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The Investment News: January 2012
1. MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS
Investment News NETWORKING : EDUCATION : COMMUNITY
January 2012
90 Day Challenge
Challenge yourself to something new
for 90 days for a better 2012!
Analyze Deals
You make your profit when you buy!
So be sure to buy right!
Assigning a Contract
Double closes and finder’s fees are
gone, so how do I get paid?
Market Conditions
Be an investor in the know, take a
look at the data.
Read Online for working Web Links
www.MAREInet.com/NEWS
2. MAREI
Notes
2011 Contact Information
National REIA
PO Box 8685, Prairie Village KS, 66208
Awards of Phone: 913-815-0111
Excellence
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
Honors matters concerning real estate and other investments.
Content Disclaimer
Of Merit The views and opinions expressed by authors of articles contributed to this newsletter do not neces-
sarily reflect those of the association, the board of directors or the staff.
Electronic Advertise in the Investment News
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Page 2 MAREInet.com
3. MAREI
Staff
Kim Tucker 816-523-4400 Don Tucker 816-523-4400 Steve Burns
Director President Audio Visual
Kim@MAREInet.com Don@MAREInet.com cashflowtreasures@gmail.com
John Welchert Dan Goodwin 913-642-5218 Shelda Goodwin
Meeting Ambassador Meeting Ambassador Meeting Ambassador
816-522-0002 DanGoodwin@kw.com SheldaGoodwin@kw.com
volunteers: Be sure to thank our volunteers who
help out at each and every meeting making sure the entire
meeting is a success. If you would like to volunteer from
time to time to help set up, take down, or check in, or as-
sist for a few hours in the business office, please email
info@MAREInet.com or call 913-815-0111.
Scott Tucker
Need: Blog Articles, Newsletter Articles, Workshops for Meeting Ambassador
STucker319@gmail.com
Members, Guest Speakers, Office Assistance, Web Mas-
ter . . . If this might be you, let us know!
Investment News Page 3
4. m ar ei
BUSINESS MEMBERS
ADDRESSING THE NEEDS OF
Type Company Web Phone Contact
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
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
Page 4 MAREInet.com
5. Contents
MAREI News
In This Issue
The Fine Print 2
MAREI Meeting Staff 3
Business Members 4
Contents 5
Director’s 90 Day Challence 6
Analyze & Submit Offers on Properties 8
Member Benefits at a Glance 10
Assigning a Contract 12
Market Conditions 14
Association Update 16
Welcome New Members 18
Calendar of Events—SubGroups 20
Classifieds—How to submit part 2 22
Classifieds—Houses for sale 23
10 Ways to Build Your Buyer List 23
January Meeting
What is a good deal? Member Benefits
Join us as 3 of MAREI’s very experienced
New member orientation will cover many of our member
investor’s share their methods of making a
benefits. If you are new to MAREI or just have some
good deal.
questions please join us at 6:30 at the January Meeting
Tuesday January 10th, from 6 to 9 when we will go over all the benefits of being a mem-
Note the meeting format will be a bit dif- ber. Members and Guests welcome!
ferent, come prepared for a mini speed
networking from 7:00 to 7:15
Investment News Page 5
6. Director’s
As we head into a new year with many op- one new thing out of one of those books
portunities for new beginnings I am re- and try it for 90 days.
minded of a Facebook Post I read just be-
What is it you want to change or improve.
fore Christmas!
I would be willing to bet that you have
A friend of mine while watching an infomer- much of the necessary tools right in front
cial about a weight loss exercise training of you, it is a matter of actually imple-
video came to the realization that she had a mentation. So go to your library, be it
shelf full of training videos that she was not books on a shelf, notes you have taken at
using. At that time she set forth for herself a training, stuff on the internet and pick
a 90 day challenge—if she could exercise in one thing you know you should be doing
some way for 1 hour for 90 days, then she and commit to it for 90 days.
would spend the money to buy the new ex-
Do you need to write a blog post a day for
ercise program. She completed the 90
90 days? Interact with 1 person on social
days last week. Each and every day for 90
media per day? Make 5 calls to your circle
days she found a way to exercise, from go-
of influence a day for 90 days? Sending
ing to the gym for an hour, to taking a
out 20 letters a day to motivated sellers?
walk, to using some of the exercise videos
What is it you need to do in your busi-
she already had in her house on the shelf.
ness, your life, or your family?
