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Quote
of the Week
“It
is amazing what you can
accomplish if
you do
not care who gets the
credit.”
― Harry S.
Truman
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President's
Corner
When starting your Note Business
and after you have done some
research and made a plan you
will probably have lessened your
fears and anxieties a bit. If
you still feel like you can’t
get started ask yourself: what
is the worst that can happen?
A lot of the fear we feel before
getting started comes from fuzzy
and foggy thoughts about what
could happen. But if you
actually imagine the worst
scenario then it’s often not as
frightening as you thought. You
won’t die or anything. And it
won’t ruin the rest of your
life.
Imagine the worst scenario and
then try to create a plan how
you could get on your feet again
if that scenario, against all
probability, should happen.
You’ll probably realize that
whatever your fear is you could
probably get back on your feet
and back to normal life pretty
quickly once again.
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. |
 
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Feature Article
So You Think You Can Be a Note
Broker?
Congratulations! You have
decided that you want to be in
the note business. You have
specifically decided you want to
be a note broker and negotiate
first position Seller Financed
Notes secured by real estate
that came about when the seller
of the property carried back the
financing to facilitate the sale
of the property...
Read More...
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Question of
the Week
Q
- Hi Jeff,
I noticed 2 sales by owner craigslist ads which look interesting: 1 family house
for sale by owner who will work the buyer's agent and another ad with three
properties for sale.? Owner states they want to relocate and do not want the
stress of maintaining the properties. One is a commercial property and all
properties are occupied. Do you think I should contact these owners and how
should I approach them because they are FSBO ads?
~ April
A - Hi April!
I will keep it short.
What you are talking about is a technique called Reverse Ad Marketing. By look
in in classifieds, online listings like craigslist and others and finding
properties for sale that ALREADY REFER to seller financing, owner financing,
owner will carry, seller will finance, OWC SWF, etc... Once you find them you
can call them and educate them on how to properly structure their note and sale
so that WHEN they have a note it will be the most valuable note possible and
they can sell it to you for the least amount of discount.
You DO NOT want to call FSBO
ads UNLESS they have the above mentioned verbiage. Otherwise you have to number
1 convince them to carry back a note AND number 2 convince them to sell it at a
discount. It's tough enough to convince them of either but to convice them of
both to carry back a note AND take a discount would be extra tough to convince.
The Reverse Ad marketing
method for notes can work, just know that this method is a VERY huge numbers
game, hundreds and hundreds of calls to hopefully get one deal closed. 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
2016, click here to start growing your note business today!
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