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MAREI wins Awards of Excellence at National REIA Mid Year for 2nd Year in a Row!

   MID-AMERICA ASSOCIATION OF                                                 REAL ESTATE INVESTORS




   Investment News                           NETWORKING : EDUCATION : COMMUNITY : GOVERNMENT
                                                                                            December 2012

                                                 10
                                             e
                                         Pag




            Happy
            Ho lidays
             Fro m the
             MAREI    Staff
CONTENTS
                                            Heading into Year 10
                                            Government officials are working
                                       6    to Change the Way Things Work.


                                            I Don’t Care
                                            Government officials are working
                                       8    to Change the Way Things Work.



                                            Housing Trends
                                            The latest trends in housing are
                                       12   changing the investing industry.



                                            Hyper Local Blogging
                                            How do we share our knowledge
                                       16   and get people to find our blog.



                                            The Investment Game
                                            Just getting started with invest-
                                            ment rentals. Do you know what
                                       18   you are doing?



                                            Every Issue
                                       10   Benefits at a Glance
                                       14   Membership
                                       20   Investment Opportunities
                                       22   December Member Training
                                       23   December Meeting
                                       24   Monthly Calendar




                                                   Web Exclusive
         @
             Check out our Website
             MAREInet.com

             Contact us by Phone                         Emerging
             913-815-0111
                                                         Trends in
             Email US
             info@MAREInet.com
                                                       Real Estate
                                                             2013
             Join The Conversation
             MAREInet.com/Blog                         MAREInet.com/
                                                               Trends2013
             Join Association
             MAREInet.com/Membership




Page 2                                               MAREInet.com
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           Exclusive to members of National REIA.


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 Investment News                                                      Page 3
     more information.
Mid-America Association of
      Real Estate Investors

     The only National REIA Chapter
         in the Tri State Region
         Serving KS, MO & NE

         Honor’s of Merritt Winner
             National REIA
                                         Contact Information
          Awards of Excellence
              2011 & 2012                PO Box 8685, Prairie Village KS, 66208

                                         Phone: 913-815-0111        Email: info@MAREInet.com
            Read Newsletter
            Online Anytime
         MAREInet.com/Newsletter         Our Mission Statement
                                         Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate
                                         investing and to protect and promote the best interest of our membership through educational
          Connect with us Online         and networking opportunities as well as community, legislative and public relations.

            LinkedIn Group:
    Kansas City Real Estate Investors    Legal Disclaimer
                                         MAREI does not exist to render and does not give legal, tax, economic or investment advice and
                                         disclaims all liability for the action or inaction taken or not as a result of communications from or
                                         to its members, officers, directors, employees and contractors. Each individual should consult
             Facebook Page:              his/her own counsel, accountant and other advisors as to legal, tax, economic, investment and
                                         related matters concerning real estate and other investments.
    Kansas City Real Estate Investing

                                         Content Disclaimer
         Facebook.com/Groups             The views and opinions expressed by authors of articles contributed to this newsletter do not
                                         necessarily reflect those of the association, the board of directors or the staff.
    Kansas City Real Estate: /kcrei/
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    MO Creative Finance Legislation

            Find us on Twitter            A 10% discount is given on ads pre-paid for 6-12 months. Any changes to a pre-paid ad will
                                          incur a minimum charge of $20. The deadline to submit ad copy is the 1st of each month. All
               @MAREInet                  ads must be prepaid. Contact to verify ad format can be accepted. PDF preferred. There is an
                                          additional charge of $25 to typeset a business card ad or 1/4 page ad layout, $60 for a 1/2
              Tweet #KCREI                page or full page lay-out. Opportunities also exist for advertising on www.MAREInet.com. Call
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Page 4                                                                                                             MAREInet.com
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Investment News                                                                                         Page 5
Heading into Year Ten!
                                                                                        Won’t you come along for
                                                                                        the 2013 ride!




 Little did we know that December of 2003 that the brand           draw to fill a training room, we will have it online.
 new company known as Mid-America Association of Real
                                                                   Here locally we are making some changes as well in re-
 Estate Investors would take off and be a major factor in the
                                                                   gards to training. We are looking at several options to
 Real Estate Investing Community in the mid-west. We
                                                                   get our local experts involved in training our new mem-
 were new and innovative then and now 9 years later, after
                                                                   bers. This allows the new members access to local, af-
 the great real estate boom and the bubble bursting we are
                                                                   fordable training so they learn the business the correct
 back in growth mode.
                                                                   way from the start. Plus by giving back, the advanced
 We have been a member of National REIA since the be-              members gain customers to their business, visibility in
 ginning and have been winning awards for the past two             the community, and the chance to perfect their skills.
 years for the tools and programs we use to connect with
                                                                   We have finally taken the step to add a 2nd monthly
 our members, educate our members, and to have our
                                                                   meeting. See later on in this issue information on our
 members take part in the community as a whole.
                                                                   very first meeting of MAREI KC North, to be held on Jan-
 So what’s on the horizon. Well in the past year we have           uary 3rd at the North Kansas City Community Center.
 stepped up the game to become a Chapter Member of Na-             This is specifically designed for our Northland Members
 tional REIA, which means we will have all the same great          but is open to everyone.
 benefits and programs we have always had, like our Sher-
                                                                   We are still working on building up our mastermind or
 win Williams and Home Depot Discounts, Monthly Meet-
                                                                   subgroups. We would like to see 2013 bring a few more
 ings, and Week-End Events. With the new Chapter Pro-
                                                                   groups that are based on geographic area, like outlying
 gram in place we will have a lot of new great exclusives.
                                                                   areas around the metro as well as Lawrence, Topeka,
 Coming in 2013 for our members, be on the look out for a          Wichita and Omaha. We would also like to add a group
 brand new mobile app just for Chapters Members of Na-             for advanced investors, a womens group, a young per-
 tional REIA from The Home Depot. This app will be a               sons group and possibly some groups based on topic.
 game changer or many Landlords and Remodelers as it               These may be short lived 2 or 3 meeting groups or they
 will store your entire list of favorite products and allow you    might meet monthly or weekly. Bring us your ideas, but
 to walk through each room on a project, take measure-             remember with new groups comes the need for new
 ments , select products and produce a bid and purchase            group leaders.
 list. This purchase list is then sent straight to the pro-desk
                                                                   As we head into our 10th year in 2013, we look forward
 to be priced out through the Volume Discount Pricing Pro-
                                                                   to working with our member community. We have a lot
 gram and for you to order and pay for on one of your ac-
                                                                   of great challenges facing us from the Political Advocacy
 counts that offers your 2% cash back. They are still in test-
                                                                   Stand Point as well as some great opportunities to con-
 ing mode, but it will be out in 2013.
                                                                   nect with our community and raise the professionalism of
 Coming in 2013 for our member, look for the new National          the real estate investing community. I really hope you
 REIA University and a new Professional Housing Provider           will enjoy 2013 at MAREI as much as we enjoy working
 Program. We have a core curriculum that all investors             with you as a member.
 should be knowledgeable to earn a Professional Housing
                                                                                                           Make it a Great Year
 Provider Designation. But to get all the classes one might
 have to work over several years to get all the topics need-                                                         Kim Tucker
 ed a live training and some of the topic might be a bit less
 that exciting. So the solution is going to be National REIA
 University. While we will still have live meetings and train-     How I did the deal will be back in January, sub-
 ing events, the online solution will fill in. So if you just       mit your deals to info@MAREInet.com. Deals
 missed the live training on a topic, you will be able to find
                                                                   selected for publication will receive a $25 credit
 that topic online and not have to wait till it comes around
 again. Also for the topics that might not be a big enough           on account to apply to trainign workshops.


Page 6                                                                                                   MAREInet.com
INSTRUCTORS WANTED
For the Following Topcis                        Landlording: Landlord Tenant Law              Purchasing: Buying REO Properties

    Appraisal Methods                          Landlording: Evictions                        Purchasing: How much to Offer

    Appraisal: Comparing Properties            Landlording: Tenant Screening                 Purchasing: Notes & Bulk Sales

    Contract Law: Basics                       Landlording: Record Keeping                   Rehabbing: Estimation On Site

    Contract Law: Must have Clause             Landlording: Maximizing Cash Flow             Rehabbing: Estimation Classroom

    Contract Law: Purchase Contracts           Landlording: Property Management              Rehabbing: Live Demonstrations

    Contract Law: Creative Financing           Marketing: For Motivated Sellers              Regulations: Lead Paint

    Finance: FHA / VA & Conventional           Marketing: Building Buyers List               Regulations: Zoning & Building Codes

    Finance: Owner Financing                   Marketing: Social Media                       Tax Law: Minimizing Taxes

    Funding: Private Lending                   Marketing: Websites                           Tax Law: 1031 Exchange

    Funding: Self Directed IRA                 Marketing: Database Management                Tax Law: Cost Segregation

    Funding: Syndication                       Negotiation: With Motivated Sellers      MAREI would like to work with local in-
                                                                                          structors on these topics to develop an
    Insurance: for Properties                  Negotiation: Short Sales                 informational article for the newsletter, a
                                                                                          30 minute webinar, and a 2 hour Live
    Insurance: Workman’s Comp                  Negotiation: Contractor Agreements
                                                                                          Workshop. If you would like to share your
    Insurance: Liability & Others              Negotiation: Buyers & Renters            expertise or know someone who would




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    Investment News                                                                                                         Page 7
I Don’t Care
          MAREI’s Political Advocacy Committee

                              Keeps You Informed!

