www.armstrongcapital.com

July 22, 2015

www.secretsofpaper.com

     Volume 4  Note-able Newsletter  Issue 29     

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

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

      These are the resources to help you continue to move forward with your note business, the Original Combo includes:

       * Scripts and Tips - In this handbook Jeff shares with you how he runs his business including finding notes, gathering information and negotiating. Jeff has also included are many valuable scripts, tips and forms that will put you on the fast track to success as a Real Estate Note Broker!  (includes industry documents disc)

       * Every Single Profitable Note Marketing Idea In The World (almost) - Yes, there are powerful techniques for finding a steady flow of profitable mortgage notes. You'll find dozens of practical tools that you can start using right away to turbo charge your note business.  You must have a marketing plan in place that will generate a steady flow of notes for your consideration. A powerful marketing plan! (includes the customizable Note Holders Handbook on disc)

Click for more info and when you

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

Tip of the Week

         

Did you know...

 

       One of the most powerful negotiation  strategies you can use is to convey to your note holder that you don't care all that much if they sell you there note or not.  It's called, "The Take Away."

 


Upcoming Events

 

August 21-22, 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

 

I truly believe that everything that we do and everyone that we meet is put in our path for a purpose. There are no accidents; we're all teachers - if we're willing to pay attention to the lessons we learn, trust our positive instincts and not be afraid to take risks or wait for some miracle to come knocking at our door. 

                                                        ― Marla Gibbs



President's Corner

       Your note holders want to feel that they are your priority. You can make them feel so by providing exemplary customer service. Try this communication-focused action to improve your customer service.

       One way to maintain long-term relationships with your clients is by keeping open lines of communication. This means asking them for their input and feedback on how things are going and how they feel about the service you’re providing. This can be accomplished by inquiring at the end of a transaction or during day-to-day conversations. The format matters less than the actual act of it, so work it into your note business and fine tune as you go along.

       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

Are Real Estate and Notes Connected?

        Real Estate and Notes are definitely connected. After all, real estate is the security for the notes we buy and broker.  If you know me at all, you already know I keep very detailed statistics for my note business.  There are also tons of statistics on the real estate side of the business and I watch those as well to compare them to... Read More...


Question of the Week

Q - Hi Jeff,

          First off, let me say thanks for the check and allowing me a larger commission than I was due. As I look at the deal, I tried to use the 1.5% of the balance of the loan as a benchmark for covering costs (Secrets of Paper 101). Is this still a good rule or should this number be higher? What about deals where a seller would like to use a title company or attorney for the closing? How much would one factor in for this? Any thoughts would be appreciated.

                                                    ~ Eugene
A - Hi Eugene!

          Thanks for the email!  On the transaction we just closed the costs were above normal. Usually the 1.5% guess-timate more than covers the expenses. That deal had many hurdles and extra expenses to get everything in order. That high of a percentage of expenses doesn't occur very often. Except on commercial properties where the appraisal fees are much higher than a residential appraisal. When a seller wants to close it with an attorney or title company we will pay up to $100 of the cost of that. After that the seller has to pay for it. When the seller hears they have to pay for it all of a sudden they don't mind doing it through overnight mail. Hope this helps!

                                                      ~ Jeff


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 2015, click here to start growing your note business today!


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