january 2015 newsletter
DESCRIPTION
Newsletter for Mid-America Association of Real Estate Investors featuring Eddie Speed and Note InvestingTRANSCRIPT
INVESTMENT NEWS
MEETING
LOCATION
Holiday Inn & Suites Overland Park West 8787 Reeder Road Overland Park, KS
Top Floor Sunset Ballroom
Real Estate Investor Meeting
On January 13th, 2015, at MAREI’s Monthly Meeting, 32 year industry veter-
an, Eddie Speed will present “The State of the Industry 2015”. See the supporting
data of the Shift in the Industry that points to the Need for Every Real Estate In-
vestor to learn the Note Industry in the next five years.
Industry Shifts
The fact that the smart money, such as Wall Street Hedge Funds, has already
noted the changes and taken appropriate actions for huge profits in the future. In
order to profit big just like the smart money, investors must first familiarize them-
selves with the shift that has taken place in the market.
New changes in government regulations have posed new challenges that must be
counteracted such as rising prices, lack of inventory, falling profit margins, in-
creased competition and increased issues with landlords. Investing in the note
industry comes with a range of benefits spanning high national inventory, discount
buys of up to 70%, less competition, huge investment returns, no issues with land-
lords, exemptions by Dood-Frank, payments from government funds, streams of
passive income to payouts in lump sums.
Tuesday’s Meeting is FREE for member’s and has a cost of $25 at the door or
$15 if you preregister on the calendar of events at MAREI.org.
Mid-America Association of Real Estate Investors Newsletter January 2015
Buying or Selling Property? MAREI members post properties on their own free website.
Properties flow through to the MAREI website where they are sent out to the Member Data-
base and the MAREI Facebook pages. If you are buying, please check our website, if you
are selling, please join and market your property
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What is a Note ~ Eddie Speed
Most real estate investors have heard of the “Note Business” but many misunder-stand it while others think that it is completely separate from the real estate busi-ness. The fact is, most real estate investors are in the note business, and they just don’t know it. The note business is the financing side of the real estate business.
Note Business in the Simplest Terms
The note business is based upon the purchase, sale and assigning of two docu-ments: the promissory note and the mortgage agreement. These two documents represent a promise to pay and a solution for non-payment.
When someone borrows money to purchase real estate, they have to sign an agreement to promise to pay it back. This agreement also outlines the terms of the payback. This written promise is not enough to get a loan. This promise must be backed by collateral of value, which is typically the real estate itself. The collateral agreement pre-authorizes the foreclosure of the property if the debt is not paid according to the promissory note.
Move from the Paying End to the Receiving End of the Business
So if you have ever borrowed money from a traditional lender, private or hard-money lender, or even a property seller, you have been in the “note business”! Well, you have been on the paying side of the note business. Why not get on the receiving end of the note business!
In the receiving end of the note business, you can receive monthly cash flow with-out the headaches and liabilities of being a landlord, lump sum cash payouts, or even end up with the property at 30 to 40 cents on the dollar!
Acquire Property or Cash Flow for Pennies on the Dollar
Today’s inventory of both performing and non-performing notes is so massive that it doubles the number of foreclosures since 2008. This supply has prices for notes at historical lows but it will not last forever.
Non-Performing
When you buy a non-performing note on a vacant home, you will acquire a Deed in Lieu or foreclose and end up with the property. You are a real estate investor simply acquiring property in a different way.
If you buy a non-performing note on an occupied property, you will either modify the loan to start receiving monthly cash flow, get a Deed in Lieu or foreclose.
Performing
When you purchase a performing note, you acquire long term, real estate backed, monthly cash flow. Today, these assets can be purchased for 60 cents on the dollar. That is an unbelievably good deal. No land lording, no hassles, just auto-matic monthly deposits into your account.