                      MAREInet.com/Current-Issues/



As Real Estate Investors we often hear about an          sure you know what the issues are, provide you
issue in the media. Unless it directly affects your      with information to make informed decisions
personal business, we think “That’s not right, but it    about those issues, and help you share your
really does not directly affect me. So I really don’t    thoughts and decisions with the correct officials.
care.” We are here to tell you that if it affects the
                                                         To that end we have a Political Advocacy Section
real estate industry, more often than not, it will
                                                         on our website. We will send you Calls to Action
affect all Americans in some way. Housing and Real
                                                         on important issues via email and social media.
Estate Issues affect the US economy and just
                                                         Your responsibility as a member of our associa-
about everything else in some capacity.
                                                         tion is to stop and take action. Don’t stick your
Our next thought is “Ok, so it might be important,       head in the sand and wait for someone else to do
but what can I do? “ Well individually, you can’t do     something. It’s up to you to make your voice
a whole heck of a lot as an average citizen. But as      heard.
a part of a large organization you have the a much
                                                         When you do send your comments and opinions
larger impact. If we all think about how it will us,
                                                         to officials, be sure to remind them that you are a
write out our thoughts, and share them with the
                                                         citizen in their area. Next make sure they know
appropriate officials, we can collectively do some-
                                                         you are a part of our larger associations, both Mid
thing. When we as an association of Real Estate
                                                         -America Association of Real Estate Investors and
professionals band together and make our voice
                                                         National Real Estate Investor Association and any
heard, we can make changes to current laws and
                                                         other associations you may be affiliated with.
stop bad legislation or help draft legislation that is
                                                         When they see similar messages coming from all
more favorable to our industry.
                                                         of our members, they will take notice because
One of our key responsibilities here at Mid-America      credible professionals are providing them input.
Association of Real Estate Investors is to make



Page 8                                                                                    MAREInet.com
found the law to be very compli-      primary one being the fact that
       CURRENT ISSUES
                                      cated, hard to understand, and        when tenants do not pay their
Mortgage Interest Deduction           almost impossible to comply with      water bill, the city is then taking
and the Fiscal Cliff: By now          reporting requirements. Because       the bill to the Landlord. If and
you have seen the many media          of the difficulties in compliance     when the landlord starts receiv-
reports concerning the “Fiscal        and the fines and punishments         ing bills, and request the city
Cliff”. That if our legislators do    for lack of compliance, most in-      shut off water, the city is refusing
not get their own collective heads    vestors in the state of Texas         the shut off. The result being
out of the sand and start working     have stopped offering Contract        very huge water bills that contin-
together, that rules and regula-      for Deed.                             ue to grow, that end up going to
tions are going to have our econ-                                           court and judgments being
                                      Remember the proposed MO law
omy, falling over the edge of the                                           placed against the landlord or the
                                      is for all creative financing, so
fiscal cliff.                                                               p    r    o   p   e    r    t   y   .
                                      ours will also affect Lease Op-
Many of the media reports sug-        tions. So unless we as investors      We urge all of our memers who
gest changes to the policy that                                             live in the state of Missouri to
                                      speak out here in the state of
has allowed homeowners to de-         Missouri we may find ourselves        take part and watch the situation
duct mortgage interest payments                                             closely. What happens in Kansas
                                      wih a similar law, which when
from their income tax. Some re-                                             City could in turn bring about the
                                      combined with the Safe Act could
ports point to an elimination of                                            creation of a new bill in MO that
                                      severely limit and in some cases
this very valuable homeowner                                                would not allow city owned mu-
                                      halt creative finance sales to de-
deduction and others report to                                              nicipalities from billing landlords
                                      serving homeowners who may
limiting the deduction.                                                     for unpaid tenant utilities. Bills
                                      not have found any other way to
                                                                            have been introduced regarding
We urge anyone who has not yet        pursue the American Dream of
                                                                            this matter in the state of Mis-
taken action on this issue to visit   home ownership.
                                                                            souri several times over the past
our website to connect with their     Halting or further limiting the       few years, yet have not yet
proper official.                      sale of homes in the state of Mis-    passed. In taking with drafters
MO H.B. 296: Contract for             souri could hurt the very fragile     of past bills, they feel it will take
Deed Act: MO Senator Shalonn          housing recovery and economy of       efforts like those of Landlord Le-
‘Kiki’ Curls is soliciting comments   the state.                            gal Fund against the Kansas City
on a proposed bill designed to        We urge all members to review         Missouri Water Department as
reform legislation regarding Con-     the proposed legislation on our       well as ultimately having the is-
tracts for Deed as well as other      site and we urge everyone from        sue go all the way to the state
forms of creative financing. She      the state of Missouri or from         Supreme Court.
is being assisted in this legisla-    states that already have similar      We urge our Missouri members
tion being designed to protect        laws, to both comment on our          to review the issue online and
consumers from predatory prac-        site and to direct comments to        send comments on the matter
tices by Attorney Michael Duffy       the drafters of this bill.            not only to Kansas City Missouri
with MO Legal Aid.
                                      Billing Practices of the Kansas       City and Water Department Offi-
Similar laws have been enacted        City Missouri Water Depart-           cials if you live and work in Kan-
in other states and this one is       ment: Being championed by the         sas City Missouri. Plus if you are
being modeled after the law writ-     Landlord         Legal      Fund      a resident of Missouri, let your
ten a few years ago in Texas. In      (www.LandlordLegalFund.org),          state officials know your thoughts
conversations with Texas Attor-       Lanlords across Kansas City Mis-      on the matter as well.
neys and Investors, we have           souri have hired an Attorney to       See online
found that investors in that state    fight several different issues, the   MAREInet.com/current-issues



 Investment News                                                                                         Page 9
MAREI’S MEMBER BENEFITS PROGRAM
                                         YOUR MEMBER BENEFITS

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     FORMS & DOCS                          Plus 20% Discount on Paint in Kansas       The award winning newsletter for Mid-
Member Library is packed with forms          City. And coming in 2013 the New         America Association of Real Estate In-
and docs, plus 15 % discount at EZ        Home Depot App for iPad exclusively for     vestors: published monthly and distrib-
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Page 10                                                                                                MAREInet.com
Other Discounts                           Member Service


                                          We have several services as part
                                          of our website to help you grow
                                                                              MAREI’s Political Advocacy Group
                                                  your business.
                                                                              actively monitors national legisla-
                                                                                tion and rule-making that im-
                                                                              pacts the real estate industry and
                                                                              harnessing the strength of MAREI
 Nearly 70% of QuickBooks users say                                           members at the grassroots level.
that it makes their business more prof-
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 The Local Market Monitor tracks
 real estate sales and economic            sions of entire books, EBooks,
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   25% Discount for Members.



  Investment News                                                                                     Page 11
Housing Trends                                         With the increased number of cash buyers and the
                                                         increased competition the time on the market for
                  Researchers across the country are     resales has gone down, prices in most cases have
            pointing to recent housing trends that       gone up. According to CoreLogic, home prices are
                 Real Estate Professionals have been     about 5% higher over the past year. CoreLogic also
            noticing for most of the last 1/2 of 2012.   reports that all sales, both non-distressed as well as
                                                         distressed have been rising.
 The Center for Real Estate Research, part of REAL-
                                                         If you look at numbers year to year pricing has
 TOR® University funded a study conducted by
                                                         been up every month in 2012 since March. But
 Grant Ian Thrall, Ph.D., a professor at the Universi-
                                                         keep in mind prices were not extremely high to
 ty of Florida, and Thomas Springer, professor of fi-
                                                         begin with and about 20% of all sales are still dis-
 nance and real estate at Clemson University.
                                                         tressed. So while things are improving, they still
 The study found that there all-cash becoming more       have a long way to go.
 prevalent. Which investors have been seeing with
                                                         When we go from a national view to our local re-
 more cash buyers for REO and distressed sales by
                                                         gion, we see that foreclosures have almost gone
 investors as well as more cash buyers for owner
                                                         away. From RealtyTrac we see Kansas went from a
 occupied homes. Here in Kansas City we have no-
                                                         high of almost 200 foreclosure sales in June to just
 ticed this with more and more people pulling their
                                                         4 in October. Missouri had a high of almost 1200
 cash out of the stock market and investing it in real
                                                         sales in June to only 61 in October. Nebraska show
 estate. We have been seeing this both by private
                                                         several different months with total foreclosure sales
 individuals as well as large hedge funds across the
                                                         of about 120 to only 1 reported on RealtyTrac in
 nation.
                                                         October.
 With the increase in the number of cash buyers,
                                                         In a blog post from RealtyTrac, their president
 investors nationwide have seen increased competi-
                                                         Daren Blomquist tells us that banks are holding
 tion for the purchase of investment homes. This is
                                                         back REO inventory. He quotes the most recent
 creating HUGE opportunities for investors who can
                                                         quarterly 10-Q SEC filing from Fannie Mae that
 secure turn key rental housing and other turn key
                                                         found two items the show this trend.
 real estate investments for cash buyers with anx-
 ious money leaving the stock market.                    First there is a list of reasons that Fannie provides



Page 12                                                                                    MAREInet.com
that only 22 percent of it’s REO inventory is being       The may also be holding back foreclosures so there
listed for sale. Second there is a phrase found sev-      is not a massive glut of houses on the market that
eral times in the report that goes something along        would further depress prices and increase their
the lines of “Managing our REO inventory to mini-         losses. So to protect the prices of future homes
mize cost and maximize sales.” This leads industry        they plan to sell, they only let a limited supply go
insiders to believe that they are intentionally holding   through the foreclosure and sales process.
houses back from the market.
                                                          So what does this mean for us as investors. If you
So why are they holding back? Remember that a             rely on bank owned REOs for your property pur-
lender does not realize the loss on the loan, at lease    chases, you are paying more for them, if you can
from the bean counters point of view is until they        find one to purchase. Cash buyers are clamoring
sell the house at a loss. So if they don’t foreclose      for investment properties so if real estate investors
and sell the house at a loss, their books don’t show a    can find a way to supply those homes through
loss yet, allowing them to value the asset higher un-     wholesales, bulk purchases from banks, or from
til it is foreclosed. This allows them to defer report-   acquiring defaulted notes and obtaining properties
ing the loss. And what if Fannie and others like          through the workout process, then there is a large
them defer and defer and defer. Or maybe take a           opportunity for profit.
large package of defaulted loans and sell them to a
                                                          So when is a good time to invest in real estate?
hedgefund. They will then realize a loss in a differ-
                                                          Right now, is a highly lucrative time for the in-
ent part of their P & L and save money by not having
                                                          formed investor who knows how to take action.
to complete a foreclosure or work out process.




