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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 March 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...
Permission based selling is when
you get your note holder's
permission to give and continue
a presentation (first phone
call, negotiating, giving
prices, etc.). Say things like,
"Would you like to hear the
options have for you?
Shall I continue? Do you like
what you hear so far?"
Upcoming Events
April 30-May 2, 2015
Las
Vegas, NV
Paper Source
Note Symposium
TBA 2015
New
York, NY
TBA 2015
Atlanta, GA
TBA 2015
Scottsdale. AZ
TBA 2015
Chicago, IL
TBA 2015
Los
Angeles, CA
Secrets of Paper
|
Ask Jeff to speak,
energize,
motivate,
teach and train your group!
Quote
of the Week
“Man
often becomes what he believes himself to
be. If I keep on saying to myself that I
cannot do a certain thing, it is possible
that I may end by really becoming incapable
of doing it. On the contrary, if I have the
belief that I can do it, I shall surely
acquire the capacity to do it even if I may
not have it at the beginning.”
― Mahatma Gandhi
 President's
Corner
Networking is an important part
of growing a successful note
business. Effective
networking involves building
mutually beneficial
relationships, not just
exchanging business cards.
Note Professionals should zero
in on the following areas when
building their network:.
Note Holders. Loyal note
holders can provide repeat
business, valuable feedback, and
important referrals, so keeping
them satisfied is vital. I
have received many transactions
from past note holders in the
last 24 years. Don't
forget about them!
Community. Active
networking in your local area
and within your community not
only raises awareness about your
note business, it can also be a
goldmine for referrals. Keep in
mind that a community can be
defined as a physical place like
your city or neighborhood or it
can be a virtual community, such
as Facebook or Twitter.
Vendors. Your note
business will benefit all around
if your vendors feel like an
important part of the team.
Your vendors might include title
companies, appraisers, printing
companies, processors, etc.
Competition. Whenever
possible, it is wise to make
your competing note
professionals your ally and not
your enemy. If the
competition trusts you and your
note business maybe they will
refer overflow note holders to
you, maybe they will bring you a
note holder who has a difficult
note that they are not able to
find a home for or maybe they
will come across a note holder
who requires expertise that you
offer and the competitor
doesn't.
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
Are You Prepared to do the Time
You’ve done your marketing
properly and the phone rings.
You do a good job of gathering
the information, getting the
story behind the note and
finding the sellers need on the
first phone call. You proceed
to get some good options from
your investors that you believe
will exactly meet your note
sellers need. With confidence
in your voice you call your note
holder back and explain the
options like a real note
professional. But, the seller
says...
Read More...
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Question of
the Week
Q
- Hi Jeff,
Got an easy question, for you I’m sure it’s an easy one. Yield and ITV what are
they? I have a bunch people trying to make up all the money they lost in the
market and need a good explanation of Yield and ITV. Thanks!
~
Bob
A -
Hi Bob!
Thanks for the email!
Great question!
ITV or Investment-to-value ratio is a measure of how secure a creditor's
position is and how likely the creditor is to recoup all of his or her money in
the event of a foreclosure. It is the amount of the investment (purchase price
of the note) divided by the value of the collateral (initially the sales price
of the property). The lower the ITV the less risk of losing any money.
Yield in its simplest form is basically the interest earned by the note buyer on
the investment expressed as a percentage (also known as rate of return in
lending arenas). 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
2015, click here to start growing your note business today!
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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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