www.armstrongcapital.com

 April 19, 2017

www.secretsofpaper.com

     Volume 6  Note-able Newsletter  Issue 16     

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

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

      

This note marketing manual will show you:

  • All of the important ways to spread the news about your note business.

  • How to contact note holders.

  • How to develop a pool of professional referral sources.

  • To build your business through centers of influence.

  • How to use the Internet in creative ways

  • How the professionals develop a profitable direct mail campaign.

  • To develop niche note markets no one else is taking advantage of.

  • Several ways to use a “Note Holders’ Handbook” in your marketing.

  • About note negotiating, unusual note profits, making presentations, and Much, much more...

Click for more info and to order TODAY! When you order in April you will receive the E-Book for FREE!

Tip of the Week

         

Did you know...

 

     Positive thinking without action is like kissing without touching.

 


 

Upcoming Events

 

April 20-22, 2017

     Renatus

     Salt Lake City, UT

 

April 27-30, 2017

     PS Note Symposium

     Las Vegas, NV

 

May 13, 2017

     Renatus

     Tucson, AZ

 

2017

     Secrets of Paper

 

TBA 2017

     New York, NY

     Scottsdale. AZ

     Chicago, IL

     Atlanta, GA

     San Jose, CA


Quote of the Week

 

Challenge is the pathway to engagement and progress in our lives. But not all challenges are created equal. Some challenges make us feel alive, engaged, connected, and fulfilled. Others simply overwhelm us. Knowing the difference as you set bigger and bolder challenges for yourself is critical to your sanity, success, and satisfaction.
                                                            ― Brendon Burchard


 President's Corner

       Here is a tip for all note professional, especially the new ones. Do NOT diss the investor.

          I got a call the other day and the note broker wanted me to accept a 15% yield. It may not have been an issue until he kept ranting saying things like, "if you are a serious investor" and "you would be stupid not to".

          That was it, I was out. Long story short, this person will never ever get a quote from me for a note or waste any more of my time.

       Here is a person with no experience, little knowledge (of which whatever knowledge he did have may have been incorrect) and no money of his own to buy the note telling me, a 26 year veteran in the industry, what I should do with MY money. I have plenty of notes coming across my desk every day and do not NEED to buy any of them.

       Keep that in mind the next time you get upset and feel like telling an investor what you think they should do. NEXT!

        More next week! Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!

          More next week! 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

Move Forward With Notes

      

This year in the seller financed note business I am looking forward to an increase in both volume and closed transactions.  Especially...Read More

Question of the Week

Q - Hi Jeff,

          Before I submit a worksheet to a funding source, I always go to Zillow, Homes and City-Data to try to get some idea as to current value. More often than not, BPO will come in not even close to value of sale price OR those 3 sites!! Frustrating as hell! Other than talking to a realtor in that particular city where the property is, how can I get a reasonable or realistic idea of current value BEFORE I submit my worksheet?
                                                      ~ Steven
Hi Steven!
           Join the club. Suffice it to say that there is NO website or place on the internet to go to get any kind of real TRUE market value. I look at the same sites and am constantly amazed at how inaccurate they truly are. In fact, I just lost a deal recently. It sold for $97,000 with a $17,000 down and an $80,000 note. Zillow, Home and City Data looked like it might come in for $68-$82,000. We were buying a small partial for $40,000 and THEN... the appraisal comes in for $20,000!!!! Deal cancelled immediately.
          So what can we do? Keep moving forward, keep pushing the partials, keep PASSING on rehabber notes and keep trying to get more deals in the pipeline. Right now, AFTER the credit check is approved, 1/3 of my deals are being cancelled due to lack of value STILL!!! No matter what the online sites say take it with a grain of salt. Hope this helps!
                                                       ~ Jeff


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