"KREIA is the only organization I know of – and I've been around the world eight times – and I have never, in my life, seen a group of people work so hard to try to make you a millionaire. I’m not kidding you."

Ed Gibson was speaking from experience here, and he believes in paying it forward!

Ed is a longtime KREIA member, a past board member, a past Lunch & Learn host, and a patent-holding engineer. He’s married and has four children and six grandchildren.

He is also one of KREIA's biggest cheerleaders, and he credits his investing success to our group. He’s not a typical real estate investor – he divides his energies between the stock market and real estate, and he makes a great case for why he doesn't like to put all his eggs in one basket.

His take on the synergy of two-prong investing is fascinating, and I sat down with him a couple of months ago to pick his brain – coming away with almost 6,000 words of pure gold.

There wasn't room to fit the full interview in print and, trust me, you’ll want to read the whole thing. In the full transcript Ed talks about how he rehabs houses, he shares his investing strategy, gives specific recommendations, gives shoutouts to his many mentors, and offers solid advice.

If you're a KREIA member currently logged into your account, you can read the full interview here.

-- Lauren Willoughby

National REIA's Legislative Update for the first quarter of 2024 takes a look at a recent Harvard study that "has determined that rental markets are cooling after overheating for the last couple years. That the price increases have made more housing unaffordable, since wages didn’t go up as quickly. Which also means more people are being made homeless or in need of more rental assistance. Also, water is wet."

Click to download the update or read it online.

Other items in the Legislative Update include an overview of the housing market, property tax abatement, and water heater rules.

In the Benefits Update portion of this bulletin, National REIA takes a look at Home Depot. We at KREIA, along with National REIA, want to ensure you are taking advantage of your Home Depot Pro Xtra savings and rebates! Active rehabbers in our group have received thousands back from Home Depot! It's paid for their KREIA memberships many times over. Not only do you receive a 2% biannual rebate and volume pricing from Home Depot, but you also get 20% savings on interior paints, exterior paints, primers and stains. Read the update for more info!

There's also a look at REIAssure and its SES Master Policy for Small Multifamily Dwellings and SES Landlord Insurance Program. "The SES Master Policy for Small Multifamily Dwellings safeguards your entire residential portfolio under one policy. It’s custom built to protect investors with portfolios comprised of residential rental prop ... Read More…

Pat Mulloy, Louisville's Deputy Mayor for Economic Development, addressed real estate investors at KREIA's Sept. 28, 2023, main meeting. He described Mayor Greenbergs My Louisville Home plan, which is designed to add 15,000 affordable housing units to the city.

Investors, are you ready to help meet the challenge?

What's happening with real estate on the national level that real estate investors should be tuned into? Check out the Legislative Update from National REIA, which notes that insurance costs have been rising around the country, especially in areas prone to hurricanes and flooding. (Recommendation: Consider increasing your deductible.)

Click to download the update or read it online.

Also in this issue you'll read about a trend in rent stabilization; HUD's $85 million fund to revamp zoning and expand housing; and a closer look at RentPerfect's iOS and Android apps, which help you screen applicants while on the go.

Your KREIA membership comes with many benefits as part of our association with National REIA. Rebates, volume pricing and savings from Home Depot are just a few of these benefits. Make sure you're taking full advantage of this partnership!

 Click to download the update or read it online.

This update also encourages investors to pursue out-of-the-box thinking. The Legislative Update outlines five key principles of President Biden's "Renter's Bill of Rights": 

• Safe, quality, accessible and affordable housing
• Clear and fair leases
• Education, enforcement, and enhancement of renter rights
• The right to organize
• Eviction prevention, diversion, and relief

The most recent Download Amnesty Day window happened Monday, May 15th

Did you pay for an online, Zoom-based Saturday workshop a while back, but when you went to download your documents and video replay later from the event page, you found them missing?

Fear not! The files from these KREIA/RMG (Real Estate Mastermind Group) workshops aren't really missing — they've just been packed in cold storage by our web host, who makes a 6-month sweep to save space. The host does allow us to "revive" resources older than 6 months for a 24-hour window.

And we do that occasionally in what are called “Download Amnesty Days.” Watch your email for announcements on when they happen.

But if you’ve discovered you’re missing a workshop and would like us to bump up our schedule on holding an “amnesty day,” please let us know by sending email to support@kreia.com

When we announce an amnesty day, we’re opening up that 24-hour window, and we’ll let you know when it closes.

How to Fetch Your Workshop Documents & Video

Log into your account at kreia.com during the amnesty window, go to the event pages for those workshops you purchased, scroll down to the bottom of the pages, and click the download links to claim your documents and replay.

