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.




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.

 
Best regards,




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. 

You invited to donate as well.  Click on the heart to the right.  All funds are welcome and all profits go to lobbying. --------->

Calling all real estate investors, Realtors, flippers, landlords, wholesalers, note conveyors, lease to owner investors, lenders.....


LEGISLATIVE PROGRESS UPDATE 

Thanks to the support of statewide investors and sponsors at the 2018 and 2019 conferences, the Indiana State REIA Board of Directors has moved forward with some very important projects. 

2019 SPRING – We got these accomplished on your behalf:

GOT PASSED:  HB1347 – Utilities Bill – Forbids local municipalities from forcing landlords to be financially responsible for tenant’s utilities.

GOT STOPPED:  HB1495 – Land Contract Bill – If passed, it would have limited the # of land contracts investors can hold with buyers; lowered amount of money down required before ownership comes in play, resulting in default changes, and more.

2019 FALL – We hope to begin working on the new version of HB1495, work on home inspections requirements, and be active in the discussion between communities and landlords regarding 1347.

Your real estate investing business is directly affected by laws created by Indiana and local legislators.  Many of these changes are created in response to negative influence from media and tenants.  However, INstateREIA believes that most landlords and investors are in the business for the betterment of communities; and that most investors are moral law abiding business people.

We are asking you to help us fund our Public Perception, Lobbying and Advocacy Fund to FIGHT ANTI-INVESTOR legislation.

We need your support and financial help.  PLEASE GO TO JOIN NOW tab and click on one of the donation buttons or call 317-670-8491 to donate.




CLICK HERE FOR ONE OF THE DONATION AMOUNTS.  OR CALL 317-670-8491 FOR A CUSTOM DONATION.


Indiana State REIA
 
launched in January, 2018. 



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


 

 Upcoming Events


Looking to network and increase your knowledge in topics like creative financing, wholesaling, landlording, Airbnb and more? Check out Central Indiana Real Estate Investor Association's (CIREIA) Meetup Group. 

indiana state reia_cireia_meetup

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Indiana State REIA
  • (317) 670-8491
  • 6767 E Washington St
  • Indianapolis, IN 46219

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