Providing Education, Resources & Networking Since 1978 Kentucky’s premier investment club for landlords, rehabbers and wholesalers Meeting the 4th Thursday of every month (except November & December) KREIA.COM • facebook.com/groups/kreiaky • twitter.com/reiaky
Monthly Newsletter for KREIA Members
Vol 04-18 April 2018
President’s Letter
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Sponsorship Rates
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Ask the Experts: Four longtime, experienced investors share tips and stories of their success
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Welcome, New Members!
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KREIA’s Code of Ethics
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Hank Schildknecht: Preview of KREIA’s 2018 elections
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Sharon Vornholt: Hello from 2028. Has your marketing plan brought you the success you envisioned a decade ago?
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KREIA Photos
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L.O.T.S. Recap: Dr. Madeline 13 Hicks follows vision in makeover of 100-year-old Highlands house Mike Butler: Updates on Mike’s 18 new book, “Landlording on Autopilot, 2nd Ed.,” and on Section 8 Government Affairs Report
KREIA Members! We had another amazing meeting last month that broke the attendance record at Woodhaven! 275 people came to learn how to build wealth with rental properties, and our Saturday workshop was also a big hit, with 55 people who got a full day to learn from our local pros Mike Butler, Erik Hitzelberger and Clay Smith. Eric George This month we’re bringing in more local experts from a variety of real estate niches to share stories of their successes and failures, offer tips and answer your questions. Rue McFarland, Katie Crotzer, Mark Hass and Tamara West will be the experts on our panel. This will be a GREAT opportunity for you to ask ANY questions you can think of! No questions are off limits here, so bring a big notebook, lots of questions, and be ready to “Ask the Experts” anything April 26th! As always, please remember that KREIA is completely run by volunteers for the benefit of all members to learn, network, and educate one another. Without our members and volunteers, KREIA could not exist. If you enjoy learning at KREIA and would like to give back and volunteer in any way, please contact Rick Littrell (Membership Committee Chair) at DerbyCity@Littrell.biz! Lastly, I wanted to let everyone know that elections for the board are coming up soon as well, so if you are interested in joining the board please let me or any of the other board members know to include you on the ballot. Joining the board gives you many advantages, including exclusive networking opportunities, inside info on the local real estate industry before it’s released to our members, FREE admission to our monthly meetings, and 50% off member pricing for our Saturday workshops! See you at the meeting! KREIA President Eric George
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Copyright MMXVIII 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 Eric George
V. Pres. Erik Hitzelberger
Advertise With KREIA
Secretary Treasurer Treasurer-Elect Dave Coffey Mike Grinnan CPA Wally Kallbreier
Board of Directors
Put your message in front of the most active rehabbers, landlords and wholesalers in the state! KREIA offers five membership levels for businesses. Go to KREIA.com and join at one of these annual sponsorship levels to get your ad in every issue of KREIA's newsletter and be invited to make sponsor pitches at meetings:
Business Card Membership . . . . . . . . $199 Includes your business-card-sized ad. Admission at monthly meetings remains $20. Premium Levels: These four sponsorship levels include your ½-page ad in each issue!
George Foree
Rue McFarland
Lauren Willoughby
Darin O'Neil
Parliamentarian Hank Schildknecht
Past Pres. Frank Miller
Dennis Erhard
Tamara West
John Jones
Jeani Bryant
Rick Littrell
Mike Fallot
Clay Smith
Hampton Scurlock
Get involved with KREIA. You can help with the monthly meetings, L.O.T.S. program, this newsletter, Saturday workshops, Government Affairs roundups, marketing, the KREIA website and more. PLUS You Get EXTRA KREIA points for everything you do! Ask for someone to direct you as you check in at the front desk at monthly meetings.