How do you find those event pages if you don't have links at hand? There are two easy ways to do that:

1. Call up the event page by clicking the Calendar Link on the main menu:

Go back in time, mo ... Read More…

National REIA's Legislative Update for the first quarter of 2023 takes a look at the Renter's Bill of Rights. "The roll out is just the beginning of a push by low-income housing advocates to nationalize housing through the regulatory process. The effort puts forth five principles that are guiding this federal takeover...."

Click to download the update or read it online.

In the Benefits Update portion of this bulletin, National REIA takes a look at Millennial Specialty Insurance (formerly Arcana), which offers "unique, intelligently designed insurance coverage for today’s real estate investors."

Also get an update on your benefits from National REIA by being a member of KREIA.

All of our 2022 KREIA main meetings are available for you to watch online on our Members-Only Videos page. ALSO, you'll find video from all the L.O.T.S. (Learning On The Site), Lunch & Learn and Tool Tip events from the year.

That's more than 50 hours of real estate education you can only get from KREIA! Here are just some of the highlights...

• How do BRRRR deals work? Dennis Erhard walks us through the math in his Lunch & Learn.
• Does the changing market mean short sales are coming back? Get tips from short sales, foreclosure and auction experts.
• What are 1031 Exchanges, and how can they accelerate your portfolio's growth? Find out from Joe Hampton, Harry Borders & Eric Shadowens.
• What kinds of real estate investments can you make in your IRA? Find out in Chris McCarty's Lunch & Learn.
• Can you BRRRR your way into profitable Airbnb deals? Yes, you can! Brett Grigsby tells us how he did it in his L.O.T.S. event.
• Want advice on Section 8 from someone who makes it work smoothly for him? Check out Marcus Britton's Lunch & Learn.
• How do you make an Airbnb short-term rental stand out? Find out from Rob Bergeron.
• Louisville Building Inspector Amanda Jessee talks about how best to work with city government and code enforcement.
• Want free probate leads? Tamara West walks you through the County Clerk's website and shows you how to mine it.
• Want to hear how one investor used her IRA to make $40k profit on a flip? Mary Conrad walks us through ... Read More…

Back in February, KREIA held an evening and full day of workshops at cabins on Taylorsville Lake. It was a 14-hour deep dive into many aspects of investing, featuring more than a dozen local pro investors. Watch now to take in these 11 classes. (You need to be signed into the site as an active member to gain access.)

Investors at every level will gain something by watching. And if you're a brand new investor? You really need to watch! Not only will you get some fundamental information, but you'll also hear the local angle you'll only find through KREIA.

• KREIA Past President and Landlording on Autopilot author Mike Butler kicked off the event on Friday evening, Feb. 25th. He polled the crowd for the questions they wanted answered most, then proceeded to answer them. "How do I analyze buy & hold deals?" "How do I find them?" "How do I transition into full-time investing?" And more.

• First out of the gate on Saturday morning in the pool house was attorney Harry Borders, from Borders & Borders, who talked about how land trusts, LLCs and insurance work together to provide privacy and protection for your properties.

• Over in the cabin, investing brothers Andrew and Aaron Schlag talked about how they use creative financing — including no-money-down owner financing and subject-to strategies — to buy and sell on lease option.

• Next, an all-star panel of expert investors gathered in the pool house to answer investors' questions, fr ... Read More…

National REIA's Legislative Update for the fourth quarter of 2022 takes a look at the Midterm Elections, Federally Mandated 30-Day notice, manufactured housing and Orange County, Florida's, rent control appeal. Click to download the update or read it online.

In the Benefits Update portion of this bulletin, National REIA takes a look at affiliates FedEx Advantage Program (as part of National REIA's Partner Ship), Home Depot (with ProXtra savings), and OdorXit.

By enrolling in their FedEx Advantage program, NREIA members can save big on FedEx Express and FedEx Ground without sacrificing confidence, consistency, or customer support. After enrolling, they’ll analyze the pricing on your FedEx account and if your current discounts are better, they'll let you know, and you can stay on that pricing, You'll get up to 45% savings on Express service and 25% on Ground and Home.

As a member of National REIA, you are entitled to take up to 20% off interior and exterior paints, primers and stains (Behr, Kilz, PPG & Zinsser) at The Home Depot. Simply use your primary Pro Xtra phone number during checkout to take advantage of this offer. Please note, before making your first paint purchase, you will need to send an email to HomeDepot@nationalreia.org to make sure your account is set up properly and that you are escalated to Gold Status to get your 20% Paint Discount.

If you’ve ever flipped a house or bought & sold prope ... Read More…