton
www.Home4Rent.com
913-469-6633
CROSSROADS
INVESTMENT
LENDING
Investor Lending
Britton Asbell and Doug Harris
www.KCLend.com
913-766-2900
DISCOVER
HVAC
Heating & Airconditioning
Complete System for $2785
www.DiscoverHVAC.net
816-500-2900
HOME
DEPOT
2% Rebate on all Purchases
Christine Putman
PRO Account Rep 816-377-9534
Sharon Beck
PPO Account Rep 913-313-8912
EAGLE HOME
MORTGAGE
Beth Langston, Loan Officer
https://bethlangston.eaglehm.com
Office:  816-600-4170
Cell:  816-679-4000
11 CAPITAL
FINANCE
Ryan O'Mara
www.11CapitalFinance.com/MAREI
INVESTORS
CHOICE FUNDING
The Flexible Funding Solution
L. Scott Ficinus
www.InvestorsChoiceFunding.com
816-668-7223
GREEN HOME
SOLUTIONS
Soulutions for Mold and Odor,
Naturally
Terry Amerine & Erich Amerine
www.GHSofKC.com
1.800.SOLUTIONS
JAMIESON
HOME TEAM
Realtor & Property Management
Kevin Jamieson
www.KevinJamieson.YourKWAgent.com
913-384-8331
KANSAS CITY |   25
MERCHANTS
MORTGAGE
Real Estate Finance Company
Susan Aubin
www.MerchantsMtg.com
720-554-9480
NATIONAL
REIA U
Online Training
Professional Housing Provider
Credits
www.NationalREIAU.com 
KC CABINET
COLLECTION
Cabinet Source
Mark Yanda
www.CarriageHouseCabiinet.com
913-980-4260
KC GROUT
WORKS
DJ Hoffman
www.KCGroutWorks.com
816-448-5579
MIDATLANTIC
IRA
Self Directed IRAs & Tax Strategies
David Lang
www.MidAtlanticIRA.com
800-607-0145 Main Office
Cell 816-590-6345
KC
INVEST
Investment Property Seller
Kim Tucker
www.KCInvest.com
913-735-0018
KCMO HOME
BUYER
Property Buyer
Don Tucker
www.kcmoHomeBuyer.com
816-200-2198
NULOOK
CUSTOM
FINISHES
Don't Replace Refinish
www.NuLookFinishes.net
913-385-2574
MCKINNNIS
REAL ESTATE
Turn Key Provider
Nick McKinnis
www.McKinnisRealEstateInvestments.com
816-914-2614
OFFICE DEPOT
OFFICE MAX
Offering Discounts in store and
online for members of MAREI.
 Discount information can be
found in the Member Benefits
Guide and the Member Library
MAREI.ORG |   26
REALTY
RESOURCE
And Realty Resource LOZ
Real Estate Brokerage
Scott Tucker
www.RealtyResourceKC.com
816-406-0701
RENTALS.COM
Advertise Your Rental Properties
Discounts for Members
www.Rentals.com
PAT
LIVE
Professionally Answered
Telephones
Free Trial & Discounts
www.MAREI.org/PatLive
PRIDE
PROPERTIES
Real Estate Professionals
Marcus and Matt Bray
www.PrideProperties.com
913-213-5370
RENT PERFECT
Tenant Screening, Leases & Insurance
www.RentPerfect.com
Disount subscription to member of
MAREI.  Deiscount link in the MAREI
Member Benefit Guide.
REALEFLOW
Real Estate Investor Platform
Marketing, Management, Deal
Flow
www.MAREI.org/Realeflow
REAL ESTATE
INVESTING
TODAY
Real Estate News from National REIA.
www.RealEstateInvestingToday.com
ROYAL GATE
MANAGEMENT
Ryan Goyer
www.RoyalGateManagement.com
913-735-3279
REAL
PROTECT
Insurance for Investors
Brought to you by National REIA
www.RealProtect.com
1-800-579-0652
YOUR LISTING
POSTED HERE
Become a business member today,
only $499 annually.
KANSAS CITY |   27
WinVestor's
Hosted by Brian & Michelle Winberry
Wednesday Mornings at 9 am
Lucky Brewgrill
5401 Johnson Drive, Mission
1st Saturdays
Hosted by Jim & Beth Kasper
1st Saturday of the Month 9 am
Networking Coffee / Denny's
9001 Shawnee Mission Pkwy, Mission
Landlords of Johnson County
First Wednesday of the Month
Matt Ross Community Center
8101 Marty, Overland Park, KS
Cass County Landlords
3rd Tuesday of the Month
Carnegie Village
103 Bernard Drive, Belton
Landlord Inc of KCK
3rd Tuesday of the Month
Loan Star Steak House
1501 Village West, KCK
Blue Springs Real Estate Investors
3rd Thursday of the Month
Perkins 
3939 S Bolger, Rd, Independence
Landlords Inc.
4th Tuesday of the Month
Central United Methodist Church
5144 Oak Street, KCMO
Landlords of EJC
4th Thursday of the Month
Allen's Banquet Hall
11330 E Truman Rd
Independence, MO
Jackson County Real Estate Investors
Last Wednesday of the Month
4 West Monroe Street
Buckner, Missouri
MAY MTGFROM OTHER GROUPS >
M A R E I . O R G / C A L E N D A R
THE CALENDAR
See full day 
workshop
page 5
REHABBING IN KC
BONUS DAY
APARTMENT INVESTING
“Why not take the time and energy you’re putting into finding,
negotiating, and buying a single family home and buy a 10 unit
instead? Or a 50 unit?”  Join us to learn how to get started investing
in Aparments in Kansas City even if you have never done a single
deal.   Instructor Anthony Chara is holding 1 of his 4 day bootcamps
in Kansas City.  
 Kansas Ciity Bootcamp in the KC Metro on Thursday, Friday,
Saturday and Sunday, June 1, 2, 3, & 4th. You can purchase as part of
his Apartment Investing Package offered at MAREI - see
MAREI.org/AptBC for complete details.
Whether you are wholesaling a house, rehabbing a house or buying a
house to hold you need to know and understand a few basic building
and permitting rules that can save you $1000's if you know about them 
in advance or can cost you big if you miss them in the analysis.
At the May 9th MAREI meeting, General Contractor, Rehabber, 
and Real Estate Investor Robert Massey is joing us to go over
the Top Ten Screw Ups Investors Make when they 
invest in a property.
This is a must attend for landlords and rehabbers, 
wholesalers and anyone who ever intends to own a 
property.  See MAREI.org for more details.
MARKETING IN KCJUNE MTG
We all want more deals and right now in KC finding a hot deal on MLS
or online is tough.  So we need to find a way to get the motivated
sellers to call us and that does not happen without marketing.
At the June 12th MAREI meeting, the nation's leading expert on
direct mail and other marketing tactics for real estate investors,
Kathey Kennebrook, will be joining us to teach us her top
Marketing Strategies. that drives in motivated sellers by the
herds begging her to buy their properties.
This is a must attend for anyone wanting to get a good deal.
Remember monthly meetings are from 6 to 9pm at the Holiday Inn at 8787 Reeder Road,
Overland Park, KS. Netorking from 6 to 7, Presentation 7 to 9pm. MAREI Members & First Time
Guests who Pre-Register at MAREI.org attend free - all others py $25 at the door or $15 online.
MAREI.ORG |   28
REHABBING
MISTAKES
BEFORECLOSING
I T E M S T O B E C O M P L E T E D
B E F O R E Y O U C L O S E
The most often overlooked steps when buying a
house to rehab happen before an investor
buyer closes on the property.
Inspections:  If you know what you are looking
at when you inspect a house, that's great.  But if
you are not an expert or if you are buying from
afar, getting an expert to inspect the property is
worth every penny of the $350 to $450 you
might spend to find out there is a $10,000 or
worse repair you did not anticipate.
Structural:  If there are possible issues with the
foundation or other structural items, spend the
extra money and get the opinion of a structural
engineer.  It's much easier to sell a structurally
repaired house if you have the engineer report
to back up the repairs.
Previous Repairs; If you note that the home has
additions or other updates and repairs that
require a permit and inspections, check with
the city to make sure the permits were pulled
and the inspections passed.  If you find the
seller failed to obtain needed permits, you
might have to go back and get them, or worse
yet, totally start over on the repair or addition by
tearing out the work.
Insurance:  A few days before closing, order
insurance for your property so that you have 
the proper coverage in place for you as the
buyer and your lender if there is one.  Make sure
you also have the property type of insurance to
cover your either vacant property or your rental
property.  Remember regular home owner
insurance is not going to cover rentals and
neither will cover vacant property.
Utilities:  Don't skimp to save a few dollars.  If
you are going to make money on this property
you need to get it up and running and you and
your conractors cannot do that with out the
utlities turned on.
Contractors:  Have your contractor ready to go.
 While you are waiting to close, find a way to get
your contractor into the home if at all possible
so you can have your contractor start any
repairs needed on day 1.
Up to this point the mistakes listed have all
came from various TV Guru shows.  The next
one is all Missouri.
Notice of Intent to Sell:  This is a Missouri
requirement that if a home is to be sold and
repairs have been made that the seller must
have recorded a notice of intent to sell 45 days
prior to closing.  So if you plan to sell this house
in the next 45 days on, be sure to file your notice
of intent to sell when you file your closing docs.
KANSAS CITY |   29
CASE
STUDIES
SAMPLE
PROPERTIES
MAREI.ORG |   30
INQUIRE TODAY!
913-735-0018
KCINVEST
Scott Tucker
kcInvest.com
Office:  913-735-0018
Cell:  816-284-7844
Email:  Scott@KCInvest.com
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$86,500
$40,000
4/2
1440
$87.85
1964
2 - 1 Car Gar
Duplex
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$20,400
$1,755
$1,000 est
$1,020
$2,040
$14,585
11.53%
1.24%
5 NE Eastridge, Lees Summit, MO
Fixer Upper Duplex in HOT location with ARV of around $130k to $160 depending on repairs. Rent $850 side.
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$100,000
$5,000
3 / 2
1352
$77.66
1960
2 Car Garage
Ranch
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio
$13,200
$1,940
$1,200
$570
$1,140
$8,350
8.35%
1.1%
10917 Elmwood, Kansas City, MO
Great South KC Location, easy Hwy Access Rents about $1,200 month, minimal repairs to rent.
SOLD FAST!!
Our Properties
MOVE FAST!
Get on Our
List at
KCInvest.com
INQUIRE TODAY!
816-284-7844
REALTY RESOURCE
Scott Tucker
RealtyResourceKC.com
Office:  816-406-0701
Cell:  816-284-7844
Email:  STucker319@gmail.com
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$75,000
$20,000
6 / 5
3448
$27.55
1925
8 off Street
5 Plex
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$27,000 est
$102
$600 est
$1,350
$2,700
$22,248
23.42%
2.3%
109 Saratoga, Excelsior Springs, MO
Currently Vacant. Owner Previously Renovated & Had Rented. Will Need some Updates & Make Ready.
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$60,000
$20,000
5 / 4
2120
$37.74
1920
8 off Street
4 Plex
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio
$21,600 est
$81
$600 est
$1,080
$2,160
$17,679
22.09 %
2.25%
121 Saratoga, Excelsior Springs, MO
Currently Vacant. Owner Previously Renovated & Had Rented. Will Need some Updates & Make Ready.
MAREI.ORG |   32
INQUIRE TODAY!
816-226-7272
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$45,000
NONE
2 / 1
936
$48.08
1955
1 Car Garage
Ranch on Crawl
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint:
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$8,700
$423
$600
$435
$870
$6,372
14.16%
1.61 %
7401 E 112th St, Kansas City, MO
Rented Ruskin Area Property. Updated Interior, plumbing, wiring and newere HVAC.
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$36,000
None
3 / 1.5
1,248
$28.84
1928
Off Street
Bungalow
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint:
Property Mgmt:
Cash Flow:
Net ROI
Rent / Value Ratio:
$9,000
$455
$650
$450
$900
$6,545
18.18%
2.08%
5232 Woodland Ave, Kansas City, MO
Market Renter on a 12 month lease at $750 a month. East of University of Missouri Kansas City.
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$48,500
None
2 / 1
836
$58.01
1940
Off Street
Bungalow
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$8700 est
$606
$600 est
$435
$870
$6,189
12.76%
1.49%
10530 E 14th ST, Independence, MO
Currently Vacant. Renovated Independence Ranch - Rent estimated at $725 Monthly.
RENTED
RENTED
INQUIRE TODAY!
816-914-2614
MCKINNIS REAL ESTATE
Nick McKinnis
McKinnisRealEstateInvestment.com
Office:  816-914-2614
Email:  Nick@McKinnisRealEstateInvestments.com
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$100,000
None
3 / 1
1032
$96.89
1955
2 Car Garage
Ranch
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint:
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$13,200
$1483
$1,100 est
$660
$1,320
$8,637
8.67%
1.11%
11301 E 44th St, Kansas City, MO
Turn-Key renovated home. Raytown Area with a Kansas City Address to attract KCMO Employees.
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$110,000
None
3 / 2.5
1369
$80.35
1959
1 Car Garage
Ranch
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$14,400
$1,447
$1,200 est
$720
$1,440
$9,593
8.72%
1.01%
4601 E Red Bridge Road, Kansas City, MO
Currently Vacant. Owner Previously Renovated & Had Rented. Will Need some Updates & Make Ready.
MAREI.ORG |   34
Great South KC Location, easy Hwy Access Rents about $1,200 month, minimal repairs to rent.
INQUIRE TODAY!
816-799-6435
STAUFFER PROPERTIES
Tim Stauffer
StaufferProperties.com
Office:  816-799-6435
Email:  StaufferProperties@yahoo.com
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$102,500
None
3 / 2.5
1204
$85.13
1958
1 Car Gar
Ranch
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio:
$12,600
$1,137
$1,000 est
$510
$1,260
8,693
8.48%
1.02%
10114 White Ave, Kansas City, MO
Renovated and listed for rent at $1,050 on Zillow. Great South Kansas City Location
Purchase Price:
Renovation:
Bed / Bath:
Size: (sq ft)
Price/Sq foot:
Year Built:
Parking:
Style:
$102,500
None
4 / 2
1900
$53.94
1955
1 Car Garage
S / S Split
Rental Income:
Property Tax:
Insurance:
Vacancy / Maint
Property Mgmt:
Cash Flow:
Net ROI:
Rent/Value Ratio
$14,400
$1,183
$1,200
$770
$1,440
$9,807
9.57%
1.26
10210 Drury, Kansas City, MO
BEFORE REHAB
TURN
KEY
Property
BEFORE REHAB
KANSAS CITY |   35
EXPAND YOUR
BUSINESS
WITH MAREI
40,000
professionals
National REIA 540MAREIMembers
4 m e m b e r b e n e f i t s
designed to promote
c o m m u n i t y
N E T W O R K I N G : E D U C A T I O N
A D V O C A C Y : C H A R I T Y
5Key Investing Areas
for members to share knowledge
Rental : Rehab : Wholesale : Notes : Creative
35+local and national
service providers
many with discounts
PROFESSIONAL
housing provider
CERTIFICATION
$750Average Member
S A V I N G S
$500 Average Home Depot Rebate
$100 Average Saving Office Depot
$100 Saving on 5 Training Events
$50 Savings on Other Benefits
People / Networking Priceless
Deal Connections Priceless
JOIN TODAY
m e m b e r s h i p
$99 Annually
marei.org

