Kansas City Investment Property

Holiday Networking Party

Kim Tucker (Tucker One Properties, Inc) — Tue, 24 Nov 2009 12:14:01 -0600

Do you do real estate?

Investing?

In the Kansas City Metro area?

Want to connect with others?

Mid-America Association of Real Estate Investors will be hosting it's 5th annual Holiday Networking Party at the Fox and Hound on Tuesday December 8th, 2009 from 5:30 to 8:00 pm. Join us for 30 minutes, an hour, the whole evening, what ever you have time for.

Bring your business cards, a great attitude, and be ready to network. Open to members of MAREI and their guests. No charge to attend. Food and Drinks are on a cash basis from the bar.

More details on our web site at http://www.MAREInet.com

MAREI meets monthly to provide motivation, networking opportunities, and up-to-date education for people who want to buy their own home or investment property in today's real estate economy. Each month, a nationally known real estate investment speaker or local specialist is featured. Real estate professionals, investors, landlords, realtors, contractors, wholesalers, rehabbers, and the general public are invited to attend our monthly meetings for educational and networking opportunities. For more information, please call (816) 523-4400 or visit www.MAREInet.com for more information

About MAREI

MAREI is one of the largest real estate investors & apartment owners & landlord association in the Kansas City Metro area and its mission is to provide educational and networking opportunities as well as business-to-business opportunities for entrepreneurs in the real estate investment community. We're firmly committed to promoting a sound understanding of ethical real estate investing principles and to help further develop our members' investing abilities.

Northland Investor Networking Lunch

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 12:05:45 -0500

Northland Investor Lunch

Northland Investors Networking Group meets the 3rd Wednesday of the month for lunch at the Old Towne Buffet by Metro North Mall

If you invest or offer real estate related services in the Northland area. Have a home to sell or just want to meet other like minded individuals to discuss real estate investing, be sure to join us.

Only fee is for what you eat (buffett is about $10)

Ben & Maria - do you have any houses for sale for investors?

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 12:05:15 -0500

I know you do!

Fixer Upper - or Owner Occupant 4632 Fairmount, KCMO

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 12:04:41 -0500

$104,950 will be listed in MLS tomorrow.

3 bed, 1.1 bath, 2 story shirtwaist.

Comps from $155,000 for a nicely rehabbed 2 bedroom to $170,000 and more for nicely rehabbed 3 bedrooms.

Needs very little to move in now and renovate a step at a time. Most needed item right now is a new roof.

Home is full of previous owners belongings and I mean stuffed. If you look or take a buyer, I would limit to investor buyers as you have to look around the stuff. If still available after the 15th, it will be cleaned out and you will be able to appreciate the great woodwork that has not seen a paint brush, all nicely stained. Great stair case, and built ins. And the very livable bath and kitchen that is older, but very servicable as is or could be spruced up a bit with paint, or renovated for a brand new looks.

We would even entrtain an offer that includes us putting on a roof for a slighly higher price.

ONly onwed for about 2 weeks, so can't do loans with seasoning.

Owned by us and marketed by us.

Tucker One Properties, Inc. / ROI Realty, Inc.

3 % buyer's agent commission and will be in our coop Firday afternoon: 913-451-7469

or call us direct at 816-523-4400 ask for Don, Joe or Kim

Beginner Fast Start to Success

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 11:59:26 -0500

Beginner Fast Start to Success

The Beginner Fast Start to Success is a full day class designed to give the beginning investor a foundation to begin their real estate investing career. There is a charge to attend this class.

This is a very fast paced class designed to give you an introduction into the various aspects of real estate investing.

Class Broken down into the follow sections:

Section #1:

·9 am to 11 am

·Types of Investments: Active vs Passive

·Types of Investment Properties,

·Goal Setting & Managing your Time,

•Networking,

Section #2:

·11:15 am to 1:00 pm

·Asset Protection - LLC's,

·Finding & Researching Investment Property

?Motivated Sellers
?Pre-Foreclosure, Trustee Sale, & REO
?Short Sales
?Bankruptcy
?Probate

Section #3:

·2:00 pm to 3:30 pm

·Financing Investment Property

?Traditional Loans
?Hard Money
?Private Money
?Self Directed IRA's
•Team Building,

Section #4

·3:45 pm to 6:00 pm

·Exit Strategies,

?Finding Buyers,
?Lease Options,
?Wholesaling,
?Retailing and
?More.

Designed as a starting point to help you get started.

Class includes a FREE copy of the following:

Workbook to follow & take notes
Goal Setting Worksheet
List of Research Links
Sample Letter & Postcard for Potential Motivated Sellers
Copy of Purchase and Sale Contracts including required Lead Based Paint Form
Copy of a Standard Lease Contract
Copy of a Standard Contract for Deed
Copy of a Standard Tenant Application
Copy of an Assignment of Contract Form
Copy of a Promisorry Note
Copy of a Deed of Trust / Mortgage
Copy of Checklist of Property Repair Items
Copy of property analysis software tool (excel spreadsheet format)

Class Size Limited to 12 People Maximum.

Member Price: $199 - Early Bird Price: $169

Non-Member Price: $249 - Early Bird Price is $219

Must Register 3 days in advance for Early Registration Price. Must Pre-Register - no walk-ins.

Arrive by 8:45, doors will be locked at 9 am.

Offered Once a Quarter.

MAREI meeting - Internet Marketing

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 11:58:27 -0500

General Meeting

October 13, 2009

Internet Marketing

More than ever, today's businesses depend on marketing to bring in new business and to keep current business coming back time and again. There are many modes of marketing, TV, radio, magazines, newsletters and more. To keep costs in line businesses large and small need to find ways to optimize the low cost marketing available through the internet.

First, you need to create a quality online presence that shows of your expertise on your subject. Second you need to give them a reason to subscribe in some way and to come back and use your site again. Third is the hard part, getting people to find your web site.

It does not matter how awesome your web site or how many buzzers and bells it has, unless people find your web site, it will not do you any good. There are many steps you can take so people find your web site and that is what we are going to be talking about at the October General Meeting.

Find out

Steps to take to boost traditional marketing with your web site.
What your web site needs to contain to help the search engines find you.
How to research key words and where to use them.
The difference between organic results and paid results on search engines.
How to use blogs and articles to boost your organic results.

