Everyone 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.)

Real estate attorney Michelle Rawn has notified us that on Thursday, April 22, Louisville's Metro Council passed an ordinance designed to help families facing eviction.

If the tenants have children, the ordinance allows them to be provided with legal assistance in eviction court. Read a PDF copy of the ordinance. Also, check out news articles from WDRB and The Courier-Journal.

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.

KREIA 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.

If screening tenants is something you could use help with, look into Rent Perfect.

This is how it works. The company, a National REIA affiliate, sends a potential tenant an online application he or she can fill out using a phone, tablet or computer. Then you are given access to a report that shows you these things about your prospect:

• Criminal record (if any)
• Past evictions (if any)
• Credit history
• Government watchlist info
• Sex offender registry info

All you have to do kick off this process is send Rent Perfect the prospect's email address. (Rent Perfect keeps the $35 application fee.)

Besides the immediate report you receive, you'll also get the benefit of Rent Perfect's private investigators looking into realtime data for jurisdictions that don't show up on instant reports.

If you'd like to take your relationship with Rent Perfect further, you can also let the company shoulder more of the process for you: sending prospects a state-specific lease that can be signed electronically, collecting rent payments over the Internet, and helping you get
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Do 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.

The 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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In 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.)

Arcana Insurance Services, LP, a National REIA affiliate, bills itself as offering unique coverage on property & liability insurance to landlords, property managers and house flippers.

Arcana covers rentals and rehabs, and occupied properties as well as vacant ones, with "no photos or inspections required to issue coverage." You pay only for the days a policy is in force.

Property limits are up to $1 million (additional limits available). Packaged coverage is available for windstorms, fire, vandalism and flooding. And the flooding coverage is for all flood zones.

You can "quote it, bind it, and print it right from your desk top," says Arcana, which also keeps things digital by offering electronic billing and payment plans and giving clients online status reports for their policies.

Do you require your tenants to have a renter's policy? Arcana's renters program offers packaged coverage for direct physical damage to personal property (broad form) and tenant liability. Tenants may enjoy knowing that it covers their personal property no matter where in the world they're using it, and it also covers guest
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Rob Bergeron interviews longtime real estate investor Erik Hitzelberger, who's the principal in Freedom Property Group, a turnkey rental company. They discuss "Why We Love the Louisville Market," the current inventory shortage, and also address this question: "Should I buy when real estate is high?"