investment news: september 2010
DESCRIPTION
The monthly newsletter for Mid-America Association of Real Estate Investors. A Real Estate Investing Trade Association based in the Kansas City Metro Area.TRANSCRIPT
September 2010
u MEMBER DISCOUNT SHERWIN WILLIAMS
PAGE ............. 15
u CALL TO ACTION
LEGISLATIVE ACTION COMMITTEE
PAGE .......... 10
u MONTHLY MEETING
AUGUST 23TH
PAGE ............. 8 Investment news NEWSLETTER OF
MID-AMERICA ASSOCIAT ION OF
REAL ESTATE INVESTOR S
For Real Estate Investors & Property Owners
BOOTCAMP & BUS TOUR
iMaster Real Estate for the iPad Don DeRosa has taken real estate investing to the next level. Total automation and instead of a mobile file cabinet in his trunk, he has an iPad that is about the size of just one file folder in that mobile file box and weighs about the same. Find out more on page 26 . . . He will be presenting how he uses his iPad at the Bootcamp!
Don DeRosa and Pete Youngs are teaming up with MAREI in September to offer you a cost savings bootcamp. Total cost is less than $200 and it’s right here in Kansas City, so no airfare or hotel expense. ($79 for members –Early Bird)
Don is well know for using creative financing techniques to purchase and sell homes combined with using private money to have a truly no money down transaction. And he has totally automated his office on his new IPad and is going to share his secrets.
Pete is know for his money savings techniques when it comes to rehabbing houses to sell or rent. If you want to do it yourself or you want to hire a contractor, he will have tips to save you money. See Page 27 for more details.
Only 20 Seats Left
Register Online
www.MAREInet.com
Page 2 MAREInet.com
Member Profile
Active Member of MAREI
since Feb 2007
Discounts of up to 65%
Visit the Member’s Benefits Section at
www.MAREInet.com for your discount card, our
special web site, and discount codes!
Investment News Page 3
Advertiser’s Directory
Features ׀ September 2010
Office Max 2 Monthly Meeting 23
MAREI Job board 13 Investment Property 24
Partner Ship 15 kcmoHomeBuyer.com 25
Need Market Experts 19 T.O.T.L. Renovations 25
Accurate Title 21 Home Depot 25
Rockstar Investor 21 F4 Bootcamp 27
8
When buying
distressed
properties, one
of the most
important
things needed
before getting
estimates is
the Scope of
Work.
10
You have
someone
work for
you. Are
they are an
employee or
an inde-
pendent
contractor?
In This Issue
Staff 5
September’s Training 6
The Scope of Work 8
Legislative Trends 10
IPad . . What??? 12
Membership Has it’s Privileges 14
Insurance Myths 16
Market Update 18
Employee or Independent Contractor 20
Calendar 22
Investment Opportunities 24
Find it, Fund It, Fix It, Flip It Bootcamp 27
Contents MAREI News
New Web Site
It’s up and running
Check it out
www.MAREInet.com
Click on New
Website
Page 4 MAREInet.com
Organization
MAREI Notes
Contact Information
Mailing Address PO Box 8685, Prairie Village KS, 66208
Phone: 816-523-4400 x 222 Fax: 816-523-4440
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 rendr and does not give legal, tax, economic or investment advice and dis-
claims 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 con-
cerning real estate and other investments.
Content Disclaimer
The views and opinions expressed by authors of articles contributed to this newsletter do not necessar-
ily reflect those of the association, the board of directors or the staff.
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Investment News Page 5
Kim Tucker 816-523-4400
Director
Don Tucker 816-523-4400
President
Steve Burns
Audio Visual
Robin Sage
Meeting Ambassador
John Welchert
Meeting Ambassador
816-268-3849
Larry Prato
Commercial Subgroup
913-227-4693
Dan Goodwin 913-642-5218
Meeting Ambassador
Shelda Goodwin
Meeting Ambassador
Frank Janssen
Creative Financing Subgroup
816-865-6514
MAREI Staff
Page 6 MAREInet.com
Director Notes
So needless to say I am really pumped. We
are doing a lot of rehab in our own business
and I kno I can pick up some great money
saving tips from Pete on our renovations. If
we are able to save just $100 per rehab I
would be happy, but I bet we save more.
And as I am all things techie and have been
seeing iPads everywhere I go . . . You know
kind of like how you see that red convertible
when you are shopping for one . . I can’t wait
to find out more.
I saw them all over the airport. I see all these
realtors and investors online talking about us-
ing them in their business. I am seeing it in
the Star and the Wall Street Journal where
business are testing them out with there staff.
I really think the iPad will be a game changer
for me, but who knows . . . I can’t even work
my Blackberry . . . .
And if you don’t know, a two day event is one
of the best ways to meet other people in the
business . . . So say for example you sell REOs
or are wholesale houses, attending the meet-
ing and the 2 day event is an awesome way to
meet new buyers!
See you there . .
Kim Tucker
Director
MAREI
I am very excited this month about our guest
speaker and the Find it, Fund it, Fix it and Flip
it Bootcamp and Bus Tour.
I have been wanting to have a hands on home
inspection bus tour for a while, but the logis-
tics of it all seemed too much. But after talk-
ing to Don DeRosa and Pete Youngs who do
these things all the time, it just did not seem
that hard.
So we will see how the Bus part goes. If all
goes well, maybe this could be an event that
MAREI members could team up together to
offer to out of state buyers. You know those
folks that want to come to Kansas City and get
driven around to all the hot rental properties.
Many groups like ours are offering one as a
group once a quarter. If you would like to
help put together a buy Kansas City (as in
metro, not the city) Home Buying Tour and
Campaign to bring in out of area buyers, let’s
talk.
Then I spent a very long time checking out
Don DeRosa and his iPad program in June. I
know he was here at MAREI and KCIG last
year with 2 different training events, but the
iPad puts a totally new spin on all his training
materials and he is including all of his training
materials on the iPad should you decide to
purchase the one he is brining with him.
So even if you went to Don’s all day training
last year, you will probably want to be at this
one, even if it’s just for the hour or so he will
talk about using the iPad in your business.
September Training
Investment News Page 7
Get Involved
Admission to Monthly Meeting . . .
