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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
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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.
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MAREIStaff
Kim Tucker 816-523-4400
Director
Kim@MAREInet.com
Don Tucker 816-523-4400
President
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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
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Join the Conversation Bonus at November Meeting
https://www.facebook.com/
KansasCityRealEstateInvesting
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groups/kcrei/
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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/KansasCityRealEstateInvesting8/3/2019 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
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Investment News Page
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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
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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
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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
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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/FQzHhMZ9UcI8/3/2019 Newsletter - November Newsletter
11/20
Investment News Page 1
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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_plan8/3/2019 Newsletter - November Newsletter
13/20
Investment News Page 1
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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
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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
info@canyon-stone.com
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.html8/3/2019 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
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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
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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
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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
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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.
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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.
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MAREI hosts live and online training
events, has a virtual library packed with
educational materials and forms an docu-
ments.
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nies in the industry to bring $1000s in
money saving benefits.
GROW YOUR BUSINESS
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