You see she knows one important key fac-
tor, if you do something for 90 days it be- One way to help you with your challenge if
comes a habit. to have a partner who has a challenge of
well and work to keep each other account-
So fast forward to today, January 4th as I
able. You might join us on Facebook and
sit at my desk trying to figure out new and
tell us what your challenge is.
improved ways for buying houses. Search-
ing for one new key way to find the next
great deal, while in front of me I have a
vast library of real estate training materials
Kim Tucker
and I know for a fact that the golden key is
already in front of me if I would just pick Director
Page 6 MAREInet.com
7. Asset Protection
Insurance Agency
www.REOIns.com
Property Management
877-752-2742
Section 8 Housing
KC Metro Wide
Jeff Woods
Broker
ww.MyPremierLeasing.com
816-849500
Real Estate Owned / Forced Placement
For Investors & Finance Institutions
Sell Vacant Houses Faster “Flexible rehab options
and for more money! and purchase financing
How? We transform vacant houses - often
for qualified investors!
seen by buyers as stale, lifeless, unappealing - Ann Wilkinson
into fully-furnished, inviting, valued Show- Vice President
homes. Now in our third decade of service to Mortgage Loan Production
Homeowners and their Realtors, we've become 12501 Antioch Rd
America's premier home staging service coast- Overland Park, KS 66213
to-coast. Ph: (913) 402-1500
Fax: (913) 402-0673
Our professional home staging services can add
AnnW@ArgentineFed.com
thousands of dollars to your sale price -- and at the
same time reduce the stress and expense of mar- www.ArgentineFed.com
keting your property.
ShowHomesKC.com
Amanda Palomba
913-227-4364
Investment News Page 7
8. Analyze & Submit
Offers on Property
Well, I want to take the next few minutes explain- same thing and you can even design your own.
ing exactly how much profit you should allow You can use a calculator or a simple pen and
whether you are buying a fixer upper or buying a paper method.
property that is already rented or ready to rent or
My point is that no matter what system you use
sell.
the most important thing I can share with you is
How many times have you seen a run down va-
that if you don't know what kinds of margins
cant property and thought to yourself... that
you need or if you don't know your repair costs
would be a good investment? You see it for sev-
and closing costs they will be of no meaningful
eral weeks or months and do nothing about it and
use to you. You have to know what numbers to
all of the sudden you see someone is now rehab-
enter into your calculations to get the right an-
bing it and you see a "for sale" or "for rent" sign
swer.
in the yard. Then you say to yourself... "I knew
that would have been a good investment! Darn, I I'm going to butt heads with a few people here
missed that one"! You just weren't sure how much but I am very much a big picture person. I don't
you should offer and how much profit you should use all of those fancy calculations when I'm buy-
allow before making an offer. ing. I basically need to ask the seller or realtor a
few specific questions and then I can make an
The bad news here is that there are as many dif-
offer on the spot before we ever get off the
ferent ways to analyze a deal as there are ways to
phone. Is that great or what? This is why I can
put a deal together. There are software programs
buy 10-15 houses every month on a consistent
that you can purchase that will calculate your in-
basis.
ternal rate of return every year from now until the
property is ultimately paid off and beyond. There Rules of Thumb To Use When Making Offers
are spread sheets that you can buy to do the Here are a couple of hard and fast rules of
Don’t miss this event!