Free (For Members)
Volunteering Monthly at the General meeting
Acquiring enough MAREI Bucks to pay for Membership
Volunteer in MAREI Office
Real Live Working Real Estate Investor Office
Sponsor a Sub Group
Your own Private Coaching Group
Teach a Class
Be the Expert in Your Field
Join a Committee
Give Back
For more information on becoming a volunteer,
Contact Kim Tucker, Director,
At [email protected] or call 816-523-4400 x 222
See more pics on our Facebook Fan Page
Page 8 MAREInet.com
Mr. Rehab:
Pete Youngs
they are to do and not to do. You might have some-
one putting in a new ceiling fan and changing a few
light fixtures and such, and this is fine. But you
need to draw the line and list that this person is not
to do any electrical that requires wiring into the
main service panel. The difference being that in
most states anyone can do fans, light and switches,
but to wire into the panel box requires a licensed
person and possibly a permit. Set the limits on
what they are allowed and not allowed to do.
We have talked about the who and the what por-
tions of a scope of work. Now let’s talk about
―when‖. This is the part of a scope
that tells when the job will start. It
tells when the job will be finished.
You can set the daily working hours
to suit you and also can detail if Sat-
urday and or Sunday are considered
working days. Some people Do not
want to have workers on their jobs on
Sundays as that is a personal day to
many. In most cases, I will let the
worker give me the timeline that they
think the job will take. Let’s say I was
told the job would take two weeks to
complete. I will agree to this but in my contract I
may have a clause that says ― contractor is to com-
plete this job satisfactorily in two weeks. After a
one-week grace period beyond these two weeks a
$50.00 a day penalty will be deducted from the bal-
ance due until job is completed. Just to make sure
that the job does not linger too long or in case you
have a contractor who abandons the job, this will
eliminate your liability for liens or owing money to
the contractor.
Another aspect of the scope of work should lay out
the payment schedule. There are many common
(Continued on page 9)
Don’t get an estimate without one!
When buying distressed properties, one of the most
important things you will need before getting repair
estimates is a ―scope of work‖. A scope of work is a
detailed list of repairs to be done and the fashion in
how they are done. The main benefits to having a
good scope are that you give the same scope to
each bidder. Therefore, the bids can be compared
as ―apples to apples‖. Everyone bids on the exact
same thing so then you can concentrate on the best
contractor at the lowest price.
In my Rehab 101 training, I use my property in-
spection forms to compile a de-
tailed scope of work. There are
several things needed to build the
best scope and I will give you
some good guidelines to go by for
yours. You must first list all the
materials needed for each aspect
of the job. If you are doing paint-
ing, list what brand of paint to be
used, oil or latex, one or two
coats, sprayed or brushed and
rolled and so on. The more details
the better. However, you should
be able to describe your scope of work in just a few
paragraphs.
As in all contracts, the scope should describe who is
supposed to perform each article of work. That way
there is no confusion as to what is expected of each
person hired on the job. For example, if you are
roofing the house and also having some carpentry
repairs done and you find that some plywood needs
replacing before the new shingles are put down,
you must assign who is to replace the plywood…the
roofer or the carpenter.
Aside from the choosing of who is to be given each
job, you must also be very detailed about what
Pete will be our guest
speaker in September and
is partnering for a 2 day
Bootcamp & Bus Tour
with Don DeRosa right
here in Kansas City.
The Scope Of Work . . .
Investment News Page 9
Find it, Fund it, Fix it, & Flip It . . .
A 2 Day Bootcamp & Bus Tour
You get two full days packed with both class room and in the field
training with two of the countries best real estate investment
trainers who actually practice what they teach.
Details and Registration on the MAREI web,
go to :
http://www.MAREInet.com
there are only 50 seats on the bus, so be sure to purchase your
tickets today! (Actually only about 15 Left at time of Newsletter Printing)
ways to have this set up. One of the
most common payment plans is one
third of the contracted amount down,
with the remaining balance due on
completion. This allows most con-
tractors the ability to buy the materi-
als needed for the job without com-
ing out of their own pockets. Some
people are wary of giving some
money up front as in some stories
we have all heard about someone
running off with the money and
never starting the job. But think of it
this way. If you have done your
homework before hiring someone,
you’ll know if they are to be trusted.
The reason I will give the one third
up front is because if I have given
them the money to buy the materi-
als, then I have less worry that any-
one can put a lien on the property
for the materials used. If they paid
for them up front…no lien. You may
also choose to pay on draws or the
amount of work completed. You can
pay on Fridays, or you can pay at the
25% complete, 50% complete and
final payment.
(Continued from page 8) gles on top of the existing ones) or is
it a tear off (scraping all old shingles
and felt down to the plywood and
starting new).
The last part of a good scope of work
is the final acceptance of the work
and materials done on a property.
You want to make sure that all code
for your area has been met. You also
want to make sure that anything that
required a permit did have one
pulled for each aspect. If one was
overlooked, it’s best to get it now
and just pay a penalty than to let it
go on for months or even years. This
could escalate into lawsuits or worse
later. It is important that all your
needs were met as to the standards
and quality of the material and work-
manship of your job. Always hold
back about 10% of the contracted
price for your final punch list. This
will insure that you will get your last
items done, so they can receive the
balance of pay from you. I know that
I could have added so much more to
listing what could be in a scope of
work, but I feel that this will more
than help you to get the best rehab
for the lowest price.
For more info on my rehabbing tech-
niques please visit
www.peteyoungs.com
Remember to get you lien releases
signed every time you issue a check.
When listing the materials to be used
and the method of application you
must be very specific to avoid misun-
derstanding. If you are having siding
installed you want to list exactly
what type you agreed to. Is it Hardi-
plank or regular Masonite? Is it tex-
tured, beveled or T-111? Make sure
the details are there. If doing a new
roof then you want to know the same
type of things…‖the shingles to be
used are Sovereign brand, 25 year
shingles at $35.00 per square from
Home Depot‖. Something like that
for each item to be done to the
house. Now you also want the appli-
cation of items to be described. For
the siding, are they using hammers
or nail guns? You want to know this
because nail guns can be set to dif-
ferent settings that regulate how the
nail ends up in the siding. If set too
strong, the nail heads go too far into
the siding and this will allow water to
get into the siding at every nail and
will start to cause your siding to rot
out almost immediately. Or for the
roof…is it a roof over (putting shin-
Page 10 MAREInet.com
Legislative
court ruling. The proposed state constitutional
protection against the unfair taxes will appear
on the Nov. 2 general election ballot as
Amendment 3.