This meeting is perfect for beginners, you will not hear to many "internet geek" words as we don't really know them. We will define all the weird words you may not have heard. Be sure to catch the newsletter that comes out the Thursday prior to find out more about starting or improving your web site and then how to get people to come back or subscribe to your site. If you have not yet subscribed to our online newsletter - use the sign up box to the left.

All Attendees Receive Directions to receive a FREE Magazine Subscription on Utilizing the Web.

10/13/2009 - Register Now

Vendor Table Reservation

Directions

Meeting to be held at the Overland Park Marriott at 10800 Metcalf (I435 & Metcalf) in Overland Park.

6:00 Doors Open for Vendor Hall & Networking

6:15 New / Potential Member Orientation (about 20 minutes - meet fellow new members)

7:15 Announcements and Sponsor

7:30 Presentation

9:00 Networking

Be sure to bring your business cards and flyers for your products or services for the General Markting table and be sure to check out everything posted on the marketing table. We also have about 5 tables available for rent in the Vendor hall. Check the calendar of events to reserve a full or 1/2 table for yourself. (Click here to reserv Vendor Table)

Members, please register for the meeting at no cost. Membership is only $99 annually or check out our new pay as you go membership.

Non-Members, fee at the door is $25 per person. Or preregister here for $15 and save $10 per person.

Networking for Lee's Summit Investors, 2nd Saturday of the month

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 11:57:16 -0500

Lee's Summit Investors Networking Group

Lee's Summit Investors Networking Group meets the 2nd Saturday of the month for coffee and breakfast conversation at the Atlanta Bread Company in Lee's Summit Missouri (50 highway and Chipman Road)

If you invest or offer real estate related services in the Lee's Summit area. Have a home to sell or just want to meet other like minded individuals to discuss real estate investing, be sure to join us.

Only fee is for what you eat.

Please contact Gary Cross for more information

Gary Cross

Cross Real Estate LLC

816-525-3873

Fixer Upper / Rental / Owner Occupant - 3828 Hardy, KCMO 64133

Kim Tucker (Tucker One Properties, Inc) — Thu, 01 Oct 2009 11:56:06 -0500

This is a great little 3 bedroom, 1 bath house with a garage and a basement. Been lived in a while and is packed to the hilt. Owner is in the process of cleaning out and should have all the stuff out in the next week or two.

Does need some work - roof has a leak - although not a bad roof overall, we are thinking a limb or something caused a problem, and the leak needs some repair.

Listed for $29,900 and seller is motivated to look at any and all offers.

Buyer's agent commission is $1000, will be going into MLS after clean out on October 12th, should be in our coop tomorrow if you want to schedule a showing: 913-451-7469

(Can someone tell me how to make my letters bigger on Active Rain?)

offered for sale by Joe Reece with Realty Resource of KC, pics will be going on our site on Friday too!

Cool Tools

Kim Tucker (Tucker One Properties, Inc) — Sun, 27 Sep 2009 14:09:48 -0500

Do you have a particular topic you want to keep an eye on?

Ceck out Google Alerts

Enter the topic you want to watch and your email, google will send you an email when ever it appears online.

Member Benefit: General Meeting Archives

Kim Tucker (Tucker One Properties, Inc) — Sun, 27 Sep 2009 14:08:54 -0500

Members have you missed a meeting in the past year that you really wanted to attend?

Maybe saw the meeting, but wanted to revisit the presentation?

Wanted more information about the speaker?

Well we have two ways to get more info:

(1) Newsletter Archives: Go to www.MAREInet.com, click on newsletter archives, and read the newsletter for the month in question. You should find several articles that pertain to the guest speakers presentation and the speakers contact information.

Note that the a year of newsletter's is open to the general public, but newsletters since 2006 are in the member's only library, just log in and click on library, look in the newsletter catagory.

(2) General Meeting Archives: We have also been recording our meetings since 2007. You can log into the member's area, click on General Meeting Archives to listen online or download an MP3 file.

Check them out.

Property Managers in MO

Kim Tucker (Tucker One Properties, Inc) — Sun, 27 Sep 2009 14:07:30 -0500

I have noted an over abundance of property managers in the State of Missouri, but I can't seem to find many who are actually legal.

Did you know that it is agains the law in the state of Missouri to act as a property manager for a 3rd party and receive a commission? Apparently the majority of the property managers out there do not.

So I understand from broker class, this could result in huge fines and time in jail for the property manager.

I think with the current economy, we need to do a few things different.

(1) Property managers in MO & KS all need to be licensed agents and working under a licensed broker.

(2) The Real Estate Brokerage needs to adjust their model to allow agents in their system to manage property, right now, there is not a brokerage out there that allows this - they all tell you to go out and get your own broker's license and be your own broker, but you ahve to be an agent for 2 years to get the broker licence, in the mean time no one will hold your licenses and supervise you as a property manager.

(3) Our Heartland MLS needs to catch up wtih the times and allow properties for rent, lease to own, etc through the system. It has the capabilities, but unfortunatly, if we lease aproperty, we can't report it through MLS, we have to cancel the listings. By adding a few terms to the system we could offer properties for sale, for rent, for lease to own, we could get board accepted contracts for this, and we could track what properties sell for, rent for, or lease to own for. depeding on what happened with the property.

Ben, What do you thinK?

If there are typos I appologize,my font on Active Rain seems to be minuse 3 so I can't read it and not sure how to make it bigger?

FHA Announces Appraisal Policy Changes

Kim Tucker (Tucker One Properties, Inc) — Thu, 24 Sep 2009 10:18:32 -0500

The Federal Housing Administration announced Friday that it was reversing a policy that inadvertently capped fees for real estate appraisers. First identified by the Appraisal Institute and its partner professional appraisal organizations earlier this year, the FHA's new policy separates the services (and fees) charged by appraisers from those charged by appraisal management companies, allowing each to float at reasonable and customary levels.

Read full article from the appraisal institute.

