September 2020 KREIA 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 Vol 09-20 September 2020 President’s Letter

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Buying at Auctions: What you 3 need to know before making a bid Welcome, New Members!

Monthly Newsletter for KREIA Members Dear KREIA Members and Friends, We hear a lot of discussion about the current and increasing Wealth Gap in the U.S. The discussion centers on the growing disparity of wealth and the increasing divide between the haves and have-nots. The American middle class is currently stable in size but shrinking and is losing ground financially to upper-income families, and the number of people living in poverty is increasing.

Chris McCarty

Can our nation continue to survive and prosper with such disparity? Mike Butler: How ’bout some good news for a change?

Michelle Rawn: Courts update

Help the Children: Raise money 10 for HOTI at your next closing Government Affairs Links

National REIA News Roundup

Remembering Hank: Friends pay tribute

KREIA Photos

It should be no secret to anyone reading this that a large percentage of Americans are badly under-prepared for basic needs or financial independence now or at retirement, when they may no longer be able to work but will have another twenty-plus years to live. The average U.S. monthly Social Security benefit is $1,400, and a great percentage of our seniors do not have much more than Social Security to depend on. Compare this to the average rental cost per month in the U.S. for housing at $1,231.

An easy conclusion is that the income from four or five paid-off rental houses far exceeds the average Social Security benefit.

Relief for Landlords: New $15 34 million fund helps tenants pay rent

Calendar of Events

The fear from many is that this disparity continues until the voters undo the America we know and change or try to equalize these differences with taxing and confiscatory policies aimed at the redistribution of wealth. If you do not believe this is happening already, listen to the politicians on all sides as they are on full display vying for the votes to implement these changes.

People don’t plan to fail; they fail to plan as life and circumstance get in the way. The years click by until it is too late to make a dent in behavioral change, and we know the rest of the story. The U.S. has plenty of schools and universities teaching many subjects but often not much about the specifics of growing and building wealth. 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

Rob Bergeron

Christopher Jaquith

Jordan Pohn

Stacey Duvall

Alexis Fentress

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.

Going Once, Going Twice – Real Estate Opportunity! Sept. 24 virtual main meeting covers live and online auctions Ever thought about buying a house at auction? Ever wondered how to go about it? This month we’re taking you behind the curtain with a look at procedures, rules, and tips on how to carry out your due diligence. With auctions, due diligence is important, because with many types of auctions you’re buying a house sight-unseen. What can go wrong? Many things! Entrenched occupants, who may be the disgruntled original owners, are one big thing. There might be issues you never anticipated. The house, when you gain possession, may “smell like money,” but the odor’s source could be expensive structural damage. What can go right? Profit! Tens of thousands of potential dollars flowing to you at the closing table after a flip. That’s the dream. That’s why we’re here. In this month’s main meeting, you’ll hear from a few guides who will walk you through three different types of auctions you can engage in here in Kentuckiana. They’ll also give you some tips on mitigating “things that can go wrong” in your pursuit of “things that go right.” In our Zoom call we’re planning three 30-minute sessions covering: 1. The Jefferson County Commissioner’s Sale 2. Online national auction services, with an emphasis on Auctions.com 3. Local, live and online auctions conducted by area auction houses Jefferson County Commissioner’s Sale With Nina Musgrave and Ian Hooper When people in KREIA talk about “the auction,” they’re usually talking about the Jefferson County Master Commissioner’s Sale. It’s the biggest “in-person” auction of foreclosed homes locally, and if you attend, you’ll see lots of familiar faces from KREIA. The next auction happens Thursday, Sept. 24th, starting at 9:30 a.m. at Louisville Slugger Field. Visit the website at jeffcomm.org to find out about the 50 or so houses up for bid. To give us intel on the Commissioner’s Sale, investors Nina Musgrave and Ian Hooper plan to cover: ● How to navigate the Jeff. Co. Commissioner’s website ● Terms of the sale ● What happens on sale days ● Important numbers to know for each property ● Best practices for purchasing properties at the Commissioner’s Sale

Photo illustration by Nina Musgrave

Meet Nina and Ian: Nina Musgrave has been an active KREIA member since first joining in 2016. She stays on top of real estate news, trends, technology and policy and enjoys sharing her experience with other investors. Nina collaborates with partners and community agencies to promote responsible investing. You can reach out to her via text at 502-882-0039. A KREIA member since 2016, Ian Hooper entered real estate with the purchase of a single rental house that year. Since that time he has purchased more rentals, done retail flips, wholesale deals, and has been a licensed real estate agent since 2018. Ian is a member of the Jay Pitts & Associates team at RE/MAX Premier Properties, regularly working with investors and retail buyer and sellers. Online Auctions With Miranda Tarry, Auctions.com Auctions.com is among several online auction services that let you bid on and buy property all over the country from the comfort of your computer screen — or even your phone. We are fortunate in KREIA that we have Auctions.com as an advertiser, and Miranda Tarry is always on hand to help us and answer investors’ questions. Continued on Page 34 5:30 p.m. Early Meeting: Insurance Need to insure your rentals? A vacant house during a flip? Want to protect your Airbnb? Greg Nalley, of Nalley Insurance, will speak at our early meeting and tell investors what they need to know.

Welcome, New KREIA Members! Aseem Chaudhary Janet Dischinger DeShawn Dulan Brandon Fuhrman Matt Haaga Michael Henson Shawn Hogle Scott MacInnes

Deion Moore Darian Moss Susan Olsen Bill Richards Robert Sellers Jr. Kendell Sheppard Steven Snyder

KREIA’s New Member Orientation There will be a short presentation of the benefits of joining KREIA at every monthly main meeting. While we’re virtual, tune into our Zoom call at 5 p.m. to hear from Jordan Pohn and Stacey Duvall on why it’s good to be a KREIA member. See the presentation online: You can also review one of Jordan’s and Stacey’s video presentations by visiting this page: kreia.com/MemberBenefits.aspx On that page you’ll also learn how to secure your Home Depot discounts and cash-back bonuses.

