Issuu

Vol 03-17 March 2017

President’s Letter Page 1 MAIN MEETING: Real Estate Fundamentals Page 3 Upcoming KREIA Events Page 4 KREIA Connections: Eric George and Mike Butler Online Page 4 Welcome, New Members! Page 4 News Byte: Dog Bite Ruling Bites the Dust Page 6

Government Affairs Update Page 10 KREIA Photos Page 10 In-Depth Look at Last Month’s L.O.T.S. House Page 11 Investors: Your Branding Sucks — Let’s Fix It Page 14

Monthly Newsletter for KREIA Members

To All Fellow KREIA Members:

Let me start off by saying residential and commercial real estate are booming right now, and if you have ever thought about being in the business, now is the time to take the leap and at least try it out part-time, while you still have your regular income from your full-time job! Frank Miller You cannot miss the next KREIA meeting on March 23rd, 2017. The main topic will be “Real Estate Investing, Fundamentals For Success”! We will have local experts on the panel to speak to you on how to run a successful business in the real estate world! These local investors, who will guide you through their knowledge, have done very well in the real estate business, and you better come prepared to take plenty of notes and ask questions. Also by the way we have been having a lot of members and guests asking our president, Frank Miller, if he has a mentoring program for new beginners or even some of the guys and gals who have been around for a while to polish up on their skills in this awesome business. Well, you are in for a treat! After sitting down and discussing this with fellow members, I have decided to launch a brand new mentor training program exclusive for members of KREIA. We will launch this program in April. Stay tuned for more information and the specifics of the costs and structure! I am very excited to offer this for the first time ever! If there are any concerns or suggestions with KREIA in general, please do not hesitate to contact me at News@kreia.com. Sincerely, Your President, Frank Miller

2017 Mentor Workshops Page 19 News Byte: Housing Inventory Low in Louisville Page 19 Copyright MMXVII 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.

Your KREIA Leaders

President Frank Miller

Vice President Eric George

Secretary Dave Coffey

Treasurer Treasurer Elect Mike Grinnan CPA Wally Kallbreir

Board of Directors

George Foree

McFarland

Rue

Erik Hitzelberger

John Jones

Lauren Willoughby

Darin O’Neil

Tamara West

Dan Jones

Jeani Bryant

KREIA Newsletter is published monthly and serves both as a newsletter and a reminder notice of your upcoming monthly meeting. KREIA is a members-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 Half Page Business Membership Ad + Table + Pre-Meeting Speaker Only $499

Business Card Membership: Ad Only $199

Event Sponsor: Meeting, LOTS, Parliamentarian Hank Schildknecht

Saturday Seminars, and more!

Past President Dennis Erhard -----------------------------------------------------

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.

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

Reach out and tell them they are doing a great job! (It makes them do more for KREIA!) Copyright MMXVII 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.

R.E.I. Fundamentals for Success Hit the ground running with what you need to make a go of real estate If you can’t sing like Adele, play like Kobe, or innovate like Elon, and you want to be rich — or at least financially free — try real estate. It’s been the vehicle ordinary folks have used to achieve wealth for hundreds of years. Are you a new investor or an old hand who could use a bit of a tune-up? This month at KREIA the goal is to educate you and inspire you, to point you in the right direction with a roadmap that will help you bring down your first deal — or reinvigorate you to tackle your hundredth. What do you think of when you think of real estate... Renting to tenants? Flipping a house? Flipping a contract? This month four experienced local investors are going to lay out the syllabus for getting started. Among them they’ve bought, they’ve sold, they’ve rehabbed and they’ve landlorded. Each has been doing this for years, and each has his favorite way to do things. Dan Jones, Dennis Erhard, Darin O’Neil and Eric George will be sharing their experiences of what has worked for them in the Louisville market, and maybe what has not worked so well. So, be sure to show up by 7 p.m. at March 23rd’s main meeting and bring your questions — they’ll answer as many as they can while also covering an ambitious list of topics: • Local websites you MUST know • Types of business strategies for real estate investing • Types of business entities and which is right for you • Setting goals and staying committed • Getting funding for your deals • Marketing for deals • Analyzing deals • Writing offers and contracts

Dan Jones: Landlord who invests in cash-flow rentals

Dennis Erhard: Roofer, cash-flow landlord

Darin O’Neil: Sells on lease with option

Eric George: Business owner, rehabber, landlord

• If you like the sound of what’s on the menu for Thursday’s main meeting, be sure to attend the Saturday workshop (March 25) — it’s six hours’ more instruction. It’s a deeper look into real estate investment fundamentals, with much more open Q&A with our experts. See Page 19 for more information. Bring your notepad or laptop and be ready to take LOTS of notes!

