Investment News - January 2010, Mid-America Association of Real Estate Investors

8/14/2019 Investment News - January 2010, Mid-America Association of Real Estate Investors

1/16

www.MAREInet.com January 2010

Investment News

We have a team of panelist to help answer questionsand we will not be shy about taking questions andanswers from the audience, as we will have moreexperts in the room than just our panelist.

Our start up questions include:

Are there loans out there right now for home buy-ers?

What are some of the changes in financing that is

affecting buyers and sellers right now? RESPA,Appraisals, HUDS, seasoning?

What are the most common loan types that homebuyers are using right now?

What are the top financing programs for buyers?

How do these programs affect the seller: timeowned, paying closing costs, proving repairs,etc?

What are some of the common seller conces-sions being used right now and how can a seller

use them to sell more properties.

How to down payment / closing cost assistanceprograms work in real life?

What can the seller do if the buyer just cant qual-ify for the loan on their own?

What can the seller do to help their lease to ownbuyers get qualified?

(Continued on page 8)

Last week it was reported in an article from the Kan-sas City Regional Association of Realtors, Inc. thatthe focus for 2010 will likely be on financing: gettingit done right the first time. In a survey of real estatepractitioners surveyed by Inman News, the majorityfelt that brokers needed more training on loan pro-grams.

If we look to the media, getting the right financing isthe message being sent to consumers. Businessweek points out that it is a great time to get a greatdeal on a home and a mortgage, but that borrowersshould shop around.

With all the media focus on financing issues, thesmart buyers will be looking for a real estate profes-sional who understands all the ins and outs of fi-nancing and that can assist them in finding the rightmortgage resources to meet their needs.

As Investors we may not be working directly withbuyers if they come to us through a Realtor. Butmany times we may be selling our property for sale

by owner or using a lease to own strategy and willneed to be able to advise our buyers. And evenbuyers who are working with Realtors, sometimesneed a little bit of help.

So as it is our lively hood, we need to know what weare doing. To help us get a handle on financing in2010 we will be holding a discussion on financingfrom the sellers point of view.

Financing Your Buyers

January 12th, 2010


2/16

Investment News

www.MAREInet.comPage 2

CODE OF ETHICS

MAREI members are expected to be civic minded and willing to operate with high standards of honesty andintegrity. It is our duty to conduct ourselves with the highest principles of the free enterprise system. Westrive for MAREI to be synonymous with competence and fairness. As MAREI members, we hereby bindourselves to this code of ethics:

1. We shall not discriminate against any person with regard to race, color, religion, age, national origin, sex,handicap or familial status as defined by current Kansas, Missouri, or Nebraska law.

2. We shall recognize that real estate is a service related industry.3. We shall refrain from engaging in any illegal practices, or defrauding any member, customer, or associa-

tion, with the aim of always conducting business in a professional manner.4. We shall endeavor to stay informed and updated on matters affecting housing in our communities, and

adhere to local, state and federal laws.5. We are individually responsible for our own due diligence and continuing education. Members are ex-pected to verify any and all assumptions regarding business decisions to prevent falling victim to fraud,misrepresentations and illegal practices.

Further, if any allegations of conduct considered detrimental to the purposes and interest of MAREI are re-ceived in written and signed communication to the management, we will consider the matter. Should a deci-sion to take further action be made, a furnished copy of said allegation (s) to the accused, who shall be givenadequate time to reply. Thereafter, management shall take such further action as it may deem property andin accordance to this code of ethics.

We have been searching for a new location that is centralized to the city. The best location we have beenable to find that fits with in the budget is Sylvester Powell Jr. Community Center in Mission KS.

Located at 6200 Martway north of Shawnee Mission Parkway and South of Johnson Drive just off Lamar, itis a little bit south and west of downtown, just off of I35 or 69 Highway With plenty of FREE parking.

They offer many different options for meeting rooms that are state of the art at much lower prices than ourrecent hotel locations and we are allowed to bring in our own food, drinks, or catering. This will allow us tohave meeting sponsors bring in dinner or snacks.

They have plenty of free parking for us on the north side of the lot in the 2nd lot from the building. The lotis north of the building and south of Johnson Drive. If you enter on that side of the building, you will be en-tering right by our meeting room. Restrooms are just across the hall.

