28
Investment News MID-AMERICA ASSOCIATION OF REAL ESTATE INVESTORS July 2011 NETWORKING : EDUCATION : COMMUNITY DO YOU HAVE ALL OF THE YOU NEED TO FOR YOUR INVESTMENTS? Attend my 1 day workshop on the 23rd!

The Investment News: July 2011 Newsletter

Embed Size (px)

DESCRIPTION

The monthly newsletter for Mid-America Association of Real Estate Investors. A Real Estate Investing Trade Association based in the Kansas City Metro Area. Find us online at www.MAREInet.com.

Citation preview

Page 1: The Investment News:  July 2011 Newsletter

Investment News MI D - A ME 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

July 2011 NETWORKING : EDUCATION : COMMUNITY

DO YOU HAVE

ALL OF THE

YOU NEED TO

FOR YOUR

INVESTMENTS?

Attend my 1 day

workshop on the 23rd!

Page 2: The Investment News:  July 2011 Newsletter

Page 2 MAREInet.com

BUSINESS MEMBERS

ADDRESSING THE NEEDS OF

THE REAL ESTATE INVESTOR

marei

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.

Look in under the Toolbox tab under “Service Directory”.

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

Realtor Realty Resource KCInvest.com 816-523-4400 Kim Tucker

Supplier Canyon Stone Canyon-Stone.com 913-254-9301 Matt Puckett

Title Accurate Title Company AccurateTitleco.com 913-338-0100 Jackie White

Wholesale kcmoHomeBuyer kcmoHomebuyer.com 816-200-2198 Don Tucker

http://mareinet.com/marei-tool-box/business-associates

Page 3: The Investment News:  July 2011 Newsletter

Investment News Page 3

Features ׀ July 2011

10

So we need funding, we

have learned about private

lending and we have been

warned that the SEC is going

to get us. What are the real

facts.

12

Following along, we have purchased or been to

training events where we are suggested to buy lists

of potential private lend-ers. Be ware. What they

don’t tell you.

In This Issue

MAREI Business Members 2

MAREI Staff 5

Notes from Director 6

How long is the wait to buy after foreclosure 8

SEC Questions and Private Lending 10

Private Lending, the List Peddlers 12

Rehab Bid Software from Home Depot 16

New Meeting Location 18

Training Events 20

Calendar 22

Update your Profile 24

Classifieds 25

From Cells to Sales 26

Contents MAREI News

Page 4: The Investment News:  July 2011 Newsletter

Page 4 MAREInet.com

MAREI Notes

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 Disclaimer MAREI 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 Disclaimer The 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.

Advertise in the Investment News

Rate Schedule

Size Non-Member Member Business Associate

Full Page $175 $140 $115

1/2 Page $145 $105 $85

1/4 Page $75 $65 $50

1/8 Page $55 $35 $25

A 10% discount is given on ads pre-paid for 6-12 months. Any changes to a pre-paid

ad will incur a minimum charge of $20. The deadline to submit ad copy is the 1st of

each month. All ads must be prepaid. Contact to verify ad format can be accepted.

PDF preferred. There is an additional charge of $25 to typeset a business card ad or

1/4 page ad layout, $60 for a 1/2 page or full page lay-out. Opportunities also exist for

advertising on www.MAREInet.com. Call 913-815-0111 for more information. Email

ad copy to [email protected]. Mail payment to MAREI, PO Box 8685, Prairie Vil-

lage, KS 66208 or request an online payment for to use credit or debit card.

Carl Wachta

Talk Fusion

Special Guests

From the ReStore

Page 5: The Investment News:  July 2011 Newsletter

Investment News Page 5

MAREI Staff

Kim Tucker 816-523-4400

Director

[email protected]

Don Tucker 816-523-4400

President

[email protected]

Steve Burns

Audio Visual

[email protected]

John Welchert

Meeting Ambassador

816-268-3849

Larry Prato

Commercial Subgroup

913-227-4693

Spencer Cullor

Commercial Subgroup

913-324-5900

Dan Goodwin 913-642-5218

Meeting Ambassador

[email protected]

Shelda Goodwin

Meeting Ambassador

[email protected]

Scott Tucker

Meeting Ambassador

[email protected]

Page 6: The Investment News:  July 2011 Newsletter

found their members really enjoyed was a market

watch update at each meeting. We have wanted to

add this to our meetings say from 5:30 till 6:00, but

we have not yet been able to implement this. We

would love to find a person who would want to work

with us to track the data, provide it on the website and

present it at the meetings. If this might be you, please

contact me.

We had a bunch of folks across the country who

graduated from the Professional Housing Provider

Program. Their leaders were provided certificates

from National REIA and Pins to provide the graduates.

Our organization also walked away with two Honors of

Merit in the Awards Portion of the meeting for our

Electronic Communication (our weekly email update)

and for our Member Development (the Digital Mem-

bership Package)

We also talked about a lot of benefits and added three

new ones for the Kansas City area. So in addition to

all the great benefits we already have, look for a dis-

count card coming soon from Roto Rooter. We have

added 360 Real Estate Websites as a service provider

and you will find information about their sites on the

blog. Last we have a new marketing arm for the old

UFirst Financial. The provider is out of Ohio and is

looking for a local person to work

with her here in Kansas City as

the direct marketer to MAREI.

Until that person is found, we will

be working via webinar and tele-

seminar to find out how to pay

our home mortgages off in half

the time..

