Did you know....

       The more times you get a Note holder to say yes to minor questions ("Does that sound fair enough?". Do you like what you've heard so far?") the more likely they will say yes to your major closing questions ("Are you ready to get started?", "Are you ready to move forward?").

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President's Corner

       Over the last couple weeks I mentioned what I believe to be a couple of qualities of good note professionals including honesty and passion.  Two additional qualities of a good note professional are they are Tenacious and they are Risk Takers. 

       Successful note professionals are tenacious.  They pick themselves up and dust off the fear, anxiety and self-loathing that may have seeped in from yesterday’s events. They look rejection straight in the eye and roar into the day that can and will be.  Successful note professionals are resolute in what their vision of tomorrow should look like. They are bold, brash and indifferent to the small voice in their head telling them to let it go, pack it up and move on.

       Good note professionals are Risk Takers.  Building a note business will not allow you to take a back seat to opportunity. Building a successful note business requires that you step out in faith and embrace risk, better yet, calculated risk. It is all about taking the risk and reaping the reward.  Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!

Question of the Week

Q - Hi Jeff,

          Is notes investing basically for passive income? Or should I try another real investing strategy to build to cash. I eventually want a passive income but I need cash right now.

                                                           ~ Joseph

A - Hi Joseph!

          Thanks for the email! In short, yes, investing in notes is for passive income. In fact it is for what I call extreme passive income - no tenants, toilets, termites or taxes!  However, to get to the point of the passive income you need to have the cash to buy notes for yourself.  Most individuals start in the note business by brokering notes and once they have compiled enough cash to buy a note then they start buying notes for the passive income.  And don’t be fooled, you do not need a lot of cash to buy notes sometimes.  Last year we bought a $13,000 note for only $4,000! It can and does happen. If you need cash right now this business most likely will not get you what you need.  This is a real business and you need time, effort and money (for the marketing) to start making money and become successful at it. Hope this helps! TWITA!     ~ Jeff

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