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MID-AMERICA ASSOCIATION OF           REAL ESTATE INVESTORS



Investment News
NETWORKING : EDUCATION : COMMUNITY                September 2011




                  The New Land Rush
                        See Page 8
MAREI
                                                        Notes
                    Contact Information

                    PO Box 8685, Prairie Village KS, 66208

                    Phone: 913-815-0111 Fax: 816-523-4448



                    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.



                    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
                    own counsel, accountant and other advisors as to legal, tax, economic, investment and related
                    matters concerning real estate and other investments.

         Honors     Content Disclaimer
         Of Merit   The views and opinions expressed by authors of articles contributed to this newsletter do not neces-
                    sarily reflect those of the association, the board of directors or the staff.

                    Advertise in the Investment News
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Page 2                                                                                               MAREInet.com
MAREI
                                                              Staff

Kim Tucker 816-523-4400         Don Tucker 816-523-4400       Steve Burns
Director                        President                     Audio Visual
Kim@MAREInet.com                Don@MAREInet.com              cashflowtreasures@gmail.com




John Welchert                   Dan Goodwin 913-642-5218      Shelda Goodwin
Meeting Ambassador              Meeting Ambassador            Meeting Ambassador
816-268-3849                    DanGoodwin@kw.com             SheldaGoodwin@kw.com



volunteers:           Be sure to thank our volunteers who
help out at each and every meeting making sure the entire
meeting is a success. If you would like to volunteer from
time to time to help set up, take down, or check in, or as-
sist for a few hours in the business office, please email
info@MAREInet.com or call 913-815-0111.
                                                              Scott Tucker
Special Thanks to Marty Seiss and Melissa Wurtz for their     Meeting Ambassador
                                                              STucker319@gmail.com
assistance this past month.


 Investment News                                                                            Page 5
m ar ei
    BUSINESS MEMBERS
                    ADDRESSING THE NEEDS OF

Type         Company
                    THE REAL ESTATE INVESTOR  Web                      Phone          Contact

Attorney     Wise / Anderson                  BobWiseLaw.com           816-942-5925   Bob Wise

Contractor   Te-Tee Light                     MAREI Vendor             816-356-1870   George Bai

Insurance    APIA                             REOIns.com               877-752-2742   Lisa Goodner

Lender       Argentine Federal Savings        ArgentineFed.com         913-402-1500   Ann Wilkinson

Prop Mgr     Abraxas Prop Mgmt                AbraxasMgmt.com          816-474-8800   Meka Cayce

Prop Mgr     Jamieson Home Team               JamiesonHomeTeam.com     816-503-4671   Kevin Jamieson

Realtor      Realty Resource                  RealtyResourceKC.com     816-523-4400   Kim Tucker

Security     Devcon Security                  DevconSecurity.com       913-907-4942   Marian Collins

Supplier     Canyon Stone                     Canyon-Stone.com         913-254-9301   Matt Puckett

Title        Accurate Title Company           AccurateTitleco.com      913-338-0100   Jackie White

Wholesale    kcmoHomeBuyer                    kcmoHomebuyer.com        816-200-2198   Don Tucker




                                         Real Estate Investors and Landlords depend on a well
                                         rounded team of professionals. If you are building your
                                         team or looking to make a trade, start your recruiting with
                                         our Vendor Members and Business Associates. See a
                                         complete list of suppliers and any discounts they may of-
                                         fer to MAREI members by visiting, www.MAREInet.com.
                                         Look in under the Benefits tab under “Service Directory”.



                                                           http://mareinet.com/associates

Page 4                                                                                MAREInet.com
Contents
               MAREI News
 Next Month                                       In This Issue
 Mortgage Fraud with                              MAREI Business Members                         2
                                                  MAREI Meeting Staff                            5
 Julia Jensen, FBI
                                                  Notes from Director                            6
                                                  The New Land Rush—Farmland                     8
                                                  Being Rich more than Money                    10
                                                  Investors Wanted: Ideas for Govt REOS         12
                                                  Marketing Plan: 10 Steps                      14
                                                  MAREI Market Data Report                      16
                                                  Home Depot Checks                             18
                                                  Calendar                                      22
                                                  Updating your Specialty in your Profile       24
                                                  Classifieds                                   25
                                                  Welcome New Members                           26




 More Stories on the Blog                     ‫׀‬    Facebook / LinkedIn
    Is Real Estate in a Slump                       Home Prices Rise for 4th
                                                      Straight Month
    Be Prepared for Appraisal Delays
                                                     Unemployment Drops in 7 of 10
    $5000 Grants for First Time Military             US Metros
     Buyers.
                                                     Several Deal Posts on Linked In
    From Appraisal News : too many inter-           New Facebook Group: post your
     esting economic facts to list—click to           deals here
     read all of them!


Investment News                                                                             Page 3
Director’s Notes
         Wow, what a year of ups and downs. The econ-             ship. We are also seeing a huge increase in the
          omy is up one day and down the next. Housing             number of houses our members are offering for
           sales are up and then they are down. Employ-               sale on the Classifieds. And the really telling
         ment is rising, but it’s not. I think rather than in a   factor to the Economy, at least in Kansas City, is
          up and down cycle that everything seems to be              that the Kansas City Star seems to be getting
                                      going around in circles.    bigger. Every week the sections seem to have a
                                                                      few more ads and maybe another page extra
      But I have noted that when the media was hinting
                                                                  here and there. Now I know the paper will never
     at the housing bubble and the recession was start-
                                                                        be the size it was because the internet has
      ing we noted that membership started decreasing
                                                                       changed the way newspapers work, but it is
       at MAREI. We also noted that we had fewer ad-
                                                                     growing and I think it is a sure sign that things
     vertisers and business members. I also noted that
                                                                                        are getting better, bit by bit.
         the Kansas City Star Newspaper seemed to be
        getting thinner and thinner, the Real Estate Sec-         We have added a new feature to help you make
                           tion shrinking with fewer ads.           your own decisions on how things are doing lo-
                                                                  cally and across the country: the MAREI Market
                           Now over the past 6 months we
                                                                    Report. You can see some out takes of the full
                             have had a large influx of both
                                                                      report on page 16 and members can log into
                            brand new members and mem-
                                                                      the website and access the full report for July
                          bers renewing their memberships
                                                                     2011. I hope you will find this a helpful tool in
                            that we have not seen for a few
                                                                       your business. It is a evolving tool as we are
                            years. I would love to welcome
                                                                   looking for data providers for some information,
                              all of you into the new and im-
                                                                      if you track real estate and or economic num-
                           proved MAREI, we have figured
                                                                     bers and would be willing to provide a chart or
                          out how to provide you more with
                                                                                            two, please let me know!
                           the same low membership fees.
                                                                                                                      .
        In the past month or so we have started adding
      brand new Business Members. These are grow-
       ing small businesses that are starting to expand
                                                                                                          Kim Tucker
        and want to earn your business here in Kansas
      City, so be sure to welcome them to our member-                                              Director of MAREI




Page 6                                                                                          MAREInet.com
Our Home Depot Guys!




                             August Speaker:
                             Michael Charest




Working on our Big Rocks &
Weekly Planner




 Investment News                               Page 7
the New Land Rush
                           FARMLAND
     You may have seen the article about us that appeared in        “Boomers” - those who had waited for the cannon’s
     this mornings KC Star. It got me to thinking that a lot of     boom before rushing into the land claim - found that a
     buyers may not recognize that rural property, particularly     number of the choice plots had already been claimed by
     land has actually turned out to be a good investment as        “Sooners” who had snuck into the land claim area before
     we work our way through what has now become a multi            the race began. The impact of the land rush was imme-
     year slump. I found this article from INVEST magazine          diate, transforming the land almost overnight.
     that I thought I share with our readers.                       Over 100 years later, we are in the midst of a second
                                                                    rush for land. When it is over it will go down as the
     At precisely twelve noon on September 16, 1893 a can-          greatest land rush in United States history far eclipsing
     non’s boom unleashed the largest land rush America ever        the Oklahoma land rush of the 1890’s.
     saw. Carried by all sorts of transportation - horses, wag-     How will it be different? Baby Boomers, investors and
     ons, trains, bicycles or on foot - an estimated 100,000        institutional investment firms are preparing to buy over
     raced to claim plots of land in an area of land in northern    one-half of the useable land in the U.S. in the next ten
     Oklahoma Territory. There had been a number of previous        years. Are you aware there is approximately 1.6 billion
     land rushes in the Territory - but this was the big one.       acres (Yes, billions – with a big B!) that can be bought
     Many would be disappointed. There were only 42,000 par-        and sold? The potential is for millions and millions of
     cels of land available - far too few to satisfy the hopes of   land deals in the next few years.
     all those who raced for land that day. Additionally, many of
     the



                 Monthly Meeting

August Monthly Meeting:                                 Don’t miss this event!
 Tuesday September 13th, 2011, 6pm to 9pm
   Career Education Systems, Ward Parkway Shopping Center
   FREE for members, Guests $25 at the door, $15 if you pre-register

Agenda
  5:30 Premeeting—Marketing Tools                  7:00 Announcements / Haves & Wants
  6:00 Check in / Vendors / Networking             7:30 Presentation



Page 8                                                                                               MAREInet.com
Just like the previous “land rush”, the
demand for land it is going to trans-
                                              Coral, FL. She found lots for sale on or
                                              near the water at about a third to half
                                                                                         speaker
form who owns land in our country and         below their peak prices of two years
what they are going to use it for.            ago. On a larger scale, H. Ray Alcorn      Agenda
In last month’s article, I wrote how          Jr., an investor in VA, is picking up
Baby Boomers are buying land in all           commercial and residential parcels af-     Cropland Investing 101
shapes, sizes and types. Let’s read           ter two years on the sidelines. Mostly
                                                                                             How do I know I am buying good
what the media is saying who else is          using cash, he has bought more than            land?
participating in this modern day rush         100 acres throughout Virginia this year,
                                                                                             How do I find and negotiate with rent-
for land:                                     much of it at reduced prices, and he
                                                                                             ers?
                                              has options to buy more.”
Wall Street Journal                                                                          How do I know I’m not paying too
                                                                                             much or not getting enough return on
“Is it still possible to make money in        www.Bloomberg.com
                                                                                             rental income?
real estate? With home prices continu-        “…farmland is having its biggest
ing to plummet, many people have              revival in almost 30 years as de-             Can I be sure my land will not be
                                                                                             damaged?
finally stopped seeing their family           mand for corn and soybeans from Asia
manse as a big bottomless bag of cash.        and the ethanol industry drive com-            What are the risks in cropland invest-
But look beyond your front door,              modity prices to record highs. From            ing?

and you’ll find some alternative              Iowa to South Dakota to Wyoming,              Should I be afraid of a cropland bub-
real-estate related opportunities             gains in rural land prices have ranged         ble?
that are holding up despite the               from 78 percent to more than 200 per-      Brad Gaughan, sales agent for Rural KC,
current economic downturn in-                 cent, according to farmers and data        refers to it as ―Cropland Investing 101.‖
cluding rural land. Rising food               from Farm Credit Services of America.”     Tuesday September 13
prices, demand for corn-based ethanol         “TIAA-CREF, the largest U.S. manager
and a growing desire by many urban-           of retirement funds, bought $340 mil-      7:30 pm to 9:00
ites for a place in the country are mak-      lion of farmland in seven states in De-    At Monthly MAREI meeting
ing rural land more valuable.”                cember. George Washington University
                                              plans to earmark $100 million for agri-
The New York Times                            cultural investments during this year. “   http://www.landflip.com/, the premier
“The real estate market may have              “Farm values probably will rise at an      land website, recently conducted a poll
cooled, but investor demand may               annual rate of 6 percent to 10 percent     asking “When are you likely to pur-
soon be heating up for at least one           in the next five years,” said Murray       chase land?” 73% responded said they
type of property: LAND. Some of               Wise, the CEO of Westchester Group         plan to purchase land in the next 12
the most attractive deals lately have         Inc., manager of $550 million of global    months!
come from land developers and home            farm tracts. In comparison, the median
builders, who are divesting parcels in        U.S. home is forecast to gain 1.2 per-     What is creating such an interest
many parts of the country as they             cent through 2010 and stay below the       in land?
whittle down excess housing inventory.        2006 peak of $221,900, the Mortgage        Retiring Baby Boomers – In my pre-
Even smaller landowners, facing their         Bankers Association in Washington          vious article, I documented that many
own financial strains, are selling off lots   said.                                      Boomers are nearing retirement. Here
once meant for building.”                     “It’s just crazy out there right           is a snapshot of this group:
“The time is ripe to start looking; I         now,” said Mac Boyd, 65, a real estate     10,000 Boomers will retire every 24
haven’t seen this market in 20 years,”        broker in Arcola, IL, who has sold         hours!
said Jaime Raskulinecz, a real estate         farms for more than three dec-              17 trillion dollars are going to flow
investor from NJ, who wants to buy            ades. “The land market has never               out of retirement accounts over
land in the hard-hit market of Cape           been stronger.”                                                      (Continued on page 20)




