the investment news: july 2011 newsletter
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. Find us online at www.MAREInet.com.TRANSCRIPT
Investment News MI D - A ME R I C A A S S O C I A T I O N O F R E A L E S T A T E I N V E S T O R S
July 2011 NETWORKING : EDUCATION : COMMUNITY
DO YOU HAVE
ALL OF THE
YOU NEED TO
FOR YOUR
INVESTMENTS?
Attend my 1 day
workshop on the 23rd!
Page 2 MAREInet.com
BUSINESS MEMBERS
ADDRESSING THE NEEDS OF
THE REAL ESTATE INVESTOR
marei
Real Estate Investors and Landlords depend on a well
rounded team of professionals. If you are building your
team or looking to make a trade, start your recruiting with
our Vendor Members and Business Associates. See a
complete list of suppliers and any discounts they may of-
fer to MAREI members by visiting, www.MAREInet.com.
Look in under the Toolbox tab under “Service Directory”.
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
Realtor Realty Resource KCInvest.com 816-523-4400 Kim Tucker
Supplier Canyon Stone Canyon-Stone.com 913-254-9301 Matt Puckett
Title Accurate Title Company AccurateTitleco.com 913-338-0100 Jackie White
Wholesale kcmoHomeBuyer kcmoHomebuyer.com 816-200-2198 Don Tucker
http://mareinet.com/marei-tool-box/business-associates
Investment News Page 3
Features ׀ July 2011
10
So we need funding, we
have learned about private
lending and we have been
warned that the SEC is going
to get us. What are the real
facts.
12
Following along, we have purchased or been to
training events where we are suggested to buy lists
of potential private lend-ers. Be ware. What they
don’t tell you.
In This Issue
MAREI Business Members 2
MAREI Staff 5
Notes from Director 6
How long is the wait to buy after foreclosure 8
SEC Questions and Private Lending 10
Private Lending, the List Peddlers 12
Rehab Bid Software from Home Depot 16
New Meeting Location 18
Training Events 20
Calendar 22
Update your Profile 24
Classifieds 25
From Cells to Sales 26
Contents MAREI News
Page 4 MAREInet.com
MAREI Notes
Contact Information
PO Box 8685, Prairie Village KS, 66208
Phone: 913-815-0111 Fax: 816-523-4448
Our Mission Statement Mid-America Association of Real Estate Investors is dedicated to promoting ethical real estate in-
vesting and to protect and promote the best interest of our membership through educational and
networking opportunities as well as community, legislative and public relations.
Legal Disclaimer MAREI does not exist to render and does not give legal, tax, economic or investment advice and
disclaims all liability for the action or inaction taken or not as a result of communications from or to
its members, officers, directors, employees and contractors. Each individual should consult his/her
own counsel, accountant and other advisors as to legal, tax, economic, investment and related
matters concerning real estate and other investments.
Content Disclaimer The views and opinions expressed by authors of articles contributed to this newsletter do not neces-
sarily reflect those of the association, the board of directors or the staff.
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Carl Wachta
Talk Fusion
Special Guests
From the ReStore
Investment News Page 5
MAREI Staff
Kim Tucker 816-523-4400
Director
Don Tucker 816-523-4400
President
Steve Burns
Audio Visual
John Welchert
Meeting Ambassador
816-268-3849
Larry Prato
Commercial Subgroup
913-227-4693
Spencer Cullor
Commercial Subgroup
913-324-5900
Dan Goodwin 913-642-5218
Meeting Ambassador
Shelda Goodwin
Meeting Ambassador
Scott Tucker
Meeting Ambassador
found their members really enjoyed was a market
watch update at each meeting. We have wanted to
add this to our meetings say from 5:30 till 6:00, but
we have not yet been able to implement this. We
would love to find a person who would want to work
with us to track the data, provide it on the website and
present it at the meetings. If this might be you, please
contact me.
We had a bunch of folks across the country who
graduated from the Professional Housing Provider
Program. Their leaders were provided certificates
from National REIA and Pins to provide the graduates.
Our organization also walked away with two Honors of
Merit in the Awards Portion of the meeting for our
Electronic Communication (our weekly email update)
and for our Member Development (the Digital Mem-
bership Package)
We also talked about a lot of benefits and added three
new ones for the Kansas City area. So in addition to
all the great benefits we already have, look for a dis-
count card coming soon from Roto Rooter. We have
added 360 Real Estate Websites as a service provider
and you will find information about their sites on the
blog. Last we have a new marketing arm for the old
UFirst Financial. The provider is out of Ohio and is
looking for a local person to work
with her here in Kansas City as
the direct marketer to MAREI.
Until that person is found, we will
be working via webinar and tele-
seminar to find out how to pay
our home mortgages off in half
the time..
Kim Tucker
Director of MAREI
Wow, what a month. I spent 4 Fun Filled Days in Nash-
ville at the National REIA Mid-Year Leadership Conven-
tion. This is one of those times each year that all the
leaders of all the groups like MAREI gather together to
learn. I always come away with so much information,
that my head is about to explode for at least two weeks.
So let’s take a quick look at stuff that is coming or is al-
ready out there.
