The monthly newsletter for Mid-America Association of Real Estate Investors. Offering Networking and Education for area Real Estate Investors. Find us online at www.MAREInet.com.
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The Investment News: June 2011
1. MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS
Investment News NETWORKING : EDUCATION : COMMUNITY
Read Online www.MAREInet.com/Newsletter June 2012
Here’s to a Great Summer
Of Real Estate Investing!
June 12th: Meeting - Real Estate Trade Show
Pa
July 10th: Meeting - Canceled for other Options
ge
10 due to the All Star Baseball Game the Same Night
2. en ts
on t In this Issue of the
c Investment News
Page 3 Page10
Business Members Benefits at a Glance
Build your team with our Save with Discounts
Service Providers & In-
dustry Partners Page 12
Vendors
Page 6 Meet the Trade Show
Directors Notes Vendors
Page 18 Page 22
Calendar of Events Title Companies
Schedule Now What to look for.
Page 20
Page 8 MAREI Web Tips Page 24
2012 Trade Show Page 14 Member Forums Mid-West Real Estate
Who, What, When, Housing Recovery Investor Expo
Where & Costs. See Is it here, review some of Page 21
who will have a booth. the data. For Sale
Member Properties
June Meeting Page 15
Trade Show Welcome
New & Returning Members
Page 2 MAREInet.com
3. BUSINESS MEMBERS
MAREI Business Members are here to serve you in your Real Estate Business.
They specialize in Real Estate Professionals and have joined our association as a
Business. You can find out more about each of our Business Members at
www.MAREInet.com/Services .
Insurance
Alarm Systems Insurance
www.NREInsurance.com
www.DevconSecurity.com www.APIAprotects.com
Jim Jrolf
Gary Hartman Lisa Goodner
913-915-3232
913-991-1612 1-877-752-2742
1-888-741-8454
ghartman@devconsecurity.com lgoodner@apiaprotects.com
jj@nreinsurance.com
Investors Investors Property Management
www.kcmoHomeBuyer.com Profit-Ability www.abraxasmgmt.com
Kim Tucker Consulting Group Meka Cayce
816-200-2198 Mark Pantak 816-474-8800
kcmoHomeBuyer.com 832-766-6997 mcayce@abraxasllc.com
Property Management
Property Management
www.JamiesonHomeTeam.com Real Estate Brokerage
Kevin Jamieson www.MyPremierleasing.com
Jeff Wood www.RealtyResourceKC.com
816-503-4671 Kim Tucker & Staff
kevin- 816-841-9500
jwoods@mypremierleasing.com 816-523-4400
jamieson@reeceandnichols.com RealtyResourceKC@gmail.com
Staging Suppliers: Building
Suppliers: Building
www.ShowHomesKC.com www.CabinetGiant.com
Michelle Davis www.canyon-stone.com Josh Burns
913-449-3593 Matt Puckett 1-877-484-4268
mdavis@showhomes.com 913-254-9300 info@CabinetGiant.com
puckett@canyon-stone.com
Title Company Title Company
www.AccurateTitleCo.com www.Coffeltlandtitle.com
Jackie White / Mary Peterson Bud Whisler
913-338-0100 June 12th: Meeting - Real Estate Trade Show
816-581-2299
jwhite@accuratetitleco.com bwhisler@coffeltlandtitle.com
Investment News Page 3
4. Newsletter Information
Contact Information
Join in the PO Box 8685, Prairie Village KS, 66208
Phone: 913-815-0111
Conversation Our Mission Statement
Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate in-
—————— vesting and to protect and promote the best interest of our membership through educational and
networking opportunities as well as community, legislative and public relations.
Member Forums
http://mareinet.com/forum/ Legal Disclaimer
MAREI does not exist to render and does not give legal, tax, economic or investment advice and
disclaims all liability for the action or inaction taken or not as a result of communications from or to
its members, officers, directors, employees and contractors. Each individual should consult his/her
Social Media own counsel, accountant and other advisors as to legal, tax, economic, investment and related
matters concerning real estate and other investments.
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Content Disclaimer
Kansas City Real Estate by MAREI
The views and opinions expressed by authors of articles contributed to this newsletter do not neces-
LinkedIn Group: sarily reflect those of the association, the board of directors or the staff.
Kansas City Real Estate Investors
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ad will incur a minimum charge of $20. The deadline to submit ad copy is the 1st of
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Kansas City Real Estate Investors PDF preferred. There is an additional charge of $25 to typeset a business card ad or
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ad copy to info@MAREInet.com. Mail payment to MAREI, PO Box 8685, Prairie Vil-
lage, KS 66208 or request an online payment for to use credit or debit card.
