KREIA February 2020 Newsletter by KREIA .com

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 02-20 February 2020 President’s Letter

Paid Advertising Rates

Tax Update: CPA Mike Grinnan gets us ready to file

Welcome, New Members

Leap Day Retreat: Lakeside day of networking/learning is sold out!

Mike Butler: Top 3 fatal mistakes 6 of real estate investors

Legal Corner: Michelle Rawn addresses proposed ordinance

KREIA Directory: Pick up your 2020 edition at the meeting

National REIA News Roundup

KREIA Photos

L.O.T.S. Recap: Barrett Goff rebuilds for Airbnb in Wyandotte

Member Spotlight: Becky Duncan

YouTube Channel: Yes! We’ve got one. Please subscribe

KREIA’s Amendments to 32 Restated Bylaws & Constitution Calendar of Events

KREIA Members, By now, hopefully you have your new year’s plan and goals in place and are working toward maximizing opportunities in your chosen real estate investing endeavor. 2020 seems poised to be a repeat of the past few years with very limited inventory and upward price pressure on every segment of the housing market. I continue to ask myself, “Can this price appreciation continue, and if so, for how much longer?”

Chris McCarty

When I think of Louisville’s market economic conditions compared to other hot-spot cities with higher real estate prices and appreciation, I am often just left to conclude that what is happening in our market now is the same as in others, but that Louisville may have been just a little behind. For now, though, our market is on a tear to catch up, and I do not see any storm clouds for the next couple of years to cause any concern. In talking with fellow investors, I hear frustrating comments on the difficulty of finding good purchase opportunities – particularly from the many new members who are joining KREIA and trying to find their first deals. For them it’s a crazy market. A great many of the real estate stories on TV and in seminars seem focused on fantastic deals and overembellished results; it makes financial success in real estate seem so simple, with such easy profits. While easy profits are often the case, this is daunting to new or beginning investors wading through the facts and fiction of what to do, how to start and just how to find success. At the January main meeting presentation, Mike Fallot displayed a bar graph showing the massive shortage of inventory not just for Louisville, but nationally, in the 1,400-squarefoot homes price point. To me this provided clear direction and a simple approach for anyone investing on where to focus one’s efforts. This is the sweet spot, and the very housing that will continue to be demanded for retail purchase or rental by the public – and likely to be much less risk-averse than other investing options. Pay close attention to the developing patterns in the market. Where is the overflow from the present hot retail and rental neighborhoods likely to strike next, before the crowd discovers it and drives up prices? What do the existing patterns and demographic trends tell you about the next five years of change in Louisville’s housing market? If you are finding deal opportunities difficult to locate and purchase, Continued on Page 4

Copyright MMXIX 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 Chris McCarty

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Secretary Erik Hitzelberger

Vice President John Jones

Treasurer Mike Treasurer-Elect 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 advertising levels to get your ad in every issue of KREIA’s newsletter and be invited to make ad pitches at meetings:

Business Card Membership . . . . . . . . $199 Includes your business-card-sized ad. Admission at monthly meetings is $20. Premium Levels: These four advertising levels include your ½-page ad in each issue.

Rue McFarland

George Foree

Dennis Erhard

Frank Miller

Lauren Willoughby

Greg Nalley

Hampton Scurlock

Katie Crotzer

Rob Bergeron

Rick Littrell

Christopher Jaquith

Jordan Pohn

ParliamenPast tarian Michelle President Rawn Eric George

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 & more. Work shoulder-to-shoulder with active investors! 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 to educate you and to remind you of upcoming monthly meetings. About KREIA: The Kentuckiana Real Estate Investors Association is a 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 support@KREIA.com if you: Want to advertise on KREIA.com • Need help • Have a question

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 . . . . . . . . Reserved Includes extra promotion. There can be only one advertiser at this level. Our current Platinum Sponsor, MM Lending, holds exclusive renewal rights until 2021. Questions? Catch up with KREIA Sponsor/ Advertiser Chair Dennis Erhard at the meetings. Or email support@KREIA.com.

Join KREIA Joining KREIA is easy: Go to KREIA.com and click the "JOIN" option on the menu. Tell all your investing friends. The cost to join as an individual member is $125 per year, with a door fee of $20 at our monthly meetings (which covers the buffet meal and rent on the hall). 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 MMXX 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.

Tax Updates With Mike Grinnan Our February 27th meeting will answer your ‘taxing’ questions

Looking forward to filing your taxes in April? Isn’t everyone? (Not!) Lucky for us, CPA and KREIA Treasurer Mike Grinnan is going to simplify the experience by briefing us on what’s new and what we need to know before filing. It turns out there’s a lot that’s new, with many changes stemming from the SECURE Act, which President Trump signed into law in December. Rules on IRAs and retirement plans have changed. There’s a new W-4 form. And rules for filing 1099 forms are more stringent. Mike says he is planning to address all that – and more. Please make your way through the buffet line and be in your seat by 7 p.m. for our main meeting on Thursday, Feb. 27th, so that you won’t miss a minute of Mike’s presentation. With his advice you should be able to keep more of ● The tuition and fees deduction has been retroactively your money! After all, it’s not what you make – it’s what you restored from 2018-2020. keep. So be prepared to take lots of notes, and bring your questions. Other Items Here are some tax news nuggets and tips Mike has ● The deduction for mortgage insurance premiums has prepared for us: been retroactively restored. ● The deduction for medical expenses has been restored Retirement Planning ● Starting this year, anyone of any age may now deposit to a lower threshold. money to an IRA if they have earned income from a wage or Planning Tips self-employment. There are some other rules that may ● If your employer offers a 401(k) plan, America’s #1 tax apply, but the old rule prohibiting deposits shelter, continue to defer the maximum amount the IRS during or after the year turning 70½ has allows this and every year. Because employers are required been repealed. Beginning in 2020 the manby law to match a portion of your own deferral, this is a tax datory age to begin distributions from your deduction with free money! IRA has been raised to 72. ● If your employer does not deposit the maximum ● IRAs inherited from people (other than amount allowable into your health savings account, you have your spouse and a few other exceptions) until April 15, 2020, to add the remaining amount (up to the who passed away after 2019 must now be Mike Grinnan 2019 max). This is the 2nd best tax planning move of all time. distributed within 10 years of death. This does not affect ● Fewer Americans are now able to itemize deductions situations where the IRA was inherited from someone who because of the huge benefit received from the increased died before 2020. standard deduction. That doesn’t mean you can’t do any● Stipends and fellowships now qualify the recipient to thing, though. One way to get the best “bang for your buck” make IRA contributions. would be to practice what we call bunching of charitable contributions: Make charitable contributions every other College and Children Changes ● You may now withdraw up to $10,000 total during your year. Simply make your 2020 contributions as early as possible in 2020, and then make your 2021 contributions at lifetime from a 529 plan to repay student loans of the the very end of 2020 so that you “bunch” all your amounts in account beneficiary (or their siblings), without tax or one year. So you double up and get a deduction in some penalty, as a qualified educational expense. years without giving it up in others. ● A 529 may now be used tax free to pay for an apprenticeship program if it is approved as such.