KREIA's newsletter is published monthly and serves both to educate and to remind you of upcoming monthly meetings. About KREIA: The Kentuckiana Real Estate Investors Association is a members-only, nonprofit organization focused on education, networking and resources for today's investor. 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. Group discounts are available. Contact us at News@KREIA.com if you want to: Advertise on KREIA.com • Sponsor a monthly meeting Sponsor a L.O.T.S. program • Sponsor Saturday Workshops
Bronze Membership . . . . . . . . . . . . . $499 Includes free admission to monthly meetings for one person. Silver Membership . . . . . . . . . . . . . . $699 Includes free admission to monthly meetings for two people. Gold Membership . . . . . . . . . . . . . . . $999 Includes free admission to monthly meetings for two people and gives you a skirted table in the vendors area. Platinum Membership . . . . . . . . . . $4,995 Includes everything the Gold level offers, plus extra promotion from KREIA. You'll be our designated events sponsor, and we will promote you accordingly! New ½-page sponsorship levels and pricing are in effect for new member signups and upon renewal for current sponsors. Questions? Send email to News@KREIA.com or catch up with KREIA Sponsor Chair Dennis Erhard at the meetings.
Join KREIA Joining KREIA is easy: Go to KREIA.com and click the "JOIN" option on the menu. The cost to join as an individual member remains at $125 per year, with a charge of $20 at the door for monthly meetings. Click JOIN at KREIA.com to find out about all the benefits of membership for both individuals and businesses. Too many to list here!
Copyright MMXVIII 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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Learn From Four Longtime Investors
This is the brain trust, folks. You’ll want to be in your seat by 7 p.m. for this! There’s more to real estate than landlording, wholesaling and flipping. We focus on those things a lot in KREIA because they’re popular topics that everyone wants to know about. But there are so many other niches — and niches within niches — that we wanted to devote a meeting to anything real estate-related. Seriously, anything. With a scope that broad, we turned to some of the most experienced investors in the area to head this month’s panel. These four have a combined 115+ years of investing experience, and they’re out there actively working in real estate in and around the Louisville Metro area every day. All have served on KREIA’s board of directors, and two are past presidents. Please take this opportunity to learn from them. Get your questions ready! Rue McFarland got into real estate in 1969 and has done just about everything it is possible to do in investing. He has served as president of GLAR, KREE and KREIA — which he co-founded. He currently manages more than 100 singlefamily houses. Katie Crotzer runs her own brokerage, New Outlook Realty, with offices in Louisville, Shelbyville and, soon, in Florida. She started in commercial construction in 1990 and began investing in real estate in 1992. She owns rental property locally and also in Florida. Mark Hass owns a brokerage, Real Estate 3000, owns investment property, is a property manager, and works with buyers, sellers and builders. He’s also an REO specialist: For 15 years he’s been marketing and servicing REO properties. Mark is a two-term KREIA past president. Tamara West started working in loan servicing in 1999, became a mortgage loan originator in 2003, bought her first investment property in 2006, and got her real estate license in 2013. She’s in the top 25% of Louisville realtors and currently serves on KREIA’s board.
What Kinds of Questions Can You Ask? We polled the four on areas of real estate they have experience in and are willing to answer questions about, but you don’t have to confine your queries to the topics below.... REAL ESTATE NICHE
RUE
KATIE
Small Multifamily
Apartments
Commercial Real Estate/NNN
New Construction
Land
Owning/Managing Rentals
Wholesaling Flipping (Rehabbing, Retailing)
Airbnb (Vacation Rentals)
Buying/Selling Notes
Originating Notes
Creative Financing
Acting as a Contractor Section 8/Rent Assistance
MARK TAMARA
Foreclosures/REOs
Lease Options
Direct Marketing
Online Marketing
CRM Software Is a Real Estate Agent/Broker
Is Investor-Friendly R.E. Agent
5:30 p.m. Early Meeting: Attorney Hunt Rounsavall Special Door Prize for Pre-Paid Registrations! Active Members: $20 • Guests: $30 • Former Members: $30 Register now at kreia.com. Receipt emailed for your records.
PRE-PAY NOW!
New sponsor G. Hunt Rounsavall Jr., of Rounsavall Title Group LLC, makes his debut speaking to KREIA. His company offers title services and does closings for investors.
