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Tip of the Week
Did you know....
You will never buy a note from
someone that doesn't need the
money.
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Upcoming Events
January 21, 2012
New York, NY
RE and Note Intensive
March 17, 2012
Chicago, IL
RE and Note Intensive
Spring 2012
San Antonio, TX
Note Symposium
May 2012
Los Angeles, CA
Secrets of Paper
September 2012
Chicago, IL
Secrets of Paper
Coming Soon
Exclusive
Note-able Membership
with Videos, Training
Tools
and Support! |
Quote
of the Week
"Associate yourself with
people of good quality if you esteem your own
reputation; for 'tis better to be alone than in bad company."
- George Washington
 President's
Corner
I
hope you are enjoying the new
Note-able Newsletter format and
that the added information every
week is useful and will help
your note business grow and
survive. The industry has
come a long way, it isn’t in its
infancy anymore but it is still
in its toddler stages. As far
as we have come we still need to
hone our skills and sharpen our
expertise to become more
proficient and more efficient.
With lots of things to
discover, learn and test we have
a lot to look forward to in this
industry. It is a time for us
to move forward, onward and
upward. The outlook is very
bright for the Note Industry and
its participants. Over the last
few months I have reflected on
the past successes and failures
in order to forge ahead and
create the future path of
Armstrong Capital as well as the
note buying and note brokering
business. I look forward to
being a part of it with you.
I would like to extend an open
line of communication to
everyone to keep this newsletter
fresh and informative. Please
feel free to
contact me with any ideas,
suggestions, or information that
you feel is note-able to the
industry as a whole or things
that you would like to hear
about or see in the newsletter.
If you are in the New York
Tri-State area and you are free
on
Saturday January 21st I will be
speaking at a Note Business
Intensive in mid-town
Manhattan. I have not spoken on
the North East in a couple of
years. It will be an eye opening
day with detailed information on
what exactly is going on in the
note business today. I hope you
will be able to join me! Remember, Success Demands Action! Keep
on marketing, it’s going to work! TWITA!
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Feature Article
Refresh Regarless
It’s the beginning of the year
and time for those New Year’s
Resolutions again.
This is a time of the year to
start or restart working
towards your goals and resolutions you
made last year but didn’t quite
accomplish. It the time of year
that you and your business can
come alive again! Have you
fallen into a rut? Climb out
Has your note business
stagnated? Get it moving! It is
the perfect time to recharge
your batteries, revive your
spirit and reexamine your
bottom line.
Many words with the
prefix “re” apply to the New
Year: that’s because, according
to the dictionary, “re” means
again or anew. It is time to
once again take a chance for a
fresh start – in our personal
and our business lives. So
let’s talk a little about how to refresh ourselves
and our note businesses and make
the most of the New Year.
Much of our lives
are dominated by routine, often
lulling us into boredom. When
you first started your business,
were you challenged, engaged,
excited? Now do you feel like
you’re just going through the
motions? If so
Read more... |
Question of
the Week
Q
- With the changes in the market recently, what are the most important
parameters of a perfect note to broker, and how do they relate to each other
(the variables)?
- T. Boyer
A
- Here's the way I see it right now in order of importance:
1) Down payment (really nothing less than 5% down but of course we prefer more)
2) Payor credit (600+ credit score only, very tough to sell a note with less)
3) Terms (we are seeing way to many interest only for short term notes, you know
4% interest only with a balloon in 12 months, where are these people going to
refinance in a year?)
4) Property type - collateral (very tough to sell a raw land note right now,
possible but tough)
5) Geography (Michigan, Ohio, Indiana, Las Vegas very tough to get a note sold there,
possible but tough)
6) Full or partial (most deals we are closing now are partial purchases)
7) ITV (the reason for more partials being done, we don't want to be in a
property too much because the value of the property keeps going down, so we
lessen the risk by keeping ITV lower than usual for now)
8) Seasoning and Pay History (always a big factor)
9) Note Size (tough to fund anything over $300,000 right now - investors don't
want to lay out a half a million for a note right now, except for the companies
who are only buying $1 million plus notes)
10) Yield (lots of prices we are seeing are based on ITV rather than a specific
yield requirement)
11) Cash required to purchase note
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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
2012, 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 to see answered in this
newsletter just
email Jeff!
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Note Business with the
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