We hope that by moving considerably north we will be more convenient to our members from the northlandand as we are not far I-35 the folks coming from the eastern areas of the metro can have quicker access

from I70.

We are also hoping to add a few secondary meet-ings in the coming months in the northland and ineastern Jackson County. If you know of a free orvery low cost location with easy highway access ineither of these locations, please email the MAREIoffice at [email protected].

New Meeting LocationSylvester Powell Jr Community Center


3/16

Investment News

www.MAREInet.com Page 3

Home Buyer Assistance

According to the most recent REALTORS Confidence Index, 39 percent of recent buyers purchased a home

with a Federal Housing Administration-insured loan. REALTORS who took part in the November survey also

reported that the number of first-time home buyers continued to climb to 51 percent. So it would pay for us tolearn everything we can about FHA. But there is a bevy of programs that can be utilized to help our buyers

besides FHA.

ACORN is provides homebuyer education and counseling for home buyers, foreclosure intervention. Avail-

able in MO & KS. acornhousing.org

Active Duty or Veteran Construction Loan from the VA that guarantees loans to eligible veterans to build a

house in which the veteran will occupy. No down payment loan, that may include the purchase of the land.

Nationwide. Homeloans.va.org

American Family Funds / Dove Foundation provides down payment and closing cost assistance to thoseapproved for FHA loans. Missouri. AmericanFamilyFunds.com

City of Lees Summit First Time Homebuyer Program provides up to $3,000 for down payment or closing

costs. First time buyers cannot have owned a home in past 3 years. Must purchase with in city limits of Lees

Summit. lsplanning.net

Community Housing Investment Program (CHIP) makes home ownership in Wyandotte County more af-

fordable by providing up to $19,000 in a forgivable loan. wycokck.org

Good Neighbor Next Doorprovides a 50% discount on HUD homes with as little as $100 down payment.

Specifically for firefighters, medical technicians, police officers, and teachers. Nationwide in Revitalization

Areas. HUD.gov

Home Possible is a low down payment loan with flexible credit terms and reduced insurance terms. Nation-

wide. Freddiemac.com

Home Buyer Tax Credit that offers a tax credit to first time home buyers and then any

homebuyers. Details in MAREI member resources.

Independence First Time Home Buyer Program will pay up to 5% of the pur-

chase price of a home towards down payment assistance for closing costs or

mortgage buy-down. Limit $5,000. ci.independence.mo.us

Kansas City Dream Program assists homebuyers with down payment and clos-

ing costs in approved Kansas City, Missouri neighborhoods. kcmo.org

KHRC First Time Homebuyer Program provides down payment assistance for

first time home buyers. Available in Kansas outside of Johnson County and in the city limits of KCK.

KShousingcorp.org

(Continued on page 11)
http://www.acornhousing.org/http://www.acornhousing.org/http://www.homeloans.va.gov/http://www.americanfamilyfunds.com/dovefoundation/C:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://cityofls.net/Development/Community-Development-Block-Grant/Programs-Applications.aspxC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://cityofls.net/Development/Community-Development-Block-Grant/Programs-Applications.aspxC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.wycokck.org/Dept.aspx?id=19936http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfmhttp://www.freddiemac.com/homepossible/C:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.mareinet.com/clubportal/ClubStatic.cfm?clubID=755&pubmenuoptID=30011http://www.ci.independence.mo.us/comdev/fthb.aspxhttp://www.kcmo.org/CKCMO/Depts/Housing/KansasCityDreamHomeProgram/SSDATA_20090822160519http://www.kshousingcorp.org/programs/fthb.shtmlhttp://www.kshousingcorp.org/programs/fthb.shtmlhttp://www.kshousingcorp.org/programs/fthb.shtmlhttp://www.kcmo.org/CKCMO/Depts/Housing/KansasCityDreamHomeProgram/SSDATA_20090822160519http://www.ci.independence.mo.us/comdev/fthb.aspxhttp://www.mareinet.com/clubportal/ClubStatic.cfm?clubID=755&pubmenuoptID=30011http://www.freddiemac.com/homepossible/C:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfmhttp://www.wycokck.org/Dept.aspx?id=19936http://cityofls.net/Development/Community-Development-Block-Grant/Programs-Applications.aspxC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.americanfamilyfunds.com/dovefoundation/C:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.homeloans.va.gov/http://www.acornhousing.org/


4/16

Why are EDUCATED

Real Estate Investors

More PROFITABLE?