5:30 p.m. Early Meeting 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.

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Got cash sitting around between rehabs? Put it to work! Merrill Lynch Financial Adviser Tyler Speer describes budgeting and capital management solutions.

Welcome, New KREIA Members! Cinamon Alford George Athanasakes Amanda Blanton Rick Boyd Joshua Bryson Ron Burns Kimberly Carstens Paul Cecil Bob Cheshire Raeven Cockrell Suzette Decker Brandon Embry Carissa Gholston Yolanda Gilbert Zane Harris Lori Henson

Linda Hiter Gordon Hundley Jason Jackson Amy Johnston Lauren Keller Robert Keller Amanda Koofer Roger Koofer Austin Lyninger Tommi Miller James Miller Mark Nelson Jay Patterson Dominic Popowski Allison Scott-Eagan Jason Selig

Eric Shadowens Derek Shepherd Loretta Showalter Kurt Showalter Jacqueline Smith James (Butch) Thompson Shaun Todd Neil Vasilakes Susan Walker Teresa Wallace Maya Warrier Kelly Witt Shelly Young Jim Young

Leap Day REI Retreat at Taylorsville Lake Has Completely Sold Out! February 29th comes only once every four years, and you’ll want to mark your calendar for this one. For the first time in a long time, KREIA is planning a retreat – Leap Into Real Estate – a full day of educational real estate presentations, lunch provided, followed by networking/happy hour fun. It’ll take place at a couple of cottages on Taylorsville Lake. The seminar speakers will be: Harry Borders, Joe Hampton, Chris McCarty, Dennis Erhard and Frank Miller. We know you’ll want to kick back with us on Saturday, Feb. 29! MM Lending is the sponsor. As we go to press, there are no more seats available. We hope you snagged one of the 50 spots! President’s Letter Continued from Page 1 you are not alone. In this tight market, sometimes it takes reevaluating and rethinking the approach. Maybe it’s time to fish in a different pond or change tactics for finding better investment opportunities, or just shamelessly copy what other investors are doing to find success with no need to reinvent anything! Find a way to separate your efforts from what the crowd is doing to find your success. Whatever your investing challenge, I am absolutely certain that KREIA can help. This awesome organization will continue to bring education, relevant content and information each month from some of the very best the business has to offer and all for just the minimal price of membership and your own participation. KREIA and this membership is your advocate, the cheerleader on your shoulder and champion for your success. Volunteer, show up, get involved, mentor, participate, contribute, network, learn and achieve your goals! See you at the meetings! Chris McCarty KREIA President

Top 3 Fatal Mistakes of Real Estate Investors By Mike Butler Sorry I cannot join you for this month’s meeting with Mike Grinnan as Beth and I are enjoying the annual National REIA Cruise. Wish you were here too! After coaching thousands of investors for decades, I have seen firsthand the Top 3 Fatal Mistakes of Investors. If you want your real estate business to be successful at any level or any niche, you MUST learn how to eliminate them.

2. MANAGEMENT – a 3-syllable word for “proven systems” Imagine having two or three flips in progress and a dozen or so rental properties, along with notes and properties in your self-directed Roth IRA. To maximize your profit, income and time, you must have PROVEN systems to manage and operate your business. If your goal is to have 20 nice rental houses in 3 to 5 years, you need a proven system. You cannot “wing it” with Post-it Notes, Excel spreadsheets and apps on your phone.