Is your web site doing it's job

Kim Tucker (Tucker One Properties, Inc) — Wed, 23 Sep 2009 14:57:01 -0500

Website Job Description

Good Web Site Design = Search Engine Optimization

Your web site has several jobs that it must do in be Optimized with Search Engines, Be Found By Your Customers, and Convert Viewers in to Customers or Leads. You need to do a job review on a regular basis to make sure your website is doing it's job, make changes where needed, and keep up to date. Or it may be time to fire your current website and hire a new one.

So what is your web site supposed to do?

Your website should be held accountable to your business and to creating a profit for you, in a very similar fashion to your employees. You should take a look at the following six primary responsibilities and if your site is not living up to your satisfaction, then it's time to make some changes:.

•1. Educate your audience

•2. Brand your company and image

•3. Establish your company as authority in your industry

•4. Generate sales and leads

•5. Build lasting relationships

•6. Empower your audience to buy more

So let's break this down and compare it to a web site like HomeVestors.com. (no we are not affiliated with HomeVestors in anyway, but they do have an excellent example of a highly paid web site)

Your web site should educate your audience in a way that is easy for them to understand and allows them to make a decision to buy from you or use your services right there on the site without any further interaction from you or your company. Check out HomeVestors online and you will find tons of information about many topics and testimonials, all designed to get their customer to buy or sell or to become a lead.

Your web site should back up your company brand and image. Have your branding and image consistent from your primary web site on all pages to alternative sites. Have it flow through to signs and office / store décor. Match your business cards and company stationary. You want to present a cohesive image and message all across the board. HomeVestors does a great job of this, from web site, to billboards, to shirts, they all match and keep their brand front and center. Who does not know that they "Buy Ugly Houses" or recognize their mascot "Ug".

Your web site should also allow you to establish yourself or your company as a leader and authority in the industry. A quick look at HomeVestors will show you that they do this in well, with content on the various pages, testimonials, and articles from the News Media.

Your web site if it does not directly generate sales, should generate leads. Go back and see each section on the HomeVestors site and you will find that almost every page generates a lead. The main page directs you to what you want to do - Buy, Sell, Invest, or Own. Then each of those pages directs you to sign up where you become a lead. They do this very well.

Building lasting relationships with your audience, is a very important role and is often overlooked. If you sell something that you would buy over and over again, like books, you want to find a way to get book readers to come back to your site on a regular basis. If you buy houses, you want potential sellers to come back and visit your site as their situation changes and their motivation to sell gets stronger.

One way to do this is through subscription sign ups that allow your viewers to subscribe for more info and your site sends them new information automatically. Historically this has been email newsletter lists, but today more sites are directing visitors to sign up for their blog, to become their fan on Facebook or Twitter. And by becoming a fan, they become advertisers for you as the fact that they are your fan shows up on your page on the social networking sites and it shows up on their page.

If we look at the HomeVestors page, they have the sign ups for the email newsletters, but they have not caught up with the growing use of social networking. I read in the paper just today that there are 700,000 new users on Facebook every month. You have to catch up with this fact or you will be left behind - and guess what, this is almost FREE advertising, it just takes a little more skill.

Your Primary site should also empower your audience to buy more frequently, consistently and or become your customer more often. By showing value and the fact that other people use your products or service, you can give them this power. And the more you educate your audience, the more likely they will buy. Just think about that insurance company that invites people to come to their site to see what the competition is charging, this was their entire marketing message for quite a few years.

So in a nutshell, that's what your Primary Website should do for you, but what are some things that it will not do:

•1. It will not magically generate traffic. You have to take steps to direct people to find your site. Believe me, when I say, "the Build it and they will come concept, just does not work". We will be talking at the October 2009 MAREI meeting on ways to generate traffic to your web site through search engine optimization, organic searches, blogs, articles and more. But let's not overlook one of the easiest ways - include your web site in all your other marketing: business cards, signs, letterhead, print media, etc. By telling people to go to your web site in all your other marketing efforts you will generate some traffic.

•2. Replace personal attention and connection. Ok some web sites are designed to be 100% online sales generation sites, but even they have a back end help desk for when things go wrong. But the majority of our businesses in the real estate arena are relationship based. Your web site and online tools will help you be able to connect more with your customers, but it is important to remember that just because your web site will interact with people does not mean you can stop. You still need to have good solid customer service and interact with them on a personal level.

•3. Can't take the place of good effective marketing and message. Just because you can build a web site, does not mean to just throw one out there and it will work. Take some time to plan your message and test and adjust as you go.

If you want to learn more, be sure to read October 2009 Investment News posted in the Newsletter Archives at www.MAREInet.com and be sure to attend the October 2009 meeting of Mid-America Association of Real Estate Investors. Article author Kim Tucker will be talking about what the internet, your market, and your competition look like in 2010. What your web site needs to do to do a good job and online marketing strategies using social networking pages like Facebook and Twitter, Blogs like Wordpress and Article Submission to raise your search engine rankings with search engines like Google.

Website Job Description

Kim Tucker (Tucker One Properties, Inc) — Wed, 23 Sep 2009 14:43:52 -0500

Website Job Description

Good Web Site Design = Search Engine Optimization

Your web site has several jobs that it must do in be Optimized with Search Engines, Be Found By Your Customers, and Convert Viewers in to Customers or Leads. You need to do a job review on a regular basis to make sure your website is doing it’s job, make changes where needed, and keep up to date. Or it may be time to fire your current website and hire a new one.

So what is your web site supposed to do?

1. Educate your audience

2. Brand your company and image

3. Establish your company as authority in your industry

4. Generate sales and leads

5. Build lasting relationships

6. Empower your audience to buy more

So let’s break this down and compare it to a web site like HomeVestors.com. (no we are not affiliated with HomeVestors in anyway, but they do have an excellent example of a highly paid web site)

Your web site if it does not directly generate sales, should generate leads. Go back and see each section on the HomeVestors site and you will find that almost every page generates a lead. The main page directs you to what you want to do – Buy, Sell, Invest, or Own. Then each of those pages directs you to sign up where you become a lead. They do this very well.

If we look at the HomeVestors page, they have the sign ups for the email newsletters, but they have not caught up with the growing use of social networking. I read in the paper just today that there are 700,000 new users on Facebook every month. You have to catch up with this fact or you will be left behind – and guess what, this is almost FREE advertising, it just takes a little more skill.