Copyright MMXVIII 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! Yaser Alsolaiman Ashley Brown Rhonda Clyde Mary Conrad Joshuaw Dandridge Chase Darst Stephen Driver Dj Erhard Ryan Gettelfinger Mimi Guarnieri Walter Hargrove
Luke Harwell Mike Kays Tommymony Khim Rick Lawson Nicholas Logsdon Te Lu Joe Manley Micah McArthur Sabra Mutters Darren Ohland Courtney Pettway
Jason Renfro Brian Rhodes Brian Rios Andrew Tefertiller Zachary Tipton Alan Wade Adrian Warfield
KREIA’s Code of Ethics We, The Members Of KREIA, recognize the importance of achieving our mission, as stated in Article II of our Association’s Constitution, to encourage and uphold sound, honest practices and maintain real estate investment activities on a high professional and ethical plane and to freely aid, encourage, and share knowledge with members in pursuit of their goals. We personally feel that building a good reputable business requires a strict code of ethics, which shall encourage fair play among its membership and shall constantly raise and improve our standards of practice. The members of this association are mindful that the soundness, usefulness, prosperity and future depend upon the honor, integrity and fidelity of all personnel engaged in this organization. We do hereby commit ourselves to the highest ethical and professional conduct, and hereby agree: Honesty Is the Best Policy — We try in every way to be completely honest in all of our dealings with the public, our clients, customers, and our fellow members. Be honest and realistic in stating claims or estimates based on available data and to avoid injuring others, their property, reputation, or employment by false or malicious action. To Make No False Misrepresentations — Avoid real or perceived conflicts of interest whenever possible, and to disclose them to affected parties when they do exist. To Accept Responsibility — Follow through with integrity and good administration and at all times remain fair in all of our transactions. To Hold All Confidences — A member shall not knowingly, during or following the termination of a transaction, reveal confidential information or use confidential information to the disadvantage of the parties involved. To Maintain Integrity — A member shall act with integrity in all of their dealings. All oral promises and agreements will be as binding as if they were reduced to writing. We strive to the axiom, that our handshake is as good as our word. To Seek Education — A member shall strive for both knowledge and understanding of the real estate investing process. Each member shall assist colleagues in their professional development.
Copyright MMXVIII 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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Residential & Commercial Closings Title Searches 1031 Exchanges Business Formation Wills & Probate
Title Insurance Contract Prep & Review Powers of Attorney Investor Guidance
Practicing in Kentucky and Indiana
920 Dupont Road, Louisville, KY 40207 bordersandborders.com • (502) 894-9200 THIS IS AN ADVERTISEMENT
Copyright MMXVIII 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 MMXVIII 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 MMXVIII 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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2018 KREIA Elections By Henry Schildknecht The president has selected this year’s nominations/ elections committee, and we would like to inform you of KREIA’s election procedure, which is as follows: KREIA is run by a board of directors consisting of five officers, twelve at-large board members, the immediate past president, and the parliamentarian. The five officer positions – president, vice president, secretary, treasurer and treasurer-elect – are filled each year for one-year terms. The twelve at-large board members are elected for two-year terms, with six new members being elected each year. There are no term limits, and all incumbents may run for reelection if they so desire. Nominations will be taken from the floor at the April and May meetings for the five officers and six at-large board positions. As in previous years, nominations will be closed after the May meeting. The election will be held at the June regular meeting, and those elected will take office in July. If you would like to nominate someone to run, or would like to run yourself, please contact me or be prepared to make a nomination from the floor at the April or May meeting. Only serious applicants need apply. The board promotes many activities on an ongoing basis, and it is the diligent effort of all the board members that brings these activities to life. The board runs primarily through the committee system. Most board members serve on more than one committee, and many chair a committee. It is simply not possible for someone to serve on the board without being an active member. If you have any questions about the governing process of KREIA, please feel free to give me a call. Hank Schildknecht Chairman of the Election Committee Tel: (502) 893-4494 Fax: (502) 893-4495 hankatty@gmail.com
Copyright MMXVIII 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 MMXVIII 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 MMXVIII 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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Hello from 2028. Have You Finally Made It? By Sharon Vornholt Is your real estate investing business the success you thought it would be? Pretend for a minute that it’s 10 years from now. It’s 2028. Think back a decade to when you had big plans for the future. It would be safe to say you had every detail of your future life planned out (at least in your mind). You knew… • Exactly how much income you needed to live an extraordinary life. • Where you wanted to live. In a bigger house? Near the beach? In the mountains? • You would have both the time and money to travel, because you had planned well and followed your plan. • Now you only worked on your business, not in your business. • You had the most precious commodity of all… plenty of time to do what you wanted to do. • Life would be good! You could feel it in your bones.
us down I-95 near Savannah and on down to Amelia Island. It’s a scenic route through the mountains. But on occasion, I have taken I-65 due to road conditions. Now, I really don’t like I-65. There are just too many semi-trucks, you have to deal with heavy traffic in a couple of major cities, and it’s not very scenic. Can I get there either way in about the same time? Yes I can. Though I prefer to take the trip one way, I can change my plans and get there by a different route if I need to. Your plans for your business and your life are no different. Things will change, events you didn’t plan on will happen, and you will be required to change course many times over the next decade. You will end up somewhere in 10 years, so why not decide where that will be right now and take steps to make it happen?
