Embed Size (px)
DESCRIPTION
The RE Investment News is the newsletter for the Mid-America Association of Real Estate Investors a trade association in the Kansas City Metro.
Citation preview
MI D - A ME R I C A A S S O C I A T I O N O F R E A L E S T A T E I N V E S T O R S
February 2013
MAREI test new meeting format. Check out Deal or No Deal and Shark Tank, this month at MAREI.
NETWORKING : EDUCATION : COMMUNITY : GOVERNMENT
Investment News
M
AREI’S
M
EM
BER B
ENEFITS P
ROGRAM
YOUR M
EM
BER B
ENEFITS
AT-A
-GLANCE
Page 1
0
Page 2 MAREInet.com
CONTENTS
Never Fail
8 . . .Guide for Flipping Houses
Attract Seller Leads
12 Using your Real Estate Website
and Blog
Long Term Holds
16 Quick Turns . . . Why Not
Both
Tech Corner
18 Top Smartphone Aps for 2013.
Test them today!
Every Issue
06 How I Did the Deal
10 Benefits at a Glance
14 Membership
20 Investment Opportunities
22 February Landlord 101 Workshop
23 February Monthly Meetings
24 Monthly Calendar
Web Exclus ive
Real Estate Re-
port Kansas
C ity 2013
MAREInet .com/
KC2013
@ Check out our Website MAREInet.com
Contact us by Phone 913-815-0111
Email US [email protected]
Join The Conversation MAREInet.com/Blog
Join Association MAREInet.com/Membership
Web Exclus ive
Dig ita l HouseHunt
MAREInet .com/HouseHunt
Investment News Page 3
SERVICES THAT PUT PROS
AND INVESTORS FIRST
With our FIRST for Pro initiative, The Home Depot is taking Even better care of our best customers.
FAST IN AND OUT Time is money — we’ll get you back to work quickly.
Dedicated Pro Desk Associates.
Two hour advance order pulling.
In Store Hands On—How To
Workshops Want to learn How a project is completed. Check out our
workshops.
In store workshops each month, check out our website
and your local store.
Access step by step video 24-7 on our website—look for
our Project Guide Library
10% Price Guarantee If you find a lower price on identical in-stock item
We will match the price & beat it by 10%.
Excludes special orders & bid pricing and others—see website for complete details.
GREAT PRICES JUST FOR PROS
We Offer everyday low prices, plus more ways to save on
larger orders.
You can count on competitive pricing on everything in
every department
Volume pricing discounts available on purchases as low
as $2,500.
Instant bulk price savings available 1000s of items.
SPECIAL DISCOUNTS FOR MAREI
MAREI members receive special discounts at The
Home Depot nationwide.
Two percent rebate paid twice a year on all purchases
made through all registered accounts.
Twenty percent discount on selected paint brands.
Exclusive to members of National REIA.
EXCLUSIVE PROJECT ESTIMATOR APP
Coming in 2013, the Home Depot Project Estimator App for
iPad, a business changing tool for National REIA Chapter
members nationwide. Watch your local REIA Chapter for
more information.
Page 4 MAREInet.com
Mid-America Association of
Real Estate Investors
The only National REIA Chapter in the Tri State Region Serving KS, MO & NE
Honor’s of Merritt Winner
National REIA Awards of Excellence
2011 & 2012
Read Newsletter Online Anytime
MAREInet.com/Newsletter
Connect with us Online
LinkedIn Group:
Kansas City Real Estate Investors
Facebook Page:
Kansas City Real Estate Investing
Facebook.com/Groups
Kansas City Real Estate: /kcrei/
Mid-Missouri Real Estate: /MidMo/
Omaha Real Estate: /OmahaRE/
Topeka Real Estate: /TopekaRE/
Wichita Real Estate: /WichitaRE/
Special Groups Facebook
KCMO Water Dept Issues: /badbilling/
MO Creative Finance Legislation
Find us on Twitter
@MAREInet
Tweet #KCREI
Contact Information
PO Box 8685, Prairie Village KS, 66208
Phone: 913-815-0111 Email: [email protected]
Our Mission Statement Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate
investing and to protect and promote the best interest of our membership through educational
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.
Content Disclaimer The views and opinions expressed by authors of articles contributed to this newsletter do not
necessarily reflect those of the association, the board of directors or the staff.
Advertise in the Investment News
Rate Schedule
Size Non-Member Member Business Associate
Full Page $175 $140 $115
1/2 Page $145 $105 $85
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 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 advertising on www.MAREInet.com. Call
913-815-0111 for more information. Email ad copy to [email protected]. Mail payment to
MAREI, PO Box 8685, Prairie Village, KS 66208 or request an online payment for to use credit
or debit card.
Investment News Page 5
LET US HELP
KEEP PROPERTIES MARKETABLE
Keep Costs Under Control & Meet Tight Deadlines Dedicated to your Success, With Solutions for Every Surface & All the Essentials
EXCLUSIVE MEMBER DISCOUNT
MAREI as a member of National REIA is able to bring our
members the exclusive Sherwin William Discount Card that
offers unbeatable savings on paint, applicators, floorcov-
ering, paint sundries, wall covering, spray equipment,
and even window treatments!
Members look for your discount card in your members
Benefit Package or download from the Member’s Dis-
count Section of the MAREI Member Library.
National Account Services
Our strategic account teams can
simplify processes and maximize
efficiencies with centralized
account management.
LEED® & VOC Coatings
Download the latest guide on
our products that meet LEED®
and low VOC specs.
Color Services
Find out about our color design
services for properties and read
about the latest color trends.
Flooring Products &
Installation
Wide variety of name brands,
24-hour turnaround and reliable
installation.
Commercial Wallpaper
Sherwin-Williams is your
one-stop source for commercial
wall covering. Over 5,000
residential and commercial
wallpaper collections available.