Page 4 MAREInet.com
5. MAREI STAFF
& Volunteers
Executive Director Advisory Board / Membership Desk
Kim Tucker Scott Tucker
kim@MAREInet.com sTucker319@gmail.com
Investor : Realtor Realtor
Advisory Board Advisory Board / Membership Desk
Donald Tucker Dan Goodwin
DonTuckerRE@gmail.com DanGoodwin@kw.com
Investor Realtor : Short Sales
Focus Group Leader: Blue Springs / Lees Suumit Advisory Board / Membership Desk
Debra Felderhoff Shelda Goodwin
superiorrental@gmail.com SheldaGoodwin@kw.com
Landlord : Investor Realtor : Short Sales
Focus Group Leader: Weekly Wednesdays Advisory Board / Membership Desk
Michelle Winberry L. Scott Ficinus
mlwinberry@gmail.com Scott@Ficinus.com
Investor : Realtor Realtor
Focus Group Leader: Weekly Wednesdays Advisory Board / Membership Desk
Brian Winberry John Welchert
JWelchert@platinumrealtykc.com
Investor : Realtor : Investor : Landlord
Focus Group Leader: Women in Real Estate Focus Group Leader: Young Professional Investor
Focus Group Leaders: Transaction Engineers Focus Group Leader: Commercial
Focus Group Leader: Notes / Seller Finance Focus Group Leader: Advanced Investors
Investment News Page 5
6. Direc tor’s
for J une
N otes
Here in m office we have one of those investments that Our first tool was price, and we have reduced and re-
we lovingly call an “opportunity”. If you go see a lot of duced. So our next option was to offer to pay sellers
the Gurus who talk about how easy it is to invest in real closing costs and market home with an area program
estate. They don’t often talk about the “learning opportu- for first time home buyers called MHDC that will finance
nities” that they have had in their own offices. the down payment for them on an FHA loan. Another
option is to offer up bonuses to the buyer’s agent.
I want to talk about our opportunity for two reasons. First
I want you to know that even seasoned investors do get a Then we will turn to a few options that will open our
dud from time to time and we have to work through the house up to buyers who have not been looking, which
issues with them just like the brand new folks do. We just are buyers who cannot qualify for a loan. That means
might have a few more tools in the tool box to fix the we are looking at offering the home lease to own and
problems. Secondly, I want you to consider that the seller finance. These are tools in our box, but not quite
sooner you figure out you have a learning opportunity, in our realm of expertise. That means we have
and do something about it, the less money you are going reached out to a few experts in these areas to get help
to spend on this education. on these options.
So our deal was a great house in a great neighborhood. Which brings me to two more reasons to talk about a
Our plan was to purchase it, renovate it, and list it to sell. learning opportunity. Third, we want to let you know to
It is located in an awesome neighborhood that does not never be too proud to ask for help. We all need help
see a lot of turn over or resale homes historically in the from time to time, so if you are in a situation that you
past few years. We don’t even see a bunch of foreclo- don’t know what to do, please reach out and ask for it.
sures or short sales. Based on the data we have and the
Fourth, keep in mind the time value of money. Some
renovation we completed, we listed at what we thought
new investors will hold on to a dog investment be-
was a very fair price.
cause they don’t want to sell at a loss, which in turn
No one wanted to look at it. We had a packed open costs them more in holding costs and lossed income
house, the neighbors loved it. But no sale. We reduced that they might have made from another investment
the price. Two more higher priced houses listed for sale. should they have taken a loss on the dog and rein-
vested in something else.
A month later, we note that there is now a short sale
listed, and we have lowered our price again. We are still So at the Tuesday Meeting, please make it a goal to
going to make a few dollars, but not enough to really come home with materials from all the vendors and
make it worth our time and effort. business cards from at least 10 new people that you
can put in your database as someone to reach out to
No lookers and another month passes, 2 more houses
for help or to offer help when an ‘Opportunity” to learn
list. Now currently we are at bottom , break even price
comes up.
that based on comps is $30,000 less than what it should
sell for and $15,000 less than our very conservative See you next Tuesday at the Meeting
value. Including our home there are six homes listed for
Kim
sale. We are at the point we need to hit the tool box.
Page 6 MAREInet.com
7. Property Management
Section 8 Housing
Property Management
KC Metro Wide
Rental Services
Kansas City Metro Jeff Woods
Broker
www.JamiesonHomeTeam.com www.MyPremierLeasing.com
Kevin Jamieson 816-849500
816-503-4671
Sell Vacant Houses Faster
and for more money!