More Related Content

What's hot (12)

SPRING PROPERTY SELLING month-in-review-september-2018-residential
SPRING PROPERTY SELLING  month-in-review-september-2018-residentialSPRING PROPERTY SELLING  month-in-review-september-2018-residential
SPRING PROPERTY SELLING month-in-review-september-2018-residential
 
lennar 2001 AR
lennar  2001 ARlennar  2001 AR
lennar 2001 AR
 
Net Lease Property For Sale
Net Lease Property For SaleNet Lease Property For Sale
Net Lease Property For Sale
 
The RE Investment News - July 2017
The RE Investment News - July 2017The RE Investment News - July 2017
The RE Investment News - July 2017
 
Month in review_april_2016_residential
Month in review_april_2016_residentialMonth in review_april_2016_residential
Month in review_april_2016_residential
 
Jamba_FresnoBizJournal 1.6.17
Jamba_FresnoBizJournal 1.6.17Jamba_FresnoBizJournal 1.6.17
Jamba_FresnoBizJournal 1.6.17
 
December 2016 Realtor Report
December 2016 Realtor ReportDecember 2016 Realtor Report
December 2016 Realtor Report
 
RE Investment News: July 2018
RE Investment News:  July 2018RE Investment News:  July 2018
RE Investment News: July 2018
 
Amid Long Island City Boom, Retail Growth Lags
Amid Long Island City Boom, Retail Growth LagsAmid Long Island City Boom, Retail Growth Lags
Amid Long Island City Boom, Retail Growth Lags
 
Disney Springs April 2014
Disney Springs April 2014Disney Springs April 2014
Disney Springs April 2014
 
Dg portfolio om rev5 2014 04-10
Dg portfolio om rev5 2014 04-10Dg portfolio om rev5 2014 04-10
Dg portfolio om rev5 2014 04-10
 
Blockbustermarketingmix
BlockbustermarketingmixBlockbustermarketingmix
Blockbustermarketingmix
 

Similar to RE Investment News - May 2017

Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...
Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...
Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...dhbwashingtondc
 
Real Estate Investment Guide - Waveland, Mississippi
Real Estate Investment Guide - Waveland, MississippiReal Estate Investment Guide - Waveland, Mississippi
Real Estate Investment Guide - Waveland, MississippiMarco Santarelli
 