Commercial Floor Coverings
From carpeting to sheet vinyl,
select the right floorcovering
specific to your needs. Fully
stocked national network, fast
turnaround and reliable service.
HomeScapes®
Enhance curb appeal and make
selection easier with pre-
selected exterior color schemes.
Finishing Touch™ Builder
Support Program
Comprehensive Program for
your Home Buyers: Welcome
Kits, Discount Cards, and Model
Home Programs.
ASK SHERWIN WILLIAMS
Find out more about all these products
and services offered by Sherwin Wil-
liams plus their Chip It Online Color
Matcher, ColorSnap Studio for iPad
and their Paint Pro Alerts by Text at
www.Sherwin-Williams.com .
vestment!
I was hooked. I took the cash I had earned from this venture and decided to try my hand at a tax deed auc-tion. The nearest auction with homes for prices in my
range was in Wichita. Again, I prepared, had a list and after researching the market, set my top prices for each
property on the list. I was able to pick up 2 properties with full ownership rights this time. Kansas requires a one-year redemption, so I had to hold the properties, get them cleaned and keep them within city and county ordinance rules.
The week after I bought the properties, I joined MAREI. I had crossed the line, and was an actual real estate in-vestor, and I knew I needed help and encouragement to keep going. Other than my son, the rest of the family continued to chide me for throwing my good money away and having nothing to show for it.
One year after my purchases, I got a letter on one of my Wichita properties. I was so excited! I hadn’t posted a single for sale sign, not one on-line posting on either
property. I was still learning and planning what to do.
I contacted the lady who had sent me the letter and she said I owned the last open lot in a neighborhood where new homes had been going up like crazy. She really
wanted to live in this newly popular neighborhood and wanted to buy my lot.
She told me what price range she was seeking. We set-tled on a price and two months later, I closed my first deal! I cleared six times what I originally paid for the property at auction! Now, I have the second property left to sell. My profits went into rehab work on the sec-
ond property, and that work continues.
Now, I am truly a real estate investor. It’s taken a few years, but with MAREI’s help and the assistance of the
fabulous MAREI community, I look forward to finally be-ing able to make up what 2008 took away from me and reset my plans for retirement. And eventually, there will
be something for me to leave my son in appreciation for turning his mom’s sad story into one of success.
Deal submitted by MAREI Member Day Boswell, Real Estate and Tax Lien Investor. Find her online on both Facebook and LinkedIn.
Submit your deals to [email protected]. Deals selected for publication
will receive a $25 credit on account to apply to workshops.
I went to a workshop to find out more about real estate investing, and as hard as I tried to find it, there didn’t seem to be anything too complicated about the process-es. I was hungry for more.
I purchased a training package on tax liens and deeds
and that’s where I started. Since I didn’t have a lot of cash available, I settled on Nebraska to start investing. Nebraska is a tax lien state and many counties there have round robin auctions, a very simple low-pressure
way to start. The county official went around the room, one investor at a time, and asked simply yes or no, do
you want the lien on the next property. You could choose to either pay the tax due and own the lien, or pass to the next investor. For me, it was important to start low-key and start to learn.
First, I spent $10.00 on a downloadable copy of the property list from the county and pre-registered for the auction. Using the criteria I learned from the class, I
looked up each property on line and made a quick yes or no decision about whether or not I wanted the property lien. I got my checks in order for the auction with a grand total of $3,700. I drove up to Nebraska the week-end before the auction and tried to at least confirm, by neighborhood, my own yes or no choices. Some houses got crossed off my list; others were added.
Monday morning, I signed in for the auction, and took my bidder number and seat. I was nervous, but I stuck to my list, passing on the Nos, and as long as my check-ing account still had funds, I kept saying yes.
When I left, I was the proud owner of 5 tax liens. All I had to do was sit back and wait. Within the first month,
one tax lien cashed in. I had just gotten my money back. Three months later, the second one came through, then the third followed. The fourth one paid out after about a year. At this point, I had cleared a total of 8% on my initial investment, better than any other savings or investment plan I’d been in for quite some time.
Nebraska allows tax lien holders to continue to renew
their lien each year if the owner doesn’t pay the taxes. A
letter came with an offer to renew at the price of taxes due and I bought the lien for a second year, and a third year. At the end of the full three years, the lien owner can foreclose and fully own the property. I had renewed the one certificate each year for $277. On the 35th month, I was starting to contact real estate lawyers to
walk me through the foreclosure process. I was ready to own my first property for $831, plus foreclosure proceed-ing costs (about $1500). The owner paid off all three years one week before the deadline, and I lost the prop-erty, but I earned a compounded 21% on my initial in-
Page 6 MAREInet.com
How I did the
DEAL!
Investment News Page 7
Property Management
Rental Services
Kansas City Metro
www.JamiesonHomeTeam.com
Kevin Jamieson
816-503-4671
The best place on the entire
planet to buy kitchen cabinets.
We Have The Best Prices
Everything Is In Stock
We Ship Fast
Free Design Help
www.CabinetGiant.com
Josh Burns
1-877-484-4268
PRIVATE LENDER, not broker
No income, asset or employment verification
Quick Approvals and Closings
Interest Only Payments, during loan term
Closed & Titled in LLC, Corp or Partnership
No Pre-Payment Penalties or Hidden Fees
CALL US FORCALL US FORCALL US FOR
Transactional Funding - 24 Hours or less
Flex Funding - 2 days to 6 months
Rehab Loans - 100% of costs up to 70% ARV
Donald Tucker : 913Donald Tucker : 913Donald Tucker : 913---890890890---FUND (3863) FUND (3863) FUND (3863)
www.InvestorsChoiceFunding.comwww.InvestorsChoiceFunding.comwww.InvestorsChoiceFunding.com
[email protected]@[email protected]
www.CoffeltLandTitle.com
For title, escrow,
1031 & foreclosure.