How? We transform vacant houses - often
“Presentation is Everything!” seen by buyers as stale, lifeless, unappealing -
into fully-furnished, inviting, valued Show-
homes. Now in our third decade of service to
Canyon-Stone.com Homeowners and their Realtors, we've become
America's premier home staging service coast-
550 E. 56 Highway, Suite B to-coast.
Olathe, KS, 66061
Our professional home staging services can add
Phone: (913) 254-9300 thousands of dollars to your sale price -- and at the
same time reduce the stress and expense of mar-
Fax: (913) 254-9301 keting your property.
info@canyon-stone.com
ShowHomesKC.com
www.Canyon-Stone.com Michelle Davis
913-449-3593
Investment News Page 7
8. 2012 Real Estate
Trade Show
Career Education Systems on the top floor
of Ward Parkway Shopping Center. Inves-
tor and Business Members can attend NO
CHARGE, non members can attend for a $5
donation to Harvesters or the donation of 3
non-perishable items. Member vendors can
reserve a vendor table for as low as $25.
In June, Mid-America Association of Real Es- There will be no speaker nor training sessions
tate Investors is Celebrating. It has been a at this event. It will one big Vendor Trade
great past year and we have grown our mem- Show with Vendors, General Marketing Table
bership over the past year and improved our for Flyers, munchies and door prizes.
organization. We thank all of our members, vol-
unteers, subgroup leaders, vendors and speak- We highly encourage all of our Business
ers who have contributed to our growth. Members to participate. We currently have
space for 2 more tables that can be reserved.
To celebrate, we are dropping our guest fees You can also bring a stack of business cards
for our June 2012 to just $5 for the month of OR flyers, work the room and have fun all
June and we are donating all of these fees to evening..
Harvesters Community Foodbank, a local food
provider for Kansas City residents. Business Members can reserve a vendor ta-
ble for no charge, and Investor & Internet
For the month of June, we are also holding our Members can reserve for $25. To register for
2012 Trade Show on Tuesday June 12 from a table or RSVP for the event, please go to
6pm to 9pm our regular meeting place inside of
Real Estate Professionals!
2012 Trade Show
June 12th Monthly Meeting: Agenda More info and Registration
http://www.MAREInet.com/June
Tuesday June 12th, 2012, 6pm 5:30 set up
to 9pm 6:00 Expo Hall all Evening
Door Prizes: Everyone will re-
Career Education Systems, Location ceive 1 ticket and can purchase
FREE for MAREI Members, Career Education Systems extra for $1 each. Funds to go
Non-Members $5 Donation to Ward Parkway Shopping Center—top to Harvesters. Giving away
Harvesters Community Food floor - 8600 Ward Parkway, Kansas several Real Estate Investing
Network City, MO Home Study Courses.
Page 8 MAREInet.com
9. www.MAREInet.com/June. responsiveness of a boutique the monthly Foreclosure Report
These spaces won’t last long, firm. Our team consisting of a for the Missouri side of the Kan-
so RSVP Now and join us at full time attorney and a staff of sas City Metro.
our 2012 Real Estate Trade trained title officers ensure that
Show and Celebration! each transaction is given expert Community Buying-
attention. Group, offers Members the
So who is already signed up to ability to buy like larger compa-
share their products and ser- Asset Protection Insurance nies, allowing smaller compa-
vices with you? Take a look Agency policy protects your nies to be more competitive.
through the next few pages. investment from the day you Through relationships with our
buy it to the day you sell it. This Premier Supplier Network, we
Accurate Title Company, is a covers rehab, sale and/or offer special incentives and
full-service title agency that rep- rental. pricing on products that our
resent a new breed of title com- Members use every day.
pany with the resources and Coffelt Land Title, provides
scope to handle even the big- accurate real estate title infor- (Continued on page 12)
gest most complex transac- mation, title insurance and es-
tions, but with the agility and crow services. We also publish
All Guest Fees donated to
Harvesters
Guest Fee Tonight Only $5
Or 3 Non-Perish Items
Please stop by Harvesters Booth at the meeting to find out how
they can take a $5 Donation and combine it with corporate donors efforts to create 25 meals, how you
and your company can help through donations and volunteering, and how they help feed Kansas City
Citizens every day! And visit their website at Harvesters.org.
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 Marketing
Affordable Landlord Websites with a
Screening for tenants & workers with 15% discount or free trial for members.
20% discount for members. Learn how to save money at Home De-
pot and register for a 2% Rebate for all
purchases & rentals across the US.
Plus 20% Discount on Paint in Kansas
City.
Websites for investors, landlords, and
Electronic collection for bounced other services. FREE trial.
rent checks. No charge to you.
FORMS & DOCS Service Provider
All members receive a discount card
Member Library is packed with forms to access our exclusive discounts up
and docs, plus 15 % discount at EZ to 40% off all paint, supplies, and
Landlord Forms for premium forms. flooring—nationwide.
Discount card for all members providing
a 10% discount on all services.