So in a nutshell, that’s what your Primary Website should do for you, but what are some things that it will not do:

1. It will not magically generate traffic. You have to take steps to direct people to find your site. Believe me, when I say, “the Build it and they will come concept, just does not work”. We will be talking at the October 2009 MAREI meeting on ways to generate traffic to your web site through search engine optimization, organic searches, blogs, articles and more. But let’s not overlook one of the easiest ways – include your web site in all your other marketing: business cards, signs, letterhead, print media, etc. By telling people to go to your web site in all your other marketing efforts you will generate some traffic.

2. Replace personal attention and connection. Ok some web sites are designed to be 100% online sales generation sites, but even they have a back end help desk for when things go wrong. But the majority of our businesses in the real estate arena are relationship based. Your web site and online tools will help you be able to connect more with your customers, but it is important to remember that just because your web site will interact with people does not mean you can stop. You still need to have good solid customer service and interact with them on a personal level.

3. Can’t take the place of good effective marketing and message. Just because you can build a web site, does not mean to just throw one out there and it will work. Take some time to plan your message and test and adjust as you go.

Tax Foreclosure Sales Coming up in Kansas City Missouri

Kim Tucker (Tucker One Properties, Inc) — Mon, 03 Aug 2009 11:46:59 -0500

With the Tax Sales in the State of Missouri being in August, many people are asking:

•· What happens at the Tax Sale?

•· Can I get a good Deal?

•· What do I need to do?

So let's take a look at the Basics of the Tax Deed Sale and if you are in the Kansas City are, be sure to attend the August 11^th Meeting at the Overland Park Marriott.

Tax Deeds - or as they are sometimes called, Sheriff's Deed Sales, are sales of property in which the county, city or other taxing district forecloses on a property for failure to pay taxes. This allows an investor to buy the property for as little as the taxes owed. In some cases, it is possible to buy property for 50, 75 or even 90 percent below market value. A few states even have a right-of-redemption period in which you can earn flat interest rates of 20 percent in Georgia and 25 percent in Texas, even if the properties are redeemed in less than one month.

Some states set minimum bid amounts for properties in addition to the taxes owed, so it is important to educate yourself on how to maximize your investing.

What is a Tax Deed and How does the Tax Deed Sale process work?

A deed is a document that transfers ownership to property. A tax deed is a special type of deed resulting from nonpayment of taxes.

In many U.S. states and Canadian provinces, Jerry Latepay is given many opportunities to pay his taxes. After multiple warnings, the county puts his property up for sale to investors, often for as little as the taxes, penalties and fees that Jerry owes. At a tax deed auction, the winning bidder receives the deed to Jerry's property. In some cases, Jerry may still have a short time to redeem after the sale; otherwise, the investor becomes the legal owner of the property.

The investor may have to wait a year or so to obtain a marketable title, but the investor may have just bought Jerry's property for a fraction of what it is worth.

What are the Benefits of Investing in Tax Deeds?

They can be summarized as follows:

Obtain property ownership for 50 to 90 percent below market value: Although it varies from state to state, in certain circumstances you can obtain an entire property for only the taxes and penalties owed. In many cases, you can obtain properties for 50 to 90 percent below market value

Investment secrecy: If few people have heard about tax lien certificates, even fewer people know anything about tax deed sales. When we started researching tax sales, we found very little information on how to invest in tax lien certificates and no information on how to purchase property at tax deed sales. However, many states have tax deed sales and there are more tax deed sales than tax lien sales. The supply of foreclosed properties almost always exceeds the demand. In the United States there are thousands of counties that have tax deed sales every year. At each auction, hundreds of properties may be available. Many states have so many properties that they have foreclosure lists based on how many years the property has been in foreclosure.

What are the Risks or Drawbacks of Investing in Tax Deeds?

The drawbacks of tax deed investing can be summarized as follows:

Liquidity: If tax liens certificates are not liquid investments, then tax deeds are even worse. In some cases you will have your money tied up for several years before you can sell the property, because title companies may not issue title insurance on the property until all liens are cleared and it obvious that clear title can be granted. This process can take more than a year.

Complexity: Tax deed laws vary from state to state.

Time: Tax deeds sales require a time commitment to learn the rules of a state and its counties, research properties and attend auctions.

Risk: Purchasing foreclosed property at a tax deed sale definitely has some risk. You must do your homework. Remember, once you buy a tax deed, you will own the property including all of its potential problems. In addition, title companies sometimes will not issue title insurance for at least the first year on any property bought at a tax deed sale. This means it could be hard to get a loan until it is clear that everything is fine with the property.

Capital: You definitely will need more capital to buy properties at tax deed sales. Although it varies from property to property and from state to state, you will likely need a minimum of $5,000 to $10,000 to get started in tax deed investing. Check local rules and regulations.

Much of the information in this press release is from our Guest on August 11^th, Michael Williams. Michael is co-author of the book and online course, Rogue Real Estate Investor Collection, a book that profiles the wide range of investing options available to real estate investors in one comprehensive 500-page manual that covers all 50 states and Canada. For two years, Rogue Real Estate Investor Collection has been one of the top real estate books on the Internet, selling over 5,000 copies.

Mid-America Association of Real Estate Investors announces Michael Williams of the Michael Williams one of the "Rogue Investors" here in Kansas City, joins us to discuss Tax Deed Investing on Tuesday August 11^th , 6pm at the Overland Park Marriott. This event is FREE for member of MAREI with a small guest fee. Please see web site for complete details at www.MAREInet.com or call 816-523-4400

Tax Foreclosure Sales Coming up in Kansas City Missouri

Kim Tucker (Tucker One Properties, Inc) — Sat, 01 Aug 2009 16:38:31 -0500

With the Tax Sales in the State of Missouri being in August, many people are asking:

•· What happens at the Tax Sale?

•· Can I get a good Deal?

•· What do I need to do?

So let's take a look at the Basics of the Tax Deed Sale and if you are in the Kansas City are, be sure to attend the August 11^th Meeting at the Overland Park Marriott.

What is a Tax Deed and How does the Tax Deed Sale process work?

