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Resource Highlight
Whether you have never used
an HP10BII calculator before, if you use a different
calculator OR if you have
never used ANY calculator
before,
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!
Click for more info and to order
TODAY! Order in July and
you will also receive the Extra E-book Supplement for FREE ($19.97 value)!
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Tip of the Week
Did you know...
The pain of note marketing is
forgotten as soon as the money
starts pouring in.
Upcoming Events
August 6, 2016
Tucson, AZ
September 24, 2016
Atlanta, GA
December 17, 2016
Sacramento, CA
TBA 2016
New
York, NY
TBA 2016
Scottsdale. AZ
TBA 2016
Chicago, IL
TBA 2016
Los
Angeles, CA
Secrets of Paper
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Quote
of the Week
“If
you're trying to achieve,
there will be roadblocks.
I've had them; everybody
has had them. But
obstacles don't have to
stop you. If you run into
a wall, don't turn around
and give up. Figure out
how to climb it, go
through it, or work around
it.”
― Michael
Jordan
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President's
Corner
Negotiation is a skill that can
be learned like any other and
this month I am giving you four
tips on negotiating in the Note
Business. My fourth and final
tip this month is the best one,
Play a Mind Trick on Yourself.
Many men and women may feel
greedy or selfish for asking for
something on their own behalf.
According to the American
Psychological Association study,
the answer may be to pretend
that you’re asking for someone
else.
When you’re getting
ready to negotiate with a note
holder, imagine that you’re
doing it on behalf of a
colleague (try underwriter).
Look at your hard work and
experience objectively, and try
to view yourself as you would
view the colleague. As you
become increasingly comfortable
with negotiating, you can be an
even bigger part of the solution
to solve the note holders
problem. When it’s time to sit
at the negotiating table, you’ll
be trained and ready to drive a
hard bargain.
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. |
 
Would You Like to See Your Ad
HERE?
Email Us!
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Feature Article
Packaging a Note Transaction
What does a note broker do after
a note holder says yes? Let’s
review the steps to the process...
Read More...
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Question of
the Week
Q
- Hi Jeff,
I've been working through your
Calculator Secrets book which has explained everything very well, however, there
is one scenario that I"ve been trying to solve in which I can't seem to find the
answer for in your book. The best way to ask this question is to set up an
example, so here it goes...Note Terms:
N=360
I = 8%
PV = $148,000
PMT = $1085.97
FV = 0
Suppose the note holder calls
and says he needs $50,000. How would you calculate the number of payments to buy
in order to yield 14% return? I think I've figured out how to do it, but I
wanted to check with the pro to be sure that I'm doing it correctly. Thanks for
your help.
~ Kristin
Hi Kristin!
Great question! Here is
what we have:
N=360
I = 8%
PV = $148,000
PMT = $1085.97
FV = 0
To calculate how many
payments to purchase to give the seller $50,000 and receive a 14% yield you
change PV to -50,000 (don't forget to make it negative) you change I/YR to 14
and then solve for (push) N
N = ?
I = 14
PV = -50,000
PMT = 1,085.97
FV = 0
And you should get N = 66.42
round up to 67. So you would buy 67 payments to get a 14% yield and give the
seller $50,000. 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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If you have missed any of our
Newsletters click here for our
Archived Monthly Newsletters!
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If you have a note business question you would like answered in this
newsletter just
email Jeff!
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Get started in the
Note Business with the
Complete Note Business Starter Package - includes consultation's with Jeff!
  
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