www.armstrongcapital.com

December 5, 2012

www.secretsofpaper.com

Volume 1          Note-able Newsletter          Issue 49

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

Upcoming Events - Subscriber Question - Product Highlight


Check out the Secrets of Paper 201 Home Study Course

Your Launching Pad to Success in the Note Business!


 
Tip of the Week

        Did you know....

              The four things that make people with dreams successful are Focus, Action, Discipline and Innovation.


Product Highlight

       Whether you have never used an HP10BII calculator before or if you use a different calculator Calculator Secrets will walk you through the process of calculating the term, payment amount, remaining balance, balloon amount, interest rate, yield and much, much more.  You will work through Beginning, Intermediate and finally Advanced calculations by following a simple step by step process and each new thing you learn will be followed by actual worksheets of real life transactions for you to practice on (and we may have the answers for you also).  By the time you are finished with this book you will be a calculator wizard!

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Upcoming Events

 

2013

     Chicago, IL

     Secrets of Paper

 

April 25-28, 2013

     Las Vegas, NV

     Paper Source

     Note Symposium

    

2013

     Los Angeles, CA

     Secrets of Paper

 

October 24-27, 2013

     Las Vegas, NV

     Noteworthy Convention

 

Ask Jeff to come and speak or teach to your group or at your event!


Coming Soon

Exclusive

Note-able

Membership

with Videos,

Notes for Sale,

Training,

Tools and

Support!


Quote of the Week

 

“Someone who thinks the world is always cheating him is right.  He is missing that wonderful feeling of trust in someone or something."

                                                                             ~ Eric Hoffer


President's Corner

       I hope you had a wonderful Thanksgiving holiday weekend and are now back to business for a few weeks gearing up for those end of the year profits! :)

        As I was sitting at the Thanksgiving table I was listening to my mother talking to my brother and I overheard her say to him, "You'll catch more flies with honey than you will with vinegar."  It's quaint, but even in today's high tech world, it still holds true today.  With toxic bosses in vogue and self-absorption at a new high, common courtesy is anything but common.

        I have encountered numerous business people who believe that success is their ticket to bad manners.  Being successful doesn't mean you have to lose your etiquette.  The valet parking attendant should be given the same respect as the chairman of the board.

        I believe we subliminally associate good manners with other old-fashioned traits like honesty and integrity. So someone exhibiting good manners would be send, all other things being equal, as being more honest and having greater personal integrity.

        Good manners convey other positive traits, such as respect, altruism and discipline.  A display of manners is a sacrifice of what one might prefer to do in certain situations in order to follow prescriptions of behavior. It is easier to trust people with good manners.  People judge us by actions and appearance and words, so how you look, speak and act really translates into how you're viewed in business.

        Several years ago Mr. Anderson called and wanted to sell his note. His note was not very desirable and I told him right up front that we could buy it but the discount would be extreme large due to the poor terms he had on the sale and note. I spent 5-10 minutes talking with him and he appreciated my honesty and said he would look elsewhere. I wished him the best.  Almost two years later I got a call from Mr. Anderson again and he reminded me of our initial conversation and said that he had a vivid memory of that call.  He was impressed that I would be so polite and courteous to a complete stranger.  That was his main reason for contacting me again.  This time he had an exceptional note that we went on to purchase because he knew I would be honest and straightforward with him and a trustworthy steward of his money.

        According to a survey by Columbia, SC based Eticon (an etiquette consulting firm), almost 60 percent of customers say they would shop elsewhere and pay more to avoid rude sales and service people. For the note business you might read that as 60 percent of note holders would move on and choose to sell their note to someone else, even at a bigger discount, to avoid a rude note broker/buyer.  Even more interesting, the survey goes on to say that individual customers no longer have a problem exiting a relationship with a business when they are treated with disrespect.

        As your mother would tell you, manners matter most because you reap what you sow.  No one I know has ever passed along business to someone who is lacking in the manners area.  Don't just brush etiquette off as a sissy topic. Manners bring positives that help you get ahead.

        Don't underestimate the value of courtesy in the note business. Have a wonderful holiday season! Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


Feature Article

Put More Green In Your Pocket

          Over the years I have found a few specific ways to make more money on each and every transaction. As your favorite Master Consultant in the field of private mortgages notes, I would like to suggest some ways for you to potentially make even more money on every closed transaction you have in the future. I recently visited Kansas City Missouri and found out that the state motto for Missouri is "The Show Me State", so let me show you three ways to put more green in your pocket...Read More...


Question of the Week

Q - Hi Jeff,

            Thanks for the quick and fair prices on the worksheets I have been sending over.  When you offer to buy a Straight Partial or Split Purchase, what happens if the note is refinanced during the time the investor has the note?

                                                ~ Wayne W.

A – Hi Wayne! 
            Thanks for the email! If the note is paid off in full before the note holder is supposed to get the note back then the note seller would receive an amortized amount of what is owed to him at the end of the partial term.

            Should the note holder choose the Split Purchase or other partial option we would prepare a Schedule "B" showing what he would receive if the note paid off at any time over the remainder of the partial term.  We do not prepare this until we at least have an acceptance and signed agreement because it takes about thirty minutes or more to prepare this schedule.

            Hope this helps!  TWITA! ~ Jeff


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