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 Investment News                                                                                          Page 13
WELCOME NEW MEMBERS
          To the premier trade association representing
             Kansas City Area Real Estate professionals
                                             MAREI continues its growth with
                                                 a total of 312 members to-date.
                                           JOIN NOW (MAREInet.com/join)



 Renewing                                              New Members
     Steve Burns: Shawnee Mission, KS (since 2005)       Sylvia Gill: Kansas City, MO

     Sandra Deoring: Blue Springs, MO (since 2009)       Thomas Gill: Kansas City, MO
     Walter Deoring: Blue Springs, MO (since 2009)       David Heiman: Lone Jack, MO
     Kathleen Fitzgerald: Mexico, MO (since 2011)        Don Hendrix: Topeka, KS
     Jason George: Oak Grove, MO (since 2011)            Barry Hudson: Independence, MO
     Dan Goodwin: Overland Park, KS (since 2005)
                                                          Sean Huang: Kansas City, MO
     Shelda Goodwin: Overland Park, KS (since 2005)
                                                          Charise King: Raytown, MO
     Lauren Hruby: Kansas City, MO (since 2011)
                                                          James Jackson: Independence, MO
     Joe Martin: Kansas City, MO (since 2009)
                                                          Mark Jones: Shawnee, KS
     Scott Tucker: Kansas City, MO (since 2010)
                                                          Doug Lorenz: Lee’s Summit, MO
     John Welchert: Lee’s Summit, MO (since 2005)
                                                          Rebecca Lorenz: Lee’s Summit, Mo
     Randall Willbanks: Raytown, MO (since 2011)
                                                          Kevin Rogers: Lee’s Summit, MO
                                                          Alena Vanderwerf:   Overland Park, KS




Page 14                                                                           MAREInet.com
informed MAREI                         targeted group
     Professionals                            Of Clients
 From Motivation to How To                Optimization of Your

MAREI members are above the          MAREI sets the standard for real
crowd. They participate in an in-    estate investor networking and
formative newsletter, blog, and      education, drawing the type of cli-
social media experience. They        ent you want to do business with.
connect, ask questions, and share    Our meetings and online presence
opportunities through our interac-   gathers targets the qualified leads
tive website and live meetings.      your business needs. But there is
Plus they save $100s using the       only one way to get in front of
many member discounts.               them . . become a Business Mem-
                                     ber today!


       $99.00 / year                      $499.00 / year
       Additional Member $50                Includes Advertising




            INVESTOR                            BUSINESS
          MEMBERSHIP                          MEMBERSHIP


Investment News                                                    Page 15
Hyper Local Blogging
          Targeting your blog to specific “Hyper Local”
             Areas to Target a Specific Geographic                        Article provided by Real
                                                                          Estate and Internet Market-
           Niche with the Goal of Becoming a Trusted
                                                                          ing Expert Duncan Wierman
                   Authority to Dominate the Market.


 When most people thinking of “real estate blogging” they     naturally attract people who are fans of that community.
 think of posts like market updates, buyer and seller tips,   These people can be active buyers, or will be one day.
 and way too many “featured” listings.                        Is your name on the tip of the tongue of all of your buy-
 The term “Hyper-Local Blogging” refers to the practice of    ers?
 writing about topics beyond real estate that effect a        3) Be a True Expert
 greater percentage of a specific area. I more specifically
 define it as “Targetted and Consistent Blogging on a         There is always blow-back against uses of the word
 Specific Geographic Niche with the Goal of Becoming the      “expert”, “guru”, “pro”, etc. Buyers and Sellers no longer
 Trusted Authority and Dominating that Market in Your         want a Jack-of-All-Trades-Master-of-None, they want
 Particular Field.”                                           someone who knows everything about what they need
                                                              help with; buying or selling a home in XYZ neighbor-
 While we’re identifying this technique as “blogging”, the    hood!
 same principles can be achieved in other mediums. Face-
 book Fan Pages devoted to a local city, community, or        4) Search Engine Dominance
 neighborhood can also thrive when done correctly.            There’s no doubt that ranking well in Google for
 Here are my top 4 arguments for why you should start         “YOUR NICHE real estate” and “YOUR Niche homes
 incorporating hyper-local content into your toolbox.         for sale” can increase your traffic, but how about
                                                              ranking well for names of local businesses, parks,
 1) Cast a Wider Net                                          events, news, and just “YOUR NICHE”?
 Buyers are now more interested in the local news,            Local interest content is also much more likely to
 events, and attractions in the area. I get phone calls and   be shared across social networks, meaning greater
 emails telling me that they love my blog and have been       exposure and the uncovering of even more people
 avid readers for some time now, and they want me to          who are interested in your niche. Generating quali-
 find them a deal.                                            ty, natural back-links to your site is one of the
 There is no competition because I have demonstrated my       most helpful SEO practices that one can do to
 knowledge of not just the real estate market, but of the     boost both traffic and search engine rankings, but
 area as well. I have been able to build a level of trust     it is extremely difficult to do when all you are talk-
 with them through my writing all-the-while having never      ing about is real estate.
 written a personalized message to them in my life. It is     If, however, you fill your site with content about
 for this reason that I often recognize my blog as a “lead    local news and events from and insightful, intelli-
 cultivator” instead of a “lead generator”.                   gent, humorous, and interesting content, then peo-
 2) They’re Not Just Buying a Home                            ple are happy to send some business your way. In
                                                              addition, local interest content is also much more
 People don’t just buy a home, they buy a neighborhood
                                                              likely to be shared across social networks, meaning
 with a home in it that they like. Have you ever sold a
                                                              greater exposure and the uncovering of even more
 home to someone that said they hate the neighborhood,
                                                              people who are interested in your niche.
 but they just love the home? Not me!
 When you write about community news and events, you


Page 16                                                                                             MAREInet.com
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Investment News                                                                       Page 17
The Investment Game
                                                              leave you besides more stress, extra weight and less
                                                              hair? Do your homework on real estate but leave the
                                                              property management up to the experts.
          Reprinted from the AZREIA Advantage. Please visit
          their website at AZREIA.org for more information.
                                                              They do it everyday and are worth every penny. You
                                                              don’t want that weekend call from your tenant that
                                                              the air conditioner is out when you’re out on the lake
 “I’m finally in it,” says the savvy investor. I’m finally    with your family. You don’t want to be standing in
 in the investment game! He just had his first prime-         lines at the court house trying to file a judgment to
 time real estate transaction. He’s been thinking             get your tenant out of your beautiful home. These
 about doing it for years. Finally with these prices,         are all issues you shouldn’t even be considering.
 who can resist. His house is set to close next week.         You need to be focusing on that next great real es-
 He wants to sit on it for awhile and let appreciation        tate deal that is around every corner right now.
 and inflation do its work. Although if he can’t afford
                                                              This is even more crucial if you are an out of state
 letting it just sit there, he should probably get a ten-
                                                              investor. So many investors make the mistake that
 ant. Heck, with his low mortgage payment from his
                                                              they can play this game from long distance. I don’t
 great deal, he might even cash flow with monthly
                                                              want to tell you how many sad cases I have seen or
 rental income. That sounds like a great idea. The
                                                              properties I have taken over that have been in this
 more he thinks about it, the more the swirling
                                                              situation. It is never pretty and is always thousands
 thoughts hit him that he would need to worry about
                                                              of dollars in lost mortgage payments, fix up costs,
 getting the home rent ready, marketing the property,
                                                              and most importantly time. Few investors also real-
 showing the property, screening the tenant, writing
                                                              ize that most states can fine owners for not having
 up the contract, moving the tenant into the property,
                                                              an in state statutory agent representing them.
 doing all the ongoing maintenance, collecting the
 rent, praying he would never need to evict the ten-          These fines can be as high as $1000. There are also
 ant, and this whole time being available non-stop for        very specific laws that differ from state to state in
 any incoming calls or issues. Are you kidding me?            regards to the Landlord Tenant Act and what your
 When will I have time to buy my second, third, or            rights are as an owner and tenant. This is what I
 even fourth investment property? W hat a nightmare.          mean when I say do your homework. Be smart and
                                                              get in the investment game.
 At the end of the day we all want to be that savvy
 investor. The reason we fail is because we end up            Just don’t already be losing before you even start
 taking on too much to save a buck. W here does that          playing. Make a plan and then work the plan.


Page 18                                                                                         MAREInet.com
Starting in January 2013, there will be two monthly meetings
each month.

► KC Metro South on the 2nd Tuesday of the Month
At Career Education Systems, located inside of the Ward
Parkway Shopping Center, at 8600 Ward Parkway, Kansas
City Missouri. Top Floor of the Mall.