Note = Promissory Note = IOU (I Owe You)
Mortgage = Collateral Agreement = Foreclosure Agreement
BUSINESS
directory
Service Company Contact Phone Web
Auction Company Cates Auction Staff 816-781-1134 CatesAuction.com
Contractor Building Trades Robert Massey 816-868-1817
Contractor Discover Heating & Air Curt Whitlock 816-500-2970 Discover HVAC.net
Contractor Supply Choice Cabinets Karl Dunivent 816-343-8887 ChoiceCabinet.com
Contractor Supply Home Depot George Neal 816-510-9199 HomeDepot.com
Contractor Supply Odor Universe Mike Riddle 816-718-9136 OdorUniverse.com
Contractor Supply Sherwin Williams Mike Steiner 816-589-8506 SherwinWilliams.com
Hard Money Great Plains Funding George Hersch 913-735-6605 GreatPlainsFunding.com
Hard Money Investor Choice Funding Dave Williams 303-500-7088 InvestorsChoiceFunding.com
Hard Money Kansas City Investor Funding JJ Pawlowski 816-916-4593 KCInvestorFunding.com
Hard Money Longhorn Investments Mike Friedl 913-634-6386 LonghornInvestments.com
Home Buyer kcmoHomeBuyer Don Tucker 816-200-2198 kcmoHomeBuyer.com
Insurance Asset Protection Insurance Lisa Goodner 877-752-2742 APIAProtects.com
Investor 3B Real Estate Investments Bob Hult 913-940-0992 3BREI.com
Mortgage Pulaski Bank Beth Langston 816-234-8660 PulaskiBank.com
Realty Realty Resource Staff 816-523-4400 RealtyResourceKC.com
Realty & Management Arrow Realty Candace Davis 913-956-5003 ArrowRealtyKC.com
Realty & Management Home Rental Services Kandy Meehan 913-469-6633 Home4Rent.com
Realty & Management Jamieson Home Team Kevin Jamieson 913-384-8331 JaimesonHomeTeam.com
Security COPR Cage Geoff Miles 816-398-4045 COPRcage.com
Title & Escrow Accurate Title Jackie & Tina 913-338-0100 AccurateTitleCo.com
Title & Escrow Alpha Title Patsy Archer 913-498-8999 AlphaTitleLLC.net
See full details on all Business Associates at MAREI.org/Business-Directory/
Mid-America Association of Real Estate Investors does not render legal, tax, economic or investment advice. All pro-
grams, properties and services are provided with the understanding that Association is not engaged in rendering legal, tax,
or other professional services. If legal, tax or other expert assistance is required, the services of a competent professional
should be sought. Everyone should complete their own due diligence!
Contact Us
Learn more about Mid-America Association of Real Estate Investors
Chapter of National REIA
Kansas City Office 8014 State Line Rd, Suite 210 Leawood, KS 66208
(913) 815-0111
Visit us on the web at www.MAREI.org
Why Every Investor should
Learn the Note Business
One Day Workshop
To simply continue to pursue the discount buying and exit strategies we have al-
ways used will severely limit your investment opportunity and profit margins.
These adjustments have created both problems and opportunities that Veteran
Note Investor Eddie Speed will discuss on Saturday January 24th!
Eddie Speed has been selling out similar Saturday training events across the
country, so be sure to register early, there may not be any at the door seats avail-
able. Saturday, January 24th, Holiday Inn at 8787 Reeder Road in Overland Park,
Check in at 8:00 and start at 8:30. We will be serving Lunch .
Want more info, visit our website at MAREI.org .
Member Discounts Home Depot 2% Rebate
Sherwin Williams Discount Card
Office Depot Max Discount Card
Rentals.com 20% Off Reg Price
ISC Tenant Screening
More . . . .
Visit the Business Directory!
New Location We are excited to announce our new meeting location at the Holiday Inn &
Suites at 8787 Reeder Road in Overland Park, KS. Conveniently located just
off 69 & I35 Highways at 87th Street.
Meeting Agenda 6:00 pm: Networking & Vendors
6:00 pm: Announcements & Introductions
7:30 pm: State of the Industry with Eddie Speed
9:30 pm: Late Night Networking at Whiskey Joe’s Bar & Grill