March 2021 Full Meeting Replay: The Guide to Wholesaling in 2021

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March main meeting with Vena Jones-CoxEveryone knows that wholesaling is the quickest and easiest way to put cash in your pocket in the real estate business.

The problem is, most people don't actually understand what it really takes to do wholesale deals in today's seller's market.

Vena Jones-Cox does, because she wholesales a deal about every 12 days, and she's been doing it for over 2 decades in hot markets and cold. She shared her in-the-trenches experience with us at our March 25th main meeting, showing us how to put $10k in our pockets in 30 days.

She talked about how wholesaling works today — it's a very different business from what it was even a year ago — and what you need to do to get started right now. She also described which properties in which areas make for the most profitable, easiest-to-sell wholesale deals, and which you should avoid because they're huge time-wasters.

In the early meeting, attorney Chris Wakild taught us about how the tax lien investing process works in Kentucky.

In all you'll find over 4 hours of real estate instruction, real estate talk and Q&A. Watch this members-only video. (You'll need to be logged in as an active KREIA member to see it.)



National REIA's Video Conference Call from April 16, 2020

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

In this Zoom call, NREIA gave an industry update and hosted a panel on house rehabbing, which was moderated by Ryan Kuhlman, National REIA President.

Plus, National REIA has posted the meeting's slide deck and Zoom chat as PDF files available for download.

You can catch up with NREIA's past Zoom calls on its YouTube channel.


L.O.T.S.: Frank Miller hosts in Fern Creek

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L.O.T.S. with Frank MillerKREIA Past President Frank Miller leads us on a tour of a Fern Creek foreclosure condo he rehabbed for $40k profit. He shows us a "before rehab" video, shares his rehab numbers, and answers questions about his contractors and finishes.

MM Lending's Wendy Kays anchors the Zoom call, and MM Lending's Mike Fallot facilitates from the site.

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



Julia King Offers Tips on Boosting Your Credit

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Lunch and Learn with Julia KingDo you need to raise your credit scores by a few points to qualify for a loan? Or would you like to help your tenant buyers boost their credit so they can get a bank loan and purchase your house?

Check out the video replay from February 9th's Lunch & Learn. Julia King, CEO of King Financial Repair, a KREIA sponsor, conducted a quick class on credit and answered questions from the audience.

KREIA members logged into their account can click here to watch Julia's presentation now.


Louisville Property Managers Show How to Work With Section 8

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Watch our workshop video replayThe March 1st deadline has come and gone, and now all the pieces of the Metro Council's new protected class ordinance are in effect. Source of income, including Section 8 vouchers, must be considered for all potential residents who apply to live in your Jefferson County properties.

Louisville landlords can no longer say, "We do not accept Section 8." Have you scoured your website and all your online marketing to reflect that? If not if language remains stating that you do not accept Section 8 — you could be cited, and it could get expensive.

For tips on how to survive — even thrive — under Section 8, be sure to watch the video replay of KREIA's Feb. 27 workshop. Attorney Michelle Rawn and KREIA board member Stacey Duvall interviewed five property managers who have had years of success working with Section 8:

  • Chrystal Stoudemire from LREI
  • Justin Leanhart from LREI
  • Ashley Combs with Ramey and Asso
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February 2021 Full Meeting Replay: Tax Fundamentals & Updates

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Illustration by Nina MusgraveIn our Feb. 25 KREIA meeting, CPA Mike Grinnan fills us in on what's new and changed this filing season in the wake of COVID-19. He also lays out REI tax fundamentals for new investors. If you missed this main meeting or want another chance to take notes, watch the members-only video replay!

In the early meeting segment, longtime landlords Greg and Cindy Shell talk about how to successfully appeal your rental property's PVA tax valuation. If you think your assessment is too high and that you're paying too much property tax, you need to catch their presentation!

In all you'll find about 4 hours of real estate instruction, real estate talk and open-mic Q&A. Watch this members-only video. (You'll need to be logged in as an active KREIA member to see it.)


Eviction Article Paints Louisville Landlords in a Harsh Light

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Landlords come out looking pretty bad in a Feb. 21 Courier-Journal article that describes a family facing eviction. Read the article online, "The eviction crisis is here: Loopholes let landlords force renters from their homes," for the full story if you don't have a copy of that edition of the paper.

It is always sad when a family loses their home. For most KREIA landlords, eviction is a last resort after many months spent trying to work with residents.

This article should be a wake-up call to better communicate with your residents and to document the many ways you try to help them.

At this writing the article is available to Courier-Journal subscribers only.

A companion article talks about the $22.9 million Louisville has received from the federal Emergency Rental Assistance Program and how your residents can tap into it.


National REIA's Video Conference Call from February 19, 2020

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

In this Zoom call, NREIA invited Robert Peccola of the Institute for Justice to talk about legislative updates. And Dave Pickron of Rent Perfect spoke about benefits updates.

NREIA didn't have time to finish their market update and so provided access to their slideshow, giving perspective on year-over-year changes in our industry related to COVID-19. And you can catch up with NREIA's past Zoom calls on their YouTube channel.