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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...
One of the reasons people fail
in the note business is because
they demand far greater results
than they can immediately
obtain. Avoid this mistake by
taking small incremental steps
towards what you ultimately want
to achieve.
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
“Great
minds discuss ideas;
average minds discuss
events; small minds
discuss people.”
― Eleanor
Roosevelt
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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 second tip is to
Prepare and Practice. Keep your
eyes open for opportunities to
negotiate, and when you see one,
step up! Practice negotiating
small, everyday things, such as
deadlines or overcharges on
bills. That way, you’ll be more
relaxed at the negotiating table
when there’s more at stake.
You’ll also feel more confident
if you’ve done your homework
beforehand. Show up to
negotiations prepared for
anything, and ask plenty of
questions.
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
Keep a Piece of the Action
In order to stay in business as
a note broker in the field of
private mortgages a broker needs
to make money now and be able to
make money in the future...
Read More...
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Question of
the Week
Q
- Hi Jeff,
Based on what you know about
the current market for notes, what would you say the average fee is that a
broker should expect to make per note? I've been told its $2500-$4500 depending
on the note but I wanted your thoughts.
~ Gil
Hi Gil!
Oh man, I love questions
about my note business statistics. So here you go... In my 23 years of brokering
notes my average gross commission as of the end of 2013 has been $3,880 gross
(less costs) in percentages it has averaged out to 7.76% gross. If I break it
down to full purchases VS partial purchases my average commission on full
purchases has been $2,276 and my average commission on partial purchases has
been $6,929. And 75.6% of my closed transactions have been partial purchases.
Realistically, what it really
comes down to when you are trying to decide on how much you should deduct for
yourself is what looks good to you, what is fair, what is your competition
offering and how many transaction you would like to close this year. This
business is a big numbers game and I personally would rather close 10
transactions at a $2,000 commission each than 1 transaction for $10,000. 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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