                                                                         ► KC Northland on the 1st Thursday
                                                                         of the Month

                                                                         At the North Kansas City Community
                                                                         Center located at 11999 Iron Street,
                                                                         North Kansas City, MO - just north of
                                                                         the River off I-35.




              www.APIAProtects.com
                                                           HOUSES WANTED
                   1(877) 752-2742                              South Kansas City
                       Lisa Goodner
                                                               Grandview
Because APIA sells only Real Estate Owned
(REO) and Forced Lender insurance coverage,                    Raytown
we've become the industry leader in providing
comprehensive, affordable coverage to inves-
tors, financial institutions and mortgage compa-
                                                               Rentals Areas Ok
nies.
                                                               No Rental
Our company specializes in Real Estate Owned
(REO) and Forced Lender insurance coverage
                                                          Local Cash Buyer Looking for 4 to 6 Houses a month to purchase,
for property investors, servicers, financial insti-
                                                          rehab and sell. Money Partners want their money placed quickly so
tutions and mortgage companies. Standard in-              they can turn their money fast and make a profit. Can’t do that
surance companies also turn to us for our ser-            with out houses! Bring us a deal!

vices.
                                                           Email: kcmoHomeBuyer@gmail.com
                                                          Submit Online: kcmoHomeBuyer.com



  Investment News                                                                                                 Page 19
2803 S Norwood   $59,900       3 Bed     Rental Ready       Scott Tucker
          Independence, MO               1 Bath    Ranch in Independ- Realty Resource
                                         Crawl     ence, MO           stucker319@gmail.com
                                                                      816-523-4400


          Note for Sale     $140,00      $148500   Cash Flow $1200 a    Don Tucker
          Secured by Home                20 yr     month. Auto Draft    GBI Funding
          In Blue Springs                8% Int    Payment. 3 Pay-      Don@GBIFunding.com
                                         $1200     ments made           GBIFunding.com
                                                                        816-523-4400

          Kansas City MO    $162,500     4: 2 bd   Kansas City Home     Jamieson Home Team
          Package                        1: 3 bd   Package of 5 Per-    Reece and Nichols
          64130                                    forming Properties   BuyOrSellYourHomeKC.com
                                                                        913-384-8331


          3843 Thompson,    $9,500       3 Bd      Handyman Special     Bemate
          Kansas City, MO                1 Ba      in North-East        Sakal Investing
                                                   KCMO                 913-735-9997



          3766 Mercier ST   $65,000      3 Bd      Fixer-Upper in Roa- Bemate
          Kansas City, MO                1 Ba      noke—Valentine      Sakal Investing
                                                   Area—$65k OBO       913-735-9997



          Olathe            $84,000      3 Bed     Great Potential in   Chad Bartlett
                                         3.5 Ba    Olathe!!!            HomeRemedyKC.com
                                         2 Car                          913-735-5598
                                         Slab


          Rogersville, MO   Negotiable   4 Units   4 property package Kathleen Stegman
                                                   for sale           913-208-0979




Page 20                                                                      MAREInet.com
MAREI Member Properties


MAREInet.com/Properties
                Raytown            $167,000     7 Unit     Raytown Cash Flow       Terrance Benson
                                                           Property—               RTBHomeBuyers.com
                                                           Assignment              816-804-5287



                2120 SE 3rd St     $135,000     3 bed      Great home for your     John Welchert
                Lee’s Summit, MO                2 bath     home buyers, lease      Broker / Salesperson
                                                Raised     to own tenants, or      Platinum Realty
                                                Ranch      cash flowing rental.    816–522–0002


                6149 Harvard       $89,900      4 bed      Short Sale, Local       Scott Tucker
                Raytown, MO                     3 Bath     Bank. Bring Offers.     Realty Resource
                                                2 Car      Second Living Qtrs in   STucker319@gmail.com
                                                           Lower Level             913-620-794

                12019 E 86th St    $157,900     3 Bed      For your owner occu-    Scott Tucker
                Kansas City, MO                 2.5 bath   pant buyers; Patio      Realty Resource
                Raytown Schools                 2 car      Home, Maintenance       STucker319@gmail.com
                                                Unfin      Provided on Golf        913-620-794
                                                bsmt       Course

Member Property Marketing Quick Tips:
    The more words about the type of property, the type of sale, and the city and state that you
     include in your post, the more likely a person searching online will find your listing
    Be sure to include a Photo as the featured image and a tag line that tells people why they
     would benefit from buying your property: rent ready, monthly cash flow, low rehab costs,
     high equity, turn key—what ever. “123 main street, 3 bed, 2 bath in KCMO does not sell a
     house, tell them why they should look at your house”
    The HTML code provided to other sites does not always create a good post on the MAREI page.
     So if you use HTML, be sure to see what your property looks like on the main property page
     that lists all the properties together as well as on the page for the property. Go back and edit
     if you don’t like what you see. And HTML from other sites does not allow us to feed your prop-
     erty to the social media sites. Just an FYI!
    Last we do need a property address. If you don’t provide and address, we can’t publish.



    Investment News                                                                              Page 21
DEMBER GIFT FOR
                                            MAREI MEMBERS

                                              There are three things that every Real Estate
                                              Investor must do . . .
                                                    1. Learn How to Put Together a Deal
                                                    2. Market Your Business
                                                    3. Fund Your Business
                                              For the month of December, MAREI would like
                                              to help their members with #3, Funding.


While we have a packed library that will help you with all aspects of real estate investing, for the
Month of November we would like to feature two items found in MAREI’s Online Library:

 How to Get the Money You Need to Buy Property (Buy at Amazon $9.97)

       This is a 27 Chapter eBook that walks you through the steps that Real Estate Investor
       Alan Cowgill takes to find Private Lenders to fund his deals.

 Tax Free IRA Investing (Buy from Walter, full Course $297)

       This is a 10 Video Course with Workbooks from Self Directed IRA Real Estate Investing
       Expert Walter Wofford, we have the first 5 beginner sections. The next 5 more advanced
       topics can be purchased.

So where can you find this great information?

       Go to www.MAREInet.com/members-only/training/

       You will need to log into the system

       This is a $160 value, way more than the cost of membership!
MAREI’s
     December Meeting


                                                                        December Event!




         Special Guests
                               Monthly Meeting
     Dan Goodwin
      Scott Ficinus
     Deb Felderhoff
                                     We have a wealth of knowledge in our MAREI membership and
Location:                            in December we have invited some of our top experts to share
                                     some of that knowledge with you. So be sure to attend, ready
Career Education Systems             to take notes and get some very useful information.
Ward Parkway Shopping Center         Top Three Phone Aps: Dan Goodwin will be sharing his top
Top Floor                            three aps that we can all implement on our smart phone and or
8600 Ward Parkway                    computer, tablet etc.
Kansas City, MO                      Top Three Real Estate Industry Trends: Scott Ficinus is going
                                     to be sharing part of a presentation that outlines some of the top
Times:                               trends right now in the Real Estate Industry.
                                     Top Three Mistakes New Investors Make: Deb Felderhoff is
Tuesday December 11
                                     going to be sharing the Top Three Mistakes that she sees many
6pm to 9pm                           new investors making.




Agenda for Tuesday December 11                                           Cost

5:30 pm — Pre-Meeting & Set Up                                           Investor Member—No Charge
5:50 pm — Orientation                                                    Business Member—No Charge
6:00 pm — Networking & Vendor Hall (reserve vendor table)
                                                                         Internet Member—Guest Fee
7:00 pm — Speed Networking
7:15 pm — Presentation: Top Three from Three                             Guest Fee
             with Dan Goodwin, Scott Ficinus and Deb Felderhoff
                                                                         $25 Per Person at the Door
8:30 pm — Wrap Up and One on One Q & A
                                                                         $15 Per Person on Web
9:00pm — Meeting Ends
                                                                         Go to
                                                                            MAREInet.com/December
         Register for this meeting NOW!                                       All Guest Fees Paid will

         MAREInet.com/December                                           Be credited toward membership
                                                                          when you join at the Meeting.
Subscribe & Sync

                                                                                 MAREInet.com/Calendar


         The MAREI calendar is hosted on Google Calendars. This allows you to subscribe
         to our calendar and sync it with your own Google Calendar, Mobile Calendar, or
         Outlook Calendars. Check calendar for times and locations.




                                                    December 2012
Sun                 Mon                   Tue              Wed                   Thu                 Fri                      Sat


                                                                                                                              1 Quick Books

                                                                                                                              SG: Blue Springs /
                                                                                                                              Independence Inv.

                                                                                                                              Wichita REIA


2                   3                     4                5                     6                   7                        8

SG: Lees Summit                                            SG: Weekly Wed.                           SG: Connected Inves-     SG: Blue Springs /
Investors Network                                          Networking                                tors—NEW                 Independence Inv.




9                   10                    11               12                    13                  14                       15

SG: Lees Summit     Deadline: Vendor      MAREI KC South   SG: Weekly Wed.       KCIG Meets          Deadline: Properties     SG: Blue Springs /
Investors Network   Tables for KC South                    Networking                                & Articles for January   Independence Inv.
                                          Meeting                                Shawnee County LL
                    Meeting                                                                          Newsletter



16                  17                    18               19                    20                  21                       22

SG: Lees Summit     Omaha REIA                             SG: Weekly Wed.                                                    SG: Blue Springs /
Investors Network                                          Networking                                                         Independence Inv.




23                  24                    25               26                    27                  28                       29

SG: Lees Summit                                                                                      January                  SG: Blue Springs /
Investors Network                                                                                                             Independence Inv.
                                                                                                     Newsletter Published



30                  31                    1                2                     3

                                                           Deadline: Vendor      MAREI KC North
                                                           Tables for KC North
                                                                                 Meeting
                                                           Meeting

