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RE N E W S
NEWSLETTER FOR
INVESTMENT
MID-AMERICA ASSOCIATION OF
July 2017
CONTENTS
04 08
10 14 20
MAREI.ORG
PAGE4 ALL STAR NETWORKING
HARVESTERS
THE COMMUNITY FOOD NETWORK
Learn more at
Harvesters.org
PAGE06 ALL STAR NETWORKING
Since 1976
Kansas City's Home Town Flooring Destination.
WeberFlooring.com
PAGE08 ALL STAR NETWORKING
Specializing in:
All of our chimney sweeps/inspectors are CSIA
Chimney design, building, restoration,& maintenance Certified Chimney Sweeps
Fireplace design, building, restoration,& maintenance
Large residential, commercial, and government projects All of our dryer vent cleaning technicians are
Masonry fireplace & chimney design & construction CSIA Certified Dryer Vent Technicians
Historic chimney restoration
All of our field techs are 10-Hour OSHA Certified
Chimney relining & liner repair
Masonry heaters
Commercial and residential brick ovens Qualifications of Our Senior Technician/Builder, Gene Padgitt:
Certified Heater Mason by the Masonry Heater Association of
High-efficiency gas and wood-burning appliances
North America
Chimney sweeping and inspections
State Certified Private Fire Investigator
Dryer vent cleaning NFI Certified Gas Specialist
Whole-house ventilators Licensed Mechanical Contractor (HVAC and Class DM)
Forensic Investigations CSIA Certified Chimney Sweep
Fireplace Remodeling. Degree in HVACR Technology
Consultation Services: Award winning mason
ChimKC.com
MO 816.461.3665 or KS 913.498.2446
PAGE10 ALL STAR NETWORKING
Worcester
Financial With FAST APPROVALS, we can
Taryn Kendrick close in as little as ONE WEEK!
WorcesterFinancial.com
Full service lending company
capable of offering funding to WE PAY FOR REFERRALS
borrowers and structuring loans for
investors in the Kansas City Metro Visit us online WorcesterFinancial.com
Area, including Kansas, for non-
Taryn Kendrick 816.291.4146 Finance@wc-kc.com
owner occupied residential, multi- 1220 Washington Street, Suite 200 Kansas City, MO 64105
family, and commercial properties.
PAGE14 ALL STAR NETWORKING
ALL STARCOACHES
MEET OUR LOCAL EXPERTS
Not only are they wrongly sending emails threatening legal action against real estate investors around the
country who use the term "we buy houses," they're convincing social media sites to remove content posted by
anyone who uses the term. (see examples below) They're undermining our livelihood!
It's not right to prevent tens of thousands of businesses from using a common term that's been in use for as long
as house wholesaling / flipping has been around!
After months of attempting to work out a settlement with webuyhouses . com and Jeremy Brandt, a stalemate
was reached. So in late June a federal lawsuit was filed to invalidate the trademark and collect damages. It will
be a nasty fight for sure. We have already raised over $100,000 for the legal fund but can certainly use more. Go
Fund Me donations can be made at TradeMarkCancel.com
MARKET UPDTATE May 2017
New & Existing Combined
average: $233,044
52 6,997
median: $200,000
Data from
98.0
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.
0.6% Increase over 2016 And yet, prices will continue to rise amidst strong demand.
real
estate
news
INSPECTIONS
We have a lot of new regulations growing, starting Kansas City Missouri: has also jumped on the
and being proposed across the Kansas City Metro. interior inspection band wagon and has a proposed
ordinace in discussion that may end up on the
Overland Park: Passed a licensing and interior ballot in November.
inspection ordinace in 2016 and this July will start
implementing fees and inspections. Mission: recently held an open meeting to discuss
their plans for interior inspections and licensing in
You can learn more about this program for your Mission. Their plan included an inspection on all
own Overland Park Rentals in at rental property between tenants so they did not
www.OPKansas.org and search for "Rental have to have tenant permission.
