newsletter - november newsletter

Upload: kim-at-marei

Post on 06-Apr-2018

229 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/3/2019 Newsletter - November Newsletter

    1/20

    Investment NewsMI D- AME R I CA ASSOCI ATI ON OF R E AL E STATE I N VE STOR S

    November 2011NETWORKING : EDUCATION : COMMUNITY

    WHAT DO YOU THINK?

    Help us determine 2012

    Programming:

    www.MAREInet.com/SURVEY

    Participants in Survey Receive:

    1 FREE Month of Membership**

    Entered into a Drawing for

    $100 Home Depot Gift Card

    Must be completed by

    November 18th at 5pm

    ** Added onto your existing mem-

    bership. Join tonight and we will

    give you 1 free month for partici-

    pating

  • 8/3/2019 Newsletter - November Newsletter

    2/20

    Honors

    Of Merit

    2011

    Electronic

    Communication

    &

    Membership

    Development

    Page 2 MAREInet.com

    MAREINotes

    Contact Information

    PO Box 8685, Prairie Village KS, 66208

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

    Our Mission Statement

    Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate in-vesting and to protect and promote the best interest of our membership through educational and

    networking opportunities as well as community, legislative and public relations.

    Legal DisclaimerMAREI 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 DisclaimerThe views and opinions expressed by authors of articles contributed to this newsletter do not neces-

    sarily reflect those of the association, the board of directors or the staff.

    Advertise in the Investment News

    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 Vil-

    lage, KS 66208 or request an online payment for to use credit or debit card.

  • 8/3/2019 Newsletter - November Newsletter

    3/20

    Investment News Page

    MAREIStaff

    Kim Tucker 816-523-4400

    Director

    [email protected]

    Don Tucker 816-523-4400

    President

    [email protected]

    Steve Burns

    Audio Visual

    [email protected]

    John Welchert

    Meeting Ambassador

    816-522-0002

    Dan Goodwin 913-642-5218

    Meeting Ambassador

    [email protected]

    Shelda Goodwin

    Meeting Ambassador

    [email protected]

    Scott Tucker

    Meeting Ambassador

    [email protected]

    volunteers: Be sure to thank our volunteers who

    help out at each and every meeting making sure the entire

    meeting is a success. If you would like to volunteer from

    time to time to help set up, take down, or check in, or as-

    sist for a few hours in the business office, please email

    [email protected] or call 913-815-0111.

    Need: Blog Articles, Newsletter Articles, Workshops for

    Members, Guest Speakers, Office Assistance, Web Mas-

    ter . . . If this might be you, let us know!

  • 8/3/2019 Newsletter - November Newsletter

    4/20

    Page 4 MAREInet.com

    BUSINESS MEMBERS

    ADDRESSING THE NEEDS OFmarei

    Real Estate Investors and Landlords depend on a well

    rounded team of professionals. If you are building your

    team or looking to make a trade, start your recruiting with

    our Vendor Members and Business Associates. See a

    complete list of suppliers and any discounts they may of-

    fer to MAREI members by visiting, www.MAREInet.com.

    http://mareinet.com/associates

    Type Company Web Phone Contact

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

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

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

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

    Partnering kcmoHomeBuyer kcmoHomeBuyer.com 816-523-4400 Don Tucker

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

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

    Prop Mgr Premier Leasing MyPremierLeasing.com 816-841-9500 Jeff Woods

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

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

    Staging ShowHomesKC ShowHomesKC.com 770-853-3506 Amanda Palomba

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

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

    http://www.bobwiselaw.com/http://mareinet.com/associates/te-tee/http://mareinet.com/associates/te-tee/http://mareinet.com/associates/apia/http://mareinet.com/associates/apia/http://mareinet.com/associates/argentine-federal/http://mareinet.com/associates/argentine-federal/http://mareinet.com/associates/kcmohomebuyer/http://mareinet.com/associates/kcmohomebuyer/http://mareinet.com/associates/abraxas-property-management/http://mareinet.com/associates/abraxas-property-management/http://mareinet.com/associates/jamieson-home-team/http://mareinet.com/associates/jamieson-home-team/http://mareinet.com/associates/premier-leasing/http://mareinet.com/associates/premier-leasing/http://mareinet.com/associates/realty-resource/http://mareinet.com/associates/realty-resource/http://mareinet.com/associates/devcon-security/http://mareinet.com/associates/devcon-security/http://mareinet.com/associates/showhomes/http://mareinet.com/associates/showhomes/http://mareinet.com/associates/canyon-stone/http://mareinet.com/associates/canyon-stone/http://mareinet.com/associates/accurate-title/http://mareinet.com/associates/accurate-title/http://mareinet.com/associates/accurate-title/http://mareinet.com/associates/canyon-stone/http://mareinet.com/associates/showhomes/http://mareinet.com/associates/devcon-security/http://mareinet.com/associates/realty-resource/http://mareinet.com/associates/premier-leasing/http://mareinet.com/associates/jamieson-home-team/http://mareinet.com/associates/abraxas-property-management/http://mareinet.com/associates/kcmohomebuyer/http://mareinet.com/associates/argentine-federal/http://mareinet.com/associates/apia/http://mareinet.com/associates/te-tee/http://www.bobwiselaw.com/
  • 8/3/2019 Newsletter - November Newsletter