Because in todays ever changing markets,there is no room for mistakes by the unedu-cated.

PUMP UP your investments and follow the triedand true practices of the successful.

Mid-America Association of Real EstateInvestors (MAREI), has been offering

educational opportunities for Real EstateInvestors since 2003

Educational Speakers Low Cost Workshops & Seminars FREE Tele-seminars & Webinars Downloadable E-Books & Articles Live Networking Opportunities Online Networking Opportunities Discounted Training Programs from

National Trainers

Take a step toward YOUR future,And Financial Freedom.

The Time is NOW!

Visit www.MAREInet.com

Call (816) 523-4400

JOIN TODAY

GET INVOLVED

Member National REIA

Investment News


MAREI

Mid-America Association of RealEstate Investors (MAREI) is one ofthe largest real estate investor asso-ciations in the mid-west. MAREImembers consist of full and part-time investors, beginning investors,real estate brokers and agents,

attorneys, contractors, accountants,property managers, renovation spe-cialists, appraisers, bankers - peo-ple who want to enjoy the manybenefits of real estate investing.

MAREI was established in 2003 andpromotes networking and educa-tional opportunities to its member-ship.

MAREI services members inKansas, Missouri and Nebraska.

MISSION STATEMENT

To provide education, discussionand networking opportunities to helpreal estate entrepreneurs & inves-tors reach their financial goals usingsound, honest business practices.

PO BOX 8685Prairie Village, KS 66208

Phone: 816-523-4400Fax: 816-523-4448

[email protected]

INVESTMENT NEWS 2009 byMid-America Association of RealEstate Investors (MAREI), a RealEstate Trade Association. Pub-lished monthly by MAREI and in-cluded as benefit for our members.Quotations and reprints are permit-ted with full credit given to author,plus The Investment News: News-

letter of Mid-America Association ofReal Estate Investors.

The information contained herein isbelieved to be accurate; however, itis not guaranteed or warranted inany manner and is subject tochange without notice. Writers andspeakers opinions are not neces-sarily those of MAREI. You are ad-vised to seek professional advice.


5/16

10 Tech Predictions for 2010

Investors and many of the team players they work with to buy, sell, and rent properties will be using a lot more technol-

ogy in the future.

1. We will be going mobile or virtual to lower costs. But what does virtual or mobile mean. We use free or low costfile sharing programs like Google Docs or Box.net so all team members can access office files from where ever

they have an internet connection. Using social media like Facebook and blogging resources like Wordpress inves-

tors can market their buying services, properties for sale, properties for rent and any other services they may have.

Maybe by the end of the decade we will be doing complete real estate transactions virtually using websites, applica-

tions, emails and more to buy and sell completely virtually with out ever having a face to face.

2. We will take advantage of mobile video text-messaging to send virtual tours and

slide shows to clients. So the rather than sending people to our web site to see

a virtual tour of the property, we will be able to text them a virtual tour right to

their phone using tools like Mogreet Mobile Video Marketing.

3. We will be using Facebooks fan feature to design pages for ourselves,neighborhoods, and local events that target fans in hopes of generating new

business. We will be creating fan pages to share their buying services, their spe-

cial buying programs, the community at an apartment and more. And we will

be using these fan pages as well as online groups to grow our circle of influ-

ence and to market.

4. The new cell phone from AT & T and future phones with an attachable projector

will make it easy for agents to show slideshows, photos, and videos to clients in the field. Imagine you are a whole-

sale seller at a networking event with 3 houses for sale and being able to use your phone to share the houses. Or if

you are networking and want to share a quick presentation on hour your private lender program and using your

phone to show a quick power point.

5. There will be more and more applications for our phones that we will all have to have to make our life easier.

Google these applications for your phone: TourNarrator, BA II Financial Calculator, RECalcReal Estate Mortgage

Loan Calculator, Mortgage Calculator, iFinance Toolkit Pro, Agent Feedback, My Realty Pro,

6. We will be using more Video Email. According to the site for the online tool ShareThis, 46% of ShareThis users

share data via email, but rather than sending a text email we will be sending videos in our email to share the same

information.