The state's dismissal of its appeal to the Mis-
souri Supreme Court followed positive talks
between the Vote "YES" To Stop Double Taxa-
tion Committee and the offices of Secretary of
State Robin Carnahan and Attorney General
Chris Koster. Together, they agreed to ask
Cole County Circuit Judge Paul Wilson to mod-
ify his ruling in the committee's favor issued
earlier this week. The judge agreed to the
modification, addressing the state's issues
while declaring there were more than enough
valid signatures of registered voters to place
Amendment 3 on the ballot.
"This is a win-win-win for Missourians," said
Chuck Hatfield, of Stinson Morrison Hecker,
LLP, attorney for the Vote "YES" To Stop Dou-
ble Taxation Committee. "The Secretary of
State may move ahead with the important
work of finalizing the fall ballot. The taxpayers
are spared the time and expense of litigation.
And our committee can focus on informing
Missouri voters about the need to Vote "YES"
To Stop Double Taxation by barring unfair real
estate transfer taxes in the state."
The 21,000-member Missouri Association of
Realtors, which is strongly supporting Amend-
ment 3, commended Secretary Carnahan and
Attorney General Koster and their professional
staffs for working constructively with the Vote
"YES" To Stop Double Taxation Committee to
resolve possible issues and avoid needless
court delays.
Transfer taxes on home sales are double taxa-
tion because Missourians already pay annual
property taxes on real estate, often over many
(Continued on page 11)
In Mission, KS:
The Mission City council approved a
―transportation utility fee‖ or a ―driveway tax‖
as it is being called in the media to tack on a
tax to the real estate tax bill for every home,
small business, and large that will have cars
going in and out of their driveway. Tax to be
based on the estimated traffic.
More info is on the MAREI blog and we would
like to hear your comments.
In Kansas City, MO:
It was reported to MAREI by Ryan Walls that
there should be a business meeting in Kansas
City Missouri regarding the Storm Water Bill-
ing on September 23rd at 1:00 pm. At the
time of printing, this meeting was still
planned. We will be posting the email reply
we received from Cathy Jolly on the MAREI
Blog.
Right Here at Home in Missouri:
For Immediate Release
Friday, September 3, 2010
With Secretary of State’s Appeal With-
drawn, Missourians Have Clear Path to
Vote “YES” to Stop Double Taxation
Media Contact: Attorney Chuck Hatfield
Office: 573-636-6827
E-Mail: [email protected]
(Jefferson City, Mo.) – The Vote "YES" To Stop
Double Taxation Committee is moving ahead
to inform voters about the need to prohibit
real estate transfer taxes in Missouri, after the
state on Friday dropped plans to appeal a key
Legislative Trends
Investment News Page 1
To find your congressman:
Visit http://www.house.gov and put in
your zip code in the top left hand cor-
ner of the screen.
To find your senators:
Visit http://senate.gov/general/
contact_information/senators_cfm.cfm
decades of ownership. Missouri is
among just 13 states that do not
impose a transfer tax on real es-
tate sales, including all of Mis-
souri's neighboring states. As
state, county and city revenues
decline, politicians may be
tempted to impose new transfer
taxes - just as Missouri citizens
are struggling to make it.
The wording of Amendment 3 is
straightforward and simple:
"Shall the Missouri Constitution
be amended to prevent the state,
counties, and other political sub-
divisions from imposing any new
tax, including a sales tax, on the
sale or transfer of homes or any
other real estate?"
Learn more about the amend-
ment at
www.YesToSaveHomes.com.
Reactive or Proactive
We have two choices as small
business owners in the real es-
tate community we can either be
continually reacting to what is
going on around us or we can get
involved, take action, and be
proactive.
So here at MAREI we would like
to invite you to be part of the
proactive group. We are looking
for people to take part in our leg-
islative affairs committee by:
Becoming a part of our gov-
ernment affairs committee
Getting to know who the law
makers are in your city and
state
Watching what legislation is
coming up at city & state lev-
els
Notifying MAREI where there
are issues pending that all
members need to know about
Assisting in our proactive
steps to help move along the
issue, stop the issue, or
amend it for the better
So do you have 30 minutes a
week to take a look at your local
city government online and see
what they have coming up in
their plans? Do you have time to
tell other members of MAREI
when we should join you at a city
council meeting when there are
important issues to be decided?
Would you have time to send a
letter or an email to the appropri-
ate officials?
To notify other members of
MAREI of the issues you can post
them on the MAREI message
board or email them to
[email protected] and we can
post them on the message board,
email them out to the member-
ship, discuss them on the blog,
and report them here in our In-
vestment News.
Watch the MAREI Blog for Updates . . .
And Working Links.
Page 12 MAREInet.com
Technology
music. When it came time to get off the plane, it slipped into his carryon. Consider they are bigger than a Black Berry smart phone, but not by much.
So, I thought we should look at some of the applica-tions most people say you need to have and what they can do for you.
1. Evernote: This is a free app that allows you take notes and file them away into notebooks (think file folders), each note book is displayed in photo form on your screen. It will also convert your up to a 20 minute voice note into text.
2. iBook: If you are a reader like me, not sure if I will like over mushed up paperback. But it would sure come in handy to read books in your spare time where you would not have room to carry a book. Plus if you are reading training materials, you can highlight text and it has a search feature to find a particular bit of info in the entire text.
3. Fwix: This is a Newsreader that you can set up to download top news stories about your area. No ads. Clean look. Several others available.
4. Dragon Dictation: saves dictated notes although you can’t see the text as you dictate. So if you are planning on writing a book, this might come in handy or if you are walking through a house, you can dictate your observations to review later. Several others.
5. Netflix: Watch streaming movies on your iPad through your Netflix account. How’s that for productivity.
6. Zillow: puts all the info on Zillow.com at your finger tips. So you can get data on a particular neighborhood in an instant.
7. Intaglio Sketchpad: great to use to sketch floor plans using a vector drawing applications.
8. Numbers App: is similar to Excel from Mi-crosoft with a bunch of templates preloaded. So
(Continued on page 13)
Are you a tech person? I am trying to be, but not quite there yet. A few months ago I was at the Na-tional REIA Convention and ran into Don DeRosa who has converted his entire office and stream lined it all onto his iPad.
We were there for 3 or 4 days and every time I had a question of some sort for him, he picked up his iPad and showed me the answer. And you and I both
know customers love to be shown.
Personally I had not really ever thought about an iPad until that convention, but everyone had one. The guy waiting at the airport next to me used it to check his facebook, twitter, and email. Then he read some really important looking documents, put a sig-nature on them and clicked something. Then he slipped the thing back in the side of his carryon and got on the plane. Then on the plane, the guy next to me checked his email and then read the Wall Street Journal in what looked like the entire paper format. Then he switched over to reading a book. At the same time, he plugged into it and was listening to
I Pad What ???