    5/20

    Investment News Page

    Join the Conversation Bonus at November Meeting

    https://www.facebook.com/

    KansasCityRealEstateInvesting

    https://www.facebook.com/

    groups/kcrei/

    http://twitter.com/#!/mareinet

    FREE copy of the December Issue o

    Personal Real Estate Investor Maga-zine. To Subscribe at a Discount,please go to www.MAREInet.com/preiMagazine, MAREI members save$5 more in the member area of thewebsite.

    In This Issue

    MAREI Business Members

    MAREI Meeting Staff

    Notes from Director

    Fraud in Real Estate

    Real Estate: the Perfect Storm 1

    Risk vs Reward: Protect Yourself as a

    Landlord

    1

    Coalition for Sensible Housing Policy 1

    Market Data: Investing Research 1

    Top Tips for Landlords 2

    MAREI Calendar of Events 2

    Registering for MAREI Events 2

    Classifieds 2

    New & Renewing Members , Guests 2

    ContentsMAREI News

    https://www.facebook.com/KansasCityRealEstateInvestinghttps://www.facebook.com/KansasCityRealEstateInvestinghttps://www.facebook.com/KansasCityRealEstateInvestinghttps://www.facebook.com/groups/kcrei/https://www.facebook.com/groups/kcrei/https://www.facebook.com/groups/kcrei/http://twitter.com/#!/mareinethttp://twitter.com/#!/mareinethttp://www.mareinet.com/preimagazine.comhttp://www.mareinet.com/preimagazine.comhttp://www.mareinet.com/preimagazine.comhttp://www.mareinet.com/preimagazine.comhttp://www.mareinet.com/preimagazine.comhttp://twitter.com/#!/mareinethttps://www.facebook.com/groups/kcrei/https://www.facebook.com/groups/kcrei/https://www.facebook.com/KansasCityRealEstateInvestinghttps://www.facebook.com/KansasCityRealEstateInvesting
  • 8/3/2019 Newsletter - November Newsletter

    6/20

    stead of listing the properties for sale with

    Realtor or even working with a wholesaler, th

    Attorney sort of marketed the houses to peopthat they knew for over a year. No one was i

    terested in vacant, vandalized homes at the ap

    praisal value or for an entire package of house

    As that year went, so did the values of the prop

    erties. Until I came along in early 2006 an

    said, OK, in theory I will buy these houses f

    75% of appraisal value if I can buy them one

    a time and if I can have 5 months time frame

    close them. I was not going to even go look

    them unless they agreed right up front to a 75cut in price. They agreed and we went to look.

    ended up that I was at about 65% of apprais

    value . . further reducing the income to the sta

    to about $780,000. Because the investor did n

    have a solid business plan of succession

    place, his teenage daughter lost abo

    $720,000 in property value alone, plus becaus

    the attorneys took so long, they probably lo

    another $100,000 to holding and basic maint

    nance fees plus attorney fees. If the busineswould have passed even to an attorney wh

    would have hired a property manager to kee

    them in good repair and rented AND listed the

    for sale, they would have sold for much high

    value in a much shorter time fram

    Moral of this story, have a plan in place. Join u

    at the November Meeting to find out more abo

    creating YOUR Plan. Dont leave it up to som

    attorney you dont know to make sure that yo

    business winds down profitably or continues producing an income to provide for your famil

    See you on the 8

    Kim Tuck

    Direct

    .

    We open this month with a very

    unpleasant topic, but one thatneeds discussed. What happens

    to your business when you die? This was sug-

    gested to me as a meeting topic from National

    REIA and it has been in my mind for quite a while

    to have as a meeting topic. Heres why . . .

    In this story, a true story, a local Kansas City In-

    vestor had amassed his real estate empire of

    about 30 almost free and clear, rented, and cash

    flowing properties. The year was about 2004. He

    was unexpectedly killed. He was his entire busi-

    ness, doing the buying, the maintenance, the rent-

    ing up, the collecting of the rent, etc. His heir was

    a teen age daughter who had no way to take over

    for him and the entire empire was dropped in the

    laps of the investors attorney.