5:30 p.m. Early Meeting: Using LLCs Active Members: $20 • Guests: $30 • Former Members: $30 Receipt Auto-Emailed to You for Your Records

Attorney Harry Borders, of Borders & Borders, will talk about how to properly use LLCs (limited liability companies) for asset protection. Get your questions ready!

Copyright MMXVII 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 CONNECTIONS

Featured Events

Talking Energy Efficiency with Eric George You hear from KREIA Vice President Eric George every month at the main meeting. But did you know you can also hear him online? Eric was recently interviewed by Greg Fleischaker on his local podcast, Perspectives, Episode 127. The topic was energy efficiency in homes — tune in for Eric's tips about how to prevent air leakage around windows and ductwork. Eric, owner of Building Performance Group, a company that checks for compliance in new builds, also explains why you won't have to meet new efficiency standards in your rehabs — with one notable exception. Have a listen at http://bit.ly/k1703eric

Early Meeting: ???

Upcoming Events

Free Training With Mike Butler KREIA past president Mike Butler is a landlording legend. In fact, he’s written the book on landlording (look up “Landlording on Autopilot” at Amazon.com). He gets you plugged into time-saving systems, and he teaches boot camps on creative financing — next month he’ll be conducting his 3-day “How to Buy Without Banks” boot camp. And he’s offering training for free: Every Tuesday at noon you can go online to soak up real estate knowledge and ask questions in his “Power Lunch Chalk Talk” webinars. Check out the sign-up form at http://bit.ly/k1703mike

Welcome, New KREIA Members! Donovan Arp Karl Brehm Brian Davis Shannon Denniston Joseph Hotka Brent Jordan

Michael Morris Greg Nalley Antonio Palmer Ralph Pawlak Wade Ramey Kasandra Ramsey Corey Ritter

Jesse Roberts Abigail Shouse Barry Shouse Jessica Wuchterl Jared Yates

 March 27 — noon-1 p.m. L.O.T.S. event. Location TBD. Lunch will be provided for KREIA members.  April 12 — 11:45 a.m.-1:30 p.m. KREIA Indiana Sub-Group Luncheon Meeting. Meets the 2nd Wed. each month at Tucker's Restaurant in New Albany on State Street and I-265. Open to all — you buy your own lunch. Brian Haeseley chairs.

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Dog Bite Ruling Bites the Dust Kentucky lawmakers have approved a bill that removes liability from landlords whose tenants’ dogs bite others while on the landlord’s rental property. Associated Press reporter Bruce Schreiner writes that the bill, which received a 32-5 vote in the Kentucky Senate in early March, negates a 2012 Pixabay.com ruling that would make landlords liable even in cases where they weren’t even aware of the dog’s existence. Responsibility is returned to the dog’s owner. The bill is now headed to Governor Matt Bevin’s desk. Read the full usnews.com story here: http://bit.ly/k1703dog

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thelogsdongroup.com • (502) 657-9534 Do You Want Your Business Card to Appear Here? Join as a Business Card Member for only $199/year, and see your ad in a year’s worth of KREIA newsletter issues! Copyright MMXVII 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 Greater Louisville Association of Realtors March 3, 2017

KREIA

Photos

HB112 - AN ACT relating to dogs. Amend KRS 258.095 to modify the definition of persons who would qualify as the owner of a dog for purposes of that chapter. Current Status: Bill sent to Gov. Bevin (see Page 6 for more info) HB243 - TRESPASS (MOFFETT, P) AN ACT relating to trespass. Amend KRS 511.070 to allow notice of trespass to be given through the placement of identifying purple paint marks on property; require any owner or lessee who marks his or her real property in such a manner to also provide clear written notice forbidding entry; provide that the written notice requirement will cease to be operative within one year of the effective date of this Act; create a new section of KRS Chapter 150 to require that the Department of Fish and Wildlife Resorces inform the public of these provisions. Current Status: 2/9/2017 - (H) Referred to Committee House Tourism & Outdoor Recreation

Taxes were the topic of last month’s main meeting, and CPA Mike Grinnan was the man of the hour.