President’s Letter Continued from Page 1 The “BRRRR Method” – Buy, Rehab, Rent, Refinance and Repeat – is one way to build real estate wealth. And KREIA teaches about BRRRR and other strategies, introducing our members to real estate investing and going on to show them how to accumulate real estate wealth. All this wealth gap talk is political dialogue – but very true and vital to the future success of our nation and democracy. But it is yet to be determined if we can resolve these big issues. Real estate investing can’t equalize this gap by itself, and the answers and solutions are not simple. But for individuals who are willing, KREIA can help many achieve financial independence. Real estate investing is one easy way to get or stay on the good side of the Wealth Gap graph. Consider this: real estate has produced more American millionaires than any other investing endeavor. The process is relatively safe and without a great amount of risk, with success all but assured if the few basics are studied and followed. Real estate is the easy equalizer for everyone interested in changing their financial future. If you are on the sideline still thinking about getting started or even just increasing your game to make more serious progress, KREIA is here to help. But you must first take action by participating and plugging in to the many ways that are accessible for your success. This success does not require years of education, academic degrees or years and years of savings to get started. What it does take is your first or even second step of commitment with a plan and a goal that matches your needs. KREIA is here to help. If you do not believe this, my info is in the KREIA directory. Call or email me to discuss how to get started or increase your progress.

Chris McCarty KREIA President

Some of KREIA’s national sponsors via National REIA. For the full list, and info on discounts, visit nationalreia.org/benefits

How ’Bout Some Good News for a Change? By Mike Butler Let’s stop all of the doom and gloom and let’s try a huge helping of some good news for a change. For the last seven months or so, we have been focused on the outrageous, constantly changing COVID-19 crisis, combined with the lawlessness, violence and looting in some of our cities, including our own. Let’s try a dose of Good News this time. #1 – FORGIVABLE LOANS – the Federal Government’s “CARES Act” unloaded a massive boatload of cash, loans and grants at all levels of government – Federal, State and Local. From PPP to EIDL, if you behave properly, you can follow their rules and guidelines and submit a request to have these “forgiven.” I don’t know how to do this yet, but check with your tax advisor/CPA to find out how to do it. #2 – FREE MONEY for rental property owners is available through a combination of our State and Local Government. Yes, it can be cumbersome, especially the latest eviction ban from the CDC combined with the executive order from our Governor. The point being, with some effort on your part, along with working WITH your resident who has not paid rent, you can receive up to 3 months of rent or more by jumping through these hoops. This is good news because, without it, you will probably get zero rent. Recently, National REIA published a great informationpacked video presented by Charles Tassel (real estate owner lobbyist for NaREIA) and attorney Jeff Watson explaining the details and penalties of the recent executive order of President Trump, banning evictions for non-payment of rent for the remainder of 2020. This is a must-watch 50-minute video for every serious investor. Of special note, should you violate this with an eviction for non-payment of rent, the penalties can be fines up to $500,000 for a business (your LLC) and one year in prison. You can view this video by going to bit.ly/k2009nreia #3 – LOVE YOUR GREAT RESIDENTS NOW! So much doom and gloom… right? Once again, think about all of the good stuff in your life and business. If you have a number of rental properties, providing you screen your applicants properly, I’ll bet 90% or more of your residents are awesome, responsible, and pay their rent on time every month even during this COVID-19 crisis. You should be thankful and grateful you have these kinds of residents. Make them feel special, give them a phone call just to ask how they are doing and to thank them for their outstanding performance in this crisis. Back to reality. In my business, we have about 2% of our residents riding the Rent Strike Pandemic and who have refused to pay rent once this crisis began. Yeah, but as a local talk show host would say, “Suck it up, Buttercup.” Don’t

get stuck on principle in this crisis: you must think like a very creative business owner. Would you rather get 80% of your rent owed you or 0%? The procedures to follow to get a chunk of their rent paid might violate your personal responsibility values; however, you must put it on the shelf and be friendly, compassionate, and reach out to those 2%’ers and offer to hold their hand in finding some free money to help pay their rent. CAUTION: In the video with Charles and Jeff, I recall hearing a segment where they mention you can sue your resident in small claims court for the unpaid balance of rent. Two issues here. Check with your expert real estate attorney to see if you can do this in Kentucky. Years ago when I started, when I had my job as a Louisville Police Officer, I tried to file a criminal complaint against a tenant who wrote me a $450 bad check for rent. Surprise to me, the warrant clerk told me I cannot file a criminal complaint on this because they wrote the check for rent. Rent was an exception back in those days. Ugh. I don’t know if this is still true, but check it out. On another note, if you really think you can go after your tenant’s unpaid rent after they move out… expect this to happen with many of them. They can file bankruptcy and just wipe their entire debt, leaving you holding the bag with no way to collect legally. So, back to your good news. Research and find resources to help your non-paying tenants pay at least some of their rent owed to you. Metro Louisville government has received $21 million dollars to hand out to tenants and landlords to help pay rent. Check it out. #4 NON-PAYMENT OF RENT: All of the COVID-19 eviction bans involve non-payment of rent. If you have inherited a really bad tenant on a recent purchase or just slipped up and allowed a bad one to move in, here’s some good news for you. Focus on rental agreement and lease violations. Carefully review each lease on these tenants. Perhaps even create a checklist and drive by frequently, detailing and taking photos of the violations. Everything from grass not cut and trimmed to improper setout of trash and more. Schedule interior inspections detailing damages, document their violations with photos, and tell the tenant it is required by your insurance company. In Kentucky, landlords must prepare and give a “14 Day Letter” notice to tenants detailing evidence of their rental agreement violations. If you don’t want to get egg on your face, get with your expert eviction attorney to ensure you have dotted every ‘i’ and crossed every ‘t.’ The good news is you can still file evictions for lease violations; however, your forcible Continued on Page 34