Bud Whisler
816-380-3441
Page 8 MAREInet.com
How to Never Fail at Flipping a House
There are hundreds of articles and people who
will tell you how to buy and sell property but I
will tell you how to set yourself up to succeed
every time by reverse engineering.
Before you start looking for properties, do the
following two items: first, decide how much you
have to spend and more importantly how much
do you want to make on your investment. For
example you have $75,000 to spend and you
want to make 40% on your money. (For me I
never go below 35%, anything less than that is
too much risk.) Using the above numbers your
projected Return on Investment should be
$30,000.
Now you are ready to search for a property.
Work with your agent to target an area to buy
that will meet your investment needs. Remem-
ber the first and most important place to make
money is on the buy! You have $75k total to
spend therefore you probably don’t want to
spend more than $25k (33%) on remodeling
costs, so the simple math will tell you that you
can’t spend more than $50k on the house.
Make sure you get at least 3 comps and aver-
age the sale price to ensure it fits into your for-
mula. Example, if you are projecting to make
40% on your investment using this formula
your comps would need to have an average
sale price after rehab of $105,000.
It doesn’t matter if you are planning on holding
the property as a rental or selling for quick
cash, the numbers should be the same. Many
investors got stung when the market went
down and wish they would have had more eq-
uity in their rental deals so they could sell the
property now without taking a loss. Now that
you know what you want to make and where
you want to end up it is much easier to pull the
trigger on the purchase.
Candace Davis
Arrow Equity Trust, LLC
Real Estate and Management Solutions
NEVER FAIL!
Guide to Flipping Houses . . .
. . . Candace Davis
Investment News Page 9
Keys to Success:
1. If you are new to the game
stay away from any proper-
ty with foundation issues.
(Although once you are
more seasoned there are
some huge value opportuni-
ties on properties with foun-
dation problems.)
2. Again if you are new to the
industry never buy a prop-
erty that you can’t com-
pletely rehab in 30 days or
less. This means that the
total rehab budget should
be no more than $40,000.
3. Have your property thor-
oughly inspected by a li-
censed inspector, especially
if you are new to the indus-
try. The couple of hundred
dollars you spend will save
you in unforeseen costs that
could blow your deal.
4. Make a complete budget
with labor, materials and
holding costs. Don’t esti-
mate at first, get hard num-
bers. Add at least 10% to
your budget for unforeseen
issues.
5. Make sure the property is
secure on the day you buy
it, even before you close.
This means putting up secu-
rity lights in the front and
back of the house. Turn on
the electricity, even if you
don’t own it yet. You don’t
want to have break-ins
while you are waiting on
your closing.
6. Clean Exterior of property
from any debris that might
be a flag for neighborhood
preservation.
7. Weatherproof property, this
means roof, if needed,
board up of windows, etc.
8. Always try to work from the
inside out unless you have
weather issues and/or codes
issues of which the city is
demanding repairs
9. Decide if you need windows
and order immediately.
10. Make sure all your mechani-
cals are good before pro-
ceeding: Plumbing, Electri-
cal, HVAC
11. Always repaint all interior, if
you are spraying the paint,
do not turn on Heat/Air.
This could ruin your furnace
and a-coil.
12. Always paint trim first and
then mask off for the re-
maining interior and don’t
leave tape on too long.
13. Always replace all lighting
inside and out
14. Always replace hardware/
fixtures so it matches
throughout the house. Paint
on hinges screams “Cheap
Rehab!”
15. Landscaping and curb ap-
peal is critical! Check out
Costco for shrubs/plants –
there prices are unbeatable
when in season.
16. Track your expenses and
compare actual costs to
your budget so you know
exactly how much you have
spent- do this once/week at
a minimum.
17. Have a backup plan in case
the property doesn’t sell for
what you project.
If you are true to your numbers
you won’t get burned as long as
you put the proper time into
your budget and do your re-
search on current sales in the
neighborhood. You must still
always have a backup plan and
know your bottom sales price.
If you can’t sell for this price,
you may want to consider rent-
ing the property or do an owner
finance deal or contract for
deed. If you decide to go this
route, you may want to hire a
professional property manager
to keep an eye on your invest-
ment.
As you do more deals, you will
start to get a feel for how much
things are going to cost you.
Start working on your own for-
mulas for your rehab so you get
more accurate on your budget.
Be a student of the numbers
and know your market for your
best success in real estate in-
vesting.
Candace Davis
816-304-8811
855-462-1169
ArrowEquityTrust.com
Page 10 MAREInet.com
Learn how to save money at Home De-pot and register for a 2% Rebate for all
purchases & rentals across the US. Plus 20% Discount on Paint in Kansas
City. And coming in 2013 the New Home Depot App for iPad exclusively for Chapter Members to use in project esti-
mation on home repair and remodel.
All members receive a discount card to access our exclusive discounts up
to 40% off all paint, supplies, and flooring—nationwide.
Websites for investors, landlords, and
other services. FREE trial.
Email and Social Media Marketing, Free
Trial and Discounts for paying in ad-
vance.
Screening for tenants & workers with 20% discount for members.
FORMS & DOCS
Member Library is packed with forms and docs, plus 15 % discount at EZ Landlord Forms for premium forms.
Market your rentals on the nations top ranked rental site. Member discount
is 20% off Regular Prices.
Save on select FedEx Office copy and print services up to 20% and on Fed-
Ex Shipping up to 22%.
Receive discounts up to 65% on over 12,000 products you use the most
online and in store.