HB270 - MANUFACTURED HOMES (JOHNSON, D) AN ACT relating to manufactured housing. Create a new section of KRS Chapter 186A to require filing of an affidavit of severance with the county clerk when a manufactured home is to be removed from real estate located within the county; include requirements for information included on the affidavit of severance; require the county clerk to provide a copy of the affidavit of severance to the property valuation administrator. Current Status: 3/2/2017 - (S) Referred to Committee Senate Transportation (Continued on Page 18)

KREIA members gathered in to listen as hosts Dave and Lynn Fralick broke down rehab costs at last month’s L.O.T.S meeting. Photo by Erik Hitzelberger Insurance for the Real Estate Investor realprotect.com

Do you take photos at KREIA meetings, LOTS meetups and other KREIA events? Help us out! Send your snaps to News@kreia.com

Fairdale L.O.T.S. Home: A Closer Look Dave and Lynn Fralick tackle a HUD house off New Cut Road Dave and Lynn Fralick got into real estate investing in January 2014 after attending a FortuneBuilders seminar. At the time Dave was working for the Post Office and Lynn as a social worker for the city. There was little traction for their real estate endeavors at first, Dave said, but over a year ago he retired from his day job. “That’s when our business started growing, and I started dedicating more time to it.” Then Dave asked Lynn to come work with him, and together they’ve flipped a few houses and purchased five rentals. After finishing up a flip over on Samuel Street in German- The house at 9317 Pinto Court has 4 bedrooms and 3 bathrooms. Photo by Bryan Lyles town, they jumped on a HUD lot of flooring.... We left the kitchen cabinets, and we just house in Fairdale that they’d seen last spring: It had gone sort of spruced everything up,” Dave said. “About the only under contract to another buyer but came back on the thing I didn’t replace was the roof on the house, as far as market in the fall. The repair list they’d put together at the mechanicals and things.” Their budget was $45,000. time was still valid ─ the house was in the same shape ─ so A new water heater went in, along with a new furnace they put in an offer to hudhomestore.com. and A/C, though the Fralicks picked a different contractor “They were asking $105,000, and we offered $107,500.” for the HVAC because they found a better deal. The Fralicks’ bid for the house on Pinto Court was accepted, The Fralicks redid the master bath and, upon advice and they closed in November and began the rehab in early from their stager, moved the kitchen sink. They gutted the January. moldy basement. Dave said the previous owners had built Dave and Lynn chose a general contractor ─ Todd Perkins interior basement walls right on the carpet. with Home Makeover. “It really needed a lot of paint and a On this project Dave did mostly managing and no hammer swinging ─ a change from the Germantown flip ─ but he said he wanted to choose the flooring, lighting fixtures, tile, granite and backsplash himself. So he purchased and hauled over some of the materials, leaving the rest up to the contractor. Dave met with the contractor every Wednesday for a walkthrough: “He’d have me an invoice for the previous week for the work he had done, and I’d write him a check.” Dave said he plans to work with the contractor again. “They do quality work. If you look at the painting ─ the lines ─ they do nice work.” For funding, the Fralicks used the services of Mortgage Man’s Mike Fallott. “I’ve used him probably five times. Dave and Lynn Fralick. Photo by Bryan Lyles (Continued on next page) Copyright MMXVII 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.

(Continued from previous page) He’s easy to work with. As long as you figure his cost into your budget, you’re OK.” Lessons Learned The house he flipped just before this one, the older house in Germantown, went way over budget ─ the planned budget of $55,000 ballooned to $90,000. But Dave said that the project turned out to be a great learning experience, and he’s sharing some of the lessons: • “Vet your contractor extremely well. Go look at their projects.” In particular, make sure your contractor has completed a project as big and complex as the one you’re planning to undertake. “I had worked with this guy before, but he had done a small project for me. He didn’t really have the infrastructure to do that job.” • “On those old houses over there, you probably need to add 20-25% to your budget as a contingency.” Dave said there were things they missed ─ a leaky basement and a leaking incoming water line ─ that needed to be dealt with. But the market was appreciating and the area was hot, so they ended up making money. Dave also offered this tip to new investors: “Don’t get discouraged. The first couple of years I was comparing myself to other people.”

A stager decorated the house, helping turn it into a showpiece. Photo by Bryan Lyles

THE NUMBERS Acquisition Costs: $110,934 Estimated Gross Profit: $39,278 Private Lender Fee: $3,900 Rehab Costs: $44,875 Estimated Net Profit: $35,378 Carrying Costs: $5,000 Closing/Selling Costs: $9,413 Sales Price: $209,500 Visit KREIA’s private Facebook group to view more photos. Why is it called “L.O.T.S.”? Because we Learn On The Site!

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Call 888-445-FLIP or visit us online at www.surepointequity.com Copyright MMXVII 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.

