Indiana State REIA is Indiana's only state-wide voice for real estate investor legislation. Our members include house flippers, landlords, notes dealers, wholesalers and anyone working in the real estate investing world.   Our mission is to keep our members informed as policies change, and be your voice when concerns need to be addressed. We do this while also offering invaluable education, information and collaboration. We only exist because you do. Read More.

Update 7/2/2020
Utility disconnections halt extended
Commission lengthens moratorium by six weeks

State utility regulators on Monday extended the moratorium on utility disconnections until Aug. 14, two weeks later than utility companies proposed, but months earlier than consumer advocacy groups called for. The Indiana Utility Regulatory Commission also rejected utility companies’ controversial request for permission to recover lost revenue resulting from the COVID-19 pandemic.

If granted, the request would have opened the door for companies to shift the losses in revenue to customers down the line in ways that could have included rate increases.

The decision ends the first phase of an investigation into how Indiana’s utility companies and customers have been impacted by the financial fallout of the coronavirus pandemic. The start date of the second phase, during which individual utility companies can submit specific proposals, is still uncertain.

Although some consumer advocates wanted the moratorium and other consumer protections to last longer, they say the commission’s decision could be considered an overall win for ratepayers, and may leave an opportunity for an extension later in the year.

IndyStar reporter London Gibson at 317-419-1912 or lbgibson@gannett.com.
Follow her on Twitter @londongibson

UPDATE 6/30/2020
Fort Worth rental company sues to overturn nationwide eviction moratorium amid COVID


Indiana announces rental assistance program up to $500 per month.

State rent assistance announced for tenants affected by COVID-19


Read more here: https://www.star-telegram.com/news/coronavirus/article243791772.html?fbclid=IwAR1P3LPIuH0hfL_pzfO86YYwzktI-9sN2lF_XubAZT4guRb2Arbj4HJ6hAA#storylin

 UPDATE 6/15/2020

"All rental housing will be owned or governed by the federal government within 15 years."   Is that what you want?  National Pro-Investor Activist Roger Valdez, Forbes.com Contributor, has predicted that unless real estate investors band together, this will happen.  Just look at how you've already been impacted by the elimination of evictions for the past three months.

Where will this stop?

Indiana STATE REIA is working on your behalf to fight that prediction and we need your help.  

Legislative update video: 
 https://www.youtube.com/watch?v=O_UwDrZRP_w&feature=youtu.b

The above video is by Jeff Jinks, Attorney and Lobbyist for Indiana STATE REIA.  Please click on this link to donate to protect our rights as real estate investors.  Or call 317-670-8491 to make your pledge.  We have proven success in 2019 and just need $58,000 a year for the lobbying and public awareness fund.  Please help us help you.  Click here:  https://www.indianastatereia.org/Page.aspx?ID=Donate

UPDATE 6/10/2020
INDIANA STATE UTILITIES INFORMATION DURING COVID:  https://www.indy.gov/activity/covid-19-utilities-support

FEDERAL TAX UPDATE COURTESY OF SARAH HOLTRUP, CPA.
As of 3/22/2020

It has been hard to distinguish the chatter and recommendations for the actual law. Earlier this week Treasury Secretary Mnuchin implied that there would be a 90-day tax filing and payment extension from the April 15th deadline. He said, “just file your taxes. you will automatically not get charged interest and penalties.” The next day, the IRS issued Notice 2020-17 announcing a payment extension until July 15, 2020, but not a filing extension.

Then Mnuchin tweeted that the extension to July 15, 2020 would be a filing and a payment extension. He stated as follows: “at the President's direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”

We are not sure how the IRS will interpret this statement. Will it eliminate the $1 million and $10 million thresholds in the IRS Notice? Will it include the April 15th estimated tax payment in the filing extension? Bottom line is we won't know the answers until the IRS issues guidance. Hopefully we'll know sooner than later.

With all the minute-by-minute changes please note that we are working feverishly to keep you abreast of the changes - we will help  ensure you are including the most up to date information.

Together, we can get through this.  Good thoughts for you and your loved ones.  

Sarah Holtrup, CPA       P: (317) 828-1159    E: Sarah@ProfitableInsight.com
www.profitableinsight.com

 

FREE ONLINE VIRTUAL MEETING REGARDING LANDLORD AND TENANTS RIGHTS SCHEDULED FOR 4/28/2020

Below are links and information that will help you find the answers to questions you may have about the current freeze on evictions and foreclosures, etc.:

CORONAVIRUS EVICTION/FORECLOSURE RESOURCE GUIDE

  • This helpful guide will help you through the details of the governor's executive order calling for a freeze on evictions and foreclosures during the current public health emergency.
  • Download the resource guide here.

INDIANA'S HARDEST HIT FUND

  • Eligible Indiana homeowners are eligible for up to $30,000 in mortgage payment assistance.


FREE LIVE VIRTUAL PRESENTATION RE: COVID-19 ISSUES THAT IMPACT RENTERS, HOMEOWNERS AND LANDLORDS will be held on Tuesday, April 28, 2020 between 2 and 3 p.m. (ET).