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Update on the Courts By Michelle Rawn As most of you know, the CDC issued an eviction moratorium for evictions for nonpayment of rent through the end of the year. This moratorium is nationwide, but applies only to evictions for non-payment of rent. Evictions for non-rental lease violations and nonrenewals/lease terminations were not affected and currently can move forward as usual. The moratorium did not cancel or suspend rental payments, but basically guarantees that a tenant cannot be evicted for non-payment of rent for the rest of 2020. In order for the moratorium to apply, the tenant has to sign a certification that was attached to the order creating the moratorium. While the attorneys feel the tenants should have to prove each part of the certification, the judges are holding that if the certification is in the eviction file or the tenant states it was provided to the landlord, then the case either has to be dismissed or The video from Michelle continued to next year. Rawn’s Lunch & Learn In addition, in some presentation on the CDC counties, both Legal Aid moratorium should be posted and the courts are proby the time you’re reading this. Find the video at KREIA’s viding copies of the cerwebsite on the Members-Only tification to tenants at video page, or in KREIA's court for them to sign. Private Facebook Group. We are in unprecedented times. Everyone seems to be worried about tenants being displaced but do not have any concerns as to how the landlords will pay their mortgages or other expenses for the rental properties. With the current eviction moratorium, if your tenants reach out to you to accept payment from a rental assistance program or want to try and work out a payment arrangement, you will want to think strongly about this before saying no. These rental assistance programs might be your only chance to receive payment for at least part of the rent owed while the moratorium is in place. As all of us know, things are still changing on a daily basis. Please feel free to reach out to me or John in my office to see if there have been any more developments or updates. I hope you and your families are staying safe and healthy. Michelle R. Rawn Rawn Law Firm, PLLC Tel: (502) 639-9396 / Fax: (502) 276-0607 Email: Michelle@rawnlawfirm.com Watch National REIA’s reaction to the CDC eviction moratorium in this YouTube video: bit.ly/k2009nreia

Raise Money for Children in Need at Your Next Closing Another casualty of COVID-19 is our usual method of helping raise money for the Home of the Innocents, KREIA’s charity of choice: We haven’t been able to hold our 50/50 Raffle at main meetings. We haven’t had live, in-person main meetings since February! With the year ticking away, along with our ability to present a nice, fat year-end check to benefit the children of HOTI, KREIA board members Hampton Scurlock and Rob Bergeron had an inspiration: why not approach area attorneys and title companies to try something creative? So here’s the deal: If you’re holding a closing with one of these companies between now and December 31st, tell them you’re with KREIA to have $10 donated to the Home of the Innocents: ▪ Borders & Borders ▪ Rawn Law Firm ▪ Rounsavall Title Group ▪ The Law Office of Brad Lammi ▪ Millennial Title Win-win-win! A big thanks to all these companies. Let’s get closing and help those kids! – Lauren Willoughby

Hampton Scurlock helped put $10 in the pot with a closing at Millennial Title.

GOVERNMENT AFFAIRS LINKS State Government Roundup Kentucky Realtors Legislative Updates. Read weekly updates on bills in play in Frankfort at the Kentucky Realtors’ site: bit.ly/KYR_LEGU

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Local Government Roundup Louisville Metro Government: Get a summary of local affairs (and state) by the Greater Louisville Association of Realtors (GLAR): bit.ly/LRGAU

National REIA Real Estate News Roundup 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 news and resources that Brad Beckett, NREIA’s Director of Education & Outreach, has compiled. For more news, visit realestateinvestingtoday.com

Fee Increases Will Make Refinancing More Expensive The mortgage industry was recently thrown a curve when mortgage giants Fannie Mae and Freddie Mac announced they were adding a 0.5% fee on all refinancing loans. According to CNBC’s Diana Olick, in a period of record-low interest rates, Fannie & Freddie say the fee is necessary to mitigate potential risk from the Coronavirus pandemic. The fee was to be made effective on loans starting in September, but the implementation has been delayed until December 1, 2020. Read the FHFA news release: bit.ly/k2009refinancing

Seven Insights for Landlords on the CDC’s Eviction Moratorium The National Real Estate Investors Association recently held an online discussion to help make sense of the new federal eviction moratorium issued by the CDC in early September. National REIA hosted two prominent real estate attorneys (Jeffery S. Watson and Jeffrey Greenberger) along with NREIA’s Charles Tassell, where they came up with 7 important insights about these new rules. Trade publication Rental Housing Journal recently summarized the discussion as well as the important points to help landlords and property managers better understand how to best deal with this new federal eviction moratorium. Watch the 50-minute video: bit.ly/nreia Read the full article: bit.ly/K2009cdcinsights

Millennials Helping Power HousingMarket Rebound A recent Wall Street Journal article (reposted on Realtor.com) suggests that millennials, who have been viewed as perennial renters, are now emerging as a “driving force” in the housing market’s recovery. Interestingly, they point out that, last year, millennials accounted for more than half of all new home loans and were consistently above that level in the first few months of 2020. Read the full story: bit.ly/k2009millennials

2020’s Hottest Zip Codes Each year Realtor.com analyzes more than 16,000 zip codes based on the time it takes properties to sell and how frequently homes are viewed in each zip code on realtor.com. A zip code in Colorado Springs takes the No. 1 spot, and Louisville comes in at No. 30 with 40218. Florence, Ky.’s 41042 comes in at a surprising No. 13! Read the full report: bit.ly/k2009hotzips

Where Do People Pay the Most in Property Taxes? The five counties with the highest median property tax payments all have bills exceeding $10,000/year, and all are located near New York City. Some of the lowest tax bills in the country (less than $200/year) are paid in the state of Louisiana. View the map: bit.ly/k2009taxmap

