Don't Pay Up — Trade Up!

Illustration by Nina MusgraveWhat's your plan when you sell one of your rental properties? Is it to come up with cash to buy another rental property? If so ... stop. Stop now! And register for KREIA's Aug. 25th main meeting. Sign up for either the...

     LIVE, in-person event at Woodhaven
          or for the
    VIRTUAL livestream via Zoom

When you sell a property, you have to pay taxes on the gain. Wouldn't you rather NOT have to pay thousands of dollars in taxes? Wouldn't you rather apply the full value of your present rental property to the one you're planning to acquire?

You can do that with what's called a 1031 Exchange, which is a way of "trading up" in properties while deferring taxes.

There are many rules to follow in doing a 1031 Exchange, and a time window to get it accomplished, but it's a tool many investors use to accelerate building their portfolios.

Want to learn more? Attend KREIA's August 25th main meeting! You'll hear from a panel of 1031 Exchange experts.

Attorney Harry Borders helps shepherd his clients through the process of the 1031 Exchange. KREIA Past President Joe Hampton (1989-1991) is a Realtor who makes 1031 Exchanges his specialty -- and besides having done a ton of them himself, he facilitates them for other investors. CPA Eric Shadowens knows the numbers and how the gears turn in doing a 1031 Exchange. They'll tell you what they know at the meeting and answer your questions.

Acting as moderator will be paralegal Renee Buster, who is Harry Borders' boots on the ground.

Early Meeting: John Walton of Express Cabinet Store will talk about his selection of cabinets and answer your questions.

Meeting Agenda

5 p.m. – Doors open at Woodhaven
5:30 p.m. – Early Meeting with John Walton of Express Cabinet Store begins in the conference room
6 p.m. – Member Orientation with Jordan Pohn begins in the conference room
6:15 p.m. – The buffet line opens! Also, at the microphone, there will be announcements, property pitches and sponsor pitches
7 p.m. – 1031 Exchange experts take the floor for our feature presentation

Workshop: Creating a Time-Wealthy Advantage

Mark DolfiniMark Dolfini returns to Louisville to give us a deeper dive! Get more info on how to build your team, create systems, and use your time more wisely. Come to his two-day workshop, August 27 & 28. Register now!

Everyone knows the BRRRR Method can be an effective tool for building a portfolio. But have you heard about the “VIP Method”? 

It picks up where the BRRRR Method leaves off as it focuses on building a business as well as a life. A life that is not a slave to the business, a life that is not defined by income generation.

Is your personal life suffering because you’re feeling stuck in your business?

Mark Dolfini, aka “The Landlord Coach,” is going to show us how the VIP Method took his work week from 60+ hours to under 10.

Here are the key points of what you’ll learn at the workshop:

  • Use The VIP Method (Vision-Infrastructure-Process) to create a business that delivers your ideal Life (no matter what business you’re in)
  • Learn the 4 Critical Functions of ANY business. Stop trying to do EVERYTHING and do the things that are most suited to YOUR skill set
  • Learn how to attract people to your business with marketing that speaks directly to them, no matter what your product or service
  • Identify the Self-Sabotaging Behaviors that hold you back from success such as: Procrastinating, Hiding, Rescuing others, Starting Things and Not Finishing Things, or Chasing too many Rabbits
  • Plus some really cool giveaways during the presentation!

Meet Mark Dolfini

Mark Dolfini is a veteran of the U.S. Marines and the author of three books. Most notably, The Judge: A Landlord’s Tale, which released in the summer of 2018 and his much-anticipated third book, The Time-Wealthy Investor 2.0, which was released in January, 2019.

The Time-Wealthy Investor 2.0 teaches the exclusive VIP Method of how to create a real estate business focused on Life-Output. It became a #1 Amazon Bestseller in March of 2019.

Mark performs one-to-one coaching for his clients in addition to running a Mastermind to help foster community and accountability for small- and medium-sized business owners who often feel stuck in operations. 

Although Mark operates under the Landlord Coach brand, many business owners have found Mark’s approach to coaching using the VIP Method and his extensive background in accounting and commercial lending translates well across all industries. From buy-and-hold investors to roofers, gym owners and CFOs, his clients span many industries and have benefited greatly from his knowledge and coaching using the VIP Method.

Mark spends his free time pistol shooting and kayaking and lives in Lafayette, Indiana, where he and his wife, Jennifer, are raising their two sons, Leland and Logan, with baby Liliana due in October.

REGISTER HERE FOR THE WORKSHOP


A Policy to Cover Tenant-Caused Damage

Paul KaliadesAre you a landlord looking to mitigate the costs of tenant-caused damage to your property? Check out KREIA's Early Meeting from April 28th.

Paul Kaliades from Renters Legal Liability spoke at the Early Meeting and gave us permission to post the replay over on Facebook.

And if you're interested in joining the aggregate group, contact Greg Nalley of Nelson Insurance Group, 502-708-3194. 

Watch the replay here!


National REIA Now 2nd Quarter Bulletin for 2022

National REIA Now Q2 bulletinNational 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


Looking for more KREIA features? Check out the News & Updates blog

 

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