A deed is a document that transfers ownership to property. A tax deed is a special type of deed resulting from nonpayment of taxes.

The investor may have to wait a year or so to obtain a marketable title, but the investor may have just bought Jerry's property for a fraction of what it is worth.

What are the Benefits of Investing in Tax Deeds?

They can be summarized as follows:

What are the Risks or Drawbacks of Investing in Tax Deeds?

The drawbacks of tax deed investing can be summarized as follows:

Complexity: Tax deed laws vary from state to state.

Time: Tax deeds sales require a time commitment to learn the rules of a state and its counties, research properties and attend auctions.

Tax Foreclosure Sales Coming up in Kansas City Missouri

Kim Tucker (Tucker One Properties, Inc) — Sat, 01 Aug 2009 16:32:04 -0500

With the Tax Sales in the State of Missouri being in August, many people are asking:

•· What happens at the Tax Sale?

•· Can I get a good Deal?

•· What do I need to do?

So let's take a look at the Basics of the Tax Deed Sale and if you are in the Kansas City are, be sure to attend the August 11^th Meeting at the Overland Park Marriott.

What is a Tax Deed and How does the Tax Deed Sale process work?

A deed is a document that transfers ownership to property. A tax deed is a special type of deed resulting from nonpayment of taxes.

The investor may have to wait a year or so to obtain a marketable title, but the investor may have just bought Jerry's property for a fraction of what it is worth.

What are the Benefits of Investing in Tax Deeds?

They can be summarized as follows:

What are the Risks or Drawbacks of Investing in Tax Deeds?

The drawbacks of tax deed investing can be summarized as follows:

Complexity: Tax deed laws vary from state to state.

Time: Tax deeds sales require a time commitment to learn the rules of a state and its counties, research properties and attend auctions.

FREE 2 Day Real Estate Training August 15th & 16th, Overland Park

Kim Tucker (Tucker One Properties, Inc) — Thu, 23 Jul 2009 06:55:35 -0500

Mid-America Association of Real Estate Investors Announces their partnership with David Lindahl to bring a totally free two day Wealth Building Conference to Overland Park Kansas on August 15^th and 16^th at the Double Tree at 69 Highway and College Boulevard.

WE HAVE HIT BOTTOM!

That's right, we have reached the bottom of the housing crash. Home buyers are now struggling to compete with investors who are picking up these properties for CASH! And CASH IS KING! Cash Buyers move to the front of the line! Don't be priced out of your next deal!

Special Offer from Mid-America Association of Real Estate Investors and David Lindahl: Attend our FREE Wealth Building Conference in Kansas City on August 15^th & 16^th and discover how you can prosper in these economic times.

Just go to www.DaveSecrets.com (that's Dave Secrets)

"The Real Estate Market Has Changed! Have You? I want to show you how to profit in TODAY"S market!"

Investors are back in the market. Learn about apartment investing and raising private money absolutely FREE.

You're just one deal away from retirement. Invest 2 days time in YOURSELF!

That's Right! Attend this event in Kansas City (Overland Park) on August 15^th & 16^th for FREE!

Jam packed event filled with information you can use to make money now in this economic market!

•· How to invest in real estate that goes UP when the economy goes DOWN.

•· How to break the cycle of work/sleep/work and get your first deal done in under 30 days!

•· No money? No Problem! How to attract all the non-bank money you will ever need to do your deals.

•· Plus other bonuses valued at more than $779

This special event is happening on Saturday and Sunday, August 15^th & 16^th In Kansas City at:

Doubletree Hotel Overland Park

10100 College Blvd, Overland Park, KS 66210 Phone 913-451-6100

Plenty of parking. It's from 8:00 am to 5:00 pm. (Registration begins at 7:30 am on Saturday)

You can't go if you don't register, so go to www.DaveSecrets.com right now to reserve your seat.

David Lindahl, RE Mentor, Inc. 100 Weymouth Street, Bldg D, Rockland MA 02370

Mid-America Association of Real Estate Investors is a trade association for the Real Estate Community in the Kansas City Metro. Providing networking and educational opportunities since 2003. Find out more about our association and our membership at www.MAREInet.com.

Calling all Realtors Who Work Short Sales

Kim Tucker (Tucker One Properties, Inc) — Tue, 14 Jul 2009 14:32:53 -0500

This is an article directed to the 1000's of very dedicated real estate agents out there who are working very hard to complete short sale transactions on their listings.

I know you have a lot of challenges on this front and deserve every single dime of commission you are able to wring out of the sale, if you can get an offer, get the sale approved, and actually get it closed.

So I have some ideas for you:

1. Find a few Real Estate Investor partners: so when they get a deal that needs short saled, but the property is too nice to get the price down where an investor needs it to be, well they refer these transactions to you. Then you don't need to be out there chasing listings and leads.

2. Connect with those same Real Estate Investor Partners: so one they might call you to list and work the short sales on deals they really want and two for you to call on those icky houses that need work and the only buyer is going to be the real estate investor.

As you get these deals, that you just can't find a regular buyer for, call up your real estate investor friend and see if he or she would like to make an offer. Here in Kansas City, Don & Joe will take a look at your short sale, and make a cash offer backed up with a line of credit letter so you can get the ball rolling. Yes it will be at an investor price, but you can get down to exactly what the bank will take at the start of the process instead of waiting for 4 to 6 months to get an offer that the bank can't work with and then they foreclose.

By getting an offer up front, the bank may take it or negotiate to a price that will work for the investor. If you can't come to a price, you will know exactly what the bank is willing to take and can adjust your price and marketing accordingly to actually sell the property before it goes to sale. And most investors, our office included do not want any part of your commission, unlike a buyer's agent who will want 1/2 of what ever you are getting and then complain about how long it is taking all the way through.

Then what happens if you just can't get a short sale worked. The bank will not come down and the buyer or investor just can't come up. Have you tracked what the houses sell for at the courthouse or other foreclosure sale? Usually for about the same price as the first offer, or even a little less. You worked all that time, the bank would not negotiate, then they turn around and sell it for the offer price you brought them in the first place. And YOU MAKE NO MONEY.