Home Buyers Increasingly Interested in Rural Areas We have been hearing about this from several sources, and now Redfin says they have concrete evidence that rural and suburban neighborhoods are becoming more desirable to homebuyers than those in cities. Read the full report: bit.ly/k2009rural

The Pros and Cons of Out-of-State Investing In the age of technology, investing in real estate from a distance has become easier than ever. Fortunately, most Americans also have access to smartphones and wifi, which enables them to do business on the go and from afar. Although new technology-based tools make out-of-state real estate investing easier, there are still some risks. Read Alex Capozzolo’s blog post: bit.ly/k2009afar

Mortgage Delinquency Rates Spike According to the Mortgage Banker Association’s latest National Delinquency Survey, mortgage delinquencies spiked 386 basis points from Q1 to Q2, coming in at a seasonally adjusted rate of 8.22% – which they say is the highest overall delinquency rate in nine years. Read more: bit.ly/k2009spike Continued on Page 30

Remembering Lloyd Henry ‘Hank’ Schildknecht Hank’s friends share memories and lessons they’ve learned from him

photo by bruce w. hinson www.obedientcamera.com Hank Schildknecht and his wife, Martha, display KREIA’s first-ever Lifetime Achievement Award, which Hank received at last year’s Holiday Party.

MILESTONES FROM HANK’S LIFE 1948: Hank was born in Louisville, Ky. 1966: Hank graduated from Seneca High School 1970: Hank graduated from the University of Louisville 1973: Hank graduated from U of L’s School of Law 1973: Hank married Martha Oldham (we got married the week after he graduated!) 1973: Hank clerked at a law firm while in law school and while studying for the Bar Exam, and after he passed it that summer, that firm invited him to stay, which he did until he went out on his own. It was a leap of faith! The firm he’d been working with wanted to start advertising, a new concept in the mid-’70s. Hank didn’t like the idea, thought it was unseemly, and chose to go out on his own instead. 1978: Hank and Martha had their first child, Anne (now Bogel) 1979: Hank and Martha became real estate investors, buying their first investment property. Hank met Ed Melton at the foreclosure sales and ended up doing some legal work for Ed. It was with Ed’s encouragement that we bought our first rental :-) 1979: Hank joined KREIA. Ed told Hank about KREIA, and Hank joined! Our kids were very young. I didn’t start coming until about 1993 when our youngest, Jim, was in middle school. 1999: Hank was elected President of KREIA and served two years in that office 2001: Hank was voted the recipient of the Ed Melton Award Early 2000s: Hank was appointed Parliamentarian of KREIA’s board, a position he held until August 2018

Hank passed on Aug. 24, 2020. Read the notice at this address: bit.ly/rememberinghank

From Chris McCarty, current KREIA President and Ed Melton Award recipient (2000): For the remainder of my days on this earth, I will cherish and fondly remember my friendship with Hank. He is one of those friends that knew most of the more important details of my life and whom I have always been eager to share news of personal and professional matters and could count on for advice and wise counsel. I have had the honor to serve with Hank on the KREIA Board for 23 years and have seen many times firsthand his passion for teaching, mentoring and leading the KREIA organization. Much of the order, structure and success you see and feel at KREIA is covered in Hank’s fingerprints and guidance. He has counseled and mentored every KREIA Board and every KREIA president for the past 25 years. Either by example or individual lessons, Hank coached, mentored and taught an entire generation of KREIA leadership. Hank was a thorough teacher and if you were willing to listen, he would completely and tirelessly explain with patience the finer points of real estate law. Untold KREIA members were taught by Hank and I’ve seen him hundreds of times over these years standing at a KREIA meeting talking with a member and going over the explanation of whatever was the legal subject. When I would look across the room and see this teacher/student conversation, I would think to myself, “classroom in session.” Many of you will remember as you read this and know exactly what I am talking about as I know everyone saw or experienced these lessons. Not only was he the teacher, but every conversation was always in the strictest confidence of attorney/client privilege and he would never disclose or talk about these conversations to anyone. I would joke with him occasionally about the strictness of his confidentiality and he would just smile. He once told me that his family had a term of endearment for his confidentiality and called him “The Tomb,” as he would plan to take all his confidences there with him when he left us never to disclose. I went to the funeral home for visitation to pay my respects to Hank, his wife, Martha, and his children Anne and Jim, and received the handout Memorial Folder. In it was printed “A Lawyers Prayer,” and I want to share this with you as it is a fitting and just description of the man and lawyer that Hank was. Rest in peace, dear friend! A Lawyer’s Prayer Dear Lord, as I walk this day in the path of my profession, Kind to those who lean on me, Loyal to those who confide in me, True to those who trust me, Fair to those who oppose me, and Honest in every way, to everyone, about everything. Most of all, Lord, help me to seek justice, No matter where it may lie Or where that quest may lead.