7. We will have more web sites that will allow buyers to bid online bidding on our homes for sale. We have seen this a

bit with online auctions on homes investors have for sale as well as REO properties. We will be seeing more inter-

net tools coming out that will allow us to do this faster and easier.

8. Investors will be seeing more and more online virtual training. While we will still be going to bootcamps to learn, we

are going to see many of our real estate trainers not only offering their intro presentations as webinars and telesemi-

nars, but the bootcamps that they will be selling will be totally virtual as well. You pay your fees, you get your log in

and you attend a class with other virtual students right on your home computer.

9. We will be using more complete package web based tools to manage our properties, our purchases and our sales.

10. National Database of homes. Currently the National Association of Realtors has acquired the technology to provide

nationwide access to public record info, lines, zoning, neighborhoods, school districts, referral opportunities. And it

will only be a matter of time until we will have a nationwide MLS system for all properties.

Investment News



6/16

Investment News www.MAREInet.comPage 6

FHA At a Glance

What is it an FHA Mortgage

Loan offered by lenders that is insured by theUnited States Government. Because they are

backed by Government, lenders are more willingto make loans, as losses to default are minimal.

Benefits

Low Down Payment (3.5%)Lower Credit Scores

Reasonable FeesLow Interest Rates

Who is Eligible

Owner Occupy Property as Principle ResidenceMust have Valid Social Security Number

Two Year Employment HistoryNot Delinquent on any Federal Debt

Meet Credit Requirements

Bonus Features

Homebuyer or the Seller Can Pay Closing CostsDebt-to Income Ratios More Generous

Minimum Credit Score Not RequiredFHA does not Require Credit Score(Although most lenders require 620)

Down Payment can be a GiftSeller Can Contribute up to Six Percent or Price

to Closing CostsNo Prepayment PenaltiesCitizenship Not Required

Bonus FHA Mortgage

Adjustable Rate MortgagesLimited Repair Program on Existing

Limited Repair on Purchased HomesEnergy Efficient Mortgage

Types of Properties

One to Four Family Unit HomesCondominiums

Homes Needing Rehab (203k)Manufactured Homes

Special Target Groups

Public Servants: Teachers & PoliceHome Owners Over 62 for Reverse Mortgage

Victims of DisastersIndividuals on Tribal or other Restricted Lands

Selling Points

Primary Home OnlyAvailable for non-permanent resident aliens

While no score needed, common requirementfrom lenders is 620

Only need 3.5% down paymentSingle family to 4 unit homes

Or FHA approved condosBorrower pay

Mortgage Limits

https://entp.hud.gov/idapp/html/hicostlook.cfm

More Information on FHA

www.fha.gov1.800.CALLFHA

www.HUD.gov

www.realtor.org/government_affairs/fha_toolkit

Note that FHA no longer requires property in-spections except in the case of a home beingpurchased with the rehabilitation 203k loan


7/16

Advertising Supplement

Service Guide

Investmentwww.MAREInet.com Page 7

Accurate Title Company, LLC

Jackie White

Title, Closing, & Escrow Services

7011 W 121st St, Ste 100,Overland Park, KS 66209

Phone: 913-338-0100Fax 913-338-0107

www.AccurateTitleCo.com

HomeDepot.com

Bi Annual2 % Rebate

& Volume Pricing

For MAREI members visit the benefits tabin the member library online.

Education & Training

go to www.MindLikeWater.com

Who Wants a 30% Response from

Motivated Sellers?

If you would like to get 30% of the prospects you

mail to responding to your offer, you must hear

about the Amazing Yellow Letter - the key to real

estate investor marketing success!

Pre NOD Leads : 30, 60, 90 days late

Marketing Materials

Direct Mail Service

Owner & Loan Policies

Endorsements

Ownership & Encum-berance Reports

Foreclosure Reports

Hold Open Title Reports

Ownership Information

Tax Information

Buyers Closing Services

Sellers Closing Services

Lenders Closing Service

Recording Services

Funds Disbursment

1031 Exchange Service

Special Requests

NEED TO FLIP A

PROPERTY FAST?

T.O.T.L. (TOP OF THE LINE)

RENOVATIONSwill complete all your rehab needs

quickly, at a reasonable price.