  Investment News                                                                                                          Page 9
Being Rich
                                  More than Money!
           “Being Rich is about more than Money”                  eating up much of Jack’s time with his family. Espe-
                                                                  cially upsetting to Jack was the weekend and evening
     Many people think that being rich is about having
                                                                  time these properties ate up. This was time he would
     enough money to do whatever you want. However,
                                                                  rather have spent coaching his son’s sports team and
     these same people miss an IMPORTANT POINT.
                                                                  watching his daughter’s theatrical productions.
     Having millions of dollars may make you ―financially
     rich‖. However you will have lived a ―poor life‖, if you     The sandwich shop also made money. However,
     were a ―slave to money‖ and did not have adequate            Jack was surprised at how hard it was to find de-
     time for family, friends, and the many other enjoyable       pendable employees. Whenever an employee did not
     things life has to offer. The following stories illustrate   show up, Jack or his wife often had to fill in. Several
     this point.                                                  times Jack had to cancel or postpone the family vaca-
                                                                  tions due to employee issues.
     Jack’s Story
                                                                  Yes, in the end, Jack’s investments made ―good
     Shortly after Jack turned thirty, he married his college
                                                                  money‖. However, his investments had made a sig-
     sweetheart. Jack was a sharp and thoughtful guy, as
                                                                  nificant negative impact on his family life, as well as
     well as a meticulous planner. Jack saw all the layoffs
                                                                  his ability to spend time with friends and on other
     happening in the corporate world, and wanted to es-
                                                                  things he loved to do. There was many a time when
     tablish a safety net for his upcoming family beyond
                                                                  he wondered whether all the extra money was worth
     the fragile sanctuary of his day job. He was deter-
                                                                  the sacrifices he made.
     mined to give his two kids a better quality of life than
     he had growing up.                                           Jill’s Story
     Jack invested in rental homes. He also bought a              Jill was an average student and never finished col-
     sandwich shop franchise.                                     lege. However, Jill had a lot of ―common sense‖.
                                                                  When Jill settled down, she decided that her family
     Over the years, Jack did make money on his real es-
                                                                  would not be dependent on corporate America for
     tate investments. However, he also found some very
                                                                  their long-term well being.
     unpleasant surprises. Tenant turnover was a big
     problem. Repairs and re-renting the properties were          Jill worked for a few years in advertising, then got
                                                                  married and had three children. Even before marry-
                                                                  ing, Jill began investing in real estate. Jill marketed
                                                                  all of her homes as ―lease/purchase‖. She gave the
                                                                  tenant a locked in sales price, and three years to pur-
                                                                  chase. In exchange, the tenant assumed the repairs
                                                                  and maintenance responsibilities of the home. This
                                                                  trade-off worked for both the tenant and Jill. The ten-
                                                                  ant got a fair deal on the home, and Jill found that she
                                                                  was able to build up a nice portfolio of homes without
                                                                  the typical problems (a lot of time, energy, and head-
                                                                  aches) inherent in most rentals. Because of her real
                                                                  estate success and ease of investing, she saw no
                                                                  need to consider other businesses (like a sandwich
                                                                  shop).
                                                                  Jill made ―great money‖ from her real estate invest-
                                                                  ments. However, most importantly, Jill’s investments
                                                                                                           (Continued on page 11)




Page 10                                                                                            MAREInet.com
never took up a significant portion of                   Five Questions for Choosing Regular Riches
her ―invaluable and irreplaceable
time‖ with family, friends, and her                             Buy Low : Rent Smart : Sell High
other interests. Best of all, she felt
like she was living a ―full and wonder-   Put your investment to the following test, asking these five questions. Yes
ful life‖.                                to 4 or 5 indicates an investment opportunity that has the potential to pro-
                                          vide ―Regular Riches‖, and worthy of further research and consideration:
Regular Riches
Sadly, we all know plenty of Jacks.           1. Does the potential investment have the ability to get more lucrative
People who seem to be a slave to                 and easier over time (greater profits, less time)?
the very investments that were in-
                                              2. If examined on an hourly basis, will the potential investment pro-
tended to provide ―freedom‖ for them
and their families. The investors do             duce returns of at least 3-4 times higher than the investor’s hourly
their best job to rationalize with de-           pay on his/her day job?
fenses, such as ―I am doing this for
                                              3. Does the investment have the ability to scale back (e.g. ease of
my kids‖ or ―one day this is going to
pay off‖. However, they often miss               exit strategy such as slowly sell off properties or a partner that is
out on many of life’s most precious              willing to buy out your share in a successful business)?
gifts….quality time with family,
friends, and other interests.
                                              4. Does the investment opportunity produce passive income, where
                                                 you could simply do almost nothing for many months and still col-
We can speak from experience. We                 lect big profits (regular rent checks, royalties, cash from an ongo-
are ―regular people‖ like you. We
have always tried to live good lives,            ing business)?
make an honest living, invest on the          5. Does the investment opportunity have a good chance to be profit-
side, spend quality time with family             able during bad economic cycles?
and friends, take nice vacations, en-
joy hobbies, and more.
When Scott met Andy in the late           5 – 6 hours per week. More impor-         definition of a ―full and wonderful‖ life
1980’s, he was managing a portfolio       tantly, during this time we have en-      may vary. However, what will always
of headaches (pure rental properties)     joyed a higher quality of life with our   be the same is having enough TIME
that were eating up a lot of his time     families due to the financial freedom     and MONEY (not simply one or the
and energy. The money was pretty          that comes with ―smart investing‖.        other) for what one truly loves.
good, but it wasn’t making up for the     Don’t be a JACK! Life is so short,        How can one tell if the investment he
hassles. Because of this negative         and it is not enough to end up with a     or she is considering will produce
experience, Scott almost decided to       huge pot of gold. Rather, be a JILL!      REGULAR RICHES and truly en-
give up on real estate investing.         It is more important to enjoy the jour-   hance their lives like Jill’s invest-
However, both considered that the         ney of life along the way. This is        ments did? Here are five questions
flaw may be with the system               what we refer to as ―REGULAR              we suggest you ask yourself before
(landlording), not the investment         RICHES‖.                                  diving into an investment. These
category (real estate).                                                             questions will help you assess
                                          REGULAR RICHES is about living a
                                                                                    whether the investment you are con-
Over time we developed a model            ―full and wonderful life‖. Because
similar to Jill’s (lease/purchasing).                                               sidering has the potential of produc-
                                          everyone is different, an individual’s
After a combined more than forty                                                    ing REGULAR RICHES.
years and approximately 100 proper-
ties, we can say that we have devel-      Andy Heller is co-author of the Fortune Magazine recommended book
oped an investment strategy that          “Buy Low, Rent Smart, Sell High” and together with his partner, Scott
minimizes our time, energy, and
                                          Frank, have approximately 40 years of combined real estate investing
headaches, while it maximizes our
profits. We’ve also developed an          experience and have purchased, rented and sold approximately 100
easy to use strategy for efficiently      residential properties. For more on the Fair Lease/
buying discount properties (more          Purchase and other real estate investing tips go don’t
specifically, post foreclosures, aka      miss out on his workshop in Kansas City on the 22nd.
―REOs‖).
Some years, our side real estate in-      Go to www.MAREInet.com/AndyHeller to sign up for the
vestments have made more money            event, and to register for some FREE Bonuses. Every
than our individual successful ca-        person that Pre-registers for the event will receive a free
reers, and this on an average of just     copy of Andy’s Book—Buy Even Lower.

  Investment News                                                                                                Page 11
Investors Wanted
     Ideas for Government REOS
     On Wednesday, the Federal Housing Finance              both current inventories and the expected inflow of
     Agency (FHFA),HUD, and the Treasury Depart-            new properties.
     ment issued the call for private investors, industry
                                                            Together, the three entities hold nearly 250,000
     stakeholders, and community organizations to
                                                            REO homes. About 70,000 of those are currently
     share their recommendations on how best to
                                                            listed for sale, and another 22,000 have been
     manage the disposition of government-owned
                                                            listed and a buyer has made an offer but the deal
     properties.
                                                            hasn’t closed yet, according to an FHFA spokes-
     The agencies have issued an official Request for       person.
     Information (RIF) to explore alternatives for fore-
                                                       Federal officials believe the most effective tactic to
     closed homes held by Fannie Mae, Freddie Mac,
                                                       take to reduce taxpayer losses and help alleviate
     and the Federal Housing Administration (FHA) –
                                                       the market’s oversupply of homes is to sell off
                                                             pools of properties to responsible investors
                                   I want YOUR Ideas on       who will employ an REO-to-rental strategy.
                                   what to do with all        But they say they’re open to any range of
                                   these Government           creative ideas that will reduce the REO in-
                                                              ventories of the GSEs and FHA, and mini-
                                   Owned Homes!
                                                              mize loss severities at the same time.
                                                                    Per the RFI, strategies might include: joint
                                                            venture proposals that specifically address local
                                                            economic and real estate conditions; analytic ap-
                                                            proaches to determine the appropriate disposition
                                                            strategy for properties, whether sale, rental, or
                                                            demolition; programs for previous homeowners to
                                                            rent properties or for current renters to become
                                                            owners through a lease-to-own option; or plans
                                                            that include asset contributions from other REO
                                                            holders, including banks and private securitization
                                                            trusts.
                                                            Officials noted that any recommendations involv-
                                                            ing a rental strategy should also include details on
                                                            the steps the investor will take to ensure the prop-
                                                            erties are well maintained and managed.
                                                            The ultimate goal, according to the administration,
                                                            is to improve loss recoveries compared to individ-


Page 12                                                                                    MAREInet.com
ual retail REO sales, help stabilize    held on government portfolios, but        gested, according to administration
neighborhoods and local home            the stream of new REOs coming             officials.
values, and where feasible and          down the pipeline.
                                                                                  ―Taking steps to encourage private
appropriate, improve the supply of
                                        Federal officials say they are look-      investment in REO properties and
rental housing.
                                        ing for input not only on how to          transition them into productive use
The initial scope of the project pro-   enhance market outcomes in the            will help stabilize neighborhoods
posal is to get around 90,000           process of disposing of REO prop-         and home values at a critical time
homes off Fannie’s, Freddie’s, and      erties, but responses from industry       for our economy,‖ said HUD Sec-
FHA’s books, a HUD spokesper-           participants that have the technical      retary Shaun Donovan.
son explained. She noted, though,       and financial capability to engage
                                                                                  The full RFI, detailing the admini-
that this is just a preliminary ball-   in large-scale transactions with the
                                                                                  stration’s objectives and how to
park figure, not the full reach of      GSEs or FHA.
                                                                                  submit recommendations, can be
what they hope to accomplish.
                                        Based on responses to the RFI,            viewed online. Responses are re-
The primary objective, she              Fannie, Freddie, or FHA may issue         quested by September 15th.
stressed, is to develop innovative      requests for proposals to third par-
                                                                                  Article Provided by Carrie Bay
and effective strategies for manag-     ties to implement the transactions
                                                                                  with DSNews.com
ing not only the current inventory      or disposition structures sug-




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  Investment News                                                                                              Page 13
Marketing Plan
                 Ten Steps to Get Started
      1. Become a student of your business.                             about the marketing of that product or service. Ideally if you
                                                                        ask any small business coach you should be spending
      Study your customer, your competitors, and trends in the
                                                                        about 30% of your time marketing your business.
      industry. You need to have a goal in this stage of top ten tips
      to become an expert in your business so you know how your         6. Start with one Marketing Method
      customers think. You will find that when you are the expert it
                                                                        Select one way to market your business that you are com-
      will be easier to know what your customer wants, how to
                                                                        fortable with, implement it, systematize it. Then add an-
      give it to them and how to share your product with them.
                                                                        other one, get it working well and on a system. Then add
      2. Get some outside advice                                        another till you have at several marketing methods that are
                                                                        continually generating new business.
      Find a friend or associate who is outside of your business
      and have them place themselves in their customer’s shoes.         7. Follow Up
      Work with them to find at least 10 new ways to promote your
                                                                        Most small business owners are great at following up on a
      business. You want the input from someone outside of your
                                                                        business lead that is going to give them business right now.
      business because, sometimes you are just too close and
                                                                        For example a client calls a contractor to ask them to do a
      need to get some fresh new outside ideas.
                                                                        bid for a rehab job. But not many follow up for no apparent
      3. Remember not everything you do is not just to get              reason.
      customers
                                                                        So as an example, all members at our group MAREI have
      You will be doing some things to bring in new clients and         access to all the member profiles. Most profiles include
      some things to keep current clients. You will also be taking      either a phone number or an email. As a new business at
      steps to build a good reputation and credibility with your        MAREI, would you actually take the time to follow up with
      potential clients, so that when they are in the market for your   every member to chat, introduce yourself, and find out what
      product or service they will remember that YOU are the ex-        each member on the profile list does. Take notes as you
      pert in that area.                                                talk and work on building a relationship.