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December 2012 newsletter

  • 1. MAREI wins Awards of Excellence at National REIA Mid Year for 2nd Year in a Row! MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS Investment News NETWORKING : EDUCATION : COMMUNITY : GOVERNMENT December 2012 10 e Pag Happy Ho lidays Fro m the MAREI Staff
  • 2. CONTENTS Heading into Year 10 Government officials are working 6 to Change the Way Things Work. I Don’t Care Government officials are working 8 to Change the Way Things Work. Housing Trends The latest trends in housing are 12 changing the investing industry. Hyper Local Blogging How do we share our knowledge 16 and get people to find our blog. The Investment Game Just getting started with invest- ment rentals. Do you know what 18 you are doing? Every Issue 10 Benefits at a Glance 14 Membership 20 Investment Opportunities 22 December Member Training 23 December Meeting 24 Monthly Calendar Web Exclusive @ Check out our Website MAREInet.com Contact us by Phone Emerging 913-815-0111 Trends in Email US info@MAREInet.com Real Estate 2013 Join The Conversation MAREInet.com/Blog MAREInet.com/ Trends2013 Join Association MAREInet.com/Membership Page 2 MAREInet.com
  • 3. SERVICES THAT PUT PROS AND INVESTORS FIRST With our FIRST for Pro initiative, The Home Depot is taking Even better care of our best customers. FAST IN AND OUT Time is money — we’ll get you back to work quickly.  Dedicated Pro Desk Associates.  Two hour advance order pulling. KNOWLEDEABLE, HELPFUL FIRST FOR PRO ASSOCIATES First for Pro Associates provide a single point of contact — They’ll get to know you by name.  You can rely on them to know about the products, services and related items needed for each of your jobs.  Look for Associates with FIRST for Pro badges on their aprons. IN-STOCK JOB LOT QUANTITIES You can rely on The Home Depot to have the items you want in the amounts you need.  Our stores keep job lot quantities in stock.  Ask about direct-to-job-site delivery options. GREAT PRICES JUST FOR PROS We Offer everyday low prices, plus more ways to save on larger orders.  You can count on competitive pricing on everything in every department  Volume pricing discounts available on purchases as low as $2,500.  Instant bulk price savings available 1000s of items. SPECIAL DISCOUNTS FOR MAREI MAREI members receive special discounts at The Home Depot nationwide.  Two percent rebate paid twice a year on all purchases made through all registered accounts.  Twenty percent discount on selected paint brands.  Exclusive to members of National REIA. EXCLUSIVE PROJECT ESTIMATOR APP Coming in 2013, the Home Depot Project Estimator App for iPad, a business changing tool for National REIA Chapter members nationwide. Watch your local REIA Chapter for Investment News Page 3 more information.
  • 4. Mid-America Association of Real Estate Investors The only National REIA Chapter in the Tri State Region Serving KS, MO & NE Honor’s of Merritt Winner National REIA Contact Information Awards of Excellence 2011 & 2012 PO Box 8685, Prairie Village KS, 66208 Phone: 913-815-0111 Email: info@MAREInet.com Read Newsletter Online Anytime MAREInet.com/Newsletter Our Mission Statement Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate investing and to protect and promote the best interest of our membership through educational Connect with us Online and networking opportunities as well as community, legislative and public relations. LinkedIn Group: Kansas City Real Estate Investors Legal Disclaimer MAREI does not exist to render and does not give legal, tax, economic or investment advice and disclaims all liability for the action or inaction taken or not as a result of communications from or to its members, officers, directors, employees and contractors. Each individual should consult Facebook Page: his/her own counsel, accountant and other advisors as to legal, tax, economic, investment and related matters concerning real estate and other investments. Kansas City Real Estate Investing Content Disclaimer Facebook.com/Groups The views and opinions expressed by authors of articles contributed to this newsletter do not necessarily reflect those of the association, the board of directors or the staff. Kansas City Real Estate: /kcrei/ Mid-Missouri Real Estate: /MidMo/ Advertise in the Investment News Omaha Real Estate: /OmahaRE/ Rate Schedule Topeka Real Estate: /TopekaRE/ Size Non-Member Member Business Associate Wichita Real Estate: /WichitaRE/ Full Page $175 $140 $115 Special Groups Facebook 1/2 Page $145 $105 $85 KCMO Water Dept Issues: /badbilling/ 1/4 Page $75 $65 $50 1/8 Page $55 $35 $25 MO Creative Finance Legislation Find us on Twitter A 10% discount is given on ads pre-paid for 6-12 months. Any changes to a pre-paid ad will incur a minimum charge of $20. The deadline to submit ad copy is the 1st of each month. All @MAREInet ads must be prepaid. Contact to verify ad format can be accepted. PDF preferred. There is an additional charge of $25 to typeset a business card ad or 1/4 page ad layout, $60 for a 1/2 Tweet #KCREI page or full page lay-out. Opportunities also exist for advertising on www.MAREInet.com. Call 913-815-0111 for more information. Email ad copy to info@MAREInet.com. Mail payment to MAREI, PO Box 8685, Prairie Village, KS 66208 or request an online payment for to use credit or debit card. Page 4 MAREInet.com
  • 5. Use your smart phone to match real -world colors with paint colors. Get coordinating colors or create custom palettes. Search, browse, adjust, save and even share colors. All for free! FEATURES  Use your iPhone, Blackberry, or Android smart phone to capture a color that inspires you and match it to one of 1,500 Sherwin- Williams paint colors.  Create a custom palette or Ask Sherwin-Williams for colors that complement your color.  Search for specific colors or browse the full Sherwin-Williams color palette right from your iPhone or Blackberry, or Android smart phone.  Fine tune colors using lightness, saturation and hue features.  Save colors to your "My Saved Colors" library to compare palettes or share via Facebook and email.  Learn detailed color information, including color names, RGB val- ues, and LRV numbers–all with the ColorSnap® app. Find a Sherwin-Williams Store Near You: SherwinWilliams.com Member Tip: Whether you are repainting a rental or picking new col- ors for your resale renovation, use this mobile app to assist you with color selection and to remember your favorites. Be sure to take your colors to your favorite Sherwin Williams Store and be sure to provide them with your exclusive discount card from Mid-America Associa- tion of Real Estate Investors to get the absolute best pricing Sherwin Williams has to offer on all their products. If you have trouble keeping track of your Member Discount Card . . . Snap a photo with your smart phone of both sides and you will always have your discount card with you . . . If your Card Expires in 2012, you can request a new one from the MAREI office, we mail out new ones with your membership renewal and we post copies of the new card in the MAREI member Guide. Investment News Page 5
  • 6. Heading into Year Ten! Won’t you come along for the 2013 ride! Little did we know that December of 2003 that the brand draw to fill a training room, we will have it online. new company known as Mid-America Association of Real Here locally we are making some changes as well in re- Estate Investors would take off and be a major factor in the gards to training. We are looking at several options to Real Estate Investing Community in the mid-west. We get our local experts involved in training our new mem- were new and innovative then and now 9 years later, after bers. This allows the new members access to local, af- the great real estate boom and the bubble bursting we are fordable training so they learn the business the correct back in growth mode. way from the start. Plus by giving back, the advanced We have been a member of National REIA since the be- members gain customers to their business, visibility in ginning and have been winning awards for the past two the community, and the chance to perfect their skills. years for the tools and programs we use to connect with We have finally taken the step to add a 2nd monthly our members, educate our members, and to have our meeting. See later on in this issue information on our members take part in the community as a whole. very first meeting of MAREI KC North, to be held on Jan- So what’s on the horizon. Well in the past year we have uary 3rd at the North Kansas City Community Center. stepped up the game to become a Chapter Member of Na- This is specifically designed for our Northland Members tional REIA, which means we will have all the same great but is open to everyone. benefits and programs we have always had, like our Sher- We are still working on building up our mastermind or win Williams and Home Depot Discounts, Monthly Meet- subgroups. We would like to see 2013 bring a few more ings, and Week-End Events. With the new Chapter Pro- groups that are based on geographic area, like outlying gram in place we will have a lot of new great exclusives. areas around the metro as well as Lawrence, Topeka, Coming in 2013 for our members, be on the look out for a Wichita and Omaha. We would also like to add a group brand new mobile app just for Chapters Members of Na- for advanced investors, a womens group, a young per- tional REIA from The Home Depot. This app will be a sons group and possibly some groups based on topic. game changer or many Landlords and Remodelers as it These may be short lived 2 or 3 meeting groups or they will store your entire list of favorite products and allow you might meet monthly or weekly. Bring us your ideas, but to walk through each room on a project, take measure- remember with new groups comes the need for new ments , select products and produce a bid and purchase group leaders. list. This purchase list is then sent straight to the pro-desk As we head into our 10th year in 2013, we look forward to be priced out through the Volume Discount Pricing Pro- to working with our member community. We have a lot gram and for you to order and pay for on one of your ac- of great challenges facing us from the Political Advocacy counts that offers your 2% cash back. They are still in test- Stand Point as well as some great opportunities to con- ing mode, but it will be out in 2013. nect with our community and raise the professionalism of Coming in 2013 for our member, look for the new National the real estate investing community. I really hope you REIA University and a new Professional Housing Provider will enjoy 2013 at MAREI as much as we enjoy working Program. We have a core curriculum that all investors with you as a member. should be knowledgeable to earn a Professional Housing Make it a Great Year Provider Designation. But to get all the classes one might have to work over several years to get all the topics need- Kim Tucker ed a live training and some of the topic might be a bit less that exciting. So the solution is going to be National REIA University. While we will still have live meetings and train- How I did the deal will be back in January, sub- ing events, the online solution will fill in. So if you just mit your deals to info@MAREInet.com. Deals missed the live training on a topic, you will be able to find selected for publication will receive a $25 credit that topic online and not have to wait till it comes around again. Also for the topics that might not be a big enough on account to apply to trainign workshops. Page 6 MAREInet.com