From Gene Dyson, KREIA Co-Founder, Past President (1983-1985) and Ed Melton Award recipient (2013): My first recollection of Hank is from the mid 80’s, when several of us would congregate at the Hall of Justice to bid on forecloseures. He was all business, representing his bank and other clients in a very professional attorney manner. Because Hank never seemed to have much time for “chit chat” in those early years I, incorrectly, assumed he was a very reserved and “laid back” person; not so. In the last thirty years or so, since Hank and Martha joined KREIA, I found him to be a very warm, engaging, Christian gen- Recipients of the Ed Melton Award gathered for a photo a few years ago after deciding on that year’s new winner. Left to right: Mark Hass, George Foree, Dennis tleman, not nearly as reserved as I had thought in those early years. I even saw him Erhard, Hank Schildknecht, Jim Gardner, Dan Jones, Connie Horsey, Jay Long, Rue dancing a very interjected version of a polka McFarland, Mike Butler, Chris McCarty and Gene Dyson. (Photo supplied by Gene) at the German American Club while at one of his “retireFrom Eric N. George, KREIA’s Immediate Past President ment” parties. Hank married well; I think of he and Martha (2017-2019): being that quintessential couple. I met Hank not long after joining KREIA back in 2008 as a Hank was an outstanding KREIA president, board new investor with lots of ambition, but little experience. member and parliamentarian. One of the other things he Luckily for me (and many other KREIA members), Hank was did with excellence was to organize and present the Ed always willing to listen Melton Award each year. We will miss our annual get patiently and offer his together at the Louisville Boat Club this year, always hosted advice and guidance by Hank. both legal and other*** wise, and I immediFrom Ken Harrison, past KREIA Board Member and Ed ately knew he was Melton Award recipient (2018): someone I wanted in Henry Schildknecht was more than a real estate attorney my corner as I got into and longtime member of KREIA. He was a man with a depth real estate. I know of character that many didn’t realize and a quality indivisome of the questions dual. I don’t I asked him back then Hank swore in Eric George as the new KREIA President in July 2017. have a partiprobably made me cular memory sound a bit naïve or inexperienced (because I was), but to cite, but one Hank never made me feel silly or embarrassed for asking, could have and that helped provide me with the confidence to continue some interasking questions to learn more. To me, that’s half the battle esting conver- for anyone starting a new venture! sations with There were many other people at KREIA who offered me Hank. Whether guidance and advice over the years, but whenever I had a it would be big issue at hand I would always reach out to him for his about the club, take on it before making decisions. Hank was always the Ken and Hank at the 2018 Holiday Party as Ken politics, histoperson you could count on to have a steady demeanor and a gave his Ed Melton Award acceptance speech ry, or baseball, wise and thoughtful response to the issue at hand. After I Hank always gave as good as he got. He was my friend and joined the board he was always kind and supportive of me I’m going to miss him. At the last Bat’s game of the 2019 there as well, and after I was elected as VP and later as season, Hank said he planned on having the tickets again for President I relied on him greatly to help navigate some next year. I replied that I hoped to go with him if only my turbulent times as KREIA started to grow again from our low breathing issues didn’t worsen. Tomorrow only knows. point after the ’08 recession. He was truly someone I could *** count on over the years, and I’ll be forever grateful for that! Continued on Page 21 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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Top: Alexis Fentress snapped a pic of Lunch & Learn host Ed Gibson and September’s featured speaker, Michelle Rawn, after Michelle finished her presentation on the new CDC moratorium on evictions. Above: The KREIA crowd listened and asked questions of Michelle as they enjoyed a BBQ meal at Martin’s Bar-B-Que Joint. Above Right: Michelle addressed the room from a socially safe distance. At Right: Investors gathered at Bearno’s in Plainview for September’s KREIA Happy Hour. Left to right: Jumana Alfarra, Yazan Alfarra, Dean Alfarra, Daniel Williams, Gary Smith, Darian Moss, Jonathan Fletcher and Marcus Britton. (Photo by Alexis Fentress) 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.

Remembering Hank Schildknecht Continued from Page 19

From Joe Hampton, KREIA Past President (1989-1991) and Ed Melton Award recipient (2004): I really miss Hank Schildknecht. I miss seeing him at KREIA Two events come to mind. Several years ago KREIA events and board meetings. I miss seeing him dance and sponsored a weekend seminar at French Lick. Seminars have fun with his wife, Martha, at the German-American were conducted all day on Saturday and Sunday. Hank and I Club parties. I miss our private conversations before and gave one entitled “The Good, The Bad and The Ugly” in after real estate closings at his office. The last time I spoke tenant relations. I gave the to him was during a L.O.T.S. event before COVID-19 turned good and bad about tenant our world upside down, and it had been several months verifications and relationbefore then that I’d seen him at all as he privately battled ships. Hank gave the ugly, cancer without many outside his family aware of it. I was so which basically was the legal excited to see his smiling face then, and if I knew that aspects of dealing with tenwould’ve been our last time together I would’ve told him ants. We were a “tag team” everything I said here and more. and the weekend was well As I conclude, I’d like to offer my sincere condolences to attended. Hank really enHank’s wonderful wife, Martha, and the rest of his family as joyed sharing his knowledge they grieve for his loss. Until we meet again, may you rest in with the membership. He heaven, my friend! wanted to make sure that *** they not only stayed within From Michelle Rawn: KREIA Parliamentarian: the legal requirements, but Hank taught at a property manWhen I was elected to the he also wanted to make sure agement workshop in 2016. KREIA board, Hank decided he they did not get in trouble. Most of the attendees were was ready to retire as Parlia“newbies,” so they really needed the information. mentarian and pass the reins on The second event that comes to mind is the Ed Melton to me, with board approval. He Awards dinner. All past recipients would meet to nominate made sure that I had the oath of and elect a new member into the Melton Award group. office that would need to be Hank organized the event and took great pleasure in used to swear in the new memmaking the award an honor for all involved. He would set up bers and that I understood what a dinner each year at the Louisville Boat Club. All past my duties would be in this new recipients who could attend did and Hank would make sure role. He sent me a very nice letthat those who could not attend were able to cast their ter stating that he felt that KREIA vote. To Hank this was and is the most prestigious honor was in very capable hands and that KREIA can bestow on a member. Hank always kept that he looked forward to seeing track of all the nominees from year to year, which was the how I helped the group develop basis for each year’s starting point. My question, “Who will and grow. I’m saddened that he continue this tradition?” will not have this opportunity, An organization is only as good as those hardworking, but I will always remember his June 2017: Hank caught up involved members who keep the organization growing and kind words. Hank will be missed. with Michelle – KREIA’s new vital to their mission statement. Hank was one of those *** election ballot counter. active and involved members who believed KREIA was an From Jim Gardner, KREIA Past President (1991-1993) and Ed important asset to the real estate investor. If we want the Melton Award recipient (2006): group to continue to grow and provide the support to the Hank had me scared to death when we did a real estate investor community, we need more people like simultaneous closing at his office years ago before it was Hank. May he rest in peace. popular. The buyer was in one room and the seller in *** another not knowing what was going on. I made $10,000 From Sharon Vornholt, longtime KREIA member: being in the middle. Hank was a mentor to everyone no matter what their One of Hank’s duties for life was presenting the annual level of experience was. That was one of the things I loved Ed Melton award. He completely organized the voting about him. He treated someone just starting out who was meeting by previous winners, wrote the speech and made asking their first “beginner” questions with the same the presentation. Continued on the next page 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.