We talked about how to keep our membership prices
affordable. Many of the other groups offer monthly or
quarterly recurring payments on membership in addition
to the annual option to allow people of all budgets to be
able to afford to be a part of the group. We just added
both to the website. Look for $12 monthly fee or $30
quarterly.
We also talked a lot about ways to
market our events at the groups. And
most of the members don’t really
want to promote an event, the exact
same concepts could be used to mar-
ket our businesses. So look for more
information on these presentations
coming to the MAREI member library
in the next few months.
One of the items that other groups
Director’s Notes
Page 6 MAREInet.com
Investment News Page 7
Page 8 MAREInet.com
How Long is the Wait to
Buy After Foreclosure
In the past three years the Mortgage Crisis
has hurt the credit of many Americans, but
these problems will not necessarily keep one
from buying a house forever. Just because a
home has been lost to foreclosure, given
back through a deed in lieu of foreclosure,
sold as a short sale, does not mean that own-
ing a home is out of reach forever.
In order to move forward, taking steps to
clean up credit is a must, not only to be able
to eventually buy a house again. But also
bad credit from these mortgage troubles can
make it more expensive to do just about eve-
rything: rent a property, get insurance, get
new credit and it can even make it hard to
get a new job.
So when we are working with motivated
sellers facing foreclosure it is important for
them to explore how a foreclosure, deed in
lieu, or a short sale will affect their credit.
If they are good at paying their bills, but
need to sell. Have not been late yet, allow-
ing a short sale will be much easier to re-
cover from that the deed in lieu or foreclo-
sure. If they are behind and late on every-
thing including the mortgage, then the
short sale may not be that much more
beneficial.
Next they will probably want to speak with
financial advisors to see how the mortgage
issues combined with bankruptcy will affect
their credit and how long it will take to re-
cover from each issue, but again the best
Attend the July MAREI Monthly Meeting to find out what you can do to help your buy-ers and sellers in the new credit market..
Location: Career Education Systems, Ward Parkway Shop-
ping Center. 8600 Ward Parkway, Suite 130
Date: Tuesday July 12 : Doors open at 6:00
Cost: Members FREE, Guests $25 at the Door or Pre-Register for $15. See more & Register online.
PHP: 1 Credit Finance PHP, members only, must be pre-
registered through the website to receive credit.
Don’t miss this event!
Monthly Meeting 1
PHP
CREDITS
Donna Perkins
KC Credit Services
www.KCCreditServices.com
(816)-421-8001
(877)-655-8001
Investment News Page 9
speaker
agenda
The July 12th Monthly MAREI
meeting will host Donna Per-
kins from KC Credit Services.
Join us to find out more about
the helping your clients in the
new Credit Market after Fore-
closure, Short Sales, and Bank-
ruptcy.
Time Frames for how long
after an event before they
can get financed.
Establishing New Credit
Cleaning up Incorrect Credit
Living Down Bad Credit
Things YOU as an Investor
can do to help.
If you buy or sell houses or
work with buyers or sellers in
this market, you need to be
very well versed in the correct
information when it comes to
credit. The more you know, the
better prepared you will be to
assist your buyers and sellers
and put more money in YOUR
pocket.
course of action will depend
on the person. If the mort-
gage is the only issue, climb-
ing out of bankruptcy can be
hard. Yet if they have the
foreclosure and a ton of other
bills, they may want to con-
sider bankruptcy so they can
at least start at zero debt with
bad credit, rather than bad
credit and a mountain of debt.
Next we have our sellers who
are going to be our are now
becoming our buyers. We
need to educate ourselves as
to the guidelines as to how
long after each mortgage is-
sue before one can obtain a
new home mortgage.
Fannie Mae and Freddie Mac
require a two year wait after
short sale, deed in lieu or dis-
charge or dismissal of bank-
ruptcy and three years after
foreclosure when the borrower
has had extenuating circum-
stances like illness, divorce, or
job loss. On the other hand if
these extenuating circum-
stances do not exist, these
waits can be up to four years
after bankruptcy and seven
years after foreclosure.
If one is looking to purchase
using an FHA insured loan,
then the wait is three years
after foreclosure and two
years after bankruptcy assum-
ing the borrower is paying
bills on time after the mort-
gage issue. After a short sale,
the wait is 3 years if the bor-
rower was in default at the
time of the sale and no ex-
tenuating circumstances. If
the short sale occurred and
the borrower was on time with
all payments for 12 months up
to the sale, there may be no
wait at all for FHA.
So there is a lot to know in
this market. As real estate
professionals that work with
motivated sellers who might
be considering a default or
short sale we need to know
the basics to advise them and
have a few professionals for
them to ask question when
they are deciding what to do.
Further for those of us who
are working to sell homes, we
are going to find quite a few
people that were good credit
risks until the lost their job,
got sick, got divorced, etc and
could no longer own their
home and lost it through fore-
closure, deed in lieu, or short
sale and may have had to re-
sort to bankruptcy as well.
Understanding the time lines
and steps they can take to es-
tablish new credit will make
you stand out over your com-
petitors. We invite you to at-
tend the July 12th MAREI
meeting to take a bunch of
notes and to call on our guest
speaker Donna Perkins in the
future as your expert in the
field to help your clients.
