14 07 july kreia newsletter by KREIA .com

Vol 14-07

President’s Letter page 1

2014 Election Results page 5 Welcome New Members! page 5

“John Schaub” LIVE Training! page 3 and page 5

5 Mistakes Investors Make! – John Schaub Page 14

Thanks for a Good Job! Page 5

John Schaub! Saturday Workshop! Sat. July 28th Register Now! page 5

About John Schaub Page 7

Brand New KREIA

Indiana Sub-Group page 7

Add Your Properties! Page 9

Monthly Newsletter for KREIA Members Presidents Message Hello Fellow KREIA Member WOW!!! What a meeting. Thanks to our local SHARKS and their victims. Due to the huge response from our members the sharks will return for September’s meeting. Dennis Erhard Get your DEALS ready!!!!!! If you haven't tried the NEW and IMPROVED website out yet, give it a go. Just click on "get a new password" and it will be emailed to you. Lots of new content including an area to sell your properties and rent members DEALS. NEWS BULLETIN !!!!!!!!!!!!!!! JUST IN, John Schaub will be your featured speaker at Thursday night’s meeting July 24th. Special appearance by John Schaub at KREIA's monthly meeting while in town to visit LOUISVILLE KY.'s Fuller Center for Housing ( Thanks again RUE McFarland for bringing Louisville into the National Spotlight again). While in town John Schaub will teach an all day Saturday workshop on July 26th at Wildwood Country Club at 5000 Bardstown Rd. This is a MUST attend event for all serious real estate investors. Go to Kreia.com and click on event to sign up TODAY!!!! Check out class topics while you are there. Class Limited to 50 attendees due to room size. KREIA is working to secure larger space " NO GUARANTEES" 1st come 1st serve. Don't miss out on the meat and potatoes event of 2014!!!!!!!! Thanks to all members who voted. We had a record # of voters this year. Just goes to show you times are changing as KREIA moves into hyper drive and expands its member Benefits. BEWARE of lots of New and improved benefits, "COMING TO KREIA.COM" Stay tuned and pay close attention in the near future. Presidents lunch and learn turned out 16 hungry investors. Topic was online resources. Thanks to Eric George even the president learned a few tricks. See you next month. 46 showed up to LOTS. WOW Hope to see everyone at LOTS next month. YOUR President Dennis Erhard Quote of the month: " Its not how much money you make, Its how much you Keep! Learn to live a tax sheltered lifestyle" RUE McFarland

Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

KREIA Newsletter

President Dennis Erhard

Vice President Frank Miller

Secretary Treasurer Treasurer Elect David Thomas Mike Grinnan CPA Wally Kallbreir

Board of Directors

Mike Butler

Tamara West

George Foree

Duffy Ford

Eric George

Dan Jones

Erik Jamie Greenwell Hitzelberger

Fred Helm

Rue McFarland

Fred Butler

Demetrius Dowdle

published monthly and serves both as a newsletter and a reminder notice of your upcoming monthly meeting. KREIA is a member only association focused on education, networking, and resources for today’s investor and to educate real estate investors from the basics to the complex. We are an excellent choice for all levels of investors. Whether you are just starting out in real estate investing, or are working on your hundredth deal, KREIA can help you learn more, earn more, and have more fun doing it. To Subscribe to the KREIA Newsletter is simple and easy. Go to KREIA.com and join the Kentuckiana Real Estate Investors Association. Group Discounts are available. To Advertise in the KREIA Newsletter To Advertise on KREIA.com To Sponsor A Monthly Meeting To Sponsor A LOTS Program Please contact News@KREIA.com

KREIA Sponsorships Diamond: Full Page Ad + Table + Pre-

Meeting Speaker Only $995 or $99 mo.

Gold: Half Page Ad + Table + PreMeeting Speaker Only $499 Silver: ¼ Page Ad Only $299 Parliamentarian Hank Schildknecht

Past President Connie Horsey

Your KREIA Leaders are involved and chair several committees to make KREIA happen every month for you and your fellow KREIA Members. Get involved with KREIA. You can help with the monthly meetings, L.O.T.S. Program, this newsletter, Saturday Workshops, Government Affairs, Social, Annual Picnic, Marketing, the new KREIA website and more PLUS You Get EXTRA KREIA Points for everything you do! Get phone and emails of all KREIA members with the new KREIA Online Member Directory. Reach out and tell them they are doing a great job! (It makes them do more for KREIA!)