By working with the investor you have one more chance to make some money. Track the sale all the way to the courthouse and if you just can't get anything done, let the investor know the day and time it is going to sale, let them go and see what it sells for and maybe they will be able to pick it up for the same price they originally offered, maybe even less. And I would bet most Real Estate Investors who do this would be happy to pay you at least part if not all of your commission for a failed transaction.

If you are in Kansas City and work short sales on the Missouri side, please call our office with all of them - or at least email them to us at tuckeroneproperties@gmail.com. Obviously we can't buy all the properties, but we would love to take a look and make an offer - especially on rental properties that have a paying tenant in them. Can't help your sellers with Obama Money, but Tucker One Money might be just the ticket.

I am so upside down in my investment property.

Kim Tucker (Tucker One Properties, Inc) — Thu, 02 Jul 2009 10:31:39 -0500

To set the scene, about one or two years ago 1,000s of investors found some really great deals on properties that they could buy, renovate, and resell. (Some bought to rent) They put 5% to 10% down or through hard money rehab loans and refinance, may have bought with no money down. Based on the economy of the day, the buy was a great deal.

Then the bubble started breaking at different times over the past 2 years. Some could not get the home sold, so took a back up plan of selling lease to own and hoping the tenant buyer would cash them out quickly, but they took a while to do it and today, the house does not appraise high enough, so they are faced with taking a loss, or in some cases cash out of pocket because they now owe more than what the house will appraise and sell.

Others had the rentals cash flowing, but the taxes increased over the years, the insurance increased over the years and the interest rates on the loans increased. Their original plan was to refinance into lower rate loans after one or two years, but again with the glut of foreclosures on the market, the houses will not appraise high enough to allow them to refinance, if they can even find a lender that will refinance investment property.

All in all, they really want to sell this non-owner occupied property, but it appraises for less than what they owe and they are stuck. Many times the rent coming is just covers or in some cases does not cover the mortgage. They call me as the Director of the local REIA Group and ask me for advice.

First let me say I am not an attorney, and I would recommend getting competent advicee from the right people. But I am going to share with you what I have observed. Secondly, this is for non-owner occupied houses, if you live in your house, many of the new foreclosure laws will force your lender to work with you on many of the options I am going to share, but if it is non-owner occupied, you are pretty much at the mercy of the lender.

I would start with a phone call to your lender or lenders and outline the situation with them. You owe more than the house will appraise, the rent is barley or not covering the expenses, and you have to make some tough choices with funds coming in and you may let the house go into foreclosure. Also be armed with data on the area, how many bank owned houses are currently for sale in the area, how many boarded up houses are in the subdivision, how long it is taking bank owned houses to sell, and the prices they bring.

Ask them for your options that they can give you.

We called on some of our properties and they were willing to modify the loan. Your lender may or may not do this. They might lower your interest rate. They might reduce the amount owed. They might re-amortize over a longer period. They might put back payments on the end of the loan. They might do any combination of the above. And they might not.

Remind them of the new law. Remind them that your tenants just signed a 1 year lease and if they foreclose, they are going to have to manage your tenants for that year plus 3 months. Banks are not property managers, so they might be more willing to work with you.

If that works great, if not ask them about a deed in lieu. Would they be willing to take the house back and declare the loan paid in full. Some will, but others may want you to sign a note for the deficiency and get on a payment plan. May be ok if the deficiency is only a small amount, but most people are seeing deficiencies of around $20,000, and most people do not want to agree to paying off that $20,000 in debt. But it might be an option for you. You sign it back over to the bank and they write off the loan either with or without the deficiency judgment.

The last option, would be to see if they will consider a short sale. Never mind if you are current or not. Talk to them and let them know you will be late soon and many of the banks will consider your short sale option. If you can sell close to the amount owned, but not quite, they will be more willing. But if you owe say $60,000 and you can only get offers in the $15,000 to $20,000 range, they might not want to play, and again they might bring up the deficiency again.

If you want to try the short sale approach, contact your local REIA with your situation, and ask them for one or two people that work short sales in the group and see if they might take on your project. You could even work one yourself if you can get a member of the group to make an offer. Also note that often times the offer made on the short sale, will set the price of the sale at the courthouse. So if you can't get the deal worked, at least you have a rough idea of what the opening bid might be, and your person making the offer might be able to buy it at the courthouse. That's the way it works many times, so do with that what you will.

If you have tried what you can as the person or company that owes the loan and you just can't get anything to work, all is not lost, there are still options. For another resort, you might want to get with a loan modification specialist, they might be able to renegotiate your loan for a fee - usually about $1500 is what I have seen. They often times have an attorney review all your paperwork and find some mistakes that could be used to sue the lender, and the lender might back down and renegotiate as they loan could be set aside completely if there are mistakes, and almost every loan made in the past few years is going to have one or two mistakes in the paperwork somewhere.

Another option would be to find the note buyers in your REIA group. In this case they collect all the same information on what the house would sell for should the bank foreclose, plus all the cost of dealing with your tenant or dealing with the vacant property should it be vacant. But instead of going to the loss mitigator that modifies the loan or approves a short sale, they go to a person that can negotiate the sale of your mortgage itself.

It seems that the sale of notes and mortgages do not have the rules of loan modification and short sales. The sale of notes at a discount are a lot easier and the lender may be very willing to let your note buyer buy your note at a substantial discount. The bank gets the potential bad debt off their books, they don't have a loan modification, a foreclosure, a short sale, or a delinquency on their books. Then the note buyer becomes your bank, they then may be able to: (1) work with you to reinstate the loan at better terms that work for the rent you have coming in, (2) sell the property at a current value and get you out of the house, (3) partner with you in the deal in some way. Again go to the REIA group and see who buys delinquent mortgages.

I hope this give you some ideas. If you have a Kansas City area investment property that you are upside down in, please call our office at 816-523-4447. Or email kcmoHomeBuyer@gmail.com with the details on the house: (1) address, (2) beds, baths, etc, (3) rent and lease terms, (4) mortgage owed, payments, late fees, (5) condition of property and cost of needed repairs. We may be able to work a short sale or buy the note. We can't help everyone as we don't buy in all areas, but if we can't we may know someone who can.

