NEWSLETTER FOR
MID-AMERICA ASSOCIATION OF
June 2017
The Home Depot offers a wide range of professional grade interior and exterior paint, stains, primers and
more. NREIA Members can get the competitive advantage with savings on paint and supplies.
For assistance, see your local Pro Desk or contact your Pro Account Rep
All installation services provided by insured, licensed (where applicable) and background-screened independent contractor The Home Depot
Authorized Service Providers. License numbers held by or on behalf of Home Depot U.S.A. Inc., available at homedepot.com/licensenumbers or at
the Special Services Desk in The Home Depot store. Installation services not available in all areas. We reserve the right to limit quantities to the
amount reasonable for our regular customers. In the event of an error, we will make every reasonable effort to accommodate our customers.
Details on any product warranty available at store. See contract for guarantee details. 2015 Homer TLC, Inc. All rights reserved.
MAREI.ORG/CALENDAR
THE CALENDAR
Landlords of Johnson County This is a must attend for anyone wanting to get a good deal.
First Wednesday of the Month Member's & First Time Guests Register for FREE at www.MAREI.org.
Matt Ross Community Center
All others pay $25 at the door or $15 for pre-register or join for $99
8101 Marty,Overland Park, KS
3rdual
5144 Oak Street, KCMO
Landlords of EJC
4th Thursday of the Month
JULY MTG
ALL STARNETWORKING
Ann
Allen's Banquet Hall Every year at about All Star Baseball Game Time, MAREI members and guest get together
11330 E Truman Rd to network, to eat and drink, to chat about Baseball, to talk about real estate and to suport
Independence, MO Harvesters. This event attracts 20 to 30 sponsors who want your business and are there to
ask questions. PLUS we have 10 to 15 experts on various topics who are ready, willing and
Jackson County Real Estate Investors
able to answer your questions on marketing, wholesaling, auctions, funding, private
Last Wednesday of the Month
4 West Monroe Street lenders, creative fiancing, self directed IRAs, rehabbing and more. We have food, a cash
Buckner, Missouri bar and the event is free with a minimum $5 donation to Harvester's at the door (or more
online, bring your receipt so we can add your donation to our total.
Remember monthly meetings are from 6 to 9pm at the Holiday Inn at 8787 Reeder Road,
Overland Park, KS. Netorking from 6 to 7, Presentation 7 to 9pm. MAREI Members & First Time
Guests who Pre-Register at MAREI.org attend free - all others py $25 at the door or $15 online.
RE INVESTMENT NEWS 03
real
estate
news
Many of the tax reforms being proposed would RENTAL READY STARTS JUNE 1
highly impact the real estate industry from
mortgage interest tax deductions to 1031 exchange.
Please take a moment to check out the new website In September of 2016, the Independence, Missouri
www.ProtectTheLease.com and to take action, tell City Council adopted their Rental Ready program with
your legislators how real estate affects your goals to protect the health, safety and welfar of
business. residents, maintain atractive and desirale
neighborhoos, and ensure minimum standards for the
interior of residential buidlings.
RENTING OUT A ROOM/ HOME
To get all the details on what is to be inspected, to
People renting out their property in Kansas City find a list of inspectors, apply for business licenses
through online services like Airbnb and Homeaway for your rentals, for a complaint form and more,
are likely to face a new batch of regulations soon. please visit
www.ci.independence.mo.us/ComDev/RentalReady
Based on more than a year of public input, the city
has drafted a proposal on how to regulate the home- MAREI also suggest all landlords with property in
sharing services, which currently are technically Independence, become active with Landlords of
illegal in the city including new permits and having Eastern Jackson County.
RE INVESTMENT NEWS 05
Marketing Plan
WHY YOU NEED TO DEVELOP A STRATEGY
targeted approach when marketing
to motivated sellers; otherwise you
will waste marketing dollars. Using
a shotgun approach such as signage,
business cards or generic letters
will bring in a lot of leads, but very
few of them will be qualified
motivated sellers.