3. BAD ADVICE – especially from poor people! This one should really burn your butt. For the most part, 1. CASH FLOW Getting this wrong is by far the most fatal mistake made your friends, family, co-workers, church members and even fellow KREIA members will tell you to steer clear of owning by many investors. What is cash flow? Simply put: All of rental properties. They will say, “No tenants or toilets,” along your income minus all of your expenses = True Cash Flow with something like, “Been there, done that.” When someThis #1 fatal mistake is not limited to brand new investone tells you they’ve had bad experiences with tenants, just ors: It’s across the board. You’ve seen investors proudly ask this: “Who gave them the key?” showing big fat checks after finishing a flip. Those checks When someone is bumping their gums, giving you are FUN and give a huge adrenaline rush… and they should! Most investors assume the big fat check represents their “advice,” take a look at the person advising you and ask profit on the deal. It’s very sad to see them pay income tax yourself, “Do I want to be like this person when I grow up in my business?” Odds are, these folks have never invested in on this amount when, in fact, they have a boatload of their education to learn how to implement proven systems. expenses that never make it to their Cash Flow Report. Most of them just shoot from the hip and honestly believe Are you 100% convinced you are capturing every red cent you spend in your real estate business? Have you made they are sharp enough to be successful without any training. I’m the oldest of 7 kids, and not one of my brothers or out-of-pocket cash purchases at a yard sale or even from a sisters are involved in real estate. In fact, they think I am fellow investor? Have you made cash purchases from nuts. I’m sure you have folks who think the same about you. hardware stores? Have you paid contractors in cash? Wrapping up, successful investors have a common denomAll businesses, including your real estate business, inator: They’ve taken action to eliminate opportunity for the MUST have an accurate Cash Flow Report. Odds are you 3 fatal mistakes to enter their business, and so should you. will want, at minimum, to review this report on a monthly Bring a big notebook to this month’s meeting as CPA Mike basis with a column for each property/deal. Grinnan is going to give you the latest updates involving your Many new investors proudly say they have a family real estate business, the IRS, and state and local government. member, partner or friend who will do the books for their Tax time is around the corner, and you have the opportureal estate business…. Ugh! Red flag here. Why? Although these bookkeepers might be formally trained, they may not nity to get the “Only Complete System for Real Estate using QuickBooks PRO®.” It’s my Investor Books PRO System with be equipped to handle real estate, which is a very unique Tenant Tracking, and it is blessed and recommended by Mike animal that must be treated differently. Grinnan. My real estate businesses survived a deep-dive, 10You cannot hire a run-of-the-mill bookkeeper for your real estate business. I have seen first-hand many investors month IRS audit for 3 full years. Guess what? I came out with a GREEN LIGHT, no penalties, no fines or fees. Do you have a use a generic bookkeeper only to discover their monthly proven system with these kinds of results? reports are worthless. Active KREIA Members get a 50% discount on my system. In order to grow your business safely with minimal risk, you MUST be able to push a button and see your True Cash Go to InvestorBooksPro.com for more details and to claim your discount before it expires. Use coupon code “kreia50” Flow monthly by property, entity, rehabs, etc. This report To Your Continued $uccess! gives you tremendous insight on how to move forward. If you see you are running backward in cash flow (more expenses than income), you want to know right away so you P.S. Sign Up for Your FREE Investor Training Every Tuesday can take action. Discovering this a couple of months later is at 12 noon: MikeButler.com/PowerLunch a little bit too late. Copyright MMXX 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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LEGAL CORNER

2020 Member Directory Is Here

New Housing Ordinance Update

Distribution of the new Member Directory starts with our February main meeting. Please stop by the “directory table” and get your copy. By Michelle Rawn We think you’ll like the beefed-up As I am sure you are aware, Louisville Yellow Pages – an improvement over Metro is in the process of passing a Fair the previous edition’s because this Housing Ordinance that will increase the time we built them using an opt-in definition of protected class. Those groups survey: Only the people who really to be added include individuals receiving financial assistance with their housing payments; homeless; wanted to be listed are included, and they more actively chose the cateveterans; and felons, in certain situations. The most congories they wanted to be listed under. cerning issue with the ordinance is that it will force every If you like doing business with other KREIA members, landlord to permit tenants who participate in the Louisville you need to check out the Yellow Pages! You might be Metro Housing Authority (LMHA) program to apply to rent surprised to discover what your fellow investors are doing all properties for which their voucher would pay the rent. Most of you are familiar with the trials and tribulations of as a side hustle – perhaps something that’ll help you complete your next project. dealing with LMHA. We are asking each and every one of Newer members will probably notice their names are you to contact your city council members and ask them to missing. The reason is that we completed the directory in consider not voting yes to the ordinance until issues landtwo stages – ads, covers, Yellow Pages and Member Roster lords have with LMHA have been addressed and resolved. were printed in October, and then we finished up the These issues include but are not limited to: delays with editorial section after the new year. We will reverse the initial inspections once the application and lease package order of work in the next edition to make sure more of our have been delivered to LMHA; inconsistencies with inspections; failure of inspections for cosmetic issues (i.e. a newer members get included. However, the members and advertisers we missed this broken blind); new violations upon reinspection; landlords time will be added in the next edition we’ll be assembling in being held responsible for tenant damages upon annual the Fall. renewal inspection; delays in rental payment once the unit Remember, we’re distributing the directories at our is approved; etc. main meetings – we hope to see you on February 27! In other jurisdictions, the initial inspections are completed within 72 hours of submittal of the completed application and lease package; cosmetic issues are resolved Recording Fees Increased Statewide without an in-person reinspection by sending a photograph on January 1, 2020 showing the repair/replacement has been completed and a Notice of Document Recording Fee Increase: Due to copy of the invoice; making weekly payments instead of changes by Senate Bill 114 and in KRS 64.012 ~ Fees of monthly payments when new leases are approved; the the County Clerk, there will be an increase in all recordsame inspector showing up for all inspections; a preing fees. This increase will be effective January 1, 2020. approval process to streamline the application and leasing Effective January 1, 2020, real estate recording fees process; and re-inspections every other year, unless a increased significantly. Those that affect real estate tenant calls in a complaint. investors the most are: deed - $50 for up to 5 pages and If the ongoing issues with LMHA were resolved, then $3 per page thereafter; mortgage - $80 for up to 30 more landlords would be willing to voluntarily join the pages and $3 per page thereafter; assignment of rents program. When I started my practice in 2011, almost all of and leases - $50 for up to 5 pages and $3 per page my clients accepted the LMHA vouchers. Based on the thereafter; deeds of release - $46 for up to 5 pages and above stated problems, less than 10% of my clients $3 per page thereafter. currently accept these vouchers. I strongly believe that if As you can see, the cost of doing business for real the system was revised and handled more as everyone estate investors went up substantially with these being on the same team and working together, the number increases. Use the following link to see all new recording of houses available to LMHA would increase significantly. I fees: jeffersoncountyclerk.org/document-fees/ hope that we can count on all of our members to take the – Michelle Rawn time to call their city council members and voice their concerns regarding the proposed ordinance. Copyright MMXX 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.

