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Tip of the Week
Did you know....
There are more notes in the United States than any
of us could ever hope to buy. Try to market to the states where you think people
need money.
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!
Click for more info and to order
TODAY!
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Upcoming Events
May 2012
Los Angeles, CA
Secrets of Paper
June 2012
Sacramento, CA
RE and Note Intensive
September 2012
Chicago, IL
Secrets of Paper
Fall 2012
San Antonio, TX
Note Symposium
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
"If you question yourself when
others question you, it is time to consider some changes." ~
unknown
 President's
Corner
Hello and Happy Spring 2012.
Wow, this year is already going
by too fast. This week I just
wanted to share a few of my own
observations with you about the
current note industry.
I want to share with you my
thoughts on the PATH to
Professionalism in the note
business. Professionalism is of
the utmost importance in our
industry and both investors and
brokers would be well served to
be professional and follow the
PATH of Passion, Attitude,
Teamwork and Honor. Ethics and
integrity is crucial for any
business, especially for ours.
Because our business is so niche
specific, the reality is that
the industry is a very small and
tight knit group of brokers and
investors. There is a friendly
competitiveness yet respect for
each others businesses and the
industry as a whole is built on
those relationships.
Investors and funding sources
talk between each other to keep
abreast of any changes that are
going on or any issues that
arise as the result of doing
business. As a part of that
circle Armstrong Capital will
continue to address the issues
and concerns of the industry and
pass them along to our
subscribers. The relationships
that you have as a broker with
your investors, funding sources
and each other will dictate your
longevity and future success in
the industry and conversely the
burning of those bridges could
be disadvantageous.
Remember, Success Demands Action! Keep
on marketing, it’s going to work! TWITA!
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Feature Article
Interviewing a Mortgage
Note Funding Source
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Over the years I have come
up with some guideline
questions to ask Note Buyers
and Private Mortgage Note
Funding Sources to help me
in choosing which investor
or funding source to send
which types of particular
transactions. In finding out
a Private Mortgage Note
Funding Sources’
expectations, criteria and
guidelines you as a
consultant and note broker
will be in a much better
position to assist your
prospects. Following are ten
important questions you
might want to consider
asking a Private Mortgage
Note Funding Source...
Read more...
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Question of
the Week
Q
- Hi Jeff,
As a note
broker when I submit my pay out agreement to an investor or institutional funder/investor they
see my referral fee and then they find a reason to change their price and offer a lower price for the note, what can I do to protect myself from this type of
situation? Thank you in advance for your help as always. - J.B.
A
-
Hello!
I'm not sure what a "payout agreement" is or where you got it from,
that's not how we do business. Whatever
it is you seem to have been having some issues with investors lowering their
price after you send them in an initial package.
Just remember that whatever prices you get from an investor are ALWAYS subject
to verification of the information given and ACCEPTANCE of credit, appraisal and
title. If they are lowering their prices because of wrong information given to
them initially or poor credit or low appraisal or title issues then
welcome to the business. Otherwise you may want to use different investors.
As far as I can tell from what you have told me, it's just business. I do not
believe that investors would lower their price just because they feel you are
making too much money. In some cases I can see an investor having a conversation
with you about the size of your fee if you are making more than say
20% because then it might be considered a bit much. But the investors and
funding sources that I deal with would not lower their price just because they
think I was making too much. Again, maybe you need some new investors.
Good question, hope this helps! Hope this helps!
TWITA!
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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
2012, click here to start growing your note business today!
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