Monthly Meeting
January Monthly Meeting: Agenda
Tuesday January 10th, 2011, 5:00 Set Up
6pm to 9pm 6:00 check in
Career Education Systems, 6:00 vendor hall
FREE for members, Guests 6:30 new member orientation
$25 at the door, $15 if you pre-
register 7:00 mini speed networking
We will be analyzing deals! 7:15 guest panel:
Deal Analysis
Page 8 MAREInet.com
9. thumb. And I want you to keep in fer: vested and this includes the pur-
mind that they are just what I chase price, repair cost and closing
Deal Finder Question #1: I need to
said... rules of thumb. cost. Keeping a margin of 30% in-
know the after repaired value of the
sures that when you are finished
Deal Finder Rule #1: The first property or the current comps in the
making the necessary repairs, after
rule of thumb when analyzing a area
closing cost you will still have 30%
deal is very simple: "If you need
Deal Finder Question #2: What is equity. Then you can sell it, refi-
a calculator, it's probably not a
the estimated amount of repairs or nance it, lease option the property or
deal". Let me explain. If you can
types of repairs. rent it for cash flow as well.
look at a deal, knowing the after
repaired value, the repair cost Deal Finder Question #3: The as- Now, if you are looking at what I call
and how much they are asking sociated closing costs an "instant landlord" property then
then you should be able to tell Deal Finder Question #4: If it is a you can pay a little more than 70%
whether or not it is worth pursu- rental property then I want to know of value. After all there are no re-
ing. If the profit numbers are so the rent or potential rent. pairs to do on your part. My rule is
close that you have to figure it not to pay anymore than 80% of
Sure I will eventually find out more
on the calculator then you proba- value and maybe 85% of value if the
information but we are talking about
bly need to say "NEXT" and move cash flow is good and there is good
getting our offer out there on the first
on to the next property, after possibility of appreciation.
call. These basic four questions will
making your low ball offer of All you need to have is a simple cal-
give you all the info you need to
course. culator to figure what to offer while
make an offer and be on your way to
Deal Finder Rule #2: The next a deal. on the phone with a seller or submit-
rule of thumb is also very simple. ting an offer by email. Let me men-
How Much Should You Offer? tion here that it is extremely impor-
"If you have to ask someone if
it's a deal it probably isn't". Lets I know what your asking...How much tant that your deals are home runs,
face it, you have at least read should I pay. This is very simple. If especially your first few. That is the
some books, been to a seminar you are looking at a fixer upper then critical stage in your investing career
or two, taken an investor to you don't want to have any more that will make you stay in or get out.
lunch, listened to a webinar or than 70% of after repaired value in- . . . Larry Goins
training audio or something. You
know what to do for the most Want some help analyzing your
part. YOU can tell whether it's a deals . . .Be sure to pick up your
deal or not so if you have to ask FREE Copy of Larry Goins Uliti-
someone then it probably isn't. mate Property Analyzer Soft-
ware. We will have a free copy for
4 Key Deal Finding Questions
the first 25 people in the door! Be
Now, how do we put all this stuff sure to Arrive Early. Want to learn
to use? As I mentioned I only more about Buying and Flipping
need to ask a few specific ques- Properties? Visit the education
tions before making my first offer page for a free webinar with Larry
right over the phone. Here is what I Goins on buying and selling
need to know before making an of- houses.
Investment News Page 9
10. MAREI’S MEMBER BENEFITS PROGRAM
YOUR MEMBER BENEFITS
AT-A-GLANCE
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Page 10 MAREInet.com
11. Member Service
We have several services as part
of our website to help you grow
Magazine for the real estate investor. your business.
With discount subscriptions for MAREI
members. MAREI’s Government Affairs ac-
tively monitors national legisla-
Other Discounts tion and rule-making that im-
pacts the real estate industry and
harnessing the strength of MAREI
members at the grassroots level.