We specialize in:

Make - ready

Siding & Windows

Carpentry & Roofing

Plumbing & Electrical

Painting & Flooring Drywall & Doors

Fences & Decks

Kitchens & Baths

LICENSED AND INSURED

Call Anthony @ 816-606-0266

or Emily @ 816-252-0095

[email protected]
http://www.accuratetitleco.com/http://www.mindlikewater.com/http://www.mareinet.com/clubportal/vendors/VendorDetail.cfm?clubID=755&vendorID=8340http://www.mareinet.com/clubportal/vendors/VendorDetail.cfm?clubID=755&vendorID=8340http://www.mareinet.com/clubportal/vendors/VendorDetail.cfm?clubID=755&vendorID=8340http://www.mareinet.com/clubportal/vendors/VendorDetail.cfm?clubID=755&vendorID=8340http://www.mareinet.com/clubportal/vendors/VendorDetail.cfm?clubID=755&vendorID=8340http://www.mareinet.com/clubportal/vendors/VendorDetail.cfm?clubID=755&vendorID=8340http://www.mindlikewater.com/http://www.accuratetitleco.com/


8/16

Business Card Ad in This Newsletter

Member Price $25 for one month / $50 for 3- handed out at monthly meeting -

- posted on our social networking sites -- emailed out to 2000 recipients -

- included on vendor page on the web site -- Email [email protected] or call 816-523-4400 x 222 -

Vendor Table

Member Price $25 for one monthMember Price $50 for 3 months

See Calendar of Events

Advertising Specials

How can the buyer tap in the tax credit before it expires to help buy the property?

What are some of the biggest hurdles home buyers face right now and how can we help them overcome?

Do you think it will be possible for buyers to purchase in the future if they had a foreclosure, short sale,deed in lieu or bankruptcy in 2008, 2009, or 20010?

We will discuss as many questions as we can in our 90 minutes. If you have other questions, please emailthem to [email protected] and if we cant get to them we will address them on the message board.

Remember the meeting is at the Sylvester Powell Jr Community Center in Mission, KS. We start at 6pm withnetworking. Presentation starts at 7:15. In case of bad weather, please check the web site atMAREInet.com.

(Continued from page 1)

Ron Yarbrough

Mortgage Consultant

FirsTrust Mortgage

207 E Main StreetGardner, KS 66030

913.747.3234 Phone913.254.4034 Fax

www.RonYarbrough.com

Jon & Stacy BichelmeyerJB Homes

15301 W 87th St Pkwy, ,Suite 225Lenexa, KS 66219

913.915.1158www.JBHomes.org

Investment News

http://www.ronyarbrough.com/http://www.jbhomes.org/http://www.jbhomes.org/http://www.ronyarbrough.com/


9/16

Finance: 6 Hours

Registration InformationPLEASE CHECK THE APPROPRIATE Workshop

Finance: Owner Occupant $25 / $35 Non-member

Finance: Investors $25 / $35 Non-member

Finance: Advanced $25 / $35 Non-member

Finance: All 3 Workshops $69 Members Only

Member Non-Member Add Membership $99

_________________________________________________________

Name

_________________________________________________________

Company

_________________________________________________________

Address

_________________________________________________________

City / State / Zip

_________________________________________________________

Email Address

_________________________________________________________

Business Telephone Business Fax

Payment Information

Credit Card

_______________________________________________________Credit Card Account Number

$______________________________ ___________________Total Amount Expiration Date

_______________________________________________________Name as it Appears on Card

_______________________________________________________Billing Address (if different from left)

______________________________________________________Signature Date

Check fax registration to 816-523-4448

Seating is very limited: only 11 per workshop.

Questions, please call 816-523-4400 x 222.

Tucker One Properties, Inc.

www.TuckerOneProperties.com

115 E Gregory Blvd

Professional Housing Provider: PHP is a desig-nation program offered by member associationsof National Real Estate Investor Association.Members attend, received credit hours, andwork toward a PHP Certification. See PHP onthe MAREI web site for more information.

