What is a Qualified Opportunity Fund? A qualified opportunity fund is any investment vehicle organized as a partnership or corporation for the purpose of investing in one or more qualified opportunity zones. An opportunity zone fund must hold at least 90 percent of its assets in qualified opportunity zone property. Learn More: We have a resource with links for our readers online at www.marei.org/ opportunityzones/
DOUBLE CHECK BEFORE YOU WIRE In the news a few weeks ago, a Lawrence Man wired $88,338 as the down payment on his home. There is a law suit against the Title Company, Mortgage Company and Real Estate Companies failed to warn him of the scam whereby hackers find out about the transaction, pretend to be some person in the transaction and then email bogus wire instructions. Thinking the bogus instructions are legitimate, the person wires away their money, never to be seen again. So for all our readers, be sure to warn any buyers or private lenders of the scam and give them some extra steps. 1. Make sure you provide the person doing the wire with a phone number and name of a contact at the title company, preferably over the phone or via text, not in an email.
changes in wire instructions as they very rarely change. And keep in mind that in several cases, title company, mortgage company and real estate company have all be found liable for not making clients aware. So we advise all of our readers in these industries as well as real estate investors selling houses or borrowing fund privately to warn clients of these issues. Locally, Kansas City Regional Association of Realtors has released a notice to provide to buyers or sellers that their member Realtors can use and anyone could adapt to their own needs. Access the form on our Blog at www.MAREI.org/ WireFraud
REVIEW YOUR PLAN FOR 2019 As we wind down 2018, its time to put in the planning for 2019. Our good friend, Trevor Mauch over at InvestorCarrot.com is going to be hosting his annual webinar for real estate investors on planning, live on December 29th at 9 a.m. For those that can't make the call, don't worry, he is recording it. So what is Investor Carrot? Well is is a website and marketing platform that has helped real estate investors generate over 1.5 million leads in 3 years. And Trevor is the brains behind the operation.
2. Have person then call the title company for wire instructions, that will hopefully be sent via secure email that is password protected and encrypted.
So what is Investor Carrot? Well it is a website and marketing platform that has helped real estate investors generate over 1.5 million leads in 3 years. And Trevor is the brains behind the operation.
3. After receiving the instructions, then call the title company or closing agent to verify.
On this absolutely FREE training, Trevor will take a deep dive into
4. And advise them to be very wary about
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The Annual Planning process he uses at Carrot that took them from $400k in revenue to over $3.5 annually in just 3 years. His worksheet for “Daily Productivity” that gives you clarity on what is most important in your day for 2019. Why he does not work 8 hours a day. And his “Energy Audit”
Register for this Trevor’s Epic Planning Webinar at www.MAREI.org/Epic2019
DISPUTING REAL ESTATE TAXES The tax bills came in the mail last month. Do you think yours was a bit too high? . We did a little research to get the basics:
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