It’s Really Pretty Simple, But It’s Not Necessarily Easy What your life looks like in 2028 will be determined by everything you do over the next decade. However, it really boils down to a couple of things that make the most difference. The Problem Is… First of all, you have to have leads coming in the door to Things didn’t quite work out like you planned. build your business. Today, you’re working even harder than before. There You do that with marketing. Marketing is your #1 job. To never seems to be enough time or money to go around. And be successful at this you need a marketing plan that you those big dreams? Well, sometimes things just don’t turn implement consistently. One of the things that would be in out like you planned, or that’s what you’re telling yourself. your marketing plan would be 3-5 ways to find deals (or Now you have to ask yourself, why not? Could it be that marketing strategies). Never put all your eggs in one basket. you’ve just been living your life on autopilot? You need more than one way to generate leads. Your marketing strategies might include direct mail, your How Did This Really Happen? website, bandit signs or one of dozens of ways to generate If things didn’t turn out the way you planned, it’s almost leads. Networking should definitely be at the top of your list. certainly because of one of these things… It is a powerful way to get people to bring you deals, and to You really didn’t have a plan to begin with. You “kinda, find buyers for your properties you want to sell. sorta” knew what you wanted to do. Maybe you had a plan, Secondly, it is what you do on a daily business that really but over time you never got around to consistently implecauses the most impact. menting it. There were too many stops and starts. One day What are the small steps you need to take consistently to you realized you had forgotten all about your plan, and you move closer toward that end goal? Even if you have a great told yourself you were too far off track to get back on track. plan, you have to implement your plan. That problem can be Or, when life got in the way and you had to face some solved by scheduling everything on a calendar. life-altering event, you didn’t make a new plan and move forward taking a slightly different route. Let’s face it; even The Compound Effect the best plans change and evolve over time. Sometimes we There’s a great little book called “The Compound Effect” initiate the change, and at other times life is responsible for by Darren Hardy. It’s a quick read and I highly recommend it. taking us in a different direction. Just know that this is Darren talks about the enormous effect that taking small, bound to happen, and it’s up to you to change course. consistent steps over time will have on any outcome. These small steps build momentum and add up to the compound Life Is Kind of Like Travel effect. I wrote an article about this book over on the blog if I love to travel to Amelia Island Plantation in northern you want to read it. (LouisvilleGalsRealEstateBlog.com) Florida with my family. We like to take the route that takes Continued on Page 18 Copyright MMXVIII 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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photo by bruce w. hinson www.obedientcamera.com KREIA members turned out in force for last month’s main meeting on rental property. Here, Erik Hitzelberger addresses the crowd.
KREIA Photos
photo by bruce w. hinson www.obedientcamera.com
photo by bruce w. hinson www.obedientcamera.com “Wouldn’t you like to have 20 nice rental houses, paid for?” Mike Butler asked the crowd. Then to wrap up the night, he talked about how to make it happen.
Clay Smith followed Erik for his segment of the “Building Wealth With Rental Property” presentation. Clay talked about how he got started investing with little money — by borrowing from his 401K.
photo by bruce w. hinson obedientcamera.com Ed Gibson, Ashley Brown And Greg Nalley networked at the meeting. See more photos online — in color — in KREIA's private Facebook group.