Navigating California's Real Estate Market
Navigating California's Real Estate MarketNavigating California's Real Estate Market
Navigating California's Real Estate MarketKen Meyer
 
ODU EV Williams Real Estate Center Market Review
ODU EV Williams Real Estate Center Market ReviewODU EV Williams Real Estate Center Market Review
ODU EV Williams Real Estate Center Market ReviewLarry Colorito MAI
 
LOS_2Q2015_MarketNews
LOS_2Q2015_MarketNewsLOS_2Q2015_MarketNews
LOS_2Q2015_MarketNewsMark Dodson
 
Passive Real Estate Investing in Multifamily
Passive Real Estate Investing in MultifamilyPassive Real Estate Investing in Multifamily
Passive Real Estate Investing in MultifamilyAnthony Crecco
 
Opportunity zones window of opportunity
Opportunity zones   window of opportunityOpportunity zones   window of opportunity
Opportunity zones window of opportunityChristian Dillstrom
 
Santa Cruz County Housing: Building For A Sustainable Future
Santa Cruz County Housing: Building For A Sustainable FutureSanta Cruz County Housing: Building For A Sustainable Future
Santa Cruz County Housing: Building For A Sustainable FutureLiz Kroft
 
PKWY_May_June2016-full.compressed
PKWY_May_June2016-full.compressedPKWY_May_June2016-full.compressed
PKWY_May_June2016-full.compressedCathy Mogler
 
BankNews Media Article
BankNews Media ArticleBankNews Media Article
BankNews Media ArticleRandy Baker
 
FinalWG NewsletterOCT:16
FinalWG NewsletterOCT:16FinalWG NewsletterOCT:16
FinalWG NewsletterOCT:16Tracy Drissell
 
Coldwell Banker Commercial 2016 Year-End Blue Book
Coldwell Banker Commercial 2016 Year-End Blue BookColdwell Banker Commercial 2016 Year-End Blue Book
Coldwell Banker Commercial 2016 Year-End Blue BookColdwell Banker Commercial
 

Similar to RE Investment News - May 2017 (20)

KANSAS CITY INVESTMENT PROPERTIES
KANSAS CITY INVESTMENT PROPERTIESKANSAS CITY INVESTMENT PROPERTIES
KANSAS CITY INVESTMENT PROPERTIES
 
Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...
Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...
Dependable Homebuyers Now Offers Seller Financing Sale Option in Ocean City, ...
 
Real Estate Investment Guide - Waveland, Mississippi
Real Estate Investment Guide - Waveland, MississippiReal Estate Investment Guide - Waveland, Mississippi
Real Estate Investment Guide - Waveland, Mississippi
 
Navigating California's Real Estate Market
Navigating California's Real Estate MarketNavigating California's Real Estate Market
Navigating California's Real Estate Market
 
0191_MadisonNeighbors_OCT16
0191_MadisonNeighbors_OCT160191_MadisonNeighbors_OCT16
0191_MadisonNeighbors_OCT16
 
ODU EV Williams Real Estate Center Market Review
ODU EV Williams Real Estate Center Market ReviewODU EV Williams Real Estate Center Market Review
ODU EV Williams Real Estate Center Market Review
 
LOS_2Q2015_MarketNews
LOS_2Q2015_MarketNewsLOS_2Q2015_MarketNews
LOS_2Q2015_MarketNews
 
33015_Beasley_Spring2015_
33015_Beasley_Spring2015_33015_Beasley_Spring2015_
33015_Beasley_Spring2015_
 
Passive Real Estate Investing in Multifamily
Passive Real Estate Investing in MultifamilyPassive Real Estate Investing in Multifamily
Passive Real Estate Investing in Multifamily
 
Re investment news november 2017
Re investment news november 2017Re investment news november 2017
Re investment news november 2017
 
RE Investment News: February 2018
RE Investment News:  February 2018RE Investment News:  February 2018
RE Investment News: February 2018
 
Radcliff apartments investor summary 2020 11 10
Radcliff apartments investor summary 2020 11 10Radcliff apartments investor summary 2020 11 10
Radcliff apartments investor summary 2020 11 10
 
Opportunity zones window of opportunity
Opportunity zones   window of opportunityOpportunity zones   window of opportunity
Opportunity zones window of opportunity
 
Santa Cruz County Housing: Building For A Sustainable Future
Santa Cruz County Housing: Building For A Sustainable FutureSanta Cruz County Housing: Building For A Sustainable Future
Santa Cruz County Housing: Building For A Sustainable Future
 
PKWY_May_June2016-full.compressed
PKWY_May_June2016-full.compressedPKWY_May_June2016-full.compressed
PKWY_May_June2016-full.compressed
 
BankNews Media Article
BankNews Media ArticleBankNews Media Article
BankNews Media Article
 
FinalWG NewsletterOCT:16
FinalWG NewsletterOCT:16FinalWG NewsletterOCT:16
FinalWG NewsletterOCT:16
 
GraceAndrews2
GraceAndrews2GraceAndrews2
GraceAndrews2
 
Coldwell Banker Commercial 2016 Year-End Blue Book
Coldwell Banker Commercial 2016 Year-End Blue BookColdwell Banker Commercial 2016 Year-End Blue Book
Coldwell Banker Commercial 2016 Year-End Blue Book
 
Month in-review-march-2017-residential
Month in-review-march-2017-residentialMonth in-review-march-2017-residential
Month in-review-march-2017-residential
 

More from Mid-America Association of Real Estate Investors

More from Mid-America Association of Real Estate Investors (20)

Re investment news december 2018
Re investment news   december 2018Re investment news   december 2018
Re investment news december 2018
 
RE Investment News: September 2018
RE Investment News:  September 2018RE Investment News:  September 2018
RE Investment News: September 2018
 
RE Investment News - October 2018
RE Investment News - October 2018RE Investment News - October 2018
RE Investment News - October 2018
 
The RE Investment News: August 2018
The RE Investment News:  August 2018The RE Investment News:  August 2018
The RE Investment News: August 2018
 
RE Investment News: June 2018
RE Investment News:  June 2018RE Investment News:  June 2018
RE Investment News: June 2018
 
Re investment news march 2018
Re investment news   march 2018Re investment news   march 2018
Re investment news march 2018
 
January 2018 RE Investment News
January 2018 RE Investment NewsJanuary 2018 RE Investment News
January 2018 RE Investment News
 
The RE Investment News - December 2017
The RE Investment News - December 2017The RE Investment News - December 2017
The RE Investment News - December 2017
 
Re investment news october 2017
Re investment news   october 2017Re investment news   october 2017
Re investment news october 2017
 
Re Investment News august 2017
Re Investment News   august 2017Re Investment News   august 2017
Re Investment News august 2017
 
RE Investment News june 2017
RE Investment News   june 2017 RE Investment News   june 2017
RE Investment News june 2017
 
Re investment news april 2017
Re investment news   april 2017Re investment news   april 2017
Re investment news april 2017
 
Re investment news sept 2016 - to web
Re investment news  sept 2016 - to webRe investment news  sept 2016 - to web
Re investment news sept 2016 - to web
 
Re investment news oct 2016 - for web
Re investment news  oct 2016 - for webRe investment news  oct 2016 - for web
Re investment news oct 2016 - for web
 
All Networking - Official Program
All Networking - Official ProgramAll Networking - Official Program
All Networking - Official Program
 
RE Investment News June 2016
RE Investment News June 2016RE Investment News June 2016
RE Investment News June 2016
 
Re investment news April 2016
Re investment news April 2016Re investment news April 2016
Re investment news April 2016
 
The Investment News - June 2015
The Investment News - June 2015The Investment News - June 2015
The Investment News - June 2015
 
The RE Investment News : March 2015
The RE Investment News :  March 2015The RE Investment News :  March 2015
The RE Investment News : March 2015
 
The Investment News - November 2014
The Investment News - November 2014The Investment News - November 2014
The Investment News - November 2014
 

Recently uploaded

Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In DelhiLow Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhiasmaqueen5
 
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhidelhimodel235
 
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In DelhiCall Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhiasmaqueen5
 
Purva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfPurva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfpritika141199
 
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time TogetherShapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Togetheraidasheikh47
 
Kohinoor Hinjewadi Phase 2 Pune E-Brochure.pdf
Kohinoor Hinjewadi Phase 2 Pune  E-Brochure.pdfKohinoor Hinjewadi Phase 2 Pune  E-Brochure.pdf
Kohinoor Hinjewadi Phase 2 Pune E-Brochure.pdfManishSaxena95
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhidelhimodel235
 
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTurbo Tenant
 
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️soniya singh
 
Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...
Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...
Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...ApartmentWala1
 
3D Architectural Rendering Company by Panoram CGI
3D Architectural Rendering Company by Panoram CGI3D Architectural Rendering Company by Panoram CGI
3D Architectural Rendering Company by Panoram CGIPanoram CGI
 
