www.armstrongcapital.com

May 29, 2013

www.secretsofpaper.com

 Volume 2          Note-able Newsletter        Issue 22

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 only thing better than qualifying a note holder & their note is disqualifying a note holder & their note!


Product Highlight

       So you've decided to follow your entrepreneurial spirit get into the seller financed note industry. 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 May you will also receive the Glossary of Note Terms E-Book for FREE!

Upcoming Events

 

 

September 2013

     Chicago, IL

     Secrets of Paper

     Dates TBA  very soon!

 

2013

     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

Whether you think that you can, or that you can't, you are usually right.
                                                                   ~ Henry Ford


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

          With spring fully underway across the country people start thinking about their summer vacations.  And what do people need for summer vacation? Money and cash. You should be expecting some of the note holders that are contacting you to want money for their summer vacations. Be ready to ask them about how much cash they will need for that trip to Yellowstone, Hawaii or Lake Tahoe. :) 

            We are seeing some positive signs in some real estate markets across the nation that real estate values are starting to level off and that will really help the note business.  When we can get a better percentage of property values to appraise for what the note holders actually sold their properties for we will be closing even more deals. Can you say, "rolling in it"? TWITA! :)

            In the note business we are inundated with paper. Even as we try to be green and paperless by doing more and more things things on the computer there are times when we will still find our desks literally buried under papers from time to time. So in the spring cleaning spirit, this week I have some suggestions for you to keep yourselves from being buried by paper. 

            My desk is piled with mail, notes, worksheets, deals, call lists, article ideas, projects, sticky notes, etc.  In order to dig out from being buried by paper we have to end our addiction to hanging onto stuff.   To get rid of stuff, you have to be decisive, even ruthless.  Start by reading your mail over the recycling bin, trash can or shredder which makes it easier to toss.  Being ruthless doesn't make you a bad person; it's OK to throw out old birthday cards you've received without guilt.

            Ask yourself, "if I'm going to get rid of it someday, why not today?"  You know that box of envelopes printed with an outdated address you plan to find a use for someday? Someday is today, it's better use is to be recycled!  If you can't bear to part with something put it in a "use by" dated folder.  Then the next time you're on a cleaning binge, if the date has passed, you toss it.

            The ideal to strive for is to handle papers just once.  So don't think of yourself as reading the mail but processing mail.  Keep everything you need to deal with the mail handy - file folders, envelopes, stamps, post it notes and especially that trash can!

            We can't become completely paperless but when we can sit down at our desk and feel like we are organized and everything is in control we will be able to focus better on our business.  Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


Feature Article

Interview by The Paper Source

          What does your company do?  Armstrong Capital purchases and brokers real estate secured notes on the secondary market.  We are also a Master Buyer willing to assist new brokers in the industry become knowledgeable and successful in the seller financed note (private mortgage niche) of the cash flow industry.  Read More...


Question of the Week

Q – Hey Jeff: 

          I have a couple of quick questions... if a deal I'm working on begins the closing process, but doesn't actually close, do I pay the cost of appraisal and title search out of pocket? Thank you.

                                                                   ~ Don

AHi Don!

          We usually guesstimate closing costs to be about 1.5% of the balance of the note on average. Actual costs may vary.  When working with Armstrong Capital and we are unable to get the transaction closed we normally eat the costs ourselves. When a transaction closes, obviously the costs are subtracted from your fee. IF a seller backs out of a transaction for NO reason we will send them an invoice for our expenses as well on a case by case basis. The only reason we would ever ask a broker to reimburse us our fees on a cancelled transaction if if he/she tried to hide something relevant to us or we find out the broker gave us bad information on purpose. Then of course we would also never work with that broker ever again. (Has only happen twice in 21 years so not too likely). Just run your business honestly, ethically and straightforward and you will reap the benefits! Hope this helps!

                                                                   ~ Jeff


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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