MAREI mem-
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Investment News Page 11
12. Assigning
A Contract
We were discussing at the MAREI office if make a profit and at the same time don’t
in fact assignment of contract was still a want their end buyer to know how much
viable way to flip a property. But we have profit they are a making. Not really a
found that Diana Jackman from Chicago problem, until that one time someone
Title and the Arizona Real Estate Investors finds out what you made, gets upset and
Association believes that they are still takes you to court. With the assignment
here. everyone is put on notice as to exactly
As Diana points out the whole concept of how much you are making in the way of
being a bird dog and getting a “finder’s the assignment fee. So nothing is hidden.
fee” or referral fee is no longer an option, The extra costs comes in to play because
not only is this against most state laws the with the double close you have just that:
title companies will not pay them. Ask your two closings one for you to buy and one
title company to do a double close where for you to sell and the title company gets
you as the wholesale seller in the middle paid for title twice and two sets of clos-
pay for your purchase from the original ings. With an assignment you as the
seller with the proceeds from your sale to wholesaler have absolutely no costs, you
the end buyer, and they will again tell you just get paid.
no. Diana gives us this scenario: You sign a
Diana also tell us that “Some investors are contract with the owner of the property
under the assumption that if you close on a and show as buyer John Doe, LLC, and or
double you can somehow ―hide‖ the profit assignee. You now have the right to as-
you are making on a file. This is a costly sign the contract. You will also disclose in
misconception in more ways than one. Not your contract that you are an investor and
only are you increasing your liability on a plan to assign the contract/property for
double close but you are also increasing profit. If one or more of the members of
your cost (in some cases). your LLC holds their real estate license in
When she refers to increasing your liability the state of Arizona then that disclosure
by hiding the fact that you are buying and should also be made in the contract. Now
selling to make a profit, she is referring to you have full disclosure! You find a buyer
the fact that many investors don’t want the (assignee) to take over your interest in
original seller to know they are selling to the contract for an ―assignment fee‖ of
$4,000.00. You would supply the buyer
Page 12 MAREInet.com
13. (assignee) a copy of the con- buyer (assignee), and the She does point out that most
tract and an assignment seller. Again full disclosure on banks in REO and short sales
agreement. The assignment this gives you very limited li- specifically write into their
contracts that they are non-
agreement will dictate the ability. The other selling point assignable. But for the most
terms of the assign- for you as assignor is that you part other sellers do not have
ment. Don’t leave your ear- pay no fees, you just collect an issue with it. We also did a
nest money on the table – re- your initial deposit back and little research online and
member to include the re- whatever assignment fee is found that some title compa-
nies are saying they do not
placement or reimbursement agreed upon. Your title com-
want to conduct a closing with
of earnest money in your as- pany will require a 1099-m the assignment of contract, so
signment agreement. All par- form from you, the signed as- far the title companies that we
ties will sign off on this agree- signment forms and where to have worked with still close
ment, you, (the assignor), the send your money. them.
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Investment News Page 13
14. Market
Conditions
The housing market data is out for November off going into December and January in the Kan-
and it is showing that the Pending home sales sas City area. It is also important to note that
are continuing to gain and in November it we are going into our second spring sales period
reached it’s highest level in 19 months, according with out the tax credits. So when we look at
to the National Association of Realtors®. The last sales figures for 2009 and the first part of 2010
time the index was higher was in April 2010 when through April 30th the numbers were all scewed
it reached 111.5 as buyers rushed to beat the by the $8,000 home buyer tax credit and then
deadline for the home buyer tax credit. The data the spring 2011 sales and appraisals were still
reflects contracts but not closings. being affected by tax credit sales from a year
ago.
NAR’s chief economist, Lawrence Yun attributed
these gains to both buyers who have been on the Our inventory of homes in the Kansas City metro
sidelines waiting for the economy to get better is down all the way around with our new home
and to buyers who had contract and financing inventory at 1264 a decline of 3% from October
issues that have now been resolved and are now and a 16% declined from a year ago. Existing
buying a house again. home inventory was at 12,505 with is down 9%
from October and 14% lower than 1 year ago.