Finance: Owner Occupant 2 Hours Credit

Instruction on credit, conventional financing,FHA / VA Financing, and how to utilize financingto market your properties for sale. Will alsotouch on owner financing, lease option, andother seller financing options for Investors

Course is $25 : 8:30 am to 10:30 am

Finance: Investors 2 Hours Credit

Instruction including conventional financing, hardmoney loans, non-recourse loans, and other tra-ditional investor loans. Will touch on owner fi-nancing, subject to, and other seller financed op-tions for investor buyers.

Course is $25 : 11:00 am to 1:00 pm

Finance: Advanced Topics 2 Hours Credit

Instruction to include private lending, unsecuredlines of credit, self directed IRA. Will touch onsyndication, REITS, and SBA Loans.

Course is $25 : 2:00 pm

Take all 3 workshops for $69.Non-Members can take workshops for no PHPcredit for $35 a workshop. Saturday January23rd.


10/16

Membership Application / Renewal

Investment News


CONTACT INFORMATION Date:

NAME #1: NAME #2:

COMPANY NAME: _________________________________________________________________________________

ADDRESS: CITY: ________________________ STATE: __________

OFFICE PHONE: ______________________ FAX: _____________________ ZIP: ______________

EMAIL #1: EMAIL #2: _________________________________(need a good email address for each member to send your web site passwords)

PAYMENT INFORMATION

Select type of membership: ( ) Standard / $99 ( ) Business / $499 ( ) Add a 2nd Person $50

Pay as you go: ( ) For one, $19 start up, $10 a month ( ) Add a 2nd Person $5 start up, $5 a monthWith pay as you go you will be charged the start up fee with your first month and then the monthly fee on the 5th of the month eachmonth thereafter.

Please make checks payable to MAREI ( ) Check Payment Check # _______

( ) MC ( ) Visa ( ) Discover ( ) Am EX Expiration Date: _________

Credit Card #:

Billing Address: ________________________________________________________________________________Of Credit Card

PROFESSIONAL INTEREST

How did you hear about our association? __________________________________________________

Application for MAREI membership shall in no way be considered or deemed to be providing investment or financial advice and allapplicants agree to waive any and all claims against this organization. In no event shall the applicant seek to hold the organization,its officers, or directors liable; either directly, or as a principle or agent of any other member organization. Applicant releases any andall claims it my presently have or may have in the future. Memberships are not transferable or assignable. We reserve the right torefuse or cancel Membership. If cancelled a Pro-rated refund for unused portion of membership will be returned. MEMBERSHIP ISFOR ONE YEAR FROM THE DATE OF APPLICATION.

Applicant #1 Signature: ______________________________ Date: ____________Applicant #2 Signature: ______________________________ Date: ____________

Please mail completed forms & payment to:MAREI (attention membership)PO Box 8685Prairie Village, KS 66208Or fax to 816-523-4448Or Join Online on our secure server at www.MAREInet.com

For Office UseMembership Packet ______

Web Site ______Quick Books ______

Name Tag ______09.09.09

For Office UseMembership Packet ______

Web Site ______Quick Books ______

Name Tag ______09.09.09


11/16

Investment News


As we post new blogs, add new items to the web site, or

have important information on rules and regulations wewill be posting in the general section of the MAREI Mes-sage Board.

New Items added to the MAREI Library:

Sample Marketing Letters & Postcards

Brochure about Credit From Fannie Mae

Brochure about Financing from Fannie Mae

Power Point on Financing Non-Citizens

Power Point Notes on Crime Prevention in Rentals

Post on old items in the library

PDF booklet of Real Estate Forms

Property Walk Through form for inspection

Real Estate Investor Business Plan Several Robert Allen Books and More

Link to free training CD from Richard Roop

Florida Real Estate Investor looking to purchase smallmulti family properties in KS and her contact information.

Power Point Presentation on 1031 Exchanges

Home Rental Assistance Program to prevent Homeless-ness in Kansas City. Will pay up to 18 months of rent forqualified tenants.

Economic Outlook for 2010 from Realtor.org. Find out what

they think is in the cards for us this year. Then share with uswhat your thoughts are for the next year.

Question & Discussion on NOI, cash on cash, and ROI. See ifposter is figuring these numbers correctly and leave your com-ments.

Newsletter on last minute tax preparation for the end of 2009 tomaximize your tax deductions. Review this newsletter andshare with your CPA to make sure you are getting the maxi-mum deductions.