      4. You don’t have to do it yourself                               Then take it a step further and add them to your own data-
                                                                        base with a reminder to follow up with them in a few days.
      There are numerous different marketing tactics. Work the
                                                                        In a few days friend them on Facebook and then on Linked
      ones you enjoy, but if there is one you just hate, skip it and
                                                                        In. If they have an immediate problem help them solve it
                                                work on the others.
                                                                        either with your product or service or refer them someone
                                                Or hire someone to
                                                                        to help them solve their problems.
                                                do it.
                                                                        8. Get a Marketing Buddy
                                                5. You do have to
                                                do it                   Remember marketing is like meeting that New Years Reso-
                                                                        lution—you work really hard the first week and then let it
                                                Most small busi-
                                                                        slack off more and more till you have to get in to summer
                                                nesses are awe-
                                                                        clothes and you have another heavy week of activity, then
                                                some at offering the
                                                                        it slacks off again. Instead get a buddy to hold you ac-
                                                product or service.
                                                                        countable so you get off your butt and into that exercise or
                                                They may not be so
                                                                        in this case picking up the phone, sending a postcard, or
                                                good at or excited
                                                                        going to a networking meeting.


Page 14                                                                                                    MAREInet.com
The Federal Housing Finance Agency                Program, created as part of the        housing market.
announced Sept. 2 that it filed suit         Frank-Dodd Act, was designed to help              ————————————
against 17 of the nation’s largest fi-       up to 30,000 unemployed homeown-
nancial institutions to recoup billions in   ers in 27 states to continue making         Mortgage loans in foreclosure had been
                                                                                         delinquent an average 599 days, Lender
losses from the sale of soured mort-         their mortgage payments, the Journal        Processing Services reported Aug. 30.
gage-backed securities to Fannie Mae         reported.                                   The firm said the tally is the highest it had
and Freddie Mac.                                   ————————————                          recorded.
      ————————————                           Mortgage applications were down for               ————————————
Freddie Mac accelerated its efforts to       the third consecutive week despite          Before the housing bubble burst, many
buy loans backed by apartment build-         fixed rates hitting historically low lev-   believed the nation’s five biggest banks
ings, which will boost the multifamily       els, the Mortgage Bankers Associa-          would control 90 percent of U.S. mort-
real estate market by giving landlords       tion reported in its weekly Mortgage        gages, but some experts now believe mid-
greater access to financing.                 Applications Survey released Sept. 7.       size lenders will have greater opportunity
                                                                                         to enter the market, National Mortgage
      ————————————                                 ————————————                          News reported Aug. 31.
Bank of America and JPMorgan                 Where do my MAREI dues go? For                    ————————————
Chase will not receive second-quarter        the support and maintenance of this
                                                                                         President Obama has signed the
Home Affordable Modification Pro-            newsletter, the website, negotiations
                                                                                         Budget Control Act of 2011 (more com-
gram funds from the U.S. Treasury            of discounts with vendors, tracking on
                                                                                         monly known as the Debt Ceiling Bill)
Department due to ongoing poor per-          market data, community events, and          into law. After careful analysis of the
formance in assisting homeowners in          harmful government action and mak-          bill NAR has concluded that it contains
modifying their mortgages.                   ing sure you are updated on all of          no direct impact on real estate tax rules
      ————————————                           these on a regular basis.                   or spending provisions. No tax laws of
The Obama administration will give                 ————————————                          any kind were changed, nor were any
unemployed homeowners until Sept.            More than 28,000 underwater borrow-         housing programs cut. But what will
                                                                                         happen now that congress is now back
15 to apply for a new $1 billion fore-       ers refinanced through the Home Af-
                                                                                         in session
closure-prevention program, The Wall         fordable Refinancing Program in
Street Journal reported Aug. 29. All         June. That’s up 12 percent from May               ————————————
borrowers must be approved by Sept.          and was the first increase since Feb-       Missouri Legislators went back to
30, which is when the government’s           ruary. Federal Reserve Chairman Ben         work in a special session to create
authority to make new loans runs out.        Bernanke has urged Congress to be           new jobs in Missouri.
The Emergency Homeowner Loan                 more active in helping the struggling




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  Investment News                                                                                                        Page 15
Market Data
      MAREI’s New Market Report
      On the National Level from Realtor.org                                The average sale price of a New Home is 8% lower that a New
                                                                            Home a year ago and the prices of existing or resale homes is
      “Pending home sales declined in July but remain well above year-
                                                                            down 2% from the same time as last year. When you look at
      ago levels, according to the National Association of Realtors®. All
                                                                            number of home sold this year compared to the same month of
      regions show monthly declines except for the West, which contin-
                                                                            July last year, we have a 54% Increase, compared to one month
      ues to show the highest level of sales contract activity.”
                                                                            ago we have a 18% decrease which reflects the normal slow
      Lawrence Yun, NAR chief economist, said sales activity is under-      down we see in summer months PLUS the tighter lending stan-
      performing. “The market can easily move into a healthy expansion      dards and the consumers reluctance to buy given the current
      if mortgage underwriting standards return to normalcy,” he said.      issues in the economy and a wait and see attitude in regards to
      “We also need to be mindful that not all sales contracts are lead-    our government – this is a time period over which our legislators
      ing to closed existing-home sales. Other market frictions need to     in Washington were arguing over the debt ceiling limit increase.
      be addressed, such as assuring that proper comparables are used
                                                                            When we look at new home inventory, it is down 16 % from last
      in appraisal valuations, and streamlining the short sales process.”
                                                                            year, but up about 1% over last month. And we currently have
      “Looking at pending home sales over a longer span, contract ac-       9.4 months supply of homes listed for sale – a flat market is rep-
      tivity over the past three months is fairly comparable to the first   resented by a 5 month supply.
      three months of the year, and well above the low seen in April,”
      Yun said. “The underlying factors for improving sales are devel-      Click here to Read full our full Market Report
      oping, such as rising rents, record high affordability conditions           US New Homes Sold and For Sale
      and investors buying real estate as a future inflation hedge. It is
                                                                                  US New Home Inventory
      now a question of lending standards and consumers having the
                                                                                  US Homebuilder’s Confidence
      necessary confidence to enter the market.”
                                                                                  US Building Permits & Housing Starts
      Commercial Areas from KCRAR.com                                             KS & MO Building Permits (& KC Metro)
      “The commercial real estate market is bouncing back with a                  KS & MO Housing Starts (& KC Metro)
      vengeance and exceeding forecasts from analysts. The signs are              KC Metro Home Sales & Average Sales Price
      clear: The number of troubled loans are dropping, occupancy is              US Existing Home Sales & Pending
      soaring, and office building sales are rising in some of the coun-          US Months Supply of Homes
      try’s largest commercial real estate markets.”                              Bankruptcy Numbers Nationally & KS & MO
                                                                                  Unemployment Numbers US & Local
      Locally from KCRAR.com
                                                                                  Interesting Debt & Budget Numbers
                                                                                  Commercial Update
                                                                                  Pay Scale Index
                                                                                  Median and Average KC Prices
                                                                                  KC Sales by Price Range & Days Inventory
                                                                                   KS & MO Stat Chart – just numbers
                                                                                  KC Average Sale Price by County
                                                                                  National Foreclosure Rate Heat Map
                                                                                  KS & MO Foreclosure Activity




Page 16                                                                                                           MAREInet.com
Mobile
 Media
                                                    Easy to Use / Customizable

                                                   Multiple Templates to Choose
                                                   PreFilled Text or Write Your Own
                                                   Unlimited Pages as Needed
                                                   Properties Descriptions & Photos
                          MAREI                    Tools to Build your Buyer’s List
                       Internships                 Data Collection Tools
                                                   Your Own Domain
                         Managing                  Keyword Rich for SEO
                          Websites
                                                FREE Site / Hosting $19.95 Month
                          Booking
                           Events               www.MAREInet.com/360REIStart

                           Selling
    Find Out What        Advertising
     YOU Can Do           Graphic                              accurate
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                                                 Accurate Closings:
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                                            FSBO, Wholesale, & REO Transactions
                                            New Construction Closings
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        go to
                                            All Types of Loan Closings
MAREInet.com/LMT                            1031 Exchanges
                                            FHA, VA, USDA, Conventional Loans,
   For Examples                                and Hard Money Loan Closings
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                                            Short Sale Closing & Assistance
                                            100 Years of Combined Service!

                                                    www.AccurateTitleCo.com
                                                      913-338-0100 phone



Investment News                                                              Page 17
A quick glance at the spread-
                                  sheet for the June 2011 Payouts
                                  shows some interesting facts:

         HOME DEPOT                  Smallest Payout was $0.31


    REBATE CHECKS ARE OUT            Largest Payout was $17,180*

                                     Average Payout $565.92

                                     Members of the Kansas City

          How much did you get?       REIA Chapters saved
                                      $63,948.49

                                     Members of the Kansas City
                                      REIA Chapters spent

          DID YOU GET YOURS?          $3,197,424.35 in the time
                                      covered for the June payouts

                                     Combined Membership of all
                                      the REIA and Landlord groups
             Did you sign up?         that are a part of this payout
                                      is estimated at about 500
                                      members.

                                     Only 113 out of the estimated
              More info at:           500 members participated.

                                     Our goal for the next 6
                                      months is to double all of
                                      those numbers above. So if
      www.MAREInet.com/HD             you are not yet participating
                                      go to the link at the left and
                                      find out how to get started!




                                       Reports of: $777.44
                                       (above), $103.45 (left),
                                       $25, $103.06, and
                                       $338.93.




Page 18                                         MAREInet.com
Asset Protection
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       ELECTRICAL SERVICES                         www.REOIns.com
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         Cell (816) 210-4710
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                                              For Investors & Finance Institutions




For Investors By Investors
In this market, you want an agent on your
 side that has the knowledge, the ability,
             the EXPERIENCE,
                                                           “Flexible rehab options
       and the resources to help you!                      and purchase financing
                                                           for qualified investors!
                                                                 Ann Wilkinson
                                                                 Vice President
                                                            Mortgage Loan Production
                                                                12501 Antioch Rd
                                                            Overland Park, KS 66213
                                                                  Ph: (913) 402-1500
                                                              Fax: (913) 402-0673
                                                            AnnW@ArgentineFed.com
                                                             www.ArgentineFed.com

                     Realty Resource

                     115 E Gregory, KCMO

                     816-523-4400

    www.RealtyResourceKC.com


Investment News                                                               Page 19
the next two decades into the         Stock market and the drive toward            tionwide! Also, there are brokers re-
    hands of Boomers.                     buying land                                  porting around the country that they
   1 in 4 Boomers own more than one      As in most economic cycles, there are        have more buyers than sellers. That is
                                          times when the stock market has not          a great dilemma to have! If the stock
    piece of real estate.
                                          performed to investor’s expectations.        market continues to be volatile, more
   1/2 of Boomers own their home
                                          When the stock market is doing well          and more investors are going to look to
    free and clear.
                                          there is no reason for investors to look     land to fulfill a part of their investment
   60% of Boomers plan to move to a
                                          elsewhere to secure a modest return          needs. Some are buying land like it is a
     rural setting.                       on investment. But, as we know, the          stock and betting that it will increase in
Since 1 in 4 Baby Boomers own more
                                          stock market is mired in uncertainty.        value over the next 5 to 10 years and
than one property, the logical conclu-
                                          Because of this, some investors look         beat stock market returns.
sion is they will allocate a portion of
                                          for other investment options such as
their investment portfolio and buy land
                                          hard assets. Both individual and institu-    Don’t be left behind! Be a part of
in the near future.
                                          tional investors are looking to land as      the next great land rush!
                                          one safe haven to relocate part of their     When the dust settled, many walked
Baby Boomers are buying land,
                                          investment portfolio. This translates        away from the Oklahoma land rush
but most unlikely to ever move on
                                          that billions of dollars will be moved       disappointed and empty handed. Don’t
the property
                                          into land over the next few years.           sit on the sidelines any further waiting
Where are Boomers going to relocate
                                          As an example, the demand for hard           for the next opportunity. You can say
when they retire? In a poll commis-
                                          assets appeared in FL in 2004 and            to your children that you were part of
sioned by the National Association of
                                          2005. In 2003 and 2004 the overall           THE greatest land rush in US history!
Realtors, 60% plan to move to a rural
                                          stock market results were flat. Inves-       There simply isn’t a better time to
area upon retirement. The operative
                                          tors were unsatisfied with the returns       profit from land!
word is PLAN. Many are in the process
                                          and began to look for investments out-
of purchasing small and large tracts of
                                          side the stock market. Some turned to        In the next few years there will be mil-
land all around the country to fulfill
                                          real estate, (i.e. condos, preconstruc-      lions and millions of land transactions.
their future dream. Chances are that
                                          tion projects, rehabs etc.) particularly a   I specialize in finding sellers – and you
they will never move on to the prop-
                                          drive to buy land. At the time, I was        can too. The marketplace needs inves-
erty. Nonetheless, everyday there are
                                          associated with a real estate office in      tors like me to find affordable land for
more and more Boomers entering into
                                          rural Florida that only brokered land.       this new generation of buyer.
the land arena to buy their dream
                                          By early 2005, the office received con-
property – and they are ready to buy
                                          tact from a new buyer every 15 min-          Some of you are saying, “Can I really
soon!
                                          utes! They learned investors wanted to       buy and sell land?” Land is by far the
                                          buy for two reasons: (1) for investment      simplest, easiest form of real es-
                                          and; (2) to build on the property at         tate on the planet. Don’t be intimi-
                                          retirement. 80% of the buyers bought         dated because you have never
                                          site unseen and lived far away from          done something like this before.
                                          the property.                                The marketplace desperately needs
                                          The brokerage (as well as many other         more investors to step into this once-in
                                          brokers in Florida) could not keep pace      -a-lifetime opportunity. Won’t you join
                                          with the demand as there were more           me?
                                          buyers than sellers. So, I and a few
                                          other investors went out to coax land-       Buy land. They’ve stopped making
                                          owners to sell their property. In the        it. - Mark Twain
                                          end, this one office brokered 1000’s of
                                          land deals ranging from a .25 acre to
                                          500 acres.
                                          The demand for land is reoccurring
                                          again but this time it is happening na-