This data on pending home sales is telling us that
Here I have to think that this is affected by the
closed home sales should continue to improve.
slow down in foreclosures while the mega banks
If we step back and look at the date for the Kan- go through and verify paperwork and foreclosure
sas City area we see that the average sales price procedures and as I recently read on a blog post
of a new home was $323,146 according to the from Mark Beauvais, that the banks are holding
Kansas City Regional Association of Realtors back inventory to limit supply, increase demand,
(KCRAR). This value is almost identical to the and raise prices. This is the “Shadow Inventory”
same average price last year. Existing homes that you keep hearing about in the media.
saw an average price of $147,386, just 4% higher
We can look to RealtyTrac to see that foreclo-
than the $142,071 price of last year.
sure activity is trending down over the past 6
KCRAR also reported that on the number of months in Kansas while foreclosures seem to be
home sales that in November we saw 136 new trending up in Missouri. Looking at the make up
home sales this year compared to 135 in 2010. of foreclosures in both states, we see in Kansas
And for existing home sales we sold $1566 this That about 1/3 are homes in pre-foreclosure, 1/3
year, 5% more than we did in 2010 but down 8% are ready to go to auction, and 1/3rd are bank
from October 2011. owned. Looking at the pie chart in Missouri is
It is important to note that sales generally taper vastly different with almost no homes in pre-
Page 14 MAREInet.com
15. foreclosure, 70% ready to go to Missouri side. great deal where they can invest
auction, and 30% bank owned. If sweat equity. This is further driv-
So what does this all mean for real
this data on the RealtyTrac web- ing up the prices of bank owned
estate investors in the Kansas City
site is correct, we have almost 3/4 properties. Tough for those of us
market? It seems we are in for
of the foreclosure inventory waiting working to get a great deal, but on
more of the same across the metro
for sale so either the banks are the flip side if we are looking for
with higher prices for bank owned
just letting houses go to sale a little prices to increase, this is helping
houses continuing. Add in that two
trickle at a time to control assets on that side of the coin.
or three years ago investors were
on their books and inventory of
the primary buyers of bank owned Please visit http://
REO available, or we have a lot of
properties while today the inves- www.MAREInet.com/Market to see
properties that will be coming to
tors are competing against owner more on this data.
market in the spring of 2012 on the
occupant buyers looking for a
accurate
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Investment News Page 15
16. Association
Update
In real estate as in business, you have to first quarter and $30 every quarter after.
adapt to the ever changing market or be-
come obsolete and go out of business.
Divide to monthly with $15 the first
month and $12 monthly after.
MAREI is a very important part of the real
estate market here in Kansas City and we Guests fees paid at meeting will apply
have to be responsive as well. to any membership if you join at the
We may be biased, but we doubt that meeting.
there is anyone else out there working to MAREI has been very fortunate over the
provide Kansas City Metro real estate in- past 9 years and as a result we haven’t
vestors with the extent of market informa- ever raised our dues. The above options
tion, government affairs updates, network- allow the member to best choose what will
ing opportunities, deal opportunities, ex- work for them based on their needs and
pert service providers, education and more their budget.
at MAREI. And in today’s economy where
It is important to note that MAREI exist
the real estate investor is a very important
because of members. Member pay dues
cog in the community wheel, MAREI’s role
that allow MAREI to put on meetings, offer
to the community is growing. We need to
the outstanding benefits listed on page 10
strive to serve our current members, moti-
and 11 plus tracking the local market and
vate new members, and improve our ser-
keeping you informed on what is happen-
vices.
