Learn How to 'Profit First' in Your REI Business
Saturday, June 28th, 9 a.m. – 3 p.m. Eastern, ONLINE
Always Thinking “Where Is All My Profit Going???”
Then You Need this Masterclass Like You Need Oxygen…
"Profit First" For Real Estate Business Owners
with David Richter, author of Profit First for Real Estate Investing and CEO of Simple CFO Solutions, and Christina Gutierrez, real estate investor and CFO of Simple CFO Solutions
Register here to get the Zoom link for Saturday's class. And if you register by midnight of Thursday, June 26, you'll save at least $20 on your tuition.
You're closing the flips. You're building a portfolio. You're doing the work. You're even cashing the checks…
... But it doesn't feel like you're getting to enjoy the fruits of all that "success."
If your business makes money, but you still feel broke, or you can't quite figure out where all that money GOES, this online masterclass will show you why, and how to fix it.
David Richter, do-er of over 850 deals and author of Profit First for Real Estate Investors, and Christina Gutierrez, accountant and real estate investor, will walk you step by step through the process of finding your profit and capturing it, so that you can:
- Know why it's a terrible idea to put profit last, and how to change it NOW.
- Pay yourself regularly, without starving your business
- Control expenses so you never run out of money to do deals and have reserves...
- Know exactly what your business makes, spends, and keeps
- Make better, faster, and more profitable decisions based on accurate numbers
- Dig yourself OUT of the hole, if you find out that your business isn’t actually profitable
- Scale your business profitably and intentionally, so that it is maintainable, not in the usual, dangerous, out-of-control way that many real estate entrepreneurs do it
- Lay the financial foundation of a real company, so that you can stop being a real estate investor who IS the business, and start being a real business owner
- How to make strategic decisions using your numbers, not your feelings
This class isn't about bookkeeping, accounting, or taxes. It's about how YOU, the owner, can finally feel like your business is paying YOU – not the other way around.
Code Enforcement Lien Waivers? Louisville Is Doing It!
Investors, have you been frustrated in your attempts to purchase and renovate vacant and abandoned properties? By code enforcement liens that can run into the tens of thousands of dollars?
Start your engines, because Louisville Mayor Craig Greenberg has launched a code enforcement lien waiver pilot program for investors who rehab vacant houses for resale or for rent. Are there rules? Yes, a few.
Watch this video interview with the Mayor and KREIA President John Mays to find out more about the program, how to put in an application, and get ready to help the Mayor reach his objective of rehabilitating "hundreds and hundreds and hundreds" of houses!
KREIA Co-Founder Noble Roberts, 1925-2025
KREIA was founded in 1978 by three men — Noble Roberts, Gene Dyson, and Rue McFarland. Noble was named our first president. From KREIA's beginning, with about 12 members, we have grown strong to over 800 members, and more join every day.
We would like to thank Noble Roberts for leading us, inspiring us, and for helping so many men and women learn how to invest in real estate. Following his example, many of us have reached financial freedom, allowing us to secure our families' futures. And we'd like to thank him for showing us how to provide safe housing for so many other families.
Noble lived 99 abundant years of service to his country and his community. He was a soldier in WWII, a professor of biology, and a leader in his church.
Noble Lafayette Roberts, of Shelbyville, Kentucky, died on Sunday, January 19, 2025, at the age of 99, just a few months shy of reaching 100 years old. Noble was born June 10, 1925, in Arkadelphia, Arkansas.
Please see his full obituary here.
Q&A With Ed Gibson: Longtime Investor Pays It Forward
"KREIA is the only organization I know of – and I've been around the world eight times – and I have never, in my life, seen a group of people work so hard to try to make you a millionaire. I’m not kidding you."
Ed Gibson was speaking from experience here, and he believes in paying it forward!
Ed is a longtime KREIA member, a past board member, a past Lunch & Learn host, and a patent-holding engineer. He’s married and has four children and six grandchildren.
He is also one of KREIA's biggest cheerleaders, and he credits his investing success to our group. He’s not a typical real estate investor – he divides his energies between the stock market and real estate, and he makes a great case for why he doesn't like to put all his eggs in one basket.
His take on the synergy of two-prong investing is fascinating, and we sat down with him a couple of months ago to pick his brain – coming away with thousands of words of pure gold.
There wasn't room to fit the full interview in print and, trust us, you’ll want to read the whole thing. In the full transcript Ed talks about how he rehabs houses, he shares his investing strategy, gives specific recommendations, gives shoutouts to his many mentors, and offers solid advice.
If you're an active KREIA member currently logged into your account, you can read the full interview here.
Help the Children: Help the Home of the Innocents
The Home of the Innocents is a Louisville organization that takes care of abused, neglected, and medically fragile children. Even though we presented our annual check to the Home at our Holiday Party, the need for our assistance continues. Please make a much-needed gift to the Home through our fundraising page. (It's tax-deductible for you!) Or by purchasing something the children need that's mentioned on their Wish List.