National REIA Real Estate News Roundup Report Lists 25 Cities Best Positioned for Economic Advancement

National REIA, of which KREIA is a chapter, reports on issues affecting real estate investors and also links to stories of interest from other organizations. Here is a sampling of recent Consumer finance education site LendEDU took a look at news and resources that Brad Beckett, NREIA’s Director of hundreds of America’s cities to find and rank those that are Education & Outreach, has compiled. For more news, visit best positioned for economic advancement over the new realestateinvestingtoday.com decade. Unfortunately Louisville did not crack the Top 100. On the bright side, we’re not overrun with bed bugs. Read the full story: bit.ly/k2002_economic

Cincinnati’s New Security Deposit Rules Explained

Relationship Between Public School Enrollment and Housing Prices

Cincinnati recently became the first city in the nation to require landlords to accept so-called security deposit insurance in lieu of an actual security deposit. On a recent episode One of the key drivers of a home’s sale price is the of Neil Cavuto’s “Coast to Coast,” National REIA’s Charles quality of the local school system. Interestingly, recent Tassell discusses their new rental deposit law and how it is analysis from the National Association of Realtors very similar to a pay-day loan. illustrates the positive relationship between public school Watch the Fox Business News video: bit.ly/k2002_cinci enrollment and rising house prices. Read the full story: bit.ly/k2002_school

Washington, D.C. Is Nation’s Capital for Bed Bugs Too

The pest control and rodent removers at Orkin recently released their annual Top 50 Bed Bug Cities list. Topping their list this year is Washington, D.C. And where did Louisville fall in this list? Not in the Top 50. Way to go, Louisville! Nearby big-city neighbors, however, were not so lucky: Indianapolis, Cincinnati and Chicago all scored in the Top 10 of the bedbuggiest cities. (I’m not itching, you’re itching.) Read the full story: bit.ly/k2002_bedbugs

Buy or Rent in 2020? Is it better to buy or rent? That’s an age-old question that really depends on a lot of variables, especially an individual's station in life. In their recent 2020 Rental Affordability Report, ATTOM Data crunched the numbers to show that owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in over half of the markets analyzed. Read the full story: bit.ly/k2002_rentorbuy

How Long Do Homeowners Hold Onto Their Homes? How long does the average homeowner stay in their home? According to data from the American Community Survey (crunched by the NAR’s Economist Outlook blog) it’s about 13 years. In addition, they say that compared to prior years, homeowners have been spending more time holding onto their homes with the median tenure increasing by 3 years since 2008. Click on the interactive map when you… Read the full story: bit.ly/k2002_howlong

Renters Spent $4.5 Trillion on Housing During 2010s According to recent report from Zillow, renters spent a cumulative of $4.5 trillion on rent during the 2010s. In fact, they point out that in 2019, renters spent more than $512 billion on housing – the most of any year in this decade. From 2010 through 2019, Zillow says Louisville renters paid a total of $13.2 billion to live in your rental properties. Read the full story: bit.ly/k2002_renters

Foreclosure Rate Hits 14-Year Low Foreclosure rates hit a 14-year low in November, according to Black Knight’s latest “first look” report. In fact, November’s 33,500 foreclosure starts marked a 26% yearover-year decline, and was the lowest monthly volume since they began tracking in 2000. Read the full story: bit.ly/k2002_foreclosure

How Does Kentucky Rank With Property Taxes? As part of their recent 2020 State Business Tax Climate Index, the Tax Foundation calculated state and local taxes on real and personal property, net worth, and asset transfers. They put together a ranking of all 50 states to see which state had the best business tax climate and which had the worst. They point out that property taxes impose one of the most substantial state and local tax burdens most businesses face. Kentucky’s rank? 36 out of 50. Read the full story: bit.ly/k2002_propertytax

Harry Borders addressed a packed house during January’s “Road Map to Real Estate Wealth” main meeting. If we didn’t set an attendance record that night, we sure came close. Cameron DeGeorge, at right, represented wholesalers on the Q&A panel. Below, board member Christopher Jaquith (at right) compared notes with another investor who attended January’s Saturday Workshop. (Photo above by Frank Miller. Other photos on this page are by Lauren Willoughby)

KREIA

Photos

See more photos in KREIA's private Facebook group.

The three main speakers at our January main meeting were Erik Hitzelberger, above, attorney Harry Borders, below left, and MM Lending’s Mike Fallot, at right.

For the last segment of January’s main meeting, we assembled a Q&A panel of investors who are fairly new. We wanted to show new KREIA members that success can be achieved in a relatively short span of time. Answering questions were, left to right below: Nina Musgrave, Ian Hooper, and Christina & Luke Neubauer.

It looks like the first Happy Hour meeting at the new venue (Bearno’s in Plainview) was a success. Lots of happy people here! (Photo above tby Dennis Erhard)

Rob Bergeron shared some time- and money-saving tips at January’s Lunch & Learn. (Photo by Lauren Willoughby)

At right, Renee Buster captured a selfie trifecta, getting Karen Lane (left) and Linda Brun into the frame.