Investors: Your Branding Sucks 5 ways to fix that now By Sharon Vornholt

story and that’s what makes you unique. Have you ever felt invisible in your marketplace? If you can Maybe you didn’t live honestly answer yes to that question, I’m 100% sure it’s on the streets or have a because your branding sucks. near fatal illness that set Does this sound like you? you on your path to success, • You feel like the best kept secret in town but YOU have a story, and • Maybe you have a good reputation, but you’re not well it's up to you to tell it. known (we’re not counting your friends and family). • You’ve been at it a while and the customers you have are #2. Your Customer Avatar happy, but you just don’t have enough of them What exactly is this? • You’re doing okay, but you know that’s just not good Your customer avatar enough represents the person that • You’re losing out to competitors because their marketing is your ideal customer or is better or they’re well known your dream customer. For • You know something needs to change, but you have no investors that will be a motivated seller. idea where to start when it comes to branding There are some investors who don’t want to work with You know your branding sucks, but how do you fix that? people in probate. They think it’s creepy or they feel uncomfortable having those conversations. That’s OK. Those What Exactly Is Your Brand? folks are definitely not YOUR ideal customer if that sounds like Your brand is how people feel about you. To put it another you. way, it’s what people say about you after you leave the room; If you are a closing attorney, your ideal customer might be it’s how they see you. The visual components of your brand agents, especially if you don’t like working with investors. are certainly important, but they are secondary to creating (Although I can’t imagine that.) A roofer might prefer working that “feeling.” with insurance companies over consumers or vice versa. You One thing I know for sure is that when someone has a get the idea. strong brand, it’s because they were in charge of creating that When you get clear on exactly who your ideal customer is, brand. you stop trying to attract “everyone.” Everyone is NOT your ideal customer. When you are just marketing to the masses, What Are the Major Components For Up-leveling Your what happens is you end up attracting the wrong customers. Brand? You know – the ones you hate working with. If you’re ready to take your brand to the next level, here are some things you need to do. There are a lot of #3. A Great “About Me” Video on Your Website components to a brand, but when you think about up-leveling You probably know that you need an “about me” page on your brand, there are 5 things to focus on first. your website. One of the things that should be on your “about me” page HERE ARE MY TOP 5 is your compelling story. But did you know that having a professionally produced “about me” video on your page can #1. Your Compelling Story dramatically increase your credibility? People might not remember much about you, but at the Now I’m not talking about a quick iPhone video. I’m talking end of the day, they will always remember a great story. about a quality, professional video. These will cost you a little Crafting your compelling story is critical. You want to put bit of money, but they are huge for building credibility and together your story in a way that compels people to want to your brand. work with you rather than your competitor. If you’ve ever felt invisible in your marketplace, having a Now you may be thinking you don’t have a story. But quality “about me” video on your website will go a long way before you even say it, you do have a story. Everyone has a toward fixing this. Copyright MMXVII 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.

#4. Professional Photos Don’t we all hate this one? Most of us would rather have a root canal than have a professional photo shoot; however, this is really important when it comes to branding. It’s also important to have the right photographer for your photo shoot. You need someone who will be able to capture your personality in those photos. Here’s an example. If you are a casual guy even when you are dressed up, you won’t want formal photos (think suit and tie) for your branding photos. For a woman, you definitely don’t want to be thinking “glamour shot.” It’s important that they capture your true personality. When you consider the huge impact it will have on your brand, this is money well spent. #5. Your Authority Book So, you think you don’t have enough expertise to write an authority book? I want to tell you that just simply isn’t true. If you have been in business for any length of time, you have a book in you. Writing an authority book is the ultimate credibility piece. Take a look at your competitors for just a minute. Who in your immediate area has written an authority book? I’m pretty sure that answer is “almost no one” no matter where you’re located.

Branding, Books and Beaches If you’re ready to take your brand to the next level, you should definitely check out the 3-day event I’m co-hosting April 21st-23rd 2017 in Jacksonville, FL called Branding, Books, and Beaches. At this event you will learn everything you need to know about up-leveling your brand. You will get a professional photo shoot and a professional branding video done right there at the event. While you’re there you will also begin writing your authority book. Be sure to check out Branding, Books and Beaches here at this link: http://brandingbooksandbeaches.com. Sharon Vornholt Louisville Gals Real Estate Blog http://louisvillegalsrealestateblog.com/

