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 7-22 July 2022 President’s Letter
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Main Meeting: How to be a time- 3 wealthy investor, with Mark Dolfini Welcome, New Members!
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Mike Butler: ‘How many rentals do you need to retire early?’
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Eric Shadowens: CPA discusses 8 vacation homes, STRs & taxes National REIA News Briefs
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Government Affairs Links
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Nina Musgrave: Numbers from GLAR show market is shifting
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John Mays: ‘I GOT ROBBED!’
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KREIA Photos
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L.O.T.S. Recap: Connor family rehabs to hold for Section 8
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Investor Origins: Jacob Hunter
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KREIA Election Results
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Calendar of Events
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Dear KREIA Members and Friends, First, I’d like to congratulate the Board Members who were elected at last month’s meeting. I’d also like to thank those who ran but weren’t elected. KREIA is an active organization, and it is inspiring to see so many people willing to volunteer their time and talents to help us grow. To that end, I’ll shamelessly mention that you don’t have to be a Board Member to serve. Erik Hitzelberger We need people to handle technology issues, to help at the door, to be ambassadors for KREIA and to do whatever it is that your talents allow you to do for the benefit of KREIA. If you have the desire, please reach out. Second, I want to remind everyone that our successes often lie just on the other side of our fears. When we allow ourselves to make excuses rather than face into tough situations, we deny ourselves the ability to grow and to be the people we are supposed to be. Consequently, we also reduce the impact we will have on those around us. There are reasons to be cautious with our investments right now. Inflation, volatility, and market uncertainty come to mind immediately. None rise to the level of an excuse to throw in the proverbial towel. Do not let your fears keep you from pursuing your dreams. In fact, this is the time when good investors are needed most. Buyers, sellers and residents will also face challenges they have not had to deal with in quite some time. You have the ability to step up and solve those problems. Ultimately, this is how and why we get paid.
“You can have everything you want in life if you will just help enough people get what they want.”
Knowledge is often the antidote to fear. Understanding the what and the why behind the current events, as well – Zig Ziglar as the possible outcomes, reduces the circumstances to something manageable. If you find yourself stuck, figure out what piece of knowledge you need to get restarted. Is it deeper understanding of a strategy? Is it a broad sense of Continued on Page 28
Copyright MMXXII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 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.