REDECEMBER 2017

T H I S I S S U E  Event Calendar

MAREI Member Benefits for 2018

Market Update

Business Directory

R E A L E S T A T E N E W S

New Director of CFPB

Bill to Repeal Dodd-Frank

Missouri & Jury Trial for Evictions

Missouri Advocacy Days

M A R E I . O R G

S P E E D   N E T W O R K I N G & T O Y S F O R T O T SBRING BUSINESS CARDS & TOY DECEMBER 12TH

N EW S L E T T E R O F M I D - AM E R I C A A S S O C I A T I O N

O F R E A L E S T A T E I N V E S T O R S

  N E W S INVESTMENT

*Accounts must be registered/enrolled through the website above to receive rebate credit. Registration instructions to follow. **Rebate payments

follows outlined in enrollment guide. $1000 will be paid with The Home Depot Gift Cards. *** - gift cards are provided to participants by NREIA not Home

Depot **Exclusions Apply. 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.

©2017 Homer TLC, Inc. All rights reserved.

Join the FREE Pro Xtra Program to receive: • 2% semi-annual rebate*

• Exclusive Pro-only savings including

20% off paints, stains, and primers**

• Volume Pricing on large orders across the store

• Dedicated national support team

• Bulk pricing discounts on thousands of items

• Flexible credit options with no annual fee

• Exclusive appliance program with custom

catalog for MAREI members

Sign up instructions in MAREI Member Benefit Guide.

You will find a list of other groups complete with links to details that

meet through out the Kansas City Metro area listed at 

MAREI.org/Calendar/Other-Groups

DEC MTG

FROM OTHER GROUPS >

THE CALENDARMARE I . ORG / CA L ENDAR

SPEED NETWORKING TO BENEFIT TOYS FOR TOTS

JAN MTG P U T $ 2 0 K I N T H E B A N K E V E Y M O N T H

Bring your business cards, your elevator pitch and a new unwrapped toy or gift card and come prepared to network with roughly 30 others in attendance.  We will have a quick 5 to 10-minute instruction as well as a way to connect with more online after the meeting.

Join us Tuesday,  December 12th from 6 pm to 9 pm.

Monthly meetings are held at the Holiday Inn at 8787 Reeder Road, Overland Park, KS.  The December MAREI meeting is free and open to the general public at no charge.  We do ask that everyone pre-register at MAREI.org and bring a donation for Toys for Tots.

 MASSIVE WEALTH - 2 DAY WORKSHOP WITH ROBYN

JAN WKSHP

Robyn Thompson is coming back to Kansas City on January 13th and 14th for a 2

Day Massive Income Workshop on Profiting with Rehab Flips  Building Passive

Wealth with Keeper Properties.   This workshop has special early bird pricing

through Sunday January 7th of $59 for members and  $89 for Non-Members and

both can bring a family member or business partner for $30.  Get Registered at

MAREI.org.

03RE INVESTMENT NEWS

Mailing Address:

6709 W 119th #332

Overland Park, KS 66209

Phone: 913-815-0111

Web: MAREI.org

Web: MAREIMember.com

Email: Kim@MAREI.org

Views and advertising expressed in the

RE Investment News are not necessarily

endorsed by Mid-America Association of

Real Estate Investors. The information

contained within should not be

construed as a recommendation for any

course of action regarding financial,

legal, or accounting maters by Mid-

America Association of REal Estate

Investors.

Email to inquire about advertising

oportunties or membership.

We are very excited at MAREI to announce that Robyn Thompson, “The Queen of Rehab”, will be our special guest speaker on Tuesday, January 9th at 7:30 PM. Robyn has visited our group many times over the years and each time she delivers something very powerful and special. This meeting will introduce you to Robyn's way of investing in junker houses and bringing them back to their glory, to sell and make a profit.

Monthly meetings are held at the Holiday Inn at 8787 Reeder Road, Overland Park, KS.  Meetings are FREE for Investor Members and First Time Guests who pre-register.  all others will pay $25 at the door or $15 when they pre-register in advance.  Register at MAREI.org.