Business Card : Ad Only $149 Event Sponsor: Meeting, LOTS, Saturday Seminars, and more! ----------------------------------------------------Place Your Ad Now at KREIA.com --------------------------------------------”KREIA Advertising is by far, hands down, the absolute best advertising dollar ever spent for Borders & Borders!”

Harry Borders, B&B Attorneys

John Schaub July Meeting & Saturday Seminar! Thursday, July 24 Main Meeting: Pre-Pay Now for BIG Door Prize Drawing - Click KREIA.com

Saturday Workshop July 26th – Register Now! This Will Sell Out! Only 50 Seats Available!

 Generating Cash Flow 24/7  Negotiation Secrets of a Professional Buyer  Retirement Investing - Retiring Sooner With More!

Members

Only $99 2 for $149

Guests

John Schaub

Only $149 2 for $199

--------------------------After Early Bird Expires

John Schaub has prospered during three recessions, four tax law changes and interest rates ranging from 6-16% in his 35 years as a real estate investor. His 2005 best-selling book, Building Wealth One House at a Time, assisted more than 50,000 real estate enthusiasts on their way to successful investing. His 2007 book, Building Wealth in a Changing Real Estate Market, is available online and in bookstores.

Members $129 Guest $199

John recommends buying better, well-located houses rather than cheaper houses and other managementintensive properties. Better houses are more profitable and far less trouble. He advocates paying off debt, owning properties free and clear, and renting only to long term, high quality tenants. John buys, sells and manages his own properties, and enjoys providing quality housing at fair prices for working families in his community. He teaches two Making It Big On Little Deals seminars each year where students learn how to identify the best investment property in their town, how to buy it at below-market prices, and how to negotiate terms that guarantee a profit. John also invests his time helping those who cannot afford to buy a home through conventional sources through his work with Habitat for Humanity and the Fuller Center for Housing. John has served for more than 20 years on the board of Sarasota Habitat, 7 years on Habitat's International Board and currently serves on both Habitat's US Council and on the board of the Fuller Center for Housing. John, a Florida native, is a proud graduate of the University of Florida, where he earned his B.A. from the College of Business Administration in 1970. He is an accomplished boat captain (power and sail), fisherman, skier (snow and water) and an instrument-rated pilot. John loves to travel, especially with his wife Valerie and young adult children Jay, Megan and Tyler.

5:30pm Early Meeting – Rick Boarman “Benthall Brothers” Windows, doors, siding, gutters, and more BIG Q&A Session! Copyright MMXIV Kentuckiana Real Estate Investors Association•PO17592 • Louisville, KY• (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

Special and sincere thanks to your outgoing officers and directors Chris McCarty, Jean Hall, and Mark Hass. Each has served on the board for over 10 years and kept KREIA alive during big economic meltdown in 07,08,09. Chris and Mark are both two term past presidents. Your Board will greatly miss their experience, wisdom, and attention to making KREIA the best in the USA. If you see Chris, Jean, or Mark at the meeting, please let them know how much KREIA appreciates all of the hard work and effort for over a decade. WOW! Perhaps we can figure out a way to share our comments on the new website below. Thank You Chris, Jean, and Mark for a job well done!