MAREI’S MEMBER BENEFITS PROGRAM
YOUR MEMBER BENEFITS
AT-A-GLANCE USE THIS PAGE AS A GUIDE TO VALUE ADDED DISCOUNTS TOOLS AND SAVINGS CREATED JUST
FOR YOU ON GOODS AND SERVICES YOU USE EVERY DAY.
E-Update
MAREI’s award winning weekly email
update with what’s happening in real
estate including properties for sale, gov-
ernment affairs and local market data.
Investment News
The award winning newsletter for Mid-
America Association of Real Estate In-
vestors: published monthly and distrib-
uted both in print at our meetings and
digitally to our database of over 5000
people. One of the best ways to get
your message in front of a targeted
group of real estate professionals.
Magazine for the real estate investor. With discount subscriptions for MAREI members and FREE copies available
at our monthly meetings.
Free issues of both magazines
available at the monthly meetings of MAREI.
Landlord Services
Office Solutions
Suppliers
Marketing
News & Information
Investment News Page 11
We have several services as part
of our website to help you grow
your business.
Calendar of Events to stay up to
date with all of our activities.
Browse the member properties to
find your next deal. Take the
time to post your investment op-
portunities for other members
and site visitors to browse.
The Member Library is packed
and ever growing with pdf ver-
sions of entire books, EBooks,
Articles, Forms, and Documents.
Nearly 70% of QuickBooks users say that it makes their business more prof-itable. Get your Accounting on track. Buy at a 20% discount our special links from the MAREI Web Site.
REAL ESTATE BOOKS
The nation’s largest provider of
real estate training materi-
als, DEARBORN is America’s
Premier Real Estate Publish-
er. Members receive up to 40%
off.
Special member discounts for
members at Avis, Budget, and
Enterprise Rentals.
The Local Market Monitor tracks
real estate sales and economic
trends nation wide. Offering
25% Discount for Members.
MAREI’s Political Advocacy Group
actively monitors national legisla-
tion and rule-making that im-
pacts the real estate industry and
harnessing the strength of MAREI
members at the grassroots level.
MAREI mem-
bers also re-
ceive timely
Calls to Action
when there is a
time for our
members to
take action on
an important vote.
Members also
have access
to the latest
in Market Da-
ta.
Other Discounts
VISIT
ww.MAREInet.com
Look under Resources &
Members Only
Member Service
Page 12 MAREInet.com
Most real esate business generated through the internet is
capturing interested buyers. The reason is sim-
ple: Buyers are generally very active online while
searching for property. With the internet, one can dig
through 100s of listings before making a decision to go
see one in person. This process can take months as they
get more and more serious about the decision. Up until
that moment, they are usually guiding themselves
through their search online, using multiple sources to
browse property. At every turn during this stage, if you
have the tools they need, there is an opportunity to en-
gage the buyer.
Sellers on the other hand, although anxious to sell their
property when the time is
right (or the time is right
now), are not nearly as
active as the buyer. Their
need is to find the agent
that can get them the best,
serious offer for their prop-
erty. Their goal is to make
the right decision with an
agent so that they don’t
have to guide any of the
process. As an agent, build the trust that you are that
best resource and you win the business.
How To Improve Your Webite’s Ability To Attract & Engage Sellers
Firstly, one needs to put themselves in the shoes of
the seller.
What are the most common concerns/questions that
you have to address when you are looking to win the
business of a potential seller client
What are the most common challenges that you have
to overcome with sellers?
What are the most common services that are ex-
pected of you by a seller?
And finally, what are the most common reasons you
fail to win the business of a potential seller client?
Address all of the above quickly and easily through
your website and you’ll start to win seller business.
Here Are Some Expert Tips On How To Accomplish This Goal:
Represent and Showcase Your Properties in the
Most Positive Light.
Dedicated Property Pages A well organized, and
clean layout for each listing shows that you care and it
gives a nice first impression for
all your listings.
High Quality and Appropri-
ate Photographs The photos
of your listings are so crucial to
making a good impression. It
seems like this is the most overlooked element of list-
ings, and that is a major failure.
Comprehensive Descriptions If you want
to improve the SEO of your property, write unique,
comprehensive content/descriptions.
Homepage Showcase Use an elegant slideshow,
carousel, sidebar list/gallery, or at a minimum in a
drop down from the main navbar under Properties.
Effective SEO You need to get your listings’ home
addresses on the front page results of Google. If you
are listing 123 Elm St, San Diego, CA and you are not
on the front page for that search phrase, you are do-
ing it wrong.
Dedicate Content To Engage Your Seller Traffic.
Simple. Blog to the Seller
Some ideas:
Seller’s Objections Handle the challenges that you
know your future sellers will present before they be-
come a stumbling block.
Success Stories No one else is going to publish your
awesome sauce. Pat yourself on the back by telling a
story with a happy ending. Make sure to always link to
your testimonials page.
Develop A Must Read Sellers Info Page That In-
cludes: Your Mission Statement !
Strong Calls To Action That Get Sellers’ Attention
– Hook Them! Again, you must get into the shoes/
head of your seller traffic. When you know what your
Attract Sel ler Leads
Use your Real Estate
Webs ite & Blogging
Duncan Wierman
Investment News Page 13
audience is looking for, it’s much easier to provide it.
What have they come to find? Answers to their ques-
tions? Services for their needs? Examples of your awe-
someness?
Set up an email subscription (feed) to your blog
category for sellers (e.g. Home Selling Tips). Making
it clear to sellers that they can subscribe receive to
Seller Specific content – free of all the other blog up-
dates.
Video Video Video A recent study claims that 73% of
homeowners say they are more give their information to a
company doing video. A great way to practice your video
skills is video blogging (vlogging), video testimonials/
interviews.
Online Lead Generator
Duncan created an Online Lead Generator Software Pro-
gram for his own business. To automate the generation
of leads in his own real estate investing business.
