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Quote
of the Week
“Life isn't about finding
yourself. Life is about creating
yourself."
– George Bernard Shaw
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President's
Corner
Every few years I run into a
situation that goes like this:
In the beginning the note holder
gushes over how much they
appreciate the creativity I
bring to their situation. Skip
ahead to the mid-point of the
negotiations where our ideas are
presented but not really
accepted. This transitions into
the note holder feeling that his
or her brilliant insight is
needed and a series of mediocre
ideas are offered up as the
solution. By this time, I'm
ready for this to be over -- so
I agree to move ahead with one
of the note holder-generated
ideas. And guess what? When the
idea is presented to investors
nobody likes it (just as I
knew). Even the note holder
whose idea has been realized
doesn't like it now. So
hopefully the next time I can
spot one of these in advance,
maybe I'll have the good sense
to just walk away and not spin
my wheels. Moral, avoid note
holders who think they are
creative.
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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HERE?
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Feature Article
Note Business Time Management
As note professionals we are
always looking for ways to
streamline processes. Chances
are good that, at some time in
your life, you've taken a time
management class, read about it
in books, and tried to use an
electronic or paper-based day
planner to organize, prioritize
and schedule your day. "Why,
with this knowledge and these
gadgets," you may ask, "do I
still feel like I can't get
everything done I need to be
getting done?"...
Read More...
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Question of
the Week
Q
- Hi Jeff,
Quick question, I have s borrower who needs to raise capital for a down payment.
He has a couple of notes in interest first position. What is the yield note
investors are looking for these days. Thanks
~ Mike
A - Hi Mike!
Thanks for the email!
It's not that simple, it depends on location, type of property, position of
notes, owner occupied or non-owner occupied, interest rate, length of term,
seasoning, credit of the buyer, etc. If first position on a AAA note secured by
an owner occupied single family home some institutional investors will go as low
as about 9% yield with 700+ credit of the payor and good valuation of the
secured property. That's at least a start. If you want exact possible prices
just have the guy or you go online to my website and fill out the online
worksheet for each note. Hope this helps! TWITA! ~ Jeff
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So you want to invest in or broker
notes?
Been trying for awhile with limited
or no results?
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training, mentoring, assistance and support services in the industry! Updated for
2015, click here to start growing your note business today!
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