Our Tuesday July 12th meet-
ing qualifies for PHP Credit for
members who pre-Register
and who attend will receive a
free copy of Building a Better
Credit Report from the Federal
Trade Commission plus a few
other FREE E-Books.
Every now and then, I have students ask me
if my home study system is compatible with SEC
regulations...
Yes, it is compatible.
I realized, for the benefit of my students, I
needed to address these folks concerns.
While speaking all over the nation, meeting
thousands of real estate investors the past cou-
ple of years and getting ask these same SEC
questions, I realized that there is a lot of confu-
sion concerning SEC regulations vs private lend-
ing.
The confusion seems to arise because of the
following:
1. Each state establishes their own regula-
tions and exemptions. Therefore there
are different guidelines depending on
where you live.
2. If you cross state lines with your private
lending, i.e. houses in one state and
lenders in another, the Federal SEC
regulations come into play.
3. There are a lot of half truths floating
around and when people hear these,
they get confused and possibly fearful.
To be better equipped to answer everyone's
questions, I decided to hire and attorney to do
some research. What I found was that each
state is able to establish their own regulations,
but they all have the same pattern. So I’ll use
my state of Ohio as a model to explain what is
typical for all states.
1. In Ohio I can acquire up to 10 private lend-
ers without having to file anypaperwork with
the state. Once I file the proper paperwork
my number of lenders is unlimited. Different
States have different numbers and most are
higher than Ohio.
2. As long as my properties and lenders are in
Ohio. Just the state regulations apply. If I
have lenders and or houses in different
states then the federal SEC regulations ap-
ply.
3. If I go over 10 lenders, the paperwork I need
to file with the state is very simple.
4. I need to give a disclosure statement to po-
tential lenders.
5. Can't pool lender money but I can if I file the
proper paperwork.
6. Can't use the word 'guarantee' in my adver-
tising.
As a side note, some of you are under the
impression that the SEC is out to cause you
problems. The SEC is not the bad guy; they are
looking for the bad guys. They want legitimate
business owners to prosper. They are very will-
ing to help you if you just ask. They just want
you to comply with their regulations.
What is a security?
The term "security" is broadly defined to
mean "any certificate or instrument, or any oral,
written, or electronic agreement, understand-
ing, or opportunity, that represents title to or
interest in, or is secured by any lien or charge (Continued on page 11)
SEC Questions
& Private Lending
Page 10 MAREInet.com
upon the capital, assets, profits,
property or credit of any person
or of any public or governmental
body, subdivision, or agency."
That's the language used on
the website of the Ohio Division
of Securities. This definition in-
cludes such common items as
shares of stock, warrants and
options, promissory notes, mem-
bership interests in limited liability
companies, bonds and deben-
tures. Limited partnership inter-
ests are considered to be securi-
ties, while general partnership
interests are generally not con-
sidered to be securities. The
statutory definition additionally
includes the term "investment
contract," which has been con-
strued by court decisions to in-
clude numerous investment op-
portunities and business opportu-
nities, which at first glance may
not appear to fit within the defini-
tion of "security."
Does that mean private lending
may be considered securities?
When you are borrowing
money from private lenders, you
are offering them a security.
You're making an IOU to them,
by borrowing their money and
promising to pay them a fixed
interest rate over a certain time
period or when the sale of a prop-
erty is concluded.
When a company sells shares
or stock, it's giving the purchaser
of the securities an ownership
interest. Shareholders make
their money when they get divi-
dends on their investment or
when they sell their stock. Pri-
vate lenders are lending you
funds and they make their money
by receiving the interest rate
you've promised them.
All states allow securities to be
offered to lenders when they are
either registered or offered under
a proper exemption from registra-
tion. Securities laws do define
debt as a type of security. This
means that your business has the
same kind of opportunities as
businesses that sell shares of
their company to the public. It
also means that securities laws
and regulations apply to the busi-
ness.
Alan Cowgill is a speaker, author,
and real estate entrepreneur. Alan
has bought or sold over 200 in-
vestment properties. His step-by-
step system “Private Lending
Made Easy” teaches others to find
private lenders. Please be sure to
be present at the One Day Private
Lending Workshop on Saturday
the 23rd in Kansas City listed be-
low to find out more about SEC
Compliance.
Learn more about Private Lending Right now, visit Alan Cowgill’s website: click here and check out his Saturday Workshop in July
Where: Career Education Systems in the Ward Parkway
Shopping Center
Date: Saturday July 23 : 9 am to 3pm, lunch included
Doors open and check in at 8:30
Cost: Members $29 / Non Members $49 through 07/18
After 7:18 Members $49/ Non Members $69
PHP: 5Credits Financing PHP, members only, must be pre-registered through the website to receive credit.
Private Lending Training
Learn More
Investment News Page 11
Page 12 MAREInet.com
- You need to produce your advertising.