Market your rentals on the nations top
ranked rental site. Member discount
is 20% off Regular Prices. Members have access to many great News & Information
tools and savings including discounts
of up to 7% - nationwide. E-Update
Office Solutions
Our weekly email update with what’s
happening in real estate including
properties for sale, government af-
fairs and local market data.
Save on select FedEx Office copy and Discounts of products through Sears
print services up to 20% and on Commercial plus 5% off Gift Cards. Investment News
FedEx Shipping up to 22%.
The newsletter for Mid-America Asso-
Membership ciation of Real Estate Investors: pub-
lished monthly and distributed both in
print at our meetings and digitally to our
Receive discounts up to 65% on over database of over 5000 people.
12,000 products you use the most
online and in store.
FREE membership in Community Buy-
ing Group for all MAREI members to Continued . . . .
bring you even more great discounts.
Page 10 MAREInet.com
11. Member Service
We have several services as part
of our website to help you grow
Magazine for the real estate investor. your business.
With discount subscriptions for MAREI
members.
MAREI’s Government Affairs ac-
Other Discounts tively monitors national legisla-
tion and rule-making that im-
pacts the real estate industry and
harnessing the strength of MAREI
members at the grassroots level.
Calendar of Events to stay up to
date with all of our activities. MAREI mem-
bers also re-
ceive timely
Calls to Action
Nearly 70% of QuickBooks users say when there is a
that it makes their business more prof- time for our
itable. Get your Accounting on track. members to
Buy at a 40% discount through Na- take action on an important vote.
tional REIA.
Browse the member properties to Members also
find your next deal. Take the
REAL ESTATE BOOKS have access
time to post your investment op- to the latest
The nation’s largest provider of portunities for other members in Market
real estate training materi- and site visitors to browse. Data.
als, DEARBORN is America’s
Premier Real Estate Pub-
lisher. Members receive up to
40% off.
VISIT
The Member Library is packed
and ever growing with pdf ver- ww.MAREInet.com
sions of entire books, EBooks,
Special member discounts for Look under Resources -
Articles, Forms, and Documents.
members at Avis, Budget, and
Enterprise Rentals. Discounts
Investment News Page 11
12. Have you met our Vendors
Who will be at the Trade Show?
HUD owned homes.
Choice Cabinet offers built-to-order, all wood
cabinets with all the same features that custom
cabinets contain.
BMW Investment Properties, offers personal
coaching to walk hand in hand with you so you
get results in your real estate investing.
ShowHomesKC offers home staging with no up-
front fees that includes a home manager to pro-
(Continued from page 9)
tect your investment.
Home Depot, offers many ways for members to
Sears Home Improvement specializes in re-
save money, from their Volume Pricing Program
placement windows, siding, HVAC, entry doors,
at the Pro Desk, to valuable savings by signing
roofing, kitchens, bathrooms, garage doors, floor-
up as a Pro on their website, to our member’s
ing, and more...
only exclusive discounts 20% Discount on Paint
and 2% Rebate on all Purchases. National Real Estate Insurance Group the right
coverage at the right time: vacant, renovation,
Premier Leasing offers Property management
occupied.
for all your needs! Serving the Kansas City
metro area. We are also Section 8 housing Spe- Lowes offering MAREI members exclusive dis-
cialists! counts including a 5% discount for everyone with
a Lowes Accounts Receivable plus an extra 2%
Home Vestors, local franchisee, JD Asbell offers
for early payment.
more than just great properties. Through his
Destination for Properties find out about his Sherwin Williams offering MAREI members an
property management services as well as his exclusive discount card saving between 35 and
private lending. 40% on paint, supplies, and flooring.
Refined Interior Staging Solutions goal is to
help you sell your house within the shortest
amount of time with the highest price possible.
Citizen Tax Service, Certified Public Account-
ant specializing in real estate accounting and tax
planning. Get your accounting records organ-
ized and make better business decisions.
Arvest Bank offers both Secondary Market and
In House loan options for Investment and Com-
mercial properties.
Scott Harvey – HUD Listing Broker will be
there to answer your questions about purchasing
Page 12 MAREInet.com
13. Be sure to Wireless Security Systems
Join Now Keypad, 3 doors, 1 motion,
1 primary & 1 door siren
(Or Renew)
One time Charge of $99 plus tax
Go online at Includes installation
Requires 36 month contract.
Monthly Monitoring Fee $39.99
www.MAREInet.com
Sell house
For everyone that joins now or at the meeting transfer to new owner
on Tuesday we have several free giveaway or move to new house
items for you to choose from: DevconSecurity.com
Buying Real Estate without Cash or Credit
(Peter Conti & David Finkel)
How to Create Multiple Streams of Income
Buying Homes In Nice Areas with Nothing Down
(Peter Conti & David Finkel)
Www.CoffeltLandTitle.com
For title, escrow,
1031 & foreclosure.