Now through a partnership with MAREI is able to bring
this program to you for FREE.
To access your FREE Copy
Go to
MAREInet.com/LeadFinder
www.APIAProtects.com
1(877) 752-2742
Lisa Goodner
Because APIA sells only Real Estate Owned
(REO) and Forced Lender insurance coverage,
we've become the industry leader in providing
comprehensive, affordable coverage to inves-
tors, financial institutions and mortgage compa-
nies.
Our company specializes in Real Estate Owned
(REO) and Forced Lender insurance coverage
for property investors, servicers, financial insti-
tutions and mortgage companies. Standard in-
surance companies also turn to us for our ser-
vices.
HOUSES WANTED
Local Cash Buyer Looking for 2 to 4
Houses a month to purchase, rehab
and sell. Money Partners want their
money placed quickly so they can
turn their money fast and make a
profit.
Can’t do that with out houses!
Bring us a deal!
Email: [email protected]
Submit Online:
kcmoHomeBuyer.com
Page 14 MAREInet.com
Renewing
New & Renewing MEMBERS
New Members John Bennetts (since 2010): Kansas City, MO
Brett Bumgarner (since 2012): Olathe, KS
Vicki Cox (since 2004): Kansas City, MO
Candace Davis (since 2011): Fairway, KS
Mark Edmondson (since 2008): Shawnee
Jason Gingrich (since 2011): Lees Summit
Rick Hampton (since 2010): Overland Park
Makeba Hart (since 2010): Independence,
Brandon Jackson (since 2011): Shawnee
Johannah Koppen (since 2012): Kansas City, MO
Jamie Lanning (since 2011): Kansas City, MO
Jeff Larson (since 2010): Kansas City, MO
Steve Lau (since 2009): Overland Park, KS
Shelly Longanecker (since 2010): Osage
Beach, MO
Joe McDonald (since 2012): Wichita, KS
Katie McDonald (since 2012): Wichita, KS
Lisa McKay (since 2011): Shawnee, KS
Mara Meade (since 2004): Lee’s Summit, MO
Jerry Porterfield (since 2005): Lone Jack,
Phillip Rich (since 2005): Omaha, NE
Michael Stilfield (since 2007): Levasy, MO
Stephen Summers (since 2010): Independ-
ence, MO
Evelyn Tabor (since 2009): Belton, MO
Fritz Waldo (since 2010): Kansas City, MO
David Watson (since 2011): Topeka, KS
Daniel Weisner (Since 2012): Grandview, MO
Paula Weisner (Since 2012): Grandview, MO
Adrian Williams (since 2011): Kansas City, MO
Erica Young (since 2008): Bonner Springs, KS
New Business Members
Stephanie Cunliff: MO Farm Bureau: Liberty, MO
Chris Friedl: Long HornInvestments: Dallas TX
Other New Members
Mary Absher: Topeka, KS
Mike Bender: Osage Beach, MO
Loni Bernard: Lee’s Summit, MO
Beth Bernier: Prairie Village, KS
Stephen Davies: Platte City, MO
Tony Deniger: Olathe, KS
Bill Ellis: Kansas City, Mo
Daniel Fair: Basehor, KS
Luke Faulconer: Leawood, KS
Kev & Janet Farnsworth: Kearney, MO
Damon Hayes: Kansas City, MO
Wayne Higgins: Prairie Village, KS
Jeff Hill: Leawood, KS
Terry Hill: Kansas City, MO
Bill Kennedy: Greenwood, MO
Nicholas McKinnis: Kansas City, MO
Scott Meinhardt: Overland Park, KS
Randy & Jeanette Metzler: Kansas City, MO
David Moore: Overland Park, KS
Shenetter Moore: Kansas City, MO
Sean O’Donnell: Independence, MO
Keith Oliver: Topeka, KS
Daniel Reedy: Grandview, MO
Anthony Schweitzer: Lee’s Summit, MO
Stanley Scott: Kansas City, MO
Bob Smalley: Kansas City, MO
Andrew Syrios: Kansas City, MO
Duane Tolbert: Kansas City, MO
Tom Travers: Independence, MO
Debra Vanderwert: Prairie Village, KS
Willis West: Cleveland, MO
We had a record breaking January with new
and returning members. So as of the First
of February we are sitting at 350 Active
Members. Thanks for all your Support!
Investment News Page 15
Christoph Becker: Overland, KS (since 2010)
Christina Kanas: Grandview, MO (since 2006)
Brenda Linstra: Kansas City, MO (since 2009)
Curt Linstra: Kansas City, MO (since 2009)
INVESTOR
MEMBERSHIP
BUSINESS
MEMBERSHIP
informed MAREI
Professionals
targeted group
Of Clients
From Motivation to How To Optimization of Your
MAREI members are above the
crowd. They participate in an in-
formative newsletter, blog, and
social media experience. They
connect, ask questions, and share
opportunities through our interac-
tive website and live meetings.
Plus they save $100s using the
many member discounts.
MAREI sets the standard for real
estate investor networking and
education, drawing the type of cli-
ent you want to do business with.
Our meetings and online presence
gathers targets the qualified leads
your business needs. But there is
only one way to get in front of
them . . become a Business Mem-
ber today!
$99.00 / year
Additional Member $50
$499.00 / year
Includes Advertising
Page 16 MAREInet.com
“There is so much opportunity in this market,
I feel like a mosquito in a nudist colony.”
-Warren Buffett
“Don’t let tradition paralyze your mind. Be re-
ceptive to new ideas. Be experimental. Try
new approaches. Be progressive in everything
you do.”
