About Calloway County, KY

The Western Kentucky Real Estate Investment Association (WKREIA) welcomes everyone in attendance! We hope to make this association one of the finest learning alternatives to develop, support and promote regional real estate investment while serving the interests of the Real Estate Investment Community and Industry as a whole through Education, Motivation, Mentoring, Training, Leadership, Investment, and Networking Opportunities on all issues involving the regional real estate community, and promoting professionalism and standards of excellence in the industry. The only way we can make this association a success is to get everyone's involvement to the fullest extent possible. We sincerely hope you see the benefit of having, joining and participating in an organization like this and hope you get fully involved in any way you see possible. Thanks again for attending and getting involved!

Agenda

Thursday, September 18, 2008

Barkley Lecture Room, Murray State University

7:30 p.m – 9:00 p.m.

1. Introduction to the WKREIA and opening remarks – Greg Taylor, President

2. Guest Speaker – Chris Morris, American Heartland Mortgage, Paducah, KY – 270-554-1952

3. Open Discussion on Building a Buyers’ List

4. Investor Social Networking Session – Break up into groups, rotate every 10 minutes.

Handouts for the August 2008 Meeting

1. Building and Cultivating A Buyer List

2. How to Build a Buyers List

3. 7 Steps to Building Your Buyers List

OCTOBER 2008 PROPOSED AGENDA

Discussion on rental and cash flow strategies

Handouts on strategies to help your properties cash flow better

Speakers on rental and cash flow strategies

Investor Social Networking Session

Here in Murray and Calloway County, KY, our real estate market has several factors that keep the market among the tops in Western Kentucky. We have Murray State University, which provides home buyers and renters, along with many cultural and entertainment experiences.

We also have beautiful Kentucky Lake and Land Between the Lakes, which provide a great atmosphere. Combine all of this with a low cost of living and you have a GREAT place to live.

As an attorney and real estate investor here in Murray, I have noticed that home sales have slowed somewhat over the past few months, mirroring the national economy. We have been insulated here for several months but eventually the national economy is going to trickle down to us.

I have also seen a rise in the number of foreclosures and pre-foreclosures. Our company is able to help many of these people save their credit and stop their foreclosure and that is a source of great personal satisfaction to me.

With the latest local results showing an average time on market of 6 months, many people are needing to sell NOW and not later. With holding costs and mortgage payments being so costly, it is often the best option for people to sell at a wholesale price rather than hold out for top dollar.

In conclusion, we are all in for a rough next couple of years but with a little faith and some common sense, we all ought to be able to ride out even the toughest of times.

God Bless and have a truly wonderful day.

With many thanks to Lance Allison, Lisa Satterwhite and the staff at the Murray Chamber of Commerce, here's what's happening this week around Murray:

What's Happening Around Town:

Humane Society Dog Obedience Class, Carmen Pavilion, Tuesdays beginning Sept. 16, call 759-1884 for more info.

Murray Art Guild's Photography Exhibit, Robert O. Miller Conference Center, 201 S. 4th St., Sept. 17 - 28.

Speaker Marcia Thibeault, DVM, retired equine practitioner, professor and author of I Make Horse Calls and More Horse Calls, Wrather Museum Auditorium, Sept. 18, 7 - 8:30 p.m., free.

Murray's Fall City Wide Yard Sale, Sept. 20, 7 a.m. - 3 p.m., call 759-2199 for more info.

7th Annual Dr. James W. Hammack Jr. Scholarship Banquet, Alicestyne Adams of the Underground Railroad Research Institute speaking, Curris Center, Sept. 20, 7 p.m., tickets $40, call 809-2234 for more info.

Featured Artist Exhibition, Murray Art Guild, Sept. 21, call 753-0459 for more info.

Relay for Life Committee Meeting, Sirloin Stockade, Sept. 22, 6 p.m., reply to mckinney@murray-ky.net.

Arts on the Square, Court Square, Sept. 27, call 759-9474 for more info.

Hazel Day, Hazel, KY, Oct. 4.

Farmer's Market of Murray-Calloway County, MCC Fairgrounds, every Tuesday and Saturday, 7 a.m. - 1 p.m.

Downtown Saturday Market, Court Square, Saturdays, 7 a.m. - noon.

Land Between the Lakes Activity Guide, www.lbl.org or 1-800-LBL-7077.