2014 KREIA Election Results The annual election for KREIA officers and Board members was conducted at the regular June meeting on June 26, 2014. The polls were open from 5:30 pm to 7:00 p.m. There were 55 votes cast. The election results are as follows: President Dennis Erhard Vice-President - Frank Miller Secretary David Thomas Treasurer Mike Grinnan Treasurer-Elect - Wally Kallbreier Those elected for a 2 year term on the Board: George Foree Jamie Greenwell Erik Hitzelberger Fred Helm Eric George Mike Butler Elected for a 1 year term on the Board Fred Butler Demetrius Dowdell The newly elected officers and Board members will be duly installed and take office at the July meeting. Attorney Hank Schildknecht Election Committee Chair Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

HE EST OF OHN CHAUB  Generating Cash Flow 24/7  Negotiation Secrets of a Professional Buyer  Retirement Investing - Retiring Sooner With More! Saturday, July 26th

Doors Open 8:30am Class 9am-4pm Wildwood Country Club, 5000 Bardstown Rd. Louisville, KY 40291

Includes Hot Lunch Buffet! Register Now KREIA.com Here is some of what you will learn in your fast paced day with John:  Putting together the plan to increase your cash flow every month for the rest of your life

 Finding the most profitable deals in your town

EARLY BIRD DISCOUNT!

 Buying only the properties that will make you the most money  Negotiating the most profitable terms when you buy  Borrowing without personal risk at terms that guarantee you a profit  Attracting and using investor money to increase your rate of return

SATURDAY SEMINAR

Members

Only $99 2 for $149

Guests Only $149 2 for $199

 Negotiating contracts that will close

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

 Ten ways to improve your offers to close on more deals

Early Bird Expires July 24

 Getting and keeping the best tenants in your town

Members $129 Guest $199

 Giving your tenants incentives so you never have to work nights or weekends  Building a management team that will free you to make more deals or just have fun  Selling in a hurry at retail prices  How to get your first ten houses free and clear – in ten years or less

Hurry! Only 50 Seats Available! Early Bird Discount Registration Early Bird Discount Expires July 24! Register now at http://kreia.com

Copyright MMXIII Kentuckiana Real Estate Investors Association•PO17592 • Louisville, KY• (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

Your NEW Website!

It is simpler and easier for you to use! Everything happens on KREIA.com.

Boatloads of New Features and Benefits for YOU!

 Simple log in using your email address

Your KREIA website is not complete and volunteers are working very hard to implement each and every new feature and benefit. Thanks in advance for your patience. How To Log In: Place your mouse over the “My Account” on the far right. A drop down list will appear and click on “Sign In.” Update Your Contact Info: Place your mouse over the “My Account” tab on the far right and a drop down list will appear. Click on “My Profile.” In order to get your hard copy KREIA newsletter mailed to you, you must have a valid mailing address entered in your profile. Do You Have a Property For Sale or Rent? Now you can enter your property with photos on KREIA.com. This includes properties for sale and for rent. Simply place your mouse on the “Properties List” tab to see the drop downlist and click on your selection. This is ABSOLUTELY FREE for all active KREIA Members!

 You can track and see your own payment history for your dues, meetings, seminars, training and more  PLUS you get your own free website!  You can add your own properties for sale or rent!  a Huge Glossary helps you understand real estate language and Terms  Real Estate Investor Articles  Home Study Courses  Pre-Pay for Monthly Meetings on KREIA.com  Registration for LIVE Training events on KREIA.com  View your account history and events attended  Online Active KREIA Member Directory  Includes FREE Website for all active members, Online mentoring program will be available soon!  And Many More Features and Benefits on the way!

“OTHER RESOURCES TAB” will display a drop down list PLUS the Big 2% REBATE Program from Home Depot! of articles, home study courses, and a big huge glossary Simply go to “My Profile” and you can sign up right on giving you the definitions and more of real estate terms your KREIA.com website. and lingo THE BIGGEST CHANGE in your new KREIA website: Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

Louisville Landlord Fatally Shot By Tenant Over $58 Electric Bill Yes, this happened in our own back yard, not New York City, L.A. or Chicago. Never in a million years did this landlord imagine something like this happening to him.

showings and appointments, safety is put on the back burner whether you want to admit it or not. Your BIGGEST culprit allowing this to happen is that gadget growing our of your ear. – your Cell Phone.