    I dont have the exact numbers as this story is

    from memory, but lets estimate that these 30

    houses, rented and cash flowing had a value of

    about $50,000 each, for a total value of about

    $1.5 million. When he died, his business passed

    off to the attorney to dispose, pay the bills and

    then leave the rest to the daughter. The attorneys

    really knew nothing about rentals or real estate.

    The attorney continued to manage these proper-

    ties rather than place a property manager in place.

    The attorney collected rents, but did nothing to

    keep current tenants or to re-rent the vacant units.

    So rental income declined as tenants moved out,

    reducing the value of the homes. As tenantsmoved out, homes were vandalized, further de-

    creasing their value. The attorney hired an ap-

    praiser at one point in 2005 to do as is apprais-

    als on these now mostly vacant houses and came

    up with values of about $40,000 at this point, re-

    ducing the package value to about $1.2 million

    and costing the estate a lot in appraisal fees. In-

    Directors Notes

    Page 6 MAREInet.com

  • 8/3/2019 Newsletter - November Newsletter

    7/20

    Investment News Page

    On Demand Training

    30 Minute Segments

    Top Investor Trainers

    From the Comfort of

    Your own Internet Connection

    $39.00 Training Courses

    REO & Lease Option

    Creative Financing

    Automated Investments

    Auctions & Foreclosures

    Short Sales

    Government Grant Money

    www.MAREIU.com

    Wireless Security Systems

    Keypad, 3 doors, 1 motion,1 primary & 1 door siren

    One time Charge of $99 plus tax

    Includes installationRequires 36 month contract.

    Monthly Monitoring Fee $39.99

    Sell housetransfer to new owneror move to new house

    DevconSecurity.com

    Marian Collins: 913-907-4942

    Gary Hartman: 913-991-1612

    2011 National REIA Honors of Merit Winne

    BUILDONSUCCESSWITHMAREI

    JOIN NOW! Education, Training & Support Networking for team & skill building

    Discounts from local & national vendors

    Government & Community Involvement

    Kansas Citys Premier Resource for Successful Real Estate Investing

    Call

    913-815-0111or visit

    www.MAREInet.com

    https://nationalreia.infusionsoft.com/go/NREIAU/NREIAU43/http://mareinet.com/associates/devcon-security/http://mareinet.com/associates/devcon-security/http://mareinet.com/associates/devcon-security/https://nationalreia.infusionsoft.com/go/NREIAU/NREIAU43/
  • 8/3/2019 Newsletter - November Newsletter

    8/20

    Page 8 MAREInet.com

    Do you have a

    Succession PlanAs a small business owner, be it a family-owned small business or not, there are manyissues to consider when planning the succes-sion of the business. You want the successionto happen in an orderly fashion be it accordingto a planned retirement or an unexpected debili-tating illness. To make sure this plan runssmooth you need to work with a professional toestablish a plan and the documents to handlethe transition.

    Think about this: 95% of all American businesses are

    family-owned, they generate 40% of the Gross National

    Product, family owned business represent 35% of

    the 500 largest US companies only 28% of these family owned busi-

    nesses have a succession plan.

    Some more things to think about: Of the owners of family-controlled busi-

    nesses, 57% intend to transfer the busi-ness on to family members.

    70% of family businesses fail to surviveinto the second generation.

    More than of the business owners

    have more than 50% of their wealthtied up in their business.

    One third of family business ownersare over 60 years old. And of these,71% who are over 65 indicate they wilcontinue to work indefintily

    Last 1/3rd of all people currently 35years old will be disabled for 90 days omore before reaching the age of 65.

    Scary numbers arent they? Do you want tobe chasing a wholesale deal or listing a housfor sale when you are 85 years old? Or doyou want to spend some time now gettingyour plan in place so you dont have to bechasing your next profit or commission in thefuture.

    Lets start your checklist: What are your goals and vision for

    ownership and management transfer? Do you have a successor identified,

    ready to take over, and in place? Will your family be involved in the lead

    ership, ownership, and running of thecompany?

    Do you have a plan in place to mitigateor eliminate estate taxes?