Management Solutions
to help your properties
Operate Smoothly
Increase Desirability
Enhance Investment Value
Attract & Retain Tenants
Find us Online
www.AbraxasMgmt.com
816-474-8800
Bud Whisler
816-380-3441
Investment News Page 13
14. Housing Recovering
Is it Here?
Across the Real Estate Reporting agencies, data FHFA’s housing price index is calculated using
is pointing to a slow but steady housing recovery. home sales price information based off Freddie
Mac and Fannie Mae-backed mortgages.
(to read full articles and supporting data, click on
blue links when reading online at FHFA’s seasonally adjusted monthly index rose
www.MAREInet.com/newsletter) 1.8 percent in March over February, which is the
largest monthly increase in at least 20 years.
RealtorMag May 25th: Home inventories of for-
Year-over-year, home prices increased 2.7 per-
sale listings continue to fall, which may help raise
cent, FHFA reports.
overall housing prices as demand picks up.
"Increased affordability and a somewhat smaller
Inventory of for-sale single-family homes, condos,
inventory of homes for sale are positively im-
townhouses, and co-ops dropped by 18.85 per-
pacting house prices," says Andrew Leventis,
cent in April compared to a year ago, according to
FHFA’s principal economist.
housing data of 146 metro markets tracked
byREALTOR.com. Despite recent improvements in home prices,
the percentage of underwater borrowers has
“These key indicators continue to suggest the
shown little improvement in the last year. More
housing market may be at a turning point and
than 30 percent of home owners in the first quar-
headed towards a broad-based recovery,” REAL-
ter remained underwater on their mortgage, ow-
TOR.com notes in a release on its April housing
ing more on their home than it’s currently worth,
data. “Lower inventories, combined with faster
according to a new Zillow housing report.
moving markets and relatively stable median list-
ing prices are indicative of the kind of balanced A year ago, 32.4 percent of all borrowers had
housing market that has not been seen in many negative equity on their loan compared to 31.4
years.” percent during the most recent quarter, Zillow
reports.
On a national basis, the median age of inventory
dropped nearly 12 percent year-over-year. Yet, Zillow notes that nine out of 10 underwater
borrowers are current on their mortgage pay-
RealtorMag May 24th: The Federal Housing Fi-
ments.
nance Agency reported that nationwide home
prices posted their first gain in the first quarter "[It's] important to note that negative equity re-
since 2007. While the gain was modest at 0.6 per- mains only a paper loss for the vast majority of
cent, housing experts note it’s still another sign underwater home owners," says Stan
that the housing market is gaining momentum. (Continued on page 16)
Page 16 MAREInet.com
15. New Members Renewing
► Travis Abbot: Parker, CO
► George Cherian: Prairie Village, KS Since 2011
► Andrew Bacon: Parker, CO
► JE Hutchens: Blue Springs, MO Since 2008
► Adam Doran: Tonganoxie, KS
► Steve Hulme: Overland Park, KS Since 2011
► William & Tina Gentry: Kansas City, MO
► Steve Kelman: Mission, KS Since 2009
► Steve & Kelly Gilliland: Liberty, MO
► Mark Klinkenberg: Raymore, MO Since 2011
► Scott Harvey: Olathe, KS
► Richard Romines: Independence, MO Since 2011
► Christopher Heintzelman: Gardner, KS
► Renee Swain: Lees Summit, MO Since 2010
► Brian Johnston: Kansas City, MO
► Melissa Wurtz: Overland Park, KS Since 2008
► Maggie Lee: Stilwell, KS
► Kevin Mason: Leawood, KS
►
►
Paolo Mesia: Parkville, MO
Paul Panos: Parkville, MO
Business Members
► Corinna Sander: Gardner, KS ► Lisa Goodner with Asset Protection Insurance Agency
► Mike Stroud: Overland Park, KS Member Since 2006
► EzeQuiel & German Uresti: Lees Summit, MO ► Jim Jrolf with National Real Estate Insurance Group
► Marty Watson: Gladstone, MO Member Since 2008
► John Whitfield: Kansas City, KS ► Josh Burns with Cabinet Giant New Member
► Mary Wilcox: Independence, MO ► Bud Whisler with Coffelt Land Title New Member
Investment News Page 15
16. Real Estate Article
(Continued from page 14)
a new federal budget must be passed before
Humphries, Zillow's chief economist. "As home the end of the year for the economy to continue
values slowly increase and these home owners to move forward.”
continue to pay down their principal, they will
surface again." The housing forecast has been upgraded, with
existing-home sales expected to reach 4.66
Realtor.org, May 30th: Pending home sales million this year, compared with 4.26 million in
retrenched in April following three consecutive
2011. The outlook for 2013 is now 4.92 million,
monthly gains, but are notably higher than a
but could vary significantly depending on two
year ago, according to the National Association
scenarios.
of Realtors®.