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(Government Affairs Update: Continued from Page 10) HB284 - PROPERTY VALUATION (MEREDITH, M) AN ACT relating to property valuation and declaring an emergency. Amend KRS 132.690, relating to property valuation administrator (PVA) inspections to establish that improvements to real property be inspected on-site, in person visually by the PVA or his or her deputy, and that subsequent inspections may be either on-site, through the use of digital imaging technology, or by other means approved by the Department of Revenue; amend KRS 133.120 to provide for an extension of PVA taxpayer conferences and subsequent appeals for up to 25 days, as approved by the department; amend KRS 133.030, relative to the county board of assessment appeals, to accommodate the changes relative to the extension of appeals; amend KRS 133.125, 132.220, and 133.045 to conform; EMERGENCY. Current Status: 3/6/2017 - Senate State and Local Government, (Bill Scheduled for Hearing) HB296 - WORKERS COMPENSATION (KOENIG, A) AN ACT relating to workers compensation. Amend KRS 342.020 to limit the obligation to pay medical benefits indefinitely for certain permanent partial disabilities; limit medical benefits to age 70 or four years after date of injury, whichever is later, except for permanent total awards or awards involving prosthetic devices which continue for as long as the employee is disabled; limit

the number of urine drug screens for which an employer, insurer, or payment obligor is required to pay; amend KRS 342.035 to require the commissioner of the Department of Workers’ Claims to develop, adopt, and implement treatment guidelines and a pharmaceutical formulary on or before December 31, 2018; amend KRS 342.040 to reduce the amount of interest paid on awards; amend KRS 342.125 to clarify that the four-year reopening window begins only from the date of the original order granting or denying benefits; amend KRS 342.185 to provide a statute of repose for cumulative trauma claims; amend KRS 342.320 to increase limitation on attorney’s fees to $18,000; amend KRS 342.700 to extend subrogation recovery of medical expenses and delete reference to legal fees and expense; amend KRS 342.730 to allow payment of temporary total disability benefits to be offset for net wages paid to an employee during a period of light-duty work or work in an alternative job position; amend KRS 342.990 to conform; specify the applicability of substantive changes to claims arising on or after effective date of Act and remedial changes to all claims irrespective of injury date. Current Status: 3/6/2017 - Senate Economic Development, Tourism, and Labor, (Bill Scheduled for Hearing)

2017 KREIA Mentor Workshops Experienced local investors show you how it’s done Join four local real estate experts on Saturday, March 25, for a 6-hour exploration into real-estate investing fundamentals. Dive deeper into what you need to know to be successful in 2017! Got questions? Sure you do! Save up all your questions and get answers during the open Q&A period. Dan Jones: Left to right: Dan Jones, Dennis Erhard, Darin O’Neil and Eric George.

Topics We'll Cover: • Goal Setting & Staying Committed • Picking your best investment strategy • Types of business strategies for investing • Wholesaling • Rehabbing to sell • Buy-and-hold rentals • Business entity structure • LLC, S-Corp, C-Corp, Sole Proprietor, etc. • How to fund your deals • Local/regional banks • Private money lenders • Mortgage brokers • Owner finance • Marketing for deals • Online, direct mail, etc. • Analyzing deals • Best practices for estimating repairs • How to do “comps” for as-is and ARV • Writing offers and contracts • Working with an agent on MLS listings • Using simple contracts for unlisted properties

Saturday, March 25, 2017 9 a.m. – 3 a.m. KREIA Members: $99 Non-Members: $199 Home of the Innocents Hockensmith Building, Basement 1100 East Market Street Louisville, KY 40206 Sign up at kreia.com. There will be a working lunch.



NEWS BYTE

Louisville Housing Inventory at Record Low

month's dropped to only two months. The number of listings in Louisville last month plunged to 1,998 homes, according to Pryor — quite a fall from the 5,736 listings in Home buyers in Louisville are facing a record shortage of February 2014. And the median sales price this February was $155,000. homes to choose, finding increased competition and higher Last year it was $139,000. It's a good time to be a seller! prices. Read the complete story at Insider Louisville: Insider Louisville reporter Tre Pryor writes on March 8 http://bit.ly/k1703inventory that while a six-month housing supply is normal, last Copyright MMXVII 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.

PO Box 91225 Louisville, KY 40291 Return Service Requested

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KREIAâ€™s Monthly Meeting! Thursday, March 23, 2016 5:30 p.m. Early Meeting: Attorney Harry Borders discusses proper use of LLCs

7 p.m. Main Meeting: Investing Fundamentals Hit the ground running: Real estate pros cover fundamentals for investing success

PRE-Pay Now at KREIA.com to Qualify for a Big Door Prize Drawing!