    October Monthly Meeting:

    Tuesday November 8th, 2011, 6pm to 9pm

    Career Education Systems,

    FREE for members, Guests $25 at the door, $15 if youpre-register

    Dont miss this eventMonthly MeetingAgenda

    6:00 Check in / Vendors / Networking

    7:00 Announcements / Q & A w/ Andy Heller

    7:30 Presentation

    9:00 Adjorn

  • 8/3/2019 Newsletter - November Newsletter

    9/20

    Investment News Page

    Guest Speakers

    and MBA with 30 years experiencehelping individuals and business owners. Hes a well-known lecturer onaccounting and taxation, serves onthe editorial board of several tax pubcations, and has appeared on TV andin print many times. Carl Heintz is aKansas CPA, based in the Leawoodoffice. He leaves no stone unturned ithe quest for tax savings.

    and Kansas Attorney, who has thetraining, talent and experience that

    clients appreciate. Her insight intofinancial statements helps clients tosave money, and improve effi-ciencies.

    Be sure to use your discount

    card for savings of up to 40%

    off regular pricing in all stores

    nationwide. This is all part of

    a NATIONAL Contractor Ac-

    count for awesome price sav-

    ings! Card is in your mem-

    bership package!

    2% Rebate, Get Registered.

    Instructions in the member

    area of MAREInet.com. Log

    in, click on Member Library

    and look for Home Depot in

    the Benefits Section.

    FREE Gift!Get instant access to 3 great

    FREE Bonuses. Valued at

    $200: Must Know RE TermsGlossary, Think & Grow Rich

    Book , and Training eCourse.

    Do you have fund avail-able to avoid the need ofselling your business topay your debts?

    If you have a partner, doyou have a buy sellagreement in place?

    Do you know the value

    of your business? Do you have a plan in

    place in case you be-come disabled?

    Are you and your familydependent on your busi-ness to meet your retire-ment cash flow needs?

    Some issues to keep in mind asyou plan your business succes-

    sion. Will your heirs and theremaining managementof the company fight forcontrol of the businessand the money?

    How are your heirs andthe new managementgoing to keep key peo-ple?

    Will the heirs be forcedto sell to pay your debts?

    How will your heirs beable to retain incomefrom the business?

    If you are leaving thebusiness to your childrenwho are active in thebusiness, is there an eq-uitable distribution of es-tate to your other chil-dren.

    If you are leaving the

    business to the children,will they be able to pro-vide financial security toyour surviving spouse?

    What will be the sourceof income for your sur-viving spouse?

    Will there be conflictswithin the family?

    As yourself this: Do I have a

    plan in place that will allow mybusiness to survive after me orto liquidate it after me, to pro-vide for my families needs ormy own needs should I be dis-abled? Or do I have the mak-ings for a made for TV mini se-ries where the heirs are fightingover my small or large estate tothe entertainment of millions?

    Join us on November 8th tolearn more and find out how toget all of these questions an-swered positively.

  • 8/3/2019 Newsletter - November Newsletter

    10/20

    Page 10 MAREInet.com

    In real estate the concept of buy low sell high oftenuses the Assignment of Real Estate Contract Form.

    At one time you could go buy a house and sell it all onthe same day, and have the proceeds from your endbuyer fund your purchase from the original seller.Everyone goes to closing, and you as the middle manor woman walked away with a profit for your troubles.Due to all the fraud in real estate and mortgages overthe past few years, this is becoming harder and harderto do.

    But you want to wholesale properties what are someoptions.

    Get someone to fund your transaction for 1 day,usually called transactional funding. This is anexcellent way to go, although your funding sourcewill want a chunk of your profits.

    Get a Real Estate License and list the propertyand have your commission be your profit

    You can currently still use the assignment of con-tract.

    First what is an Assignment of Real Estate Contract?This is simply a form that states that you have a con-tract with the original seller and you agree to sell yourinterest in this contract to an end buyer for a fee. Theend buyer agrees to pay your fee and take your placein the contract.

    You can assign all kinds of contracts be it a real estatecontract, a rental agreement, a lease agreement, thecontract to mow your neighbors lawn, or any othercontract unless somewhere in the original contract itstates specifically that you cannot.

    So while many of the gurus tell you to sign a real es-tate contract And Or Assigns, these words are notreally necessary and can throw up a red flag if for ex-ample you are writing an offer on a property that islisted by a real estate agent. You see while you planon closing on the contract, even if your end buyer isnot in place, the real estate agent reads And or As-signs to mean that I dont have any money and Iprobably will not actually show up at closing. So goahead with the and or assigns after your name in thereal estate contract if you must, but I would advise toleave that off and go with the concept that all contracts

    are assignable, unless they specifically state some-where in them that they are not.

    This brings us to bank owned properties. When youare purchasing a bank owned property that is listedby your local real estate agent, 90% of the time thatbank will have a special addendum that you will havto sign that specifically states that this contract is noassignable. So in this case you may not be able toassign with the traditional form. Here you might wanto have a simple partnership agreement to allow youpartner to go to closing.

    So what is the best way to use the assignment of reestate contract form?