If lending returns to normal, the 2013 outlook
The Pending Home Sales Index,* a forward-
for existing-home sales would measurably im-
looking indicator based on contract signings, de-
clined 5.5 percent to 95.5 from a downwardly
prove to 5.3 million. However, a fiscal cliff sce-
revised 101.1 in March but is 14.4 percent above nario of higher taxes and sharp spending cuts
April 2011 when it was 83.5. The data reflects beginning in early 2013, which is an unlikely
contracts but not closings. event but still worth noting, would lower the
sales projection to 4.5 million.
Lawrence Yun, NAR chief economist, said a one
-month setback in light of many months of gains Because of measurably lower inventory sup-
does not change the fundamentally improving plies, the forecast for home prices has been
housing market conditions. “Home contract ac- upwardly revised with the median existing-
tivity has been above year-ago levels now for home price projected to rise 2 to 3 percent this
12 consecutive months. The housing recovery year and 4 to 5 percent in 2013, with wide local
momentum continues,” he said. market variations.
Yun notes home sales are staying well above To access sales data, please go to: http://
the levels seen from 2008 through www.realtor.org/research-and-statistics/
2011. “Housing market activity has clearly housing-statistics Local data can be found at
broken out at notably higher levels and is on http://www.kcrar.com/market-statistics
track to see the best performance since 2007,”
he said. “All of the major housing market indi-
cators are expected to trend gradually up, but
Page 18 MAREInet.com
17. Visit
www.MAREInet.com/PMB
Or email
info@MAREInet.com
Investment News Page 19
18. CALENDAR OF EVENTS
Locations, Costs & Registration
At www.MAREInet.com/Calendar
Wednesday, June 5th Saturday, June 23rd
9:00am Sub-Group: Weekly Wednesdays 4:00pm Sub-Group: Blue Springs / Inde-
pendence Real Estate Investors
Saturday, June 9th
4:00pm Sub-Group: Blue Springs / Inde- Sunday, June 24th
pendence Real Estate Investors 9:00am Sub-Group: Lees Summit Real
Estate Investors
Sunday, June 10th
9:00am Sub-Group: Lees Summit Real Es- Wednesday, June 27th
tate Investors 9:00am Sub-Group: Weekly Wednesdays
Tuesday, June 12th Saturday, June 30th
Monthly Meeting Career Education Systems, 4:00pm Sub-Group: Blue Springs / Inde-
Ward Pkwy Shopping Center pendence Real Estate Investors
5:30pm Pre-Meeting—Set up Sunday, July 1st
6:00pm Monthly Vendor Hall / Networking 9:00am Sub-Group: Lees Summit Real
Estate Investors
Wednesday, June 13th
Wednesday, July 4th
9:00am Sub-Group: Weekly Wednesdays
National Holiday, no Meeting
Saturday, June 16th
Tuesday July 10th
4:00pm SubGroup: Blue Springs / Inde-
pendence Real Estate Investors Major League Baseballs 83rd All Star Game
and Events here in Kansas City. No Meet-
Sunday, June 17th
ing, watch for alternative events.
9:00am Sub-Group: Lees Summit Real Es-
Tuesday, August 14th
tate Investors
Lease Options with Marck DeLatour
Wednesday, June 20th
Saturday, August 25th
9:00am Sub-Group: Weekly Wednesdays
Realty 411 & reWealth present their Mid-
June 20th—27th West Real Estate Investor Expot
MAREI offices closed. Directors travel to Na-
Sunday, August 26th
tional REIA Mid Year Conference
Bus Tour with SBD Housing
Page 18 MAREInet.com
19. For Investors By Investors
In this market, you want an agent on your side
that has the knowledge, the ability, www.APIAProtects.com
1(877) 752-2742
the EXPERIENCE, Lisa Goodner
and the resources to help you!
Because APIA sells only Real Estate Owned
(REO) and Forced Lender insurance coverage,
we've become the industry leader in providing
comprehensive, affordable coverage to inves-
tors, financial institutions and mortgage compa-
nies.
Our company specializes in Real Estate Owned
(REO) and Forced Lender insurance coverage
for property investors, servicers, financial insti-
tutions and mortgage companies. Standard in-
surance companies also turn to us for our ser-
Realty Resource
vices.
