Providing Education, Resources & Networking Since 1978 Kentucky’s premier investment club for landlords, rehabbers and wholesalers Meeting the 4th Thursday of every month (except November & December) KREIA.COM • facebook.com/groups/kreiaky • twitter.com/reiaky
Monthly Newsletter for KREIA Members
Vol 5-22 May 2022 President’s Letter
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Main Meeting: Property Management and Applicant Scorecard
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Welcome, New Members!
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John Mays: 15 questions to ask yourself in uncertain economic times
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In the most-viewed TED Talk of all time, Tony Robbins sums up centuries of psychological study with the following assessment. Humans have six basic needs. These are: 1. Security – generally financial 2. Variability 3. Significance 4. Love and Connection 5. Growth 6. Contribution
Erik Hitzelberger
He goes on to point out that the last two are needs of the soul. Mike Butler: ‘NOW Is the Time to 6 Take Action!’ Michelle Rawn: KREIA’s Election 10 Schedule Government Affairs Links
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KREIA Photos
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L.O.T.S. Recap: Josh Hardy flips 19 in Barbourmeade National REIA News Briefs
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Ian Hooper: Requested donations 28 for the Home of the Innocents Calendar of Events
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This last part is important, because there are two ways to make money in real estate (or anything else). The first is through Creation. As investors you have the opportunity to solve problems for sellers, to create win-win scenarios for other investors, to provide good homes to good people, and to generally elevate others. The second way is through Destruction. You can choose to manipulate distressed sellers, to mislead or disparage other investors, and to take advantage of residents. Both ways can create security and significance. After all, money is money, and holding a gun to someone’s head does make you significant. HOWEVER, you cannot achieve those two great needs of the soul via the Destructive process. I say all of this because fear, volatility and uncertainty are rampant right now. Inflation is up, the S&P 500 is down, Crytpo is down, interest rates are climbing quickly, and talk of recession is more and more frequent. In February, I wrote of four possible outcomes to the issues facing the financial markets and the resultant Fed actions. Today, we are somewhere between the “Yikes” and “Holy S***!” scenarios and are headed in the wrong direction. Continued on Page 28
Copyright MMXXII 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.