Property"
Kansas Law: Kansas currently has a law on the
Independence: Passed a licensing and interior books that states that cities cannot force the above
inspection ordinance in 2016 and started interior inspections without the tenant concent.
implementing this June.
Missouri Law: MAREI along with members of the
You can learn more about this program for your new Missouri Property Owner Association
rentals in Independence as well as find a list of attempted to pass a law similar to KS in 2017, and
inspectors who will do the inspection, go to will try again in 2018. See MissouriPOA.org
www.ci.independence.mo.us and search for "Rental
Ready" Across the country we are seeing Landlords
banding together to take their city to court.
SPECIAL EDITION OF THE RE INVESTMENT NEWS PAGE 21
Seller
Finance
HR 1360
The Seller Finance Coalition and National REIA are
making progress on the Seller Finance
Enhancement Act. They are reaching out to key
Senators across the country who are on the right
committees. Here in Missouri those key people
areEmanual Clever II from the 5th District
andWilliam Lacy Clay Jr from the 1st District. Learn more about HR1360
We have a blog post at MAREI.org that has contact
and how you can help at
information and suggested script for making that SellerFinanceCoalition.org
phone call. Please watch the Blog, Social Media
and Emails for fugure calls to action and also learn
more at www.SellerFinanceCoalition.org
THE CALENDAR
Weekly Meetings:
WinVestors:
TOP TITLE ISSUES
Every Wendesday at 9 am FACING INVESTORS
Monthly Meetings The title company plays a huge role in our investing
businesses. We have asked both Alpha Title and Accurate
1st Wednesdays Title to join us for a discussion on what the most common
Johnson County Landlords
issues investor buyers and sellers deal with and what we can
do to help the title company complete a smooth closing.
1st Saturdays
Networking Coffee
3rd Tuesdays
Deal Maker Sessions
3rd Wednesday
House Traders
4th Tuesdays
Landlords Inc KCK
Landlords Inc KCMO
Landlords of Cass county
3rd Thursday
Blue Springs Investors
Landlords of EJC
Missouri POA Meeting JULY >
Last Wednesday
Jackson County REI
ALL STAR NETWORKING
This meeting is free to EVERYONE, but we are Pleas see page 10 for all of our many sponsors and
requesting a $5 donation to Harvesters at the door. page 14 for all of our many experts. Please besure
Visit MAREI.org/Calendar to get to thank theim for their donation of money and
more info on these events across Join us Tuesday July 11th for MAREIs 3rd Annual All time. At the time of this writing we have $1425 in
the metro. Star Networking Event. This Event Features a room Sponsor Pledges with $825 collected.
full of people who want to help you grow your real We anticipate about 140 people in attenance for
estate business while you help them grow their another $700. Add that up and double with our
own business. corporate match and we should come in with
close to 12,,750 meals.
PAGE24 ALL STAR NETWORKING
NO MOLD NATURALLY
Mold or Water Damage in your Property?
Improve quality of life for your buyer or tenant with our all-natural products
and servcies from Green Home Solutions of Kansas City. Safe, affordable
and effective is our promise to you, every time.
www.GHSofKC.com
(913) 909- 3582
**Free Inspections for MAREI Memers
Proud
Partner
The Store Purchasing Card is not a credit card. Office Depot coupons valid at retail stores and used with the card will provide a discount off the retail store price
only. The cardholder will receive either its custom discounted pricing or the retail store price after discounts, whichever is lower. Please visit
business.officedepot.com/tcspc for full terms and conditions. The Office Depot name and logo are the registered trademarks of The Office Club, Inc. 2014
Office Depot, Inc. All Rights Reserved.
Insurance for
Propety Owners
The realprotect insurance program has been designed specifically for
the 14 family dwelling real estate investor. Whether you own 1
home or thousands, realprotect can help you reduce your insurance
costs and properly manage your risk.
realprotect.com
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
Rachel Bailey
A Full Service Title Company Auction.com
David Green Rbailey.pta@auction.com
www.AccurateTitleCo.com 816-797-6875
913-338-0100
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
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
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 564 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