ing in your local government. While wee
So we have some new improvements that have never raised our dues doesn’t mean
have kicked in and others that we are our expenses haven’t gone up. They have,
working on for 2012. a lot. Over the past three to four years we
First in the last 1/2 of 2011 we have up- have adjusted by lowering cost, but not
dated our membership offerings: service level. This hasn’t been easy, but
through tremendous dedication by the
Annual – Full Membership Privileges
staff we have pulled it off. So we encour-
$99 First Year & $99 Renewal age you to join or renew your member-
ship or switch to one of our monthly or
Family Member / Business Partner $50 quarterly plans. To switch to one of
Break to Quarterly with only $35 for these plans we can waive the start fee
Page 16 MAREInet.com
17. and just convert your mem- working to complete the ter format and allow us to
bership over to the recurring main presentation of the market them to our email
dues. meeting closer to 8:30 and post to our social me-
Other changes coming: rather than 9:00. dia pages automatically
gaining you more expo-
You will note our agenda Property marketing, we are sure.
looks a bit different. We in the testing stages of a
are adding a new member property marketing tool to Last we are working to
orientation during the net- replace our current classi- make our web page more
working time at 6:30 at fieds. This will allow our user friendly so the mem-
the meetings and we are members to post and ad- bers will be able to interact
vertise properties in a bet- more.
Be sure to
Join Now
(Or Renew)
Go online at
www.MAREInet.com
Do the math.
Your vacancy is costing you every day. For everyone that joins now or at the
Fill your vacancy faster and save money meeting on Tuesday we have several free
with Rentals.com! giveaway items for you to choose from:
Buying Real Estate without Cash or Credit
Discounts for MAREI Members: (Peter Conti & David Finkel)
Receive 20% off all Regular
How to Create Multiple Streams of Income
Priced Advertising. Log into
Buying Homes In Nice Areas with Nothing Down
Member’s Area, click on Member (Peter Conti & David Finkel
Discounts and look for MAREI’s
Discount code! Buy Even Lower,
The Regular People’s Guide to Real Estate Riches
(Scott Frank & Andy Heller)
Investment News Page 17
18. New Members Renewing
Carol Babcock: Kansas City, MO Steve Burns: Shawnee Mission, KS
Kevin Boggs: Overland Park, KS Brian Gates: Leawood, KS
Steven Glaze: Lee’s Summit, MO Dan & Shelda Goodwin: Overland
Park, KS
Melanie Gomez: Kansas City, MO
Dee Grisamore: Overland Park, KS
Diane Hastings: Liberty, MO
Bilal Hazziez: Kansas City, MO
Jane Mahoney: Kansas City, KS
Scott Tucker: Kansas City, MO
Michael Linn: Kansas City, MO
Dena Odom: Mission, KS
David Watson: Topeka, KS
Page 18 MAREInet.com
19. More Information . . .
HOUSES WANTED
More Confidence
Built After 1950
Minimum 3 Bed, 1.5 Bath
Eastern Jackson County
MO or Johnson County KS
Retail Value $100k-$200k
More Profits
No Rental Tenant Screening
Local Cash Buyer Looking for 2 to 4 Houses a month Pre Employment Screening
to purchase, rehab and sell. Money Partners want
Contractor Screening
their money placed quickly so they can turn their
money fast and make a profit. Can’t do that with Collection Services
out houses! Bring us a deal!
Discounts for MAREI Members
Email: kcmoHomeBuyer@gmail.com
www.AAAScreening.com
Submit Online: kcmoHomeBuyer.com
816-436-0085
“Presentation is Everything!”
Property Management
Rental Services
Canyon-Stone.com
Kansas City Metro
550 E. 56 Highway, Suite B
Olathe, KS, 66061 www.JamiesonHomeTeam.com
Phone: (913) 254-9300 Kevin Jamieson
Fax: (913) 254-9301 816-503-4671
info@canyon-stone.com
Investment News Page 19
21. Sub Groups meet more often than the monthly meeting.
Residential Groups
Blue Springs/ Independence: Every Saturday from 4pm to 6pm at the
Panera Bread at 40 Hwy and 291 Hwy, Independence.