Wyandotte L.O.T.S. Home: A Closer Look Barrett Goff rebuilds burn house as Airbnb rental By Lauren Willoughby If you’re rehabbing a house with the goal of turning it into an Airbnb short-term rental, what do you do? You add a lot of security features, for one thing. Barrett Goff, who hosted the January L.O.T.S. event in the Wyandotte neighborhood, described how he can monitor and control features remotely. “We’ve got a Ring doorbell system that is going all the way around the house,” he said, describing the multiple cameras and motion-activated floodlights A record turnout of KREIA members wedged themselves into this 2-bedroom, 1-bath home, outside. “We’ve got a smart lock, which its directly across from Wyandotte Park. (Photos by Lauren Willoughby) and there’s a Ring security system in the home as well. And there’s an Ecobee thermostat.” intricate rehab of an entire home. So it was a good size – it’s As investors were walking in and out of the house during only 780 square feet.” L.O.T.S., you could hear evidence of the security system as What did they do to the house? Since it needed practisoft chimes sounded from the doors opening and closing. cally everything, they did practically everything. And there were a lot of people coming and going. MM Lend“We took everything down to the studs, all the way down ing sponsor Mike Fallot estimated attendance at about 75 to just the bare bones,” Barrett said. The house has all-new KREIA members that chilly Tuesday afternoon. siding, all-new gutters and all-new roof. They replaced some “So that way I can control the door locks, the cameras joists, which had been damaged by mold and termites. and the thermostat all from my phone,” Barrett continued. They removed two walls, one between the living room “From anywhere I can see who’s in the area, who’s on the and kitchen, opening up the living area, and they opened property, and who’s trying to get in. I can let people in, and I the area leading to the utility room behind the kitchen, can change the thermostat to where it’s warmer or colder. where the water heater and stackable washer/dryer reside. We keep it cold when no one’s here. Then when someone’s “We spray-foamed the house, instead of doing regular getting ready to check in, we can raise it.” insulation that’s blown in,” Barrett said. “Since we’re The house also ticked another box for Barrett: It needed a covering the heating and air bills, I figured I might as well.” complete rehab followThe bathroom, though small, is a showpiece, completely ing fire damage. tiled. The kitchen has a subway tile backsplash, granite “I thought it would counters, and all-new appliances. be a great opportunity “The floors are original – the only original thing in the to take a house down to home,” Barrett said. And attractive hardwoods they are too. the bones and see what Barrett and his wife acquired the house from a wholeit looks like on the insaler for $17,000 and have spent $48,000 on repairs. They side,” he said. “I wanted are all-in at $65,000, having paid for it all with cash. “Now the full experience with- we’re refinancing it,” Barrett said, using a bank out of out buying too big of a Lexington. “So we used the BRRRR method.” home, where I’d be Their goal is to rent the house on Airbnb for $75/night. overwhelmed. I have a He said that’s typical for two-bedroom houses in the area. little bit of a backBut he’ll raise the price during the busy season – and hopes ground in doing this to get $1,500 to $2,000 a night at Derby time. stuff, mostly cosmetic Why do we call it “L.O.T.S.”? Because we Learn On The Site! moreso than the full, L.O.T.S. host Barrett Goff Copyright MMXX 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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MEMBER SPOTLIGHT

Becky Duncan Email: bduncan@redboxplus.com Cell phone: 502-759-4131 Your company name? redbox+ of Greater Louisville Where did you grow up? Kansas College attended? Pittsburg State University Tell us about yourself: The Army brought me to Louisville! My husband, Kirk, is an active duty soldier (currently at Ft. Knox) and we’ve purchased real estate all over the country. As a new duty station was assigned, we found tenants and moved on to our next adventure. After 2 years as Louisvillians, our family decided to make Louisville our forever home. Kirk is closing in on his 20 years and we are looking forward to growing our current business, redbox+ of Greater Louisville, as well as investing in rental properties. Current or previous occupations? For more than 8 years in the Air Force Reserves and Tennessee Air National Guard, I served as a Communications & Navigation Systems Avionics Technician. Outside of the Air Force, I owned a graphic design & website design business for 15 years. Passions and hobbies: Anything that gives me the opportunity to be creative, outdoors, or active with my family. Skiing in Colorado is #1! What year did you join KREIA? 2020 Why did you join KREIA? Through my new business, redbox+, I kept meeting great investors, flippers, and contractors who encouraged me to join. I also want to familiarize myself with the Louisville market and learn from experienced, motivated REI pros. Who referred you to KREIA? Harry Borders, Nishea Foley, John Douglas What kinds of deals are you looking for? I am interested in purchasing 2/1 & 3/2 rental houses & hope to someday own several multi-family. Lessons you have learned? Always consult with your tax professional & accountant to find creative tax savings What are your top 3 tips for other investors? 1) Staff your weaknesses - know when to outsource work. 2) Screen tenants thoroughly. 3) Keeping rental properties updated allows us to steadily increase our rent & ROI. Anything you’d like to offer KREIA members? Let’s “talk trash” sometime!! I own a roll-off dumpster business, redbox+ of Greater Louisville. Our Elite Dumpsters are 20 and 30 yard dumpsters that feature 2 FREE portable toilets competitively priced with local dumpster vendors. Don't need a porta-potty on site? We leave them locked or deliver a standard open top dumpster. Our all-in-one dumpster keeps crews & DIY flippers happy – work doesn't need to STOP when it’s time to “go.” We service Southern Indiana, Louisville & the surrounding counties. Lexington redbox+ operations launch in 2021! Copyright MMXX 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.

Subscribe to Our YouTube Channel Did you know KREIA has a YouTube channel? It’s been around for a while, and we’ve added videos to it periodically. But now we’re really ramping it up. KREIA’s Immediate Past President, Eric George, clipped a microphone to his shirt and is leading the way by conducting video interviews with local experts. Just click that Play button. There’s a lot of knowledge waiting for you. Check us out at youtube.com/reiaky (and subscribe!) to catch up with these interviews: ► Attorney Harry Borders offers wholesaling tips and describes a streamlined way to do self-directed IRA investing. ► Attorney Michelle Rawn answers questions about the Metro Council’s proposed housing ordinance. ► KREIA President Chris McCarty gives us his market outlook and his best advice for investors.