Copyright MMXVIII 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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Highlands L.O.T.S. Home: A Closer Look
Madeline Hicks gives 100-year-old house a modern makeover Dr. Madeline Hicks has made a career out of tackling messes and making them shine. In her 29 years practicing dentistry in Louisville, she has seen her share of fixer-uppers. And lowers. And partials. “I’ve taken messed-up mouths and made them gorgeous — and now I’m doing it with houses,” she joked. The crown molding and other elements of construction may be on a different scale, but the talents translate. If you attended the last L.O.T.S. photo by bruce w. hinson meeting on March 27 in the Highwww.obedientcamera.com lands, you got to walk inside her latest makeover. And, no joke, it truly is Looking up at 1410 Winter Ave. from the sidewalk, you might be fooled into thinking this is a gorgeous. From the hardwood floors small house. Step inside, though, and you’ll be amazed at the soaring space. The house is all on one level — no more steps once you’re in the door. (Photo by Lauren Willoughby) to the wainscoting, from the granitetopped island to the sky-high tiled shower in the master The allocation of space makes the 1,680-square-foot house bath, from the wine fridge to the metal chandeliers, the fin- feel very roomy. ishes are beautiful and upscale. If you examined the “beWhat else has she done in her rehab? “Plumbing, electric, fore” photos taped to the wall, you’ll appreciate how this HVAC... We had to do some correction to the foundation... We Cinderella house made it to the ball under Madeline’s care. created a new retaining wall with a perc drain. The wall that Madeline said this is her first house flip — though she’s remained from a Model ‘T’-size old garage was torn down and built houses before and renovated some condos. She had a expanded for two-plus car space.” And an unexpected grading vision for this place, and it involved pulling permits and issue was addressed in the back yard. changing the floorplan. Madeline said the problems with the retaining wall and The spacious house, which appears deceptively small back-yard grading took her by surprise. “Needless to say, all from the street, has been practically rebuilt, front to back that was money I had no idea I was going to spend.” and top to bottom. “I knew it was going to have to be allShe estimates her rehab at a little over $120,000, which was new,” she said, “but I was excited about the opportunity to the amount she originally wanted to offer to purchase the take on something that was a hot mess.” house. Competing offers forced her to increase the bid, but hers was not the highest. “I got it because it was a clean cash Her crews removed the offer and no inspections,” she said. “I figured, why inspect what dropped ceiling, opening it you know is already jacked up? It’s amazing, this market.” from 8 to 12 feet. She took out walls to create an openMADELINE’S NUMBERS FROM L.O.T.S. concept living area, perfect Suggested ARV: $298,977 for entertaining. She enclosed Purchase: $138,550 Est. Gross Profit: $37,557 a side porch, adding it to the Estimated Rehab: $122,870 Total Investment: $261,420 house’s square footage. The (A couple of weeks after the L.O.T.S. event, Madeline reportkitchen had been at the back ed that current comps bring the new ARV up to $325,000, of the house, and now it’s the which would increase her gross profit to more than $60,000.) shining star of the living Madeline Hicks’ vision propelled her through the rehab. space. The house went from “When I went through this having two bedrooms and one See more photos online in the members-only Facebook group. house, I said I would really like bath to having three bedto take it on because I could Why do we call it “L.O.T.S.”? Because we Learn On The Site! rooms and 2-1/2 baths. see what it could be.”
Copyright MMXVIII 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 MMXVIII 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 MMXVIII 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 MMXVIII 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 MMXVIII 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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‘Thank you! Thank you! Thank you!’ By Mike Butler So much has happened and is happening in real estate today, but first of all I want to thank you and each and every investor who bought my new book on Amazon, “Landlording On AutoPilot.” Because of you and all of the others, you made my new book hit #1 Best Seller on Amazon! (My first book hit #1 Best Seller on Amazon too.) FYI, I attribute all of my success in real estate as the direct and indirect result of KREIA. KREIA allowed me to learn from superstar proven experts located in cities known and unknown, all over the U.S.A.! If you have not grabbed your own copy, see Beth at the Tenant Finder Table or buy it online now at Amazon.com. If you already have it, bring it to your next KREIA meeting and I will personally autograph it for you or whoever you want to give a copy as a gift. WARNING: Always do your due diligence before doing any business transactions with fellow members. LMHA Section 8 UPDATE: Your panel of expert landlords