    Have a buyers database of ready, willing, andable buyers who are cash buyers and who canclose quickly and know exactly what they arelooking for and how much they would pay for apotential property.

    Go out and find that property and get it undercontract for less than what your buyers in yourdatabase will pay.

    Let your database know you have a deal for theand you will assign it to them for some amount.

    Fill out the assignment form with all the particu-lars and have your end buyer from your databasgo to closing in your place and they get a greatproperty and you get your assignment fee.

    It is very important to have buyers in your databasethat are known buyers, that do have the cash and thability to close and you really need to know what constitutes a good deal for them. Then you go out andfind that good deal for a little less so you can make aprofit. Because if they dont go to closing as agreed

    in the assignment, then you are still on the hook topurchase the property.

    MAREI members will find an example of an assign-ment of real estate contract both blank and fil led outin word form in the MAREI member library that youcan utilize for assignments.

    Videos on YouTube

    http://youtu.be/FQzHhMZ9UcI

    http://youtu.be/bhIquZ08juM

    FormsAssignment of Contract

    http://youtu.be/FQzHhMZ9UcIhttp://youtu.be/FQzHhMZ9UcIhttp://youtu.be/bhIquZ08juMhttp://youtu.be/bhIquZ08juMhttp://youtu.be/bhIquZ08juMhttp://youtu.be/FQzHhMZ9UcI
  • 8/3/2019 Newsletter - November Newsletter

    11/20

    Investment News Page 1

    Management Solutions

    to help your properties

    Operate Smoothly

    Increase Desirability

    Enhance Investment Value

    Attract & Retain Tenants

    Find us Online

    www.AbraxasMgmt.com

    816-474-8800

    Property ManagementSection 8 Housing

    KC Metro Wide

    Jeff Woods

    Broker

    ww.MyPremierLeasing.com

    816-849500

    www.AccurateTitleCo.com913-338-0100 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.

    HOUSES WANTED

    Built After 1950

    Minimum 3 Bed, 1.5 Bath

    Eastern Jackson County

    MO or Johnson County KS

    Retail Value $100k-$200k

    No Rental

    Local Cash Buyer Looking for 2 to 4 Houses a month

    to purchase, rehab and sell. Money Partners wanttheir money placed quickly so they can turn their

    money fast and make a profit. Cant do that with

    out houses! Bring us a deal!

    Email: [email protected]

    Submit Online: kcmoHomeBuyer.com

    http://www.accuratetitleco.com/http://www.accuratetitleco.com/
  • 8/3/2019 Newsletter - November Newsletter

    12/20

    Page 12 MAREInet.com

    The National As-sociation ofRealtorsworked withtwo policythink tanks onOctober 4th to

    create a FivePoint HousingSolutions plan

    that they sent tothe Chairman of

    the Federal ReserveBank, President Obama,

    and Congress on October 24th. These letters providedrecommendations and solutions to stabilize and revi-talize the housing industry and the economy:

    #1: Do not risk weakening our Nations housing

    markets any further:

    Recraft the Qualified Residential Mortgage rulemandated by the Dodd-Frank Act to include awide variety of traditionally safe, well documentedand property underwritten loan products. Thatrequiring a 20% down payment along with thestringent debt to income and credit standardswould be detrimental to home buyers.

    Restore higher loan limits supported by FHA andother Government Sponsored Enterprises to sup-port housing markets and to assure mortgage fi-nancing options while stabilizing housing markets.

    Resist proposals that call for changing tax rulesthat apply to home owners such as taking awaythe mortgage interest tax deduction.

    #2 Restore Vitality to Our Communities andNeighborhoods by Reducing the Foreclosure In-ventory

    Support, The Helping Responsible HomeownersAct that would remove refinancing limits on under-water properties for borrowers who have beenpaying on time.

    Support efforts to improve the Home AffordableRefinance Program to provide refinancing oppor-

    tunities for at risk borrowers instead of allowingthem to default on mortgages.

    Have Fannie and Freddie prioritize short salesover foreclosures.

    Support all necessary foreclosure/loss mitigationefforts to keep American families in their homes

    #3 Open Opportunities for Private Capital to Re-

    turn to the Mortgage Marketplace to Foster NewDemand Among Responsible Homebuyers.

    Open the FHA 203(k) rehab loan program to in-vestors to encourage them to buy foreclosedproperties and rehabilitate them. Currently forowner occupants only.

    Require Government Sponsored Entities to sus-pend investor financing limits on the number ofloans allowed for one investor borrower.

    #4 Support a Secondary Mortgage Market Modelthat Includes Some Level of Government Partici-pation

    Reject proposals that call for full privatizatioof Fannie Mae and Freddie Mac.