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial VenturesM3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial Venturessheltercareglobal
 
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your NeedsKohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needsaidasheikh47
 
Premium Villa Projects in Sarjapur Road Bengaluru
Premium Villa Projects in Sarjapur Road BengaluruPremium Villa Projects in Sarjapur Road Bengaluru
Premium Villa Projects in Sarjapur Road BengaluruShivaSeo3
 
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️soniya singh
 
Girls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCR
Girls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCRGirls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCR
Girls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCRasmaqueen5
 
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhidelhimodel235
 
Kolte Patil Kharadi Pune E Brochure.pdf
Kolte Patil Kharadi Pune E  Brochure.pdfKolte Patil Kharadi Pune E  Brochure.pdf
Kolte Patil Kharadi Pune E Brochure.pdfabbu831446
 
Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024VickyAulakh1
 
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, NoidaM3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, Noidasarak0han45400
 

Recently uploaded (20)

Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In DelhiLow Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
 
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
 
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In DelhiCall Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
Call Girls In Mayur Vihar Delhi ☆↫8447779280 ❤Escorts Service In Delhi
 
Purva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfPurva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdf
 
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time TogetherShapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
 
Kohinoor Hinjewadi Phase 2 Pune E-Brochure.pdf
Kohinoor Hinjewadi Phase 2 Pune  E-Brochure.pdfKohinoor Hinjewadi Phase 2 Pune  E-Brochure.pdf
Kohinoor Hinjewadi Phase 2 Pune E-Brochure.pdf
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
 
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
 
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
call girls in ganesh nagar Delhi 8264348440 ✅ call girls ❤️
 
Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...
Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...
Best Deal Virtual Space in Satya The Hive Tata Zudio 750 Sqft 1.89 Cr All inc...
 
3D Architectural Rendering Company by Panoram CGI
3D Architectural Rendering Company by Panoram CGI3D Architectural Rendering Company by Panoram CGI
3D Architectural Rendering Company by Panoram CGI
 
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial VenturesM3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
 
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your NeedsKohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
Kohinoor Flats In Hinjewadi Phase 2 | Homes Built To Suit Your Needs
 
Premium Villa Projects in Sarjapur Road Bengaluru
Premium Villa Projects in Sarjapur Road BengaluruPremium Villa Projects in Sarjapur Road Bengaluru
Premium Villa Projects in Sarjapur Road Bengaluru
 
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
Call Girls in shastri nagar Delhi 8264348440 ✅ call girls ❤️
 
Girls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCR
Girls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCRGirls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCR
Girls in Kalyanpuri }Delhi↫8447779280↬Escort Service. In Delhi NCR
 
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
 
Kolte Patil Kharadi Pune E Brochure.pdf
Kolte Patil Kharadi Pune E  Brochure.pdfKolte Patil Kharadi Pune E  Brochure.pdf
Kolte Patil Kharadi Pune E Brochure.pdf
 
Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024
 
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, NoidaM3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
 