04 RE INVESTMENT NEWS WWW.MAREI.ORG

BILL INTRODUCED TO REPEAL DODD-FRANK

real estate news

the Dodd-Frank Wall Street Reform and Consumer Protection Act.  With nearly 20 co-sponsors on both sides of teh aisle, that is supported by the Mortgage Bakers Association, the Independent Community Bankers of America, and the National Association of Home Builders.

While this would roll back regulations from the industry, some experts see it as a dangerous step. The Center for Responsible Lending, the National Community Reinvestment Coalition and the National Consumer Law Center, announced opposition to the bill.

After Richard Cordray, the Consumer Financial Protection Bureau director since 2012, stepped down in Mid-November, President Trump announced the appointment of OMB director Mick Mulvaney (previous co-sponsor on the Seller Finance Enhancement Act) to become acting director of the agency on top of his duties with OMB. Subsequent to that President Trump’s announcement, then deputy director of the CFPB, Leandra English voiced her concern over the appointment.

There is a fight brewing over the ability of this appointment, but for now Mulvaney is the acting director and outspoken opponent of the CFPB,

NEW DIRECTOR OF CFPB

The Senant Banking Committee introduced Senate Bill  2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, contains policies which would roll back or eliminate key parts from 

ANNOUNCING:  MISSOURI VACATION HOME ALLIANCE Short Term Rental Owners are already facing a fight.  In places like Stone and Taney County our tax status is changing from Residential to Commercial in 2018 and your bottom line will be affected if you do nothing. In places like Marilyn Heights in the St Louis area a fight is waging to stop the complete banning of Vacation Rental properties.  Municipal Officials all over our state are feeling bold by their 

004RE INVESTMENT NEWS

ability to enact regulation that will continue to damage and discourage this industry.

If you own short term rentals or plan to in the state of Missouri we encourage you to get involved. Visit www.MoVacationHomeAlliance.com.

The Missouri Supreme Court on Tuesday saidparties in a landlord-tenant dispute have a right to a jury trial at the associate circuit level. The case stems from a lawsuit filed in 2015 by St. Louis apartment company Brainchild Holdings LLC alleging that a tenant, Stephanie Cameron, was behind in her rent and seeking to evict, the court denied Ms Camerons right to Jury Trial.  ON appeal, the MO Sureme Court agreed with Ms Cameron in a 7-0 decision and remanded the case for trial by jury.

This is going to be a huge change for landlords, their attorneys and the courts.  What those changes will actually be remains to be seen.  It is reasonable to believe that costs will increase; it is reasonable to expect timing of setting cases for hearing to lengthen.  

MISSOURI SUPREME COURT UPHOLDS TENANTS RIGHT TO JURY TRIAL

05

05

landlords.  If you are a member of any of these organizations you are also a member of Missouri POA.  Not a member of one of these organizations you can join as an individual or bring your own association to join.  

Missouri POA has scheduled it's Advoacy day where participating members will converge on the Capitol Building in Jefferson City and meet with legisaltors to share their support of Missouri POA's legislative agenda. 

To become a member of Missouri POA, to learn more about membership or to volunteer to take part in the Advocacy Day, please visit www.MissouriPOA.org

Missouri POA's advoacy day conincides with the first day of the Missouri Realtors Capitol Conference and provides a great opportunity to meet with legislators and to get involved.

MISSOURI PROPERTY OWNERS ADVOCACY DAY SET

The Missouri Property Owners Association is seeking members and participants.  Tasked with protecting the rights of property owners in the State of Missouri their legislative agenda for 2018 includes a bill to limit cities rights to require landlord licesning and interior insepctions as well as to stop city owned utility companies from charging the property owner with a rental tenants unpdaid bill.  They are seeking individual and assoication members.  Current Association members include:  Landlords of Eastern Jackson County, Metro East REIA, MAREI and Butler County

SPEED NETWORKING HOW TO GET THE MOST OUT OF THE EVENT

by Kim Tucker

Speed networking evolved from speed dating.  It is  a model of meeting a lot of people in a short amount of time.  The set up usually involves a bunch of people paired off and given 1 to 2 minutes to each share their elevator pitch and at then moving on to the next pairing.  This gives you a very short amount of time to share what it is that you do, or need or have and it allows you in a little over an hour the opportunity to meet with about 30 to 40 people.

