14 05 may kreia newsletter

President’s Letterpage 1

S.W.A.T. RehabNational Expert Pete Youngs

page 3

New Law Ky. Foreclosuresattorney Hank Schildknecht

page 3

Saturday Workshop!S.W.A.T. Rehab

Pete YoungsSat. May 31st

page 5

Ask Pete Youngs!Page 6

Brand New KREIAIndiana Sub-Group

page 7

KREIA ElectionsGet Involved in KREIA!

Page 9

Upcoming Meeting Topicspage 8

Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.comDISCLAIMER: 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.

Presidents Message

I hope you enjoyed our update last month! Thanks to Harry Borders of Borders & Borders. Stay ahead of the crowd and structure your deals in compliance with the Dodd-Frank Act.

Welcome Pete Youngs! AKA MR. REHABHe will teach young investors & old investors his S.W.A.T. method to save you lots of $$ on your rehabs, repairs, and renovations. He includes lots of "Do it yourself" kiss methods.

*How to slash 50% or more on you cost!*How to estimate your rehab cost.*How to write contracts.*How to hire contractors.*What to do with mold, termites & lead.

Don't forget to sign up for Saturday’s extended teaching seminar on rehabs with Pete! Mark Your Calendar, Saturday May 31st at WILDWOOD Country Club.

I am personally committed to helping newer members get started! Don't be afraid to speak to board member officers or myself. If we're not busy we would love to find out what you need help with!!!

Xpress lane #'s are up and it's no surprise why. Congratulations to Walt Douglass on winning the Express Pay Door Prize Drawing.

Elections! Elections! Elections! We Want You! Last chance to nominate somebody. Nominations close at end of this month's meeting. Don't miss the deadline.

Your President,Dennis Erhard

Quote of the month:This is a Real Estate Driven Economy from top to bottom. It’s too bad our Government gets involved and screws it up. Dennis Erhard

Vol 14-05 Monthly Newsletter for KREIA Members

Dennis Erhard

2Copyright MMXIV 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.

PresidentDennis Erhard

Vice PresidentFrank Miller

SecretaryChris McCarty

TreasurerMike Grinnan CPA

Treasurer ElectFred Helm

Board of Directors

Mike Butler

GeorgeForee

Eric George

JeanHall

MarkHass

FredButler

TamaraWest

DuffyFord

Dan Jones

RueMcFarland

Wally Kallbreier

ParliamentarianHank Schildknecht

Past PresidentConnie 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!)

KREIA Newsletterpublished 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 NewsletterTo Advertise on KREIA.comTo Sponsor A Monthly MeetingTo Sponsor A LOTS ProgramPlease contact [email protected]

KREIA SponsorshipsDiamond: Full Page Ad + Table + Pre-Meeting Speaker Only $995 or $99 mo.

Gold: Half Page Ad + Table + Pre-Meeting Speaker Only $499

Silver: ¼ Page Ad Only $299

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

KREIA SponsorshipsDiamond: Full Page Ad + Table + Pre-Meeting Speaker Only $995 or $99 mo.

Gold: Half Page Ad + Table + Pre-Meeting Speaker Only $499

Silver: ¼ Page Ad Only $299

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


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May Meeting – Feature Speaker

Pete Youngs

5:30pm Early Meeting

NEW Law for Kentucky Foreclosures!

Attorney Hank Schildknecht

SECRET WAYS AND TECHNIQUES

Over the years, investors and homeowners have read and studied my Rehab 101 System and had great success remodeling for a fraction of general contractor costs. After all, saving thousands of $$$’s is great in any situation. More and more people are coming to me at seminars and my live trainings and asking if there was a way that I could put together a visual hands on training showing exactly what to do, how to do it, what products to use, how much will it cost and where do I get it?.

I was positively on fire for the task because I had been filming several recent rehabs on properties that had not been covered in most any other fix up shows or trainings anywhere. Even though I give seminars and trainings all over the country and have for over 2 decades, I still watch and learn from other speakers and have found that a lot of them will TELL YOU WHAT THEY DID TO MAKE MONEY, BUT NOT TELL YOU HOW THEY DID IT! Therefore you leave the training thinking you know what to do just to find you were just as confused as to what to do as you were before you

saw them.

This is the reason why I created the SWAT system for real estate. It is Secret Ways And Techniques (SWAT) to rehab property all on dvds so you can watch every detail. I also included material and labor cost prices as well as over 200 forms to use for liability waivers, making offers, contracts, deeds and all else you need.

