13 12 kreia newsletter dec 2013 web

Vol 13-12

Monthly Newsletter for KREIA Members President’s Message Happy Holidays to all!!!

President’s Letter page 1

December Meeting ED Melton Award Home of the Innocents BIG ITEM AUCTIONS Comedian Tom Mabe!

5:30 Pre-Meeting

Wine & Cheese LOTS Program Happy Holidays!

Welcome New Members!

Page 7

Mentor Program Update

Many Thanks to all the KREIA members who participated in last month’s Saturday IRA Educational Seminar. Everyone learned a lot including me. I Dennis Erhard can’t remember a Saturday being more valuable in my last seven years as a KREIA member!

Our November/December Holiday meeting promises to be This Year’s Party to remember! Don’t forget last year’s Party SOLD OUT. Get your Tickets TODAY before it’s too late! Don’t Forget about the Xpress pay online, Get your Tickets now! The board has a full schedule planned. The Ed Melton Award will be presented to this year’s recipient. Ed was one of KREIA’s biggest advocates and spent countless time promoting and educating its members.

Next we have a short presentation from the Home of the Innocents. KREIA collects money all year long for this charity. This is combined with the money from the Holiday Auction. Give till it Hurts! The Kids get it ALL! Last but not least, Frank Miller went to great pains to reserve this years entertainment. This year KREIA PRESENTs: Tom Mabe, Comedian and prankster. Wow quality entertainment!! Get a sneak peak on KREIA.com. Don’t forget to buy your Ticket early.

Woodhaven says “Only the 1st 200 get in” Then the doors get locked.

That’s the way the fire marshal wants it.

See You There Your President, Dennis Erhard Quote of the Month: “If you don’t build your dream, someone else will hire you to help them build theirs.” Dhirubhai Ambani

Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

Your KREIA Leaders

President Dennis Erhard

Vice President Frank Miller

Secretary Treasurer Treasurer Elect Chris McCarty Mike Grinnan CPA Fred Helm

Board of Directors

Mike Butler

Tamara West

George Foree

Duffy Ford

Eric George

Dan Jones

Jean Hall

Aru Tarr

Mark Hass

Fred Butler

Rue McFarland

Wally Kallbreier

KREIA Newsletter published monthly and serves both as a newsletter and a reminder notice of your upcoming monthly meeting.

KREIA is a member only association focused on education, networking, and resources for today’s investor and to educate real estate investors from the basics to the complex. We are an excellent choice for all levels of investors. Whether you are just starting out in real estate investing, or are working on your hundredth deal, KREIA can help you learn more, earn more, and have more fun doing it.

To Subscribe to the KREIA Newsletter is simple and easy. Go to KREIA.com and join the Kentuckiana Real Estate Investors Association.

Group Discounts are available.

To Advertise in the KREIA Newsletter To Advertise on KREIA.com To Sponsor A Monthly Meeting To Sponsor A LOTS Program Please contact News@KREIA.com

KREIA Sponsorships Diamond: Full Page Ad + Table + Pre-

Meeting Speaker Only $995 or $99 mo.

Gold: Half Page Ad + Table + PreMeeting Speaker Only $499

Silver: ¼ Page Ad Only $299 Parliamentarian Hank Schildknecht

Past President Connie Horsey

Your KREIA Leaders are involved and chair several committees to make KREIA happen every month for you and your fellow KREIA Members.

Get involved with KREIA. You can help with the monthly meetings, L.O.T.S. Program, this newsletter, Saturday Workshops, Government Affairs, Social, Annual Picnic, Marketing, the new KREIA website and more PLUS You Get EXTRA KREIA Points for everything you do!

Get phone and emails of all KREIA members with the new KREIA Online Member Directory.

Reach out and tell them they are doing a great job! (It makes them do more for KREIA!)

Business Card : Ad Only $149 Event Sponsor: Meeting, LOTS,

Saturday Seminars, and more!

-----------------------------------------------------

Place Your Ad Now at KREIA.com --------------------------------------------”KREIA Advertising is by far, hands down, the absolute best advertising dollar ever spent for Borders & Borders!”

Harry Borders, B&B Attorneys

Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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A SPECIAL PRESENTATION

THE ED MELTON AWARD The old timers in KREIA had the privilege to know Ed Melton, Sr. Ed was, without doubt, the greatest recruiter in the history of KREIA. Every person that Ed came in contact with regarding a real estate matter was told of the merits of the Kentuckiana Real Estate Investors Association and encouraged to join. Ed was an active member on the KREIA Board of Directors on which he served for many years. He was also a dedicated mentor to many novice investors and enjoyed passing on his experience and wisdom.

I had the privilege to work with Ed for many years as his attorney. It was a unique learning experience for me to close Ed’s contracts and observe first hand his methods of insuring a true win-win situation for all parties involved in each transaction.

After his death in 1998, the Board of Directors created an award to be given in his name. The board established the following criteria to be used in selecting each recipient:  Contribution to membership education;  Development of fellowship;  Active recruitment of KREIA members; and  Active participation in the real estate industry.