Kim Tucker

Director of MAREI

Wow, what a month. I spent 4 Fun Filled Days in Nash-

ville at the National REIA Mid-Year Leadership Conven-

tion. This is one of those times each year that all the

leaders of all the groups like MAREI gather together to

learn. I always come away with so much information,

that my head is about to explode for at least two weeks.

So let’s take a quick look at stuff that is coming or is al-

ready out there.

We talked about how to keep our membership prices

affordable. Many of the other groups offer monthly or

quarterly recurring payments on membership in addition

to the annual option to allow people of all budgets to be

able to afford to be a part of the group. We just added

both to the website. Look for $12 monthly fee or $30

quarterly.

We also talked a lot about ways to

market our events at the groups. And

most of the members don’t really

want to promote an event, the exact

same concepts could be used to mar-

ket our businesses. So look for more

information on these presentations

coming to the MAREI member library

in the next few months.

One of the items that other groups

Director’s Notes

Page 6 MAREInet.com

Page 7: The Investment News:  July 2011 Newsletter

Investment News Page 7

Page 8: The Investment News:  July 2011 Newsletter

Page 8 MAREInet.com

How Long is the Wait to

Buy After Foreclosure

In the past three years the Mortgage Crisis

has hurt the credit of many Americans, but

these problems will not necessarily keep one

from buying a house forever. Just because a

home has been lost to foreclosure, given

back through a deed in lieu of foreclosure,

sold as a short sale, does not mean that own-

ing a home is out of reach forever.

In order to move forward, taking steps to

clean up credit is a must, not only to be able

to eventually buy a house again. But also

bad credit from these mortgage troubles can

make it more expensive to do just about eve-

rything: rent a property, get insurance, get

new credit and it can even make it hard to

get a new job.

So when we are working with motivated

sellers facing foreclosure it is important for

them to explore how a foreclosure, deed in

lieu, or a short sale will affect their credit.

If they are good at paying their bills, but

need to sell. Have not been late yet, allow-

ing a short sale will be much easier to re-

cover from that the deed in lieu or foreclo-

sure. If they are behind and late on every-

thing including the mortgage, then the

short sale may not be that much more

beneficial.

Next they will probably want to speak with

financial advisors to see how the mortgage

issues combined with bankruptcy will affect

their credit and how long it will take to re-

cover from each issue, but again the best

Attend the July MAREI Monthly Meeting to find out what you can do to help your buy-ers and sellers in the new credit market..

Location: Career Education Systems, Ward Parkway Shop-

ping Center. 8600 Ward Parkway, Suite 130

Date: Tuesday July 12 : Doors open at 6:00

Cost: Members FREE, Guests $25 at the Door or Pre-Register for $15. See more & Register online.

PHP: 1 Credit Finance PHP, members only, must be pre-

registered through the website to receive credit.

Don’t miss this event!

Monthly Meeting 1

PHP

CREDITS

Donna Perkins

KC Credit Services

www.KCCreditServices.com

(816)-421-8001

(877)-655-8001

Page 9: The Investment News:  July 2011 Newsletter

Investment News Page 9

speaker

agenda

The July 12th Monthly MAREI

meeting will host Donna Per-

kins from KC Credit Services.

Join us to find out more about

the helping your clients in the

new Credit Market after Fore-

closure, Short Sales, and Bank-

ruptcy.

Time Frames for how long

after an event before they

can get financed.

Establishing New Credit

Cleaning up Incorrect Credit

Living Down Bad Credit

Things YOU as an Investor

can do to help.

If you buy or sell houses or

work with buyers or sellers in

this market, you need to be

very well versed in the correct

information when it comes to

credit. The more you know, the

better prepared you will be to

assist your buyers and sellers

and put more money in YOUR

pocket.

course of action will depend

on the person. If the mort-

gage is the only issue, climb-

ing out of bankruptcy can be

hard. Yet if they have the

foreclosure and a ton of other

bills, they may want to con-

sider bankruptcy so they can

at least start at zero debt with

bad credit, rather than bad

credit and a mountain of debt.

Next we have our sellers who

are going to be our are now

becoming our buyers. We

need to educate ourselves as

to the guidelines as to how

long after each mortgage is-

sue before one can obtain a

new home mortgage.

Fannie Mae and Freddie Mac

require a two year wait after

short sale, deed in lieu or dis-

charge or dismissal of bank-

ruptcy and three years after

foreclosure when the borrower

has had extenuating circum-

stances like illness, divorce, or

job loss. On the other hand if

these extenuating circum-

stances do not exist, these

waits can be up to four years

after bankruptcy and seven

years after foreclosure.

If one is looking to purchase

using an FHA insured loan,

then the wait is three years

after foreclosure and two

years after bankruptcy assum-

ing the borrower is paying

bills on time after the mort-

gage issue. After a short sale,

the wait is 3 years if the bor-

rower was in default at the

time of the sale and no ex-

tenuating circumstances. If

the short sale occurred and

the borrower was on time with

all payments for 12 months up

to the sale, there may be no

wait at all for FHA.

So there is a lot to know in

this market. As real estate

professionals that work with

motivated sellers who might

be considering a default or

short sale we need to know

the basics to advise them and

have a few professionals for

them to ask question when

they are deciding what to do.

Further for those of us who

are working to sell homes, we

are going to find quite a few

people that were good credit

risks until the lost their job,

got sick, got divorced, etc and

could no longer own their

home and lost it through fore-

closure, deed in lieu, or short

sale and may have had to re-

sort to bankruptcy as well.