    #5 Call on the White House to Hold a NationalHousing Summit to Articulate a New NationalHousing Policy and Move the Provision of Hous-ing to the Front of the Nations Domestic Agenda

    Their conclusion was that the recovery of the Na-tions economy depends on housing. The last fewyears, with the housing prices barely moving, theeconomy will take longer.

    We urge you to read all the recommendations on

    Realtor.org under the Government Affairs Tab as weas reviewing the letters send to the Government Offcials. Then take the time to write your representa-tives and urge them in your own words to rememberthat homeownership matters and that the recovery othe housing markets will assist in the overall recoverof the economy as a whole.

    http://www.realtor.org/government_affairs/five_point_plan

    CoalitionFor Sensible Housing Policy

    http://www.realtor.org/government_affairs/five_point_planhttp://www.realtor.org/government_affairs/five_point_planhttp://www.realtor.org/government_affairs/five_point_planhttp://www.realtor.org/government_affairs/five_point_planhttp://www.realtor.org/government_affairs/five_point_plan
  • 8/3/2019 Newsletter - November Newsletter

    13/20

    Investment News Page 1

    TE-TEE LIGHT

    ELECTRICAL SERVICES

    Keeping you In-Powered withSuperior Electrical Service!

    FREE Estimates FREE Consultations on Non-Emergency

    24-hour Same Day Emergency Service

    Licensed, Insured, Bonded

    Serving Kansas & Missouri

    George Z. Bai, Sr. - Owner

    Office (816) 356-1870

    Cell (816) 210-4710

    [email protected]

    Flexible rehab options

    and purchase financing

    for qualified investors!

    Ann WilkinsonVice President

    Mortgage Loan Production12501 Antioch Rd

    Overland Park, KS 66213Ph: (913) 402-1500

    Fax: (913) 402-0673

    [email protected]

    Asset Protection

    Insurance Agency

    www.REOIns.com

    877-752-2742

    Real Estate Owned / Forced Placement

    For Investors & Finance Institutions

    Sell Vacant Houses Faster

    and for more money!

    ShowHomesKC.comAmanda Palomba

    913-227-4364

    How? We transform vacant houses - oftenseen by buyers as stale, lifeless, unappealing -into fully-furnished, inviting, valued Show-homes. Now in our third decade of service toHomeowners and their Realtors, we've becomeAmerica's premier home staging service coast-to-coast.

    Our professional home staging services can addthousands of dollars to your sale price -- and at thesame time reduce the stress and expense of mar-keting your property.

    http://www.showhomes.com/staging.phphttp://www.showhomes.com/staging.php
  • 8/3/2019 Newsletter - November Newsletter

    14/20

    Page 14 MAREInet.com

    David Alexander: Kansas City, MO

    Sjef & Carol Bennink: Lees Summit, Mo Jacquie Lombard: Shawnee, KS

    Toyia Murrell: Kansas City, MO

    Randall Willbanks: Raytown, MO

    Chris Zembrenski: Independence, MO

    New Members Guests

    Christoph Becker: Overland Park, KS

    Laura & JW Bullock: Lees Summit, MO

    Charlie & Kathy Burks: Independence, MO

    Carlos Jimenez: Santa Monica, CA

    Marilyn Mai: Salina, KS

    Tony Song: Overland Park, KS Michael Stillfield: Levasy, MO

    Bill Textor: Leawood, KS

    Donna Wilson: Lees Summit, MO

    Returning Members

    Vernon Baker

    Melinda Boeh

    Steven Boyd

    Nicole Daney

    Cindy DiCianni

    Sara Granger

    Claude Harris

    Jeff Hill

    Butch Lawrence

    Lessie Liggans

    Kevin Massey

    Joy Neely

    Kim Shock

    Dan Solenbarge

    Ed Sparks

    Brad Turner

    Tamara West

    Dustin Woods

    Lori Wright

  • 8/3/2019 Newsletter - November Newsletter

    15/20

    Investment News Page 2

    More Profits

    More Information . . .

    More Confidence

    Tenant Screening

    Pre Employment Screening

    Contractor Screening

    Collection Services

    www.AAAScreening.com

    816-436-0085

    Discounts for MAREI Members

    Do the math.Your vacancy is costing you every day.Fill your vacancy faster and save moneywith Rentals.com!

    Discounts for MAREI Members:

    Receive 20% off all Regular

    Priced Advertising. Log into

    Members Area, click on Member

    Discounts and look for MAREIsDiscount code!

    Presentation is Everything!