Investment News Page 13
MAREI Jobs Board
Post your Job Openings!!!
Need full time help?
Part time help? Virtual or by the Job Projects?
Check out the MAREI Job Board
MAREI realizes that there are many members looking for full and part time jobs that relate to their real estate business. Sort of an earn while you learn kind of scenario. We also know that many of our members are look-ing for staff in some capacity. We invite you to utilize our Jobs board
To view jobs:
1. Go to www.MAREInet.com
2. Look under MAREI Tool Box
3. For MAREI Jobs Board.
To post jobs.
1. Log into the Member Area of MAREI
2. Click on the Job Bank tab on the left.
3. Click on add Job Listing
4. Fill in fields with your job info
5. Click Submit Listing
6. If your listing does not appear, it means we have not yet had a chance to approve it, a quick reminder email to [email protected] will get it activated.
you can use the premade or de-sign your own spreadsheets using this app. Great for figuring mort-gage payments, interest rates, or how much to pay for a house.
9. Keynote: This would be compa-rable to Power Point, although better. You can create presenta-tions and then look really sophisti-cated using the features for mov-ing around the photos with your fingers.
10. Wordpress: If you don’t have a blog yet, you need to get one, and the Wordpress app makes it easy to update on the go.
11. Jott: another voice to text and from my research online, the te-chies think this is one of the best quality for transcription.
12. Sherwin-Williams Color Snap: Let’s you match paint colors to a photo you have just taken.
13. iHandy Carpenter: has basic tools like plumb bob, surface level, bubble level bar, steel pro-tractor, and steel ruler.
14. Mortgage Calculator Pro: For figuring out those mortgages on the go.
15. 1Password: so you don’t have to remember them all.
Just a quick note, these apps and their uses are from a Google search. I don’t have my iPad yet, so I can’t play with them!
Page 14 MAREInet.com
Benefits
Office Max: From printing & binding,
to finishing & customizing - to reduc-
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To find out complete details on all these
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or upon request. To request email
[email protected] and ask for the
member benefits booklet.
Besides getting awesome deals on train-
ing programs on our webinars and at our
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everything MAREI has to offer you? As a
Member of MAREI you are also a member
of the National Real Estate Investors As-
sociation (MAREI). These and many more
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Home Depot: A biannual rebate of
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leled Material Purchase Rebate Incen-
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FedEx: Receive significant inbound
and outbound discounts on small
package shipments through FedEx, as
well as copying and printing services
through FedEx Office.
Membership Has Privileges!
Investment News Page 15
To Enroll: visit the Member Benefits Section of the MAREI
Online Library for our link to register for discounts with
PartnerShip and FedEx. Start saving today!
Tim Norris
policy.
3.Buying a property in your personal name and us-
ing your homeowner’s policy liability is fine…
I can’t think of any reason that exposing your per-
sonal assets to the risk of real estate investing makes sense. If this is the only option your current insurance person suggested, then either find one that is more real estate investing-savvy, or take the time to help them understand more about what you do. The last I want to do is tie-in ―my stuff‖ to the exposures of my real estate investments. Asset
protection strategization inherently is a combination of insurance, entity creation, and ―compartmentalization‖.
4.The ―personal‖ dwelling fire policy is sufficient (―cheap‖) to cover my non-owner occupied rental…
Those that usually promulgate this attitude in the
insurance industry either don’t have commercial-type carriers/markets and/or proper knowledge. Not only does the dwelling fire policy require liabil-ity to be extended from your homeowner’s policy (see #3), many coverages that are vital to a true ―rental‖ property are either missing or need to be purchased over and above. Though the basis of a
completely different presentation, some of the highlights of the "commercial policy preference‖ are the inclusion of rental loss coverage, unit limita-tions, and pollution exclusion issues.
5.I have a personal umbrella policy (PUL), so I don’t need commercial insurance…
Like most insurance polices, your personal umbrella
protection contains much exclusion. One of the most glaring for the real estate investor is the ―business pursuit‖ exclusion. If your real estate investment(s) aren’t a ―business pursuit‖, then you need to consider divesting! In other words, your PUL is designed for ―personal‖ exposures. A com-
mercial umbrella over and above the liability in your commercial package policy is appropriate.
6.A claim that occurred before I (or my entity) owned the property shouldn’t affect MY insurance rate…
Insurance is the one thing for which we pay that we never want to use. However, in the event you need
it, you certainly want to be properly protected. The points presented here should hopefully allow you to
grasp a few of the pertinent insurance issues for whatever your real estate endeavor may be.
Myth # (presented in no particular order):
1.Insurance is mutually exclusive of estate, tax, and financial planning…
Actually, insurance inter-relates to each of these, as they should work in harmony with one another. You
attorney, accountant, financial planner, AND insur-ance advisor should certainly know what each of the other has planned specific to your goals. As such, excluding one from the others is contradictory to efficiency and cost-effectiveness. Consider these four folks as your ―trusted team of advisors‖ and
encourage them to consult one another as neces-sary.
2.Being named as an ―additional insured‖ on the existing homeowner policy will protect my interests in a subject-to deal…
This could do much more harm than good, in real-ity, if you (or your entity) own, or have a financial
―stake‖ in the property, be the ―first named in-sured‖. The first named insured is the primary re-cipient of any potential claim benefit or liability pro-tection. An ―additional insured‖ will garner liability protection only. A ―loss payee‖ will have its inter-ests protected in the event the property itself is damaged. (A mortgagee is inherently BOTH). If you
decide to keep the ―homeowner’s‖ policy in place and be named as the additional insured, be ad-vised. If it is discovered that the ex-owner, the first-named insured in this case, no longer owns the property, expect the insurer to deny based upon the fact the policyholder no longer owns the property.
Even if you manage the claim to be paid, you are not the entity to receive the proceeds, as you are not the first-named insured. If you did attempt to be added as a loss payee as well, chances are the insurer will question the necessity for you being named as such. When the insurer discovers you now own the property, they will need to write a new
Insurance Myths . .