We all know that developing an investing business. The best way to do this is to
effective marketing strategy is develop between three and five
essential to getting any business off Marketing is also a numbers game, different marketing techniques that
the ground. Educating yourself and the more leads that come in, the work the best for you in your area,
discovering how to locate and more opportunities you will have and then integrate both the
motivate potential sellers to to make deals. You wont buy every shotgun approach and targeted
contact you is a must in making deal that comes your way, but marketing into your business plan.
your real estate business a success. when you develop a machine that You will want to be consistent in
You must be able to locate brings in quality leads, you will be your marketing. Remember, you
prospects who want to do business able to pick and choose the deals want to reach your market place in
with you. You must find the sellers you want to do. You will quickly as many ways as your budget will
who need to sell, not just want to learn to recognize quality allow, since not everymotivated
sell their properties. This is prospects. seller will see every type of
essential to your success as a real marketing you do. For example, an
estate investor. Coming into the You must also be able torecognize out of state owner wont see your
new year this will be animportant the difference between using a ad, your signage or your business
step to growing your real estate shotgun approach and using a card. You will need to send this
If the borrower meets all Home owner sells home If borrower does not meet
the conditions, including before the foreclosure conditions in #3 or #4,
modification with in set either for what they owe lender will file notice of
time frames, no longer in for for less than what they sale that starts the
default. owe with a short sale. foreclosure process.
a Distressed Property
bank owned
If minimum bid is not met at the foreclosure auction, the home becomes a bank
owned or real estate owned (REO) property. The Bank takes posession and may
need to evict former occupants. Usually all liens are wiped out by the auction and
taxes are paid by the bank. The bank may offer for sale "as-is", they may clean it out
and then sell it or they may repair it and then sell it. It will be sold.
Generally liens on the The lender usually sets a Winning bidder takes In most cases the winning
property do not remain after minimum bid that must be posession upon the filing of bidder pays cash the day of
foreclosure. Except for met at the sale. Generally the foreclosure deed, unless the auction, with cashier
property taxes and building what the borrower owes, there is a redemption period check or wire immediatly
code violations. but not always. as there is in Kansas. following the sale.
foreclosure
The property will be offered at a live There are two types of foreclosure Judicial
public foreclosure auction if: as in Kansas that involved court and Non-
it ioan default is not cured, Judicial as in Missouri where the attorney
a loan modification is not granted, for the most part manages the process.
or a short sale is not negotiated. As the process varies, it is important to
learn the process in your area.
#ForeclosureAuctionKC
#RealEstateInvesting
AUCTION
EXPO
Register Today at
MAREI.org
Discount Code
2017JuneM
MARKET UPDTATE Apr 2017
New & Existing Combined
average: $220,283
57 6,803
median: $179,950
Data from
97.6
The employment landscape and wages have both improved over the last few years, allowing
for more people to participate in the home-buying process. When the economy is in good
working order, as it is now, it creates opportunities in residential real estate, and right now is a
potentially lucrative time to sell a home. Houses that show well and are priced correctly have
been selling quickly, often at higher prices than asking.
Although there is a mounting amount of buyer competition during the annual spring market
% of asking price cycle, buyer demand has not abated, nor is it expected to in the immediate future unless
something unpredictable occurs. While strong demand is generally considered a good
problem to have, it creates an affordability issue for some buyers, especially first-time buyers.
0.5% Increase over 2016 And yet, prices will continue to rise amidst strong demand.
This is the July monthly meeting to at the door& this year Harvester's
benefit Harvesters.Visit with our can accept credit cards.
Sponsors about their services, learn at
our Coaching Tables, Have a Hot Dog Everyone receives a raffle ticket for
and a Beer and Have Fun. Be sure to door prizes, and can purchase extra
tell a few friends to come out for the tickets. There will be sponsor
188,000 kids in
fun and help us feed Kansas City's booths,experttables, food, cash bar
Hungry for a few months. anddoor prizes. our region depend
on Harvester's
There is no cover charge, but all Mark Your calendar for Tuesday July when they don't
attendees are asked for a $5 donation 11th and bring friends.
get school lunches
To be a sponsor and / or a
coach: please email
Kim@MAREI.org or call or text
913-815-0111. We will
confirm space and email you a
link to make your donation
directly to Harvesters!
One of the Questions I am frequently asked by students you live in a particularly large county, they have plat maps
wanting to implement a direct mail campaign is where to you can look at to subdivide your lists by specific areas you
get the lists of sellers to mail to. While there are several want to mail to. This is just another way for you to hone in
resources available, I find they vary greatly in price and in on the area and type of seller you want to work with.
quality of the lists. It is important for you to find a good,
reliable source for your lists. When doing direct mail Another good source of lists for your direct mail is mailing
campaigns, their success is going to be based 70% on the list services which you can locate either by going to your
list and 30% on the direct mail piece you are using to local yellow pages and looking under mailing list
contact these motivated sellers. services, or you can simply research them on your
computer.