In a nutshell, I combined what was going to be a seven (7) course series offering each one individually for a nominal price each. After conducting a test of these products with people who had my Rehab 101 system, the suggested that I combine all seven courses into one TOTAL COVER IT ALL SYSTEM. After much thought, I decided they were right. Make a system that is Like no other and covers more than any other Rehab system and do it For A Fraction Of The Cost Of Others! I designed the perfect way to teach fixing up real estate no matter if you have never done a deal before or whether you have done 100 deals and are an expert. Here is a brief description of what I created. Continued next page

4Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509-2216 www.KREIA.comDISCLAIMER: 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.

My son James and some of his college buddies wanted to buy a house, fix it up to live in and sell it in three years for a profit. They had never done a deal or done any remodeling in their lives before. After securing a great deal, I took them and taught them how to remodel the house and in about 8 days created over 100K in equity. I put all the training on dvds for this project. Among other things we pulled carpet and pad finding old hardwood flooring. By me showing them how to rent equipment and sand and re-stain the hardwoods, we saved 10k on this alone. I made 5 dvds on fixers for fortunes that included me teaching wallpaper removal, sheetrock repair, and pressure washing the decks and exterior.

Another portion that saved literally $1500 or more was when I showed them how to strip and re-finish the cabinets. We cut a hole in a wall and put in double French doors and put tile in the kitchen in some areas and then matched the wall paint colors to the tile. I demonstrated how to put in a drop ceiling and install a floating hardwood simulated floor in the basement so they could rent that portion of the house out and make cash flow. By doing the painting and unskilled labor it was easy to show them how to create big profits on any real estate rehab.

Also in SWAT, my friend Carl Fischer took over a property in Wisconsin. After 2 years of trying to sell the house, we decided to film what to do to this house to make it sell. He had estimates for a new roof, new countertops, new appliances and total bathroom remodeling. It also needed general curb appeal help and the cost was close to 20k. By using more of my latest Swat secrets, we refinished the countertops without replacing them (yes there is a $30 product for that). We got the roof replaced for less than ½ the original estimate, replaced the garage doors and totally gave the fence and yard a brand new look. The entire process was captured on 2 dvds called Rehab in Action and was done for about 7k in repairs. With paint and carpet and a few little secrets on curb appeal, Carl’s house sold in 3 days for a $40,000 profit WHEW!!!

I have always stood by the promise that when I teach rehabbing, I tell you what product to use, show it to you, demonstrate how it works , tell you how much it costs

and tell you what aisle to get it and what store. SWAT is no exception. I made a TOOLS dvd to show you everything you need for any rehab, big or small. You can buy this collection of tools one at a time or get them all at once. They range from $3 to about $30 and most hardware stores will carry them all. Tape maskers for painting, circuit analyzers for wiring diagnostics, hole repair patches, moisture meters and so on. This is invaluable to any rehabber…and after all, we are all rehabbers when it comes down to real estate.

As some of you know, I am an accredited teacher on EPA courses such as Mold inspection and Lead based paint rules and regulations. I have had classes on each of these filmed and turned to dvd format to inform you of your limits and responsibilities for both. Did you know that proving mold exists in a bank owned REO that you could qualify for big discounts saving up to 25% or more on he selling price? Or did you know that if you do not know the rules for remodeling a property built before 1978 could get you fines of up to $37,500 per violation. These dvds will provide you what you need to know.

Trying to give a full description of the SWAT system would take hours and page after page, but let me say this. There are 17 dvds and 3 cd’s and it can be in full dvd and cd format like most training courses, or I have made it 100% digital by putting it on a flash pack (8 gig usb drive) to save you money. The cd’s are 225 forms, waivers, offer makers, deeds, assignments and all other forms needed to do real estate in any capacity. It also has an offer making cd so you look like a pro when you submit an offer and a cd with all the material and labor costs that contractors use for estimating. This is a total of 18 HOURS live training!!! With all this at your fingertips, you will make far better decisions as well as profits in your real estate careers by having SWAT. If you are brand new to investing or a seasoned pro, check out the SWAT SYSTEM. There has never been a rehab training anywhere even close to the quality of this one at any cost. I look forward to being a part of your success.

Pete Youngs AKA Mr. Rehab

Rehab Repair Workshop with Hot Lunch Only $49

5Copyright MMXIII Kentuckiana Real Estate Investors Association•PO17592 • Louisville, KY• (502) 509-2216 www.KREIA.comDISCLAIMER: 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.

PETE YOUNGS

EHAB EMINARSaturday, May 31st

Doors Open 8:30am Class 9am-4pmWildwood Country Club, 5000 Bardstown Rd. Louisville, KY 40291

Includes Hot Lunch Buffet!Join Pete and your fellow KREIA Members to Learn:

Simple Ways and Techniques to SAVE 50% & more

7 Questions To Ask Contractor Before You Hire Them

How to Replace Even a Large Countertop for $19

Create Your Own Granite-like Slabs for $25

Make worn out decks and fences look new again!

