Hello! J Well, hope you had a great Halloween and you got more treats than tricks! With the holidays fast approaching you want to make sure that you have some marketing in place to assist those people that need some quick cash for all or part of their notes.

In the last couple of months, we started to look at the different property types that notes are secured by, different situations and the additional information that would be nice to know for the funding source to initially give you accurate pricing.

Situations & Information Needed – Part 3

Condominiums

As you are talking to the note holder you will come across many types of properties and situations. Following are some good questions to ask and answers to get in addition to the information on your mortgage worksheet. Last month we looked at Mobile Homes and the month before Residential property types. This month we will cover some additional questions to ask the note holder when the note is secured by a condominium.

Condominiums

- New or old project?

- When was it built?

- How many stories does it have?

- Is it a Townhouse? High-rise? Garden Apartment?

- Does it have a garage? Carport?

- What are the monthly Homeowner’s Association dues?

- How many units are in the complex?

- How many units are for sale?

- How many are vacant?

- How many units are owner occupied?

- How many units are rentals?

- Describe off-street parking?

- Describe properties on each side of the complex.

- Give the name, address and phone number of the condominium association.

Remember, what you are trying to do while completing the worksheet is to get the story behind the note. The more information we get up front the more likely the prices we get from the funding sources will not be cut later on down the road during the due diligence process. You will save yourself and the funding source lots of time and wasted effort by just asking a few pointed questions. Next month we will look at some key questions to ask when the note is secured by a commercial property.

Keep on marketing, it’s going to work! Hope this helps! Talk to you next month!

Happy Thanksgiving!

Jeff

PS – You asked for it so we made it happen. Troy Fullwood and I will be having another Power of Paper Workshop in November 17^th, 18^th and 19^th in Atlanta Georgia ! As always, seating is limited to 50 people. Let me know if you have any questions. Thanks for your support!

Click here for info, testimonials and registration information for the October

Power of Paper Workshop

Armstrong Capital
800-845-3055
fax 818-865-2323
PO BOX 6517
Westlake Village, CA 91359
visit our website at www.armstrongcapital.com

Jeff is also the Editor of the Noteworthy Newsletter, a printed monthly publication. If you are new or experienced in the Cash Flow Industry I encourage you to check out and subscribe to the Noteworthy Newsletter, an indispensable newsletter for Note Brokers, Note Buyers and Real Estate Investors.

Just click here and then click on "Newsletters" at the top of the page.

***Free gifts when you subscribe

Jeff's Speaking and Instructing Schedule

Location Date Event (click for info & registration)

Atlanta, GA November 17-19, 2006 Power of Paper
Phoenix, AZ December 8-10, 2006 Power of Paper
Orlando, FL January 12-14, 2006 Power of Paper
Phoenix, AZ January 19-21, 2006 Power of Paper
? January, 2007 CCFC Training
Dallas, TX May 20-27, 2007 Cash Flow Convention
Las Vegas, NV September 27-30, 2007 NoteWorthy Convention

For more great strategies, don't forget to check out Jeff's informative cash flow books for Scripts, Tips, Marketing ideas and more!

For a complete description of all Jeff's books just click HERE today!


Personal Cash Flow Prosperity With Tail Ends: How to Keep a Piece of the action	Every Single Profitable Note Marketing Idea In The World* (Almost)	Scripts & Tips: A Handbook for the Serious Note Broker

Purchase the "Consultant Combo" which includes "Scripts and Tips", "Every Single Profitable Note Marketing Idea In The World (almost)" and Jeff's newest release "Personal Cash Flow Prosperity"! That's all 3 cash flow books today for only $135.00!

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All Books Now Available as E-Books, click here for E-Books!

Jeff Armstrong is president of Armstrong Capital and Editor of the NoteWorthy Newsletter, www.noteworthyusa.com. He is a member of the Million-Dollar Club, a Master Broker, visiting instructor for the American Cash Flow Institute, and the author of three best selling books. He can be reached by calling 800-845-3055, faxing 818-865-2323, e-mail jeff@armstrongcapital.com, or visit www.armstrongcapital.com and click on "Note Brokers" for questions and information about his Master Broker services, Mentorship program how Armstrong Capital can help you succeed.

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