Amended Fair Housing Ordinance Goes Into Effect March 1

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The Louisville Metro Council has voted in a new ordinance that adds four new protected classes for housing that landlords need to be aware of. It goes into effect on March 1, 2021.

According to a city press release:

"Louisville’s ordinances currently provide for non-discriminatory housing practices for protected classes such as race, color, religion, national origin, familial status, disability, sex, gender identity and sexual orientation. The new ordinance, sponsored by Councilwoman Jessica Green (D-1), adds, to the protections the ordinance currently provides protection against discrimination based on:

  • "A person's homeless status
  • Prior military service
  • Criminal history
  • Source of income such as child support, foster care subsidies, income derived from social security, grants, pension or any form of federal, state or local public assistance or housing assistance"

Attorney Michelle Rawn has provided us with the 11-page ordinance in a PDF document. Click here to view or download the document.


Leap Day Retreat Brings 9+ Hours of Real Estate Instruction

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On February 29, about two weeks before COVID-19 shut down our large gatherings, KREIA held a full day of workshops at cabins on Taylorsville Lake. It was a deep dive into landlording, wholesaling, flipping — and more. Beginning investors and advanced investors alike found a lot to learn. Active KREIA members who are logged in can watch videos from the event now.

You'll find out things like...

  • Why turning in your taxes in October instead of April may help you avoid an audit. (Thanks, Joe Hampton!)
  • Why Roth IRAs are better than standard IRAs in helping you build wealth. (Thanks, Chris McCarty!)
  • Ways to entice your tenants to stay forever (or close enough to it!), helping you avoid costly turnover expenses. (Thanks, Dennis Erhard!)
  • How to use LLCs and land trusts to better protect your assets and your privacy. (Thanks, Harry Borders!)

We know you'll find must-implement nuggets of wisdom from these 7 workshop videos. Click here to watch now.



Five investors reveal how to build a rental portfolio

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Five successful Louisville real estate investors — George Foree, Donnie Adkins, Chiquita Lindsay, Kisha Lindsay and Marcus Britton — share stories of how they have changed their lives by owning real estate and building a portfolio of rental properties.

Get their tips on how to put the power of passive income in your life too! If you want to be a real estate investor — and especially if you want to be a real estate investor in Louisville, Kentucky — you need to listen to these five.

Brought to you by the Kentuckiana Real Estate Investors Association and emceed by investor Hampton Scurlock.

Recorded December 10, 2020, from a special KREIA Zoom online meeting.

Please note that this is the public version of the video. KREIA members who want to see the version with 40 added minutes of open-mic networking can watch that by clicking here.


Five Investors Share Tips in Home Ownership Workshop

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Home Ownershop WorkshopHampton Scurlock, an investor on KREIA's board, invited five other successful Louisville real estate investors — George Foree, Donnie Adkins, Chiquita Lindsay, Kisha Lindsay and Marcus Britton — to share stories of how they have changed their lives by owning real estate and building a portfolio of rental properties.

Get their tips on how to put the power of passive income in your life too! These panelists cover how they got started buying houses and offer tips on how to prosper within the Section 8 program — and offer more valuable experience as well.

Recorded December 10, 2020, from a special KREIA Zoom online meeting.

KREIA members logged into their accounts can click here to watch the video now.

Please note that this is the full video of the event, including the 40 minutes of open-mic networking that happened after the event "officially" ended.

There is also a public version of the video, posted on YouTube, that is embedded in a separate blog post.


National REIA's Video Conference Call from November 20, 2020

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The video is posted from November's National Real Estate Investors Association COVID-19 update.

Charles Tassell, NREIA's COO and Director of Legislative Affairs, looked at economic indicators, home ownership stats, and foreclosures. He also gave an update on what's going on in government regarding real estate. And he offered up lessons from the 2020 elections and explained why gridlock is good for investors.

Ryan Solomon of Get Covered talked about the benefits of requiring tenants to purchase renter's insurance. He also touched on guaranteed rent policies, small business insurance and security deposit replacement programs.


November 2020 Full Meeting Replay: Holiday Party

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KREIA Holiday PartyWe had to take our party online, but it was festive. KREIA board members shared lessons learned -- from buying houses with unseen issues to getting burned by contractors. The Ed Melton Award recipient was named, and we raised a ton of money for the Home of the Innocents.

And folks won some great prizes! Party Man Frank Miller donned elf headgear to give away gift cards, a new GoPro camera, and several stays at vacation cottages.

In all there is more than 3 hours of fun, fellowship, real estate instruction -- and prizes! Watch this members-only video.


Jordan Pohn forecasts situation for investors in 2021

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Lunch & Learn with Jordan PohnDuring lunch hour on election day, Jordan Pohn of SurePoint Equity called upon his background in economics and lending to forecast what investors may see in 2021 -- taking into account the uncertainties surrounding COVID-19, the election, what's going on in the stock market, and the undersupply of housing in Louisville.

This meeting features lots of lively discussion between Jordan and event host Ed Gibson and with the room full of KREIA investors.

Near the end of the video, Jordan shares a tip showing how new investors can build a paid-off portfolio of 10 rental houses, starting with only $5,000!

There's lots of tips in this video recording of KREIA's Nov. 3, 2020, Lunch & Learn meeting! KREIA members logged into their account can click here to watch now.



October 2020 Full Meeting Replay: Show Me the Money!

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Show Me the Money!Need funding for your deals? We've gathered four representatives from four different types of lenders to help get you the money you need to flip houses and build your rental portfolio.

MIke Fallot of MM Lending talks about how to borrow from hard money lenders. KREIA Past President Joe Hampton explains how private money lenders can fund your projects. Bridgette Wingate from Central Bank & Trust shows how to get the cheapest money around -- residential bank loans. And Marcy Mudd from Mid-Southern Savings Bank explains how commercial bank loans can flexibly help fund growing portfolios.

And check out the early meeting! Eric Shadowens, a CPA with DMLO, gives up a ton of tax tips. He even shared a 23-page handout of resources. (The link to download the handout PDF is in the video.)

In all there is more than 3-1/2 hours of real estate instruction, real estate talk and open-mic networking here. Watch this members-only video.