Note Business Tip of the Month
May 2011
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If you have a question you would like to see answered in this newsletter just email Jeff!
*Tip of the Month:
Did you know....
The Days of “buyer beware” paper and Note Investors chasing it are OVER. No need for false starts on your note brokering and note purchasing efforts.
*Quote of the Month:
"Internal marketing is probably much more important than external marketing.
That's even more true today than it's ever been."
~ Tom Stewart
*Question
of the Month:
Q - Hey Jeff....
I saw your name on LinkedIn regarding the purchasing of notes. I was wondering if you would set up a line to purchase notes or collateralize notes as they sold. I am interested in offering seller financing so that when a purchaser comes in we could offer to finance a lot for them at a competitive rate, close them quickly with 25% down and then draw against the line using the note as collateral. Our lots sell for about $200k to $500k. For example, if a lot sold for $300k, we received $75k down and then financed $225k. At that point we would draw a percentage of that off the line (80%?) or even sell the note. Do you know anyone who would be interested in that idea? Thanks for your time.
- Todd
A
-
Hello Todd!
Thanks for the email! Unfortunately at this time in the current real estate
market and economic conditions I do not know of anyone that would do what you are asking. For
one reason, it's just a lot with no structure or improvements on it at all. For another reason we would need at least 6-12
months seasoning before we would even consider buying the note and then most
likely only a partial up to about 50% of the note. Sorry I couldn't be of more
help on this one.
- Jeff
Jeff's Speaking and Instructing Schedule
Location Date Event
(click for info)Scottsdale, AZ May 18-22, 2011 Real Estate College
Scottsdale, AZ June 22-26, 2011 Real Estate College
Los Angeles, CA September 2011 Secrets of Paper
San Antonio, TX ? Fall 2011 - tbd Note Symposium
Los Angeles, CA December 2011 Marketing Me
Contact Jeff today for information about having him Speak or Teach to your group!
At the recent Note Symposium I offered some spring specials to the attendees on my product packages and mentorship and I would like to extend them to you.
Note Business Marketing Assessment Regularly $297.00 - Spring Special $149 Order Now!
(complete review, critique and suggestions of your marketing plan and materials)
Secrets of Paper 101 Regularly $149.00 - Spring Special $100 Order Now!
(includes 4 audio discs of live beginning 1-day workshop)
Rainbow Package Regularly $179.00 - Spring Special $130 Order Now!
(Includes Scripts & Tips, Every Single Note Marketing Idea in the World - almost,
Personal Cash Flow Prosperity, Note Holders Handbook, Glossary of Note Terms)
Total Package Regularly $365.00 - Spring Special $175 Order Now!
(SOP 101 audios PLUS Rainbow Package)
One on One mentorship/coaching w/Jeff Armstrong Regularly $3,995.00 - Spring Special $2,100 Order Now!
(includes total package as stated above, click here to view mentorship flyer)
If for any reason these buttons do not work please send an email to info@armstrongcapital.com and we will make sure you can take advantage of these special offers.
Jeff Armstrong is President of Armstrong Capital. He is a member of the Million-Dollar Club, a Master Buyer, visiting instructor for the American Cash Flow Institute, instructor for Nouveau Riche and the author of several best selling industry books. He can be reached by calling 818-865-2322, faxing 818-449-4840, e-mail jeff@armstrongcapital.com, or visit www.armstrongcapital.com and click on "Note Brokers" for answers, articles and information about his services and how Armstrong Capital can help you succeed.
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