Lees Summit: Every Sunday from 9am to 11 am at the Panera Bread on
Chipman Road in Lees Summit.
Weekly Wednesdays: Every Wednesday from 9am to 11 am at the Panera
Bread at 103rd and State Line.
Commercial—Larger Multi Family
Commercial Investors: Every other Wednesday from 5:30 pm to 7:30 pm at
the Panera Bread at 103rd and State Line.
OU!
THANK Y
Many thanks to our Volunteers who sponsor a
Larry Prato Spencer Cullor Networking. If you need more networking and
Commercial Subgroup Commercial Subgroup interaction, please check out the Networking
Group on the Calendar. First Networking event
is free and does not require membership. After
that if you want to continue as a part of the sub-
group, we request that you become a member of
MAREI to gain more knowledge and access all
Debra Felderhoff Michelle Winberry the tools and benefits of membership.
BS, LS, Indep Subgroup Weekly Wednesdays
Group Facilitators for the following Groups wanted: Northland Investors, Joco
Investors, Short Sale Investors, Landlords, Note Buyers.
Investment News Page 21
22. Classifieds
The Mechanics Part 2
Once you click post classified, you get the input screen above. Fill it out and click Submit Classified. You might
note as you look through other peoples classifieds that they look real fancy. These folks have created their
posting in an HTML (web site editor) and pasted the HTML code in the Description Box. Doing this you can
add color, formatting, links to your website, and photos. You are only allowed 1500 characters and HTML takes
up a lot of those. We are not here to teach you HTML, but if you use something like Google Sites or Word-
press, you can create a page in that service, switch to the HTML view and copy and paste here (and also into
craigslist as well) and have a beautifully formatted classified advertisement.
Caution: if you edit your classified, it will always default to vehicle, so be sure to check that before you
Submit.
See Part 1 in December 2011 Investment News
Page 22 MAREInet.com
23. CLASSIFIEDS
See more details on each property in the Classifieds at www.MAREInet.com.
Offered As Address City Price Bed/Bath Contact Phone
Fixer / Rental 4206-4212 E 7th KCMO $19,500 4 plex 2bd Christoph Becker 816-419-1165
Fixer /Rental 1812 E 70th St KCMO $17,500 3 bed Christoph Becker 816-419-1165
Fixer / Rental 5713 Palmer KCMO (Raytown) $12,500 3 bed/1ba Bilal Hazziez 816-237-8696
Fixer / Rental 5161 Hardesty KCMO $14,500 Christoph Becker 816-419-1165
Rental ShiloEstates Lees Summit $99k Each 7 units Danny Hammond 816-985-4950
Fixer 8300 E 104th Tr Kansas City $38,700 Jamison Home Team 913-384-8331
10 Ways to Build Your Buyer List
1. Network at all of our live events and exchange want, add them to your list.
cards.
7. When you have a property, market it in every way
2. Carry a legal paid at investor networking possible, and add a comment, that if this is not the
events, ask people if they would like to be on property for you do “x” to get added to my buyers
your list and write them down. list.
3. Go to the courthouse, network with cash buy- 8. For end buyers or lease to own buyers—market all
ers. a free report on how to buy “lease to own”, “fha” or
“your first home”, those that respond will either be
4. On MAREI’s social medial pages and other real
potential buyers or your competition.
estate related social media pages, post where
you are looking for properties and ask for buy- 9. Troll the landlords at socialserve.com—they
ers to add to your list. give you phone numbers & emails.
5. Online Classifieds and Paper classifieds— 10. Obtain a list of people who have purchased
CALL all the we buy houses and for rent by cash in the last 6 months and send them a
owner ads, ask to add them to your list. postcard with an enticement to go to your
6. Troll online pages for people looking for website and register for your list.
houses, call them up and find out what they 11. More online: click here
Investment News Page 23
24. Many thanks to our
members & guests for
a great 2011! Please
join us for an even
better 2012!