Remembering Hank Schildknecht Continued from the previous page

From Nan Upton, KREIA Past President (2005-2006): I have so many memories of Hank; I hardly know where respect and thoughtfulness that he did a seasoned pro. That to start. Hank was not only my attorney but my valued friend. When I came on the KREIA board as secretary, Hank was one of the things that made him such a great mentor. was president; he began to mentor me from day one and *** From Mike Butler, KREIA Past President (2003-2005) and Ed continued long past when I became president. Not that I was special, Hank was special, he did that for so many Melton Award recipient (2005): people. At every KREIA meeting you could see Hank with a There’s only one Hank Schildknecht. I first met Hank about two years before I went to my first small crowd or line around him, people waiting to ask him their question. I asked him once if he didn’t get tired of that, KREIA meeting. He did my closings when buying rental wouldn’t he like to just relax. Hank replied he felt it was his houses. To the unlearned eye, Hank’s office was cluttered duty as he was an ambassador of KREIA and the spirit of with stacks and almost shoulder-high piles of files, folders, KREIA; and so he was. and boxes. This mirrored Hank’s genius mind and it’s all Every time I or someone met with Hank, he would “organized” for his legal work, just like photos of Albert remind us of something that was said, who said it and most Einstein at his desk. Hank was an instructor at U of L Law School and volunteered countless hours to benefit all KREIA often could give the month and year it was said. Hank had a most remarkable memory. Often he would pull out a news members. I’ll never forget Hank speaking at Ed Melton’s article or a paper relating to a conversation from a month or funeral. When Hank was voted in as KREIA President, he a year before. It always made me feel like he appreciated brought a wheelbarrow full of 3-ring binders, forms, our conversations, and I appreciated him so much for that. I agendas and “committee assignments.” Hank ran a tight ship, and his committee structure is still used today. Behind did not know how much more I would come to appreciate that as I began to have neurological problems that looked the scenes, he gave over 100% on preparing for a court like it might be Alzheimer’s. case, teaching mentoring programs, the Annual Ed Melton As I got worse, Hank continued to reach out to me. He Award process, and most of all, his family. RIP Hank, you will would sometimes call to say he had seen my name on this be missed by many. or that and should he take care of it. No, not as one of those *** attorneys soliciting business, but as a friend. When he asked From Chris Dischinger, KREIA Past President (1993-1994) me if he could put my name in for the Ed Melton award, I and Ed Melton Award Recipient (2002): was forced to admit to him that I was going to have to Hank served as LDG’s attorney on all withdraw from KREIA activities as I could no longer manage the foreclosure properties we bought. He my duties or manage my business. Hank, rarely one to joke was always thorough and helpful when but always uplifting, said, “You will still be an expert, now issues would arise. you will be an expert in foreclosures.” Hank was a consummate professional As I was not an expert, I told my daughter that anything but also had a great sense of humor. We she needed to know or do for me she could go to Hank were once in a lawsuit where the other because he not only knew all and remembered all, but most side accused Hank of having an erroneous importantly, Hank Schildknecht could be trusted with error. Hank loved the illogicalness of it all A portrait of Hank anything. How many people can you say that about? Hank and named the argument as a form of was one of a kind and KREIA would not be what it is today legalese named after the defendant. Hank was a great without the years of dedication Hank gave KREIA and its leader of KREIA and always made sure that we did things members. the right way. *** He loved to kid me about being one of few or only oneFrom Dan Jones, past KREIA Board Member and Ed Melton term presidents. Award recipient (2015): *** I first met Hank in 1985, through University of Louisville From George Foree, KREIA Board Member and Ed Melton Tau Kappa Epsilon (TKE). I had no idea he would eventually Award recipient (2007): be an incredible influence in my life. As a real estate He made me feel so welcome in KREIA, and he was a attorney, he ended up guiding me through many real estate great influence for all of us to do things right, according to transactions during the ‘90s. Hank could close real estate the law. That's what I liked most about him. He kept us transactions and could litigate disputes in front of circuit straight. Continued on Page 24 *** 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.

