| |
Quote
of the Week
“Productivity
is never an accident. It is always the
result of a commitment to excellence,
intelligent planning, and focused effort.”
~
Paul J. Meyer
 President's
Corner
Being the owner of a Note
Business often requires you to
wear many different hats.
However, it is important to
focus on your main objective,
which is to turn a profit. This
week is my second of four
suggestions of elements of a
Note Business that you might
want to keep at the top of your
priority list. For this week
the priority element is to
focus on your local market.
In the note business we work
nationwide and sometimes we
forget to continue to develop
our local market as well. The
strategy is to help real estate
professionals find solutions for
their clients that seller
financing could solve, keep them
close by so your business can
easily maintain a relationship
with them, and efficiently
promote referral business. Here
are a few ideas on how to tap
your local market. Real estate
businesses often hold weekly or
monthly meetings and are usually
on the lookout for a speaker to
come in for 5-10 minutes during
these meetings to educate the
staff about different topics.
Consider real estate company
meetings, local REIA’s, title
companies, escrow companies,
real estate attorneys, estate
planners, CPA’s, accountants,
etc. They can all be targeted
locally to develop local
referrals for your note
business. Remember, Success Demands
Action! Keep on marketing, it’s
going to work! TWITA! |
Would You Like to See Your Ad
HERE?
Email Us!
|
|
Feature Article
Don't Hide The Facts
During the due diligence process
you, as a note
broker/consultant, have a
responsibility, no a duty, to
provide your funding sources
with all of the information that
you receive from the note
holder. Whether the information
is good or bad, positive or
negative, inconsequential or
notable you must pass it on to
the funding source...
Read More...
|
|
Question of
the Week
Q
- Hi Jeff,
I'd really like your feedback on the topics below:
1 – What will the demand and pricing look like for non-compliant QMR loans on
the secondary market?
2 – What will be the top 10 markets for home price appreciation in 2014?
3 – What will the GDP and 30F mortgage rate be at the end of 2014? Blessings,
~ Richard
A
-
Hi Richard!
Great questions! I may not be the most qualified to answer these questions but I
can definitely give you my opinion.
1 - In the last quarter of 2013 I saw more investor interest and appetite for
seller financed notes on the secondary market. I have also seen maximum pay
prices for full purchases from several investors go up from a max of 80 cents on
the dollar to up to 85 cents on the dollar for some notes (obviously the better
quality notes).
2 - For the top 10 markets in home appreciation read this...
http://www.clearcapital.com/company/MarketReport.cfm?month=January&year=2014
3 - My guess-timate is that the mortgage rates will be at or near the same
levels they are now, MAYBE go up a little but less than 1%.
Hope this helps, just my opinions!
~ 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!
|
|
If you have missed any of our
Newsletters click here for our
Archived Monthly Newsletters!
|
If you have a note business question you would like to see answered in this
newsletter just
email Jeff!
|
|
Get started in the
Note Business with the
Complete Note Business Starter Package - includes consultation's with Jeff!
  
|
|
|