Understanding the time lines

and steps they can take to es-

tablish new credit will make

you stand out over your com-

petitors. We invite you to at-

tend the July 12th MAREI

meeting to take a bunch of

notes and to call on our guest

speaker Donna Perkins in the

future as your expert in the

field to help your clients.

Our Tuesday July 12th meet-

ing qualifies for PHP Credit for

members who pre-Register

and who attend will receive a

free copy of Building a Better

Credit Report from the Federal

Trade Commission plus a few

other FREE E-Books.

Page 10: The Investment News:  July 2011 Newsletter

Every now and then, I have students ask me

if my home study system is compatible with SEC

regulations...

Yes, it is compatible.

I realized, for the benefit of my students, I

needed to address these folks concerns.

While speaking all over the nation, meeting

thousands of real estate investors the past cou-

ple of years and getting ask these same SEC

questions, I realized that there is a lot of confu-

sion concerning SEC regulations vs private lend-

ing.

The confusion seems to arise because of the

following:

1. Each state establishes their own regula-

tions and exemptions. Therefore there

are different guidelines depending on

where you live.

2. If you cross state lines with your private

lending, i.e. houses in one state and

lenders in another, the Federal SEC

regulations come into play.

3. There are a lot of half truths floating

around and when people hear these,

they get confused and possibly fearful.

To be better equipped to answer everyone's

questions, I decided to hire and attorney to do

some research. What I found was that each

state is able to establish their own regulations,

but they all have the same pattern. So I’ll use

my state of Ohio as a model to explain what is

typical for all states.

1. In Ohio I can acquire up to 10 private lend-

ers without having to file anypaperwork with

the state. Once I file the proper paperwork

my number of lenders is unlimited. Different

States have different numbers and most are

higher than Ohio.

2. As long as my properties and lenders are in

Ohio. Just the state regulations apply. If I

have lenders and or houses in different

states then the federal SEC regulations ap-

ply.

3. If I go over 10 lenders, the paperwork I need

to file with the state is very simple.

4. I need to give a disclosure statement to po-

tential lenders.

5. Can't pool lender money but I can if I file the

proper paperwork.

6. Can't use the word 'guarantee' in my adver-

tising.

As a side note, some of you are under the

impression that the SEC is out to cause you

problems. The SEC is not the bad guy; they are

looking for the bad guys. They want legitimate

business owners to prosper. They are very will-

ing to help you if you just ask. They just want

you to comply with their regulations.

What is a security?

The term "security" is broadly defined to

mean "any certificate or instrument, or any oral,

written, or electronic agreement, understand-

ing, or opportunity, that represents title to or

interest in, or is secured by any lien or charge (Continued on page 11)

SEC Questions

& Private Lending

Page 10 MAREInet.com

Page 11: The Investment News:  July 2011 Newsletter

upon the capital, assets, profits,

property or credit of any person

or of any public or governmental

body, subdivision, or agency."

That's the language used on

the website of the Ohio Division

of Securities. This definition in-

cludes such common items as

shares of stock, warrants and

options, promissory notes, mem-

bership interests in limited liability

companies, bonds and deben-

tures. Limited partnership inter-

ests are considered to be securi-

ties, while general partnership

interests are generally not con-

sidered to be securities. The

statutory definition additionally

includes the term "investment

contract," which has been con-

strued by court decisions to in-

clude numerous investment op-

portunities and business opportu-

nities, which at first glance may

not appear to fit within the defini-

tion of "security."

Does that mean private lending

may be considered securities?

When you are borrowing

money from private lenders, you

are offering them a security.

You're making an IOU to them,

by borrowing their money and

promising to pay them a fixed

interest rate over a certain time

period or when the sale of a prop-

erty is concluded.

When a company sells shares

or stock, it's giving the purchaser

of the securities an ownership

interest. Shareholders make

their money when they get divi-

dends on their investment or

when they sell their stock. Pri-

vate lenders are lending you

funds and they make their money

by receiving the interest rate

you've promised them.

All states allow securities to be

offered to lenders when they are

either registered or offered under

a proper exemption from registra-

tion. Securities laws do define

debt as a type of security. This

means that your business has the

same kind of opportunities as

businesses that sell shares of

their company to the public. It

also means that securities laws

and regulations apply to the busi-

ness.

Alan Cowgill is a speaker, author,

and real estate entrepreneur. Alan

has bought or sold over 200 in-

vestment properties. His step-by-

step system “Private Lending

Made Easy” teaches others to find

private lenders. Please be sure to

be present at the One Day Private

Lending Workshop on Saturday

the 23rd in Kansas City listed be-

low to find out more about SEC

Compliance.

Learn more about Private Lending Right now, visit Alan Cowgill’s website: click here and check out his Saturday Workshop in July

Where: Career Education Systems in the Ward Parkway

Shopping Center

Date: Saturday July 23 : 9 am to 3pm, lunch included

Doors open and check in at 8:30

Cost: Members $29 / Non Members $49 through 07/18

After 7:18 Members $49/ Non Members $69

PHP: 5Credits Financing PHP, members only, must be pre-registered through the website to receive credit.

Private Lending Training

Learn More

Investment News Page 11

Page 12: The Investment News:  July 2011 Newsletter

Page 12 MAREInet.com

- You need to produce your advertising.

- You need to submit all of this to the Securities

and Exchange Commission in your state

- That needs to be certified by the SEC and THEN

you can go advertise to the list

HERE are the rules…

You can borrow private money from folks that you

have a prior relationship with. You can not advertise

to get private money from strangers unless you have

registered with your states Division of the SEC. I.e.

you buy a list of strangers from The List Peddlers

and then what? You must register but since you are

not told and trained by The List Peddler, you think it

is hunky-dory just to contact/advertise to these pri-

vate lenders. It’s not. Look, you are dancing with a

gorilla (the SEC) and they are leading. Think of it

this way. If you hate the thought of an IRS audit, the

IRS is a pussy cat compared to the SEC.