For the December 12th MAREI meeting, we expect about 120 people in attendance and we are have from 7pm to 9pm to not only have our introductions and instructions, but also a 10 minute mid-way break at about 7:50.  That give us just under 90 minutes for our 

remember your pitch of who you are, and what you want to share will keep you on task.  Possibly have two or three pitches to test out depending on the person you are speaking.

Have Questions to Ask:  Your potential partners may not have prepared as well as you or maybe shy, so having ready questions ready to go, will help you stand out.  Things like “Where do you need help?  What type of deal are you looking for?

Come Prepared.  In a little under 5 minutes there is no way you can share your life story and work history.  Bring a business card or flyer on your business to exchange.  And bring a pen ready to take a few notes on the back of the business cards you receive.

speed networking.  If we provide each person with a 60 second pitch we can talk with about 45 people and if we provide each person with 90 seconds, we can speak with 31 people.

Tips to Make Speed Networking Productive

RSVP for the Event:  The promoters putting on the event have to make sure there is time and tables for everyone, so letting them know you are attending in advance will help them prepare.

Know Why You are There:  Are you testing out new messaging.  Looking for deals, funding, byers.  Knowing what you hope to accomplish will help you stay focused.  

Know What You Will Say.  Having a short cheat sheet so you can 

06 RE INVESTMENT NEWS WWW.MAREI.ORG

08

Follow Up. In the days that follow the event, follow up with your new connection.  Send them a brief email telling them how good it was to have met.  Follow up on any notes you may have taken at the event and continue to nurture the relationship into the future.  You may find a hot prospect at the event or it may be that you need the services of the people you meet a bit into the future and vice versa.

Travel Light:  It is important to remember you will be talking, a lot and that you will be moving a lot.  We suggest leaving items that you just don’t need at home or in the car such as a backpack, briefcase or purse.  You will need your business cards and a place to keep them, a place to put cards you 

private lender in the future . . . a partner . . . mentoring?

I see you have done a lot of renovations on houses, do you ever have need of a contractor, flooring, . . . what ever service you offer?

I see you wholesale a lot of house, how can I get signed up on your list?

I see you buy a lot of houses, would you like to be added to my buyers list?

I am really new to investing, who is the best person you recommend here at MAREI for me to meet?

Would it be possible for me to follow up with you via email / phone later ?

collect, a small notepad and pen and we suggest a bottle of water. 

Sample Speed Networking Questions to Ask

When you show a real interest in your partner at a speed networking event will help you form connections.  By listening carefully to what they have to say and having a follow up question will show that you are listening and understanding.

You don’t have a lot of time, so having a few key questions you have reviewed and practiced in advance is helpful.

I am intrigued by the projects you have done, would you be interested in a 

07RE INVESTMENT NEWS • PAGE

Toys for Tots DonationsOver 97% of your donations go to Toys for Tots mission of providing toys,

books, and other gifts to less fortunate children. Less than 3% is spent on

fundraising and overhead.

To donate we suggest any new unwrapped toy that you would buy for

your own child or grandchild. You can donate to any local

area drop off, we suggest the December 12th MAREI

Meeting.

If you would like to make a monetary donation, we will

be accepting cash at the meeting or you can donate

online right now at www.ToysforTots.org.

