L.O.T.S.: Steve Craven hosts in St. Dennis

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Steve Craven's L.O.T.S. eventKREIA member Steve Craven takes us on a tour of his house off Dixie Highway in the St. Dennis neighborhood. This is not a rehab — it's a new build from the ground up. And you'll be amazed by Steve's all-in cost.

MM Lending's Mike Fallot anchors the Zoom call, and KREIA board member Alexis Fentress facilitates from the site.

Looking for inspiration for your next fix-and-flip project? Or want to try a new build project of your own? Watch this members-only video.


January 2021 Full Meeting Replay: Road Map to Real Estate Wealth

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Illustration by Nina MusgraveAre you meeting your goals and benchmarks in your real estate investing plan? Still need to finalize your strategies? Or maybe you need to create that plan in the first place? Check out the replay of this month's virtual meeting.

The goal of our January main meeting was to help you take stock, refine your plan, and set goals for reaching financial freedom. Whether you’re new to real estate or have been around the block a few times, you'll gain insight from this meeting.

January's speakers were Erik Hitzelberger, Mike Fallot and Harry Borders. We also invited a panel of four relatively new investors who have gained success in a few short years.

And in our early meeting, Rebecka Taasaas from America's Choice Security talked about ways to discourage burglars from targeting your home. She also shared a PDF document full of tips and resources — watch the video to find out how to download it.

In all there is 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 a KREIA member to see it.)


Michelle Rawn Explains the New Protected Class Ordinance

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Michelle Rawn's New Protected Classes video replayOn a January 21st Zoom call, attorney Michelle Rawn described the four new protected classes covered in Louisville Metro Council's Ordinance No. 146, which goes into full effect on March 1, 2021.

 If you're a landlord or property manager — or you work in any aspect of real estate where you're buying and selling property in Jefferson County — you need to hear Michelle's breakdown of the ordinance.

In her online workshop, Michelle explained the ordinance in detail, giving area investors a thorough understanding of potential tenants now under the umbrella of the new protected classes: homeless people, those currently in the military or who have been, people with felony convictions, and people who seek to qualify using various sources of income (including Section 8). Michelle spent more than an hour answering questions and clarifying points for investors.

KREIA members who are logged into their accounts can click here to watch the video replay.


Ed Gibson shares investing knowledge at Lunch & Learn

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Normally Ed Gibson acts as host of our Lunch & Learn events, bringing in other experienced investors and experts to educate KREIA members on an aspect of the real estate business. On January 12, Ed stepped behind the microphone and talked about his own experience as a longtime investor.

From flipping to wholesaling to buying and holding, Ed has done it all, and he's been doing it for decades. For about an hour, Ed answered questions and talked about how he has reached success as an investor.

He described strategies new investors can use starting out in today's market. He explained how his rent multiplier of 1.75 kept the banks from calling loans due on his rentals back in 2008. He talked about ways to negotiate with HOAs that don't like rentals in the neighborhood.

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


How to Log on to KREIA's Zoom Calls and Workshops

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We use Zoom's conferencing software to host our workshops and livestreamed meetings.

Follow these instructions to attend our virtual meetings on Zoom.

IMPORTANT THING #1: You must have previously registered for the virtual event at kreia.com.

IMPORTANT THING #2: You need to know your Zoom password in order to be able to log in to our Zoom meetings. If you have forgotten your Zoom password, please go to https://zoom.us/ and reset it. If you don't have a free Zoom account already, please go to https://zoom.us/ and create one. (Click the "Sign Up, It's Free" button. And remember the password!)

You'll also probably need the free Zoom client software if you haven't already installed it. (If you've been on a Zoom call before, you probably already have it installed.) To download the software, click the Resources link at the top of the Zoom page (https://zoom.us/) and select the "Download Zoom Client" option. It's free and fast to install. Or install it via the app store on your mobile device.

With your Zoom password ready, and having pre-registered for the event, here is how to log into a KREIA Zoo
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KREIA Member Jacqueline Smith Featured on BiggerPockets Real Estate Rookie Podcast

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Back in December KREIA member Jacqueline Smith was invited to appear on BiggerPocket's new Real Estate Rookie Podcast, Show No. 43. Check out the interview!

You'll recognize Jacqueline from her L.O.T.S. house tour on Sept. 29. (KREIA members who are logged in can watch that L.O.T.S. video replay here.) You might have also seen her as a featured guest on one of Rob Bergeron's "See You at Noon" Zoom calls. (Watch Rob's replay on YouTube.)

And you'll see her again this month on a KREIA Zoom call — Jacqueline is one of the panelists taking part in our "Road Map to Real Estate Wealth" main meeting and Saturday Workshop. She'll be talking about her experiences getting started as a rehabber.


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, 2020, 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.