Page 16 MAREInet.com
The insurance industry not only un-derwrites ―you‖, they also underwrite
and rate based upon the claims his-tory of the property itself. A CLUE (Comprehensive Loss Underwriting Exchange) report will detail the claims that have occurred at a cer-tain address (as well as other crite-ria). Have your insurance advisor
run a CLUE on your next property
BEFORE you make an offer. The in-surance rate can certainly affect your ROI…
7.―All-risk‖ insurance covers every-thing I need…
By definition, ―all-risk‖ simply means that unless something is excluded, it is covered. ―Named peril,‖ means just that, in order for a loss to be covered, it’s cause must be named in the policy. So, even though ―all-risk‖ is a more comprehensive form, it
does not mean that ―everything‖ is covered. Take a look at your policy exclusions. Not that many of these
exclusions can’t be purchased back, but they usually generate a pretty long list.
8.Self-insurance is too risky…
A deductible is technically self-insurance. As a rule-of-thumb, con-sider the lowest claim amount you would file with the insurance carrier, then double it. This is the minimum deductible I would suggest you carry.
There is a point of diminishing re-turn, however. In other words, though you may not file a $5,000 claim, if the premium savings it (versus, for instance, a $2500 de-
ductible) is negligible, then you may as well go with the lower. In the
long run, statistically, the premium savings by carrying ―higher than usual‖ deductibles usually pay for themselves. Remember also, that completely self-insuring a known amount, such as a property with an arguable repair or reconstruction
value, can be a consideration. How-ever, self-insuring unknown amounts, such as liability claims, may not be
(Continued from page 16) 12. It's enough to simply require renter's insurance in my lease...
Though most land-lords require and/or encourage tenants to carry renter's insur-ance, not all actually enforce it. Not only is it a good idea for your tenants, the liability benefit
also provides benefit for the landlord.
In the event of a negligence claim, it actually give you and/or your insurer a "buffer" of coverage that poten-tially could offset or reduce a payout amount by your insurer. Obviously,
consult with your attorney regarding this, but, in general, that extra layer of coverage is a positive benefit.
13. (Bonus) Cheaper is better…
The cliché rings true: you get that for which you pay. Work with an insur-ance advisor that understands the
idiosyncrasies of real estate invest-ing. They can be an independent or
a ―captive‖ agent. As long as they have a recognition of the challenges that face your investing endeavors, and have access to a carrier (or car-riers) that fill your needs (in conjunc-
tion with the strategies discussed here), challenge them to get you the best VALUE for your insurance, not the cheapest rate.
Insurance is a gamble. The insurer is betting you won’t need it, while you
bet that you will. With the help of a professional insurance advisor, gain enough knowledge to make cogni-zant decisions on your specific needs. As part of an asset protection
plan, it is vital that you are comfort-able with your coverage and protec-
tion BEFORE you need it. I sincerely hope all of your premium dollars go to waste!
Article provided by Tim Norris with Na-tional Real Estate Insurance Group. Tim Norris is an investor and NaREIA, OREIA and Cincinnati REIA member. Visit
www.nreinsurance.com
the best idea.
9.I need ―builders risk‖ coverage for a vacant or rehab project/deal/property…
Unless the rehab is consider-able‖ (definition varies by insurer), there are policies specifically de-signed for the rehab property. In our area, Diamond States, AMIG (American Modern), and Foremost all offer such contracts. If an insurance
agent advises that they cannot find coverage for your rehab property and offers the Ohio Fair Plan, chances are they simply don’t have they con-tracts with the carriers mentioned. The Ohio Fair Plan should be the last
option for the property, not the first.
10.It is worth it to hire the ―handyman‖ to do work on my rent-als…
Don’t get caught up in the great bid to do work in/on your rental property or rehab project from the ―fly-by-
night‖ handyman-type help. Chances are, they not only do not
carry liability insurance (puts the risk back on you as the owner), they also probably don’t carry worker’s com-pensation (WC) protection. It isn’t worth the risk to save a few bucks to
not hire the ―legitimate‖ contractor for such endeavors. Even the tenant who cuts the grass for reduced rent potentially exposes you to WC and liability issues. Always require con-tractors to provide certificates of in-
surance (COIs) for both their liability and WC coverages.
11. If I use my personal vehicle to service my properties, my personal
auto policy is sufficient...
Make sure your "personal" auto in-surer is aware of any vehicle that
you use to service your investment properties. Don't assume that just because you own the vehicle person-ally means that you don't need com-mercial vehicle insurance. Usually, the usage of the vehicle is what dic-tates the proper method to insure it.
Also, many times the "business pol-icy" is less expensive, actually!
Investment News Page 17
Page 18 MAREInet.com
Trends
This is a trend that seems to be showing up
all over the country. In this month’s Realtor
Magazine, the American Institute of Architects
see that home owners are favoring smaller
spaces that are cheaper to maintain. There
has been a drop in demand for upscale prop-
erty enhancements that use more energy, wa-
ter, and time to maintain.
When we change gears and look at the total
number of home sales from July 2009 to July
2010 we have ups and downs that hits bottom
for both new and existing in January 2010
with only 104 New Homes sold
and 1075 Existing Homes sold.
Then peaking the in May fueled
by the Tax Credit with 305
New Homes sold and 2642 Ex-
isting Homes Sold. After the
Tax Credit Expired, New Home
Sales dropped severely from
the 305 of May June to 102 in July, approxi-
mately 2/3rds lower. Existing Homes
Dropped as well from the 2542 peak to 2291
in June down to 1537 Homes in July.
When we look at the Inventory Available for
sale we see that New Home Inventory is way
down from 2486 in July 2009 to 1557 in July
2010 (about 37% lower). Existing Homes on
the other Hand went down from about 14000
in July 2009 to 12000 at the bottom in De-
cember and now in July 2010 we are back up
to almost 16000 Existing Homes Available for
Sale (about a 14% increase).
(Continued on page 19)
July 2010 Housing Trends
The Kansas City Regional Association of Real-
tors are projecting a slow recovering into the
fall. The key factor in the recovery being un-
employment and right now buyers are afraid
to jump in with out the reassurance they will
have a job next year. National Association of
Realtors expect unemployment to decrease a
bit in 2011, and bring in more buyers, but no
significant increases in price or sales rates.
All MAREI members can log into the MAREI
member library and download the July Charts
to review in detail plus nationwide data from
Real Trends
If we look at the Kansas City Market:
We see Average Sales Price on New homes
creeping up in Johnson County in July 2010
over July 2009. Existing Home Prices are up
in Johnson, Miami, and Platte. And Combined
New & Existing prices are up in Johnson and
Miami. For the most part we are seeing price
remain consistent except for a large over
$100,000 price reduction in new home values
in Cass County.