You must follow the rules. The good thing is that the

rules are easy. My charge against these List Ped-

dlers is that they are unsafe and bad for our industry

because they are misleading their customers by giv-

ing them only half-truths.

My goal?

My goal is to deliver THE WHOLE TRUTH, not

HALF TRUTHS you get from The List Peddlers.

I want you to be wealthy beyond your wildest

dreams. But that is worthless if you lose your real

estate empire because you failed to take the simple,

proper steps to be in compliance with the SEC.

(Continued on page 13)

Something new is happening in the field of real es-

tate and, to be more specific, how to get money to

fund deals with private lenders.

One of the keys to being successful with private

lenders is how to find them. I’ve found 16 ways.

Eight I use to attract family, friends and associates

and eight I use for attracting strangers to become

private lender.

That brings me to what is new in our industry. A

couple of new real estate trainers (we’ll call them

“The List Peddler”) stumbled onto a list that is gen-

erated and updated monthly by state with a new list

of private lenders that have loaned money in the

previous 30 days.

That sounds real appealing doesn’t it?

Sounds easy and simple.

Get a list of fresh hot private lenders that live in

your state, market the heck out of them and hope-

fully find someone to loan you free money.

At least that is what The List Peddler led you to be-

lieve.

BUYER BEWARE!!! The List Peddlers are gone

with your hard earned $$$ and you are up to your

butt in legal fees because they (the List Peddler)

aren’t giving you THE WHOLE STORY.

What’s wrong with that picture? These guys are

low.

HERE is the bottom line;

- You are not allowed to just go advertise for

lenders.

- That is a violation of SEC regulations

- There are forms to fill out first (I give these

forms to my students)

Private Lending

The List Peddlers

Page 13: The Investment News:  July 2011 Newsletter

Investment News Page 13

I had to make a decision early on as

a trainer if I should deliver the whole

truth when it comes to private lend-

ing. It was really a no-brainier. I did

what no one had done before me or

after me and that was to do what-

ever is necessary to deliver accurate

and timely information on the SEC

to make sure my students HAD IT

ALL.

Frankly I am concerned by what The

List Peddlers are creating in our in-

dustry and their lack of ethics could

cost you dearly. Understand it is

YOU, NOT THE LIST PEDDLER

that takes the hit.

For example: let’s say a List Ped-

dler’s customer advertises then gets

in trouble with the SEC. The cus-

tomer decides to tell the SEC where

they got the list. The SEC gets The

List Peddlers list of customers. Now

the SEC is knocking on your door

because you are on The List Ped-

dlers customer list. Dancing with a

gorilla and it is an ugly dance.

So how can I help you? Let me give

you five simple questions to ask The

List Peddler to see if they are on the

ball…

1. How would you market to this

list? If the List Peddler fails to

say register with the SEC,

RUN!!!

2. What are the steps to take when

you register with the SEC? If

they don’t know in detail, RUN!!!

3. Do you supply the proper forms

for my state so I can register? If

their answer is anything but yes,

RUN!!!

4. Can I use my real estate attor-

ney to file with the SEC? If they

say yes, RUN!!! They are clue-

less.

5. Do I need to handle things differ-

ently if the property is in one

state and my lender is in a differ-

ent state? If they say no, then

RUN, RUN, RUN!!!

If they say yes, then do a follow-up

question on what forms they use.

Now I provide my students this list of

private lenders as well but the huge

difference is NO ONE is given this

list unless they have my Premium

System. Why is this? Because in

the premium system I give them the

exact steps and tools to keep them

safe.

So is selling the list a bad thing?

Heck no. It is great. That’s why I

have it in my system. What is BAD,

very bad, is that you, the student,

don’t get the facts from the List Ped-

dler to protect yourself. You are not

told the other side of the story &

frankly the most important part that

you MUST be in compliance with the

SEC.

I offer the list to my students but I

offer the WHOLE PICTURE. The

l i s t ,

p r o -

cedures, forms and education to

make sure you are safe. More in a

minute on this.

In fact, I think the list is so valuable,

I give it away for FREE.

HUH?

Yep, you heard me right. FREE to

my new customers. No money grab

here.

You see the real value is not in this

list of strangers. The real value is

this…

1. Keeping you safe by under-

standing and providing you with

the LAW.

2. Tools and training so you can be

a private lender assassin. I.e.

attract private lenders at will be-

cause you are professionally

trained.

Question: What if your list source

dries up and you can’t get a new

list? Well the answer is you need to

be a trained assassin on finding pri-

vate lenders.

Look, new doesn’t mean better.

Some of these List Peddlers weren’t

teaching private lending 2 years ago

and just because they are now good

with social media and internet mar-

(Continued on page 14)

WORKSHOP BONUS The first 50 people to Register for the

Saturday July 23rd One Day Private

Lending Workshop will Receive a

FREE copy of “How to Get all the

Money You need to Buy Property.’

Only 20 spaces left to receive the free

book!.

Page 14: The Investment News:  July 2011 Newsletter

Page 14 MAREInet.com

keting doesn’t make them better. It

just makes them internet savvy to

get your bucks. Make sure they

have the experience, ethics and the

SEC research to deliver the goods.

I.e. the WHOLE PICTURE to keep

you safe.