Gets Roofs Replaced for 75% Off Roofer Prices

Discover Why “MOLD is GOLD” for Investors

Who Should Attend: New Investors, Experienced Old Pro,Contractors, Real Estate Agents, Attorneys and more!

https://rothiraworkshop.eventbrite.com/

[ ] NLY [ ] 2 FOR $79 [ ] GUEST $99PLEASE PRINT FAX IT FAST TO 502.416.0222MEMBER #1 NAME: _________________________________ EMAIL: ______________________________________

MEMBER #2 NAME: _________________________________ EMAIL: ______________________________________

GUEST NAME: _____________________________________ EMAIL: ______________________________________

CREDIT CARD NUMBER: __________________________________________ [ ] AE [ ] VISA [ ] MC [ ] DISC

NAME ON CREDIT CARD: __________________________________________ SECURITY CODE: _________

ADDRESS, CITY, ST, ZIP: __________________________________________________________________________

I AUTHORIZE KREIA TO CHARGE MY CARD LISTED ABOVE.

CARDHOLDER’S SIGNATURE: _______________________________________ DATE; ______________

Members Check One Box or Go Online to Register at www.KREIA.com

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Q. How can I estimate house damages?

A. That is a tough question to answer, as not all repair costs are equal all over the country. What I do is get the national average cost of the repair and work it from there. At your local large hardware chain store, you can get average prices in national construction cost guidelines manuals. These are similar to car collision repair manuals. If you take a wrecked car in for an estimate, after they look at the damage, they open up a book that tells them how many man-hours and material costs are related to that type of damage, then give you a price. Doing this with home repairs will give you the same results, how many man hours, at what rate per hour, and material costs, leaving you with the total repair estimate.

Also, when getting estimates for your investment properties or your own home you should follow what I tell everyone…Most estimates come with brief descriptions and a total price at the bottom.

Keep in mind that almost any repair can be broken down into one of three things. That would be the square foot, the linear foot or the square yard. Square feet covers things like building living use area, decks, fences and painting inside and out. Linear feet would include gutters, downspouts, wood trim, baseboards, soffit and fascia and more. Square yards would be for carpeting and most flooring as well as pouring concrete slabs and driveways. Get your estimates broken down to one of these common units ( per foot cost ) and call local suppliers to see if you are being charged more than the average per foot price in your region.

Q: I have zero experience in construction. Should I take a class?

A. Definitely yes. I teach classes all over the U.S. weekly and love getting the e mails and letters from people who have attended and used the things learned to save money as well as be really involved in the process of buying, fixing and selling properties.

Education in the real estate business is the best thing you can do. This is one of the few times where you can never really know too much. I would also want you to join your local real estate investment club. Right now today, if not sooner. You will be well rewarded for joining based on the fact that you have more resources there than in any one place at any given time. You have the experience of the people running the club every month, as well as their advice and expertise. Your club may even be run by world class experts such as KREIA. You have access monthly to hard money lenders, net working, a place to buy and a place to sell. Last but not least, they bring in people to educate you and provide training classes, seminars and boot camps to further you in your quest.

Q. What kind of capital do I need before I buy a home to rehab and sell?

A. There are still ways to buy distressed properties as well as others with no money down techniques.

You can also buy from wholesalers, people who buy and sell the contracts to other investors and most wholesalers are themselves or connected to hard money lenders who can put you in a deal supplying the house, the rehab money included in the purchase, and still have good profits in the resale of your deal.

Many people have started out like that who felt the need not to use their own credit or money for whatever reasons. There really ( to me ) is not a set amount to have, but I do know that most people should have enough capital to cover the estimated repairs that you have been quoted, plus about six months holding costs.

Holding costs would be any payments, monthly or otherwise, that you have agreed to pay (such as a mortgage payment in some types of deals ). It does not always need to be held that long, but it is a safe cushion on a majority of deals.

PETE YOUNGS….AKA…MR.REHAB

Brian Haeseley - ChairmanHello and welcome to KREIA’s Brand New Indiana Sub-Group. I have been a member of KREIA for a number of years and saw a special need just for Indiana Investors.

Every second Wednesday of each month, we get together and have a luncheon meeting at Tucker’s Restaurant at I-265 and State St. in New Albany. Anywhere from 15 to 25 investors attend to learn and share updates in our market and government involving our real estate market in southern Indiana.

There is no charge for the meeting and you get pay for your own lunch from Tucker’s menu. (great food too!). And yes, Kentuckians are welcome as well.