Page 20                                                                                                 MAREInet.com
More Information . . .
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     Discount code!
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“Presentation is Everything!”
                                                 Property Management
                                                    Rental Services
       Canyon-Stone.com
                                                   Kansas City Metro

     550 E. 56 Highway, Suite B
         Olathe, KS, 66061                    www.JamiesonHomeTeam.com

       Phone: (913) 254-9300                        Kevin Jamieson

         Fax: (913) 254-9301                         816-503-4671

       info@canyon-stone.com


Investment News                                                              Page 21
Sept 3rd    Networking   Independence / Blue Springs: Panera Bread
                                                                                                         40 Hwy & 291 4pm to 6pm: Debra Felderhoff

                                                                                Sept 4th    Networking   Lee’s Summit: Panera Bread on Chipman
                                                                                                         Road in Lees Summit: Debra Felderhoff


CALENDAR   Details, Times, Locations, Cost & Registration at www.MAREInet.com
                                                                                Sept 7th



                                                                                Sept 7th
                                                                                            Networking



                                                                                            Training
                                                                                                         Weekly Wednesdays: 103rd & State Line 9
                                                                                                         am to 11 am : Michelle Winberry

                                                                                                         CESKC.com Mortgage Fraud - 6pm-9pm,1
                                                                                                         Credit PHP, 3 Hrs Realtor Contin. Ed

                                                                                Sept 10th   Networking   Independence / Blue Springs: Panera Bread
                                                                                                         40 Hwy & 291 4pm to 6pm: Debra Felderhoff

                                                                                Sept 11th   Networking   Lee’s Summit: Panera Bread on Chipman
                                                                                                         Road in Lees Summit: Debra Felderhoff

                                                                                Sept 12th   Deadline     Deadline to Reserve a Vendor Table for
                                                                                                         Tuesday Meeting by Noon

                                                                                Sept 13th   Meeting      Monthly Meeting: Career Education Systems
                                                                                                         South East side of Ward Parkway 6pm-9pm

                                                                                Sept 13th   Training     Advanced Property Management—Mid
                                                                                                         America Crime Free—All Day

                                                                                Sept 14th   Training     CESKC.com Mortgage Fraud - 9am-12pm,1
                                                                                                         Credit PHP, 3 Hrs Realtor Contin. Ed

                                                                                Sept 14th   Training     CESKC.com Appraisal Essentials - 1pm-
                                                                                                         4pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed

                                                                                Sept 14th   Networking   Weekly Wednesdays: 103rd & State Line 9
                                                                                                         am to 11 am : Michelle Winberry

                                                                                Sept 14th   Networking   Commercial Sub Group: 103rd 7 State Line
                                                                                                         5:30 to 7:30 : Larry Prato / Spencer Cullor

                                                                                Sept 15th   Training     CESKC.com Lawsuits - 1pm-4pm,1 Credit
                                                                                                         PHP, 3 Hrs Realtor Contin. Ed

                                                                                Sept 17th   Training     CESKC.com Credit Scores - 1pm-4pm,1
                                                                                                         Credit PHP, 3 Hrs Realtor Contin. Ed

                                                                                Sept 17th   Networking   Independence / Blue Springs: Panera Bread
                                                                                                         40 Hwy & 291 4pm to 6pm: Debra Felderhoff

                                                                                Sept 18th   Networking   Lee’s Summit: Panera Bread on Chipman
                                                                                                         Road in Lees Summit: Debra Felderhoff



Page 22                                                                                                                           MAREInet.com
Sept 19th   Training        CESKC.com Lawsuits - 1pm-4pm,1 Credit




                                                                                                                                                        Networking & Education
                             Scores PHP, 3 Hrs Realtor Contin. Ed

  Sept 21    Training        CESKC.com Short Sales / Foreclosures -
                             9am-1pm 1 PHP, 3 Hours Realtor C E

  Sept 21    Training        CESKC.com Creating Wealth - 1pm-4pm,1
                             Credit PHP, 3 Hrs Realtor Contin. Ed

  Sept 21    Networking      Weekly Wednesdays: 103rd & State Line 9




                                                                                   Details, Times, Locations, Cost & Registration at www.MAREInet.com
                             am to 11 am : Michelle Winberry

  Sept 24    Networking      Independence / Blue Springs: Panera Bread
                             40 Hwy & 291 4pm to 6pm: Debra Felderhoff

  Sept 24    Training        CESKC.com Negotiating - 1pm-4pm,1 Credit
                             PHP, 3 Hrs Realtor Contin. Ed

  Sept 25    Networking      Lee’s Summit: Panera Bread on Chipman
                             Road in Lees Summit: Debra Felderhoff

  Sept 26    Training        CESKC.com Short Sales / Foreclosures -
                             6pm-9pm 1 PHP, 3 Hours Realtor C E

  Sept 28    Networking      Weekly Wednesdays: 103rd & State Line 9
                             am to 11 am : Michelle Winberry

  Sept 28    Networking      Commercial Sub Group: 103rd 7 State Line
                             5:30 to 7:30 : Larry Prato / Spencer Cullor

 Oct 22nd    Workshop        Special Saturday workshop, Buy Low, Rent
                             Smart with Andy Heller



                                                                      OU!
                                                  THANK Y
                                                 Many thanks to our Volunteers
                                                 who sponsor a Networking. If
                                                 you need more networking and
                                                 interaction, please check out
Larry Prato              Spencer Cullor
                                                 the Networking Group on the
Commercial Subgroup      Commercial Subgroup     Calendar. First Networking
                                                 event is free and does not re-
                                                 quire membership. After that if
                                                 you want to continue as a part
                                                 of the subgroup, we request
                                                 that you become a member of
                                                 MAREI to gain more knowledge
                                                 and access all the tools and
                                                 benefits of membership

Debra Felderhoff         Michelle Winberry
BS, LS, Indep Subgroup   Weekly Wednesdays


 Investment News                                                                                                                                                        Page 23
Your Info
          Other Buttons
          Members can find each other through the Search Member’s by Specialty section. So that they
          can find you, be sure to edit this information in your ―My Info‖ section.




             View / Edit Profile will let you see what your profile will look like to other people

             Edit Photo will allow you to load a photo or other item in a photo format so that
              when people look at your profile they can see what you look like and know who
              you are when they see you at meetings.

             Search Member’s by Specialty in this area, we have already talked about, as the
              place where you can tell people a bit about what you do.

             My Newsletter Subscriptions we don't utilize much as we don’t send newsletters
              through this system, but rather through an outside source.

             My Affiliate Members lets you see the other people who have been added onto
              your membership




Page 24                                                                           MAREInet.com
See more details on each property in the Classifieds at www.MAREInet.com.

Offered As    Address             City              Price     Bed/Bath   Contact                            Phone
Wholesale     2510 Myrtle         KCMO             $13,500    3/2        Christoph Becker                   816-419-1165
Wholesale     310 E 81st ST       KCMO             $48,000    2/1        JD Asbell                          913-583-1199
Wholesale     8701 N Troost       KCMO            $115,000    4/3        JD Asbell                          913-583-1199
Wholesale     8413 E 85th Tr      Raytown          $48,000    4/2        JD Asbell                          913-583-1199
Rehabbed      9436 Hakins         Lenexa           $85,000    2/1        JD Asbell                          913-583-1199
Wholesale     5500 College        KCMo             $17,500    3/1        Christoph Becker                   816-419-1165
Wholesale     5241 Olive          KCMO             $17,500    3/1        Christoph Becker                   816-419-1165
Wholesale     5161 Hardesty       KCMO             $14,500    3/1        Christoph Becker                   816-419-1165
Owner Fin     Townhome            Smithville      Not priced 2 / 1.5     Rajeev Verma                       913-735-5234
Wholesale     2904 E 35th St      KCMO             14,999     5/ 1.5     Joey Kramer                        816-510-4259
Short sales   3 houses            KCMO            $9k each               Eric Deeter, Realty Resource       913-579-3354
Renal         7411 Forest         KCMO              39900     2/2        Scott Tucker, Realty Resource 913-620-7934
Turn Key      8516 W 69th Tr      Overland Park    119,900    3/1.5      Don Tucker owner/ broker           913-208-3017
Fixer         No address          No city          No price   3/2        Kevin Jamieson Reece & Nichols     816-686-2955
Rental        1811 S Cedar        Independence     No price   NA         Kevin Jamieson Reece & Nichols     816-686-2955
Fixer         9900 Countryside    Lenexa           No price   3 / 1.5    Rick Zeitun                        913-461-8560
Owner Fin     No address          Raytwon          No Price   3/2        Michael Bryant                     816-226-7299
Listing       3125 Spruce         KCMO             $19,750    2/2        Chris Pinkepank, Keller Williams   816-892-3533
Listing       3813 E 53rd Tr      KCMO             $22,750    3/1        Chris Pinkepank, Keller Williams   816-892-3533
Listing       6124 S Benton       KCMO             $22.750    3/1        Chris Pinkepank, Keller Williams   816-892-3533
Listing       6931 Jackson        KCMO             $22,750    2/2        Chris Pinkepank, Keller Williams   816-892-3533
Listing       4931 Chestnut       KCMO             $17,750    2/1        Chris Pinkepank, Keller Williams   816-892-3533
Listing       2402 NE 59th St     NA               $47,000    NA         Chris Pinkepank, Keller Williams   816-892-3533
Listing       8321 Wabash         KCMO             $38,400    2/1        Chris Pinkepank, Keller Williams   816-892-3533
Turn Key      2204 SW Keystone Pl Blue springs    $109,900    4/2        Don Tucker owner / broker          913-208-3017
Seller Finance 2547 Denver        KCMO             $27,000    3/2        Steve Summers                      816-350-7200



   Investment News                                                                                                  Page 25
Welcome
                 We would like to welcome the New Members and
                 Guests from the past month and to thank our New
                 and Returning Members for being a vital part of this
                 association!




      New Members                                     Guests
         Greg Billeisen, Kansas City, MO
                                                         Caral Burton
         Alex Duckworth, Lee’s Summit, MO
                                                         Jim Easton
         Karl Dunivent, Liberty, MO
                                                         Brett Gossen
         Jeannie Esteves, Lee’s Summit, MO
                                                         Phil Jensen
         Kamal Fuleihan, Olathe, KS
                                                         Antonio Jones
         Kerry & Tami Hardinger, Overland Park, KS
                                                         Miles Krivena
         Scott Kilpatrick, DeSoto, KS
                                                         Keith Mace
         Michael Lanning, Kansas City, MO
                                                         Doug Neu
         Ervin Middleton, Las Vegas, NV
                                                         Don Watson
         Valerie Minnear, Lees Summit, MO


      Returning Members                               New Business
         Scott Doherty, Leawood, KS
         Jeffrey Forster, Independence, MO              Abraxas Property Management

         Norm Kinnaugh, Lawrence, KS                           Meka Cayce, Kansas City, MO

         Steve Kolb, Kansas City, MO                           Lacha Palomino, Kansas City,
                                                                 Mo
         Joey Kramer, North Kansas City, MO
                                                         Jamieson Home Team - Reece & Nich-
         Curt & Brenda Linstra, Kansas City, MO          ols
         James Maffuccio, Kansas City, MO                      Kevin Jamieson, Independence,
         Candace Vanice, Kansas City, MO                        MO

         Kelley Weston, Lee’s Summit, MO                       Joe Clark, Independence, MO



Page 26                                                                     MAREInet.com
Wireless Security Systems
                                                                            Keypad, 3 doors, 1 motion,
                                                                             1 primary & 1 door siren
           On Demand Training
                                                                         One time Charge of $99 plus tax
           30 Minute Segments                                                  Includes installation
                                                                           Requires 36 month contract.
          Top Investor Trainers                                           Monthly Monitoring Fee $39.99

           From the Comfort of                                                       Sell house
                                                                               transfer to new owner
    Your own Internet Connection                                               or move to new house

        $39.00 Training Courses                                                 DevconSecurity.com

               REO & Lease Option                                         Marian Collins: 913-907-4942
                Creative Financing                                        Gary Hartman: 913-991-1612
             Automated Investments
             Auctions & Foreclosures
                   Short Sales
            Government Grant Money


   www.MAREIU.com


―Recommended by Fortune Magazine!‖

On Saturday October 22nd, real estate expert Andy Heller will show you why
TODAY’S real estate market is the best time EVER for investors, and this win-                          Free Copy for all
dow of opportunity will be open only so long. Learn how to use Andy’s Fortune                          who register
                                                                                                       Early—see calen-
Magazine recommended strategy. Andy will show you how to buy bank-owned                                dar on
properties directly from banks and REO Agents for pennies on the dollar BE-                            MAREInet.com
FORE the properties hit MLS, and how to cash in on today’s strengthening
rental market with his ―Rent Smart‖ lease/option program. The workshop will
include:

 Why today’s COOLING market is a         How the ―typical‖ lease options mini-
  RED HOT opportunity for investor         mize, not maximize, an investor’s profit
 Buying Low: Learn about the un-         How to make a fortune in real estate
  tapped fortunes with bank-owned real     AND help your tenants at the same time
  estate                                  How to sell for top dollar WITHOUT
 What types of properties can you buy     paying real estate commission
  from banks                              Achieve your REGULAR RICHES: Real
 How to buy REOs BEFORE they are          estate fortunes for regular people . . . .
  listed on MLS                            without the hassles.


