www.armstrongcapital.com

June 12, 2013

www.secretsofpaper.com

 Volume 2          Note-able Newsletter        Issue 24

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

Upcoming Events - Subscriber Question - Product Highlight


 
Tip of the Week

 Did you know....

      The most effective note negotiating presentations are the ones that have benefits and questions. You can do both at once. After explaining your services, begin your questions with, "Do you see how you will benefit by..."


Product Highlight

       Negotiation starts from the moment you first connect with a note holder and to help with that "Scripts and Tips - A Handbook for the Serious Note Broker" is what you need.  Every month I am asked about what to say to note holders when they contact you on that first phone call, when giving the price and how to negotiate.  In addition, the book lists for you more specific questions for certain situations and property types including condo's, commercial properties and land. It also spells out a few of what I call "magic" questions to help you determine that all important motivation or need that the note holder must have if you are ever going to get them to accept an offer on your note.

Click for more info and to order TODAY! When you order in June you will receive the E-Book version for FREE!

Upcoming Events

 

September 20-22, 2013

     Chicago, IL

     Secrets of Paper

    

2014

     Los Angeles, CA

     Secrets of Paper

 

April 25-26, 2014

     Las Vegas, NV

     Paper Source

     Note Symposium

 

Watch for Exclusive

Fred Pryor CareerTrack seminars

facilitated by Jeff,

details coming soon!

 

Ask Jeff to come and

speak or teach

to your group or

at your event!

 

 


Coming Soon

Exclusive

Note-able Membership

with Videos,

Training, Tools

and Support!

 


Quote of the Week

If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much.
                                                                       ― Jim Rohn


Learn to invest in and broker notes... the

Secrets of Paper 201 Home Study Course is

Your Launching Pad to Success in the Note Business!

Always includes SOP 101 audios - Introduction to the Note Business PLUS when you order SOP 201 in this month you will also receive the "Art of Target Marketing for Note Holders" 5 part video series

(regularly $99) for FREE!


President's Corner

          Wow, can you believe it is June already, time is sure flying by this year.  With the unofficial start of summer you should see a slight increase in your volume for people that are trying to get money to go on summer vacation so be ready for it.  Now more than ever it is important to be able to adapt and be a leader for your company and for the note business in general.  The note industry is such a small niche of the real estate industry that sometimes our voices can get lost in the shuffle.  This week I'd like to share with you my thoughts on your leadership role in the note industry.

 

The Power Of One - You come pre-qualified to make a difference.

        It's easy to be overwhelmed when we look at "the big picture."  Global warming, world peace, personal illnesses, new state and federal regulations, the national real estate market and other issues can all make us feel powerless.  Based on the sheer magnitude of some obstacles, it is natural to feel threatened or that your individual contribution does not count.   But in reality, it can count, because the sum can be greater than the individual parts!  That's where the "power of one" principle comes in.

        If each of us becomes aware of our own power to help change issues, then we can collectively make a big difference.  By taking individual responsibility and changing our behavior in small ways, we can shape major changes in our lives and in our profession.  Think about the great people who have made a difference in your professional or your personal life.  They inspire you, set the pace for performance, and guide you down the right path.  That person is called a leader.

 

"C" Yourself Leading

        In his book Where have all the leaders gone? Lee Iacocca (with Catherine Whitney) defines what he sees as the "nine C's of leadership," surprisingly basic qualities that many of us possess.  I've included these on my list of what it takes to lead.

 

            Curiosity - Step outside your comfort zone to hear different ideas and test your beliefs.  Be an effective listener who withholds judgment until you completely comprehend an issue.

            Creativity - Be willing to try something different.  Think outside the box. Leadership is all about managing change, creativity and adaptability.

            Character - Know the difference between right and wrong, and have the fortitude to do the right thing.

            Courage - Take a position you believe to be right, even when you know it is not popular.

            Conviction - Passionately, steadfastly believe in what you do.

            Charisma - Take advantage of your ability to inspire, and lead people to trust you.

            Common Sense - Use your ability to reason.

            Crisis - As the saying goes, "Leaders are made, not born."  Leadership is very evident (or not!) in times of crisis.

            And lastly, be competent and communicate well.

 

Ok, that's ten but you can see the basic qualities that many leaders possess, the one's that you have and the one's you might need to work on. 

   

Leadership in Action

        You already have the power within you to affect great changes in your life, in your profession and in the world.  All you have to do is use it!  I encourage you to apply these skills as a member of the note industry, and of the cash flow industry at large.  The note industry together with the NoteWorthy Newsletter and the Paper Source is a fine example of how many individuals can work together to make great change on behalf of all individuals in the business.  If you are already a practitioner and actively involved in the industry, then I encourage you to use your influence and reach out to the next industry professional you come across and inspire him or her to make a difference.

        The power is in your hands.  That's it for this week! Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


Feature Article

Focus Leads to Success

          Focus is defined as to cause to be concentrated. As it relates to the cash flow industry you will need to focus on several things to become successful. First and foremost you must try and decide which of the more than sixty different income streams are the one that you want to focus on. Can we as note brokers and consultants do every income stream? Read More...


Question of the Week

Q – Mr. Armstrong,

             I have a financial question and was hoping for your opinion. I have some money that has been sitting in my 401K account, and I thought it would be a great idea to take that money out and get into the note business. It's not much money, close to $15k, but after speaking with my accountant, I learned that I would only receive about half of that if I take it out. My concern is not only that there is no guarantee that I will see that money upon retirement (pending an economic disaster), but I also don't want to be contributing to the government/accounting/banking machine (for moral and social reasons). So... what is your opinion (and I realize it is just an opinion)? I don't really mind the loss if I could realistically make that money back fairly quickly and be able to engage in a more profitable/sustainable business. I would like to have a bit of security in a "nest-egg" for retirement, and it really comes down to whether I trust my 401K will grow sufficiently in 30 years or if I can do a better job of it investing on my own. Any advice?

                                                                    ~ R. Martinez

AHello!

          Keep in mind that the Note Business is a real business and as you stated there are no guarantees. With a real business you need to put in time, effort and money to get it going and to grow and survive. I can tell you that this year is already proving to be better than last year which was also better than the previous two years for me in the note business. Since 1991 I have seen lots of changes and many ups and downs but it always seems to bounce back and has at least been steady. The next wave is coming, more investors are stepping up to the plate and more notes are being created this year than the previous 3 years combined, up about 25% from our calculations. So if I am hearing you right, you are asking me if you should take the hit on the $15,000 and end up with $7,500 to start your note business, well I can't make that decision for you. My statistics show me that with proper guidance and mentoring my students and people I mentor get off to a great start and it still usually takes 3-6 months to start seeing transactions close for them. I tell people that a good first year would be $36,000 gross. That is with my guidance and assistance and spending $1,000 per month on marketing for at least 6-12 months straight. Can it be done with less? Sure, but then you can expect less return. I don't want to scare you off but just make sure you are being realistic when you jump in. I am more than happy to help and assist in any way I can. Hope this helps!

                                                                   ~ Jeff


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