RE Investment News - May 2017

  • 1. investGREATER KANSAS CITY METRO AREA SINGLE FAMILY REAL ESTATE LIVING KC METRO THE MAP KANSAS CITY INDUSTRY IN KC LEARN THE MAJOR AREAS OF THE METRO WHY LIVE OR INVEST IN KC MANY COMPANIES YOU KNOW
  • 2. *Accounts must be registered/enrolled through the website above to receive rebate credit. Registration instructions to follow. **Rebate payments follows outlined in enrollment guide. $1000 will be paid with The Home Depot Gift Cards. *** - gift cards are provided to participants by NREIA not Home Depot **Exclusions Apply. We reserve the right to limit quantities to the amount reasonable for our regular customers. In the event of an error, we will make every reasonable effort to accommodate our customers. Details on any product warranty available at store. See contract for guarantee details. ©2017 Homer TLC, Inc. All rights reserved. Join the FREE Pro Xtra Program to receive: • 2% semi-annual rebate* • Exclusive Pro-only savings including 20% off paints, stains, and primers** • Volume Pricing on large orders across the store • Dedicated national support team • Bulk pricing discounts on thousands of items • Flexible credit options with no annual fee • Exclusive appliance program with custom catalog for MAREI members Sign up instructions in MAREI Member Benefit Guide.
  • 3. contents 2017 Sample Properties starting Page 30 Case Studies Major Businesses A brief look at Multi-Family Industry 18 Other Sectors 20 Why Kansas City Building Your Team Living 12 Service Providers 24 The Major Areas The Map 4 Cover and Photo to the left from VisitKC.com
  • 4.
  • 5. North of the river from downtown Kansas City, Clay County is one of the fast growing regions in the metro area.  Typically referred to as the Northland.  Here you will find not only the metros major amusement parks Worlds and Oceans of fund, but also the Ford Assembly Plant were they buld the F150 and the Chevy Plant where they build the Malibu. CLAY COUNTY The second most poplous county in Missouri and is the metro area's center of population.  Home to THE "Kansas City" Missouri, the city most refer when they say "Kansas City".  We can break Jackson County Down into Kansas City on the west side and then eastern Jackson County. Kansas City Missouri is made of of the Northland  in Clay County, Downtown on the west just south of the river and including the Plaza, Historic North East or the North End, Midtown with Hyde Park, Brookside and Waldo, our long neglected Urban Core and last South Kansas City that blends in the the parts of the Grandview Communities. Eastern Jackson County is made up of Independence, Raytown, Blue Springs and Lee's Summit.  Independence and Raytown are going to be your blue collar areas along with parts of Blue Springs and Lee's Summit and other areas of Raytowns are going to be Suburbs as the come with newer communities and better schools. JACKSON COUNTY theMap With just 3 cities, Kansas City (Kansas), Bonner Springs and Edwardsville.  Has a broad economic base in transportation, manufacturing, government and tourism.  Home to numerous tourist destinations including NASCAR races, world class soccer, detination shopping at Village West plus the University of Kansas Hospital. WYANDOTTE COUNTY The major metro suburb of the metro.  Nationally recognized for supurb schools and shopping.  One of the most prosperous suburban areas in the US. A healthy business climate, strong quality of life, outstanding education system and abundant job opportunities continue to attract newcomers and keep residents from leaving.   JOHNSON COUNTY NorthoftheMissouriRiveralongInterstate29and hometotheKansasCityInternationalAirport.  Scatteredthroughoutareofficeparks,industrialparks, shoppingcentersandhotels. Becuasethe communitiesarespreadoutandmanymaintaintheir smalltownfeel,youcangetawayfromthecityto spendadayinParkvilleorWestonandfeelyouhave steppedgoneonvacation. PLATTE COUNTY KANSAS CITY |   05
  • 6. An Insurance Company for Real Estate Professionals Designed specifically for the 1—4 family dwelling real estate investor. Reduce your insurance costs and properly manage your risk. We are the experts in insuring real estate investors and understand the real estate business and what investors like you look for and need in a comprehensive insurance program. For Rental Property, Rental Unit Insurance, General Liablity. Visit RealProtect.com "It was a chore to switch over as it would be with any company, but we found we would be using the same insurance company, cheaper monthly premiums, lower deductibles, and in many cases a higher coverage on the property. " Stacy Bichelmeyer, Archway Homes
  • 7. ACCORDING TO WIKIPEDIA, A NEWS ARTICLE DISCUSSES CURRENT OR RECENT NEWS OF EITHER GENERAL INTEREST (I.E. DAILY NEWSPAPERS) OR OF A SPECIFIC TOPIC (I.E. POLITICAL OR TRADE NEWS MAGAZINES, CLUB NEWSLETTERS, OR TECHNOLOGY NEWS WEBSITES).
  • 8. REGIONS MAREI.ORG |   08 South Kansas City is an area that runs along I-49 (formerly known as 71 Highway) from just south of 85th Street in Kansas City Missouri South to the Belton Raymore exit. This area is booming with major development over the past 5 to 10 years and is continuing to grow. The opening of the Honeywell Federal Manufacturing Plant to the south end of this area has a 10 year plan of continued growth and new jobs. The Cerner Corporations Three Trails Campus at the former Bannister Mall Site is growing not only jobs for the Health Care industry, but more jobs in the hotels and shops planned for the region. In addition there has been a large phenomenon in the Grandview area of South KC called IHOP - the International House of Prayer that started revitalization of vacant commercial buildings and their university brought in a lot of new tenants and parents buying houses for their children. Of late we have also seen major money spent in Grandview of redevelopment of shopping centers. Mid-Town, made up of the Plaza Area, Hyde Park, Westport, Brookside and Waldo are also booming. the old stately houses have been snapped up for years by folks who want to restore them to their former glory. There are also smaller houses for rentals as well as small, medium and large multi family. These areas are close to all the in places downtown and have easy highway access to anywhere in the metro area. The Urban Core is also always a place where a lot of out of state investment dollars are spent, however this area is not for the novice investor. This area does have good pockets and a lot of blighted areas. Of late there has been a major influx of investment and redevelopment ike at 27th Street and Troost where new aparments and grocer are planned or a few of the targeted areas, which still leaves large portions of the urban core forgotten and neglected. Due Dilligence and a good team area must to invest in this area of KC.
  • 9. Downtown Kansas City has a few up an comming neighborhoods like Columbus Park, the River Market and the Crossroads mixed in among the old and the new commercial buildings. The redevelopment of Union Station many years ago sparked new buildings from the Postal Service the Kansas City Star and our Performing Arts Building. Plus everywhere you look are cranes and construction of new aparments and redevelopment of old buildings into lofts. KU Med Area is the University of Kansas Medical Center, which is actually in Kansas, however it sits right on the state line and offers opportunities in both Kansas City Kansas and in Kansas City Missouri. While this area offers great opportunity for rentals for medical students and staff, it also offers an opportunity for a totally new way of investing, short term and nightly. Short Term and Nighly Rentals have seen an increase in both our Downtown, Mid-Town and KU Med areas as people are looking for a place to stay during a sporting event at the Sprint Center like the recent Basketball Championships and all the World Series Games a few years ago. Around the Med Center, visiting Doctors and Instructors or families wanting to be near patients are also filling up short term rental spaces. Northland encompases just about all areas north of the Missouri River and include North Kansas City, Gladstone and Claycomo. This area has always been a good market for rental and for flips due to not only the Ford and Chevy plants, but also due the fact that the city of Kansas City Missouri requires their employees and officials to live in the city. The portion of Kansas City that is in the northland has better schools, better amenities like grocery stores and entertainment areas, and has always atracted the city workers. These are good solid suburban working class neighborhoods that are excellent areas to not only hold for rentals but also for fix and flip. There we have it, over a page and a half, only on Kansas City Missouri, we do want to take a look at a few of the other areas. Independence, Raytown and Grandview are all south of the river and border Kansas City or in the case of Raytown, seems to split Kansas City Missouri in two. Grandview has seen a lot of growth of late as already mentioned. Independence and Raytown are older suburbs with not a whole heck of alot exciting going on, but because of their proximity to other areas they offer a good solid supporting role to the rest of the area and offers good solid rental neighborhoods. Johnson County is a whole other world where you can pretty much be assured that in the areas where homes are under $150,000 that you have good opportunity for rentals and flips. Get an area over $200,000 and you will be hard pressed to find a house to fix and flip, the competition will be fierce but if you can get the deal and make the numbers work, you will be looking at a home run. You will find that Blue Springs and Lees' Summit in Jackson County and Raymore and Belton in Cass are very similar to Johnson County, just not quite as populated. Kansas City, Kansas is quite often overlooked. We look to the KU Med Center area on the east and the Village West and Sporting Venues on the west, leaving much of the city open for opportunity. KANSAS CITY |   09
  • 10. Flexibility to shop online at business.officedepot.com and at any retail store location with your Store Purchasing Card. From furniture to cleaning and breakroom to top brand technology, we're the single source for all your business needs. Aggressive pricing on black & white copies, color copies and finishing services. Big Discounts for MAREI Members AccurateTitleCompany Your Title Partner for Real Estate Investing! Accurate Title Company has been in business for over 15 years. Working with investors on all levels has been a specialty that Accurate has embraced from day one. Accurate is licensed in MO and KS ans with unparalleled customer service and quick turn-around times, Accurate Title can handle the quick close transactions Accurate Title Company Accurate Title Company Overland Park, Kansas Phone 913.338.0100 Fax 913.754.0221 www.AccurateTitleCo.com Dave Green Operations Manager (913) 338-0100 DGreen@AccurateTitleCo.com
  • 11. KANSAS CITY |   09