Investment News                                                                                             Page 27
membership
What makes MAREI Different?
You have a lot of choices in Kansas City for Real Estate and Landlord Groups. There are many rea-
sons why MAREI is different, unique and better for you than other groups in the area.


                                                                      MAREI             Others

Monthly Meetings
Saturday Training Seminars

Monthly Webinars and Recorded Events

Meet Local Vendors

National Speakers

Deal Makers Quick Pitch (Haves and Wants)

Local Market Updates (at Meetings and Oline)

Heavy Emphasis on Networking

Very Active in Social Media

Robust Monthly Newsletter

Blacklist of Undesirable Speakers

Rigorous Vetting Process

Member Focused Mindset

REIA Leaders Who Invest Full Time

Robust Member Benefits Manual

State of the Art Member & Guest Website

Active in National REIA

Active in Legislative Efforts to Protect Our Industry

Packed Member Resource Pages & Online Library

Non-Stop Sales Pitch

Group Leader Focused
Poorly Run, Poorly Organized Meeting
Mid-America Crime Free Inc.                           Date: 10/19/2011
Proudly Presents!                                     Time: 7AM to 5PM



 FAIR HOUSING & PREMISE
 LIABILITY SEMINAR
                  Seminar Schedule
 08:00-09:30 Registration / Buffet Breakfast
 (Fresh Fruit, Pastries, Eggs, Biscuits & Gravy)
 09:30-11:45 Fair Housing w/ Robert J Wise
 11:55-12:30 Foreclosure Issues w/ Wise & Anderson
 12:30-1:30 Buffet Lunch
 (Beef Brisket & Blackened Chicken)
 01:30-02:30 Premise Liability w/ Julie Anderson
 02:30-02:45 Afternoon Break (refreshments)
 02:45-03:15 Bed Bugs w/ Det. Todd Butler
 03:15-03:25 Break (refreshments)
 03:25-05:00 Physical Security / Lighting Issues w/
             P.O. Mike Betton
 05:00        Seminar Concludes

 This is YOUR chance to learn and discuss all the aspects of FAIR HOUSING in an
 OPEN FORUM with landlord/eviction ATTORNEYS Robert J. Wise and Juli Anderson.
 Also DISUCSS the ever changing ideas that surround PREMISE LIABILITY with AT-
 TORNEY Julie Anderson. We also will have a presentation on the BED BUG infesta-
 tion with Detective Todd Butler and then wrap it all up with updated information on
 PHYSICAL SECURITY with P.O. Mike Betten. All of this great information, breakfast
 and lunch for one GREAT PRICE of $99.00. Don’t miss out on this great SINGLE
 DAY SEMINAR.

 Location:                                            Mid-America Crime Free Inc.
 Holiday Inn Kansas City                              Metro Patrol Division
 CoCo Key Water Resort                                7601 Prospect Ave
 9103 East 39th Street                                Kansas City, Mo 64130

                                   To Register Go Online to
                                    www.kcCrimeFree.com
                         If you have any questions please contact
           P.O. Aaron McKie at 816-581-0723 or aaron.mckie@kcpd.org

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The Investment News: September 2011

