About

Our Mission

CIREIA exists to provide quality education and networking for real estate investors and to promote ethics and integrity within the profession and throughout the community.

CIREIA members acknowledge that our association is an organization of people whose purpose is to promote our collective real estate investing success through education, network and community service. In order to pursue these ends in a legal and ethical manner, all CIREIA members will be held to the highest standard of professionalism and integrity.

CIREIA CLUB is a subsidiary of Real Estate Resources Group Inc.  (RER)  

 

CIREIA started over 30 years ago as the Indianapolis Landlord Association.  Several years later it grew into Central Indiana Real Estate Investors Association.  Through the years the club has seen ups and downs; and in recent years Growth became Limited due to:

       Heavy reliance on volunteers

       Non-profit status limited scope

       Board structure meant potential for less experienced leadership

       Many Non-profits targeted for business practices not in-line with mission.

What is RER?

       For-profit Company

       Managed by seasoned real investors

       Continues to operate the CIREIA Club

       Focused exclusively on the real estate investing market

       Aim is to expand educational, networking, and investment opportunities for real estate investors

What will RER do?

Strategic Initiatives include:

       Secure “Home Base” building

       Develop Real Estate Investor Incubator

       Create Real State Education Content

       Expand Geographic focus beyond Central Indiana

       Manage and consult with other similar organizations

       Expand mentoring program opportunities

       Establish dynamic affiliate income relationships

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Code of Ethics

CIREIA members acknowledge that our association is an organization of people whose purpose is to promote our collective real estate investing success through education, networking and community service. In order to pursue these ends in a legal and ethical manner, all CIREIA members will be held to the highest standard of professionalism and integrity. This includes, but is not limited to the following:

  • Members will keep themselves informed of local, state and federal laws and other matters affecting housing in their community.
  • Discover the secrets of those who have successfully made their fortunes in real estate investing.
  • Members will not discriminate against any person for reasons of race, age, religion, creed, sex, country of national origin, children, marital status or disability.
  • Members will acknowledge that a real estate investing business, when conducted properly, helps to return real property to its highest and best use, which ultimately leads to higher property values for our community.
  • Members will acknowledge that a real estate investing business, when conducted properly, helps to return real property to its highest and best use, which ultimately leads to higher property values for our community.
  • Members will comply with all relevant public policies governing the health, safety and welfare of consumers; and protect them by using quality materials, workmanship and construction practices.

  • Members will provide safe sanitary housing within the limits and guidelines of the laws.
  • Members will act as a positive role model for the professions of real estate investing and housing providers when dealing with buyers, sellers, tenants, the public, the media, government officials and others.
  • Members will not perform or cause to be performed any act which would tend to reflect on or bring CIREIA into disrepute.
  • Members will not misrepresent any material facts in their business dealings and will not cheat, take advantage of, or malign other members, property owners or residents.
  • Members will not engage in or tolerate other members engaging in illegal practices of any nature. Members will not cheat, wrong, or defraud any other member, owner, or resident.
  • Members will always conduct themselves in a professional manner at CIREIA events, when representing CIREIA and in all business dealings. This includes approaching members with conflicts in a reasonable manner and asking for assistance if needed.

Ethics Involved with Wholesaling Contracts

  • What we see happening:
    A wholesaler gets a deal on contract and pushes it out to his Buyers list. Then wholesalers on that list send it to their Buyers with some marking up of the price. And then the next level does the same. This results into a chain of added costs to the property.
  • Complications:
    Depending on the timing, the original wholesaler often sees his deal back to him within a week at $5-25,000 more than the original deal. Each wholesaler adding his increase has turned a fair deal into a questionable deal and created a "daisy chain" that gives real estate investors a bad name with sellers, realtors and buyers.
  • Additionally:
    If the final wholesaler gets an interested buyer, he faces challenges in getting that deal closed because he has never seen the property or talked to the seller. "Too many cooks in that kitchen" again leaves a bad impression of our industry.

WITH THIS LINE OF THOUGHT, CIREIA previously implemented a rule that members can not represent properties at BUY/SELL/TRADE if you do not control the property.  Nor do we recommend this practice among our members.

PLEASE NOTE, if you are a beginner in investing, there are other ways to get started without having a negative impact on the industry and on homesellers.  Please give us a call and we’re happy to help you get started.

Board Members & Staff

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Ron Watson
President

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Sterling Davis
Vice President

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Rick Howenstine
Treasurer

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Beth Linson
Secretary

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Dashawn Tharpe
VENDOR MEMBER CHAIR

  • 317.399.1515

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Vickie Perry
Executive Director

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Grant Anderson
Av and Greeting chair

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Stacy Patlan
Education Chairman

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Wendy Roser
Membership

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Ron Davidson
Facilitation chair

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