Now let me tell you a little known

secret…

- Unless these List Peddlers get

my systems and try to learn,

then teach, the SEC regulations

to you OR they pony up by

spending the big bucks for the 6

years like I have for an SEC at-

torney to research EACH

STATE and Canada, talk to SEC

regulators in many of the states

to get to the source, then the list

peddlers will continue the money

grab while JEOPARIZING your

future.

- Why 6 years? Because I con-

tinually update my systems. I

want to point out that this is not

a data dump, but an ongoing

process once you step up to the

commitment. In fact, I paid a

webmaster to set up an SEC

forms download so I can update

my SEC student data at will. Is

that costly? Yep, but I do it for

my customers.

The List Peddlers gloss over the

important stuff. For example, one of

my students sent me a List Ped-

dler’s presentation. The List Ped-

dler never broached the topic of the

SEC. What is wrong with that pic-

ture?

I had another student tell me one of

the List Peddlers told them they

don’t need to file with the SEC to

use the list. WRONG!!!

My systems are current, accurate

and cover the full scope of borrow-

ing money from private lenders

safely. I’ve been so aggressive on

the topic of the SEC that my SEC

attorney boasts that I bought his

new house with all I’ve spent on

SEC research. He kinda smiles

when he says it, but he’s not joking.

He is correct because I’m that dedi-

cated to keep my students safe.

Let me share with you the exact

steps I’ve taken for my students.

1. Created a 496-page home study

system that covers the SEC

from A to Z for the whole United

States. There are 996 forms!

Eight audio CDs explaining the

whole process of private lend-

ers, real estate investors and the

easy steps to be compliant with

the SEC. It is called “The Real

Estate Investors Bible To The

SEC”. There is nothing on the

planet that comes close to this

home study system.

2. Created a 60 page manual

called SEC Compliance Q&A

Manual that gives a great over-

view of the SEC compliance

rules for Real Estate Investors.

3. Created a 60 page manual

called the Canadian Compliance

Q&A Manual too.

4. Upgraded the Premium Home

Study System that students use

to attract private lenders to in-

clude 4 new chapters on the

SEC.

5. My Premium System now in-

cludes 8 audios covering the

SEC and private lenders. So

there are 16 total audios in the

Premium Home Study System.

6. I bring my SEC attorney to my

boot camp at my cost to teach

SEC compliance and 5 pooling

techniques.

7. I just spent $7,000 to gather

crystal-clear details on the SAFE

ACT, and then held a free webi-

nar to share the information.

Guess who was listening in on

the call? Yep, one of The List

Peddlers. Getting information

for free because he doesn’t

know the rules.

8. I provide downloadable disclaim-

ers for each state to make sure

your website is in compliance.

Yep, it is advertising too.

9. I provide separate, download-

able forms so you can register,

by state, with the SEC.

I don’t tell you this to impress you. I

tell you this to impress upon you my

sincere commitment and ongoing

dedication to keep you safe.

All The Best

Alan Cowgill

PS: I just talked to my brother today

and he is a Chiropractor. He said in

his business he finds that if some-

one has a bad experience with a

poor Chiropractor it turns them off

on the benefits of all Chiropractors.

Using the same logic with The List

Peddlers, if someone uses the list

illegally then it might turn them off

on the power and potential of using

private lenders. I understand the

logic but I hate what these List Ped-

dlers could be doing to our real es-

tate businesses and, more specifi-

cally, unsuspecting real estate in-

vestors.

Page 15: The Investment News:  July 2011 Newsletter

Investment News Page 15

MAREIandCC.info

2% Rebate, Get Registered.

Instructions in the member

area of MAREInet.com. Log

in, click on Member Library

and look for Home Depot in

the Benefits Section.

Be sure to use your discount

card for savings of up to 40%

off regular pricing in all stores

nationwide. This is all part of

a NATIONAL Contractor Ac-

count for awesome price sav-

ings! Card is in your mem-

bership package!

Who are “They” &

Why did they “DO IT?”

MAREI monitors Local

City & State Governments

As well as Nationally.

Be sure to register for our

newsletter for important

updates& calls to action.

FREE Gift! Get instant access to 3 great

FREE Bonuses. Valued at

$200: Must Know RE Terms

Glossary, Think & Grow Rich

Book , and Training eCourse.

FREETrialWebsite.info

Lead Lists

Pre-Notice of Default

Pre-Foreclosure

Affluent Consumer

Free & Clear Homeowner

Absentee Owners

Newly Listed Homes

New Business leads

Custom Consumer Leads

EZ Data Group Leads

Track Foreclosures

Complete Details

Including Addresses

Jackson, Clay, Platte

EZ Data Group Foreclosure

See housing stats online

www.KCRAR.com

Resources Tab

Heartland MLS Statistics

Page 16: The Investment News:  July 2011 Newsletter

Page 16 MAREInet.com

Free Estimating Software for Remodelers

and Builders:

Save time and make more money – Starting

Now!

Easy to use

With pre-loaded construction costs and item checklists, you can begin estimating jobs in a matter of minutes.

Runs anywhere you have an Internet access

Our Web-based software works anywhere you have Internet access and it is always up-to-date.

Free training and support

Training and support are included with your subscription. Receive help with your simple ques-tions, or more com-plex business proc-ess questions.

More than estimat-

ing software

Estimate jobs, use automated material lists, manage sub-contractors and change orders, while you build a more profitable business.

All the features you need to keep your

jobs running smoothly.