- You need to submit all of this to the Securities
and Exchange Commission in your state
- That needs to be certified by the SEC and THEN
you can go advertise to the list
HERE are the rules…
You can borrow private money from folks that you
have a prior relationship with. You can not advertise
to get private money from strangers unless you have
registered with your states Division of the SEC. I.e.
you buy a list of strangers from The List Peddlers
and then what? You must register but since you are
not told and trained by The List Peddler, you think it
is hunky-dory just to contact/advertise to these pri-
vate lenders. It’s not. Look, you are dancing with a
gorilla (the SEC) and they are leading. Think of it
this way. If you hate the thought of an IRS audit, the
IRS is a pussy cat compared to the SEC.
You must follow the rules. The good thing is that the
rules are easy. My charge against these List Ped-
dlers is that they are unsafe and bad for our industry
because they are misleading their customers by giv-
ing them only half-truths.
My goal?
My goal is to deliver THE WHOLE TRUTH, not
HALF TRUTHS you get from The List Peddlers.
I want you to be wealthy beyond your wildest
dreams. But that is worthless if you lose your real
estate empire because you failed to take the simple,
proper steps to be in compliance with the SEC.
(Continued on page 13)
Something new is happening in the field of real es-
tate and, to be more specific, how to get money to
fund deals with private lenders.
One of the keys to being successful with private
lenders is how to find them. I’ve found 16 ways.
Eight I use to attract family, friends and associates
and eight I use for attracting strangers to become
private lender.
That brings me to what is new in our industry. A
couple of new real estate trainers (we’ll call them
“The List Peddler”) stumbled onto a list that is gen-
erated and updated monthly by state with a new list
of private lenders that have loaned money in the
previous 30 days.
That sounds real appealing doesn’t it?
Sounds easy and simple.
Get a list of fresh hot private lenders that live in
your state, market the heck out of them and hope-
fully find someone to loan you free money.
At least that is what The List Peddler led you to be-
lieve.
BUYER BEWARE!!! The List Peddlers are gone
with your hard earned $$$ and you are up to your
butt in legal fees because they (the List Peddler)
aren’t giving you THE WHOLE STORY.
What’s wrong with that picture? These guys are
low.
HERE is the bottom line;
- You are not allowed to just go advertise for
lenders.
- That is a violation of SEC regulations
- There are forms to fill out first (I give these
forms to my students)
Private Lending
The List Peddlers
Investment News Page 13
I had to make a decision early on as
a trainer if I should deliver the whole
truth when it comes to private lend-
ing. It was really a no-brainier. I did
what no one had done before me or
after me and that was to do what-
ever is necessary to deliver accurate
and timely information on the SEC
to make sure my students HAD IT
ALL.
Frankly I am concerned by what The
List Peddlers are creating in our in-
dustry and their lack of ethics could
cost you dearly. Understand it is
YOU, NOT THE LIST PEDDLER
that takes the hit.
For example: let’s say a List Ped-
dler’s customer advertises then gets
in trouble with the SEC. The cus-
tomer decides to tell the SEC where
they got the list. The SEC gets The
List Peddlers list of customers. Now
the SEC is knocking on your door
because you are on The List Ped-
dlers customer list. Dancing with a
gorilla and it is an ugly dance.
So how can I help you? Let me give
you five simple questions to ask The
List Peddler to see if they are on the
ball…
1. How would you market to this
list? If the List Peddler fails to
say register with the SEC,
RUN!!!
2. What are the steps to take when
you register with the SEC? If
they don’t know in detail, RUN!!!
3. Do you supply the proper forms
for my state so I can register? If
their answer is anything but yes,
RUN!!!
4. Can I use my real estate attor-
ney to file with the SEC? If they
say yes, RUN!!! They are clue-
less.
5. Do I need to handle things differ-
ently if the property is in one
state and my lender is in a differ-
ent state? If they say no, then
RUN, RUN, RUN!!!
If they say yes, then do a follow-up
question on what forms they use.
Now I provide my students this list of
private lenders as well but the huge
difference is NO ONE is given this
list unless they have my Premium
System. Why is this? Because in
the premium system I give them the
exact steps and tools to keep them
safe.
So is selling the list a bad thing?
Heck no. It is great. That’s why I
have it in my system. What is BAD,
very bad, is that you, the student,
don’t get the facts from the List Ped-
dler to protect yourself. You are not
told the other side of the story &
frankly the most important part that
you MUST be in compliance with the
SEC.
I offer the list to my students but I
offer the WHOLE PICTURE. The
l i s t ,
p r o -
cedures, forms and education to
make sure you are safe. More in a
minute on this.
In fact, I think the list is so valuable,
I give it away for FREE.
HUH?
Yep, you heard me right. FREE to
my new customers. No money grab
here.
You see the real value is not in this
list of strangers. The real value is
this…
1. Keeping you safe by under-
standing and providing you with
the LAW.
2. Tools and training so you can be
a private lender assassin. I.e.
attract private lenders at will be-
cause you are professionally
trained.
Question: What if your list source
dries up and you can’t get a new
list? Well the answer is you need to
be a trained assassin on finding pri-
vate lenders.
Look, new doesn’t mean better.
Some of these List Peddlers weren’t
teaching private lending 2 years ago
and just because they are now good
with social media and internet mar-
(Continued on page 14)
WORKSHOP BONUS The first 50 people to Register for the
Saturday July 23rd One Day Private
Lending Workshop will Receive a
FREE copy of “How to Get all the
Money You need to Buy Property.’