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KREIA’s Amendments to Restated By-Laws & Constitution KREIA members, at our March meeting you will be voting on our organization’s restated constitution and by-laws. Here they are for your examination. FIRST AMENDMENT TO RESTATED BY-LAWS OF THE KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. I. MEMBERSHIP Individuals may be invited by the Board of Directors to become members of this Association according to the following classifications and terms: 1. Active Members Persons who have paid the required annual fee may be accepted as Active Members of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. by a vote of the Board of Directors. Active Memberships expire annually and shall be construed as subject to renewal on each anniversary of the Active Membership date; PROVIDED, that a member shall be considered in good standing only after annual dues have been paid into the Corporate Treasury for the current fiscal year. 2. Honorary Members Honorary Members shall be renamed as Lifetime Members and this membership shall be obtained by completing at least one full term as President of the KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. Annual Dues shall be waived for Lifetime Members. 3 Dues The Board of Directors shall have the power to change the amount of dues levied annually on the members. 4. The Directors may specify the terms and conditions of membership. For each classification they may require from applicant’s as much information as they consider necessary to determine the applicant’s eligibility for membership in the Association. 5. Any member of the Association may resign at any time. Any member whose payments are thirty (30) or more days in arrears shall be dropped from membership and be required to reapply in order to become a member. 6. The Board of Directors has the right to remove any active member for cause, or for a violation of the Code of Ethics of the KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. 7. The Board of Directors may designate the terms upon which non-members are admitted to the professional and business meetings of the Corporation. II. ELECTION OF OFFICERS AND DIRECTORS 1. Active members of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. who are eligible to exercise voting privileges shall be eligible to become Officers or Directors of this Association.

2. The Board of Directors shall consist of sixteen (16) Active Members and the elected officers of this Association shall consist of a President, a Vice President, and a Secretary and/or Treasurer and a Parliamentarian who shall be selected in the following manner: a. Before the end of February each year, the Parliamentarian, subject to the approval of the Board of Directors, shall appoint a nominating committee of three persons, which shall consist of the then sitting President, the Parliamentarian and one Board of Director, to nominate candidates for the Board of Directors and the offices of President, Vice President, Secretary and/or Treasurer. Membership on the nominating committee shall not preclude its member from becoming candidates for office. b. The Parliamentarian shall be appointed by the Board of Directors and shall remain in office until such time as the Parliamentarian resigns, commits an action which violates the Code of Ethics of the KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION, INC., or takes such other action which permits removal from office by a vote of the Board of Directors. c. The President, Vice President, Secretary and/or Treasurer shall be elected each year for office and serve terms as officers for one (1) year each. Directors shall be elected for two (2) year terms with eight (8) and seven (7) Directors elected in alternate years. d. The candidates nominated shall be announced at the first regular meeting of the Association convened after their selection, at which time the opportunity to make additional nominations shall be given. A person may be nominated as a candidate for the Board of Directors by submitting their name in writing to the Parliamentarian. At the June meeting of the Association, from 5:30 pm EST until 8:00 pm EST, the Parliamentarian shall cause ballots, containing the names of the Candidates, to be circulated to all Members of the KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. who are eligible to vote and who are present at the meeting. In addition to these ballots, appropriate explanatory material pertinent to the time and method of balloting shall be circulated, including full explanation of the method to be followed for absentee voting. Balloting shall be by person at the annual meeting or by absentee ballot in the form determined by the Parliamentarian. Those receiving the largest number of votes in the balloting are elected. The results of the election shall be announced at the end of the June meeting.

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KREIA’S AMENDMENTS TO RESTATED BY-LAWS & CONSTITUTION 3. If an Officer, or a Director, after election becomes incapacitated for service, the vacancy shall be filled through appointment by the President with the approval of the Board of Directors to serve until the next regular election. Should the President become incapacitated, the Vice President shall serve the remainder of the President’s term and the Board of Directors shall choose one of the Board of Directors to serve as the Vice President until the next regular election. 4. Officers and Directors shall be eligible for re-election. 5. All active members of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. shall be eligible to vote as well as to hold office. 6. Any officer or Director missing three consecutive board meetings may be replaced at the discretion of the Board. III. DUTIES OF OFFICERS 1. The President shall be the chief executive of the Association, he or she shall act as Chairman of the Board of Directors and of the Executive Committee, and perform all other duties prescribed for him or her by the Constitution and these By-Laws and any additional duties consistent therewith as directed by the Board of Directors. 2. The Vice President shall assist the President, carrying out such special duties as may be assigned by the President, or by the Board of Directors. 3. The Secretary shall conduct correspondence with members and others; he/she shall exercise special diligence to assure the full and complete preparation and the safekeeping of the Minutes and the Historical Records of the Association in permanent form. The Secretary shall maintain contact with all activities of the Association, supply information to the officers and Directors as requested and perform other duties appropriate to the Office of Secretary as directed by the President and the Directors. 4. The Treasurer shall receive annual payments and other moneys, deposit the same in a bank approved by the Directors, and invest funds as authorized and directed by the Board of Directors. The Treasurer shall be responsible for all disbursements and exercise diligence that each and every disbursement is made in accordance with the operating budget approved by the Board of Directors. The Treasurer shall supervise the issuance and shall sign disbursement checks and shall be responsible for the keeping of accurate and proper accounting records, for the preparation of reports on the financial condition of the Association whenever required by the Directors or the President. At least once each month the Treasurer shall prepare and submit a financial report, including but not limited to a profit and loss statement and balance sheet, to the Board of Directors. The Treasurer shall be bonded in such amount as prescribed by the Board of Directors. The Treasurer shall keep records regarding the status of each member and keep the Secretary or other designated members advised.