  • 7. INSTRUCTORS WANTED For the Following Topcis  Landlording: Landlord Tenant Law  Purchasing: Buying REO Properties  Appraisal Methods  Landlording: Evictions  Purchasing: How much to Offer  Appraisal: Comparing Properties  Landlording: Tenant Screening  Purchasing: Notes & Bulk Sales  Contract Law: Basics  Landlording: Record Keeping  Rehabbing: Estimation On Site  Contract Law: Must have Clause  Landlording: Maximizing Cash Flow  Rehabbing: Estimation Classroom  Contract Law: Purchase Contracts  Landlording: Property Management  Rehabbing: Live Demonstrations  Contract Law: Creative Financing  Marketing: For Motivated Sellers  Regulations: Lead Paint  Finance: FHA / VA & Conventional  Marketing: Building Buyers List  Regulations: Zoning & Building Codes  Finance: Owner Financing  Marketing: Social Media  Tax Law: Minimizing Taxes  Funding: Private Lending  Marketing: Websites  Tax Law: 1031 Exchange  Funding: Self Directed IRA  Marketing: Database Management  Tax Law: Cost Segregation  Funding: Syndication  Negotiation: With Motivated Sellers MAREI would like to work with local in- structors on these topics to develop an  Insurance: for Properties  Negotiation: Short Sales informational article for the newsletter, a 30 minute webinar, and a 2 hour Live  Insurance: Workman’s Comp  Negotiation: Contractor Agreements Workshop. If you would like to share your  Insurance: Liability & Others  Negotiation: Buyers & Renters expertise or know someone who would accurate Accurate Closings: Smooth, Timely, Professional. Title Services Provided for: Property Management  FSBO, Wholesale, & REO Transactions  New Construction Closings Section 8 Housing  Commercial Purchases and Refinance KC Metro Wide  All Types of Loan Closings  1031 Exchanges  FHA, VA, USDA, Conventional Loans, and Jeff Woods Hard Money Loan Closings  Refinance & Reverse Mortgages Broker  Doc Prep, Prelim HUDS, Curing Issues  Short Sale Closing & Assistance www.MyPremierLeasing.com  100 Years of Combined Service! 816-849500 www.AccurateTitleCo.com 913-338-0100 phone Investment News Page 7
  • 8. I Don’t Care MAREI’s Political Advocacy Committee Keeps You Informed! MAREInet.com/Current-Issues/ As Real Estate Investors we often hear about an sure you know what the issues are, provide you issue in the media. Unless it directly affects your with information to make informed decisions personal business, we think “That’s not right, but it about those issues, and help you share your really does not directly affect me. So I really don’t thoughts and decisions with the correct officials. care.” We are here to tell you that if it affects the To that end we have a Political Advocacy Section real estate industry, more often than not, it will on our website. We will send you Calls to Action affect all Americans in some way. Housing and Real on important issues via email and social media. Estate Issues affect the US economy and just Your responsibility as a member of our associa- about everything else in some capacity. tion is to stop and take action. Don’t stick your Our next thought is “Ok, so it might be important, head in the sand and wait for someone else to do but what can I do? “ Well individually, you can’t do something. It’s up to you to make your voice a whole heck of a lot as an average citizen. But as heard. a part of a large organization you have the a much When you do send your comments and opinions larger impact. If we all think about how it will us, to officials, be sure to remind them that you are a write out our thoughts, and share them with the citizen in their area. Next make sure they know appropriate officials, we can collectively do some- you are a part of our larger associations, both Mid thing. When we as an association of Real Estate -America Association of Real Estate Investors and professionals band together and make our voice National Real Estate Investor Association and any heard, we can make changes to current laws and other associations you may be affiliated with. stop bad legislation or help draft legislation that is When they see similar messages coming from all more favorable to our industry. of our members, they will take notice because One of our key responsibilities here at Mid-America credible professionals are providing them input. Association of Real Estate Investors is to make Page 8 MAREInet.com
  • 9. found the law to be very compli- primary one being the fact that CURRENT ISSUES cated, hard to understand, and when tenants do not pay their Mortgage Interest Deduction almost impossible to comply with water bill, the city is then taking and the Fiscal Cliff: By now reporting requirements. Because the bill to the Landlord. If and you have seen the many media of the difficulties in compliance when the landlord starts receiv- reports concerning the “Fiscal and the fines and punishments ing bills, and request the city Cliff”. That if our legislators do for lack of compliance, most in- shut off water, the city is refusing not get their own collective heads vestors in the state of Texas the shut off. The result being out of the sand and start working have stopped offering Contract very huge water bills that contin- together, that rules and regula- for Deed. ue to grow, that end up going to tions are going to have our econ- court and judgments being Remember the proposed MO law omy, falling over the edge of the placed against the landlord or the is for all creative financing, so fiscal cliff. p r o p e r t y . ours will also affect Lease Op- Many of the media reports sug- tions. So unless we as investors We urge all of our memers who gest changes to the policy that live in the state of Missouri to speak out here in the state of has allowed homeowners to de- Missouri we may find ourselves take part and watch the situation duct mortgage interest payments closely. What happens in Kansas wih a similar law, which when from their income tax. Some re- City could in turn bring about the combined with the Safe Act could ports point to an elimination of creation of a new bill in MO that severely limit and in some cases this very valuable homeowner would not allow city owned mu- halt creative finance sales to de- deduction and others report to nicipalities from billing landlords serving homeowners who may limiting the deduction. for unpaid tenant utilities. Bills not have found any other way to have been introduced regarding We urge anyone who has not yet pursue the American Dream of this matter in the state of Mis- taken action on this issue to visit home ownership. souri several times over the past our website to connect with their Halting or further limiting the few years, yet have not yet proper official. sale of homes in the state of Mis- passed. In taking with drafters MO H.B. 296: Contract for souri could hurt the very fragile of past bills, they feel it will take Deed Act: MO Senator Shalonn housing recovery and economy of efforts like those of Landlord Le- ‘Kiki’ Curls is soliciting comments the state. gal Fund against the Kansas City on a proposed bill designed to We urge all members to review Missouri Water Department as reform legislation regarding Con- the proposed legislation on our well as ultimately having the is- tracts for Deed as well as other site and we urge everyone from sue go all the way to the state forms of creative financing. She the state of Missouri or from Supreme Court. is being assisted in this legisla- states that already have similar We urge our Missouri members tion being designed to protect laws, to both comment on our to review the issue online and consumers from predatory prac- site and to direct comments to send comments on the matter tices by Attorney Michael Duffy the drafters of this bill. not only to Kansas City Missouri with MO Legal Aid. Billing Practices of the Kansas City and Water Department Offi- Similar laws have been enacted City Missouri Water Depart- cials if you live and work in Kan- in other states and this one is ment: Being championed by the sas City Missouri. Plus if you are being modeled after the law writ- Landlord Legal Fund a resident of Missouri, let your ten a few years ago in Texas. In (www.LandlordLegalFund.org), state officials know your thoughts conversations with Texas Attor- Lanlords across Kansas City Mis- on the matter as well. neys and Investors, we have souri have hired an Attorney to See online found that investors in that state fight several different issues, the MAREInet.com/current-issues Investment News Page 9
  • 10. MAREI’S MEMBER BENEFITS PROGRAM YOUR MEMBER BENEFITS AT-A-GLANCE USE THIS PAGE AS A GUIDE TO VALUE ADDED DISCOUNTS TOOLS AND SAVINGS CREATED JUST FOR YOU ON GOODS AND SERVICES YOU USE EVERY DAY. Landlord Services Suppliers News & Information E-Update MAREI’s award winning weekly email update with what’s happening in real estate including properties for sale, gov- Screening for tenants & workers with ernment affairs and local market data. 20% discount for members. Learn how to save money at Home De- pot and register for a 2% Rebate for all Investment News purchases & rentals across the US. FORMS & DOCS Plus 20% Discount on Paint in Kansas The award winning newsletter for Mid- Member Library is packed with forms City. And coming in 2013 the New America Association of Real Estate In- and docs, plus 15 % discount at EZ Home Depot App for iPad exclusively for vestors: published monthly and distrib- Landlord Forms for premium forms. Chapter Members to use in project esti- uted both in print at our meetings and mation on home repair and remodel. digitally to our database of over 5000 people. One of the best ways to get your message in front of a targeted group of real estate professionals. Market your rentals on the nations top ranked rental site. Member discount All members receive a discount card is 20% off Regular Prices. to access our exclusive discounts up to 40% off all paint, supplies, and flooring—nationwide. Office Solutions Marketing Magazine for the real estate investor. With discount subscriptions for MAREI members and FREE copies available at our monthly meetings. Save on select FedEx Office copy and print services up to 20% and on Fed- Ex Shipping up to 22%. Websites for investors, landlords, and other services. FREE trial. Receive discounts up to 65% on over Free issues of both magazines 12,000 products you use the most available at the monthly online and in store. Email and Social Media Marketing, Free meetings of MAREI. Trial and Discounts for paying in ad- vance. Page 10 MAREInet.com
  • 11. Other Discounts Member Service We have several services as part of our website to help you grow MAREI’s Political Advocacy Group your business. actively monitors national legisla- tion and rule-making that im- pacts the real estate industry and harnessing the strength of MAREI Nearly 70% of QuickBooks users say members at the grassroots level. that it makes their business more prof- itable. Get your Accounting on track. Buy at a 20% discount our special MAREI mem- links from the MAREI Web Site. bers also re- ceive timely Calls to Action REAL ESTATE BOOKS Calendar of Events to stay up to when there is a date with all of our activities. The nation’s largest provider of time for our real estate training materi- members to als, DEARBORN is America’s take action on Premier Real Estate Publish- an important vote. er. Members receive up to 40% off. Members also have access to the latest Browse the member properties to in Market Da- find your next deal. Take the ta. time to post your investment op- portunities for other members Special member discounts for and site visitors to browse. members at Avis, Budget, and Enterprise Rentals. VISIT ww.MAREInet.com The Member Library is packed Look under Resources & and ever growing with pdf ver- Members Only The Local Market Monitor tracks real estate sales and economic sions of entire books, EBooks, trends nation wide. Offering Articles, Forms, and Documents. 25% Discount for Members. Investment News Page 11