  • 1. MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS Investment News NETWORKING : EDUCATION : COMMUNITY September 2011 The New Land Rush See Page 8
  • 2. MAREI Notes Contact Information PO Box 8685, Prairie Village KS, 66208 Phone: 913-815-0111 Fax: 816-523-4448 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. 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 own counsel, accountant and other advisors as to legal, tax, economic, investment and related matters concerning real estate and other investments. Honors Content Disclaimer Of Merit The views and opinions expressed by authors of articles contributed to this newsletter do not neces- sarily reflect those of the association, the board of directors or the staff. Advertise in the Investment News 2011 Rate Schedule Size Non-Member Member Business Associate Electronic Full Page $175 $140 $115 1/2 Page $145 $105 $85 Communication 1/4 Page $75 $65 $50 1/8 Page $55 $35 $25 & 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 Membership each month. All 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 page or full page lay-out. Opportunities also exist for Development 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 Vil- lage, KS 66208 or request an online payment for to use credit or debit card. Page 2 MAREInet.com
  • 3. MAREI Staff Kim Tucker 816-523-4400 Don Tucker 816-523-4400 Steve Burns Director President Audio Visual Kim@MAREInet.com Don@MAREInet.com cashflowtreasures@gmail.com John Welchert Dan Goodwin 913-642-5218 Shelda Goodwin Meeting Ambassador Meeting Ambassador Meeting Ambassador 816-268-3849 DanGoodwin@kw.com SheldaGoodwin@kw.com volunteers: Be sure to thank our volunteers who help out at each and every meeting making sure the entire meeting is a success. If you would like to volunteer from time to time to help set up, take down, or check in, or as- sist for a few hours in the business office, please email info@MAREInet.com or call 913-815-0111. Scott Tucker Special Thanks to Marty Seiss and Melissa Wurtz for their Meeting Ambassador STucker319@gmail.com assistance this past month. Investment News Page 5
  • 4. m ar ei BUSINESS MEMBERS ADDRESSING THE NEEDS OF Type Company THE REAL ESTATE INVESTOR Web Phone Contact Attorney Wise / Anderson BobWiseLaw.com 816-942-5925 Bob Wise Contractor Te-Tee Light MAREI Vendor 816-356-1870 George Bai Insurance APIA REOIns.com 877-752-2742 Lisa Goodner Lender Argentine Federal Savings ArgentineFed.com 913-402-1500 Ann Wilkinson Prop Mgr Abraxas Prop Mgmt AbraxasMgmt.com 816-474-8800 Meka Cayce Prop Mgr Jamieson Home Team JamiesonHomeTeam.com 816-503-4671 Kevin Jamieson Realtor Realty Resource RealtyResourceKC.com 816-523-4400 Kim Tucker Security Devcon Security DevconSecurity.com 913-907-4942 Marian Collins Supplier Canyon Stone Canyon-Stone.com 913-254-9301 Matt Puckett Title Accurate Title Company AccurateTitleco.com 913-338-0100 Jackie White Wholesale kcmoHomeBuyer kcmoHomebuyer.com 816-200-2198 Don Tucker Real Estate Investors and Landlords depend on a well rounded team of professionals. If you are building your team or looking to make a trade, start your recruiting with our Vendor Members and Business Associates. See a complete list of suppliers and any discounts they may of- fer to MAREI members by visiting, www.MAREInet.com. Look in under the Benefits tab under “Service Directory”. http://mareinet.com/associates Page 4 MAREInet.com
  • 5. Contents MAREI News Next Month In This Issue Mortgage Fraud with MAREI Business Members 2 MAREI Meeting Staff 5 Julia Jensen, FBI Notes from Director 6 The New Land Rush—Farmland 8 Being Rich more than Money 10 Investors Wanted: Ideas for Govt REOS 12 Marketing Plan: 10 Steps 14 MAREI Market Data Report 16 Home Depot Checks 18 Calendar 22 Updating your Specialty in your Profile 24 Classifieds 25 Welcome New Members 26 More Stories on the Blog ‫׀‬ Facebook / LinkedIn  Is Real Estate in a Slump  Home Prices Rise for 4th Straight Month  Be Prepared for Appraisal Delays  Unemployment Drops in 7 of 10  $5000 Grants for First Time Military US Metros Buyers.  Several Deal Posts on Linked In  From Appraisal News : too many inter-  New Facebook Group: post your esting economic facts to list—click to deals here read all of them! Investment News Page 3
  • 6. Director’s Notes Wow, what a year of ups and downs. The econ- ship. We are also seeing a huge increase in the omy is up one day and down the next. Housing number of houses our members are offering for sales are up and then they are down. Employ- sale on the Classifieds. And the really telling ment is rising, but it’s not. I think rather than in a factor to the Economy, at least in Kansas City, is up and down cycle that everything seems to be that the Kansas City Star seems to be getting going around in circles. bigger. Every week the sections seem to have a few more ads and maybe another page extra But I have noted that when the media was hinting here and there. Now I know the paper will never at the housing bubble and the recession was start- be the size it was because the internet has ing we noted that membership started decreasing changed the way newspapers work, but it is at MAREI. We also noted that we had fewer ad- growing and I think it is a sure sign that things vertisers and business members. I also noted that are getting better, bit by bit. the Kansas City Star Newspaper seemed to be getting thinner and thinner, the Real Estate Sec- We have added a new feature to help you make tion shrinking with fewer ads. your own decisions on how things are doing lo- cally and across the country: the MAREI Market Now over the past 6 months we Report. You can see some out takes of the full have had a large influx of both report on page 16 and members can log into brand new members and mem- the website and access the full report for July bers renewing their memberships 2011. I hope you will find this a helpful tool in that we have not seen for a few your business. It is a evolving tool as we are years. I would love to welcome looking for data providers for some information, all of you into the new and im- if you track real estate and or economic num- proved MAREI, we have figured bers and would be willing to provide a chart or out how to provide you more with two, please let me know! the same low membership fees. . In the past month or so we have started adding brand new Business Members. These are grow- ing small businesses that are starting to expand Kim Tucker and want to earn your business here in Kansas City, so be sure to welcome them to our member- Director of MAREI Page 6 MAREInet.com
  • 7. Our Home Depot Guys! August Speaker: Michael Charest Working on our Big Rocks & Weekly Planner Investment News Page 7
  • 8. the New Land Rush FARMLAND You may have seen the article about us that appeared in “Boomers” - those who had waited for the cannon’s this mornings KC Star. It got me to thinking that a lot of boom before rushing into the land claim - found that a buyers may not recognize that rural property, particularly number of the choice plots had already been claimed by land has actually turned out to be a good investment as “Sooners” who had snuck into the land claim area before we work our way through what has now become a multi the race began. The impact of the land rush was imme- year slump. I found this article from INVEST magazine diate, transforming the land almost overnight. that I thought I share with our readers. Over 100 years later, we are in the midst of a second rush for land. When it is over it will go down as the At precisely twelve noon on September 16, 1893 a can- greatest land rush in United States history far eclipsing non’s boom unleashed the largest land rush America ever the Oklahoma land rush of the 1890’s. saw. Carried by all sorts of transportation - horses, wag- How will it be different? Baby Boomers, investors and ons, trains, bicycles or on foot - an estimated 100,000 institutional investment firms are preparing to buy over raced to claim plots of land in an area of land in northern one-half of the useable land in the U.S. in the next ten Oklahoma Territory. There had been a number of previous years. Are you aware there is approximately 1.6 billion land rushes in the Territory - but this was the big one. acres (Yes, billions – with a big B!) that can be bought Many would be disappointed. There were only 42,000 par- and sold? The potential is for millions and millions of cels of land available - far too few to satisfy the hopes of land deals in the next few years. all those who raced for land that day. Additionally, many of the Monthly Meeting August Monthly Meeting: Don’t miss this event!  Tuesday September 13th, 2011, 6pm to 9pm  Career Education Systems, Ward Parkway Shopping Center  FREE for members, Guests $25 at the door, $15 if you pre-register Agenda 5:30 Premeeting—Marketing Tools 7:00 Announcements / Haves & Wants 6:00 Check in / Vendors / Networking 7:30 Presentation Page 8 MAREInet.com
  • 9. Just like the previous “land rush”, the demand for land it is going to trans- Coral, FL. She found lots for sale on or near the water at about a third to half speaker form who owns land in our country and below their peak prices of two years what they are going to use it for. ago. On a larger scale, H. Ray Alcorn Agenda In last month’s article, I wrote how Jr., an investor in VA, is picking up Baby Boomers are buying land in all commercial and residential parcels af- Cropland Investing 101 shapes, sizes and types. Let’s read ter two years on the sidelines. Mostly  How do I know I am buying good what the media is saying who else is using cash, he has bought more than land? participating in this modern day rush 100 acres throughout Virginia this year,  How do I find and negotiate with rent- for land: much of it at reduced prices, and he ers? has options to buy more.” Wall Street Journal  How do I know I’m not paying too much or not getting enough return on “Is it still possible to make money in www.Bloomberg.com rental income? real estate? With home prices continu- “…farmland is having its biggest ing to plummet, many people have revival in almost 30 years as de-  Can I be sure my land will not be damaged? finally stopped seeing their family mand for corn and soybeans from Asia manse as a big bottomless bag of cash. and the ethanol industry drive com-  What are the risks in cropland invest- But look beyond your front door, modity prices to record highs. From ing? and you’ll find some alternative Iowa to South Dakota to Wyoming,  Should I be afraid of a cropland bub- real-estate related opportunities gains in rural land prices have ranged ble? that are holding up despite the from 78 percent to more than 200 per- Brad Gaughan, sales agent for Rural KC, current economic downturn in- cent, according to farmers and data refers to it as ―Cropland Investing 101.‖ cluding rural land. Rising food from Farm Credit Services of America.” Tuesday September 13 prices, demand for corn-based ethanol “TIAA-CREF, the largest U.S. manager and a growing desire by many urban- of retirement funds, bought $340 mil- 7:30 pm to 9:00 ites for a place in the country are mak- lion of farmland in seven states in De- At Monthly MAREI meeting ing rural land more valuable.” cember. George Washington University plans to earmark $100 million for agri- The New York Times cultural investments during this year. “ http://www.landflip.com/, the premier “The real estate market may have “Farm values probably will rise at an land website, recently conducted a poll cooled, but investor demand may annual rate of 6 percent to 10 percent asking “When are you likely to pur- soon be heating up for at least one in the next five years,” said Murray chase land?” 73% responded said they type of property: LAND. Some of Wise, the CEO of Westchester Group plan to purchase land in the next 12 the most attractive deals lately have Inc., manager of $550 million of global months! come from land developers and home farm tracts. In comparison, the median builders, who are divesting parcels in U.S. home is forecast to gain 1.2 per- What is creating such an interest many parts of the country as they cent through 2010 and stay below the in land? whittle down excess housing inventory. 2006 peak of $221,900, the Mortgage Retiring Baby Boomers – In my pre- Even smaller landowners, facing their Bankers Association in Washington vious article, I documented that many own financial strains, are selling off lots said. Boomers are nearing retirement. Here once meant for building.” “It’s just crazy out there right is a snapshot of this group: “The time is ripe to start looking; I now,” said Mac Boyd, 65, a real estate 10,000 Boomers will retire every 24 haven’t seen this market in 20 years,” broker in Arcola, IL, who has sold hours! said Jaime Raskulinecz, a real estate farms for more than three dec-  17 trillion dollars are going to flow investor from NJ, who wants to buy ades. “The land market has never out of retirement accounts over land in the hard-hit market of Cape been stronger.” (Continued on page 20) Investment News Page 9
  • 10. Being Rich More than Money! “Being Rich is about more than Money” eating up much of Jack’s time with his family. Espe- cially upsetting to Jack was the weekend and evening Many people think that being rich is about having time these properties ate up. This was time he would enough money to do whatever you want. However, rather have spent coaching his son’s sports team and these same people miss an IMPORTANT POINT. watching his daughter’s theatrical productions. Having millions of dollars may make you ―financially rich‖. However you will have lived a ―poor life‖, if you The sandwich shop also made money. However, were a ―slave to money‖ and did not have adequate Jack was surprised at how hard it was to find de- time for family, friends, and the many other enjoyable pendable employees. Whenever an employee did not things life has to offer. The following stories illustrate show up, Jack or his wife often had to fill in. Several this point. times Jack had to cancel or postpone the family vaca- tions due to employee issues. Jack’s Story Yes, in the end, Jack’s investments made ―good Shortly after Jack turned thirty, he married his college money‖. However, his investments had made a sig- sweetheart. Jack was a sharp and thoughtful guy, as nificant negative impact on his family life, as well as well as a meticulous planner. Jack saw all the layoffs his ability to spend time with friends and on other happening in the corporate world, and wanted to es- things he loved to do. There was many a time when tablish a safety net for his upcoming family beyond he wondered whether all the extra money was worth the fragile sanctuary of his day job. He was deter- the sacrifices he made. mined to give his two kids a better quality of life than he had growing up. Jill’s Story Jack invested in rental homes. He also bought a Jill was an average student and never finished col- sandwich shop franchise. lege. However, Jill had a lot of ―common sense‖. When Jill settled down, she decided that her family Over the years, Jack did make money on his real es- would not be dependent on corporate America for tate investments. However, he also found some very their long-term well being. unpleasant surprises. Tenant turnover was a big problem. Repairs and re-renting the properties were Jill worked for a few years in advertising, then got married and had three children. Even before marry- ing, Jill began investing in real estate. Jill marketed all of her homes as ―lease/purchase‖. She gave the tenant a locked in sales price, and three years to pur- chase. In exchange, the tenant assumed the repairs and maintenance responsibilities of the home. This trade-off worked for both the tenant and Jill. The ten- ant got a fair deal on the home, and Jill found that she was able to build up a nice portfolio of homes without the typical problems (a lot of time, energy, and head- aches) inherent in most rentals. Because of her real estate success and ease of investing, she saw no need to consider other businesses (like a sandwich shop). Jill made ―great money‖ from her real estate invest- ments. However, most importantly, Jill’s investments (Continued on page 11) Page 10 MAREInet.com
