Vol 14-12
Monthly Newsletter for KREIA Members
HAPPY HOLIDAYS! President’s Letter page 1
Welcome New Members! page 6 Ed Melton Award page 3
Home of the Innocents BIG TICKET ITEM AUCTION Page 5
Calendar of Events Page 6
Comedian Hypnotist Brian Madrid Page 7
Govt Affairs Update Louisville FOOD HUB Page 9
FedEx Bringing 600 New Jobs pg 10
December NO LOTS MEETING
President’s Message: Greetings Fellow Investors!
Dennis Erhard
The Holidays are fast approaching and will be here before we can blink twice. Tradition continues our November / December meeting, due to the Holidays, will be on December 11th this year. This year promises to be special. A Wine and Cheese social will take place instead of early meeting. Thanks to Mike Grinnan for sponsoring the complimentary Wine and Cheese. I would encourage every investor, new and old, to join in the festivities and take advantage of the networking opportunities compliments of Mike Grinnan CPA. We also have a live auction featuring 4-6 big ticket items with 100% of the proceeds going to the kids at the Home of the Innocents. Please check the website for the auction preview. Thanks in advance to Rick Wardlow & Joe Gribbins for conducting the auction. The next tradition is the presentation of the Ed Melton Award; KREIA's highest honor. Last, but definitely not least, please welcome to KREIA Brian Madrid. This show promises to be a hypnotic experience with lots of laughs. There will be no LOTS program or Lunch and Learn at Rooster this month due to the Holidays. Happy Holidays and Keep on Investing, Your President Dennis Erhard Quote of the Month: “Every great dream begins with a dreamer. Always have within you the strength, the patience, and the passion to reach for the stars to change the world. “ Harriet Tubman
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
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.
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THE ED MELTON AWARD
The old timers in KREIA had the privilege to know Ed Melton, Sr. Ed was, without doubt, the greatest recruiter in the history of KREIA. Every person that Ed came in contact with regarding a real estate matter was told of the merits of the Kentuckiana Real Estate Investors Association and encouraged to join. Ed was an active member on the KREIA Board of Directors on which he served for many years. He was also a dedicated mentor to many novice investors and enjoyed passing on his experience and wisdom. I had the privilege to work with Ed for many years as his attorney. It was a unique learning experience for me to close Ed’s contracts and observe first hand his methods of insuring a true win-win situation for all parties involved in each transaction.
2006--Jim Gardner 2007--George Foree 2008--Alan Johnson 2009--Dick Vreeland 2010--Connie Horsey 2011--Noble Roberts 2012—Jay Long 2013—Gene Dyson As you can see from reviewing the above named recipients of the award, each of them has been very active in KREIA and greatly contributed to its success.
On November 20, the prior recipients of the Ed Melton After his death in 1998, the Board of Directors created Award met for our annual reunion. The purpose of the gathering is to talk about the relationship that all of us an award to be given in his name. The board established the following criteria to be used in selecting has had with KREIA, remember and pay tribute to Ed Melton, and to select the person that will be honored each recipient: this year. This year we also mourned the death of Contribution to membership education; Rosetta Melton, the sixth recipient of the award given Development of fellowship; in honor of her late husband. Active recruitment of KREIA members; and Active participation in the real estate industry. The following individuals have received this most coveted award. 1998--Mark Lechner 1999--Rue McFarland 2000--Chris McCarty 2001--Hank Schildknecht 2002--Chris Dischinger 2003--Rosetta Melton 2004--Joe Hampton 2005--Mike Butler
Attached is a photograph of those that were in attendance that evening. As you can see, we as usual had a great turn out of the prior recipients. I can assure you that each member of the selection committee has taken his or her mission very seriously in designating a deserving KREIA member to receive the award given in Ed’s memory. This will be the 17th year that the award has been presented. It is one of the highlights of the year, and we look forward to honoring this year’s recipient at the December meeting. Henry Schildknecht (502) 893-4494 phone (502) 893-4495 fax hankatty@gmail.com
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.
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BIG TICKET ITEM
Auction Services Donated by Rick Wardlow Auctions
Real Estate Closing Donated by
Meghan First Call
Donated by Harry Borders
Donated by
Pete Youngs
Copyright MMXV 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.
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Welcome New KREIA Members! Tim Luckett Bruce Jackel Ed Hardman Craig Fithian Raymont London Jeannie Lucas Tammy Cundiff Hershel Brannen
Warren Jackel Brett Kennedy Chuck Burke Bryan Lyles Jonathon Roark Brad Lammi Craig Jennings
No Member Spotlights were submitted Please submit yourself or a fellow member
http://kreia.com/submit-member-spotlight
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.
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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.
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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.
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Government Affairs Update from Rue McFarland October 17, 2014 Louisville Metro Government 1. Louisville Metro Planning staff has finished its review of round two of the Land Development Code proposed text amendments. The Land Development Code (LDC) Round Two Text Amendments draft is published on the Planning & Design Services website. The LM Planning Commission Public Hearing was on Monday August 11 from 1-5PM at the Old Jail building at the corner of Liberty and Sixth Streets. Representatives of GLAR were at the hearing and the Planning Commission passed all recommendations except for the changes to transportation and landscaping. As the Planning Commission is finalizing the last few sections of the LDC changes, the Louisville Metro Council has held its first committee meeting on the proposed changes. The Ad Hoc Land Development Code Committee chaired by James Peden held its first committee on the subject on Monday September 8. The next meeting of the Land Development Code Committee is scheduled for Monday October 20th at 3 PM. GLAR representatives will be present. Follow this link to view the full documents: http://www.louisvilleky.gov/PlanningDesign/Land+De velopment+Code+Improvement+Committee.htm
New Louisville Food Hub In a move to strengthen the production and distribution of locally grown food in Louisville, Mayor Greg Fischer this week granted a 24-acre vacant parcel of land in the West End worth $1.2 million to developers of a "Louisville Food Hub." Where National Tobacco Co. once dried, cut and packaged tobacco purchased from Kentucky farmers on 30th Street, the new commercial agriculture park will process, store and distribute locally grown foodstuffs.
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.
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Fedex Could Bring Hundreds Of Jobs To Louisville The plans indicate a more than 300,000-square-foot distribution facility would be located on about 46 acres in the second phase of Blankenbaker Station Business Park. Big facility, big jobs numbers Information on the application indicates that the FedEx facility could bring hundreds of jobs to the area. Calculations used to determine parking show as many as 572 employees working multiple shifts in the 289,000square-foot warehouse. The plan does not list the number of workers who would work in a nearly 15,000-square-foot office that would be part of the building. Hollenbach said the facility is being built to eventually house about 600 workers. By comparison, FedEx competitor United Parcel Service Inc. (NYSE: UPS) operates the Centennial Hub sorting facility at the Renaissance South Business Park. That 258,000-square-foot facility, which opened in 2008, now employs more than 1,500 workers. 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.
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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.
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KREIA’s Monthly Meeting! Thursday 5:30 EARLY MEETING - WINE & CHEESE
D OME
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COMPLIMENTS OF
ELTON HE
OMEDIAN
Dec 11th
MIKE GRINNAN CPA
WARD
NNOCENTS
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YPNOTIST