-David J. Schwartz, The Magic of Thinking Big
It’s so true! We categorize ourselves in so many
ways. Think of high school. You were a jock, an art-
ist, a brain, or a part of the grunge group. Even as
adults, we identifyourselves by what we do for a liv-
ing. I’m writer, I’m a salesman, I’m a teacher, I’m a
real estate investor. It’s endless. But these catego-
ries provide security. Security knowing we are a part
of a group. Something larger than us. We are not
alone. The focus isn’t on me, it’s on my profession
or the group.
I’m at fault like anyone else. There are times I enter
into the walls of security. Sometimes I do it to strike
up a conversation, other times it’s to try to establish
myself in a social setting. A social hierarchy if you
will. But the reality of it is, no matter how much
security we feel in being part of a group, the securi-
ty is what hinders us from growth. It prevents edu-
cation in other are-
as. We have to
fight against the
security. We need
the insecure feel-
ings and to take
actions that allow us to educate ourselves, grow our-
selves and become trailblazers.
That is why I smile when I meet an investor and the
person categorizes himself as a “wholesaler”,
“rehabber” or “landlord”. I smile because I did the
same thing and was long part of the problem. I was
“Mr. Cash Flow”. Make a little money now for the
long term pay day down the road. I readily admit to
being a Carlton Sheets student. I bought his system
thirteen (13) years ago and I still believe in his phi-
losophy of buy and hold. The problem was, five (5)
years ago, I couldn’t buy and hold. Nothing would
cash flow. Prices were too high. So I had to venture
out of my security and into unknown territory. I be-
came a “rehabber” and an occasional “wholesaler”.
Changing investing strategies was difficult but neces-
sary to survive. If I didn’t change, my business
would not have survived. I know a good number of
investors who couldn’t change their investing strate-
gies and they are no longer in the business. One of
Long Term Holds . . .
QuickTurn . . .
Why Not Both!
Chris McClatchey
Investment News Page 17
www.AccurateTitleCo.com
913-338-0100 phone
Title Services Provided for: FSBO, Wholesale, & REO Transactions New Construction Closings Commercial Purchases and Refinance All Types of Loan Closings 1031 Exchanges FHA, VA, USDA, Conventional Loans, and
Hard Money Loan Closings Refinance & Reverse Mortgages Doc Prep, Prelim HUDS, Curing Issues Short Sale Closing & Assistance 100 Years of Combined Service!
accurate
Accurate Closings: Smooth, Timely, Professional.
my main beliefs is that you have
to take what the market gives
you. You can’t force the market.
If you try to force the market, you
may not survive. But if you edu-
cate yourself, you can create new
opportunities for yourself and
your business.
My business is no longer just “buy
and hold”. I still do some of that
and I have not wavered from my
core belief in long term holds.
But I take what I have learned in
the other areas of investing and
take creative approaches to my
long term assets. I incorporate
“wholesale” fees in my long term
hold deals. I maintain long term
positions in some of my “quick
turn” deals. I reduce or eliminate
some of the long term risks by
bringing on partners. I use wrap
mortgages, lease options, owner
financing and sub-to mortgages. I
also use them together and in dif-
ferent combinations. All of these
strategies were learned by ex-
ploring areas of real estate out-
side my comfort zone. I believe
you can have your cake and eat it
to or in real estate terms, you
can have your cash in hand
now and long term wealth lat-
er.
Real Estate Investor and At-
torney Chris McClatchey has
invested all over the world as
well as his little corner of Flor-
ida. Chris teaches investors
how to develop Multi-Million
Dollar Real Estate Portfolios
using their retirement plans,
private money, creative fi-
nancing and partnerships.
Chris McClatchey
Coming to Kansas City
April 20th
Property Management
Section 8 Housing
KC Metro Wide
Jeff Woods
Broker
www.MyPremierLeasing.com
816-849500
Page 18 MAREInet.com
Productivity on our Smart Phones just keeps growing. Here are a few must have apps for 2013:
Google Calendar: This is the best online calendar,
download the mobile app and create events from your
phone and sync all devices. Subscribe to other peo-
ples calendars, like MAREI’s to stay up to date.
Evernote: We covered this in depth at the December
Meeting. This manages documents, tasks, com-
ments, recordings and more and works across many
apps to store files in one location and make them
searchable.
360 Panorama: Makes taking a wide angle shot
easy. Take several shots in a row and the app stitch-
es them all together for one wide angle pic.
Instagram: Use on your phone to take a photo and
use the built-in features to create interest before post-
ing.
DropBox: Great tool to instantly upload new photos
taken directly to a drop box file when you are in range
of wifi. No more finding the cord and downloading
photos.
MagicPlan: Measure rooms and draw floor plans us-
ing the camera device on your smart phone. Then
export to a usable document file to print or share
online.
Path: Trying to keep all your social media updated.
Use path to share one update across all channels
easily. Also see ping.fm, SocialOomph, HootSuite.
AgentAlert: This is a personal security app to let oth-
ers know where you are and when you should check
in. When you don’t it alerts the right person and also
has a panic button for emergency.
DocuSign Inc.: Users can digitally sign DocuSign
documents from their devices. You can send, track
and securely sign documents.
EchoSign from Adobe: Allows users to send, sign
and manage documents from the app. Access docs
or contracts from Box, Drobox on your mobile device
and use Echo Sign to sign immediately and in person.
Avast! Mobile Security: Free app that secures your
phone with remote wipe, remote –lock, safe Web
browsing, battery manager and anti virus. Does lack
back up feature to sync to your computer.
Bump: So you go networking with out cards. Let’s
two users tap their phones together to share photos,
contacts and apps.
myPANTONE: browse thorugh calors, share and or-
der colors with out digging through pant samples.
iHandy Level: Is the house crooked? Get out your
handy dandy level app to see how bad it is or to use
when hanging a picture.
