www.armstrongcapital.com

July 8, 2015

www.secretsofpaper.com

     Volume 4  Note-able Newsletter  Issue 27     

President's Corner - Tip of the Week - Weekly Quote - Feature Article

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

      These are the resources to help you continue to move forward with your note business, the Original Combo includes:

       * Scripts and Tips - In this handbook Jeff shares with you how he runs his business including finding notes, gathering information and negotiating. Jeff has also included are many valuable scripts, tips and forms that will put you on the fast track to success as a Real Estate Note Broker!  (includes industry documents disc)

       * Every Single Profitable Note Marketing Idea In The World (almost) - Yes, there are powerful techniques for finding a steady flow of profitable mortgage notes. You'll find dozens of practical tools that you can start using right away to turbo charge your note business.  You must have a marketing plan in place that will generate a steady flow of notes for your consideration. A powerful marketing plan! (includes the customizable Note Holders Handbook on disc)

Click for more info and when you

order in July you will also receive the E-book versions for FREE!

Tip of the Week

         

Did you know...

 

       Note Holders don't care what YOU would like to do. Never tell a note holder you'd like to make an appointment for a call. Instead, make a request or ask permission to do so and they will be more receptive.

 


Upcoming Events

 

August 21-22, 2015

     Seller Financed Notes

     Stockton, CA

 

September 25-26, 2015

     Seller Financed Notes

     Atlanta, GA

 

TBA 2015

     New York, NY

 

TBA 2015

     Scottsdale. AZ

 

TBA 2015

     Chicago, IL

 

TBA 2015

     Los Angeles, CA

     Secrets of Paper


Quote of the Week

 

“To keep your character intact you cannot stoop to filthy acts. It makes it easier to stoop the next time. ”

                                                        Katharine Hepburn



President's Corner

       In the note business your professionalism can win you contracts, and your communication skills add to the complete package.

       Communicating professionally includes taking time to proofread all emails prior to sending; use a business email address with a proper signature; answer the phone professionally; and speak articulately and competently at all times.

       While my email signature has evolved over time, below is the general format I follow, which has worked well for me:

Name

Company | Website

Email | Phone number

 

Hope this helps! Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


If you need a Valuation Estimate or an Appraisal of today's cash value of your secured or unsecured notes, for the purpose of Estate Planning, Financial Planning, Income Statement Preparation, Balance Sheet Preparation, or any other purpose we can help.

Read more and contact us today.


  

Email Newsletters & Email Marketing by YMLP.com

   

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Feature Article

Realistic Expectations         

       I recently heard an interview of a top note industry veteran who stated that brokers couldn’t survive in the seller financed note as it is and may need to look at getting into other aspects of the real estate industry like the origination business.  I disagree... Read More...


Question of the Week

Q - Hi Jeff,

          You recently passed on giving me a price on a note that I found and you said that because it was a flip you wouldn't be able to do anything until it is seasoned for at least 12 months. You told me to have the note holder keep an excellent payment record and get back to them when they have 12 months of seasoning and you would be able to look at it then. Well, I passed this on to the seller. They asked if an appraisal would help (one that we would order not one they already have) I told them that I thought this was only part of the issue. The second issue would be that the payor could make the payments for 12 months. But, I thought I would at least ask if we conducted an appraisal and if it appraised at a sufficient value, would this make this transaction move forward any earlier? Let me know. Thanks!

                                                    ~ Donato
A - Hi Donato!

          Thanks for the email! Nice but no. You are correct in that the value is only part of the issue with rehabber/flipper paper. Doing an appraisal now even if it appraised for double the sales price wouldn't help. Remember we buy notes for the cash flow and one way to lessen the risk of default and foreclosure is to let the note season for 12 months. With the rehabber flipper paper the industry statistic is that nearly 7 out of 10 rehabber/flipper notes default in the first 12 months. SO if the note is still around in 12 months and they have had on time payments the likelihood that the payments continue is much, much greater. Hope this helps!

                                                      ~ Jeff


So you want to invest in or broker notes?

Been trying for awhile with limited or no results?

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