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Resource Highlight
You've heard about
notes but aren't sure if what
you heard is truth or hype.
Before you jump into the
unknown, this 6 hour audio set
will give you the reality of the
note business, information and
tools to decide if this business
is for you. Find out step by
step what it takes and how it's
done. Learn the good, the bad
and the ugly prior to committing
your time, effort and money to a
business that may or may not
work for you. Both
Entrepreneurs as well as for
Real Estate Professionals
(Realtors, Real Estate
Investors, RE Agents, RE
Brokers, etc.) will benefit from
the Note Business by using notes
themselves and encouraging
property owners to consider
Seller-Financing. You will
learn the basics of how to
create a good saleable note as
well as suggested property sale
and note structures.
Click for more info and to order
TODAY! When you order in October you
will also receive the
Glossary of Note Terms
E-Book for FREE!
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Tip of the Week
Did you know...
If you cannot solve a problem
for your note holder, then there
is no basis for him to do
business with you.
Upcoming Events
TBA 2015
New
York, NY
TBA 2015
Scottsdale. AZ
TBA 2015
Chicago, IL
TBA 2016
Los
Angeles, CA
Secrets of Paper
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Quote
of the Week
“Our
prime purpose in this life is to
help others. And if you can't
help them, at least don't hurt
them. ”
― Dalai Lama
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President's
Corner
There is something I learned in
the note business that I will
call the "80/20 Rule". Once a
note transaction is 80% of the
way to closing, almost every
progressive step after that
takes longer and longer. Going
from 80 to 90% can easily take
the same amount of time as going
from the start to 80%. Going
from 90% perfect to 95%, twice
as long again.
The little necessary but
monotonous stuff like verifying
taxes, hazard insurance and
balances. Granted, these and
dozens of other factors can make
the difference between good and
great but the problem is each
can eat up time which could be
spent on other tasks. So you
must decide "how good is good
enough" and have someone else
tackle those tasks for you.
Have
you noticed that most note
holders never mention the little
details which keep us awake at
night?
Killing yourself to produce
something 98% perfect for a note
holder who can't tell the
difference between 80% and 90%,
let alone 98% can be a
tremendous waste of resources.
Time
and effort grow exponentially
after 80%. A good note
closing processor does wonders
for a note business.
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
Building Toward Retirement in
Notes
I
talk a lot about how profitable
note brokering can be and that
is absolutely true, however,
true wealth and retirement
income will come in this
business buy owning the notes
yourself. Here is an example of
a small note and the passive
income it could generate...
Read More...
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Question of
the Week
Q
- Hi Jeff,
I really enjoyed your newsletters, especially this week. I have a question about
taking a "back end" or "tail end" position in a deal you discussed in your
Feature Article recently. I understand the concept and have actually done a few
of these transactions; however, I'd like to know how you secure your back end
interests in the deal? I have heard a few horror stories about note brokers who
have done these back end deals with investors or funding sources and at some
point the investor/funding source either 1) goes out of business, or 2) dies and
the estate or new investor who manages the assets or takes over the assets do
not recognize the note broker's back end equity position and forces them to
engage in litigation. How do you personally mitigate these worst case scenarios
and safe guard your tail end interests?
~ Nic
A - Hi Nic!
Thanks for the email!
Great question. The way I look at the back ends that I have is that I have
already received a commission on the transaction and anything that comes to me
in the future is gravy.
With that said I have had my share of lost back ends. To prevent this from
happening I only use reputable seasoned note investors and funding sources when
I take these back AND I follow up every year with the investor and ask how it's
going.
Additionally, when the investor closes the initial purchase transaction I ask
them to file and record a document called a "Request for Notice" at the same
time they record their assignment of the note.
This way whenever the note is transferred, pay's off or goes into default I have
to be contacted. Now this is not a fail safe depending on the title company or
real estate attorney (if any) searching the records when these things happen
there is still a chance we will not be contacted. At least we are trying to be
proactive to announce to the county that we still have a stake in the note.
I will also tell you that the investor does not have to record this for you. And
if they do not you can always send it to the county recorder to record it
yourself if you like. Either way, I take a day or two out of my summer
every year and personally follow up on all of my back ends. Hope this helps! TWITA! ~ 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
2015, 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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Note Business with the
Complete Note Business Starter Package - includes consultation's with Jeff!
  
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