Tech Corner
Smartphone Aps
Investment News Page 19
Insurance for
Vacant Properties
Rehab Properties
Renter Insurance for Your Tenants
Business Insurance
Umbrella Liability
Health Insurance
Life Insurance
www.MOFB.com
Stephanie Cunliff
816-781-4370
Cornerstone Foundation Repair
Kansas Cities Real Estate Investor’s
#1 Foundation Repair Contractor
Joe Williams
913-220-5253
Ask about our Investor Pricing
Steel Push to Bedrock Piers @ $850 ea
Steel Wall Restraints Starting @ $180 ea
Crack Injection @ $25 per foot
Sump Pumps @ $800 each
We are proud to say that we have become real
estate investors 1st call for major foundation
repair issues. We offer 25 year and lifetime
Marketing Your Property
Webinar
You know you can post your properties on
the MAREI website, but do you know how to
actually get it posted and how to optimize it
for the best results.
We will be holding a webinar on
Wednesday
February 20th
1PM CST
To walk you through the process.
Watch your email for details!
Hard Money is the Answer . . . .
Leverage available investment capital and triple
your cash on cash returns.
Have the ability to close in 2 - 5 days.
Take down investment properties FAST.
Get feedback from an experienced lender who did
over 150 deals last year.
Build cash-flow quickly and simply through real
estate.
Diversify your capital across multiple properties
and spread your risk.
Private Funding for
Serious Real Estate Investors
Christopher Friedl
www.LonghornInvestments.com
214-202-3046
Page 20 MAREInet.com
4210 E 54th Tr
Kansas City, MO
$31,500 3 Bed
1 Bath
Bung
Turn Key, Sect 8,
Rented $796. Cash
Flow 25% Net ROI!
Christoph Becker
Blueprint Properties, Inc
BlueprintPropertySoltions.com
(816) 875-6226
5500 Olive St
Kansas City, MO
$30,000 2 Bed
1 Bath
Rehabbed, Turn Key,
Section 8, $556 mo.
Cash Flow at 16%
NET ROI!
Christoph Becker
Blueprint Properties, Inc
BlueprintPropertySoltions.com
(816) 875-6226
836 E 82nd St
Kansas City, MO
$55,000
ARV:
$101,434
3 Bed
1 Bath
Ranch
Need Cash Buyer for
my 3 Bedroom Home
2010BWG
KCPropertiesSite.com
816-974-8404
1842 E 82nd St
Kansas City, MO
$26,500
3 Bed
1 Bath
Bung.
Needs TLC. Whole-
sale.
Christoph Becker
Blueprint Properties, Inc
BlueprintPropertySoltions.com
(816) 875-6226
1815 S Evanston
Independence, MO
$18,500
ARV:
$47,000
3 Bed
1.5 Ba
Bung
Sold in 2 Days Chad Barlett
Home Remedy Invest.
913-735-5598
12011 Henry St
Sugar Creek, MO
$15,500 2 Bed
1 Bath
Bung
Great Cash Flow
Potential. Minimal
Rehab at $1000.
Chad Barlett
Home Remedy Invest.
913-735-5598
4039 Hardesty Av
Kansas City, MO
$39,500 3 Bed
1 Bath
Ranch
Super Clean TURN-
KEY. Proposed NET
ROI = 20%
Christoph Becker
Blueprint Properties, Inc
BlueprintPropertySoltions.com
(816) 875-6226
3811 Elmwood
Kansas City, MO
$39,400 3 Bed
1 Bath
Ranch
Completely Re-
habbed, Turn Key,
Leased $800 month
Christoph Becker
Blueprint Properties, Inc
BlueprintPropertySoltions.com
(816) 875-6226
5428 College
Kansas City, MO
$11,000 2 Bed
1 Bath
Easy Fixer.
$11,000 or best
offer
Paul Panos
PremierHomesInvest.com 816-786-3584
Investment News Page 21
MAREI Member Properties
MAREInet.com/Properties
2330 Brighton
Kansas City, MO
$12,500
OBO
3 Bed
1 Bath
Needs a touch of
sweat equity to get
rent ready!
Paul Panos
PremierHomesInvest.com 816-786-3584
7711 E 88th St
Kansas City, MO
$45,000 3 Bed
1 Bath
Ranch
Wholesale, in 64138,
Proposed Net ROI
17%, County Ap-
praisal $72,738
Christoph Becker
Blueprint Properties, Inc
BlueprintPropertySoltions.com
(816) 419-1165
7009 E 113th Tr
Kansas City, MO
$36,000 3 Bed
1 Bath
Crawl
Potential Rent from
$700 to $875. Turn
Key Rental
Don Tucker
GBI Funding
GBIFunding.com
816-523-4400
7606 E 111th Tr
Kansas City, MO
$39,000 4 Bed
2 Bath
Slab
Currently Rented
$700 a month, Turn
Key Rental
Don Tucker
GBI Funding
GBIFunding.com
816-523-4400
11415 Merrywood
Circle, Grandview,
MO: Townhouse
$39,000 3 Bed
1.5 Ba
1 Car
Currently Rented
$700 a month. Turn
Key Rental
Don Tucker
GBI Funding
GBIFunding.com
816-523-4400
5638 Askew Ave
Kansas City, MO
$31,200 3 Bed
1 Bath
Currently Rented
$700 / mo. Just re-
habbed. Turn Key
Nick McKinnis
M&M Brothers Homes
MandMBrothersHomesInc.com
816-914-2614
3922 Garfield Ave
Kansas City, MO
$31,560 3 Bed
1 Bath
Currently Rented
$700 / mo. Just re-
habbed. Turn Key
20% ROI
Nick McKinnis
M&M Brothers Homes
MandMBrothersHomesInc.com
816-914-2614
3729 Cleveland
Kansas City, MO
$33,830 3 Bed
1.5 Bath
Full Bsm
Projected Rent $750
a month. All Re-
habbed. 20% ROI
Nick McKinnis
M&M Brothers Homes
MandMBrothersHomesInc.com
816-914-2614
3918 Flora Ave
Kansas City, MO
$31,740 3 Bed
1 Bath
Full bsmt
Rented $700 month,
Turn Key rented,
over 20% ROI
Nick McKinnis
M&M Brothers Homes
MandMBrothersHomesInc.com
816-914-2614
Avoid the Problems that many Landlord Real Estate Investors Encounter. Don't let land-
lording eat up all your hard earned profits and stress you out! Discover Simple Steps that
you must learn to be more Profitable and Effective.