Remembering Hank Schildknecht Continued from Page 22

Hank was also instrumental with helping myself, along with the current president at the time and two former court judges and commissioners. presidents, set up the KREIA ethics board. As the president and leader of *** KREIA he showed me and many From Tom and Karen Hargis, longtime KREIA members: others how to get organized. Hank....Great friend and attorney will be most certainly When he took on a task, with his missed!! So many memories! We definitely could not have drive and self-discipline, he could gotten to this point in our business without him. out-focus anybody. Hank was *** Rock Solid. As a friend, he would From Mike Fallot, past KREIA Board Member: take his time, listen to your I remember Hank Schildknecht first and foremost as a problems, and provide the most kind person and a gentleman. Hank was as well schooled in thoughtful advice and guidance Hank in the courtroom the art of conversation as he was in real estate law; he possible. When he did not know what you were talking understood that listening was more important than talking. I about, he would say: “PLEASE” (meaning please reword think that is why Hank was universally well liked and a your statement!). successful lawyer. He cared about people and took the time His character was at the top of the moral-ethical chart. to know and understand them, and he treated everyone I already miss him greatly. fairly and with respect. *** In my early years as a KREIA member, Hank always made From Tamara West, past KREIA Vice President (2018-2019): it a point to seek me – and many other newer members – I have many memories of Hank. He was always a pillar of out and welcome us. This made a lasting impression on me KREIA. I remember when we had a KREIA get-together at and I’ve tried to follow Hank’s example. the German American Club. It was one of the first KREIA KREIA benefitted greatly from Hank’s steady and wise events we attended outside of the monthly meetings. I was advice and long years of service as parliamentarian. nervous, not sure what to expect. My family and I came, and Our friend Hank will be greatly missed. Martha and Hank made sure we felt welcome. They made *** sure my kids got some of the prizes and toys to take home. From Lauren Willoughby, KREIA Board Member: I remember the phone call I got from Hank when I was Hank was the official memory keeper for KREIA, and in voted onto the board, and how we always sat on the left my role as newsletter editor I came to depend on him. side table in the board meetings. Usually next to his good When I needed a list of KREIA’s past presidents and the friend Rue. Occasionally I was privileged to sit next to Hank. dates they served, for example, he was ready with that He always had such a quiet dignity about him that I really information. Any question I had about our organization – or appreciated. about real estate – he had the answer. He was always When I was just getting started, I remember the time I patient and so very kind. We will all miss Hank. was going to wholesale a property to a couple of KREIA *** members. I had gotten a property to sell under contract – or From David Coffey, past KREIA Secretary: at least I thought I did. Unfortunately I found out from Hank I always liked Hank as a person. Whenever I saw him I that the seller wasn’t clear to sell. The property had been could count on having a good conversation about law, owned by mom and dad, who both passed away, with a medicine, real estate or my most recent public sighting of holographic will with NO witnesses, AND the person on the his wife, Martha (She’s everywhere! She’s everywhere!). contract was only one of THREE siblings. One of the siblings One of the things I really respected about him was his high had passed away, and the other lived around the corner. ethical standards. He was always a straight shooter and by We had it set up so the original sibling could sign and then the book with his advice. Like everyone else who knew him, we would go get the other signature. You see, in the will it I will miss him. He was a once-in-a-lifetime kind of man. stated the original sibling was supposed to get the house *** and the other sibling was supposed to get the title to a From Darin O’Neil, past KREIA Board Member: historic car. Apparently the second sibling hated the first In memory, Hank always had a smile and kind word sibling enough he refused to sign, and Hank and I got whenever we spoke. What stood out to me about Hank was earfuls. Long story short we were not able to close the deal, his care and attention he would give in response when I and I learned how to do a little more research before would ask him a question. It taught me, likewise, to take getting knee-deep into crazy. Continued on Page 26 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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Remembering Hank Schildknecht Continued from Page 24 questions asked of me more seriously and to answer thoughtfully. When he answered me with that kind of care and attention, it made me feel respected and important, even though I didn’t think my question warranted so much care, he did. I want to pass that forward. *** From Brad Lammi, KREIA member and real estate attorney: I consider it a great privilege to write something about Henry Schildknecht and contribute to honoring his life and his memory. He was a great friend, mentor and colleague. When remembering Hank there are six words that always stick out to me: Integrity – Hank epitomized what it means to be an ethical attorney. He took his oaths to the Court and to his clients very seriously. He was even somewhat renowned for his zealous protection of an attorney client privilege; once you entered into an attorney client relationship with Hank, you could rest assured knowing whatever you discussed with him would never be shared again. For this trait he earned the nickname of “the tomb” amongst several members in KREIA. Thoroughness – Hank had an amazing ability for attention to detail. His review of a title was second to none. He was always well versed in the law, and I always love to recount how when I had a legal question Hank would recount some arcane case from memory and then proceed to immediately pull it out from a seemingly chaotic stack of papers. Selflessness – Hank prescribed to a pay-it-forward type of ideology. He was always willing to share his knowledge and mentor others in any way he could. I myself am a large benefactor of his generosity and I am certainly not alone. He donated his time, knowledge and money to help others. Intellectual – Law, History, Politics, Finance and Baseball were among Hank’s favorite subjects. He was well read and knowledgeable about each of them. I know many that thoroughly enjoyed their conversations with Hank. In part, I believe Hank continued to practice law as long as he did because of how much he enjoyed these conversations. I think many in KREIA have probably received a newspaper/magazine clipping about a favorite subject that they discussed with him. Beer/Baseball – I often joke with people that I am Martha and Hank take in a game. partially in the position I

am in today because I like beer and baseball. One of the first times I met up with Hank we struck up an enthusiastic conversation about German beer and the Boston Red Sox/Chicago Cubs. A favorite pastime of his was having a strong IPA watching the Louisville Bats play. ***

Hank and Martha visited with Dan Jones. (Photo: Johanna Myers)

From Martha Schildknecht, longtime KREIA member, investor, and Hank’s wife: One of the greatest gifts Hank left me was a binder with alphabetical tabs telling me where everything is — all in one place. He’s been telling me a lot of this info all along, and taught me how to run our rental business, or at least who to call if I didn’t know the answer to something. He didn’t tell me about this binder until 2 days before he died — he’d been working on it for 3 months upstairs in his home office unbeknownst to me. I was flipping through it last week and, sure enough, under ‘K’ were his instructions for what to do with all his old KREIA papers. Hank was an organized “saver,” and in our basement are lots of old KREIA materials — CDs, or maybe even DVDs, of old speakers, meeting notes, etc. One CD was dated 2002! I fought the surge to pitch it in the trash. (I am NOT a saver, but an emancipator!) I’m to give Chris McCarty the Ed Melton file, which is about 6 inches thick and organized by year (of course!). I never knew who the winner was until it was announced at the meeting — I quit asking after Hank explained to me that he just couldn’t tell me. I never knew his clients’ business unless they told me themselves. When we were newlyweds it hurt my feelings! He then explained how important it was for his clients to know that whatever they told him stayed with him, that this was something they could be sure of.