  • 12. Housing Trends With the increased number of cash buyers and the increased competition the time on the market for Researchers across the country are resales has gone down, prices in most cases have pointing to recent housing trends that gone up. According to CoreLogic, home prices are Real Estate Professionals have been about 5% higher over the past year. CoreLogic also noticing for most of the last 1/2 of 2012. reports that all sales, both non-distressed as well as distressed have been rising. The Center for Real Estate Research, part of REAL- If you look at numbers year to year pricing has TOR® University funded a study conducted by been up every month in 2012 since March. But Grant Ian Thrall, Ph.D., a professor at the Universi- keep in mind prices were not extremely high to ty of Florida, and Thomas Springer, professor of fi- begin with and about 20% of all sales are still dis- nance and real estate at Clemson University. tressed. So while things are improving, they still The study found that there all-cash becoming more have a long way to go. prevalent. Which investors have been seeing with When we go from a national view to our local re- more cash buyers for REO and distressed sales by gion, we see that foreclosures have almost gone investors as well as more cash buyers for owner away. From RealtyTrac we see Kansas went from a occupied homes. Here in Kansas City we have no- high of almost 200 foreclosure sales in June to just ticed this with more and more people pulling their 4 in October. Missouri had a high of almost 1200 cash out of the stock market and investing it in real sales in June to only 61 in October. Nebraska show estate. We have been seeing this both by private several different months with total foreclosure sales individuals as well as large hedge funds across the of about 120 to only 1 reported on RealtyTrac in nation. October. With the increase in the number of cash buyers, In a blog post from RealtyTrac, their president investors nationwide have seen increased competi- Daren Blomquist tells us that banks are holding tion for the purchase of investment homes. This is back REO inventory. He quotes the most recent creating HUGE opportunities for investors who can quarterly 10-Q SEC filing from Fannie Mae that secure turn key rental housing and other turn key found two items the show this trend. real estate investments for cash buyers with anx- ious money leaving the stock market. First there is a list of reasons that Fannie provides Page 12 MAREInet.com
  • 13. that only 22 percent of it’s REO inventory is being The may also be holding back foreclosures so there listed for sale. Second there is a phrase found sev- is not a massive glut of houses on the market that eral times in the report that goes something along would further depress prices and increase their the lines of “Managing our REO inventory to mini- losses. So to protect the prices of future homes mize cost and maximize sales.” This leads industry they plan to sell, they only let a limited supply go insiders to believe that they are intentionally holding through the foreclosure and sales process. houses back from the market. So what does this mean for us as investors. If you So why are they holding back? Remember that a rely on bank owned REOs for your property pur- lender does not realize the loss on the loan, at lease chases, you are paying more for them, if you can from the bean counters point of view is until they find one to purchase. Cash buyers are clamoring sell the house at a loss. So if they don’t foreclose for investment properties so if real estate investors and sell the house at a loss, their books don’t show a can find a way to supply those homes through loss yet, allowing them to value the asset higher un- wholesales, bulk purchases from banks, or from til it is foreclosed. This allows them to defer report- acquiring defaulted notes and obtaining properties ing the loss. And what if Fannie and others like through the workout process, then there is a large them defer and defer and defer. Or maybe take a opportunity for profit. large package of defaulted loans and sell them to a So when is a good time to invest in real estate? hedgefund. They will then realize a loss in a differ- Right now, is a highly lucrative time for the in- ent part of their P & L and save money by not having formed investor who knows how to take action. to complete a foreclosure or work out process. Cornerstone Foundation Repair Kansas Cities Real Estate Investor’s #1 Foundation Repair Contractor  Steel Push to Bedrock Piers @ $850 ea  Steel Wall Restraints Starting @ $180 ea Do the math. Your vacancy is costing you every day.  Crack Injection @ $25 per foot Fill your vacancy faster and save money  Sump Pumps @ $800 each with Rentals.com! We are proud to say that we have become real estate investors 1st call for major foundation Discounts for MAREI Members: repair issues. We offer 25 year and lifetime Receive 20% off all Regular transferable warranties for piering only. Priced Advertising. Log into Joe Williams Member’s Area, click on Member ConerstoneFoundationRepair@yahoo.com Discounts and look for MAREI’s Discount code! 913-220-5253 Ask about our Investor Pricing Investment News Page 13
  • 14. WELCOME NEW MEMBERS To the premier trade association representing Kansas City Area Real Estate professionals MAREI continues its growth with a total of 312 members to-date. JOIN NOW (MAREInet.com/join) Renewing New Members  Steve Burns: Shawnee Mission, KS (since 2005)  Sylvia Gill: Kansas City, MO  Sandra Deoring: Blue Springs, MO (since 2009)  Thomas Gill: Kansas City, MO  Walter Deoring: Blue Springs, MO (since 2009)  David Heiman: Lone Jack, MO  Kathleen Fitzgerald: Mexico, MO (since 2011)  Don Hendrix: Topeka, KS  Jason George: Oak Grove, MO (since 2011)  Barry Hudson: Independence, MO  Dan Goodwin: Overland Park, KS (since 2005)  Sean Huang: Kansas City, MO  Shelda Goodwin: Overland Park, KS (since 2005)  Charise King: Raytown, MO  Lauren Hruby: Kansas City, MO (since 2011)  James Jackson: Independence, MO  Joe Martin: Kansas City, MO (since 2009)  Mark Jones: Shawnee, KS  Scott Tucker: Kansas City, MO (since 2010)  Doug Lorenz: Lee’s Summit, MO  John Welchert: Lee’s Summit, MO (since 2005)  Rebecca Lorenz: Lee’s Summit, Mo  Randall Willbanks: Raytown, MO (since 2011)  Kevin Rogers: Lee’s Summit, MO  Alena Vanderwerf: Overland Park, KS Page 14 MAREInet.com
  • 15. informed MAREI targeted group Professionals Of Clients From Motivation to How To Optimization of Your MAREI members are above the MAREI sets the standard for real crowd. They participate in an in- estate investor networking and formative newsletter, blog, and education, drawing the type of cli- social media experience. They ent you want to do business with. connect, ask questions, and share Our meetings and online presence opportunities through our interac- gathers targets the qualified leads tive website and live meetings. your business needs. But there is Plus they save $100s using the only one way to get in front of many member discounts. them . . become a Business Mem- ber today! $99.00 / year $499.00 / year Additional Member $50 Includes Advertising INVESTOR BUSINESS MEMBERSHIP MEMBERSHIP Investment News Page 15
  • 16. Hyper Local Blogging Targeting your blog to specific “Hyper Local” Areas to Target a Specific Geographic Article provided by Real Estate and Internet Market- Niche with the Goal of Becoming a Trusted ing Expert Duncan Wierman Authority to Dominate the Market. When most people thinking of “real estate blogging” they naturally attract people who are fans of that community. think of posts like market updates, buyer and seller tips, These people can be active buyers, or will be one day. and way too many “featured” listings. Is your name on the tip of the tongue of all of your buy- The term “Hyper-Local Blogging” refers to the practice of ers? writing about topics beyond real estate that effect a 3) Be a True Expert greater percentage of a specific area. I more specifically define it as “Targetted and Consistent Blogging on a There is always blow-back against uses of the word Specific Geographic Niche with the Goal of Becoming the “expert”, “guru”, “pro”, etc. Buyers and Sellers no longer Trusted Authority and Dominating that Market in Your want a Jack-of-All-Trades-Master-of-None, they want Particular Field.” someone who knows everything about what they need help with; buying or selling a home in XYZ neighbor- While we’re identifying this technique as “blogging”, the hood! same principles can be achieved in other mediums. Face- book Fan Pages devoted to a local city, community, or 4) Search Engine Dominance neighborhood can also thrive when done correctly. There’s no doubt that ranking well in Google for Here are my top 4 arguments for why you should start “YOUR NICHE real estate” and “YOUR Niche homes incorporating hyper-local content into your toolbox. for sale” can increase your traffic, but how about ranking well for names of local businesses, parks, 1) Cast a Wider Net events, news, and just “YOUR NICHE”? Buyers are now more interested in the local news, Local interest content is also much more likely to events, and attractions in the area. I get phone calls and be shared across social networks, meaning greater emails telling me that they love my blog and have been exposure and the uncovering of even more people avid readers for some time now, and they want me to who are interested in your niche. Generating quali- find them a deal. ty, natural back-links to your site is one of the There is no competition because I have demonstrated my most helpful SEO practices that one can do to knowledge of not just the real estate market, but of the boost both traffic and search engine rankings, but area as well. I have been able to build a level of trust it is extremely difficult to do when all you are talk- with them through my writing all-the-while having never ing about is real estate. written a personalized message to them in my life. It is If, however, you fill your site with content about for this reason that I often recognize my blog as a “lead local news and events from and insightful, intelli- cultivator” instead of a “lead generator”. gent, humorous, and interesting content, then peo- 2) They’re Not Just Buying a Home ple are happy to send some business your way. In addition, local interest content is also much more People don’t just buy a home, they buy a neighborhood likely to be shared across social networks, meaning with a home in it that they like. Have you ever sold a greater exposure and the uncovering of even more home to someone that said they hate the neighborhood, people who are interested in your niche. but they just love the home? Not me! When you write about community news and events, you Page 16 MAREInet.com
