The end of summer is near and it’s time to get your marketing back into full swing. You have received the first call, compiled the necessary information, gathered quotes and negotiated with the note holder. If the note holder’s response is favorable to the prices you have given to him or her, the next thing I like to do is to give it to them in writing.

The following is my “Price Letter”. I send it to note holders if they seem agreeable to the prices I have given to them along with a business card and brochure. It gives you some credibility when you put the prices that you gave them over the phone into writing. The letter has the prices you gave over the phone and instructions on what to do next if they want to proceed.

I make a note on my worksheet when I sent the price letter and make another note to call them back in one week if they have not called me already.

SAMPLE PRICE LETTER

~Date~

~Name~

~Address~

~City, State Zip Code~

RE: $(face amount of mortgage) 1^st (position) type of property – City, State

Dear ~first name~:

Thank you for contacting Armstrong Capital! According to the information that you provided, the terms of the mortgage are:

Start Interest Current Balloon

Date Rate Balance Payment Amount

Our prices are as follows:

Full Purchase $Price to Seller

(# of ) Payments $Price to Seller (The note would return to you with a remaining balance of $________ and ___ payments remaining.)

Enclosed please find our analysis sheet for a more detailed look at what you will receive from our above prices. If you accept one of our prices within 30 days from the date of this letter we will give you an additional $500.00. All that is needed to start is:

- Copy of the RECORDED Deed of Trust or Mortgage

- Copy of the signed note - Copy of the title policy

- Copy of the closing statement - Copy of the hazard insurance

- Social Security # of the payor(s) - Copy of the payment record

All prices are subject to verification of information given and acceptance of credit, appraisal, and title. If you have any questions or need clarification on anything please feel free to give us a call at 1-800-845-3055. Funds are reserved for you so please send the information as soon as possible.

Sincerely,

Jeffrey R. Armstrong

(END OF PRICE LETTER)

I make a note when I drop it in the mail to them and give them a follow up call 3-5 business days after I have sent it to verify that they have received it and answer any questions that might have come up.

Next month I will share with you the analysis sheet (“Analysis of Cash Received by Note Seller”) that I mentioned in this letter. Until then, keep up your marketing efforts!

Jeff

P.S. Don’t forget to check out the 2005 Noteworthy Convention in Las Vegas September 22-25, 2005 at www.noteworthyusa.com.

Special Teleconference!!!

Call in and listen to a LIVE interview with Jeff on Thursday September 8, 2005 at 4pm Pacific time (7pm eastern) for about an hour.

The number to call in and be a part of the call is 503-767-1200 and the conference code to put in when prompted is 28937#.

You might get some useful insight into the business!

PLEASE NOTE OUR NEW FAX NUMBER AND ADDRESS
Armstrong Capital
800-845-3055
fax 818-865-2323
PO BOX 6517
Westlake Village, CA 91359
visit our website at www.armstrongcapital.com

For more great strategies, don't forget to check out Jeff's informative cash flow books for Scripts, Tips, Marketing ideas and more! Click here today! http://www.armstrongcapital.com/AC Products.htm

Jeff's Newest Book,

Personal Cash Flow Prosperity:

How I Successfully Run My One-Man Note Business

with Tail Ends: How To Keep A Piece Of The Action

is available online for only $67.75 at http://www.armstrongcapital.com/ or by clicking on the "buy now" button below

Also, be sure to purchase Jeff's book combo package which includes his marketing book "Every Single Profitable Note Marketing Idea In The World (almost)" and "Scripts & Tips" for ONLY $75.00 by clicking on the "Buy Now" button below

Jeff Armstrong is president of Armstrong Capital. He is a member of the Million-Dollar Club, a Master Broker, visiting instructor for the American Cash Flow Institute, and the author of three best selling books. He can be reached by calling 800-845-3055, faxing 818-865-2323, e-mail jeff@armstrongcapital.com, or visit http://www.armstrongcapital.com and click on "Note Brokers" for questions and information about his Master Broker services, Mentorship program how Armstrong Capital can help you succeed.

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