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National REIA News Roundup Continued from Page 14

New Home Sales Up Over Last Year

2020’s Top Metros for Apartment Construction

The U.S. Government is reporting that sales of new single-family houses in July 2020 were at a seasonally adjusted annual rate of 901k, which is 13.9% higher than June’s revised rate, and is 36.3% higher than one year ago. View the Census.gov PDF: bit.ly/k2009homesales

What are the top metros in the country where apartments are being built? According to RentCafé, the Dallas-Fort Worth metroplex is set to complete nearly 20k apartments by the end of the year – topping their chart for 3 years in a row. (Louisville did not crack the top 20.) Read the full report: bit.ly/k2009apartments

Home Builder Confidence Highest Since 1998

Airbnb to sue man who rented Cinci apartment where man was shot

In a sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased six points to 78 in August. Read the full report: bit.ly/k2009confidence

Handyman Stephen Knight, 31, was assaulted then shot in mid-August in Cincinnati’s Pendleton neighborhood when he tried to break up a party. Read at the Cincinnati Enquirer: bit.ly/k2009Airbnb

Higher U-Haul Prices Reflect Exodus Chart Shows Rates by Decade With mortgage interest rates hitting an all-time low, it from High-Tax Cities & States We have seen a lot of stories about migration from hightax & high cost of living areas to lower ones. One reliable metric has been the price of one-way U-Haul rentals. Read the full story at FoxBusiness: bit.ly/k2009uhaul

helps to put things into perspective. Check out this infographic, which shows rates from the last 50 years. View the infographic: bit.ly/k2009rates

Going Once, Going Twice – Real Estate Opportunity! Continued from Page 3 In her presentation at Thursday’s main meeting, Miranda said she will give us a complete, behind-the-scenes walkthrough of bank-owned auctions, from start to finish. She will also cover: ● How to do your due diligence ● Messages you’ll see during the auction ● What will happen if you are the winning bidder after the auction ● Other opportunities Auction.com offers Meet Miranda: Miranda Tarry travels to different real estate investment clubs in Kentucky and Ohio in her support staff position with Auctions.com. Now that we are having virtual meetings, you’ll see her on our online Zoom calls. Before joining Auctions.com, she worked for 12 years in event facility management for a university. Local Live and Online Auctions With Julie Bex of Auction Professionals of Kentucky You may be browsing your local paper and see an ad for an estate sale, with real property to be auctioned off ... usually on a Saturday morning or a Thursday evening at the site of the property. When you see an ad like that, there’s a local auction house involved. And chances are that the auctioneer on site could be Julie Bex. Julie is going to educate us on the local auction scene. ● Join our Zoom call on Sept. 24. Log on by 5 p.m. for the member orientation. The early meeting happens at 5:30. Between 6 p.m. and 7 we’ll have announcements, a legislative update, and property and advertiser pitches. The auction presentation starts at 7 p.m. This main mee-ing is free for KREIA members! Register at kreia.com

Quotable Quotes “Don’t wait to buy real estate. Buy real estate and wait!” – Will Rogers “We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” – Warren Buffet

Landlords, Here’s a $15 Million Fund to Help Pay Tenants’ Rent KREIA Past President Eric George would like to remind landlords about Kentucky’s “Healthy At Home” program, which can help tenants pay their rents: “Governor Andy Beshear signed Executive Order 2020700, dedicating $15 million in federal Coronavirus Relief Funds for a Healthy at Home Eviction Relief Fund. The fund is a statewide effort to prevent Kentuckians from facing eviction and to allow landlords to realize substantial payments for back rent. It will allow tenants to remain healthy and housed throughout the COVID-19 pandemic.” Read more about the fund here… https://teamkyhherf.ky.gov/ … where you’ll be able to click a button to apply for assistance. The site states that “Both the Tenant and the Landlord have to submit their applications to qualify for eviction relief assistance.”

Mike Butler: How ’Bout Some Good News? Continued from Page 6 detainer action will be in the stack to get a court date, which could be months out based on the current docket status. #5: DEALS and MORE DEALS: As with any drastic change in our economy and real estate market, sharp investors prepare properly and can pounce on some killer deals BEFORE the rest of the average investors and real estate agents figure it out. Stockpile your cash the best you can and remember to do as many deals as you can in your selfdirected Roth IRA. Stay $afe, Be Careful, Make sure you keep a can of Wasp and Hornet spray in every vehicle! (Teach your kids how to use it) To your continued success,

P.S. Sign Up for Your FREE Investor Training Every Tuesday at 12 noon: MikeButler.com/PowerLunch Mike Butler is a KREIA Past President, a recipient of the Ed Melton Award, a property manager, a high-volume landlord, a principal in Tenant Finder Service, a retired Louisville undercover police detective, and the author of the bestselling real estate book “Landlording on Autopilot,” now available in its 2nd edition.

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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

Attend This Meeting Before You Bid Ever thought about buying a house at auction? Ever wondered how to go about it? This month we’re taking you behind the curtain with a look at rules, procedures, and tips on how to carry out your due diligence. Member Orientation: At 5 p.m. on the call, tune in to hear about benefits you get as a KREIA member. Early Meeting: At 5:30 p.m., Greg Nalley tells investors what they need to know about insurance.

❖ October 1st — 5-7 p.m. KREIA Happy Hour. Host Hampton Scurlock says we’re planning to meet at Bearno’s in Plainview. Though, as you’d expect, rules on gatherings during COVID-19 may affect us. Stay tuned. ❖ October 6th — Noon-1:30 p.m. KREIA Lunch & Learn. Host Ed Gibson has invited Greg Nalley of Nalley Insurance to speak. Stay tuned on this too for info on the location of the event. ❖ October 15th — 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. We’re planning to meet at Bearno’s.

Main Meeting Calendar

❖ September 29th — Noon – 1 p.m. L.O.T.S. Event. We virtually Here’s what’s coming up next: visit a rehab project in an East End neighborhood close to the intersection of Brownsboro Road & the Watterson Expressway. • October 22: Show Me the Money (tentative) Investors share their numbers – and their secrets!

We look forward to seeing you at our next main meeting!