    Canyon-Stone.com

    550 E. 56 Highway, Suite B

    Olathe, KS, 66061

    Phone: (913) 254-9300

    Fax: (913) 254-9301

    [email protected]

    Property Management

    Rental Services

    Kansas City Metro

    www.JamiesonHomeTeam.com

    Kevin Jamieson

    816-503-4671

    https://www.aaascreeningapp.com/aaascreen2/MAREI-n/secure_index.htmlhttps://www.aaascreeningapp.com/aaascreen2/MAREI-n/secure_index.html
  • 8/3/2019 Newsletter - November Newsletter

    16/20

    Page 16 MAREInet.com

    C

    ALEND

    AR

    Details,

    Times,

    Locatio

    ns,

    Cost&Registrationatwww.M

    AREInet.com

    Nov 2nd Networking Weekly Wednesdays: 103rd & State Line 9

    am to 11 am : Michelle Winberry

    Nov 2nd Networking Commercial Sub Group: 103rd 7 State Line

    5:30 to 7:30 : Larry Prato / Spencer Cullor

    Nov 5th Training CESKC.com Credit Scores - 1pm4pm, 1

    Credit PHP Financing, 3 Hrs Realtor CE

    Nov 5th Networking Independence / Blue Springs: Panera Brea

    40 Hwy & 291 4pm to 6pm: Debra Felderho

    Nov 6th Networking Lees Summit: Panera Bread on Chipman

    Road in Lees Summit: Debra Felderhoff

    Nov 7th Deadline Deadline to Reserve a Vendor Table for

    Tuesday Meeting by Noon

    Nov 8th Monthly

    Meeting

    Monthly Meeting: Career Education System

    South East side of Ward Parkway 6pm-9pm

    Nov 8th Training CESKC.com Lawsuits - 6pm - 9 pm, 1

    Credit Contract Law, 3 Hrs Realtor CE

    Nov 9th Networking Weekly Wednesdays: 103rd & State Line 9

    am to 11 am : Michelle Winberry

    Nov 10th Training CESKC:com Lawsuits - 1-4pm, 1 Credit

    PHP Contract Law, 3 Hrs Realtor CE

    Nov 12 Networking Independence / Blue Springs: Panera Brea

    40 Hwy & 291 4pm to 6pm: Debra Felderho

    Nov 13 Networking Lees Summit: Panera Bread on Chipman

    Road in Lees Summit: Debra Felderhoff

    Nov 14 Education CESKC.com Credit Scores - 1-4pm, 1

    Credit PHP Finance, 3 Hr Realtor CE

    Nov 16 Education CESKC.com Creating Wealth - 6pm to 9pm

    1 Credit Management PHP, 3 Hrs Realtor C

    Nov 16 Education CESKC.com Short Sales & Foreclosures -

    amNoon, 1 Credit Negotiation PHP,

    Nov 16 Education Mid-America Crime FREE Housing Phase

    One Seminar

    Nov 16 Networking Weekly Wednesdays: 103rd & State Line 9

    am to 11 am : Michelle Winberry

  • 8/3/2019 Newsletter - November Newsletter

    17/20

    Investment News Page 2

    Larry Prato

    Commercial Subgroup

    Spencer Cullor

    Commercial Subgroup

    Nov 16th Networking Commercial Sub Group: 103rd 7 State Line

    5:30 to 7:30 : Larry Prato / Spencer Cullor

    Nov 19th Training CESKC.com Short Sales & Foreclosures - 9amNoon, 1 Credit Negotiation PHP,

    Nov 19th Training CESKC.com Negotiating - 1-4pm, 1 Credit

    PHP Negotiation, 3 Hrs Realtor Contin. Ed

    Nov 19th Networking Independence / Blue Springs: Panera Bread

    40 Hwy & 291 4pm to 6pm: Debra Felderhoff

    Nov 20th Networking Lees Summit: Panera Bread on Chipman

    Road in Lees Summit: Debra Felderhoff

    Nov 24th Holiday Happy Thanksgiving

    Nov 30th Networking Weekly Wednesdays: 103rd & State Line 9

    am to 11 am : Michelle Winberry

    Nov 30th Networking Commercial Sub Group: 103rd 7 State Line

    5:30 to 7:30 : Larry Prato / Spencer Cullor

    Dec 14th Monthly

    Meeting

    Monthly Meeting: Career Education Systems

    South East side of Ward Parkway 6pm-9pmHOLIDAY SPEED NETWORKING

    Ne

    twork

    ing&

    Educ

    ation

    Details,Times,Locations,Cost&Registration

    atwww.MAREInet.com

    Michelle Winberry

    Weekly Wednesdays

    Many thanks to our Volunteers

    who sponsor a Networking. If

    you need more networking and

    interaction, please check out

    the Networking Group on the

    Calendar. First Networking

    event is free and does not re-quire membership. After that if

    you want to continue as a part

    of the subgroup, we request

    that you become a member of

    MAREI to gain more knowledge

    and access all the tools and

    benefits of membership

    THANKYOU!