Estimating & Proposals

Requests for Bid

Selections

Purchase, Work, and Change Orders

Labor Reporting

Job Costing

Authorization to Proceed

Documents and Forms

Contact Management

Time and Material

Job Templates & Automated Materials Lists

MAREI took a tour of Home Depot’s Superbuild Software and we have to say, if you are a con-tractor working with out estimating software, this product will make estimating easier, faster and more accurate. It will track your material, labor for bids and actual so you can improve either make your bids more accurate or find your work-ers are milking you for a bit extra. Quite possi-bly it will put money in your pocket.

For our Investor Members who want to know what a repair or renovation will cost this is a must have. You can estimate your own job and create your own Work Orders and Requests for bid to have several contractors bid the exact same specifications for your job so you are com-paring apples to apples.

This software is available through www.SuperBuild.com and the FREE version is sponsored by Home Depot. Check it Out Today!

Helping Investors

Page 17: The Investment News:  July 2011 Newsletter

Investment News Page 17

MAREI

Internships

Managing Websites

Booking Events

Selling Advertising

Graphic Design

Email

[email protected]

www.AccurateTitleCo.com 913-338-0100 phone

Title Services Provided for:

FSBO, Wholesale, & REO Transactions New Construction Closings Commercial Purchases and Refinance All Types of Loan Closings 1031 Exchanges FHA, VA, USDA, Conventional Loans,

and Hard Money Loan Closings Refinance & Reverse Mortgages Doc Prep, Prelim HUDS, Curing Issues Short Sale Closing & Assistance 100 Years of Combined Service!

accurate

Accurate Closings: Smooth, Timely, Professional.

CAN

OPEN

Worms

Every-

where

Easy to Use / Customizable

Multiple Templates to Choose

PreFilled Text or Write Your Own

Unlimited Pages as Needed

Properties Descriptions & Photos

Tools to Build your Buyer’s List

Data Collection Tools

Your Own Domain

Keyword Rich for SEO

FREE Site / Hosting $19.95 Month

www.MAREInet.com/360REIStart

Page 18: The Investment News:  July 2011 Newsletter

Page 18 MAREInet.com

Career Education Systems

Ward Parkway Shopping Center

8600 Ward Parkway

Kansas City, MO

New Meeting Space

Don’t Forget

Located on the East Side

South of Dicks & 24 Hour Fitness

Please Park in the Parking Garage

Page 19: The Investment News:  July 2011 Newsletter

Investment News Page 19

TE-TEE LIGHT

ELECTRICAL SERVICES

Keeping you “In-Powered” with Superior Electrical Service!

FREE Estimates

FREE Consultations on Non-Emergency

24-hour Same Day Emergency Service

Licensed, Insured, Bonded

Serving Kansas & Missouri

George Z. Bai, Sr. - Owner

Office (816) 356-1870

Cell (816) 210-4710

[email protected]

For Investors By Investors

In this market, you want an agent on your

side that has the knowledge, the ability,

the EXPERIENCE,

and the resources to help you!

Realty Resource

115 E Gregory, KCMO

816-523-4400

www.RealtyResourceKC.com

“Flexible rehab options

and purchase financing for

qualified investors!

Ann Wilkinson Vice President

Mortgage Loan Production 12501 Antioch Rd

Overland Park, KS 66213 Ph: (913) 402-1500

Fax: (913) 402-0673 [email protected]

www.ArgentineFed.com

Asset Protection

Insurance Agency

www.REOIns.com

877-752-2742

Real Estate Owned / Forced Placement

For Investors & Finance Institutions

Page 20: The Investment News:  July 2011 Newsletter

Page 20 MAREInet.com

TRAINING

Visit www.MAREIU.com to check out the

current and upcoming trainers that you

can learn from right now or any time you

can fit it into your schedule with our Online

Training.

Special Right now. Register for access to

12 FREE Videos from our experts . . .

Over 2 hours of quality training

Current Courses Available Now

REOs and Lease Options

Creative Financing

Auctions & Foreclosures

Government Grant Money

Automated Investment

Peak Performance

Training Calendar

We have a packed training calendar for July :

Constant Contact Webinars for those looking to ramp up their Online Marketing

Realtor Training Classes at Career Education Systems that are open to non-Realtors

This Months Meeting: Rebuilding Credit after Mortgage Crisis

Saturday Workshop: Private Lending with Alan Cowgill

See page 23 & 24 and visit www.MAREInet.com and click on Calendar

Page 21: The Investment News:  July 2011 Newsletter

Investment News Page 21

“Presentation is Everything!”

Canyon-Stone.com

550 E. 56 Highway, Suite B

Olathe, KS, 66061

Phone: (913) 254-9300

Fax: (913) 254-9301

[email protected]

kcmoHomeBuyer.com

Do you have a house you need to sell? A wholesale

or Assignment you need an end buyer for?

We are looking for homes to Rehab and Sell to First

Time Home Buyers. Please add us to your Buyer List.

Parameters:

After Repair Value $120,000 to $180,000

3-4 Bedroom, 1.5+ Bath

Basement & Garage Preferred

Like Post 1978, but will consider older

Cash Buyers, no Appraisals or Loan Qualification

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 money

with Rentals.com!

Discounts for MAREI Members:

Receive 20% off all Regular

Priced Advertising. Log into

Member’s Area, click on Member

Discounts and look for MAREI’s

Discount code!