IV. COMMITTEES 1. The Executive Committee shall be made up of the President, the Vice President, the Secretary, the Treasurer, and three (3) members of the Board of Directors, who shall be appointed by the President. This Committee shall be responsible for the execution of the actions of the Board of Directors, including the conduct of the routine and interim affairs of the Association. 2. The President shall appoint, subject to the approval of the Board of Directors, such additional committees as he/she may consider desirable to assure the effective operation of the Association. The actions of these committees shall be subject to the approval and supervision of the Executive Committee. 3. The Ethics Committee shall consist of the current President, Immediate Past President, the Parliamentarian and at least one additional former President. This committee shall review all ethics complaints and make decisions as to whether a violation has occurred and the action to be taken against the active member, up to and including removal from the Association. 4. The President shall be an ex-officio member of all committees except the nominating committee.

V. AMENDMENTS AND CHANGES IN BY-LAWS These By-laws may be amended in the manner provided for in Article V of the Constitution. In witness whereof, we have hereunder set out hands this ______ day of ______________, 2020. _____________________________ Christopher L. McCarty, President STATE OF KENTUCKY COUNTY OF JEFFERSON On this _____ day of ________________, 2020, before me a notary public within and for said County and State personally appeared Christopher L. McCarty as President on behalf of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. to me known to be the person who executed the FIRST AMENDMENT TO RESTATED BY-LAWS OF THE KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION, INC. and he acknowledges and swears to that he executed the same as his free act and deed for the uses and purposes therein expressed. _________________________________ Notary Public KY State at Large Printed Name: __________________________ My Commission Expires: _________________

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KREIA’S AMENDMENTS TO RESTATED BY-LAWS & CONSTITUTION FIRST AMENDMENT TO RESTATED CONSTITUTION OF THE KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. ARTICLE – I THE NAME of this Non-Profit Corporation shall be KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. with its principal place of activity and business in the state of Kentucky and it is organized under the Kentucky non-profit corporation Act. The term, REAL ESTATE, as used herein, includes those business activities involved in buying, selling, renting, repairing or trading real estate for investment purposes. The duration of this corporation shall be perpetual. ARTICLE II THE PURPOSE of this Corporation shall be: 1. To provide education, resources and networking opportunities for its members in regard to real estate investing activities and techniques. 2. To develop, through education and discussion, sound understanding of real estate investment. 3. To improve the methods and techniques of real estate investment. 4. To contribute to the improvement of the teaching and understanding of real estate investment. 5. To develop better public understanding and appreciation of real estate investment problems. 6. To improve, through study and discussion, the status of persons engaged in real estate investment. 7. To encourage and uphold sound, honest practices and maintain real estate investment activities on a high professional and ethical plane. 8. To freely aid, encourage, and share knowledge with members in pursuit of their goals. ARTICLE III The GENERAL PLAN OF OPERATION of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. shall be to pursue the purpose stated in Article II hereof, by conducting meetings for education and discussion, by soliciting, accepting, and receiving contributions to be used for the purpose stated and to administer the business affairs undertaken in support and accomplishment of these purposes. This Corporation shall not conduct activities for pecuniary profit, nor shall any fees or commissions or other monetary benefit accrue to any member of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. In carrying out its operations this Corporation may receive or acquire real or personal property by purchase, gift, grant, devise, lease, or otherwise and may hold, use, invest, expend, convey, or dispose of any such property in trust for any of the purposes for which it is created. In the event the activities of this Corporation are ever terminated, such property as it may at such time hold, shall be liquidated, and after payment of its just debts, the proceeds received therefrom, if any, shall be used as directed by the

members eligible to vote in attendance, or represented by proxy, or absentee ballot, at the meeting called for the purpose of settling the affairs of this Corporation, PROVIDED, that the beneficiary of such action is a non-profit organization located within the State of Kentucky, and PROVIDED FURTHER, that no member of this Corporation because of such devise shall receive any pecuniary profit or benefit therefrom. ARTICLE IV MEMBERSHIP. Any person who has contributed to the support of this Corporation may become a member of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. upon acceptance and approval of the Board of Directors, according to the provisions stated in the By-Laws hereof, PROVDED, that the Board of Directors shall have power to remove any member for cause, and PROVIDED FURTHER, that any member may resign. ARTICLE V The Government and Management of the KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. shall be vested in the Board of Directors subject only to such limitations as are contained in the By-Laws, which shall be adopted, amended, revised, or eliminated as follows: (a) the Board of Directors may propose amendment to the By-Laws by resolution setting forth the proposed amendment and directing that it be submitted for adoption at a meeting of the members; or (b) any five members may set forth a proposed amendment by petition by them subscribed, which petition shall be filed with the Secretary of the Corporation. Notice of the meeting of the members, stating the purpose including the proposed amendment, shall be given to each member entitled to vote on the proposed amendment, and to such office and director regardless of his voting rights. If notice required by this clause has been given, the proposed amendment may be adopted by an affirmative vote of at least three quarters of the votes cast by members of this Corporation who are eligible to vote, PROVIDED, that balloting may be at a regular or special meeting, in person, by proxy or absentee ballot, duly called for such purpose, when specifically authorized in the By-Laws. The Board of Directors shall consist of a President, a Vice President, a Secretary, and a Treasurer, and such number of Directors as may be specified in the By-Laws; PROVIDED, that any two (2) offices, except those of the President, and the Vice President, may be held by one person, and PROVIDED FURTHER that, inclusive of the officers, the Board of Directors shall be composed of not less than five (5) and not more than sixteen (16) natural persons; all of whom are voting members of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. The terms of office of the Officers and Directors may be prescribed in the By-Laws, PROVIDED, that no term extends longer than three (3) years, and PROVIDED that, in the absence of specific provisions in the By-Laws, the terms of all officers and directors shall be for one (1) year. The Officers and Directors shall be elected by the members of this Association eligible to vote, at the regular annual meeting, at a special meeting duly called for this purpose, or by mail ballot, or absentee ballot in such manner as may be prescribed in the ByContinued on Page 38