The following individuals have received this most coveted award.

1998--Mark Lechner 1999--Rue McFarland 2000--Chris McCarty 2001--Hank Schildknecht 2002--Chris Dischinger 2003--Rosetta Melton 2004--Joe Hampton 2005--Mike Butler

2006--Jim Gardner 2007--George Foree 2008--Alan Johnson 2009--Dick Vreeland 2010--Connie Horsey 2011--Noble Roberts 2012--Jay Long As you can see from reviewing the above named recipients of the award, each of them has been very active in KREIA and greatly contributed to its success.

On November 21, the prior recipients of the Ed Melton Award met for our annual reunion. The purpose of the gathering is to talk about the relationship that all of us has had with KREIA, remember and pay tribute to Ed Melton, and to select the person that will be honored this year.

Attached is a photograph that was taken of the dinner meeting that evening. As you can see, we as usual had a great turn out as 11 of the 15 prior recipients were in attendance.

I can assure you that each member of the selection committee has taken his or her mission very seriously in designating a deserving KREIA member to receive the award given in Ed’s memory. This will be the 16th year that the award has been presented. It is one of the highlights of the year, and we look forward to honoring this year’s recipient at the December meeting.

Henry Schildknecht, (502) 893-4494 phone (502) 893-4495 fax, hankatty@gmail.com

Past Ed Melton Award Recipients Gathered on Nov 21 to Select 2013 Recipient Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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GRAB YOUR ADMISSION TICKETS NOW! THIS WILL SELL OUT!... GUARANTEED! KREIA Presents Louisville’s Very Own…

Buy Your Tickets Now! www.KREIA.com Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Government Affairs Update

By Rue McFarland From Greater Louisville Association or Realtors November 1st, 2013

Shine on Shawnee project and submit an application at a “Home Repair Showcase” offered on three dates at Northwest Neighborhood Place (at Shawnee High School), 4018 W. Market St. • Nov. 1, 9 a.m. – 11 a.m.

Louisville Metro Government

• Nov. 6, 1 p.m. – 3 p.m.

1. The Louisville Metro Council continues to review the Land Development Code revisions brought to them by the Land Development Code Taskforce. GLAR is actively participating in the various subcommittees dealing with design review process, fair and affordable housing and others. The first set of proposed revisions has been passed by the Metro Council. The second set of proposed revisions is still being finalized by the full committee and will continue throughout the fall. GLAR continues to actively participate and follow these revisions. This process will continue throughout the year. Currently, the Fair and Affordable Housing Subcommittee is presenting its recommendations to the taskforce and the next meeting of the Taskforce is tomorrow at Metro Development Center.

• Nov. 12, 5 p.m. – 7 p.m.

2. To strengthen the neighborhood, keep people in their homes and reduce vacant properties, Mayor Greg Fischer joined community leaders to announce the start of a project to renovate homes and revitalize key areas of Louisville’s historic Shawnee neighborhood. Up to 115 homes over five years will receive renovations focusing on exterior repairs, resolving health and safety code violations, and removing lead paint. The project – called “Shine on Shawnee” -- will largely be funded by $2 million in federal Community Development Block Grant funds that were approved as part of the Shawnee Neighborhood Revitalization Strategy Area (NRSA).

“This is an exciting opportunity to make a dramatic impact in one of our most beloved and historic neighborhoods by strengthening entire blocks – keeping people in their homes, raising property values and preventing vacant and abandoned properties,” Fischer said.

The city’s Department of Community Services and Revitalization (CSR) is the lead agency in the work. CSR's Residential Repair Team will oversee the home rehabilitation work including improvements such as repair or replacement of windows, front and back entry doors, concrete, roofs, paint, vinyl siding, stairs, shutters, security windows and doors, and gutters, in addition to lead abatement and resolving property code violations. The department will work with local construction companies for repair and rehabilitation work, helping to create and preserve local jobs. To maximize the impact of the improvements and to help spur private investment, the city will look for clusters of homes needing work along major corridors such as Northwestern and Southwestern parkways, and Broadway, Market and Muhammad Ali. The city will also invest about $100,000 to help spur economic development and assist business owners in the Shawnee neighborhood through a microbusiness program that will work directly with residents and owners who are starting or expanding a business. Shawnee residents can learn more about the

Staff will also be present to provide information to potential project contractors and subcontractors about the city’s bidding and approval process. To learn more about the Shawnee NRSA and other revitalization efforts in Louisville neighborhoods, visit Community Services and Revitalization’s website at www.louisvilleky.gov/csr

or call 502/574-4377.

3. Councilman James Peden on Thursday Oct 10th introduced an ordinance that would require the Planning Commission and staff to review the appropriate zoning for several types of commercial uses. These commercial land uses include pawn shops, plasma centers, package liquor stores, check cashing businesses, and others. This review by the Planning Commission is to look at whether under the current code these types of commercial businesses are being located in proper zoning districts. Currently, the ordinance is in the Ad Hoc Committee on the Land Development Code and will be discussed on Monday, Nov 4th in committee. To review the ordinance, please see the following link: http://agendas.louisvilleky.gov/SIREPub/cache/2/x34lujczv p2fpka05e020ztn/811613101420130827305.PDF 4. Saying he believes that Louisville Water Company can find efficiencies and cut costs, Louisville Metro Mayor Greg Fischer asked the utility to reduce its planned rate increase.