In talking with Lonnie Branson from the Keller
Williams Southland Office, we find that this
price reduction can be contributed some to
the lowering of prices 8 to 10% on existing
new home ―spec‖ inventories to get them sold
and more importantly that builders are just
building a lower priced home as there is more
demand in today’s market for smaller, more
economical and thus lower priced homes.
Market Update
Investment News Page 19
When we look to see if we have a
buyer’s market or a seller’s mar-
ket we generally consider a 5-6
month supply a draw. New
homes have about an 8.2 months
supply and Existing homes have
an 8.1 month supply. So we are
still as everyone probably knows,
in a buyer’s market.
So where should we be investing
our money . . .that is going to be
a matter of personal preference,
but generally speaking if we are
looking to buy and sell in the
short term in my opinion would
be where the money is and right
now that still seems to be in the
hands of first time home buyers
in the FHA market. That’s in
price ranges under $200,000.
But what if you want to buy and
hold for longer term: first you
want a property that is going to
cash flow now, buying to hold for
a negative cash flow does not
make sense. Next you want to
look at an area with stable val-
ues, and if you look at where the
values are holding steady you are
seeing in home buyer ranges be-
tween $100,000 to $200,000 or
increasing in value. But this is
just my personal opinion.
Other trends published in an article
“How Wall Street Reform Benefits
Foreclosure Buyers” by Peter G. Miller
from RealtyTrac.com, we see that the
government is backing off from poli-
cies promoting home ownership for
everyone. That means there is going
(Continued from page 18)
any time on the system and you will
find these types of properties avail-
able metro wide in all sizes, shapes,
and price ranges.
So then we are back to “where,
should we buy and hold”? “What is a
good area to be buying rental property
in?” We would love to hear where you
think “the place” to be buying houses
might be. We will be posting this arti-
cle in our blog section (at
www.MAREInet.com) and would love
to read your comments.
Let’s take one last look at multi family
trends just in today from
LoopNet.com. Their recent email in-
cluded a graph of the average asking
price per unit on multi family. For the
entire state of Missouri, the trend
seems to be about $42,500 a door,
Kansas City seems to be about
$36,000 and Jackson County seems
to be just a tad under $30,000. There
does not seem to be multi family data
for Johnson and Wyandotte Counties
on the site, but the average price per
door in KS is about $39,000.
to be a demand for more rental prop-
erties because of the simple growth in
population combined with a smaller
percentage of owner occupants.
Mortgages are going to be tougher to
get with tighter borrowing standards.
Combine that with large numbers of
people who recently were affected by
foreclosure who will not be able to get
a home loan for several years. Plus
wages are lower and credit reports
may not look so good after bouts with
job loss.
This all adds up to a higher demand
for rentals and the article and com-
mon sense tell us it is a good time to
buy investment real estate to hold for
rental, if you have the capital to do so.
Record low prices, record high num-
bers of short sales being approved,
record numbers of foreclosures on the
market, and other discounts in interest
rates and other acquisition costs.
Granted RealtyTrac, who published
the article want you to purchase their
data to acquire the short sales and
foreclosures, but a simple look
through MLS will allow you to search
listings based on “short sale” in the
comments section or “REO” or “Bank
Owned” in the ownership field. Spend
Market Experts Wanted
Are you an expert on the market in your area or
field of expertise? We are looking for experts on
Residential, Apartments, and Commercial to
contribute to the newsletter, the blog, and the
meeting. Be seen an expert in your Niche.
Contact [email protected]
Page 20 MAREInet.com
We can look at 20 simple situations to help
determine which is an employee and which an
independent contractor.
1. Instructions are given to employees
about when, where and how, while con-
tractors set their own rules.
2. Training: Employees are trained by the
employer while contractors pursue their
own methods and pay for their own train-
ing.
3. Integration: Employees are a part of the
employers business, while the employers
business could continue with out the inde-
pendent contractor.
4. Services Rendered Personally: by an
employee where a contractor could sub it
out to someone else.
5. Hiring, Supervising, Paying: Employees
do this at the direction of the employer
while a contractor is free to hire, fire, and
pay who he pleases.
6. Continuing Relationship: An employer
works for the same person year after yer,
a contractor could work for several differ-
ent people in a week.
7. Set Hours of Work: Employees have set
hours or Contractors work when they want
to.
8. Full Time Required: Employees only
work for 1 employer while a contractor
might work for several people.
9. Doing Work on Premises: Employees
usually work at the employers sit, while a
contractor could work on site or remotely,
or at their own offices.
(Continued on page 21)
While this article outlines issues happening in
Missouri, they are also very valid points in any
state.
The Labor Department’s Division of Worker’s
Compensation is taking action against employ-
ers who are required to carry workers’ com-
pensation but do not.
Failure to provide the required coverage is a
Class A misdemeanor with a penalty equal to
three times the annual premium the employer,
should have paid, up to $50,000. Plus the
employer is also on the hook for the costs of
any injuries suffered by the employee. A sec-
ond violation results in a Class D felony.
So who is must carry Worker’s Comp: Any
person or company who has five or more em-
ployees except for construction industry.
There anyone with more than one employee
must carry a policy. Exceptions include those
covered under special federal law, farm labor,
domestic servants, occasional labor, qualified
real estate agents, direct sellers, and unpaid
volunteers.
The Department of Labor has also created an
online tool where employees can access the
workers’ compensation database to see if their
employers are carrying the proper coverage.
It would also seem to me that investors could
check for proper coverage when hiring con-
tractors.
To access this tool, go to http://labor.mo.gov/
DWC/tool/wc_cov_ver.asp
After determining that if you have one or five
or more employees you can determine that
you need worker’s compensation. But then
next question becomes, what is the differ-
ence between and employee and an inde-
pendent contractor.
Marketing
Independent Contractor
Employee or
Investment News Page 21
10. Order or Sequence Set: Employers set this
up for the employee, Contractors determine
their own order of doing things.
11. Payment by the hour, week, month: Em-
ployers usually get paid by time worked while
a contractor will get paid by the job usually
based on a bid provided in advance.
12. Oral or Written Reports: Employees usually
have to report on their work to the Employer.
Contractors do not.
13. Furnishing of Tools and Materials: Em-
ployers provide tools, Contractors provide
their own tools and materials.
14. Significant Investment: Employees have no
significant investment in the facilities and tools
used to perform a service. A Contractor has
considerable investment in their facilities and
tools.
(Continued from page 20) 15. Payment of Business and or Travel Expenses:
Usually paid for by the Employer where as a Con-
tractor pays for his / her own expenses.