Among the participating organizations discussing all the housing resources available to all Hoosiers during the coronavirus pandemic will be the Indiana Civil Rights Commission (ICRC), the Indiana Foreclosure Prevention Network (IFPN), and the Indiana Housing and Community Development Authority (IHCDA).

Join the live event on Tuesday by clicking here.


Event shared by Tim Hawkins, Jeff Jinks Law through correspondence from Robin Shakleford, State Represenative House District 98. 

COVID-19 UPDATES
4/23/2020
 

To see a complete listing of COVID-19 Emergency Relief program awards look under the "IHCDA Delegated Authority" tab on our COVID-19 Resources webpage.

(Courtesy of www.JeffJinksLaw.com)

Up to date information is available on through multiple sources.  INstateREIA wants to help you stay informed through sources that can be confirmed as legitimate.

With that in mind, here is a recent message from one of INstateREIA's leaders:

As the situation evolves, we will do our best to keep you informed.

FOR CURRENT COVID-19 information please click on the link below to reach the National REIA website for national updates that have been verified by National's legal and legislative staff.   There is a button on their home page:  COVID-19.   Go to:  https://nationalreia.org/

IN THE MEANTIME - we have been advised to suggest to you that now is the time to increase your communication.

Make 3 calls immediately.

1) First to your lenders and bankers. We are advised that lenders may be extending grace periods, possible interest only payments and multiple other actions to help with your payments. BUT YOU WON'T KNOW what they are willing to do to help you unless you call them. Reach out today.

2) Second call - Call your tenants.  Find out how many of your residents are impacted by this event.   Work with them.  When you talk to your lenders in another month, lenders are going to ask for your numbers. What percentage of your tenants are COVID-19 impacted?  Start collecting this information now.

3) Third call - Call your staff and contractors. What are their situations? Who can work? Figure out what repairs must be done due to health and safety issues. 

Remember, many buyers and sellers are still out there.  Many lenders are still lending.  Be simple.  Be kind.  We will get through this.

For beginners - now is a good time to work on your education and make your plans.  It's also a good time to book a telephone chat with our Executive Director.  Vickie flipped her first house in 1981.  To schedule a phone appointment, email her at ExecutiveDirector@cireia.club.

Thank you and best wishes to all.  CIREIA Club Board of Directors

FROM JEFF JINKS LAW...INDIANA SUPREME COURT UPDATE 

From your team at JEFF JINKS LAW, please see the following announcement from the Indiana Supreme Court which is addressed to lawyers specifically.  I will forward these OFFICIAL announcements, and their internal links, to our membership and on our firms’s Facebook page to help everyone better understand what is actually happening in the courts.  Please check in regularly because these announcements may come out very frequently.   

We know this is a stressful and uncertain time for you, your colleagues, your clients, your firms, and your communities. We want to assure you that the Indiana Supreme Court and the Office of Judicial Administration—like all of you—are taking appropriate steps to respond to this public health emergency while making sure that essential court operations continue statewide. In particular:

  •  All trial courts have been ordered to work with their county emergency management agencies and health departments to implement their Continuity of Operations Plans and petition the Supreme Court to carry out operational changes—such as postponing jury trials, suspending deadlines, allowing for remote hearings, and minimizing non-essential access at court facilities—through Administrative Rule 17
  •  OJA is working quickly through its Office of Admissions and Continuing Education to address our regulatory framework, which dictates the amount of in-person versus online continuing legal education hours. We will engage our state’s Bar Associations in making sure distance education can be championed as we all take necessary social distancing measures.
  •  Our electronic filing systems and your active usage of them have allowed many portions of the modern legal practice to continue remotely. Just since March 9, there have been about 210,000 filings in our trial and appellate courts.

Please familiarize yourself with the Indiana Supreme Court’s public webpage on COVID-19 Responses and Resources. Our Office of Communication, Education, and Outreach intends to update the website at about 9:00am EDT and 3:00pm EDT each workday with additional resources and orders granting county emergency petitions. Please also contact your local courts for specific details on the status of county facilities.

We belong to a profession which brings stress every day in the best of times, whether we are law students, practitioners, or members of the judiciary. So please remember to prioritize your health and well-being, along with the health and well-being of your families, colleagues, and friends. The Judges and Lawyers Assistance Program is available to support you as always. Call confidentially, 317-833-0370 or review their list of online supports.

We continue to work with all of our justice partners and stakeholders throughout the state, including the Indiana State Bar Association, local bar associations, executive branch agencies, and many others to ensure that we are all doing our best to respond to these ever-changing and challenging circumstances. Thank you for your continuing hard work and commitment to the legal profession in Indiana.



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Indiana State REIA's  3rd Annual Conference rocked it!!  
Thank you to all sponsors, speakers and attendees!!





MARK YOUR CALENDAR NOW for the weekend of April 17, 2021. 
 
Indiana State REIA's 4th Annual Conference.  
Specific dates and agenda to be announced soon.




100% of PROFITS GO TO LOBBYING AND
PUBLIC AWARENESS FUNDS. 

 


Memberships, sponsorships, committees and services are a work in progress and changing daily. It has been formed by volunteers and your participation is welcome and encouraged. Our goal is to make your voices heard. We only exist because you do. 
To volunteer call (317) 670-8491, or email us at instatereiamarketing@gmail.com

 

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