Page 22: The Investment News:  July 2011 Newsletter

Page 22 MAREInet.com

CA

LE

ND

AR

D

eta

ils, T

ime

s, L

oca

tio

ns, C

ost &

Re

gis

tra

tio

n a

t w

ww

.MA

RE

Ine

t.co

m

July 5th Realtor

Training

www.CESKC.com 4 Day Kansas Pre-License

Practice Course

July 5th Realtor

Training

www.CESKC.com 4 Day Kansas Pre-License

Practice Course

July 6th Webinar Creating Marketing Emails

July 7th Webinar How to Boost the Response to Your Email

July 9th Realtor

Training

www.CESKC.com 4 Day Kansas Pre-License

Practice Course

July 9th Networking Blue Springs/ Independence Investors Meet

4pm Panera Bread 40 Hwy & 291.

July 9th Community Restore Donation Day, every Saturday

July 10th Networking Lee’s Summit Investors meet for a network-

ing breakfast the 2nd Sunday of the month

July 11th Deadline Deadline for Reserving your Vendor Table,

Reserve online or email [email protected]

if you have prepaid tables to use.

July 12th Meeting Monthly Meeting: Networking from 6 to 7.

Announcements and deal share 7:30. Pres-

entation at 7:30: Topic to be determined.

First Meeting at Career Education Systems

July 13th Webinar Building Better Lists

July 14 CESKC.com Realtor Training: 1031 Exchanges, open to

the public, 2 Credits PHP, save certificate

July 16th Networking Blue Springs/ Independence Investors Meet

4pm Panera Bread 40 Hwy & 291.

July 17th Networking Lee’s Summit Investors meet for a network-

ing breakfast the 2nd Sunday of the month

July 9th Community Restore Donation Day, every Saturday

July 18th CESKC.com Realtor Training: Credit Scores, open to the

public. 2 Credits PHP, save certificate

July 19th Webinar Newsletter Makeover

Page 23: The Investment News:  July 2011 Newsletter

Investment News Page 23

July 20th CESKC.com Realtor Training: Short Sales & Foreclo-

sures, open to the public 2 Credits PHP, save

certificate

July 20th CESKC.com Realtor Training: Creating Wealth, open to

the public. 2 Credits PHP, save certificate

July 20th Crime Free Mid-America Crime Free Workshop

July 20th Webinar Creating Marketing Emails

July 20th Networking Commercial Investors meet every other

Wednesday

July 21 Other Groups KCIG meets—details at www.kcig.org

July 23 Workshop One Day Private Lending Workshop with

Alan Cowgill

July 23 Community Restore Donation Day, every Saturday

July 23 Networking Blue Springs/ Independence Investors Meet

4pm Panera Bread 40 Hwy & 291.

July 24th Networking Lee’s Summit Investors meet for a network-

ing breakfast the 2nd Sunday of the month

July 26th Webinar Building Better Email Lists

July 26th Webinar Planning Email Marketing

July 26th Other Group Landlords Inc Meets

July 28th Webinar The Power of Social Media

July 28th Other Group Landlords Of Eastern Jackson County

July 30th Networking Blue Springs/ Independence Investors Meet

4pm Panera Bread 40 Hwy & 291.

July 31st Networking Lee’s Summit Investors meet for a network-

ing breakfast the 2nd Sunday of the month

Ne

tw

ork

in

g &

E

du

catio

n

De

tails

, Tim

es, L

oca

tions, C

ost &

Re

gis

tratio

n a

t ww

w.M

AR

EIn

et.c

om

Page 24: The Investment News:  July 2011 Newsletter

Page 24 MAREInet.com

Members can find each other through the Profiles Section in the Member area and when we

email, call or mail you, we utilize the information in your Profile. So your next step as a new

member is to confirm your information and turn on your profile

Look for the words “My Info” on the left

hand menu bar. Left click.

A new screen will open up with all of

your contact information. See Below.

Confirm all of your contact information

is correct.

You have the ability to determine what

information appears your profile for

other members to view.

Click the fields you want

visible to other members.

Turn on your profile using

the drop down box and se-

lecting yes.

Be sure to click the Submit

Changes Box at the bottom

to save your changes.

Your Info

Profiles

Page 25: The Investment News:  July 2011 Newsletter

Investment News Page 25

Offered As Address City Price Bed/Bath Contact Phone

TLC Rental 3217 College Kansas City, MO $13,700 3/2 Christoph Becker 816-419-1165

Rentals 3 Rentals Kansas City, MO $150k Seller

Financed

Assort Kim Tucker

Realty Resource

816-523-4400

Fixer 5353 Hardesty Kansas City, MO $9,500 3/1.5 Mekeba hart 816-665-0491

Fixer 2924 Bales Kansas City, MO $14,750 3/1 Christoph Becker 816-419-1165

Fixer 5430 Norton Kansas City, MO $15,500 2 / 1 Christoph Becker 816-419-1165

As Is Not given Grandview, mo Not Given 2/ 1.6 Barbara Danuser

Century 21

816-419-9246

Fixer 3509 College Kansas City, MO Not Given 3/1 Bemate Bom-

bama

913-735-9997

Package Mid Town Kansas City $280,000 8

houses

Sunil Jain 913-526-1904

Package Ruskin / Grand-

view

Kansas City $475,000 11

houses

Sunil Jain 913-526-1904

Package Ruskin / Grand-

view

Kansas City $755,000 19

houses

Sunil Jain 913-5261904

Fixer 705 E 60th St Kansas City $68,000 2 /1 Maggie Sheehan 816-444-1950

Fixer 5137 Olive Kansas City $6,250 3 /1 Christoph Becker 816-419-1165

Rehabbed 3722 Agnes Kansas City $23,500 3/1 Christoph Becker 816-419-1165

TLC 3347 Askew Kansas City $15,750 Christoph Becker 816-419-1165

Wholesale Not Given Grandview $49,900 3/2 Ryan Walls 219-864-1788

Pakcage 55th / Michgan

Area

Kansas City $202,000 1 of 4 Kim Tucker / Re-

alty Resource

816-523-4400

See all properties on the classified page on MAREInet.com. Including full

details, photos, and links for more information. 39 Postings in Total.