    Debra Felderhoff

    BS, LS, Indep Subgroup

  • 8/3/2019 Newsletter - November Newsletter

    18/20

    Page 18 MAREInet.com

    Do you have properties for sale that other real estate investors might be interested in? We

    have a great tool for our members to utilize . . . . . . . . . . . . . . . .

    Our Classified Section.

    So why would you want to post your properties here?

    On the public side of our page, visitors can find a buttonto see the properties for sale from our members.

    We publish the properties listed in our classifieds in ourmonthly newsletter.

    We also email out our properties in our weekly summaryover the week end.

    What are the Rules:

    First you must either own the property, have it under a valid contract to purchaseor have a valid listing agreement.

    Include your name, phone, and if this is a Realtor Listing, your company name.

    Include the property address, basic details, and a price.

    Log into the Member Area and click on classifieds to access the area and to post your

    own ads. See your welcome package you received via email to see complete details

    for posting properties in the classified section.

    Properties for

    Classifieds

  • 8/3/2019 Newsletter - November Newsletter

    19/20

    Investment News Page 2

    Offered As Address City Price Bed/Bath Contact Phone

    Rehab 8341 Walmer Overland Park, KS 65,000 3 / 1.5 Bilal Hazziez 816-686-4805

    Lease Option Park Hills Grandview, MO 3/ 2 Jacquie Lombard 816-518-1028

    Rental 7913 Park Ave Kansas City, MO 38,900 2 / 1.5 Ray Eaton 816-853-3169

    Rental Fixer 1634 Kensintgon Kansas City, MO

    30,000 Poss

    Owner Fin 3 / 1 Stephen Summers 816-350-7200

    Rental Fixer 315 S White Kansas City, MO

    $30,000 Poss

    Trade 4 / 2 Stephen Summers 816-350-7200

    Rental Fixer 2419 Mersington Kansas City, MO

    $21,600 Poss

    Owner Fin 2 / 1 Stephen Summers 816-350-7200

    Rental Fixer 5620 Michigan Kansas City, Mo

    $35,000 Poss

    Owner Fin 3/ 1 Stephen Summers 816-350-7200

    Short Sale 5434 E 27th Tr Kansas City, MO $9,000 Eric Deeter 913-579-3354

    Short Sale 2508 Chelsea Kansas City, MO $9,000 3 bd Eric Deeter 913-579-3354

    Short Sale 6007 E 11th $9,000 3 Bed Eric Deeter 913-579-3354

    Rental 3235 Lockridge Kansas City, MO $14.700 3 Bed

    Kevin Jamison

    Reece & Nichols 816-686-2955

    Rental 5006 Euclid Kansas City, Mo $14,500 Christoph Becker 816-419-1165

    Rental 2427 Spruce Kansas City, Mo $13,500 Christoph Becker 816-419-1165

    Rental Olathe, KS $99,900 3 bed, 1 ba Rick Zeitun 913-461-8560

    Rehab Johnson County $79,900 Rick Zeitun 913-461-8560

    Rehab / Rent 6618 Paseo Kansas City, Mo $17,000 Christoph Becker 816-419-1165

    Rehab / Rent 3434 Olive Kansas City, Mo $7,995 4 bed, 2 ba Christoph Becker 816-419-1165

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

  • 8/3/2019 Newsletter - November Newsletter

    20/20

    CONTROL

    YOUR WORLD.JOIN OURS.

    JOIN MAREI.

    MAREI ASSOCIATES & CLASSIFIEDS

    Potential clients visit MAREInet.com every

    day looking for contacts and properties inthe Kansas City Real Estate Arena. Make

    sure your business is there to be found.

    A TEAM SPORT

    Real Estate investing is a team sport andyou can build a new team, draft new

    players, or just get some consulting with

    our network of investors and service pro-

    viders at meetings, online, and at net-

    working events.

    TRAINING

    MAREI hosts live and online training

    events, has a virtual library packed with

    educational materials and forms an docu-

    ments.

    BENEFITS

    MAREI has partnered with the top compa-

    nies in the industry to bring $1000s in

    money saving benefits.

    GROW YOUR BUSINESS

    BUILD YOUR NETWORK

    EXPAND YOUR KNOWLEDGE

    SAVE MONEY

    www.MAREInet.com/JOIN

    Monthly & Quarterly & Annual Memberships

    Investor and Business Memberships