The Board of Water Works has been considering raising customer bills by up to 5 percent for the upcoming year, which starts January 1.

“My message to the Water Company consistently has been not to rely on automatic price increases to make its budget balance,” Fisher said. “The Water Co and its board have a great record of quality and performance and I’m confident they can find further savings.”

Fischer said he understands the need to increase water bills, in part due to lower water usage in the city, but rate increases should be kept at a minimum. He believes that can be achieved while also paying city government its annual dividend. The citizens of Louisville own 100 percent of the water company and the board, appointed by the Mayor, meets in November to consider the increase.

“I’m asking the board to limit the increase to less than 4 percent,” Fischer said. “I am confident the leadership team can find ways to cuts costs and become more efficient.”

Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Thank YOU! Kreia presented a check to Home of the Innocents for over $15,000 from the 50/50 sales, auction, and donations. Did you know there is a wing at Home of the Innocents named in honor of the Kentuckiana Real Estate Investors Associations.

KREIA has donated over$150,000 to Home of the Innocents!

Be sure to visit“KREIA Hall” the next time you are there.

About Home of the Innocents Louisville’s own Home of the Innocents, a private, nonprofit agency that has been in operation for 130 years, served over 3,900 children last year. The Home provides services to assist those who are facing severe crisis, including: Residential and community-based services to children who have been abused, abandoned, or neglected. These services include short or long-term residential care, a home for pregnant and parenting teens, crisis shelter services, and therapeutic loving foster care services.

The Home operates a hospital-like and home away from home environment for medically fragile children, children who are dependent on technology to sustain life, as well as children who are terminally ill. The Kosair Charities Pediatric Convalescent Center gives each child personalized care with an expert team of doctors, nurses, and therapists. Each child receives on-site educational opportunities and takes part in fun activities such as swimming, art projects, and community outings.

In-home and in-school support services are provided for children with autism. Children with autism and their families struggle with very little help and often few resources. The Home provides these families with a widerange of services and effective treatment with lower overall costs.

Although the children we serve require various levels of care, they are children first and residents or patients second. The Home has helped thousands of children, and hundreds receive care on any given day. For many of these children, the Home is where hope begins.

The Home’s donors are happy to know that 87 cents of every donation dollar goes directly to helping the kids.

For More Information visit their website at:

December 12, KREIA Meeting

By Rick Wardlow Auctions

Auction Items 1. Luxury Gatlinburg Condo Weekend donated by Mark Hass

2. Installed Garage Door Opener – donated by Cunningham Overhead Doors

3.

3 Day Investor Boot Camp

“How To Buy Houses WITHOUT Money, Banks, Credit, Private Lenders or Partners!”

– donated by Mike Butler Plus 2 More Investor Training Bring Your Checkbook, Cash, Credit Cards and help make 2013 donation to Home of the Innocents the biggest ever!

http://www.HomeOfTheInnocents.org

Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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NOV 21 SATURDAY IRA SEMINAR AT WILDWOOD COUNTRY CLUB

George Foree 

Serves on KREIA’s Board of Directors



2007 Ed Melton Award Recipient



Chairman Membership Committee

George Foree is a “fly under the radar” behind the scenes powerhouse for KREIA. George is a long time member of KREIA dating back to the previous century.

5 Star Tuxedo Service for Attendees

George has and still does volunteer at every monthly meeting by working the door, the membership table answering questions of members and encouraging guests to join.

You can also find George at every KREIA Event including Saturday workshops at Wildwood.

George is not a very outspoken person, but he is constantly promoting and inviting guests to join KREA. When a TV Star guru comes to town with a half day workshop at a hotel, George is there passing out KREIA Cards.

George attends almost every Metro Government meeting involved in our local real estate market including the Mayor’s special committee on vacant and abandoned properties.

George Foree retired from General Electric and enjoys volunteering many hours helping the Fuller Center.

Dan Jones, Hank Schildknecht, & Fred Butler working Turkey Holiday to create KREIA’s Mentor Program

The next time you see him, ask him about and you will see his passion. George Foree is a great mentor to many KREIA Members

Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Welcome to KREIA’s New Members!

Quinn Nockerts Joseph Hotka Anita Commodore

Walt Douglas Aarica Ovide

Rick Wardlow, Joe Gribbins, Allee Harmon, Bill Dollinger, Frank Miller Call 502-489-5515

http://wardlowauc.com Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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PO Box 91225 Louisville, KY 40291 Return Service Requested

.com

KREIA’s Monthly Meeting!

Thursday Dec 12th

HOLIDAY PARTY!    

WINE & CHEESE ED MELTON AWARD BIG ITEM AUCTIONS COMEDIAN “TOM MABE”