In The news topics

Realtor Resource Rally in 2010

NARs right tools right now

Gains in Existing Home Sales Short Sales Cautions

FREE trial of Kansas City Business Journal

Legislative Report

To access, go to www.MAREInet.com, look for MAREI Mes-sage Board under the member resources tab. Log in to sub-scribe and have posts come to your email and to become ac-tive on the board.

On the Message Board

MHDC First Place Loan provides up to 3% of the mortgage to cover down payment or closing costs or to re-

duce interest rate. Missouri. MHDC.com

NACA is a 15 or 30 year fixed purchase program to assist low to moderate income families in the Greater KC

Metro area. Offers 100% financing with no closing costs. Is not credit score driven and provides comprehen-

sive mortgage, credit, and budget counseling. No down payment with no PMI. Includes a $50 monthly fee to

the Neighborhood Stabilization Fund for 5 to 10 years that allows the borrower to borrow up to 3 monthly pay-

ments a year if they think they will be falling behind. NACA.com

Neighborhood Stabilization Program provides funds for down payment or closing cost assistance for pur-

chasing foreclosed property, HUD or Bank owned properties. For owner occupied only. HUD.gov

Research Medical Center Employer Assisted Housing Program is for any full-time employee of Research

Medical Center in good standing. The loan may be used for down payment or closing costs. Must live be-

tween Gregory and 57th Streets going north and south and between Chestnut to Holmes going east and

west.

Rural First-Time Homebuyer Program provides a $4,000 forgivable loan for down payment and or closing

costs assistance as well as rehabilitation assistance. Rural areas in Kansas. Call Utika Scales at 866-571-8155.

USDA Loans that provide 100% financing with no private mortgage insurance. rurdev.usda.gov

(Continued from page 3)
http://www.mhdc.com/homes/firstplaceloans/index.htmC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.naca.com/http://www.naca.com/http://hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/http://hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/http://www.rurdev.usda.gov/RHS/sfh/brief_rhdirect.htmC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.rurdev.usda.gov/RHS/sfh/brief_rhdirect.htmC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://www.rurdev.usda.gov/RHS/sfh/brief_rhdirect.htmC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Foldershttp://hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/http://www.naca.com/http://www.mhdc.com/homes/firstplaceloans/index.htmC:/Documents%20and%20Settings/Kim%20Tucker/My%20Documents/Accounting%20Folders


12/16

General Meetings: Members attend General Meetings for not additional costs

Workshops: Discounted pricing for members on all workshops

Professional Housing Provider: Professional designation

Library: Log in to access 100s of articles, ebooks, and documents.

Classifieds: Post your properties for sale or Rent, things for sale, job openings

Newsletter Archives: All of our newsletters, The Investment News, are archived in our library.

General Meeting Archives: General Meetings are recorded back to 2007.

Kinko's Discount: Discount card for 20% off regular priced prints.

Bandit Signs: 25 Free Bandit Signs, you pay shipping.

Vista Print: 30 to 75% coupons off print jobs or 250 business cards FREE.

FREE Trial Web Site: Test out a free web site for 10 days.

FREE Trial Web Site: Test out a free web site for 10 days.

Constant Contact: FREE 60 Day Trial

Go to Meeting / Webinar: FREE Trial & $10 off

Apartment Moves / Smart Moves: FREE copies for your clients

Avis & Budget & Enterprise Rent-A-Car: Car rental discounts

CybrCollect: FREE check collection.

Dearborn Publishing & Nolo Press: Discounts up to 40% off.

Rentals.com: Twenty percent discount on regular advertising prices.

REIARentals.com: Advertise your rentals & syndicate for FREE

Member Benefits

Investment News



13/16

First Advantage Safe Rent: Discounts on tenant screening.

The Home Depot: 2% biannual rebate program and volume discount pricing.

Humana One: Offering health insurance for self employed.

Office Max: Discounts of up to 65% off retail prices with card or special web site.

Sherwin Williams: Discount card for national contractor account. Discounts from 20 to 60%.

Solveras Payment Systems: Discounted automatic check transfer services.

Trak-1 Technology: Discounts on background checks.

Lead Paint Disclosures: Find these in our library to stay in compliance with the EPA.