  • 17. The best place on the entire planet to buy kitchen cabinets. We Have The Best Prices Everything Is In Stock Property Management Rental Services We Ship Fast Kansas City Metro Free Design Help www.CabinetGiant.com www.JamiesonHomeTeam.com Josh Burns Kevin Jamieson 816-503-4671 1-877-484-4268 Www.CoffeltLandTitle.com Selling on Terms? For title, escrow, Need Cash Now? 1031 & foreclosure. We specialize in the purchase of owner financed notes and contracts from real estate investors across the nation. By selling on terms you create a note or contract which can be sold for cash. We can purchase all or part of your payments right at the closing table to provide you with your profits in cash now so you can move on to your next deal. Request a Quote Today! Email us at info@GBIFunding.com Bud Whisler 816-380-3441 Investment News Page 17
  • 18. The Investment Game leave you besides more stress, extra weight and less hair? Do your homework on real estate but leave the property management up to the experts. Reprinted from the AZREIA Advantage. Please visit their website at AZREIA.org for more information. They do it everyday and are worth every penny. You don’t want that weekend call from your tenant that the air conditioner is out when you’re out on the lake “I’m finally in it,” says the savvy investor. I’m finally with your family. You don’t want to be standing in in the investment game! He just had his first prime- lines at the court house trying to file a judgment to time real estate transaction. He’s been thinking get your tenant out of your beautiful home. These about doing it for years. Finally with these prices, are all issues you shouldn’t even be considering. who can resist. His house is set to close next week. You need to be focusing on that next great real es- He wants to sit on it for awhile and let appreciation tate deal that is around every corner right now. and inflation do its work. Although if he can’t afford This is even more crucial if you are an out of state letting it just sit there, he should probably get a ten- investor. So many investors make the mistake that ant. Heck, with his low mortgage payment from his they can play this game from long distance. I don’t great deal, he might even cash flow with monthly want to tell you how many sad cases I have seen or rental income. That sounds like a great idea. The properties I have taken over that have been in this more he thinks about it, the more the swirling situation. It is never pretty and is always thousands thoughts hit him that he would need to worry about of dollars in lost mortgage payments, fix up costs, getting the home rent ready, marketing the property, and most importantly time. Few investors also real- showing the property, screening the tenant, writing ize that most states can fine owners for not having up the contract, moving the tenant into the property, an in state statutory agent representing them. doing all the ongoing maintenance, collecting the rent, praying he would never need to evict the ten- These fines can be as high as $1000. There are also ant, and this whole time being available non-stop for very specific laws that differ from state to state in any incoming calls or issues. Are you kidding me? regards to the Landlord Tenant Act and what your When will I have time to buy my second, third, or rights are as an owner and tenant. This is what I even fourth investment property? W hat a nightmare. mean when I say do your homework. Be smart and get in the investment game. At the end of the day we all want to be that savvy investor. The reason we fail is because we end up Just don’t already be losing before you even start taking on too much to save a buck. W here does that playing. Make a plan and then work the plan. Page 18 MAREInet.com
  • 19. Starting in January 2013, there will be two monthly meetings each month. ► KC Metro South on the 2nd Tuesday of the Month At Career Education Systems, located inside of the Ward Parkway Shopping Center, at 8600 Ward Parkway, Kansas City Missouri. Top Floor of the Mall. ► KC Northland on the 1st Thursday of the Month At the North Kansas City Community Center located at 11999 Iron Street, North Kansas City, MO - just north of the River off I-35. www.APIAProtects.com HOUSES WANTED 1(877) 752-2742  South Kansas City Lisa Goodner Grandview Because APIA sells only Real Estate Owned (REO) and Forced Lender insurance coverage, Raytown we've become the industry leader in providing comprehensive, affordable coverage to inves- tors, financial institutions and mortgage compa- Rentals Areas Ok nies. No Rental Our company specializes in Real Estate Owned (REO) and Forced Lender insurance coverage Local Cash Buyer Looking for 4 to 6 Houses a month to purchase, for property investors, servicers, financial insti- rehab and sell. Money Partners want their money placed quickly so tutions and mortgage companies. Standard in- they can turn their money fast and make a profit. Can’t do that surance companies also turn to us for our ser- with out houses! Bring us a deal! vices. Email: kcmoHomeBuyer@gmail.com Submit Online: kcmoHomeBuyer.com Investment News Page 19
  • 20. 2803 S Norwood $59,900 3 Bed Rental Ready Scott Tucker Independence, MO 1 Bath Ranch in Independ- Realty Resource Crawl ence, MO stucker319@gmail.com 816-523-4400 Note for Sale $140,00 $148500 Cash Flow $1200 a Don Tucker Secured by Home 20 yr month. Auto Draft GBI Funding In Blue Springs 8% Int Payment. 3 Pay- Don@GBIFunding.com $1200 ments made GBIFunding.com 816-523-4400 Kansas City MO $162,500 4: 2 bd Kansas City Home Jamieson Home Team Package 1: 3 bd Package of 5 Per- Reece and Nichols 64130 forming Properties BuyOrSellYourHomeKC.com 913-384-8331 3843 Thompson, $9,500 3 Bd Handyman Special Bemate Kansas City, MO 1 Ba in North-East Sakal Investing KCMO 913-735-9997 3766 Mercier ST $65,000 3 Bd Fixer-Upper in Roa- Bemate Kansas City, MO 1 Ba noke—Valentine Sakal Investing Area—$65k OBO 913-735-9997 Olathe $84,000 3 Bed Great Potential in Chad Bartlett 3.5 Ba Olathe!!! HomeRemedyKC.com 2 Car 913-735-5598 Slab Rogersville, MO Negotiable 4 Units 4 property package Kathleen Stegman for sale 913-208-0979 Page 20 MAREInet.com
  • 21. MAREI Member Properties MAREInet.com/Properties Raytown $167,000 7 Unit Raytown Cash Flow Terrance Benson Property— RTBHomeBuyers.com Assignment 816-804-5287 2120 SE 3rd St $135,000 3 bed Great home for your John Welchert Lee’s Summit, MO 2 bath home buyers, lease Broker / Salesperson Raised to own tenants, or Platinum Realty Ranch cash flowing rental. 816–522–0002 6149 Harvard $89,900 4 bed Short Sale, Local Scott Tucker Raytown, MO 3 Bath Bank. Bring Offers. Realty Resource 2 Car Second Living Qtrs in STucker319@gmail.com Lower Level 913-620-794 12019 E 86th St $157,900 3 Bed For your owner occu- Scott Tucker Kansas City, MO 2.5 bath pant buyers; Patio Realty Resource Raytown Schools 2 car Home, Maintenance STucker319@gmail.com Unfin Provided on Golf 913-620-794 bsmt Course Member Property Marketing Quick Tips:  The more words about the type of property, the type of sale, and the city and state that you include in your post, the more likely a person searching online will find your listing  Be sure to include a Photo as the featured image and a tag line that tells people why they would benefit from buying your property: rent ready, monthly cash flow, low rehab costs, high equity, turn key—what ever. “123 main street, 3 bed, 2 bath in KCMO does not sell a house, tell them why they should look at your house”  The HTML code provided to other sites does not always create a good post on the MAREI page. So if you use HTML, be sure to see what your property looks like on the main property page that lists all the properties together as well as on the page for the property. Go back and edit if you don’t like what you see. And HTML from other sites does not allow us to feed your prop- erty to the social media sites. Just an FYI!  Last we do need a property address. If you don’t provide and address, we can’t publish. Investment News Page 21
  • 22. DEMBER GIFT FOR MAREI MEMBERS There are three things that every Real Estate Investor must do . . . 1. Learn How to Put Together a Deal 2. Market Your Business 3. Fund Your Business For the month of December, MAREI would like to help their members with #3, Funding. While we have a packed library that will help you with all aspects of real estate investing, for the Month of November we would like to feature two items found in MAREI’s Online Library:  How to Get the Money You Need to Buy Property (Buy at Amazon $9.97) This is a 27 Chapter eBook that walks you through the steps that Real Estate Investor Alan Cowgill takes to find Private Lenders to fund his deals.  Tax Free IRA Investing (Buy from Walter, full Course $297) This is a 10 Video Course with Workbooks from Self Directed IRA Real Estate Investing Expert Walter Wofford, we have the first 5 beginner sections. The next 5 more advanced topics can be purchased. So where can you find this great information? Go to www.MAREInet.com/members-only/training/ You will need to log into the system This is a $160 value, way more than the cost of membership!
  • 23. MAREI’s December Meeting December Event! Special Guests Monthly Meeting Dan Goodwin Scott Ficinus Deb Felderhoff We have a wealth of knowledge in our MAREI membership and Location: in December we have invited some of our top experts to share some of that knowledge with you. So be sure to attend, ready Career Education Systems to take notes and get some very useful information. Ward Parkway Shopping Center Top Three Phone Aps: Dan Goodwin will be sharing his top Top Floor three aps that we can all implement on our smart phone and or 8600 Ward Parkway computer, tablet etc. Kansas City, MO Top Three Real Estate Industry Trends: Scott Ficinus is going to be sharing part of a presentation that outlines some of the top Times: trends right now in the Real Estate Industry. Top Three Mistakes New Investors Make: Deb Felderhoff is Tuesday December 11 going to be sharing the Top Three Mistakes that she sees many 6pm to 9pm new investors making. Agenda for Tuesday December 11 Cost 5:30 pm — Pre-Meeting & Set Up Investor Member—No Charge 5:50 pm — Orientation Business Member—No Charge 6:00 pm — Networking & Vendor Hall (reserve vendor table) Internet Member—Guest Fee 7:00 pm — Speed Networking 7:15 pm — Presentation: Top Three from Three Guest Fee with Dan Goodwin, Scott Ficinus and Deb Felderhoff $25 Per Person at the Door 8:30 pm — Wrap Up and One on One Q & A $15 Per Person on Web 9:00pm — Meeting Ends Go to MAREInet.com/December Register for this meeting NOW! All Guest Fees Paid will MAREInet.com/December Be credited toward membership when you join at the Meeting.
  • 24. Subscribe & Sync MAREInet.com/Calendar The MAREI calendar is hosted on Google Calendars. This allows you to subscribe to our calendar and sync it with your own Google Calendar, Mobile Calendar, or Outlook Calendars. Check calendar for times and locations. December 2012 Sun Mon Tue Wed Thu Fri Sat 1 Quick Books SG: Blue Springs / Independence Inv. Wichita REIA 2 3 4 5 6 7 8 SG: Lees Summit SG: Weekly Wed. SG: Connected Inves- SG: Blue Springs / Investors Network Networking tors—NEW Independence Inv. 9 10 11 12 13 14 15 SG: Lees Summit Deadline: Vendor MAREI KC South SG: Weekly Wed. KCIG Meets Deadline: Properties SG: Blue Springs / Investors Network Tables for KC South Networking & Articles for January Independence Inv. Meeting Shawnee County LL Meeting Newsletter 16 17 18 19 20 21 22 SG: Lees Summit Omaha REIA SG: Weekly Wed. SG: Blue Springs / Investors Network Networking Independence Inv. 23 24 25 26 27 28 29 SG: Lees Summit January SG: Blue Springs / Investors Network Independence Inv. Newsletter Published 30 31 1 2 3 Deadline: Vendor MAREI KC North Tables for KC North Meeting Meeting