www.armstrongcapital.com

 February 24, 2016

www.secretsofpaper.com

     Volume 5  Note-able Newsletter  Issue 8     

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

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

     

       Negotiation starts from the moment you first connect with a note holder. "Scripts and Tips - A Handbook for the Serious Note Broker" was written to help you with just that. Every month I am asked about what to say to note holders when they contact you on that first phone call, when gathering information, giving the price and negotiating.  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.

 

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

Tip of the Week

         

Did you know...

 

       There is no easy way to get good at talking to note holders, building rapport and negotiating.  You must memorize, practice, role-play, implement and adjust accordingly.

 


 

Upcoming Events

 

TBA 2016

     New York, NY

 

TBA 2016

     Scottsdale. AZ

 

TBA 2016

     Chicago, IL

 

September 24, 2016

     Atlanta, GA

 

December 17, 2016

     Sacramento, CA

 

TBA 2016

     Los Angeles, CA

     Secrets of Paper


Quote of the Week

 

Life is to be lived. If you have to support yourself, you had bloody well better find some way that is going to be interesting. And you don't do that by sitting around.

Katharine Hepburn



 President's Corner

       Note Professionals and their businesses are always looking for new ideas to expand their "menus" without the cost of learning from the school of hard knocks. Within the note industry there are many different niches to be explored but one cannot do all of them to be an expert.  Most people know that I only purchase and broker individually held first position seller financed notes secured by real estate where the seller of the property carried back the note to facilitate the sale of the property.  However, if someone contacts me (and they do) with a non-performing note, with a second position note, with a non-seller financed note, with a loan request or with a tape, package or portfolio do I turn away the business and just say , "no, sorry, I don't do that"?  No, I do not.  I refer them to someone that might be able to help them and possibly earn a referral fee.  Networking is partially about finding more business for your self (more notes to buy and broker) and it is also about connecting with people who do other things so that if something comes across your desk that you do not do you can always still try and assist those people with whatever it is they are looking for.  By referring people to others you can easily enhance the bottom line of your note business. Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


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.


 

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Feature Article

Note Business Technology

       In the mid-2000’s note brokers and note investors alike were becoming more computer and internet savvy.   If you didn’t have a website you were not in the business.  Email between note brokers and note investors became the preferred way to communicate.  Sending and receiving worksheets and even sending initial packages as attachment to an email became more acceptable instead of overnight mail. Read More...


Question of the Week

Q - Hi Jeff,

          Have you had any success brokering a note secured by land in Indian Reservation land? If so, I may have a referral for you.

                                                      ~ Marce
A - Hi Marce!

          Thanks for the email!  Honestly, I have had some success with that on a couple of occasions.  There are not too many investors that will buy a note secured by land in an Indian reservation and those that do have quite a few restrictions before they will even consider it. It is not something that should be a large part of your marketing plan. Maybe you will get one done once in awhile.  Hope this helps! TWITA!             

                                                      ~ Jeff


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