KREIA’S AMENDMENTS TO RESTATED BY-LAWS & CONSTITUTION Laws, or, in the absence of a specific provision in the By-Laws, at the discretion of the Board of Directors. The Officers and Directors of this Corporation shall enter upon their respective duties at the beginning of the fiscal year for which they have been elected to serve and shall hold their respective offices until their successors have been duly elected and sworn into office and have entered upon the discharge of their duties. ARTICLE VI THE FISCAL YEAR of this Corporation shall begin on the first day of July and end on the thirtieth of June of the following calendar year. THE ANNUAL BUSINESS MEETING of this Corporation shall be held between the first day of April and the thirtieth day of June each year, at such time and place as the Board of Directors shall determine. The Board of Directors shall have power to call such meeting; PROVIDED, however, that in the absence of such action by the Board of Directors by June 10th in any year, any five (5) members who are eligible to vote may issue a call for this annual meeting. Business may likewise be transacted at any regular or special meeting PROVIDED the members who are eligible to vote have been notified of the time, the place, and the principal purpose of such special meeting at least ten (10) days prior to the convention of the meeting. For the purpose of transacting business, a quorum shall consist of at least 30% of the total number of the members who are eligible to vote. Meetings for professional education and discussion shall be in accord with the objectives stated in Article II herein and shall be held not less frequently than once each month, PROVIDED, that the Board of Directors may, by specific action, cancel such meetings for not more than four (4) consecutive months. Such meetings shall be construed as regularly called meetings for the transaction of business with quorum requirements as stated for the annual business meeting. THE BOARD OF DIRECTORS shall meet upon the call of the President, or of any three (3) Directors. Meetings shall be held not less frequently than quarterly throughout each fiscal year, or more frequently if deemed necessary for the efficient and expeditious transaction of business. A majority of the Board of Directors shall constitute a quorum for the transaction of business at any Board of Directors’ meeting. Business meetings of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC., including meetings of the Board of Directors, shall be conducted in accordance with procedures set forth in ROBERTS RULES OF ORDER, Current Edition, PROVIDED, however, that such procedures are not in conflict with the Constitution and By-Laws of KENTUCKIANA REAL ESTATE INVESTORS ASSOCATION INC. ARTICLE VII Members of KENTUCKIANA REAL ESTATE INVESTORS ASSOCIATION INC. may adopt whatever By-Laws are deemed necessary or desirable for the efficient operation of the Corporation, PROVIDED, only that proposed By-Laws are consistent with the Constitution of the Corporation.

ARTICLE VIII This Constitution may be amended by affirmative vote of at least two-thirds of the members eligible to vote. Voting shall be by ballot, either in person or absentee, or by proxy and may be conducted at a meeting called for that purpose. ARTICLE IX The name and address of each incorporator who are natural personal of full age are: Noble Roberts 1418 Goddard Avenue Louisville, KY 40204 ARTICLE X The first Board of Directors shall consist of the fifteen members elected by the general membership and whose terms of office are prescribed in the By-Laws. Seven persons will be elected for a period of one year and eight persons elected for a period of 2 years. ARTICLE XI The personal liability of members is limited to the dues paying obligation as stated in the By-Laws. ARTICLE XII This Corporation shall have no capital stock. The registered address of the Corporation is Rawn Law Firm, PLLC, Attn: Michelle R. Rawn, 9302 New LaGrange Road, Suites E & F, Louisville, KY 40242, and shall be updated as necessary on the Kentucky Secretary of State’s website. In witness whereof, we have hereunder set out hands this ______ day of ____________________, 2020. ______________________________ Christopher L. McCarty, President STATE OF KENTUCKY COUNTY OF JEFFERSON On this _____ day of _______________, 2020, before me a notary public within and for said County and State personally appeared Christopher L. McCarty as President on behalf of Kentuckiana Real Estate Investors Association, Inc., to me known to be the person who executed the FIRST AMENDMENT TO RESTATED CONSTITUTION OF THE KENTUCKIANA REAL ESTATE INVESTORS ASSOCATION INC. and he acknowledges and swears to that he executed the same as his free act and deed for the uses and purposes therein expressed.

______________________________________ Notary Public KY State at Large Printed Name: __________________________ My Commission Expires: _________________

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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/reiaky facebook.com/reiaky (public) • facebook.com/groups/kreiaky (private)

UPCOMING EVENTS

Tax Updates With Mike Grinnan KREIA Treasurer Mike Grinnan fills us in on what is new with the tax code and what has changed. He’ll show us how to stay on the good side of the IRS – and keep more of our money. Feb. 27, 5:30 p.m. ➢ Early Meeting: Tyler Speer talks capital management ❖ Feb. 29 — Leap Into Real Estate. We’re holding a day-long retreat, with seminars. (Note: this event has sold out.) ❖ March 3 — noon-1 p.m. L.O.T.S. event. We visit Bryan Gillespie’s current rehab project in PRP. Members only. Lunch is provided by Platinum Sponsor MM Lending. ❖ March 5 — 5 p.m.-7 p.m. KREIA Happy Hour. Networking at Bearno’s in Planview. Everyone is invited. Jeff OBryan hosts. ❖ March 10 — Noon-1:30 p.m. Lunch & Learn. Meet up for education and networking. Members only. You buy your own lunch. Check your email for the location. Ed Gibson hosts.

❖ March 11 — 11:45 a.m.-1:30 p.m. KREIA Indiana SubGroup Luncheon Meeting. Meet up and network with Hoosier investors in New Albany. You buy your own lunch. Brian Haeseley chairs. ❖ March 19 — 6 p.m.-7:30 p.m. KREIA Game Night: CashFlow. Want to get out of the Rat Race? Play the CashFlow board game with other investors pursuing financial freedom. Everyone is invited. Hampton Scurlock hosts at Bearno’s in Plainview.

Main Meeting Calendar Here’s what’s coming in the next few months: • March 26: Wholesaling & Marketing • April 23: Rehabbing • May 28: Airbnb (tentative) • June 25: Shark Tank (tentative)

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