REAL ESTATE JOURNAL
FALL 2023
2. Innovation is Necessary for Continued Growth and Success
9. NREIA’s Excellence in Innovation Award Winners
3. NREIA Legislative Update
14. Who’s Afraid of Fraud? We All Should Be
5. Is Your Business Built on One-Night Stands?
15. A System and Discipline
6. Most-Expensive (and Least-Expensive) States for IRA Real Estate Investors 8. Streamlining Property Management: From Landlord to Accountant
16. Things You Need to Know About Trusts 18. Self-Directed IRAs and 1031 Exchanges: Powerful Tools in a Real Estate Investor’s Arsenal
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Vol. 8 Issue 4
Being Your Own Bank in Real Estate Investing
RE Journal
Member Spotlight
By Jason K. Powers
T Anna Mills
Y
ou could probably describe Anna Mills as a been there, done that, sold this, tried that, rehabbed this and even found time to help write some books along the way. You could also say she’s fought the law (government) and as you might expect, she won. She’s twice been president of National REIA, Ohio REIA and she’s the current president of Toledo REIA. In addition, she’s a Realtor and holds no fewer than 15 professional real estate and contactors licenses, including the skill trades of plumbing, heating, electrical contractor, lead paint supervisor and contractor and clearance tech inspector for lead abatement. And, if that weren’t enough, she’s a Toastmaster and she speaks and teaches at investor workshops for her local housing authority, at REIAs across the country, and area banks.
he world of real estate investing, where capital flow dictates growth and success, often puts investors at the mercy of banks, hard money lenders, and private money lenders. These financing avenues, although reliable, come with their unique set of drawbacks. Enter R. Nelson Nash’s concept of “Becoming Your Own Banker,” a revolutionary paradigm detailing the “Infinite Banking Concept.” For real estate investors, it’s essential to analyze how this strategy might be more advantageous than traditional financing channels.
Traditional financing vs. ‘Infinite Banking’ Most real estate investors are familiar with the process: Find a profitable
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Common Questions About Assistance Animals
By Victoria Cowart, CPM, NAAEI Faculty
A
ssistance animals are a big part of life in the multifamily industry these days. Whether an emotional support or service animal, they provide so many renters with the help they need and the quality of life they deserve. While apartment communities stand ready and willing to do all they can to provide welcoming environments for residents and their assistance animals, there’s no getting around the fact that these animals can present some challenges. To start with, the volume and complexity of reasonable accommodation requests for assistance animals can quickly overwhelm property management teams. Meanwhile, operators also have to be on the lookout for fraudulent accommodation requests while also navigating the various Fair Housing risks posed by assistance animals. Continued on Page 14
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