If you have any investment property in Indiana or just wanted to get the “inside scoop” on how Indiana works in real estate, this is where you can get it all. Everything from property taxes, water companies and liens, evictions, insurance, and Indiana Landlord Tenant Laws can be had at our monthly meetings.

Each meeting is usually topic focused with an expert doing a short training presentation on the topic. There’s also plenty of question and answer sessions immediately following your meeting.

Please mark your calendar right now for your June 11th Indiana Sub Group meeting.

I am looking forward to meeting you at our June meeting.

Brian HaeseleyChairman KREIA Indiana Sub-GroupKeller Williams Commercialcell: 502-552-4048 office: 812-944-7024

Email: [email protected]

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7Copyright MMXIV Kentuckiana Real Estate Investors Association•PO17592 • Louisville, KY• (502) 509-2216 www.KREIA.comDISCLAIMER: 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.

Brian Haeseley Welcomes You to KREIA’s Brand New

Indiana Sub-GroupMeetings 2nd Wednesday of Month

11:30am – 1:30pmTucker’s Restaurant 2441 State St.

New Albany, Indiana(I-265 & State St.)


No Member Spotlights were submittedPlease submit yourself or a fellow member

http://kreia.com/submit-member-spotlight

Welcome New Members!Mike Pantoja John JonesDemetrius Dowdell Randell PennDavid Meek Kellee SettleGarry Settle

KREIA Upcoming Meetings!Mark You Calendar Now!

May – SWAT Rehab w Saturday SeminarJune – Equity Trust IRAsJuly – SHARK TANK

August – LandlordingSept. – John Schaub w SaturdayOct. – Wholesaling w Saturday SeminarNov – No Meeting Happy Turkey Day!Dec - Holiday Meeting

Copyright MMXIV 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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Nominations Close May 22

GET INVOLVED!Your President has selected this year’s nominations and elections committee, and we would like to inform you of KREIA’s election procedure, which is as follows.KREIA is run by a Board of Directors consisting of five officers, twelve at-large Board members, the immediate past president, and the parliamentarian. The five officer positions—President, Vice President, Secretary, Treasurer and Treasurer-Elect—are filled each year for one-year terms. The twelve at-large Board members are elected for two-year terms, with six new members being elected each year. There are no term limits and all incumbents may run for re-election if they so desire. (As a two-term president, Connie Horsey has chosen not to seek re-election.) Nominations will be taken from the floor at the April and May meetings for the five officer and six at-large Board positions. As in previous years, nominations will be closed after the May meeting. The election will be held at the June regular meeting, and those elected will take office in July.If you would like to nominate someone to run, or would like to run yourself, please contact a me or be prepared to make a nomination from the floor at the

April or May meeting. Only serious applicants need apply. The Board sponsors many activities on an ongoing basis, and it is the diligent effort of all the Board members that brings these activities to life. The Board runs primarily through the committee system. Most Board members serve on more than one committee, and many chair a committee. It is simply not possible for someone to serve on the Board without being an active member.If you have any questions about the governing process of KREIA please feel free to give me a call.

Hank SchildknechtChairman of the Election Committee(502) 893-4494 [email protected]

Register Now for S.W.A.T. Rehab Workshop with Pete Youngs!Saturday, May 31st at Wildwood Country Club – NOT Woodhaven

Registration for Members: Only $49 or 2 for $79 Early Bird prices expires 6pm May 30Guest: $99

Last Minute Walk-Ins at Door MUST Pay $99 – NO Exceptions!

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

http://wardlowauc.com

10Copyright 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.

KREIA’s Brand New

10 Online Mentoring Sessions!Enroll Anytime – Access 24-7

1. Why Real Estate? Rue McFarland

2. Online Local Government Resources – Tamara West

3. Closings 101 – Harry Borders4. How to Buy – Dan Jones5. Wholesaling – Duffy Ford6. Energy Efficiency – Eric George7. S.W.A.T. Rehabs – Pete Youngs8. Landlording – Mike Butler9. Landlord Tenant Law – Hank Schildknecht10. Tax Concerns – Mike Grinnan CPA

MembersNon-members $595

Enroll Now! http://kreia.com/mentor

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12Copyright MMXIV 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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.com

PO Box 91225Louisville, KY 40291Return Service Requested

KREIA’s Monthly Meeting! Thursday May 22 5:30 EARLY MEETING “NEW KENTUCKY LAW ON FORECLOSURES”

attorney Hank Schildknecht

MAIN MEETING PLUS SATURDAY WORKSHOP!

NATIONAL SPEAKER PETE YOUNGS + SATURDAY WORKSHOP

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14 05 may kreia newsletter