As a note of the deficiency judgment, we had a debt collection company visit and speak at our RIEA group and they said the best way to stop a deficiency judgment in its tracks would be to declare bankruptcy. Then it goes away, but there are other issues involved with bankruptcy, so talk to an attorney to explore your options.

Kim Tucker along with her partners Don Tucker and Joe Reece have been buying and selling homes in the Kansas City Market since 1999. They are cash buyer's and can close quickly. They are buying to make a profit and will remarket most properties for sale shortly after the purchase to their pool of cash buyers looking for good rental property opportunities in the Kansa s City market. They can be reached at 816-523-4447 or at www.kcmoHomeBuyer.com. They also have industry partners that they can refer properties to if they do not fit their model.

Stopping foreclosure and buying notes and buying through short sales in Kansas City Missouri, Raytown Missouri, Grandview Missouri, Independence Missouri, Prairie Village Kansas, Mission Kansas, Roeland Park Kansas, Overland Park Kansas. Call us to stop your foreclosure!

Turn Key Rental Property in Kansas City, MO

Kim Tucker (Tucker One Properties, Inc) — Tue, 23 Jun 2009 14:17:18 -0500

8037 Michigan, Kansas City, MO - $43,500

Posted on June 12, 2009 by tuckerone

8037 Michigan, Kansas City, MO 64132

8037 Michigan

Kansas City, MO 64132

4 Bedrooms

2 Bathrooms

Full Basement

Detached Garage

This home has been renovated in the past few years and looks great. Currently Rented $875 Section 8

Section 8 Rent: $875

Section 8 Deposit: $600

Lease April 09 - March 10

Taxes $1158

Appraised

Income Approach: $87,550

Sales Value Approach: $90,000

Available Upon Request

Call Joe Reece

816-507-4203

View Larger Map

Intro to Commercial Real Estate Investing

Kim Tucker (Tucker One Properties, Inc) — Tue, 23 Jun 2009 14:14:17 -0500

Announcement

Mid-America Association of Real Estate Investors announces their July 2009 General Meeting Located at the Overland Park Marriott Ballroom on Tuesday July 14^th from 6pm to 9pm. Guest Speaker for the evening is Charles C. Connely, IV, CCIM, and Adjunct Professor in real estate in the Lewis White Real Estate Center at the University of Missouri ⿿ Kansas City Bloch School. He is the Treasurer of the CCIM Institute and on Board of Directors C. Who will be providing us an introductory presentation to Commercial Real Estate Investing.

Offering general overview of the different types of commercial real estate investment available and their corresponding tenants. Find out what are the management responsibilities of apartments, retail, office, industrial, triple net (NNN) properties, medical properties, mobile home parks, etc. What you need to know for financing, buying, and holding commercial real estate investing. As this is an introductory presentation, you should also consider classes through the Lewis White Real Estate Center at the Block School of Business & Public Administration at UMKC as well as an introductory course through the CCIM Institute.

MAREI's general meetings consist of a networking period where our vendors, sponsor, and speaker reserve tables to share their products and services. At the same time attendees can get together to network and exchange business cards and real estate deals. Our meetings are FREE for members of MAREI and have a small fee of $25 at the door. Non-members can visit our web site at www.MAREInet.com and pre-register through our calendar of events and save $10. To pre-register for this event, please visit our web site and click on calendar of events.

Mid-America Association of Real Estate Investors was formed in 2003 to provide Kansas City Metro area Real Estate Investors and Professionals a live and online venue to gain education and to network with each other. Created to provide an honest, ethical, trade association for area real estate in the area and across the country. Membership is $99 annually for one person and additional people may be added for $50 each. To learn more about us, please visit www.MAREInet.com or call 816-523-4400.

Details:

Host: Mid-America Association of Real Estate Investors

Speaker: Charles C. Connely, IV with an Introduction to Commercial Real Estate Investing

Location: Overland Park Marriott at 10800 Metcalf, Overland Park, KS

Date: Tuesday July 14^th, 6pm to 9pm

Cost: FREE for members of MAREI, $25 at the door for non-members

More Info: www.MAREInet.com or 816-523-4400

Private Lending Presentations, Kansas City, June 9th & 13th

Kim Tucker (Tucker One Properties, Inc) — Mon, 08 Jun 2009 19:43:23 -0500

Mid-America Association of Real Estate Investors Presents

DON DEROSA - PRIVATE LENDING 101

90 Minute Starter Presentation Tuesday June 9^th

Overland Park Marriott - 7:30 pm Fee for Non-Members

Meeting starts at 6:00 with Registration and Networking

MAREInet.com - General Meeting

All Day Workshop Saturday June 13^th

Johnson County Community College 9:00 to 4:30

Check & Networking starts at 8:30 Fee

MAREInet.com - Workshop

Don DeRosa presents

Using Private Money to Buy all the Houses You Want

The Ultimate System for Finding and Using Other People's Money

It's the best market to buy houses in years! But credit is tight. So you need to know how to find and use private money. Now.

Join Don DeRosa as he discusses how to get an unlimited supply of money through Private Lenders so...

You don't have to qualify for a mortgage
You don't have to pay thousands in points to hard money lenders
You won't lose a deal because you need quick cash
You don't sap your own credit line

Beginning investors and old pros can find immediate success using Don's simple system. Here are the five simple questions we'll answer about working with Private Lenders:

Why do you need private lenders?
What makes the perfect private lender?
Who are these private lenders?
How do you find them?
What paperwork and disclosures are needed?

Once you learn the answers to these questions, and combine them with the techniques for buying houses that Don will share, there is NO LIMIT to the number of houses you can buy every month. Think of that - your earnings potential is unlimited!

And, you'll hear exactly what Don tells potential private lenders to educate them and show what a safe investment alternative private lending is!

A few of the topics we will cover:

The 10 Top Reasons why you absolutely need to know how to get Private Money
Evaluating properties so you make $20,000 on every deal
How to know how much you'll need to borrow from your private lender
Don's top marketing tactics for finding private lenders
Building a Private Lending Credibility Kit
Disclosures you need to protect yourself and your lender
How to utilize 401Ks and IRAs
What paperwork you'll need
What the regulations are for your state
How exit strategies impact the type of lender you need

Here are just some of the reasons you absolutely need to know how to use Private Money for your Real Estate Investing...

