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May 2020 Main Meeting Replay

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Here's the members-only video replay of the May 28th main meeting — KREIA's second virtual main meeting: "12 Strategies for Finding Off-Market Deals," with Sharon Vornholt.

Sharon is a local expert on marketing and branding, and she has a national following. She has amassed a ton of educational material for investors on her website, The Louisville Gals' Real Estate Blog, and she interviews other real estate investing and marketing experts on her podcast, "Let's Talk Real Estate Investing."

In our May meeting, Sharon shows us how to find deals off the MLS, explains why probate leads are her favorite, and offers tips on how to create a marketing plan to keep your lead pipe full.

This edited video replay includes the early meeting slideshow, advertiser pitches and property pitches.



KREIA's 2020 Election Results

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Parliamentarian Michelle Rawn announced these results from KREIA's election, which concluded at 7 p.m. on June 25th, during our main meeting on rehabbing:

Officers. Chris McCarty President; John Jones Vice President; Erik Hitzelberger Secretary; Mike Grinnan Treasurer; Wally Kallbreier Treasurer Elect.

Board members. 2 year board members: Lauren Willoughby; George Foree; Rob Bergeron; Jordan Pohn; Stacey Duvall; and Christopher Jaquith; 1 year board member Alexis Fentress



A Message From KREIA President Chris McCarty

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Dear KREIA Members and Friends,

Please excuse the silence up to this point in regard to the current state of civil unrest in our city and nation. Like many, I haven't known what to do, but as a leader, I must speak out.

The latest racist events in our country and even here in Louisville have left me heartbroken, confused and angry yet again. The senseless killings of George Floyd, Breonna Taylor and Ahmaud Arbery have reminded us all of the inequality and injustice in this country and this city. It is frightening and unacceptable that these inequalities have persisted for so long. It's time for change.

Let me be clear: KREIA doesn't tolerate racism or violence against Black people, and we demand inclusivity in all areas including Real Estate Investing. While I don't have all the answers right now, I am committed to being part of the long-term solution to combat the negative effects of systematic racism within our circle of impact here at KREIA.

While there will be much more action to come, we will begin by:

  • Creating a series of programs to educate, raise awareness and break the patterns of systematic racism in Metro Louisville Real Estate
  • Updating our Bylaws to include a strong statement of inclusivity and intolerance to racism and discrimination of any kind
  • Initiating a Scholarship fund to pay membership fees for first year minority Real Estate Investors as we help promote inclusivity in the organization
  • Forming an advisory committee to help the KREIA Board to better understand how KREIA can be a better resource in dismantling systematic racism in Louisville Metro Real Estate
  • Educate and inform our members of the history and practices of segregation and redlining of neighborhoods that have caused the geographic separation of races in our city adding to the challenges we continue to struggle with today.

I and the KREIA Board of Directors stand ready to accept your call, criticism or help to assure KREIA remains equally accessible to all members with their real estate investing and financial goals.
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National REIA's Video Conference Call from June 5, 2020

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Money is still available in the Payroll Protection Program and you have until June 30 to apply, advised Kevin Coughlin of Lexington Companies during the June 5 National REIA COVID-19 Update. If you've already applied and are now looking into how you can get as much loan forgiveness as possible, rules and requirements have changed recently in favor of business borrowers.

Charles Tassell advises caution as eviction courts reopen so that you don't run afoul of rules that apply to rentals that benefit from some sort of subsidy: Re-examine your loans to make sure you're following rules on when evictions can be filed and late fees charged.

Tyler Johnston of IDI demoed his company's skip-tracing service and gave REIA members a special URL to use for a 50% discount on their service.

NREIA Executive Director Rebecca McLean offered a national market update discussing trends.


See You at Noon 6-5-2020: Eric George

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Rob Bergeron interviews KREIA Immediate Past President Eric George (aka "IPP") to find out how he started investing in real estate and what led him to specialize in student rentals.

Eric reveals that currently he and his wife, Christina, are focusing on investing in self-storage. He offers some tips on evaluating markets for that investment class, and also he names his mentor.


See You at Noon 5-29-2020: Follow-Up Friday

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Rob Bergeron invites KREIA President Chris McCarty and Vice President John Jones to sum up our May 28th meeting, in which marketing expert Sharon Vornholt offered 12 ways to find off-market deals. John gave a testimonial revealing that much of his marketing efforts are based on Sharon's teachings. Chris offered some lessons he learned from the 2008 downturn and compared the situation to what investors face now with COVID-19. Lots of golden nuggets here!


April 2020 Main Meeting Replay

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Here's the members-only video replay of the April 23rd main meeting -- KREIA's first ever virtual main meeting: The State of Kentuckiana Real Estate. 

We invited seven experts to research and present a topic relevant to Kentuckiana real estate investors in the wake of COVID-19:

• Attorney Michelle Rawn gave us the legislative update on the courts reopening
• Real estate agent Rob Bergeron looked at stats on home sales, both locally and nationally
• Lender Jordan Pohn discussed banks' changing lending requirements
• Property manager Erik Hitzelberger gave us the outlook for landlords
• Wholesaler Hampton Scurlock explored challenges facing home buyers and sellers
• Rehabber Frank Miller gave us a market perspective from a fix-and-flipper
• Airbnb host Luke Neubauer described the hard hit suffered by short term rental managers

This edited video replay includes the early meeting slideshow.


See You at Noon 5-22-2020: The Future

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What does the immediate future hold for the real estate industry? Home prices and demand are fairly stable for now, but will that change? Rob Bergeron invites Mike Fallot of MM Lending -- a fix-and-flip private money lender for the Louisville, Cincinnati and Indianapolis markets -- to analyze data and predict what's coming down the pike.