  • 11. never took up a significant portion of Five Questions for Choosing Regular Riches her ―invaluable and irreplaceable time‖ with family, friends, and her Buy Low : Rent Smart : Sell High other interests. Best of all, she felt like she was living a ―full and wonder- Put your investment to the following test, asking these five questions. Yes ful life‖. to 4 or 5 indicates an investment opportunity that has the potential to pro- vide ―Regular Riches‖, and worthy of further research and consideration: Regular Riches Sadly, we all know plenty of Jacks. 1. Does the potential investment have the ability to get more lucrative People who seem to be a slave to and easier over time (greater profits, less time)? the very investments that were in- 2. If examined on an hourly basis, will the potential investment pro- tended to provide ―freedom‖ for them and their families. The investors do duce returns of at least 3-4 times higher than the investor’s hourly their best job to rationalize with de- pay on his/her day job? fenses, such as ―I am doing this for 3. Does the investment have the ability to scale back (e.g. ease of my kids‖ or ―one day this is going to pay off‖. However, they often miss exit strategy such as slowly sell off properties or a partner that is out on many of life’s most precious willing to buy out your share in a successful business)? gifts….quality time with family, friends, and other interests. 4. Does the investment opportunity produce passive income, where you could simply do almost nothing for many months and still col- We can speak from experience. We lect big profits (regular rent checks, royalties, cash from an ongo- are ―regular people‖ like you. We have always tried to live good lives, ing business)? make an honest living, invest on the 5. Does the investment opportunity have a good chance to be profit- side, spend quality time with family able during bad economic cycles? and friends, take nice vacations, en- joy hobbies, and more. When Scott met Andy in the late 5 – 6 hours per week. More impor- definition of a ―full and wonderful‖ life 1980’s, he was managing a portfolio tantly, during this time we have en- may vary. However, what will always of headaches (pure rental properties) joyed a higher quality of life with our be the same is having enough TIME that were eating up a lot of his time families due to the financial freedom and MONEY (not simply one or the and energy. The money was pretty that comes with ―smart investing‖. other) for what one truly loves. good, but it wasn’t making up for the Don’t be a JACK! Life is so short, How can one tell if the investment he hassles. Because of this negative and it is not enough to end up with a or she is considering will produce experience, Scott almost decided to huge pot of gold. Rather, be a JILL! REGULAR RICHES and truly en- give up on real estate investing. It is more important to enjoy the jour- hance their lives like Jill’s invest- However, both considered that the ney of life along the way. This is ments did? Here are five questions flaw may be with the system what we refer to as ―REGULAR we suggest you ask yourself before (landlording), not the investment RICHES‖. diving into an investment. These category (real estate). questions will help you assess REGULAR RICHES is about living a whether the investment you are con- Over time we developed a model ―full and wonderful life‖. Because similar to Jill’s (lease/purchasing). sidering has the potential of produc- everyone is different, an individual’s After a combined more than forty ing REGULAR RICHES. years and approximately 100 proper- ties, we can say that we have devel- Andy Heller is co-author of the Fortune Magazine recommended book oped an investment strategy that “Buy Low, Rent Smart, Sell High” and together with his partner, Scott minimizes our time, energy, and Frank, have approximately 40 years of combined real estate investing headaches, while it maximizes our profits. We’ve also developed an experience and have purchased, rented and sold approximately 100 easy to use strategy for efficiently residential properties. For more on the Fair Lease/ buying discount properties (more Purchase and other real estate investing tips go don’t specifically, post foreclosures, aka miss out on his workshop in Kansas City on the 22nd. ―REOs‖). Some years, our side real estate in- Go to www.MAREInet.com/AndyHeller to sign up for the vestments have made more money event, and to register for some FREE Bonuses. Every than our individual successful ca- person that Pre-registers for the event will receive a free reers, and this on an average of just copy of Andy’s Book—Buy Even Lower. Investment News Page 11
  • 12. Investors Wanted Ideas for Government REOS On Wednesday, the Federal Housing Finance both current inventories and the expected inflow of Agency (FHFA),HUD, and the Treasury Depart- new properties. ment issued the call for private investors, industry Together, the three entities hold nearly 250,000 stakeholders, and community organizations to REO homes. About 70,000 of those are currently share their recommendations on how best to listed for sale, and another 22,000 have been manage the disposition of government-owned listed and a buyer has made an offer but the deal properties. hasn’t closed yet, according to an FHFA spokes- The agencies have issued an official Request for person. Information (RIF) to explore alternatives for fore- Federal officials believe the most effective tactic to closed homes held by Fannie Mae, Freddie Mac, take to reduce taxpayer losses and help alleviate and the Federal Housing Administration (FHA) – the market’s oversupply of homes is to sell off pools of properties to responsible investors I want YOUR Ideas on who will employ an REO-to-rental strategy. what to do with all But they say they’re open to any range of these Government creative ideas that will reduce the REO in- ventories of the GSEs and FHA, and mini- Owned Homes! mize loss severities at the same time. Per the RFI, strategies might include: joint venture proposals that specifically address local economic and real estate conditions; analytic ap- proaches to determine the appropriate disposition strategy for properties, whether sale, rental, or demolition; programs for previous homeowners to rent properties or for current renters to become owners through a lease-to-own option; or plans that include asset contributions from other REO holders, including banks and private securitization trusts. Officials noted that any recommendations involv- ing a rental strategy should also include details on the steps the investor will take to ensure the prop- erties are well maintained and managed. The ultimate goal, according to the administration, is to improve loss recoveries compared to individ- Page 12 MAREInet.com
  • 13. ual retail REO sales, help stabilize held on government portfolios, but gested, according to administration neighborhoods and local home the stream of new REOs coming officials. values, and where feasible and down the pipeline. ―Taking steps to encourage private appropriate, improve the supply of Federal officials say they are look- investment in REO properties and rental housing. ing for input not only on how to transition them into productive use The initial scope of the project pro- enhance market outcomes in the will help stabilize neighborhoods posal is to get around 90,000 process of disposing of REO prop- and home values at a critical time homes off Fannie’s, Freddie’s, and erties, but responses from industry for our economy,‖ said HUD Sec- FHA’s books, a HUD spokesper- participants that have the technical retary Shaun Donovan. son explained. She noted, though, and financial capability to engage The full RFI, detailing the admini- that this is just a preliminary ball- in large-scale transactions with the stration’s objectives and how to park figure, not the full reach of GSEs or FHA. submit recommendations, can be what they hope to accomplish. Based on responses to the RFI, viewed online. Responses are re- The primary objective, she Fannie, Freddie, or FHA may issue quested by September 15th. stressed, is to develop innovative requests for proposals to third par- Article Provided by Carrie Bay and effective strategies for manag- ties to implement the transactions with DSNews.com ing not only the current inventory or disposition structures sug- Do you have a house you need to sell? A wholesale Management Solutions or Assignment you need an end buyer for? to help your properties We are looking for homes to Rehab and Sell to First Time Home Buyers. Please add us to your Buyer List. Operate Smoothly Parameters: Increase Desirability  After Repair Value $120,000 to $180,000 Enhance Investment Value  3-4 Bedroom, 1.5+ Bath Attract & Retain Tenants  Basement & Garage Preferred Find us Online  Like Post 1978, but will consider older www.AbraxasMgmt.com  Cash Buyers, no Appraisals or Loan Qualification 816-474-8800 kcmoHomeBuyer.com Investment News Page 13
  • 14. Marketing Plan Ten Steps to Get Started 1. Become a student of your business. about the marketing of that product or service. Ideally if you ask any small business coach you should be spending Study your customer, your competitors, and trends in the about 30% of your time marketing your business. industry. You need to have a goal in this stage of top ten tips to become an expert in your business so you know how your 6. Start with one Marketing Method customers think. You will find that when you are the expert it Select one way to market your business that you are com- will be easier to know what your customer wants, how to fortable with, implement it, systematize it. Then add an- give it to them and how to share your product with them. other one, get it working well and on a system. Then add 2. Get some outside advice another till you have at several marketing methods that are continually generating new business. Find a friend or associate who is outside of your business and have them place themselves in their customer’s shoes. 7. Follow Up Work with them to find at least 10 new ways to promote your Most small business owners are great at following up on a business. You want the input from someone outside of your business lead that is going to give them business right now. business because, sometimes you are just too close and For example a client calls a contractor to ask them to do a need to get some fresh new outside ideas. bid for a rehab job. But not many follow up for no apparent 3. Remember not everything you do is not just to get reason. customers So as an example, all members at our group MAREI have You will be doing some things to bring in new clients and access to all the member profiles. Most profiles include some things to keep current clients. You will also be taking either a phone number or an email. As a new business at steps to build a good reputation and credibility with your MAREI, would you actually take the time to follow up with potential clients, so that when they are in the market for your every member to chat, introduce yourself, and find out what product or service they will remember that YOU are the ex- each member on the profile list does. Take notes as you pert in that area. talk and work on building a relationship. 4. You don’t have to do it yourself Then take it a step further and add them to your own data- base with a reminder to follow up with them in a few days. There are numerous different marketing tactics. Work the In a few days friend them on Facebook and then on Linked ones you enjoy, but if there is one you just hate, skip it and In. If they have an immediate problem help them solve it work on the others. either with your product or service or refer them someone Or hire someone to to help them solve their problems. do it. 8. Get a Marketing Buddy 5. You do have to do it Remember marketing is like meeting that New Years Reso- lution—you work really hard the first week and then let it Most small busi- slack off more and more till you have to get in to summer nesses are awe- clothes and you have another heavy week of activity, then some at offering the it slacks off again. Instead get a buddy to hold you ac- product or service. countable so you get off your butt and into that exercise or They may not be so in this case picking up the phone, sending a postcard, or good at or excited going to a networking meeting. Page 14 MAREInet.com
  • 15. The Federal Housing Finance Agency Program, created as part of the housing market. announced Sept. 2 that it filed suit Frank-Dodd Act, was designed to help ———————————— against 17 of the nation’s largest fi- up to 30,000 unemployed homeown- nancial institutions to recoup billions in ers in 27 states to continue making Mortgage loans in foreclosure had been delinquent an average 599 days, Lender losses from the sale of soured mort- their mortgage payments, the Journal Processing Services reported Aug. 30. gage-backed securities to Fannie Mae reported. The firm said the tally is the highest it had and Freddie Mac. ———————————— recorded. ———————————— Mortgage applications were down for ———————————— Freddie Mac accelerated its efforts to the third consecutive week despite Before the housing bubble burst, many buy loans backed by apartment build- fixed rates hitting historically low lev- believed the nation’s five biggest banks ings, which will boost the multifamily els, the Mortgage Bankers Associa- would control 90 percent of U.S. mort- real estate market by giving landlords tion reported in its weekly Mortgage gages, but some experts now believe mid- greater access to financing. Applications Survey released Sept. 7. size lenders will have greater opportunity to enter the market, National Mortgage ———————————— ———————————— News reported Aug. 31. Bank of America and JPMorgan Where do my MAREI dues go? For ———————————— Chase will not receive second-quarter the support and maintenance of this President Obama has signed the Home Affordable Modification Pro- newsletter, the website, negotiations Budget Control Act of 2011 (more com- gram funds from the U.S. Treasury of discounts with vendors, tracking on monly known as the Debt Ceiling Bill) Department due to ongoing poor per- market data, community events, and into law. After careful analysis of the formance in assisting homeowners in harmful government action and mak- bill NAR has concluded that it contains modifying their mortgages. ing sure you are updated on all of no direct impact on real estate tax rules ———————————— these on a regular basis. or spending provisions. No tax laws of The Obama administration will give ———————————— any kind were changed, nor were any unemployed homeowners until Sept. More than 28,000 underwater borrow- housing programs cut. But what will happen now that congress is now back 15 to apply for a new $1 billion fore- ers refinanced through the Home Af- in session closure-prevention program, The Wall fordable Refinancing Program in Street Journal reported Aug. 29. All June. That’s up 12 percent from May ———————————— borrowers must be approved by Sept. and was the first increase since Feb- Missouri Legislators went back to 30, which is when the government’s ruary. Federal Reserve Chairman Ben work in a special session to create authority to make new loans runs out. Bernanke has urged Congress to be new jobs in Missouri. The Emergency Homeowner Loan more active in helping the struggling FREE Gift! Get instant access to 3 great Be sure to use your discount FREE Bonuses. Valued at card for savings of up to 40% $200: Must Know RE Terms 2% Rebate, Get Registered. off regular pricing in all stores Glossary, Think & Grow Rich Instructions in the member nationwide. This is all part of Book , and Training eCourse. area of MAREInet.com. Log a NATIONAL Contractor Ac- in, click on Member Library count for awesome price sav- and look for Home Depot in ings! Card is in your mem- the Benefits Section. bership package! Investment News Page 15
  • 16. Market Data MAREI’s New Market Report On the National Level from Realtor.org The average sale price of a New Home is 8% lower that a New Home a year ago and the prices of existing or resale homes is “Pending home sales declined in July but remain well above year- down 2% from the same time as last year. When you look at ago levels, according to the National Association of Realtors®. All number of home sold this year compared to the same month of regions show monthly declines except for the West, which contin- July last year, we have a 54% Increase, compared to one month ues to show the highest level of sales contract activity.” ago we have a 18% decrease which reflects the normal slow Lawrence Yun, NAR chief economist, said sales activity is under- down we see in summer months PLUS the tighter lending stan- performing. “The market can easily move into a healthy expansion dards and the consumers reluctance to buy given the current if mortgage underwriting standards return to normalcy,” he said. issues in the economy and a wait and see attitude in regards to “We also need to be mindful that not all sales contracts are lead- our government – this is a time period over which our legislators ing to closed existing-home sales. Other market frictions need to in Washington were arguing over the debt ceiling limit increase. be addressed, such as assuring that proper comparables are used When we look at new home inventory, it is down 16 % from last in appraisal valuations, and streamlining the short sales process.” year, but up about 1% over last month. And we currently have “Looking at pending home sales over a longer span, contract ac- 9.4 months supply of homes listed for sale – a flat market is rep- tivity over the past three months is fairly comparable to the first resented by a 5 month supply. three months of the year, and well above the low seen in April,” Yun said. “The underlying factors for improving sales are devel- Click here to Read full our full Market Report oping, such as rising rents, record high affordability conditions  US New Homes Sold and For Sale and investors buying real estate as a future inflation hedge. It is  US New Home Inventory now a question of lending standards and consumers having the  US Homebuilder’s Confidence necessary confidence to enter the market.”  US Building Permits & Housing Starts Commercial Areas from KCRAR.com  KS & MO Building Permits (& KC Metro) “The commercial real estate market is bouncing back with a  KS & MO Housing Starts (& KC Metro) vengeance and exceeding forecasts from analysts. The signs are  KC Metro Home Sales & Average Sales Price clear: The number of troubled loans are dropping, occupancy is  US Existing Home Sales & Pending soaring, and office building sales are rising in some of the coun-  US Months Supply of Homes try’s largest commercial real estate markets.”  Bankruptcy Numbers Nationally & KS & MO  Unemployment Numbers US & Local Locally from KCRAR.com  Interesting Debt & Budget Numbers  Commercial Update  Pay Scale Index  Median and Average KC Prices  KC Sales by Price Range & Days Inventory   KS & MO Stat Chart – just numbers  KC Average Sale Price by County  National Foreclosure Rate Heat Map  KS & MO Foreclosure Activity Page 16 MAREInet.com
  • 17. Mobile Media Easy to Use / Customizable  Multiple Templates to Choose  PreFilled Text or Write Your Own  Unlimited Pages as Needed  Properties Descriptions & Photos MAREI  Tools to Build your Buyer’s List Internships  Data Collection Tools  Your Own Domain Managing  Keyword Rich for SEO Websites FREE Site / Hosting $19.95 Month Booking Events www.MAREInet.com/360REIStart Selling Find Out What Advertising YOU Can Do Graphic accurate Design with Mobile Media Accurate Closings: Marketing Smooth, Timely, Professional. Email Title Services Provided for: info@MAREInet.com  FSBO, Wholesale, & REO Transactions  New Construction Closings  Commercial Purchases and Refinance go to  All Types of Loan Closings MAREInet.com/LMT  1031 Exchanges  FHA, VA, USDA, Conventional Loans, For Examples and Hard Money Loan Closings  Refinance & Reverse Mortgages  Doc Prep, Prelim HUDS, Curing Issues  Short Sale Closing & Assistance  100 Years of Combined Service! www.AccurateTitleCo.com 913-338-0100 phone Investment News Page 17