  • 12. LIVING The Kansas City Metro, what makes it a good place to invest our money? Overall, the Kansas City Metro has considerable advantages. Low cost of living. Housing is affordable and considerable space to build more new or revitalized the old stuff. The highway system is for the most part adequate and well maintained, making commutes to and from fairly easy from anywhere in the metro. Most of our cities have good public schools, but not all, so please do your homework here. And last we have fairly low crime rates, but again, not all of our cities do. The experts tell us to dig a little bit deeper, so let’s take a look some basic real estate factors: Housing Prices: Let’s face it, many people turn to Kansas City as a place for their real estate investing dollars because the median price for a house is just around $175,000 to $180,000. Some areas of the metro are less and some are more. Add it all up and you get affordable housing, something that investors can’t necessarily find in their own back yard in some areas of the United States. Sales Statistics: Most likely the person reading this is WHYINVEST INTHE KANSAS CITYMETRO Photos from VisitKC.com. Above after Royals win the World Series at Union Station. Below tailgating at Arrowhead and Game day at Sprint Center. MAREI.ORG |   12
  • 13. considering Kansas City as a market for a long term buy and hold. They are buying to get cash flow now, cash flow in the future, but at some point the property will need to be sold. Hopefully that sale will be a long time down the road, but what if circumstances change and the house needs to be sold? You need to be in a market where you can get a reasonable sale price on the home. Review sales stats to find that, for the most, there are part no huge upswings or downswings in price. Even in the Great Recession, most neighborhoods did not see huge price losses, on a whole they held their value. Yes, the overall median price did drop, but that was a factor of the bank foreclosures on the market and less of a factor of the average home and rehabbed home dropping in price. Next we are told to spend some time reviewing trends in month supply of inventory, time on market and asking price vs sales price. Vacancy Rates: Finding the rental vacancy rate in the Kansas City Metro is a bit tough as it’s not something easily measured or even reported. Fannie Mae reports the Vacancy Rate was declining to 4.75% as of Q1 2016. An April 2015 report from HUD shows an estimated vacancy rate of 7.5% which was a marked improvement from the 11.7% in 2010. So, while these numbers may not be entirely accurate, we do see our vacancy rates are getting smaller and much less than the US average of 6.9% for Q4 of 2016. Here in Kansas City we really don’t have to look at the statistics, just drive around and see all the apartment houses being built across the metro, from the down town, to the urban core, to the suburbs. Time on Market: In the Kansas City metro the time on the market overall has not changed much over the past year. In March 0f 2016 days on market was 69 for existing homes and this year it 57, note those numbers dip even lower in our peak selling months of June and July. For new homes, we see similar numbers of 125 days on market last March and 132 this March and the low of 90s in December and January, the two worst months for building houses in the Kansas City Metro. This all adds up to an average of 1.8 months supply of existing homes available in Kansas City and a 5.3 months supply for new homes. With only a 1.8 month supply of houses the investor in Kansas City needs to work hard to find the great deals and have the cash ready to go to buy fast. This seems to be the trend all over the country. Rent-to-Value Ratio: The experts tell us that as a general rule monthly rents should be at least 1% of the property value. If you buy a property for $250,000, your rent needs to be at minimum $2,500 a month. If we look at the metro’s overall Median price on Existing Homes of $167,500 of all houses and Zillow’s reported rent of $1249, we see that we are pretty close to that 1%. And if we were to eliminate the high end, non-rental houses we would see numbers similar to these three bedroom houses that are listed for sale, do a bit of negotiating and rent for a bit more than average rent and you are well over that 1%: Area Price Rent Ratio Gladstone $124,000 $1,130 0.91 % Raytown $ 70,000 $ 950 1.35% Blue Springs $119,900 $1,150 0.95% Waldo Area $119,500 $1,050 0.87% Urban Core $ 59,900 $ 800 1.33% Ratio of Owner Occupied to Rental Properties: One expert that was consulted in the writing of this article would have you believe that the higher number of rental units to owner occupied house would be a good thing. However, you need a good balance. If you are in an area where all the houses are owner KANSAS CITY |   13
  • 14. occupied, well that is either because it is against the home owner association covenants, in which case you could not offer a house for rent in that area anyway. You will find that newer suburban areas with home owner associations fit this example. Conversely if you are in an area where almost every house is either a rental house or vacant, will be able to keep it rented? You may find that the pride of ownership in the overall area is less, they will attract a lower quality of tenant, and you may struggle to keep the property cash flowing and because every house is either a rental or vacant, no one really seems to care when the house next door gets vandalized. Houses in this type of area are much harder to manage, the cash flow numbers look amazing on paper, but don’t typically factor in the vandalism number. This is our urban core areas. And while you can make good money in these areas, you need to have a stellar property manager to keep them full and cash flowing. Instead look for an area that has a good mix of owner occupied houses and rental houses. This is going to be in our older suburban areas, like Gladstone, Raytown, Independence, South Kansas City, Midtown and older areas of Overland Park and other Johnson County KS neighborhoods or in multi-family communities where everyone is a renter. From just a Real Estate Analysis look, the Kansas City Metro seems to make sense financially, houses are affordable, they will cash flow and if you must sell them, you can. Next, you should research the economic factors, the factors that the people living in the community review before moving to a city. Population: What is the population of the area and is it getting bigger or is it getting smaller? You can dig deep into US Census Bureau data on population growth in the Kansas City Metro area and find that overall, the population in the Suburbs on both the Kansas and the Missouri Side have been growing since the beginning of time, we see no contractions. However, if we look at just Kansas City Missouri, the old part of the city where it all started, that the population was rising ever so slightly till about 1970 and then it started decliningsharply for about 15 years as everyone fled to the suburbs from the downtown and urban core areas. Then in about 1985 it leveled off and about 1995 it started going back up as the old downtown buildings were revitalized and some of the Midtown areas started to see the big houses being restored back to their original stately beauty from the multi-family housing they had been chopped up into back earlier in the century. Economy: Is the economy diverse or does it depend on just one industry, like for example Detroit? In the Kansas City metro you will find that we have a lot of industry. Being in the middle of the country we have transportation and distribution jobs. Being in the Midwest, gives us farming and agricultural jobs. Kansas City is home to a Ford Plant, a Chevy Plant and a Harley Plant. Being a healthcare and technology hub, Kansas City has even been dubbed the Silicon Prairie. A quick Google search will tell you that trade, transportation and utilities are our biggest employers in the region. Government is second followed by professional and business services. No matter what type of job a person desires, they can probably find it here in the Kansas City Metro Area. Wages and Unemployment: These go hand in hand. Is employment going up and are wages keeping up?. If we look to unemployment rates, we see over all about a 4.5% across the metro as of January 2017 vs about 4.9% for the US as a whole. The median household income in Kansas City grew 6 percent between 2014 and 2015 according to the recent census data. Adjusted for MAREI.ORG |   14
  • 15. inflation, our metro median income grew from $57,062 to $60,502. January 2017 was about 4.9% for the US as a whole. The median household income in Kansas City grew 6 percent between 2014 and 2015 according to the recent census data. Adjusted for inflation, our metro median income grew from $57,062 to $60,502. One area of the metro that was lacking in jobs in jobs was and still is our urban core. We just don't see a lot of industrial, offices, retail or services in our urban core. But we do have an excellent highway system for those with cars, an adequate bus system for those that do not to get the people to the jobs Downtown and in the Suburbs. And the new starter Street car line is expected to grow and slowly but surely we are seeing redevelopment and job growth on the edges of our urban core. Overall the Kansas City Metro has a rising population and is growing, it has a very diverse job market to keep the economy balanced with no big swings. Overall folks are sticking around and even moving to the metro for jobs as our cost of living is so reasonable, our commutes to work are easy and wages are competitive. The next factor most investors look at are regulatory factors that affect the hard to control numbers when you look at the profitability of the rental property. Things like property tax rates, property insurance rates, licensing fees, landlord tenant law when it comes to eviction for example and over all how the local cities view and treat landlords. You can look at all the real estate taxes and insurance rates and find them reasonable. As with any location the more services the metro offers, the higher the taxes. In general taxes are going to be higher in Johnson County and Lee’s Summit and lowest in the urban cores. Conversely the safer area and the newer the housing stock, the lower your insurance rates. Evictions: In the Kansas City Metro we find that the Landlord Tenant law is very similar on both sides. Although an eviction is going to take you just a bit longer in Kansas. And overall, it might cost you on somewhere around $500 or less. Just be sure when you do need to evict someone you are working with an attorney that specializes in eviction so they know the right judge and court to file in and because the bigger firms tend to get cases in front of the judge faster. Foreclosure Laws: Fot really a big factor for landlords, but please note that MO foreclosures take a little over 3 months, KS a bit longer and in KS there are redemption rights of 3 months to a year. Local Rules: We seem to have more registration and licensing of rental houses on the Kansas Side and more regulation of the construction trade. The Missouri side seems poised to catch up. Be sure to ask about licensing and registration when you buy. Overall the Kansas City Metro is a great place for your investment dollars. But as with any metro, you will want to evaluate the individual markets within the metro and look at all the same factors discussed in this artcile and also things like neighborhood safety, quality of schools, access to transportation, proximity to shopping and recreation, all factors that will affect the desirability of your rental property or your flip property. We know you will want to dig into the data, so we have created a special page just for you that can be found at www.MAREI.org/WhyKansasCity, we have posted all the resources we have used to create this report. KANSAS CITY |   15