There are a couple of resources for lists that I find to be
especially reasonable in price and the quality of the lists is You can call these folks to find out what types of lists they
excellent for your use. One of those resources is very easy provide and what the cost will be for them. This would be
to find and simple to use use. Just go to your property the place for example, to find lists of senior home owners
appraiser, auditor, or assessors office and ask them to put or those with specific demographics, income ranges or
the lists together for you. You will need to target specific timeframe in which the homeowner purchased their home.
types of sellers you want to do deals with. If your county is For example, if you find some new homeowners (folks who
online preparing this list is usually pretty simple for them to purchased their homes in the last 12 to 24 months) you
do. I will suggest to you that you go down to their office may find leads for people who can simply no longer afford
and ask them for their help in person to customize these their mortgage payments who will simply deed you their
lists for you. If you just call them, you may get blown off property.
by someone who doesnt want to do the extra work, or you
may get someone on the phone who doesnt understand Remember that there are a lot of list sources that are
what it is that you need. I know all of this from personal virtually free. For example, you can get death and marriage
experience with counties I have worked with. In addition, if notices out of the newspaper or at your courthouse. You
RE INVESTMENT NEWS 15
Build Your Team VISIT
MAREI.org
With MAREI Business Members CLICK ON
Save time and money by starting with service providers who already
know your business. Who can solve problems as they arise to help you business
get the deal completed on time and for maximum profit. associates
ACCURATE AUCTION.COM
TITLE
Forclosure Auction Properties
A Full Service Title Company
Rachel Bailey
David Green
Auction.com
www.AccurateTitleCo.com
Rbailey.pta@auction.com
913-338-0100
816-797-6875
ALPHA BRIDGE
TITLE MANAGEMENT
Full Service Title Company A Turn Key Real Estate Experience
Patsy Archer Nathan Brooks
www.AlphaTitleLLC.net www.BridgeTurnkey.com
913-498-8999 913-695-8213
DISCOVER HOME
HVAC DEPOT
Heating & Airconditioning 2% Rebate on all Purchases
Complete System for $2785 Christine Putman
www.DiscoverHVAC.net PRO Account Rep 816-377-9534
816-500-2900 Sharon Beck
PPO Account Rep 913-313-8912
11 CAPITAL INVESTORS
FINANCE CHOICE FUNDING
Ryan O'Mara The Flexible Funding Solution
www.11CapitalFinance.com/MAREI L. Scott Ficinus
www.InvestorsChoiceFunding.com
816-668-7223
RE INVESTMENT NEWS 17
KC CABINET
COLLECTION
Cabinet Source
Mark Yanda
www.CarriageHouseCabiinet.com
913-980-4260
KC GROUT MERCHANTS
WORKS MORTGAGE
DJ Hoffman Real Estate Finance Company
www.KCGroutWorks.com Susan Aubin
816-448-5579 www.MerchantsMtg.com
720-554-9480
KC NATIONAL
INVEST REIA U
Online Training
Investment Property Seller
Professional Housing Provider
Kim Tucker
Credits
www.KCInvest.com
www.NationalREIAU.com
913-735-0018
REALEFLOW RENTALS.COM
Advertise Your Rental Properties
Real Estate Investor Platform
Discounts for Members
Marketing, Management, Deal
www.Rentals.com
Flow
www.MAREI.org/Realeflow
RE INVESTMENT NEWS 19
EXPAND YOUR
BUSINESS
WITH MAREI
5
40,000
Key Investing Areas
for members to share knowledge
Rental : Rehab : Wholesale : Notes : Creative
professionals
PROFESSIONAL
housing provider
CERTIFICATION
$750
Average Member
S A V I N G S
National REIA 553 MAREI Members $500 Average Home Depot Rebate
$100 Average Saving Office Depot
$100 Saving on 5 Training Events
$50 Savings on Other Benefits
People / Networking Priceless
4 member benefits Deal Connections Priceless
designed to promote
community
N E T W O R K I N G : E D U C A T I O N
A D V O C A C Y : C H A R I T Y
30+
local and national
service providers
JOIN TODAY
membership
$99 Annually
many with discounts marei.org