National REIA's Legislative Update for the third quarter of 2022 takes a look at the Inflation Reduction Act, HUD's Bridging the Wealth Gap Initiative and the reported 87,000 new agents the IRS is bringing onboard. (More audits coming?) Click to download the update or read it online.

In the Benefits Update portion of this bulletin, National REIA takes a look at affiliates RentPerfect and ODP Business Solutions (formerly Office Depot).

With Rent Perfect’s smartphone app (iOS and Android) you can send application invites to prospective tenants and view credit & background reports all from the convenience of your phone. You simply send an application invite link through Rent Perfect's App to an applicant's email address. Then, the recipient completes an online application on their mobile device or computer, they pay the fee and you get instant access to their credit report with a score and an instant criminal report

ODP Business Solutions offers savings with up to 55% off retail on office supply, cleaning & breakroom items. In addition, they offer significant savings on copies & printing as well as free next business day shipping on orders of $50 or more! Get 20% off branded ink and toner.

The Kentuckiana Real Estate Investors Association invited Louisville Mayoral candidates Craig Greenberg (D) and Bill Dieruf (R) to discuss their platforms and offer possible solutions to investors and developers in doing business and working to find solutions to the city's housing problems.

Both candidates commiserated with investors regarding government delays and red tape each had personally experienced in trying to move their own projects forward.

The candidates spoke at the beginning of KREIA's Oct. 27th main meeting ("2023 Real Estate & Economic Forecast") at Woodhaven Country Club, less than two weeks before the Nov. 8 election would decide which man would lead Louisville.

National REIA's Legislative Update for the second quarter of 2022 brings grim warnings related to inflation, COVID-19, oil demand and pricing, the Russian-Ukraine war, and food shortages. But it also encourages us investors to flex our creativity and ingenuity to keep the real estate market strong. Click to download the update or read it online.

In the Benefits Update portion of this bulletin, National REIA takes a look at affiliates Arcana Insurance Services and REIPro. Arcana offers insurance products specifically designed for real estate investors and tenants. REIPro is an all-in-one online software package that helps investors source, track, market and profit from property leads.

National REIA's Legislative Update for the first quarter of 2022 warns of coming changes in inflations and interest rates and advises, "Please make sure your business model is prepared for the ensuing financial headwinds. The Fed is signaling a rate increase in March of 2022, with a 'couple more' for the remainder of the year." Click to download the update or read it online.

In the HUD Update portion of their bulletin, they report that the HUD "has significantly increased funding for testers and fair housing violations – please make sure your business
is up to date on ALL fair housing requirements." If you have an opportunity to take a Fair Housing class, it would be a good idea to take it.

In this issue National REIA also spotlights the REIAsure Insurance Group, which "provides a Rent Guarantee Program that offers job loss and disability protection to keep people in their homes." And also, "Their automated, simplified platform helps ensure participating commercial or residential clients purchase and maintain their insurance.."

National REIA also reminds us of a new offer from Equity Trust that includes the digital download of a best-selling book on managing your self-directed IRA.

If you missed the workshop held Saturday, Oct. 30, when KREIA teamed up with NAREB and Master Builder's Academy at the Spirit of Love Center, you can watch it now on KREIA's Public Facebook Page!

You'll learn about how you can flip houses using other people's money — which results in a "no-money down" deal for you! You'll learn about how to use rental property to become financially free!

KREIA President Erik Hitzelberger, along with KREIA board member John Mays, kicked things off at the workshop. Other speakers who shared their knowledge included:

• Longtime investor George Foree
• A credit repair specialist from King Financial Repair
• Bankers Teri Knott (Stockton Mortgage) and Raymond Smith (President of OroWa Financial)
• Attorney Harry Borders (Borders & Borders)

Many thanks to Pastors Derek & Claressa Wilson at the Spirit of Love Center for hosting this event and to KREIA Board Member Alexis Fentress for livestreaming it to Facebook.

Tax attorney John Hyre has posted an Oct. 28th update:

Democratic Anti-SDIRA/401k Proposals Are Dead: Per the American Society of Pension Professionals & Actuaries, ALL of the IRA & 401k provisions have been dropped from the reconciliation bill. Source.

Good news! Earlier...

Hyre lays out all the reasons why investors must write letters to their representatives in Congress to protest proposed "Build Back Better" legislation that would gut investors' ability to invest in real estate using their self-directed IRAs. It could also cause a forced distribution.

John gave a presentation to Vena Jones-Cox's Ohio REIA, which you can watch above, and he has shared his slideshow with us. Vena has also shared a document explaining why this legislation should not be passed — and you can borrow from it in order to write your own representative.

• View and download John Hyre's slideshow — Proposed SDIRA Tax Changes, OR
  Read More...

All the video replays from Tamara West's Tool Tip Tuesday Zoom calls so far are available now for members to view. Check them out and learn how to...

• Use the Jefferson Co. PVA website to research properties and neighborhoods
• Mine the Jefferson Co. Clerk's website for pre-foreclosure and probate leads you can get for free
• Use Canva to create 'I'll buy your house' postcards and graphics for social media campaigns — also for free
• Get Android apps handy for your real estate business-on-the-go
• Find lists of foreclosed properties and REOs for free on government websites
• Create workflow automation using Zapier, and more, in this Q&A session
• Evaluate CRM software, which helps you keep track of your leads and prospects

Please note that you'll need to be an active KREIA member who's logged into your account in order to view these replays.

And be sure to attend Tool Tip Tuesdays live so that you can talk with Tamara.

All the video replays from our L.O.T.S. events this year are available now for members to view. Get educated and motivated by taking virtual tours through houses — and an apartment building — that KREIA members have renovated.

• Regina Porter's Chickasaw rehab, Nov 2: She came out of retirement to take up investing and jumped right into challenging makeovers
• Jacob Michal's PRP rehab, Sept. 28: He's going to make about $50K in profit on this light rehab, and he found it by cold-calling
• Diamond Shirley-Alexander's Newburg BRRRR, Aug. 31: She's been investing for a short time and has already built an impressive portfolio
• Alexis Fentress' Taylor-Berry turnover, July 27: She gives us a look at what's going on in her rental after the tenant moves out
• Read More...

Jacob Michal, a 23-year-old investor known in KREIA for wholesaling, invites us into his Pleasure Ridge Park flip project, which he found by cold-calling and which looks to earn him about $50k in profit.

During this Sept. 28, 20201, L.O.T.S. event, Jacob leads us on a tour, shares his numbers, and answers questions about his finishes and some of the vendors he used.

Alexis Fentress facilitates from the site.

Looking for inspiration for your next fix-and-flip project? Watch this members-only video.

To see photos and a quick breakdown of the numbers from this project, check out Alexis Fentress' post on Jacob's project over in KREIA's Private Facebook Group. Photographer Bruce Hinson, of Obedient Camera, also posted photos over on Facebook.

Are you a KREIA active member who's not yet part of the Facebook Group? You can request to join here.

In a decision late Thursday evening, August 26, the U.S. Supreme Court blocked the CDC from enforcing a federal moratorium on evictions that was recently reinstated by the Biden Administration.

CNBC said called it a defeat for the Biden administration’s efforts to continue the eviction moratorium despite an earlier signal from the court that the government lacked the proper legal basis.

According to the The Wall Street Journal, in the unsigned opinion, the court’s conservative majority said the temporary eviction ban exceeded the CDC’s authority to combat communicable diseases, forcing landlords to bear the pandemic’s costs.

Read more at:

• National REIA's news site
• The Wall Street Journal (reposted on Realtor.com)
• CNBC
• CNN
• Fox News