Only 20 spaces left to receive the free
book!.
Page 14 MAREInet.com
keting doesn’t make them better. It
just makes them internet savvy to
get your bucks. Make sure they
have the experience, ethics and the
SEC research to deliver the goods.
I.e. the WHOLE PICTURE to keep
you safe.
Now let me tell you a little known
secret…
- Unless these List Peddlers get
my systems and try to learn,
then teach, the SEC regulations
to you OR they pony up by
spending the big bucks for the 6
years like I have for an SEC at-
torney to research EACH
STATE and Canada, talk to SEC
regulators in many of the states
to get to the source, then the list
peddlers will continue the money
grab while JEOPARIZING your
future.
- Why 6 years? Because I con-
tinually update my systems. I
want to point out that this is not
a data dump, but an ongoing
process once you step up to the
commitment. In fact, I paid a
webmaster to set up an SEC
forms download so I can update
my SEC student data at will. Is
that costly? Yep, but I do it for
my customers.
The List Peddlers gloss over the
important stuff. For example, one of
my students sent me a List Ped-
dler’s presentation. The List Ped-
dler never broached the topic of the
SEC. What is wrong with that pic-
ture?
I had another student tell me one of
the List Peddlers told them they
don’t need to file with the SEC to
use the list. WRONG!!!
My systems are current, accurate
and cover the full scope of borrow-
ing money from private lenders
safely. I’ve been so aggressive on
the topic of the SEC that my SEC
attorney boasts that I bought his
new house with all I’ve spent on
SEC research. He kinda smiles
when he says it, but he’s not joking.
He is correct because I’m that dedi-
cated to keep my students safe.
Let me share with you the exact
steps I’ve taken for my students.
1. Created a 496-page home study
system that covers the SEC
from A to Z for the whole United
States. There are 996 forms!
Eight audio CDs explaining the
whole process of private lend-
ers, real estate investors and the
easy steps to be compliant with
the SEC. It is called “The Real
Estate Investors Bible To The
SEC”. There is nothing on the
planet that comes close to this
home study system.
2. Created a 60 page manual
called SEC Compliance Q&A
Manual that gives a great over-
view of the SEC compliance
rules for Real Estate Investors.
3. Created a 60 page manual
called the Canadian Compliance
Q&A Manual too.
4. Upgraded the Premium Home
Study System that students use
to attract private lenders to in-
clude 4 new chapters on the
SEC.
5. My Premium System now in-
cludes 8 audios covering the
SEC and private lenders. So
there are 16 total audios in the
Premium Home Study System.
6. I bring my SEC attorney to my
boot camp at my cost to teach
SEC compliance and 5 pooling
techniques.
7. I just spent $7,000 to gather
crystal-clear details on the SAFE
ACT, and then held a free webi-
nar to share the information.
Guess who was listening in on
the call? Yep, one of The List
Peddlers. Getting information
for free because he doesn’t
know the rules.
8. I provide downloadable disclaim-
ers for each state to make sure
your website is in compliance.
Yep, it is advertising too.
9. I provide separate, download-
able forms so you can register,
by state, with the SEC.
I don’t tell you this to impress you. I
tell you this to impress upon you my
sincere commitment and ongoing
dedication to keep you safe.
All The Best
Alan Cowgill
PS: I just talked to my brother today
and he is a Chiropractor. He said in
his business he finds that if some-
one has a bad experience with a
poor Chiropractor it turns them off
on the benefits of all Chiropractors.
Using the same logic with The List
Peddlers, if someone uses the list
illegally then it might turn them off
on the power and potential of using
private lenders. I understand the
logic but I hate what these List Ped-
dlers could be doing to our real es-
tate businesses and, more specifi-
cally, unsuspecting real estate in-
vestors.
Investment News Page 15
MAREIandCC.info
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.
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!
Who are “They” &
Why did they “DO IT?”
MAREI monitors Local
City & State Governments
As well as Nationally.
Be sure to register for our
newsletter for important
updates& calls to action.
FREE Gift! Get instant access to 3 great
FREE Bonuses. Valued at
$200: Must Know RE Terms
Glossary, Think & Grow Rich
Book , and Training eCourse.
FREETrialWebsite.info
Lead Lists
Pre-Notice of Default
Pre-Foreclosure
Affluent Consumer
Free & Clear Homeowner
Absentee Owners
Newly Listed Homes
New Business leads
Custom Consumer Leads
EZ Data Group Leads
Track Foreclosures
Complete Details
Including Addresses
Jackson, Clay, Platte
EZ Data Group Foreclosure
See housing stats online
www.KCRAR.com
Resources Tab
Heartland MLS Statistics
Page 16 MAREInet.com
Free Estimating Software for Remodelers
and Builders:
Save time and make more money – Starting
Now!
Easy to use
With pre-loaded construction costs and item checklists, you can begin estimating jobs in a matter of minutes.
Runs anywhere you have an Internet access
Our Web-based software works anywhere you have Internet access and it is always up-to-date.