Page 26: The Investment News:  July 2011 Newsletter

Page 26 MAREInet.com

From Cells to Sales

front of potential buyers and sellers in a particu-

lar farm area.

Wholesalers, are you trying to find a very fast

way to get a house out to potential clients.

Could you include an opt in or opt out on your

sign up form when you have investors register

as buyer’s on your web site? Then when you

have a new listing, text your investor buyer list or

text with price changes, or text to let them know

that Bob bought the house and they missed out.

What if you are a general contractor farming a

neighborhood. Print up a few signs that go in

the yard of the home you are working on, and

rather than just having your name and number,

have a sign text the word “album” to 34295 to

see samples of your work. Or another sign that

says to text the word “bid” to get a free quote on

what ever services you offer. Then while your

crew is busy working on the house and you are

out buying materials and bidding your next jobs,

you can receive those texts, follow up and

schedule a time to complete a bid for the

neighbor next door later in the day. Much faster

than waiting for the neighbors to call you, leave

a message, and you to call them back.

Or how about those of us who are suppliers of

materials, like a Home Depot Store for example.

You could run a special ad asking viewers to

text the word HD to 34598 to receive a coupon

for a free 6 pack of plants in the spring. The

coupon goes to their phone, that the customer (Continued on page 27)

Some scenarios for you.

You have a home for sale, rent, lease option, or

what ever. Sign in the yard with flyer box, some

simple flyers that say text the word “house” to

234356 for free virtual tour. Potential buyer or

tenant stops by and texts in to get the virtual

tour right there on their smart phone. They are

happy.

On the back end side, their phone number goes

into a the your database and notifies you of their

interest instantly. Ten minutes later you call

them to follow up to make sure they were able to

view the virtual tour. No waiting for the potential

client to go home, get to the computer, and re-

member to look at the virtual tour, and then

maybe notify you. No, it’s instant at the time

they are sitting in front of the house.

So one key benefit here is that your potential

client is getting instant contact back from you,

when they are right there in front of your house.

If you are a Realtor Listing a house and it’s the

neighbor, might this go a long, long way to get-

ting their listing on their house?

Your next benefit is that you may be farming an

area. So everyone who texts in for the virtual

tour is probably looking to buy, rent, or lease to

own in that area. Could you not categorize

these leads in your back end text follow up sys-

tem. Then when you have something new, a

quick text to everyone. Or if you change the

price, sell it, or what ever, you can notify every-

one who texted in. Again, keeping your name in

Mobile Coupons are the next

big wave in direct Marketing

Page 27: The Investment News:  July 2011 Newsletter

Investment News Page 27

takes to their nearest store to buy

their free 6 Pack of flowers, plus

$50 more of gardening supplies.

The number stays in Home Depots

marketing database. Then in the

summer when they are running a

clearance on patio furniture they

could text everyone that of the un

announced special for today only.

I hope you are getting some ideas

here of what you might be able to

do with Text Message Marketing in

your business.

Now I have another application

that I have been a part of at the

DMV, you know that place you go

and wait and wait and wait for your

turn to buy a license plate or re-

new?

Well last trip I had to the DMV, the

line was out the door. So they had

a little kiosk where I went and

typed in my name and my cell

phone. They wanted my cell

phone number so they could text

me when they were with in 10 of

my number. Then I could leave

and go about my business and

when they were almost to my num-

ber they would let me know. I

went back to work, got in another

hour of work, they texted me, I

went back. Now I did spend some

time driving back to work, but it

was still more productive than sit-

ting there for 3 hours waiting my

turn.

This application could also be

used at fine dining establishments

on a budget, just a computer sys-

tem and internet connection and

they text you on your cell phone

rather than giving you a bulky

flashy light thing that you might

steal and never bring back. Allow-

ing you to go about your business

till it’s time for you to be seated.

Hmm, keep thinking here. The

applications are almost limitless

and growing. Heck even I have a

smart phone and can send and

receive texts. Want to know

more? Contact me, I can send

you more information as I get it—

email me at [email protected]

Kim Tucker—MAREI Director.

Page 28: The Investment News:  July 2011 Newsletter

INVESTOR

MEMBERSHIP

BUSINESS

MEMBERSHIP

informed MAREI

Professionals

targeted group

Of Clients

From Motivation to How To Optimization of Your

MAREI members are above the

crowd. They enjoy a informative

newsletter, blog, and social me-

dia experience. They connect,

ask questions, and share oppor-

tunities through the Member’s

Message Board. And they save

$100 using the many member

discounts.

MAREI sets the standard for real

estate investor networking and

education, drawing the type of

client you want to do business

with. Our meetings and online

presence gathers targets the

qualified leads your business

needs. But there is only one way

to get in front of them . . become

a Business Member today!

$99.00 / year

Additional Member $50

$499.00 / year

Includes Advertising

See the Membership Benefits tab under Membership

on our web site at www.MAREInet.com for more

info and look for our orientation webinar on the

calendar of events.

See the Business Benefits tab under Membership on

our website at www.MAREInet.com for more info or

call the office at 913-815-0111 .