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816-523-4400
www.RealtyResourceKC.com
HOUSES WANTED
Built After 1950
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that with out houses! Bring us a deal! Short Sales
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Submit Online: kcmoHomeBuyer.com www.MAREIU.com
Investment News Page 23
20. Using the Member Website
Accessing the Forum
. We recommend you check out the MAREI Member Forums. This is where you can
ask a question about anything real estate related or business related. This is not a
place to “advertise” yourself by just posting ads, but you can still advertise in a
sneaky and devious manner . . . Interacting with the other members.
On the past two pages, we walked you through updating your profile. Now when you visit the “Member Forums” and see
other people posting questions, you are more than welcome to share you knowledge and post a responses that fits the
question. When you make a response, your contact name will appear with a link. They click on the link and your bio will
come up.
We further suggest putting a signature line at the bottom of your post:
So first how do you get to the member forums?
If you are still logged in from updating your member profile, you will probably
still be in your “Dashboard”. You need to navigate from the “Dashboard” back to the main site. To do this, hover your
mouse over the words “MAREI member forum” at the top left and you will see a link open up that says “Visit Site” - click that
to go back to the main site.
From there, go to the “Resources Tab” and click on the little downward pointing carrot and select “Forum” in the drop down
menu.
If you are starting fresh and have not yet logged in, go to www.MAREInet.com. From there, go to the “Resources Tab” and
click on “Forum” in the drop down menu. Last you would need to scroll to the bottom right hand corner and log in, when you
log in, you should remain on the page where you started.
Once you are on the forums and logged you will see we have quite a few forums. If there is one topic of particular interest
to you, click on it and Subscribe.
For now we will show you how to Subscribe to the “Available Whole-
sale Properties” under the “Wholesaling Forum.”
Step One: click on “Available Wholesale Properties” listed within the
Wholesaling Forum
The forum will open up .
Step Two: click on the Subscribe on the tab.
Now whenever anyone makes a post of a property for sale, you should receive an email.
You can subscribe to any forum you like or if you are getting post you don’t really want, you can do the same basic steps to
unsubscribe.
Page 20 MAREInet.com
21. INVESTMENT OPPORTUNITY
Member Properties
More at MAREInet.com/Properties
109th & Marsh $34,900 3 bed Great Opportunity on Don Tucker
1.5 bath this turn key rental 816-523-4400
Kansas City, MO 1 car gar home in South Kansas kcmoHome-
Basement City Buyer@gmail.com
Www.GBIfunding.com
4025 Agnes $45,000 4 bed ROI with cash sale— Laura Johnson
2 bath 15%. ROI with Finance Adept Properties
Kansas City, MO Full bsmt d sale 48% adeptproper-
ties@gmail.com
AdeptPropertiesLLC.com
19418 E 5th Ct N $45,000 4 bed Needs very little to b e Rick Zeitun
2 bath rent ready or could Prime KC Homes
Independence, Mo 2 car make easy flip property 913-461-8560
in the low $80s PrimeKCHomes.com
209 NE Country Ln $157,000 3 Bdrm Rehabbed home in Lees Listed by Paula Hight
2 bath summit from Greg with Platinum-
Lee’s Summit, MO 2 Car Gar Billeisen. RealtyKC.com
816-820-1144
609 SE Douglas $89,000 2 bdrm Excellent Rental Prop- Russell Armstrong
1 bath erty, Ready to Occupy Mid-West Cottages
Lee’s Summit, Mo 2 car in Lee’s Summit Mo 888-689-6878
11829 W 100th Tr $129,900 3 bdrm Just off Quivera, liv- Don Tucker
2.5 bath able, comps near $200k 816-523-4400
Overland Park, KS 2 car kcmoHome-
Buyer@gmail.com
2236 Quincy $12,500 3 bdrm Handyman Special, Christoph Becker
1 bath Easy Rehab Blueprint Properties
Kansas City, MO Full bsmt 816–419–1165
BlueprintPropertySolu-
tions.com
13035 Canaan Dr $389,000 Restaurant Turn Key—Pizza Place. Adam Doran
Wholesale Priced Make It Move Props.
Bonner Springs, KS 913-735-5673
makeitmoveproper-
ties@gmail.com
Investment News Page 25
22. What to look for in a
Kansas City Area Title Company
lost due to skittish buyers or sellers on the other end
of the transaction.
From Accurate Title Company 4. Affordable Rates:
1. Your Title Company
Do a quick survey of fees among title companies.
Always choose your own real estate title closing Most will have similar fees. Some will offer special
agent to guarantee against any conflict of inter- deals for buyers or sellers who do repeat transac-
tions. Here in Kansas City, one common fee is an
est. Problems can arise when a title company is
extra fee if no Real Estate Agent is part of the trans-
owned by the mortgage broker or lender. By request- action, so be sure to find out these bonus fees up
ing that your lender use a title company that you front. Don’t wait till closing to find out about fees, so
have selected, your best interests are protected. you don’t have extra fees pop you really don’t want
the day of closing.