Free training and support
Training and support are included with your subscription. Receive help with your simple ques-tions, or more com-plex business proc-ess questions.
More than estimat-
ing software
Estimate jobs, use automated material lists, manage sub-contractors and change orders, while you build a more profitable business.
All the features you need to keep your
jobs running smoothly.
Estimating & Proposals
Requests for Bid
Selections
Purchase, Work, and Change Orders
Labor Reporting
Job Costing
Authorization to Proceed
Documents and Forms
Contact Management
Time and Material
Job Templates & Automated Materials Lists
MAREI took a tour of Home Depot’s Superbuild Software and we have to say, if you are a con-tractor working with out estimating software, this product will make estimating easier, faster and more accurate. It will track your material, labor for bids and actual so you can improve either make your bids more accurate or find your work-ers are milking you for a bit extra. Quite possi-bly it will put money in your pocket.
For our Investor Members who want to know what a repair or renovation will cost this is a must have. You can estimate your own job and create your own Work Orders and Requests for bid to have several contractors bid the exact same specifications for your job so you are com-paring apples to apples.
This software is available through www.SuperBuild.com and the FREE version is sponsored by Home Depot. Check it Out Today!
Helping Investors
Investment News Page 17
MAREI
Internships
Managing Websites
Booking Events
Selling Advertising
Graphic Design
www.AccurateTitleCo.com 913-338-0100 phone
Title Services Provided for:
FSBO, Wholesale, & REO Transactions New Construction Closings Commercial Purchases and Refinance All Types of Loan Closings 1031 Exchanges FHA, VA, USDA, Conventional Loans,
and Hard Money Loan Closings Refinance & Reverse Mortgages Doc Prep, Prelim HUDS, Curing Issues Short Sale Closing & Assistance 100 Years of Combined Service!
accurate
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Multiple Templates to Choose
PreFilled Text or Write Your Own
Unlimited Pages as Needed
Properties Descriptions & Photos
Tools to Build your Buyer’s List
Data Collection Tools
Your Own Domain
Keyword Rich for SEO
FREE Site / Hosting $19.95 Month
www.MAREInet.com/360REIStart
Page 18 MAREInet.com
Career Education Systems
Ward Parkway Shopping Center
8600 Ward Parkway
Kansas City, MO
New Meeting Space
Don’t Forget
Located on the East Side
South of Dicks & 24 Hour Fitness
Please Park in the Parking Garage
Investment News Page 19
TE-TEE LIGHT
ELECTRICAL SERVICES
Keeping you “In-Powered” with Superior 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
For Investors By Investors
In this market, you want an agent on your
side that has the knowledge, the ability,
the EXPERIENCE,
and the resources to help you!
Realty Resource
115 E Gregory, KCMO
816-523-4400
www.RealtyResourceKC.com
“Flexible rehab options
and purchase financing for
qualified investors!
Ann Wilkinson Vice President
Mortgage Loan Production 12501 Antioch Rd
Overland Park, KS 66213 Ph: (913) 402-1500
Fax: (913) 402-0673 [email protected]
www.ArgentineFed.com
Asset Protection
Insurance Agency
www.REOIns.com
877-752-2742
Real Estate Owned / Forced Placement
For Investors & Finance Institutions
Page 20 MAREInet.com
TRAINING
Visit www.MAREIU.com to check out the
current and upcoming trainers that you
can learn from right now or any time you
can fit it into your schedule with our Online
Training.
Special Right now. Register for access to
12 FREE Videos from our experts . . .
Over 2 hours of quality training
Current Courses Available Now
REOs and Lease Options
Creative Financing
Auctions & Foreclosures
Government Grant Money
Automated Investment
Peak Performance
Training Calendar
We have a packed training calendar for July :
Constant Contact Webinars for those looking to ramp up their Online Marketing
Realtor Training Classes at Career Education Systems that are open to non-Realtors
This Months Meeting: Rebuilding Credit after Mortgage Crisis
Saturday Workshop: Private Lending with Alan Cowgill
See page 23 & 24 and visit www.MAREInet.com and click on Calendar
Investment News Page 21
“Presentation is Everything!”
Canyon-Stone.com
550 E. 56 Highway, Suite B
Olathe, KS, 66061
Phone: (913) 254-9300
Fax: (913) 254-9301
kcmoHomeBuyer.com
Do you have a house you need to sell? A wholesale
or Assignment you need an end buyer for?
We are looking for homes to Rehab and Sell to First
Time Home Buyers. Please add us to your Buyer List.
Parameters:
After Repair Value $120,000 to $180,000
3-4 Bedroom, 1.5+ Bath
Basement & Garage Preferred
Like Post 1978, but will consider older
Cash Buyers, no Appraisals or Loan Qualification
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 money
with Rentals.com!
Discounts for MAREI Members:
Receive 20% off all Regular
Priced Advertising. Log into
Member’s Area, click on Member
Discounts and look for MAREI’s
Discount code!