  • 18. A quick glance at the spread- sheet for the June 2011 Payouts shows some interesting facts: HOME DEPOT  Smallest Payout was $0.31 REBATE CHECKS ARE OUT  Largest Payout was $17,180*  Average Payout $565.92  Members of the Kansas City How much did you get? REIA Chapters saved $63,948.49  Members of the Kansas City REIA Chapters spent DID YOU GET YOURS? $3,197,424.35 in the time covered for the June payouts  Combined Membership of all the REIA and Landlord groups Did you sign up? that are a part of this payout is estimated at about 500 members.  Only 113 out of the estimated More info at: 500 members participated.  Our goal for the next 6 months is to double all of those numbers above. So if www.MAREInet.com/HD you are not yet participating go to the link at the left and find out how to get started! Reports of: $777.44 (above), $103.45 (left), $25, $103.06, and $338.93. Page 18 MAREInet.com
  • 19. Asset Protection TE-TEE LIGHT Insurance Agency ELECTRICAL SERVICES www.REOIns.com Keeping you ―In-Powered‖ with Superior Electrical Service! 877-752-2742  FREE Estimates  FREE Consultations on Non-Emergency  24-hour Same Day Emergency Service Licensed, Insured, Bonded Serving Kansas & Missouri George Z. Bai, Sr. - Owner Office (816) 356-1870 Cell (816) 210-4710 TeTeeLight@gmail.com Real Estate Owned / Forced Placement For Investors & Finance Institutions For Investors By Investors In this market, you want an agent on your side that has the knowledge, the ability, the EXPERIENCE, “Flexible rehab options and the resources to help you! and purchase financing for qualified investors! Ann Wilkinson Vice President Mortgage Loan Production 12501 Antioch Rd Overland Park, KS 66213 Ph: (913) 402-1500 Fax: (913) 402-0673 AnnW@ArgentineFed.com www.ArgentineFed.com Realty Resource 115 E Gregory, KCMO 816-523-4400 www.RealtyResourceKC.com Investment News Page 19
  • 20. the next two decades into the Stock market and the drive toward tionwide! Also, there are brokers re- hands of Boomers. buying land porting around the country that they  1 in 4 Boomers own more than one As in most economic cycles, there are have more buyers than sellers. That is times when the stock market has not a great dilemma to have! If the stock piece of real estate. performed to investor’s expectations. market continues to be volatile, more  1/2 of Boomers own their home When the stock market is doing well and more investors are going to look to free and clear. there is no reason for investors to look land to fulfill a part of their investment  60% of Boomers plan to move to a elsewhere to secure a modest return needs. Some are buying land like it is a rural setting. on investment. But, as we know, the stock and betting that it will increase in Since 1 in 4 Baby Boomers own more stock market is mired in uncertainty. value over the next 5 to 10 years and than one property, the logical conclu- Because of this, some investors look beat stock market returns. sion is they will allocate a portion of for other investment options such as their investment portfolio and buy land hard assets. Both individual and institu- Don’t be left behind! Be a part of in the near future. tional investors are looking to land as the next great land rush! one safe haven to relocate part of their When the dust settled, many walked Baby Boomers are buying land, investment portfolio. This translates away from the Oklahoma land rush but most unlikely to ever move on that billions of dollars will be moved disappointed and empty handed. Don’t the property into land over the next few years. sit on the sidelines any further waiting Where are Boomers going to relocate As an example, the demand for hard for the next opportunity. You can say when they retire? In a poll commis- assets appeared in FL in 2004 and to your children that you were part of sioned by the National Association of 2005. In 2003 and 2004 the overall THE greatest land rush in US history! Realtors, 60% plan to move to a rural stock market results were flat. Inves- There simply isn’t a better time to area upon retirement. The operative tors were unsatisfied with the returns profit from land! word is PLAN. Many are in the process and began to look for investments out- of purchasing small and large tracts of side the stock market. Some turned to In the next few years there will be mil- land all around the country to fulfill real estate, (i.e. condos, preconstruc- lions and millions of land transactions. their future dream. Chances are that tion projects, rehabs etc.) particularly a I specialize in finding sellers – and you they will never move on to the prop- drive to buy land. At the time, I was can too. The marketplace needs inves- erty. Nonetheless, everyday there are associated with a real estate office in tors like me to find affordable land for more and more Boomers entering into rural Florida that only brokered land. this new generation of buyer. the land arena to buy their dream By early 2005, the office received con- property – and they are ready to buy tact from a new buyer every 15 min- Some of you are saying, “Can I really soon! utes! They learned investors wanted to buy and sell land?” Land is by far the buy for two reasons: (1) for investment simplest, easiest form of real es- and; (2) to build on the property at tate on the planet. Don’t be intimi- retirement. 80% of the buyers bought dated because you have never site unseen and lived far away from done something like this before. the property. The marketplace desperately needs The brokerage (as well as many other more investors to step into this once-in brokers in Florida) could not keep pace -a-lifetime opportunity. Won’t you join with the demand as there were more me? buyers than sellers. So, I and a few other investors went out to coax land- Buy land. They’ve stopped making owners to sell their property. In the it. - Mark Twain end, this one office brokered 1000’s of land deals ranging from a .25 acre to 500 acres. The demand for land is reoccurring again but this time it is happening na- Page 20 MAREInet.com
  • 21. More Information . . . More Confidence Do the math. Your vacancy is costing you every day. Fill your vacancy faster and save money with Rentals.com! More Profits Tenant Screening Discounts for MAREI Members: Pre Employment Screening Receive 20% off all Regular Contractor Screening Priced Advertising. Log into Collection Services Member’s Area, click on Member Discounts and look for MAREI’s Discounts for MAREI Members Discount code! www.AAAScreening.com 816-436-0085 “Presentation is Everything!” Property Management Rental Services Canyon-Stone.com Kansas City Metro 550 E. 56 Highway, Suite B Olathe, KS, 66061 www.JamiesonHomeTeam.com Phone: (913) 254-9300 Kevin Jamieson Fax: (913) 254-9301 816-503-4671 info@canyon-stone.com Investment News Page 21
  • 22. Sept 3rd Networking Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Sept 4th Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff CALENDAR Details, Times, Locations, Cost & Registration at www.MAREInet.com Sept 7th Sept 7th Networking Training Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle Winberry CESKC.com Mortgage Fraud - 6pm-9pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 10th Networking Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Sept 11th Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff Sept 12th Deadline Deadline to Reserve a Vendor Table for Tuesday Meeting by Noon Sept 13th Meeting Monthly Meeting: Career Education Systems South East side of Ward Parkway 6pm-9pm Sept 13th Training Advanced Property Management—Mid America Crime Free—All Day Sept 14th Training CESKC.com Mortgage Fraud - 9am-12pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 14th Training CESKC.com Appraisal Essentials - 1pm- 4pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 14th Networking Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle Winberry Sept 14th Networking Commercial Sub Group: 103rd 7 State Line 5:30 to 7:30 : Larry Prato / Spencer Cullor Sept 15th Training CESKC.com Lawsuits - 1pm-4pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 17th Training CESKC.com Credit Scores - 1pm-4pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 17th Networking Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Sept 18th Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff Page 22 MAREInet.com
  • 23. Sept 19th Training CESKC.com Lawsuits - 1pm-4pm,1 Credit Networking & Education Scores PHP, 3 Hrs Realtor Contin. Ed Sept 21 Training CESKC.com Short Sales / Foreclosures - 9am-1pm 1 PHP, 3 Hours Realtor C E Sept 21 Training CESKC.com Creating Wealth - 1pm-4pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 21 Networking Weekly Wednesdays: 103rd & State Line 9 Details, Times, Locations, Cost & Registration at www.MAREInet.com am to 11 am : Michelle Winberry Sept 24 Networking Independence / Blue Springs: Panera Bread 40 Hwy & 291 4pm to 6pm: Debra Felderhoff Sept 24 Training CESKC.com Negotiating - 1pm-4pm,1 Credit PHP, 3 Hrs Realtor Contin. Ed Sept 25 Networking Lee’s Summit: Panera Bread on Chipman Road in Lees Summit: Debra Felderhoff Sept 26 Training CESKC.com Short Sales / Foreclosures - 6pm-9pm 1 PHP, 3 Hours Realtor C E Sept 28 Networking Weekly Wednesdays: 103rd & State Line 9 am to 11 am : Michelle Winberry Sept 28 Networking Commercial Sub Group: 103rd 7 State Line 5:30 to 7:30 : Larry Prato / Spencer Cullor Oct 22nd Workshop Special Saturday workshop, Buy Low, Rent Smart with Andy Heller OU! THANK Y Many thanks to our Volunteers who sponsor a Networking. If you need more networking and interaction, please check out Larry Prato Spencer Cullor the Networking Group on the Commercial Subgroup Commercial Subgroup Calendar. First Networking event is free and does not re- quire membership. After that if you want to continue as a part of the subgroup, we request that you become a member of MAREI to gain more knowledge and access all the tools and benefits of membership Debra Felderhoff Michelle Winberry BS, LS, Indep Subgroup Weekly Wednesdays Investment News Page 23
  • 24. Your Info Other Buttons Members can find each other through the Search Member’s by Specialty section. So that they can find you, be sure to edit this information in your ―My Info‖ section.  View / Edit Profile will let you see what your profile will look like to other people  Edit Photo will allow you to load a photo or other item in a photo format so that when people look at your profile they can see what you look like and know who you are when they see you at meetings.  Search Member’s by Specialty in this area, we have already talked about, as the place where you can tell people a bit about what you do.  My Newsletter Subscriptions we don't utilize much as we don’t send newsletters through this system, but rather through an outside source.  My Affiliate Members lets you see the other people who have been added onto your membership Page 24 MAREInet.com
  • 25. See more details on each property in the Classifieds at www.MAREInet.com. Offered As Address City Price Bed/Bath Contact Phone Wholesale 2510 Myrtle KCMO $13,500 3/2 Christoph Becker 816-419-1165 Wholesale 310 E 81st ST KCMO $48,000 2/1 JD Asbell 913-583-1199 Wholesale 8701 N Troost KCMO $115,000 4/3 JD Asbell 913-583-1199 Wholesale 8413 E 85th Tr Raytown $48,000 4/2 JD Asbell 913-583-1199 Rehabbed 9436 Hakins Lenexa $85,000 2/1 JD Asbell 913-583-1199 Wholesale 5500 College KCMo $17,500 3/1 Christoph Becker 816-419-1165 Wholesale 5241 Olive KCMO $17,500 3/1 Christoph Becker 816-419-1165 Wholesale 5161 Hardesty KCMO $14,500 3/1 Christoph Becker 816-419-1165 Owner Fin Townhome Smithville Not priced 2 / 1.5 Rajeev Verma 913-735-5234 Wholesale 2904 E 35th St KCMO 14,999 5/ 1.5 Joey Kramer 816-510-4259 Short sales 3 houses KCMO $9k each Eric Deeter, Realty Resource 913-579-3354 Renal 7411 Forest KCMO 39900 2/2 Scott Tucker, Realty Resource 913-620-7934 Turn Key 8516 W 69th Tr Overland Park 119,900 3/1.5 Don Tucker owner/ broker 913-208-3017 Fixer No address No city No price 3/2 Kevin Jamieson Reece & Nichols 816-686-2955 Rental 1811 S Cedar Independence No price NA Kevin Jamieson Reece & Nichols 816-686-2955 Fixer 9900 Countryside Lenexa No price 3 / 1.5 Rick Zeitun 913-461-8560 Owner Fin No address Raytwon No Price 3/2 Michael Bryant 816-226-7299 Listing 3125 Spruce KCMO $19,750 2/2 Chris Pinkepank, Keller Williams 816-892-3533 Listing 3813 E 53rd Tr KCMO $22,750 3/1 Chris Pinkepank, Keller Williams 816-892-3533 Listing 6124 S Benton KCMO $22.750 3/1 Chris Pinkepank, Keller Williams 816-892-3533 Listing 6931 Jackson KCMO $22,750 2/2 Chris Pinkepank, Keller Williams 816-892-3533 Listing 4931 Chestnut KCMO $17,750 2/1 Chris Pinkepank, Keller Williams 816-892-3533 Listing 2402 NE 59th St NA $47,000 NA Chris Pinkepank, Keller Williams 816-892-3533 Listing 8321 Wabash KCMO $38,400 2/1 Chris Pinkepank, Keller Williams 816-892-3533 Turn Key 2204 SW Keystone Pl Blue springs $109,900 4/2 Don Tucker owner / broker 913-208-3017 Seller Finance 2547 Denver KCMO $27,000 3/2 Steve Summers 816-350-7200 Investment News Page 25
  • 26. Welcome We would like to welcome the New Members and Guests from the past month and to thank our New and Returning Members for being a vital part of this association! New Members Guests  Greg Billeisen, Kansas City, MO  Caral Burton  Alex Duckworth, Lee’s Summit, MO  Jim Easton  Karl Dunivent, Liberty, MO  Brett Gossen  Jeannie Esteves, Lee’s Summit, MO  Phil Jensen  Kamal Fuleihan, Olathe, KS  Antonio Jones  Kerry & Tami Hardinger, Overland Park, KS  Miles Krivena  Scott Kilpatrick, DeSoto, KS  Keith Mace  Michael Lanning, Kansas City, MO  Doug Neu  Ervin Middleton, Las Vegas, NV  Don Watson  Valerie Minnear, Lees Summit, MO Returning Members New Business  Scott Doherty, Leawood, KS  Jeffrey Forster, Independence, MO  Abraxas Property Management  Norm Kinnaugh, Lawrence, KS  Meka Cayce, Kansas City, MO  Steve Kolb, Kansas City, MO  Lacha Palomino, Kansas City, Mo  Joey Kramer, North Kansas City, MO  Jamieson Home Team - Reece & Nich-  Curt & Brenda Linstra, Kansas City, MO ols  James Maffuccio, Kansas City, MO  Kevin Jamieson, Independence,  Candace Vanice, Kansas City, MO MO  Kelley Weston, Lee’s Summit, MO  Joe Clark, Independence, MO Page 26 MAREInet.com
  • 27. Wireless Security Systems Keypad, 3 doors, 1 motion, 1 primary & 1 door siren On Demand Training One time Charge of $99 plus tax 30 Minute Segments Includes installation Requires 36 month contract. Top Investor Trainers Monthly Monitoring Fee $39.99 From the Comfort of Sell house transfer to new owner Your own Internet Connection or move to new house $39.00 Training Courses DevconSecurity.com REO & Lease Option Marian Collins: 913-907-4942 Creative Financing Gary Hartman: 913-991-1612 Automated Investments Auctions & Foreclosures Short Sales Government Grant Money www.MAREIU.com ―Recommended by Fortune Magazine!‖ On Saturday October 22nd, real estate expert Andy Heller will show you why TODAY’S real estate market is the best time EVER for investors, and this win- Free Copy for all dow of opportunity will be open only so long. Learn how to use Andy’s Fortune who register Early—see calen- Magazine recommended strategy. Andy will show you how to buy bank-owned dar on properties directly from banks and REO Agents for pennies on the dollar BE- MAREInet.com FORE the properties hit MLS, and how to cash in on today’s strengthening rental market with his ―Rent Smart‖ lease/option program. The workshop will include:  Why today’s COOLING market is a  How the ―typical‖ lease options mini- RED HOT opportunity for investor mize, not maximize, an investor’s profit  Buying Low: Learn about the un-  How to make a fortune in real estate tapped fortunes with bank-owned real AND help your tenants at the same time estate  How to sell for top dollar WITHOUT  What types of properties can you buy paying real estate commission from banks  Achieve your REGULAR RICHES: Real  How to buy REOs BEFORE they are estate fortunes for regular people . . . . listed on MLS without the hassles. Investment News Page 27
  • 28. membership What makes MAREI Different? You have a lot of choices in Kansas City for Real Estate and Landlord Groups. There are many rea- sons why MAREI is different, unique and better for you than other groups in the area. MAREI Others Monthly Meetings Saturday Training Seminars Monthly Webinars and Recorded Events Meet Local Vendors National Speakers Deal Makers Quick Pitch (Haves and Wants) Local Market Updates (at Meetings and Oline) Heavy Emphasis on Networking Very Active in Social Media Robust Monthly Newsletter Blacklist of Undesirable Speakers Rigorous Vetting Process Member Focused Mindset REIA Leaders Who Invest Full Time Robust Member Benefits Manual State of the Art Member & Guest Website Active in National REIA Active in Legislative Efforts to Protect Our Industry Packed Member Resource Pages & Online Library Non-Stop Sales Pitch Group Leader Focused Poorly Run, Poorly Organized Meeting
  • 29. Mid-America Crime Free Inc. Date: 10/19/2011 Proudly Presents! Time: 7AM to 5PM FAIR HOUSING & PREMISE LIABILITY SEMINAR Seminar Schedule 08:00-09:30 Registration / Buffet Breakfast (Fresh Fruit, Pastries, Eggs, Biscuits & Gravy) 09:30-11:45 Fair Housing w/ Robert J Wise 11:55-12:30 Foreclosure Issues w/ Wise & Anderson 12:30-1:30 Buffet Lunch (Beef Brisket & Blackened Chicken) 01:30-02:30 Premise Liability w/ Julie Anderson 02:30-02:45 Afternoon Break (refreshments) 02:45-03:15 Bed Bugs w/ Det. Todd Butler 03:15-03:25 Break (refreshments) 03:25-05:00 Physical Security / Lighting Issues w/ P.O. Mike Betton 05:00 Seminar Concludes This is YOUR chance to learn and discuss all the aspects of FAIR HOUSING in an OPEN FORUM with landlord/eviction ATTORNEYS Robert J. Wise and Juli Anderson. Also DISUCSS the ever changing ideas that surround PREMISE LIABILITY with AT- TORNEY Julie Anderson. We also will have a presentation on the BED BUG infesta- tion with Detective Todd Butler and then wrap it all up with updated information on PHYSICAL SECURITY with P.O. Mike Betten. All of this great information, breakfast and lunch for one GREAT PRICE of $99.00. Don’t miss out on this great SINGLE DAY SEMINAR. Location: Mid-America Crime Free Inc. Holiday Inn Kansas City Metro Patrol Division CoCo Key Water Resort 7601 Prospect Ave 9103 East 39th Street Kansas City, Mo 64130 To Register Go Online to www.kcCrimeFree.com If you have any questions please contact P.O. Aaron McKie at 816-581-0723 or aaron.mckie@kcpd.org