  • 16.
  • 17.
  • 18. INDUSTRY American Century Investments Plaza Bernstein-Rein Advertising Firm Downtown Black & Veatch Engineering Power & Water Overland Park Burns & McDonnell Engineering Kansas City, MO Busnell Corporation Optics Overland Park Cerner Corporation Health Information Technology Chevy Malibu Manufactured Here Northland Dawn Dish Soap Made Here Kansas City, KS YOU KNOW MAREI.ORG |   18
  • 19. Ford Escape & F150 Made Here Northland Garmin GPS Technology Lenexa, KS Hallmark Downtown Hostess BrandsHostess Brands Kansas City, MO Russell Stover Downtown Sprint Cell Phones Overland Park Knorr & Lipton Soups & Mixes Made Here Independence YRC World Wide Overland Park KANSAS CITY |   19
  • 20. OTHER KANSAS CITY METRO REAL ESTATE Apartment Complexes: A look back at 2016 saw vacancy rates hit historic lows at around 4.8%. With the economy improving from the great recession, many Millennials who has been stuck living with family and friends continued moving out and seeking urban living as they have all found jobs. This demand has seen not only a demand for housing in rentals and sales, but huge demand for rental property across the metro. This demand for rental property has pushed rent rates in the multi-family sector up by 3% in 2016 and saw over 3,000 new units added to the market across the metro. And in South Kansas City as the Cerner Development at Three Trails continues as well as Development along the I-49 corridor to the south, demand for Class C Rentals across the southern area has grown.Apartment Complexes. Rents averaged about $925 a month in Cass A properties and around $675 a month in Class b and C. Rents were the highest near the Country Club Plaza with averages around $1,140 and then next in Downtown and South Kansas City with rents in both locations over $1,000 a month. The predictions for 2017 show that Rents are still at an all-time high and should remain stable. Construction that is currently started should be completed over 2017 and 2018, but the experts don’t expect a lot of new development to start as we may need a couple of years to absorb all the new projects that came online. Office Market: The Kansas City Office Market had a strong 2016 with Vacancy rates down to about 9.6%, Adsorption Rates Up, Construction Flat and Rental Rates Up with Average Asking Rents at $17.80 per square foot. Much of the office market activity focused around the South Kansas City Missouri and south Johnson County Kansas markets. We often see companies swapping states as new incentive packages get tossed at them to move. Retail Market:The Retail Vacancy rate in the Metro KC market increased to 6.3% during the fourth quarter of 2016, and the overall market has tightened. The average quoted rental rate stood at $12.89/SF, up from last year. With decreasing vacancy rates, and substantial net adsorption and increasing rental rates, the metro Kansas City retail market is well-positioned going into 2017. MAREI.ORG |   20
  • 21. Creating Wealth with Apartment/Commercial Buildings Home Study Course and 4-Day Boot Camp BTW, Anthony is the only instructor in the industry that I’m aware of that offers a ‘Double Your Money Back Guarantee’!! If at the end of his 4-Day Boot Camp you don’t believe he gave you more than your money’s worth, he’ll give you DOUBLE your money back!! Here’s a synopsis of some of the awesome information you’ll learn during this information packed 4-Day training with no one else coming in to sell you their products or classes: • Overview – Advantages and Disadvantages of Apartment/Commercial investing, differences between Apts. and SFH’s, Key Terms investors need to understand and practice exercises to teach and reinforce key calculations everyone must know about Apts. • Locating – In addition to the usual places to find deals, you’ll learn the not so usual techniques I use to find deals that others don’t teach. I’ll show you over 16 places to find properties that you may not have known about before. • Quick Analysis – You’ll learn how to analyze a property in 5-10 minutes, not 5-10 hours or 5-10 days. • Making an Offer – You’ll learn how to make an offer that will catch the Seller’s attention and how to package that offer for maximum effectiveness • Financing – You’ll learn current financing strategies such as; traditional 20-25% down programs as well as little to no money down techniques including Master Lease Options and Wrap Mortgages. Over 13 strategies in all. • Due-Diligence – You’ll spend hours learning what documents to ask for from the seller, how to analyze them to avoid getting screwed by the seller, along with how to properly inspect the actual property to make sure you’re not inheriting the seller’s problems. • Negotiations – Learn techniques and strategies to get what you need from Sellers with roll-play exercises right in the class. • Closing – You’ll learn what to look for and expect at the closing table. The hard part should be done by the time you get here. Now is the time to make sure the details of the contract & loan have been followed so that the Deed and DOT or Mortgage are recorded correctly. • Other Bonus Topics – Depending on the current market situation and available time in the class, you’ll learn more about Timing The RE Market and/or Property Management. I even invite some of my students to come back to the event to teach you about their own deals. You’ll also learn from my successes and my mistakes so you go into your own deals with your eyes wide open. Get Your Home Study And Attend the Next Boot Camp In Kansas City June 1, 2, 3 & 4 at MAREI Only $1195 for Online Home Study Details at www.MAREI.org KANSAS CITY |   21
  • 22. MARKET UPDTATE march 2017 3,132 homes sold 1.1% Increase over 2016 65 average days on market 12.2 % Decrease from 2016 96.4% of asking price 0.6% Increase over 2016 $17k $16,825 average sale price increase from same time last year (8.4%) 4,257pending sales 4.0% Increase over 2016 6,748houses for sale 21.9% decrease 2.1 month supply average: $217,014 median: $180,000 Closed Sales decreased 0.7 percent for existing homes but increased 19.0 percent for new homes. Pending Sales increased 5.8 percent for existing homes but decreased 9.5 percent for new homes. Inventory decreased 28.4 percent for existing homes but increased 9.1 percent for new homes. The Median Sales Price was up 6.7 percent to $167,500 for existing homes but decreased 0.3 percent to $323,950 for new homes. Days on Market decreased 17.4 percent for existing homes but increased 5.6 percent for new homes. Supply decreased 30.8 percent for existing homes and 1.9 percent for new homes. The U.S. economy has improved for several quarters in a row, which has helped wage growth and retail consumption increase in year-over-year comparisons. Couple that with an unemployment rate that has been holding steady or dropping both nationally and in many localities, and consumer confidence is on the rise. As the economy improves, home sales tend to go up. It isn't much more complex than that right now. Rising mortgage rates could slow growth eventually, but rate increases should be thought of as little more than a byproduct of a stronger economy and stronger demand. For further detail see http://www.kcrar.com/statistics
  • 23.
  • 24. AUCTION.COM Foreclosure Properties Auction.com ACCURATE TITLE A Full Service Title Company David Green www.AccurateTitleCo.com 913-338-0100 ALPHA TITLE Full Service Title Company Patsy Archer www.AlphaTitleLLC.net 913-498-8999 BRIDGE TURN KEY INVESTMENTS Kansas City Based Turn Key Real Estate Company "Building Wealth and Freedom Through Real Estate Nathan Brooks www.BridgeTurnKey.com 913-276-4114 ANDERSON & ASSOCIATES Law Firm Julie Anderson www.MOKCLawcom 816-931-2207 / 913-262-2207 CONTINENTAL TITLE A Full Service TitleCompany Sharon Bower www.CTitle.com 913-338-3232 Build Your Team MAREI.org CLICK ON VISIT business associates With MAREI Business Members Save time and money by starting with service providers who already know your business. Who can solve problems as they arise to help you get the deal completed on time and for maximum profit. MAREI.ORG |   24
  • 25. HEARTH MASTERS Chimney & Fireplace Restoration Mage & Gene Padgitt www.ChimKC.com 816-461-3665 HOME RENTAL SERVICES Kansas City Property Management Sandy Fisher or Paul Branton www.Home4Rent.com 913-469-6633 CROSSROADS INVESTMENT LENDING Investor Lending Britton Asbell and Doug Harris www.KCLend.com 913-766-2900 DISCOVER HVAC Heating & Airconditioning Complete System for $2785 www.DiscoverHVAC.net 816-500-2900 HOME DEPOT 2% Rebate on all Purchases Christine Putman PRO Account Rep 816-377-9534 Sharon Beck PPO Account Rep 913-313-8912 EAGLE HOME MORTGAGE Beth Langston, Loan Officer https://bethlangston.eaglehm.com Office:  816-600-4170 Cell:  816-679-4000 11 CAPITAL FINANCE Ryan O'Mara www.11CapitalFinance.com/MAREI INVESTORS CHOICE FUNDING The Flexible Funding Solution L. Scott Ficinus www.InvestorsChoiceFunding.com 816-668-7223 GREEN HOME SOLUTIONS Soulutions for Mold and Odor, Naturally Terry Amerine & Erich Amerine www.GHSofKC.com 1.800.SOLUTIONS JAMIESON HOME TEAM Realtor & Property Management Kevin Jamieson www.KevinJamieson.YourKWAgent.com 913-384-8331 KANSAS CITY |   25
  • 26. MERCHANTS MORTGAGE Real Estate Finance Company Susan Aubin www.MerchantsMtg.com 720-554-9480 NATIONAL REIA U Online Training Professional Housing Provider Credits www.NationalREIAU.com  KC CABINET COLLECTION Cabinet Source Mark Yanda www.CarriageHouseCabiinet.com 913-980-4260 KC GROUT WORKS DJ Hoffman www.KCGroutWorks.com 816-448-5579 MIDATLANTIC IRA Self Directed IRAs & Tax Strategies David Lang www.MidAtlanticIRA.com 800-607-0145 Main Office Cell 816-590-6345 KC INVEST Investment Property Seller Kim Tucker www.KCInvest.com 913-735-0018 KCMO HOME BUYER Property Buyer Don Tucker www.kcmoHomeBuyer.com 816-200-2198 NULOOK CUSTOM FINISHES Don't Replace Refinish www.NuLookFinishes.net 913-385-2574 MCKINNNIS REAL ESTATE Turn Key Provider Nick McKinnis www.McKinnisRealEstateInvestments.com 816-914-2614 OFFICE DEPOT OFFICE MAX Offering Discounts in store and online for members of MAREI.  Discount information can be found in the Member Benefits Guide and the Member Library MAREI.ORG |   26
  • 27. REALTY RESOURCE And Realty Resource LOZ Real Estate Brokerage Scott Tucker www.RealtyResourceKC.com 816-406-0701 RENTALS.COM Advertise Your Rental Properties Discounts for Members www.Rentals.com PAT LIVE Professionally Answered Telephones Free Trial & Discounts www.MAREI.org/PatLive PRIDE PROPERTIES Real Estate Professionals Marcus and Matt Bray www.PrideProperties.com 913-213-5370 RENT PERFECT Tenant Screening, Leases & Insurance www.RentPerfect.com Disount subscription to member of MAREI.  Deiscount link in the MAREI Member Benefit Guide. REALEFLOW Real Estate Investor Platform Marketing, Management, Deal Flow www.MAREI.org/Realeflow REAL ESTATE INVESTING TODAY Real Estate News from National REIA. www.RealEstateInvestingToday.com ROYAL GATE MANAGEMENT Ryan Goyer www.RoyalGateManagement.com 913-735-3279 REAL PROTECT Insurance for Investors Brought to you by National REIA www.RealProtect.com 1-800-579-0652 YOUR LISTING POSTED HERE Become a business member today, only $499 annually. KANSAS CITY |   27