Page 22 MAREInet.com
CA
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July 5th Realtor
Training
www.CESKC.com 4 Day Kansas Pre-License
Practice Course
July 5th Realtor
Training
www.CESKC.com 4 Day Kansas Pre-License
Practice Course
July 6th Webinar Creating Marketing Emails
July 7th Webinar How to Boost the Response to Your Email
July 9th Realtor
Training
www.CESKC.com 4 Day Kansas Pre-License
Practice Course
July 9th Networking Blue Springs/ Independence Investors Meet
4pm Panera Bread 40 Hwy & 291.
July 9th Community Restore Donation Day, every Saturday
July 10th Networking Lee’s Summit Investors meet for a network-
ing breakfast the 2nd Sunday of the month
July 11th Deadline Deadline for Reserving your Vendor Table,
Reserve online or email [email protected]
if you have prepaid tables to use.
July 12th Meeting Monthly Meeting: Networking from 6 to 7.
Announcements and deal share 7:30. Pres-
entation at 7:30: Topic to be determined.
First Meeting at Career Education Systems
July 13th Webinar Building Better Lists
July 14 CESKC.com Realtor Training: 1031 Exchanges, open to
the public, 2 Credits PHP, save certificate
July 16th Networking Blue Springs/ Independence Investors Meet
4pm Panera Bread 40 Hwy & 291.
July 17th Networking Lee’s Summit Investors meet for a network-
ing breakfast the 2nd Sunday of the month
July 9th Community Restore Donation Day, every Saturday
July 18th CESKC.com Realtor Training: Credit Scores, open to the
public. 2 Credits PHP, save certificate
July 19th Webinar Newsletter Makeover
Investment News Page 23
July 20th CESKC.com Realtor Training: Short Sales & Foreclo-
sures, open to the public 2 Credits PHP, save
certificate
July 20th CESKC.com Realtor Training: Creating Wealth, open to
the public. 2 Credits PHP, save certificate
July 20th Crime Free Mid-America Crime Free Workshop
July 20th Webinar Creating Marketing Emails
July 20th Networking Commercial Investors meet every other
Wednesday
July 21 Other Groups KCIG meets—details at www.kcig.org
July 23 Workshop One Day Private Lending Workshop with
Alan Cowgill
July 23 Community Restore Donation Day, every Saturday
July 23 Networking Blue Springs/ Independence Investors Meet
4pm Panera Bread 40 Hwy & 291.
July 24th Networking Lee’s Summit Investors meet for a network-
ing breakfast the 2nd Sunday of the month
July 26th Webinar Building Better Email Lists
July 26th Webinar Planning Email Marketing
July 26th Other Group Landlords Inc Meets
July 28th Webinar The Power of Social Media
July 28th Other Group Landlords Of Eastern Jackson County
July 30th Networking Blue Springs/ Independence Investors Meet
4pm Panera Bread 40 Hwy & 291.
July 31st Networking Lee’s Summit Investors meet for a network-
ing breakfast the 2nd Sunday of the month
Ne
tw
ork
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Page 24 MAREInet.com
Members can find each other through the Profiles Section in the Member area and when we
email, call or mail you, we utilize the information in your Profile. So your next step as a new
member is to confirm your information and turn on your profile
Look for the words “My Info” on the left
hand menu bar. Left click.
A new screen will open up with all of
your contact information. See Below.
Confirm all of your contact information
is correct.
You have the ability to determine what
information appears your profile for
other members to view.
Click the fields you want
visible to other members.
Turn on your profile using
the drop down box and se-
lecting yes.
Be sure to click the Submit
Changes Box at the bottom
to save your changes.
Your Info
Profiles
Investment News Page 25
Offered As Address City Price Bed/Bath Contact Phone
TLC Rental 3217 College Kansas City, MO $13,700 3/2 Christoph Becker 816-419-1165
Rentals 3 Rentals Kansas City, MO $150k Seller
Financed
Assort Kim Tucker
Realty Resource
816-523-4400
Fixer 5353 Hardesty Kansas City, MO $9,500 3/1.5 Mekeba hart 816-665-0491
Fixer 2924 Bales Kansas City, MO $14,750 3/1 Christoph Becker 816-419-1165
Fixer 5430 Norton Kansas City, MO $15,500 2 / 1 Christoph Becker 816-419-1165
As Is Not given Grandview, mo Not Given 2/ 1.6 Barbara Danuser
Century 21
816-419-9246
Fixer 3509 College Kansas City, MO Not Given 3/1 Bemate Bom-
bama
913-735-9997
Package Mid Town Kansas City $280,000 8
houses
Sunil Jain 913-526-1904
Package Ruskin / Grand-
view
Kansas City $475,000 11
houses
Sunil Jain 913-526-1904
Package Ruskin / Grand-
view
Kansas City $755,000 19
houses
Sunil Jain 913-5261904
Fixer 705 E 60th St Kansas City $68,000 2 /1 Maggie Sheehan 816-444-1950
Fixer 5137 Olive Kansas City $6,250 3 /1 Christoph Becker 816-419-1165
Rehabbed 3722 Agnes Kansas City $23,500 3/1 Christoph Becker 816-419-1165
TLC 3347 Askew Kansas City $15,750 Christoph Becker 816-419-1165
Wholesale Not Given Grandview $49,900 3/2 Ryan Walls 219-864-1788
Pakcage 55th / Michgan
Area
Kansas City $202,000 1 of 4 Kim Tucker / Re-
alty Resource
816-523-4400
See all properties on the classified page on MAREInet.com. Including full
details, photos, and links for more information. 39 Postings in Total.