MEMBER

CONNECTIONS

Monthly Meetings

Volunteer Opportunties

Specialty Groups

PROFESSIONAL

DEVELOPMENT

Digital Member Library

Educational Meetings & Events

Code of Ethics

Professional Housing Provider Standards

National REIA University

PROFESSIONAL

SERVICES

Local Vendors

National Vendors

LEGISLATIVE

ADVOCACY

National Real Estate Investors Association

Missouri Property Owner Association

Grass Roots Efforts

M E M B E R B E N E F I T S

MONEY SAVING

DISCOUNTS

1-800-GotJunk:  10% Discount

BedBugscom:  10% Discount

BuildASign.com:  Discounted Sign Packages

CallFire.com: Discounted Minutes

ConstantContact.com:  Free Trial

Equity Trust Compan:  Free Training & Discounts

Home Depot 2% Rebate All Purchases

Home Depot:  20% Off Paint

Home Depot:  Appliance Discounts

Home Depot:  15% Off Hampton Bay Cabinets

InvestorCarrot.com:  Discounts & Free Training

Local Market Monitor:  Discounts

Office Depot / Max:  In Store Discount Card

Office Depot / Max:  Online Discount Account

Office Depot / Max:  Online Printing Discounts

Partnership/FedExOffice:  Discounted Shipping

Partnership/FedExOffice:  Discounted Printing

PatLive.com - Free Trial & Discounts

Realeflow.com: Free Trial & Discounts

RentPerfect:  $9 sign up savings

RingRing.com:  20% Discount

To access all of your member benefits, please log

into www.MAREIMember.com and download the

Member Benefits Guide.

The Member Benefits Guide highlights all the tools

and services available to help you become more

profitable, professional and successful as a real

estate entrepreneur.  You local benefits, paired

with those offered by Missouri Property Owners

Association and National REIA provide you with a

powerful set of tools to build a solid real estate

investing business or to grow your real estate

related service business or small business.

If you need any assistance with any of the member

benefits, be sure to email kim@MAREI.org.

MEMBER

COMMUNICATION

MAREI.org Blog

MAREIMember.com

RealEstateInvestingToday.com

Weekly Email Newsletter

REInvestment News 

RE Journal from National REIA

Facebook.com/MAREInet

Twitter.com/MAREInet

MAREI.org/LinkedIn

MAREI.org/YouTube

ONLINE

CONNECTIONS

Facebook.com/groups/kcreicebook.com

Meetup.com/KCREIGroups/

ConnectedInvestors.com/group/kansas-city-

real-estate-investors

UnitingInvestors.com

STARTER INVESTOR

WEBSITES

Market Properties

Connect with Buyers and Sellers

MEMBER

DASHBORD

Manage Your Membership

Manage Your Events 

Track your PHP Credits

Connect through Member Profiles

09RE INVESTMENT NEWS • PAGE

MARKET UPDTATE October 2017

3,056homes sold

-0.6% Decrease from 2016

55average days on

market11.3 % Decrease from 2016

97.2% of asking price0.6% Increase over 2016

$13k$13,182 average

sale price

increase from

same time

last year (6.1%)

3,285pending sales13.7% Increase over 2016

7,665houses for sale 16.9% decrease

2.9 month supply

a 17.2% decrease

average: $228,700

median: $190,000

It has been several months since news cycles have touched upon housing in any sort of

sensationalistic headline grab that was common during the boom-and-bust atmosphere of a

decade ago. During that tumult, heady price increases gave way to a Great Recession and

foreclosure crisis. Then we entered into a period of healing and eventual recovery that we are

still enjoying. For residential real estate in 2017, fewer headlines have meant mostly good

news.

Although inventory levels are low in many markets, there has largely been enough listing and

building activity, or at least conversation about future activity, to keep prices from skyrocketing

toward another bubble. Low affordability has started to become a recent topic of conversation

and is definitely worth watching. But with a healthy economy, level of demand and

the national unemployment rate, sellers are going to be hard-pressed to lower prices.

For further detail see http://www.kcrar.com/statistics

New & Existing Combined

Data from

11RE INVESTMENT NEWS • PAGE

MAREI.orgCLICK ON

VISIT

business associatesBuild Your Team

EXPAND YOURBUS INESSWITH MARE I

40,000professionals

National REIA 595 MAREI Members

4 membe r bene f i t sdesigned to promote

c o m m u n i t yN 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

5Key Investing Areasfor members to share knowledge

Rental : Rehab : Wholesale : Notes : Creative

30+local and national service providers many with discounts

PROFESS IONAL

housing provider

CERTIFICATION

$750Average Member

S A V I N G S

$500 Average Home Depot Rebate

$100 Average Saving Office Depot

$100 Saving on 5 Training Events

$50 Savings on Other Benefits

People / Networking Priceless

Deal Connections Priceless

JOIN TODAYmembe r s h i p

$99 Annually

marei.org