16. Realization of Profit or Loss: An employee can-
not realize a profit or loss based on a good or bad
decision. Contractors on the other hand face profit
or loss based on decisions daily.
17. Working for More than One Firm at a Time:
Employees usually only works for one employer.
Contractors usually work for several.
18. Making Services Available to the General Pub-
lic. Not done by the employee, but a Contractor
have their own offices, business licenses, are listed
in business directories and maintain their own
business telephones and other marketing media.
19. Right to Fire: Employees can be fired at anytime.
Contractors have their work protected by a con-
tract.
20. Right to Quit: Employees can quit at any time,
contractors are bound by their contract.
ACCURATE TITLE COMPANY
“When You Need Timely, Top-Quality Service . . . “
Owners and Loan Policies
Endorsements
Ownership & Encumbrance Reports
Foreclosure Reports
Ownership Information
Tax Information
Buyer’s Closing Services
Seller’s Closing Services
Lender’s Closing Services
Recording Services
Funds Disbursement Services
1031 Exchange Services
Special Requests
www.AccurateTitleCo.com P: 913-338-0100 F: 913-338-0107
PRIVATE LENDER
Locally Owned & Operated Private Money Lender
We are a Direct Lender, not a Broker
Rehab Loans up to 100% of Costs
Up to 65% of the After Repaired Value
Terms from 30 Days to 1 Year
Rates from 12 to 16% Interest Only
Points from 6 to 10 in Lieu of Equity
Appraisals Required
Draw Requests on Wed.
Paid on Friday
RockStarInvestor.com
Jeff Basler
913-221-9080
Page 22 MAREInet.com
Calendar
Upcoming Events
Sept
8
Sub Group: MAREI’s Commercial Investors meet every
other week. This month on July 11th and July 25. This
group is for MAREI members and their guest. See online
calendar of events for more information.
Sept
11
Lee’s Summit Investor Breakfast Lee’s Summit Investors
Networking Group meets the 2nd Saturday of the month for
coffee, breakfast, and conversation at the Panera Bread on
Chipman Rd in Lee’s Summit. Open to MAREI Members &
Guests.
Sept
14
Industry Partner Expo Table Deadline MAREI members
may reserve table space for the Expo & Networking time
from 6 to 7pm at the Monthly MAREI Meeting. Must be
reserved by July 12th. Reserve through the calendar at
http://www.MAREInet.com
Sept
14
MAREI Monthly Meeting MAREI meets for networking &
education on the 2nd Tuesday of the month from 6pm to 9
pm. At the Sylvester Powell Jr Community Center. No
Charge for Members, Guests $25 at the door, $15 if pre-
registered.
Sept
18/19
Find it Fund it Fix it Flip it: Bootcamp and Bus Tour with
Don DeRosa and Pete Youngs. Complete details at
www.MAREInet.com (click on the bus) or see pages 27 &
28.
Children & College Students
Is your child interested in real
estate? Is ready to learn?
Add your child aged 12 to 18
to your membership.
College Students with student
ID, we have internships
available. Work in the
MAREI office for $10 in MAREI bucks to use for
Membership & Workshops
Contact
MAREI Office for more info. [email protected]
Investment News Page 23
Monthly Meeting
Sylvester Powell Jr
Community Center
6200 Martway, Mission KS
913-722-8200
Tuesday, September 14 Doors open at 5:30
Members: FREE
Guest Fees: $25 at door . .
Pre-register online for $15
If guests join with in two days of
the meeting, their guest fee will be
applied to the membership fee with
proof of payment.
Please call 816-523-4400 x 222.
5:30 Member Benefits
5:45 Set Up / Registration
6:00 Industry Partner Expo
6:00 Member Networking
7:00 Haves & Wants (new
feature)
7:30 Presentation w/ Tammy
Robb & Janice Dehart
See Page 8 & 9
9:00 Informal Q & A
9:00 New Member
Registration
Invite your friends
colleagues to visit the
Monthly Meeting for
with a Guest Pass
(available online at
www.MAREInet.com).
For each new member you
refer, earn MAREI Bucks
which can be used towards
seminars, advertising,
or membership fees.
Location
6200 Martway
Mission, KS 66210
North of Shawnee Mission Pkwy
South of Johnson Dr
East of Lamar
Park in North Lot
2nd from the Building
Less Kids & Door Dings
Page 24 MAREInet.com
Properties
Investment Opportunity
Address City Offered as Price Bed / Bath Contact Phone
Not given Weatherby Lake REO Updated home JJ Palowski 816-977-8230
1634 Kensington Kansas City, Mo Turn Key $48,000 3 bed, 1 bath Stephen Summers 816-350-7200
3124 Mersington Kansas City, MO Rehab $15,000 3 bed, 1 bat Danek Fonrose 816-804-4506
Haystack Rd Raymore, MO Short Sale $195,000 3 level, 2900
sqft
Joyce Myers 816-509-0884
6010 E 149th Grandview, MO Short Sale $40,000 3 /2 1 car
crawl
Eric Deeter 913-579-3354
1112 E 42nd St Kansas City, MO Rehab $25,000 4 Plex Eric Deeter 913-579-3354
2912 Lockridge Kansas City, MO Rehab $29,000 6 Plex Candace Vanice 816-268-4722
No address Grandview, MO Rehab $30,000 3 bed, 2 car Candace Vanice 816-268-4722
Waldo Kansas City, MO Move In No Price, Sale or
Lease to Own
3 bed, 2 bath Scott Doherty 913-735-7351
Market Your Properties
Do you have investment properties to market to the membership? Be sure to log into the MAREI member
area and post your properties on the classified page.
Be sure to include:
Address: Street & City, State
Type of sale: Wholesale, Listing, Turn Key
Price: Your asking price
Type of Property: Single, Duplex, Multi, Etc
Contact: Name & Phone Number
Web Link: For more info and more photos
You can include 1 photo, but make sure it is not too high quality a photo or it will have too many pixels to load.
You may also want to list on the message board as well and post links on our social media pages. MAREI will
Email Blast out properties from time to time, but must have address and price.
Investment News Page 25
PROPERTY LEADS WANTED
NOTICE:
WHOLESALERS, INVESTORS
Our company money is sitting idle for
lack of houses. Looking for rehabs
to retail in Lee’s Summit, Blue Springs,
and Johnson County.
www.kcmoHomeBuyer.com
816-523-4400 x 223
NEED TO FLIP A
PROPERTY FAST?