Legislative Updates: Log into access legislative updates in the library from National REIA.

Landlord Tenant: Copies of the landlord tenant law for Kansas & Missouri.

8 Day Carnival Cruise: Trade Association cruise annually.

National Speakers: For top training and DISCOUNTS and BONUSES on their training materials.

Networking: Many opportunities to network with others in the industry.

FREE Membership: Refer 10 people who join and receive ten $10 credits to use for your next renewal.

Do you offer a great discounts our members could use?

Please contact us for local discounts and if you have a national discount, we can put you in touch with National REIA.

Membership Pricing

Standard Membership: $99 for one person or $19 for 1st month and $10 a monthly for pay as you go Add Additional Person: $50 per person or $5 for 1st month and $5 a month for pay as you go

Business Membership: $499 for up to two people includes ad in newsletter, listing on vendor page, and a benefitlisted on this page.

Member Benefits

Investment News



14/16

LOOKING FOR THE PERFECT

investment property orREO PROPERTY?

In the Kansas City Area?

Let Realty Resource be your one and only stop for:

www.RealtyResourceKC.comFor Investors by Investors

816-523-4400

HUD Property REO PropertyRehabs

Pretty HousesApartmentsSmall Multi-family

Chris Dawsonwww.lnvestInKC.com

816-392-9955Certified

REO Specialist

Paul Surleswww.metroREOSales.com913-488-7588

CCIM Candiate

Joe ReeceTuckerOneProperties.com816-523-4400 x 223

CCIM Candiate

Eric Deeterwww.Eric Deeter.com

913-579-3354Buyers Agent

Do you want to work withInvestor buyers and sell-

ers? Be listed here?

Call us to ask aboutOpportunities withRealty Resource &

Realty Resource of KC


15/16

REALTORSDo you have listings that:

Need Updates and Repairs? Are Upside Down on the Financing? Have Been on the Market for a While? May be in a Short Sale Situation?

JUST WANT AN OFFER TO GET THE

BALL ROLLING WITH THE LENDER?

SEND US YOUR [email protected]

SUBMIT ONLINE

www.kcmoHomeBuyer.com

OR CALL816-523-4447


16/16

Mid-America Association of Real Estate InvestorsPresents:

Financing Your BuyersPanel Q & A

Tuesday January 12, 2009

Sylvester Powell Jr Community Center6200 Martway, Mission, KS

6:00 pm Vendor Hall6:00 pm Networking6:00 pm Registration

6:30 pm Sub-Groups / Q & A7:15 pm Announcements

7:20 pm Business Card Exchange7:30 Presentation

Members No ChargeGuests $25 at door / Pre-register Online $15

Calendar

January 9th: Lees Summit Investor Breakfast

January 12th: General Meeting, Financing BuyersJanuary 23rd: Financing Workshops (PHP)January 20th: Northland Investor Lunch: tentativeJanuary 27th: Northland Evening Meeting: to be de-termined

February 9th: General MeetingFebruary 13th: Lees Summit Investor BreakfastFebruary 17th: Northland Investor Lunch: tentativeFebruary 20th: PHP Workshopsbe be announcedFebruary 24th: Tentative Evening Networking

Please see the Cal-endar of Eventsat .MAREInet.comfor complete detailsonline. Look forKansas City RealEstate Investorson Facebook,Linked In, and Meetup to receive event updates inyour inbox.

Invite a Friend to Attend

Do you have friends, family, and business as-sociates who would benefit by becoming amember either through the networking, theeducation, or one of the many discounts wehave to offer. Invite them to their very firstmeeting as your guest for FREE.

Give them this coupon from the newsletter (ormaybe the whole newsletter). They bring thecoupon to the door and fill out a guest registra-tion form and enter their first meeting for free.If they have attended before, they can preregis-ter online for $15, or cost at the door will be$25.

Guest Name:

_____________________________________

Referred By:

_____________________________________

You receive $10 MAREI Credits to be used formembership & events.

New Location

Sylvester Powell Jr Community Center

6200 MartwayMission, Kansas

Shawnee Mission Parkway to LamarNorth to Martway, East to property

Johnson Drive to LamarSouth to Martway, East to Property

Park in 2nd lot from Building on theNorth Side, meeting room just

Inside the north entrance doors