www.armstrongcapital.com

 August 19, 2015

www.secretsofpaper.com

     Volume 4  Note-able Newsletter  Issue 33     

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

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

      In easy to understand language, the topics that are discussed in the Note Holder's Handbook include:

·         How much is your note really worth?

·         Why record keeping is vital to your note's value

·         A simple technique that can avoid tax problems.

·         What to do when the payments are late.

·         What to do if the payments stop and when to foreclose

·         A simple step you can take to verify the safety of your note.

·         How to get top dollar if you sell all or part of your note.

The Note Holder's Handbook also includes a Handy Reference Data area to keep all of the pertinent information regarding the note in one place AND a simple to use Payment Record chart to keep track of the payments received.  This handbook is a must for someone receiving payments on a real estate secured note as well as a fabulous marketing tool for note brokers and investors.

Click for more info and when you

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

Tip of the Week

         

Did you know...

 

       There are 3 steps to becoming a master note negotiator:

 

1. Know the language, the questions and the structure of your offer presentation.

2. Know how to listen and react to what the prospect says.

3. Know how to use your intuition to perfect your timing of the two.

      


Upcoming Events

 

August 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

 

It is easy to hate and it is difficult to love. This is how the whole scheme of things works. All good things are difficult to achieve; and bad things are very easy to get.

                                                       ― Confucius 



 President's Corner

    Some of the largest note transactions I have ever closed happened while I was away on vacation. Now how does that happen? (The answer is not to go away on vacation.) Do you want to know how to close more note transactions? Are you willing to do what is needed?  (It is not about “closing techniques” although they are good to know.)  OK, here is how you close more note transactions:

       Do all the right things beforehand and the business will close for you.  What are all the right things beforehand? There are so many but here are the most important:

1. Don't chase bad notes.

2. Market a lot so you don't have to chase bad notes.

3. Know what bad and good notes look like and compare it to the opportunity in front of you.

4. Note Holders fall into 3 categories and the earlier you know the better:

    a. Will never sell their note, ever (stay away from these)

    b. Are open minded about selling their note (see how open minded)

    c. Want to sell you their note (should have 100% close rate)

5. If it is too good to be true, it just might be. Don't ever mistake somebody’s desire and eagerness for their ability to sell their note.

6. If somebody else is better able to close the deal, ask for their help and split the proceeds.

7. Buy from note holders who are referred to you.

8. Be a good, well intended, honest person. People will want to sell you their notes.

       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.


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Feature Article

Note Business Solo

        I’ve always been known for speaking my mind and telling it like it is in a straightforward honest and fair way, so I’m not going to sugar coat this article.  The note business is a real business and if you are considering starting your own one person operation Note Business, be ready to put in a lot of sweat and tears... Read More...


Question of the Week

Q - Hi Jeff,

          Have you ever dealt with mobile home seller financed notes? I know the banks won't touch these and also how do you appraise a mobile home note?
                                                     ~ Scott
A - Hi Scott!

          Thanks for the email!  We do buy notes on mobile homes IF they were sold WITH the land, so the mobile home and land were sold together and the mobile home is affixed and attached to the land. We do not buy notes secured by mobile homes where they are renting or leasing the land the mobile home is sitting on. There are some note buyers that will buy notes secured by JUST the mobile home but there are very few. The ones that do buy these types of notes usually only buy in their local areas. As far as appraising or pricing mobile home notes it is basically the same as regular notes with an adjustment in ITV and yield to cover the additional risk. 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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