Our prayers and sympathies for his family in this trying time. I did not know this landlord personally, but I trust that many Here’s a few tips to help keep you and your loved ones safe: KREIA members did know him. 1. NEVER Go Alone – take someone with you When working with my Life Coach especially after my own 2. KEYCHAIN PEPPER SPRAY– invest in small personal tragedy, he constantly reminded me size and attach to your keychain. Train yourself to keep “Mike, stop asking why?.. There is no answer” your finger on trigger as you approach and exit your vehicle and properties. Replace it with “What did you learn?” 3. COMMON SENSE: avoid confrontation at all costs! This Our American Society has gradually become more insane, at includes not only your tenants, but contractors and least by real estate investors standards or expectations. vendors, and includes high crime areas. Very little crime Just recently during a 4th of July celebration in Chicago, the happens during business hours or while the kids are in home of strictest gun laws in USA, 84 people were shot and 14 school in high crime areas. It seems the criminals stay up people were killed! late and sleep in till about 3pm when the kids get out of school. You might want to brush up on your people skills. Back to my Life Coach’s question “What Did We Learn?” 4. Cell Phone GPS: although I don’t know how to set it up, There are two obvious critical areas to address and they are many smartphones allow GPS to track your location. SAFETY and PREVENTION. This not only applies to Share it with family and they know where you are. landlords and real estate investors, but also to all of your family members, friends, and co-workers. We get so wrapped up in pursuing deals, open houses,

Mike Butler

Welcome New KREIA Members! Keith Crume Chris Roney Tina Durbin Jason Hanson Jerome Hettich

Cheryl Johnson Angel Allen Justin McFarland Stacey Sherrard Jonathan Leal No Member Spotlights were submitted Please submit yourself or a fellow member

http://kreia.com/submit-member-spotlight

August 28 Meeting

Just like the TV Show “SHARK TANK” – You will present your deal to the KREIA SHARKS panel for funding, strategies, partnering and maybe even sell it on the spot to a KREIA Shark or two. You must complete the online form in order to present your deal to the SHARKS. Go to KREIA.com to enter. KREIA members who submit their deal online with photos will get to present their deal to the SHARKS during Thursday’s meeting. Deals will be submitted to the SHARKS in the order they are received. After you submit your deal online, it will be turned into a powerpoint slide show for the SHARKS and audience to view as you describe your deal.

CLICK TO SUBMIT Your Deal To The SHARKS on Aug 28

Simple fill-in-the-blank Online Form Please NOTE: Your info submitted will put into PowerPoint Presentation For All To View Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

Rick Wardlow, Joe Gribbins, Allee Harmon, Bill Dollinger, Frank Miller Call 502-489-5515

http://wardlowauc.com Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

Add Your Own Properties For Sale or Rent on KREIA.com

Active KREIA Members Now You Can Add Your Properties FOR SALE and FOR RENT

Here Are Five Mistakes Active Investors Make As They Approach Retirement: 1.

They fail to accumulate enough liquid assets. Banking is not what it used to be. Borrowing is harder and borrowing becomes harder as you get older.

They don’t have a backup management plan. There may be a time in your life when you need someone to take over the management of your property and perhaps your investments. Now is the time to begin training that person.

John Schaub

They think they are too smart and too experienced to get scammed. If you are not watching the CNBC TV show American Greed, it’s time to start. It often features successful retired investors who get scammed, sometimes for all that they have. Don’t think that it can’t happen to you: it can happen to you! It’s has happened to some of my brightest friends.

They don’t raise rents aggressively enough. You can get complacent, especially with longterm tenants. Rather than risk losing them, you leave their rent the same for years. Expenses go up and with inflation they may rise rapidly. It is a mistake not to regularly raise rents, at least a little, every year.

They break their own rules. If you have been successful, you have established rules and policies for acquiring, financing and managing your investments. It is important that you stick with these rules, especially when markets change. Millions were lost during the past run-up and crash by retired investors who strayed from the rules that made them rich.

PO Box 91225 Louisville, KY 40291 Return Service Requested

.com

KREIA’s Monthly Meeting!

Thursday July 24th

5:30 EARLY MEETING

RICK BOARMAN- “BENTHALL BROTHERS” windows, doors, and more

John Schaub LIVE TRAINING! “Making It BIG On Little Deals!” PLUS Saturday Seminar, July 26th