and property managers have a big meeting scheduled with leadership of our local Louisville Metro Housing Agency to preview the new landlord orientation training put together by Mark Roseberry. This is NOT the solution to all of the headaches with our local Section 8 program, but it is a baby step in the right direction of Section 8 leaders listening to real, professional landlords and property managers. You may expect to hear an update on this at our April KREIA meeting. Special thanks to your KREIA leaders for the March Saturday workshop on Building Your Wealth with Rentals. Erik Hitzelberger shared insights on the “numbers” (he’s an engineer), special guest former KREIA President Dennis Erhard did a superb job, and Clay Smith opened a huge can or worms by sharing how he finds his deals in 30 seconds… automatically, and myself showed you how you can have fun and get paid over 100% of your rents every month. This workshop was jam-packed, oversold, and chock full of advanced investor and insider secrets for all who attended. Back by Popular Demand! Mike’s Mondays Free Investor Training Webinars with follow-up, full-day LIVE workshops are back for you! Register online one time to reserve your seat for BOTH MikesMondays and Tuesday’s POWER LUNCHes. Register Now at MikeButler.com/powerlunch. Make sure you sign up for my FREE Investor Training POWER LUNCH Webinars at www.MikeButler.com
Continued from Page 11: Hello From 2028 Marketing Plan: Get More Leads, Make More Money Marketing, or the lack of it, will likely be responsible for your success (or failure) in your business. Your marketing plan doesn’t have to be elaborate, but it must be a written plan. Once you have your plan in place, you’re going to want to schedule the things that you need to implement. Truthfully that’s the only way it will get done. Want Your Own Customized Marketing Plan? If you want to learn more about marketing and have the opportunity to create your own customized marketing plan over a weekend, then you’re going to want to check out REI Marketing Mastery in Nashville May 19th and 20th. I will be co-hosting this 2-day event again, and it’s not only packed full of information, but it’s always a lot of fun. We will spend 2 full days on marketing, talking about what works now, and then have a hands-on workshop where you will create your own customized marketing plan based on your business and your budget. If you have any questions, just send me an email at sharon@sharonvornholt.com. Check out the event at http://reimarketingmastery.com.
GOVERNMENT AFFAIRS REPORT Kentucky Realtors Legislative Update April 9, 2018 Governor Matt Bevin announced plans to veto the two-year budget as well as the accompanying tax reform bill passed by both chambers in early April.
Read weekly updates on bills in play in Frankfort at Kentucky Realtors’ site: bit.ly/kyr_lu
Copyright MMXVIII 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 MMXVIII 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 MMXVIII 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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Join us! Classes begin in March
Copyright MMXVIII 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 MMXVIII 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 MMXVIII 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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First Class Mail U.S. Postage Paid Louisville, Ky Permit No.1498
PO Box 91225 Louisville, KY 40291 Return Service Requested
THE Local Resource for Landlords, Rehabbers & Wholesalers Meeting the 4th Thursday of every month (except November & December) at Woodhaven Country Club, 7200 Woodhaven Road, Louisville, KY 40291 KREIA.COM • twitter.com/reiaky • instagram.com/reiaky • youtube.com/KreiaDotCom facebook.com/reiaky (public) • facebook.com/groups/kreiaky (private)
UPCOMING EVENTS
Ask the Experts We’ve gathered four longtime local investors — who, combined, have 115+ years of experience in real estate investIng — to answer your questions, in any niche you can think of. We know you’ve got questions! Start compiling them now. Thursday, April 26. Early Meeting: Attorney Hunt Rounsavall
May 8 — 11:30-1 p.m. Louisville Lunch and Learn. Members only: Check the private Facebook group. You buy your own lunch. Ed Gibson is the organizer. May 9 — 11:45 a.m.-1:30 p.m. KREIA Indiana Sub-Group Luncheon Meeting. Meets the 2nd Wednesday each month at Tucker’s Restaurant in New Albany on State Street and I-265. You buy your own lunch. Brian Haeseley chairs. "KREIA May 17 — 6 p.m.-7:30 p.m. KREIA Game advertising Night: CashFlow. is by hands with down, the Want to get out of the Rat Race? Playfar, CashFlow other absolute best advertising investors pursuing financial freedom. dollar ever spent for
May 1 — noon-1 p.m. L.O.T.S. event. Location TBD. Check Borders & Borders!" May’s Main Meeting: Rehabbing your email. Members only. Lunch is provided. Harry Borders share their secrets of rehabbing and May 3 — 6 p.m.-7:30 p.m. KREIA Happy Hour. Networking at Local house flippers AttorneyThursday, May 24. retailing — and profiting. a local restaurant. Check your email. Members only. Borders & Borders, PLC
PRE-Pay Now at KREIA.com to Qualify for a Big Door Prize Drawing!