T.O.T.L. RENOVATIONS
Top of the Line Renovations for all your rehab needs quickly, at a reasonable price.
We specialize in: Make-ready Siding & Windows Carpentry & Roofing Plumbing and Electrical Painting & Flooring Drywall & Doors Fences & Decks Kitchens & Baths
Licensed and Insured Call Anthony @ 816-606-0266
or Emily @ 816-252-0095 [email protected]
Roger Holyfield
(816) 510-9199
All MAREI members can register through our
special link to receive a 2% rebate on all pur-
chases made at Home Depot. From a $5 item for
a week end project to a $10,000 rehab: kitchen,
lights, appliances, Etc.
On average from January to June
2010, 11 MAREI members partici-
pated and received $125 back, the
lowest was $25 and the highest
$450.
Page 26 MAREInet.com
Don DeRosa has just rolled out all of his tools on the brand new iPad, an amazing tool that streamlines your real es-tate business, saving you time, making you money, giving you a competitive advantage.
This is a perfect tool for Real Estate Professionals: Whole-salers, Rehabbers, Landlords, Realtors, Home Inspectors, and anyone who does business on the road. Don DeRosa has literally taken his real estate business on the road, he can do just about everything that needs to be done from the comfort of where ever he happens to be . . . using the iPad. In this Bonus session Don will show you how the
iPad has totally changed the way he does business. . . saving him countless hours of unproductive time that used to be wasted on “administrative” tasks.
NOTE: EVEN IF YOU DON’T OWN AN IPAD YOU HAVE TO COME AND SEE HOW YOU MIGHT BE ABLE TO USE SOME OF THESE IDEAS!!
With these simple tools that Don uses in his business every
single day, you’ll see how to get back an extra week a year to call your own. (FREE TIME, literally!)
Or if you are a dollar and cents person, how about making an extra $18,000 each year (basically flipping an extra house), but simply changing how you do your current tasks each day?
In this sneak preview, you’ll see how you can streamline your business and eliminate (yes get rid of) many time-consuming, unproductive tasks with simple iPad tools.
For example:
Never copy and fax a contract to your title company (with another copy to the buyer or seller, and eve-ryone who gets a copy in a transaction) again. In-
stead, fill out the contract, save and sign it right
there on the iPad, and then email it (and any other necessary paperwork) automatically, from your iPad.
Evaluate houses more efficiently. With its internal GPS, use the iPad to pinpoint exactly where you are,
then find the prospect house so you know where you are going. At the same time pull up a street view of it. That way you know – is it really a great neighborhood, on a busy street, next to commer-cial property, or in a boarded up war zone.) Then you can find comps, get exact directions, and then
decide if it worth your precious time to go look at it. . . and you can do this from anywhere.
OK, this is probably one of the more mundane things, but you know you don’t keep track of your mile-
age the way you should ( the accountant always reprimands you at the end of the year.) Well, no more, you can track your mileage with the tap of a button when you start and stop. It does if for you. No more re-creating the wheel at tax time, or remembering to write it down in that little notebook that is always hidden away in your car
after each ―business‖ trip, something that is very hard to do when you have 3 or 4 or 10 business trips in one day.
Ok, that’s just three ways to save time.
And Don has at least a dozen more time-saving tools that he’ll share with you. So don’t let these repetitive admin-
istrative tasks steal productive time. Instead, use a tool
that will make you more productive.
Plus, Don will show you that his complete set of real estate investment courses, plus hundreds of hours of seminars, boot camps, interviews and other bo-nus information is included on the iPad in his IMas-ter Real Estate for the iPad . . . all loaded up and
ready to use.
Imagine, if you are a new investor and have never filled out a purchase and sale agreement or a subject-to pur-chase, you can pull over in your car and pull up and view a short video where Don walks you, step by step, through how to fill out the purchase and sale agreement, line by line. Right before you walk in the house, and fill out the
contract, right on the iPad.
Or before you walk into a negotiations, review the video
on how to answer all the typical seller objections.
Or review his script that tells you exactly what to say to a Private Lender you are meeting for the first time. So you give a completely professional presentation.
It’s iMaster Real Estate for the iPad.
It’s everything you need, when you need it . . . all in one place.
Don will be presenting this at the Find It Fund It Fix It and Flip It Event . See page 27 & 28 for Registration.
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Find it, Fund it, Fix it & Flip It
Join Pete and Don DeRosa on Saturday and Sunday Sep-tember 18th and 19th for their renowned, Two-Day Find It, Fund It, Fix It and Flip It Boot Camp and Bus Trip.
On Saturday, Don will teach you where and how to find and evaluate the best properties in the market, so you can make at least $20,000 on each deal. He’ll also share ex-actly what to say to get private money to fund all of your deals, so you never have to go to the bank or qualify for a loan (do you really want to try to get a loan in this market, anyway?) Then on Sunday morning, you’ll take a bus trip to 2 bank-owned houses, where Pete and Don will show you the specific things they look at when they evaluate a house for purchase and repair. You’ll get the perspectives of both of these real estate investors (yes, they actually buy houses. They don’t just travel around talking about it!) Then Sun-day afternoon, Pete will talk about rehabbing the houses, what he’d do and how much it would cost. In addition Pete will go over the new EPA LEAD PAINT work practices to stop the spread of lead dust. So… you’ll walk away knowing exactly what to do if you
want to buy one of those houses. (Remember, these are bank-owned. YOU can buy them!)
Be sure to join us on the Tuesday preview with Pete shares his contractor knowledge with investors and homeowners alike, teaching everyone how to put THOUSANDS OF DOL-LARS into your own pocket.
To register go to www.MAREInet.com and click on Calendar and look for both the Tuesday Meeting on the 14th & the Bootcamp and Bus Tour on the 18th & 19th.
We only have room for 50 people on the bus, so if you want to attend be sure to register as soon as possible.
Saturday: 8 am to 6 pm Sunday 8:30 am to 5:30 pm
Early Bird Pricing:
$149 for Non-Members
$79 for Members
After September 16th
$199 for Non-Members
$99 for Members
Or use form on back page.
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Find it Fund it Fix It Flip It Member Early Bird
Find it Fund it Fix It Flip It Member Early Bird 2nd Person
Find it Fund it Fix It Flip It Non-member After Sept 16th
Find it Fund it Fix It Flip It Member After Sept 16th
$149.00
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$149.00
$79.00
$79.00
$199.00
$99.00
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Email to [email protected] or fax to 816-523-4448
Mail to: PO Box 8685, Prairie Village, KS 66208