2. Attorney on Staff.
Having an Attorney on Staff that is highly familiar with 5. Friendly & Prompt Service:
Real Estate means that every transaction is subject Having a title company that will offer the extra service
can often save you time and money. Having numer-
to a high level of independent legal real estate ous ways to communicate including phone, fax, and
experience. This also ensures that the company has email as well as face to face will accommodate all of
the resources available to anticipate problems and your buyers and sellers. When you need a closing at
a remote location, for example a buyer or seller who
address them if they arise. The result is an efficient
might be out of the country or in the hospital, having a
transaction that closes smoothly and free of prob- way to get the paperwork and notary to them is vital.
lems, both for the Seller and the Buyer or owner refi- Secondly having a company that can push the en-
nancing. velop and turn around a file in a day or two or will of-
2. Experience: fer extra services when you need estimated HUDs for
Look for a company that has been in business with Short Sales, or help with a quick question on title or
experienced staff who have established business re- closing rules at the end of a phone call can save you
lationships with the associations, lenders, and integral time and money.
support companies providing management, insur- Many will also offer extra services like 1031 Ex-
ance, realty, survey, and appraisal services in the change, Ownership & Encumbrance Report. Many
area. This will allow them to completes every transac- will also have a complete set of forms and contracts
tion smoothly and quickly, with no time lost tracking to help you put together a transaction.
down the people and companies necessary to get the
real estate transaction completed. An experienced So as you build your real estate investing team,
title company and experienced staff can get your spend some time in finding the right title company
transaction closed more efficiently and with less is- before you need them so you have the time to get the
sues popping up. one who will represent your interests. Then take the
time to get set up with them. If you are buying in an
3. Local Convenience: corporate entity, get your necessary paperwork that
Having a established local company is going to be they are going to prove the entity does exist and that
able to access local systems and be more convenient you have the authority to sign for company in place.
to your buyers and sellers and allow an on hands ap- A good company will want to keep this on file.
proach. When working with a jumpy buyer or seller
having a local, professional to apply hand holding can
help you complete your transactions, often times get-
ting some transactions closed that might have been
Page 22 MAREInet.com
23. Affordable, Hands-on
Mentoring in KC
"Doing Deals”
Property Insurance for
Experienced Investor/ over 150 deals done/ all
Rental, Vacant & Construction
areas creative finance / Wholesaling/ Seller
Finance/ Subject to / Short Sales/ Private Residential & Commercial
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Cash Buyers / Apartments & MORE!
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package Or complementary appointment / Toll Free: 888-741-8454
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accurate
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Title Services Provided for: We Have The Best Prices
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New Construction Closings Everything Is In Stock
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Doc Prep, Prelim HUDS, Curing Issues
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Josh Burns
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Investment News Page 27
24. Celebrate Our NEW Magazine & Newspaper at...
The Mid-West Real Estate
Investor's Expo
Mingle With Vendors, Receive FREE Gifts, Learn from the Best!
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Learn About TOP NATIONAL Markets:
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Network with Local and Out-of-Town
Investors, Area Business Owners & Real Estate Industry Leaders.
GUEST SPEAKERS
Marck Delatour Tim Norris, Lloyd Segal,
SBD Housing So- President of Na- Trained as an at-
lutions, formed tional Real Estate torney, working
in 2003 to capi- Insurance Group as a mortgage
talize on the and Affinity banker, real es-
growing number Group Manage- tate investor, and
of financially dis- ment is an in- public speaker.
tressed homes in the Kansas dustry-recognized investor, Author of
City area. Since that time, SBD speaker and educator. He is “Everything You Wanted to Know
has grown to become the pre- Treasurer of the National REIA About Chapter 11 Bankruptcy . . .
mier supplier of foreclosure and and is a member of their Indus- But Were Afraid to Ask” and
pre-foreclosure homes in the try Partner Council. Tim is an “Stop Foreclosure Now”. Founder
Jackson County Area, attracting active real estate investor and of California Foreclosure Institute
investors from all over the resides in the Kansas City area which provides in-depth educa-
world. with his wife and 2 daughters. tion on all aspects of foreclosure.
Hilton Garden Inn Independence RSVP: FREE VIP Passes
19677 East Jackson Drive http://mid-westrealestateexpo.eventbrite.com/
Hotel Phone: 816-350-3000 Or call 310-994-1962
Independence, MO 64057
Email: realty411guide@msn.com
Saturday, August 25, 2012 Find out about the Bus Tour on Sunday the
from 9:00 AM to 4:00 PM (CT) 26th (Prices: $95 for 1 / $145 for 2)