Page 26 MAREInet.com
From Cells to Sales
front of potential buyers and sellers in a particu-
lar farm area.
Wholesalers, are you trying to find a very fast
way to get a house out to potential clients.
Could you include an opt in or opt out on your
sign up form when you have investors register
as buyer’s on your web site? Then when you
have a new listing, text your investor buyer list or
text with price changes, or text to let them know
that Bob bought the house and they missed out.
What if you are a general contractor farming a
neighborhood. Print up a few signs that go in
the yard of the home you are working on, and
rather than just having your name and number,
have a sign text the word “album” to 34295 to
see samples of your work. Or another sign that
says to text the word “bid” to get a free quote on
what ever services you offer. Then while your
crew is busy working on the house and you are
out buying materials and bidding your next jobs,
you can receive those texts, follow up and
schedule a time to complete a bid for the
neighbor next door later in the day. Much faster
than waiting for the neighbors to call you, leave
a message, and you to call them back.
Or how about those of us who are suppliers of
materials, like a Home Depot Store for example.
You could run a special ad asking viewers to
text the word HD to 34598 to receive a coupon
for a free 6 pack of plants in the spring. The
coupon goes to their phone, that the customer (Continued on page 27)
Some scenarios for you.
You have a home for sale, rent, lease option, or
what ever. Sign in the yard with flyer box, some
simple flyers that say text the word “house” to
234356 for free virtual tour. Potential buyer or
tenant stops by and texts in to get the virtual
tour right there on their smart phone. They are
happy.
On the back end side, their phone number goes
into a the your database and notifies you of their
interest instantly. Ten minutes later you call
them to follow up to make sure they were able to
view the virtual tour. No waiting for the potential
client to go home, get to the computer, and re-
member to look at the virtual tour, and then
maybe notify you. No, it’s instant at the time
they are sitting in front of the house.
So one key benefit here is that your potential
client is getting instant contact back from you,
when they are right there in front of your house.
If you are a Realtor Listing a house and it’s the
neighbor, might this go a long, long way to get-
ting their listing on their house?
Your next benefit is that you may be farming an
area. So everyone who texts in for the virtual
tour is probably looking to buy, rent, or lease to
own in that area. Could you not categorize
these leads in your back end text follow up sys-
tem. Then when you have something new, a
quick text to everyone. Or if you change the
price, sell it, or what ever, you can notify every-
one who texted in. Again, keeping your name in
Mobile Coupons are the next
big wave in direct Marketing
Investment News Page 27
takes to their nearest store to buy
their free 6 Pack of flowers, plus
$50 more of gardening supplies.
The number stays in Home Depots
marketing database. Then in the
summer when they are running a
clearance on patio furniture they
could text everyone that of the un
announced special for today only.
I hope you are getting some ideas
here of what you might be able to
do with Text Message Marketing in
your business.
Now I have another application
that I have been a part of at the
DMV, you know that place you go
and wait and wait and wait for your
turn to buy a license plate or re-
new?
Well last trip I had to the DMV, the
line was out the door. So they had
a little kiosk where I went and
typed in my name and my cell
phone. They wanted my cell
phone number so they could text
me when they were with in 10 of
my number. Then I could leave
and go about my business and
when they were almost to my num-
ber they would let me know. I
went back to work, got in another
hour of work, they texted me, I
went back. Now I did spend some
time driving back to work, but it
was still more productive than sit-
ting there for 3 hours waiting my
turn.
This application could also be
used at fine dining establishments
on a budget, just a computer sys-
tem and internet connection and
they text you on your cell phone
rather than giving you a bulky
flashy light thing that you might
steal and never bring back. Allow-
ing you to go about your business
till it’s time for you to be seated.
Hmm, keep thinking here. The
applications are almost limitless
and growing. Heck even I have a
smart phone and can send and
receive texts. Want to know
more? Contact me, I can send
you more information as I get it—
email me at [email protected]
Kim Tucker—MAREI Director.
INVESTOR
MEMBERSHIP
BUSINESS
MEMBERSHIP
informed MAREI
Professionals
targeted group
Of Clients
From Motivation to How To Optimization of Your
MAREI members are above the
crowd. They enjoy a informative
newsletter, blog, and social me-
dia experience. They connect,
ask questions, and share oppor-
tunities through the Member’s
Message Board. And they save
$100 using the many member
discounts.
MAREI sets the standard for real
estate investor networking and
education, drawing the type of
client you want to do business
with. Our meetings and online
presence gathers targets the
qualified leads your business
needs. But there is only one way
to get in front of them . . become
a Business Member today!
$99.00 / year
Additional Member $50
$499.00 / year
Includes Advertising
See the Membership Benefits tab under Membership
on our web site at www.MAREInet.com for more
info and look for our orientation webinar on the
calendar of events.
See the Business Benefits tab under Membership on
our website at www.MAREInet.com for more info or
call the office at 913-815-0111 .