  • 28. WinVestor's Hosted by Brian & Michelle Winberry Wednesday Mornings at 9 am Lucky Brewgrill 5401 Johnson Drive, Mission 1st Saturdays Hosted by Jim & Beth Kasper 1st Saturday of the Month 9 am Networking Coffee / Denny's 9001 Shawnee Mission Pkwy, Mission Landlords of Johnson County First Wednesday of the Month Matt Ross Community Center 8101 Marty, Overland Park, KS Cass County Landlords 3rd Tuesday of the Month Carnegie Village 103 Bernard Drive, Belton Landlord Inc of KCK 3rd Tuesday of the Month Loan Star Steak House 1501 Village West, KCK Blue Springs Real Estate Investors 3rd Thursday of the Month Perkins  3939 S Bolger, Rd, Independence Landlords Inc. 4th Tuesday of the Month Central United Methodist Church 5144 Oak Street, KCMO Landlords of EJC 4th Thursday of the Month Allen's Banquet Hall 11330 E Truman Rd Independence, MO Jackson County Real Estate Investors Last Wednesday of the Month 4 West Monroe Street Buckner, Missouri MAY MTGFROM OTHER GROUPS > M A R E I . O R G / C A L E N D A R THE CALENDAR See full day  workshop page 5 REHABBING IN KC BONUS DAY APARTMENT INVESTING “Why not take the time and energy you’re putting into finding, negotiating, and buying a single family home and buy a 10 unit instead? Or a 50 unit?”  Join us to learn how to get started investing in Aparments in Kansas City even if you have never done a single deal.   Instructor Anthony Chara is holding 1 of his 4 day bootcamps in Kansas City.    Kansas Ciity Bootcamp in the KC Metro on Thursday, Friday, Saturday and Sunday, June 1, 2, 3, & 4th. You can purchase as part of his Apartment Investing Package offered at MAREI - see MAREI.org/AptBC for complete details. Whether you are wholesaling a house, rehabbing a house or buying a house to hold you need to know and understand a few basic building and permitting rules that can save you $1000's if you know about them  in advance or can cost you big if you miss them in the analysis. At the May 9th MAREI meeting, General Contractor, Rehabber,  and Real Estate Investor Robert Massey is joing us to go over the Top Ten Screw Ups Investors Make when they  invest in a property. This is a must attend for landlords and rehabbers,  wholesalers and anyone who ever intends to own a  property.  See MAREI.org for more details. MARKETING IN KCJUNE MTG We all want more deals and right now in KC finding a hot deal on MLS or online is tough.  So we need to find a way to get the motivated sellers to call us and that does not happen without marketing. At the June 12th MAREI meeting, the nation's leading expert on direct mail and other marketing tactics for real estate investors, Kathey Kennebrook, will be joining us to teach us her top Marketing Strategies. that drives in motivated sellers by the herds begging her to buy their properties. This is a must attend for anyone wanting to get a good deal. Remember monthly meetings are from 6 to 9pm at the Holiday Inn at 8787 Reeder Road, Overland Park, KS. Netorking from 6 to 7, Presentation 7 to 9pm. MAREI Members & First Time Guests who Pre-Register at MAREI.org attend free - all others py $25 at the door or $15 online. MAREI.ORG |   28
  • 29. REHABBING MISTAKES BEFORECLOSING I T E M S T O B E C O M P L E T E D B E F O R E Y O U C L O S E The most often overlooked steps when buying a house to rehab happen before an investor buyer closes on the property. Inspections:  If you know what you are looking at when you inspect a house, that's great.  But if you are not an expert or if you are buying from afar, getting an expert to inspect the property is worth every penny of the $350 to $450 you might spend to find out there is a $10,000 or worse repair you did not anticipate. Structural:  If there are possible issues with the foundation or other structural items, spend the extra money and get the opinion of a structural engineer.  It's much easier to sell a structurally repaired house if you have the engineer report to back up the repairs. Previous Repairs; If you note that the home has additions or other updates and repairs that require a permit and inspections, check with the city to make sure the permits were pulled and the inspections passed.  If you find the seller failed to obtain needed permits, you might have to go back and get them, or worse yet, totally start over on the repair or addition by tearing out the work. Insurance:  A few days before closing, order insurance for your property so that you have  the proper coverage in place for you as the buyer and your lender if there is one.  Make sure you also have the property type of insurance to cover your either vacant property or your rental property.  Remember regular home owner insurance is not going to cover rentals and neither will cover vacant property. Utilities:  Don't skimp to save a few dollars.  If you are going to make money on this property you need to get it up and running and you and your conractors cannot do that with out the utlities turned on. Contractors:  Have your contractor ready to go.  While you are waiting to close, find a way to get your contractor into the home if at all possible so you can have your contractor start any repairs needed on day 1. Up to this point the mistakes listed have all came from various TV Guru shows.  The next one is all Missouri. Notice of Intent to Sell:  This is a Missouri requirement that if a home is to be sold and repairs have been made that the seller must have recorded a notice of intent to sell 45 days prior to closing.  So if you plan to sell this house in the next 45 days on, be sure to file your notice of intent to sell when you file your closing docs. KANSAS CITY |   29
  • 31. INQUIRE TODAY! 913-735-0018 KCINVEST Scott Tucker kcInvest.com Office:  913-735-0018 Cell:  816-284-7844 Email:  Scott@KCInvest.com Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $86,500 $40,000 4/2 1440 $87.85 1964 2 - 1 Car Gar Duplex Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $20,400 $1,755 $1,000 est $1,020 $2,040 $14,585 11.53% 1.24% 5 NE Eastridge, Lees Summit, MO Fixer Upper Duplex in HOT location with ARV of around $130k to $160 depending on repairs. Rent $850 side. Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $100,000 $5,000 3 / 2 1352 $77.66 1960 2 Car Garage Ranch Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio $13,200 $1,940 $1,200 $570 $1,140 $8,350 8.35% 1.1% 10917 Elmwood, Kansas City, MO Great South KC Location, easy Hwy Access Rents about $1,200 month, minimal repairs to rent. SOLD FAST!! Our Properties MOVE FAST! Get on Our List at KCInvest.com
  • 32. INQUIRE TODAY! 816-284-7844 REALTY RESOURCE Scott Tucker RealtyResourceKC.com Office:  816-406-0701 Cell:  816-284-7844 Email:  STucker319@gmail.com Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $75,000 $20,000 6 / 5 3448 $27.55 1925 8 off Street 5 Plex Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $27,000 est $102 $600 est $1,350 $2,700 $22,248 23.42% 2.3% 109 Saratoga, Excelsior Springs, MO Currently Vacant. Owner Previously Renovated & Had Rented. Will Need some Updates & Make Ready. Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $60,000 $20,000 5 / 4 2120 $37.74 1920 8 off Street 4 Plex Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio $21,600 est $81 $600 est $1,080 $2,160 $17,679 22.09 % 2.25% 121 Saratoga, Excelsior Springs, MO Currently Vacant. Owner Previously Renovated & Had Rented. Will Need some Updates & Make Ready. MAREI.ORG |   32
  • 33. INQUIRE TODAY! 816-226-7272 Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $45,000 NONE 2 / 1 936 $48.08 1955 1 Car Garage Ranch on Crawl Rental Income: Property Tax: Insurance: Vacancy / Maint: Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $8,700 $423 $600 $435 $870 $6,372 14.16% 1.61 % 7401 E 112th St, Kansas City, MO Rented Ruskin Area Property. Updated Interior, plumbing, wiring and newere HVAC. Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $36,000 None 3 / 1.5 1,248 $28.84 1928 Off Street Bungalow Rental Income: Property Tax: Insurance: Vacancy / Maint: Property Mgmt: Cash Flow: Net ROI Rent / Value Ratio: $9,000 $455 $650 $450 $900 $6,545 18.18% 2.08% 5232 Woodland Ave, Kansas City, MO Market Renter on a 12 month lease at $750 a month. East of University of Missouri Kansas City. Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $48,500 None 2 / 1 836 $58.01 1940 Off Street Bungalow Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $8700 est $606 $600 est $435 $870 $6,189 12.76% 1.49% 10530 E 14th ST, Independence, MO Currently Vacant. Renovated Independence Ranch - Rent estimated at $725 Monthly. RENTED RENTED
  • 34. INQUIRE TODAY! 816-914-2614 MCKINNIS REAL ESTATE Nick McKinnis McKinnisRealEstateInvestment.com Office:  816-914-2614 Email:  Nick@McKinnisRealEstateInvestments.com Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $100,000 None 3 / 1 1032 $96.89 1955 2 Car Garage Ranch Rental Income: Property Tax: Insurance: Vacancy / Maint: Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $13,200 $1483 $1,100 est $660 $1,320 $8,637 8.67% 1.11% 11301 E 44th St, Kansas City, MO Turn-Key renovated home. Raytown Area with a Kansas City Address to attract KCMO Employees. Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $110,000 None 3 / 2.5 1369 $80.35 1959 1 Car Garage Ranch Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $14,400 $1,447 $1,200 est $720 $1,440 $9,593 8.72% 1.01% 4601 E Red Bridge Road, Kansas City, MO Currently Vacant. Owner Previously Renovated & Had Rented. Will Need some Updates & Make Ready. MAREI.ORG |   34
  • 35. Great South KC Location, easy Hwy Access Rents about $1,200 month, minimal repairs to rent. INQUIRE TODAY! 816-799-6435 STAUFFER PROPERTIES Tim Stauffer StaufferProperties.com Office:  816-799-6435 Email:  StaufferProperties@yahoo.com Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $102,500 None 3 / 2.5 1204 $85.13 1958 1 Car Gar Ranch Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio: $12,600 $1,137 $1,000 est $510 $1,260 8,693 8.48% 1.02% 10114 White Ave, Kansas City, MO Renovated and listed for rent at $1,050 on Zillow. Great South Kansas City Location Purchase Price: Renovation: Bed / Bath: Size: (sq ft) Price/Sq foot: Year Built: Parking: Style: $102,500 None 4 / 2 1900 $53.94 1955 1 Car Garage S / S Split Rental Income: Property Tax: Insurance: Vacancy / Maint Property Mgmt: Cash Flow: Net ROI: Rent/Value Ratio $14,400 $1,183 $1,200 $770 $1,440 $9,807 9.57% 1.26 10210 Drury, Kansas City, MO BEFORE REHAB TURN KEY Property BEFORE REHAB KANSAS CITY |   35
  • 36. EXPAND YOUR BUSINESS WITH MAREI 40,000 professionals National REIA 540MAREIMembers 4 m e m b e r b e n e f i t s designed to promote c o m m u n i t y N E T W O R K I N G : E D U C A T I O N A D V O C A C Y : C H A R I T Y 5Key Investing Areas for members to share knowledge Rental : Rehab : Wholesale : Notes : Creative 35+local and national service providers many with discounts PROFESSIONAL housing provider CERTIFICATION $750Average Member S A V I N G S $500 Average Home Depot Rebate $100 Average Saving Office Depot $100 Saving on 5 Training Events $50 Savings on Other Benefits People / Networking Priceless Deal Connections Priceless JOIN TODAY m e m b e r s h i p $99 Annually marei.org