Some deals don't work with traditional bank financing

•· You must close within days to get the deal - banks don't work that fast

•· The bank won't lend money without certain required repairs on a property

You won't survive the cash flow game if you use your own money -

•· Between acquisition costs, marketing, holding costs, repairs and selling expenses, you may exhaust you credit line

Having private lenders lined up increases your ability to make all-cash (read: lower) offers

•· Many sellers need cash now - you will have access to cash that your competitors don't

Exit strategies will be quicker and more profitable
You can negotiate flexible terms with your lender

•· Private lenders are more flexible with payment terms, making it a win-win for both parties

You do not have to share or split the profits with partners - paying 10% on borrowed funds is cheaper than splitting 50% of the back end profit
Banks will eventually limit the number of loans you can take out to buy investment property

•· When that super deal comes along that will make you $100,000 next month and you can't get the cash to buy it - you'll wish you had access to private money!

You can avoid high closing costs - to banks or hard money lenders

•· You'll avoid paying thousands out of your profits in fees and points that banks charge to make money

You don't use your credit, so no credit report is required
You can buy more expensive houses where the profit potential might be huge

90 Minute Starter Presentation Tuesday June 9^th

Overland Park Marriott - 7:30 pm Fee for Non-Members

Meeting starts at 6:00 with Registration and Networking

Visit with Vendors: Tucker One Properties, Inc., Realty Resource of KC,

REO Insurance, Tile and Stone Warehouse, T.O.T. L Renovations

7:15 Announcements

7:30 Presentation

MAREInet.com - General Meeting ß click to preregister

Non-Members $25 at door or $15 w/ preregistration

Never Attended, read June Newsletter for first time guest pass

All Day Workshop Saturday June 13^th

Johnson County Community College 9:00 to 4:30

Carlsen Center Room 211

Check & Networking starts at 8:30 Fee

MAREInet.com - Workshop

Print Paper Registration to fax to 816-523-4448

----------------------

About Don, who was featured in the NY Times best seller The Millionaire Real Estate Investor:

In the course of researching The Millionaire Real Estate Investor, we interviewed more than 100 millionaire investors from across the US and Canada. They were all people with extraordinary stories and success. Don DeRosa's story was compelling enough for us to profile him among the top 21 exemplary investors featured in our book. He clearly stands out as a knowledgeable investor who is playing the game at the highest level. We were extremely thankful for his contribution to our book...

Jay Papasan, Co-author of New York Times bestseller The Millionaire Real Estate Investor

Excellent "how to" tool to walk you through creating relationships with private lenders, including initiating contacts, collateral material, and documentation required for closing and working with self-directed IRA funds. Mary Ann T., Atlanta

This course connects all the dots for me. I had previously taken Don's other courses - Short Sale Profits Made Easy and Building Wealth with Real Estate. Private Lending 101 is the final piece to my real estate wealth puzzle. I look forward to making a great deal of money, thanks to Don...Barrett M., Decatur, GA

Book Launch starts today

Kim Tucker (Tucker One Properties, Inc) — Fri, 15 May 2009 11:35:58 -0500

My friend Dan Auito is putting together a book - Be a Real Estate Heavy Weight where he is collecting how to's and what's working best from top real estate investors from across the country. He plans to have a series.

Today at noon he is starting the book launch with a "leak of the first 2 chapters". Guess it's not a leak if he is sending it out, more of a preview for marketing. Anyway it just cost your name and email and he will send you access.

click here to find out more.

Immediately get access to the first 2 chapters and you will finally learn exactly what is working in today's real estate economy.

Donwload it and READ it now, see if you can find some implementable ideas or something that gets the brain waves working and then reply back to this post with some of your own what's working best ideas/

Kim

How’s Your Stock Broker Doing - Part 1

Kim Tucker (Tucker One Properties, Inc) — Sat, 18 Apr 2009 17:40:30 -0500

I received this email today from another company that offers you a place to invest your money in real estate. It said exactly what I think many people should think about, so I am posting it here on my blog:

I spent a small portion of my week canvassing local stock brokers, financial planners, and so-called "non-conventional" financial planners (code for insurance salesmen) and the statements above are what I gleaned. I actually approached them as a prospective client, letting them know I was "shopping" for a solid financial planner with a clear vision on how to protect and grow my money. I asked things like "what kind of protective measures did you have in place for clients last September"? "Would you say your client portfolios are up or down on average"? "Did you ever recommend moving cash to the sidelines or give any warning"?
Was it fair to ask mere mortals if they saw it coming? If they had a plan? Didn't everyone get hurt? Is that supposed to make anyone feel better? The fact is yes, it was fair of me to ask professionals that get paid to manage money how they performed and if their clients are the better for it. And unfortunately of all the planners I spoke with- not one had an average portfolio of clients in better shape this year than last. Not One! But they are hopeful for the future and see "unprecedented opportunities" in this "rebuilding phase" and began telling me of the stocks that have been "unfairly" devalued and what the future holds. The fact is, they wax philosophical about the future but would rather not look at what has recently happened and seem to ignore what still lurks. I love a positive attitude as much as the next guy, but stop blowing sunshine up my skirt when the rain hasn't stopped yet! This is not to say all planners are this way nor meant to cast a dark shadow on their intentions. This was a small, local "study". It is meant to encourage you to ask your own questions and maybe start investigating alternative income streams because these are the facts....

Fact 1: Stock market values are at a 12 year low (July 1997- Dow at 8,038.88) erasing over 9 Trillion in worldwide wealth.

Fact 2: March 9, 2009 Dow hits 6547.05, down 53.78% from highs of October, 2007 of 14,164.53 and on the horizon?... Fact 3: Jobless claims reached over 6,000,000 for the first time in US history Fact 4: Housing starts down 10.8%, the second biggest drop since records began 50 years ago! Fact 5: It's time you get involved in your finances and look at your investment strategies differently than in the past. Fact 6: There is a solution that provides safety, diversity and a great rate of return - the ABC's of intelligent money management

Investing with the company that wrote the email, but I want to insert here, investing Real Estate and Mortgage notes with a plan . . . (see some future posts)

This is a reprint from my blog at www.TuckerOneProperties.com