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Quote
of the Week
“There
are basically two types of
people. People who
accomplish things, and
people who claim to have
accomplished things. The
first group is less
crowded.”
― Mark Twain
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President's
Corner
One reason that you may never
seem to get your Note Business
started is because your heart is
not in it. If you set a goal but
it isn’t your goal then it will
be hard to achieve or even
getting started with it.
If you realize that it’s a goal
set by people around you –
parents, teachers, bosses or
society in general – then, when
possible, eliminate the goal and
set a few goals you would like
to achieve.
Or try to find you own
motivation and reasons for
achieving a goal rather than the
ones people around you have set.
This could put the goal in
different light and suddenly
you’ll feel a whole lot
motivated to get started.
Remember,
Success
Demands Action! Keep on
marketing, it’s going to work!
TWITA!
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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. |
 
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HERE?
Email Us
Today!
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Feature Article
What Are Your Reasons
What are your reasons for
wanting to succeed in the Note
Business To work for yourself,
tired of someone telling you
when to go to work and when you
can take some time off, to have
some job security, to make the
kind of money that can support
the lifestyle you desire, to
become a funding source, or to
just be able to do what you want
when you want...
Read More...
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Question of
the Week
Q
- Hi Jeff,
I am a new note broker and I subscribe to your
newsletters. I am working with a note seller on a $52,500 note, 10 year
amortization secured by a modular home on a permanent foundation with 0.6 acres
of land. Internet sites appraise the property at $60,000. The only issue is
that the payer is a divorcee on disability (starting over). Her credit rating
last fall (the most recent information I have) was 580. She has made payments
like clockwork on this property for 11 months now. Also, the note seller bought
this property in 2009 (two years before they sold it to the current payer in
2011). All in all, this looks like a good note except for the credit rating.
I've been told that no one will touch a full purchase of the note with a credit
score lower than 600. Is that true? This note seller is not interested in
partials.
~ Lisa
A - Hi Lisa!
Thanks for the email! :)
The short answer is NO this is not true. It may be the case for the few
institutional note buyers that are out there but in fact there are quite a few
private and individual investors that will buy a note with poor credit.
The real question is...
is the seller realistic? Meaning because of the poor credit the discount will be
greater and a full purchase price much lower than they may want to accept.
If you want to fill out
my worksheet or submit the info to me on my website form here: http://armstrongcapital.com/sellyour.htm
I would be more than happy to see what we can do for a full purchase and some
options on this note for you. Hope this helps!
~ Jeff
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So you want to invest in or broker
notes?
Been trying for awhile with limited
or no results?
Check out the most talked about, current and innovative educational tools,
training, mentoring, assistance and support services in the industry! Updated for
2016, click here to start growing your note business today!
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newsletter just
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