Yes, there are steps to learn so you select the right properties, fix the right things, fill your va-
cant properties with the best tenants, and maintain and manage those tenant relations for a very
valuable asset that will make you wealthy over time.
Workshop taught by MAREI’s Own
Larry Myer: Landlord & Property Manager Landlording 101: the Basics
Finding Your Niche
Finding the Right Property
Getting the Property Rent Ready
Filling Vacancies, where to find Tenants
Keeping Tenants Happy – Tenant Management
Evictions: What to do when you get a bad Apple Don’t Go it Alone, Hiring a Property Manager
Learn from Larry’s many years of experience!
Registration Information for Saturday Workshop
1 Workshop Member $30 Workshop Non-Member $45 Add Member $30 / Non-Member $45
________________________________________ ____________________________________ Attendee 1 Email ________________________________________ ______________________________________ Address City State Zip ________________________________________ ______________________________________ Phone Fax ________________________________________ _________________ Expire Date Credit Card Number
___________________________________ Signature
Scan & Email to [email protected]
Fax: 1-201-574-2969 (email first)
Call 913-815-0111 Online www.MAREInet.com/WorkShop
KC North:
North Kansas City Community Center 1999 Iron Street Kansas City, MO
Times:
Thursday February 7th: 6pm to 9pm 5:30 Set Up for Vendors & Speakers 6:00 Registration Vendor Hall 6:50 Speed Networking 7:05 Presentation Introduction 7:15 Deal #1 7:40: Deal #2 7:05: Deal #3 8:30 Networking 8:50 Clean up and Adjourn at 9pm
Monthly Meetings February!
One of the key skills of the suc-cessful Real Estate Investor is knowing how to tell if they have a
DEAL or NO DEAL!
Meeting set up with a panel of expert and a panel of people presenting
“deals”. Deals with be real life case studies of real estate trans-actions with the experts evaluating them, live to decide it if is a DEAL or NO DEAL!
Find out what the experts ask!
See how the experts evaluate!
See if the experts all agree!
See if you agree
Experts & Presenters Wanted MAREInet.com/KCNorth
One of the key skills of the successful Real Estate In-vestor is knowing how to
Present to Money!
The February 12h Monthly Meet-ing for Mid-America Association of Real Estate Investors is going to be set up with a panel of Sharks and a group of Little Fish presenting “deals”. Deals with be real life case
studies of real estate transactions with the experts evaluating them, live to decide it if they would lend money for the deal!
Find out what the Sharks ask!
See how the Sharks evaluate!
See what is important to the money person!
See if you agree!
Presenters will have need to submit their deal in advance so the experts can review and know what questions they will potentially want to ask. Presenters will have 5 to 7 minutes. Then the Sharks will ask questions and evaluate the deal in the next 10 to decide if they want in or will pass and share why!
KC South: Career Education Systems Ward Parkway Shopping Center 8600 Ward Parkway Kansas City, MO Times: Thursday February 7th: 6pm to 9pm 5:30 Set Up for Vendors & Speakers 6:00 Registration Vendor Hall 7:00 Haves & Wants 7:15 Presentation Introduction 7:20 Deal #1 7:45: Deal #2 8:10: Deal #3 8:35 Networking 8:50 Clean up and Adjourn at 9pm
Experts & Presenters Wanted MAREInet.com/KCSouth
Subscribe & Sync
MAREInet.com/Calendar
The MAREI calendar is hosted on Google Calendars. This allows you to subscribe
to our calendar and sync it with your own Google Calendar, Mobile Calendar, or
Outlook Calendars. Check calendar for times and locations.
February 2013 Sun Mon Tue Wed Thu Fri Sat
SG: Weekly Wed.
Networking
1
SG: Connected Inves-
tors
2
SG: Blue Springs /
Independence Inv.
3
SG: Lees Summit
Investors Network
4
5
6
SG: Weekly Wed.
Networking
Deadline: Vendor
Table KC North
7
KC Northland on the
1st Thursday of the
Month
Lake Ozarks REIA
8
9
SG: Blue Springs /
Independence Inv.
10
SG: Lees Summit
Investors Network
11
Deadline: Vendor
Tables for KC South
Meeting
12
KC Metro South on
the 2nd Tuesday of
the Month
13
SG: Weekly Wed.
Networking
14
15
Deadline: Newsletter
ads & articles for
March
16
SG: Blue Springs /
Independence Inv.
17
SG: Lees Summit
Investors Network
18
Omaha REIA
19 20
SG: Weekly Wed.
Networking
Webinar: Marketing
Properties at MAREI
21
Webinar ????
22
23
SG: Blue Springs /
Independence Inv.
24
SG: Lees Summit
Investors Network
25 26 27
SG: Weekly Wed.
Networking
28 1 March
SG: Connected Inves-
tors
2
SG: Blue Springs /
Independence Inv.
Landlord 101 Work-
shop
3
SG: Lees Summit
Investors Network
4 5 6
Deadline: Vendor
Tables for KC North
Meeting
7
KC Northland on the
1st Thursday of the
Month
8 9
SG: Blue Springs /
Independence Inv.
