Wichita Means Business

of guardian over 120000 employees now worldwide. While how many in the United States then probably close to 70000. He's just listening yup and then over 3600 of which tolerant yeah it's hard to tell usually

join us and he whether us. Today we'd like to talk about real estate and more specifically investment real estate . I'm investing in rental properties and flipping bouncer resale which of course. As a very popular trend going on in that in our area around here I believe in but we have a special guests and our first segment today that really is an authority. An expert in this field retirement doctor Stanley long offer. Who's the founding director of the W issue center for real estate and it's a Stephen Al Clark chair real estate and finance in the Barton school of business. And Wichita State doctor Stan thank you for being here today well thank you

over there and I know that your focuses of course on the real estate and you have a big a report that you do every year in which we'd sure like to talk about that but I would give us a snapshot if you would of of all the things that your directing over at Wichita State sure well I'm a professor. In the business school at Wichita State and we have one of the only four year degree programs in real estate in the region the only wanted to -- -- Kansas and so I oversee that program and teach a lot of the real estate courses including real estate investments development. General introduction to real estate real estate finance and so forth but in addition I'm the director of the center for real -- which is an outreach center to try and really bridged the divide between what we do with the university in terms of our teaching -- our research and the professional community and so through the center for real estate we provide research services and analysis for real estate professionals and for government officials and the general public about what's going on in real estate markets around the region one of the real advances we've had here recently was an expanded new website that we unveiled just last year and on that website we now provide a lot of data and two graphs and analysis of real estate markets not just Wichita but every major market in the state and so we'd really encourage people to to look at that website when they're trying to analyze and understand what's going on in real estate markets . If you're listening or following along today waiting courage to do that right now. You can go to that website and check out some of the details it's a real estate dot Wichita dot edu right that's right if you put into a search engine Wichita State real estate our website will be one of the first ones that comes up as well we really try and serve the community at Wichita State's by taking the expertise that we have is researchers and as teachers who are really spending a lot of time developing a deep understanding of our different areas of expertise. A part of our role is to then be able to communicate that and serve the community at large by answering questions in dealing with issues that are related to our particular field so that's just a great resource for entrepreneurs and people that are just interest and real estate that's amazing that we have that right here in which Todd take advantage and it's the only regents school in the state

your neighborhood that's when you really need to work with the practicing real estate professionals whether it's a realtor or whether it's ever appraiser. To get specific information about what's going on in your neighborhood and

of help advice and things to watch out in four we have cooking show hosts several of them today and those are always stand by some very good shafts and fashion shows there's just. All sorts

art of writing okay this is going to be just a wine cooking show . So they'll teach you how to cook with wine and then there's. All while we already had that I get mixed up on the days I was is that we had it at a fashion expert but that also happens on stage twice twice as well OK so. Just time's gone on all day long right now last night I think you had the girl's night out had a again. It was lovely. That you mentioned god Bauer he he did his wine tasting in it was fabulously we had a shaft that night do that we had. A hair show. That should show. Restaurants there

certainly interesting and and all the new styles and models. Of the pool tables and ping pong tables and some shift gears a little bit to the ping pong tables I've got. My boys that they eleven play ping pong and we've actually worn out there actually broken couple of ping pong tables over the years. The less expensive versions you know that we've had them one of my anchor Gaza. At a garage sale but you've got some really cool ping pong tables I love looking out over there. Right well in note ping pong manufacturer. Or table tennis manufactures there's a lot of good ones out there. In knowing we've tried them all but right now you know Brunswick came

more solid the better of the play. For the series. You know table tennis players so we have it but. With the three tables would also provide different price points. Or you know for the customers.

another option. OK so if somebody let's say they're considering. Buying some rental properties look at are their wanna they wanted to maybe. Even I guess look for our a different home our second home. As is auctioned. New method is set a good way to go we're fine though a lot of the proper. Rhesus on auctions sometimes our investment properties . The it's not just investment properties or sign auction and they are commercial properties are single family homes or. You know you multimillion dollar properties are selling as well so. For an auction to work it just that you had to figure out what their nieces and stuff are. That definitely investment properties are great way to buy. Probably 60% of all property is sold are probably more of the investment properties . A case of it when there's an auction of the a certain date and time I make. It's kind of boil this

position now I have got a after all these years darted through high school work and part time for the folks and then 19. Graduated high school actually started and may 1975. Full time first demanding now been their recipients when did you buy the business of folks decided

eat. He gets what people. You know are trying to do with retirement planning and saving for college in all this stuff than you can talk with them you know scheduled timed it to go in

this. What are your long term goals. You know do you wanna save for retirement you wanna send your kids your grand kids to college are you trying to pay off the house blog as a pitcher