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Resource Highlight
In easy to
understand language, the topics
that are discussed in the Note
Holder's Handbook include:
·
How much is your note really
worth?
·
Why record keeping is vital
to your note's value
·
A simple technique that can
avoid tax problems.
·
What to do when the payments
are late.
·
What to do if the payments
stop and when to foreclose
·
A simple step you can take
to verify the safety of your
note.
·
How to get top dollar if you
sell all or part of your
note.
The Note Holder's Handbook
also includes a Handy
Reference Data area to keep
all of the pertinent
information regarding the
note in one place AND a
simple to use Payment Record
chart to keep track of the
payments received. This
handbook is a must for
someone receiving payments
on a real estate secured
note as well as a fabulous
marketing tool for note
brokers and investors.
Click for more info and
when you
order in
August
you will also receive the E-book versions for FREE!
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Tip of the Week
Did you know...
Note holders seem to want things
they cannot have. Make it
difficult for them to qualify
for your time, knowledge and
business. If you do, they
will be more attracted to you
and your offers.
Upcoming Events
August 22, 2015
Seller Financed Notes
Stockton, CA
September 25-26, 2015
Seller Financed Notes
Atlanta, GA
TBA 2015
New
York, NY
TBA 2015
Scottsdale. AZ
TBA 2015
Chicago, IL
TBA 2015
Los
Angeles, CA
Secrets of Paper
|
Quote
of the Week
“Never
continue in a job you don't enjoy.
If you're happy in what you're
doing, you'll like yourself,
you'll have inner peace. And if
you have that, along with physical
health, you will have had more
success than you could possibly
have imagined.”
― Johnny Carson
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President's
Corner
A normal note purchase
transaction with no hurdles or
surprises and with prompt
responsiveness and cooperation
of the note holder takes about
3-4 weeks. Our average is
actually about 38 days from
signed initial agreement to
funding. Is there any way we can
make this any shorter?
Several years ago Warren Buffet
bought mobile home manufacturer
Clayton Homes in an
offer-to-close cycle of less
than two weeks for $1.7 billion.
Lots of Buffett’s deals are done
fast. The typical reasons he
does deals faster are because:
- He does his homework…and their
homework…the industry
homework…(you get the idea)
-
He understands the problems the
other person has and how they
are trying to solve them
-
He’s careful to only do deals he
knows he can win fast and stays
away from all other types
Maybe if we in the note business
follow Warren Buffett’s example
our deals will get done quicker
and with fewer headaches.
Getting our note purchase
transactions to close quicker
should not be left to just one
person to accomplish. That means
ALL of us should do ALL of the
above to make the process go
quicker and smoother once
accepted. The broker, the note
buyer, the investor, the
consultant, the processor and
whomever else is on your team,
it most definitely is a team
effort to get our transactions
to close and fund. Never forget
that.
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. |
 
Would You Like to See Your Ad
HERE?
Email Us!
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Feature Article
Time on the Water
There are things in the Note
Business (or any business) that
you can’t learn from a workshop,
book or video - things that only
experience and “time on the
water” can teach you... Read More...
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Question of
the Week
Q
- Hi Jeff,
I wanted to ask you what your thoughts on using an answering service to answer
your incoming calls when you are out of the office or on the other line. The one
I have in mind charges a nominal flat monthly fee plus $ amount for each
incoming call based on its duration. I can provide them with a script of what to
ask and say that I will be returning a call or just answer the phone so the
callers don't hang up if they get a voice recording. I am debating whether to
rehire a receptionist/assistant to answer calls as I am out doing business
development or busy on another line. I sensed from your newsletters that you
have a small office, but I can't recall if you operated with an assistant or
not.
~ Marce
A - Hi Marce!
Thanks for the email!
In answer to your question, I have never had a problem with just voice mail. No
need for an assistant or the extra overhead associated with one. It is my
feeling that if they NEED money they are going to leave me a message. I can tell
you that I did test for myself having an answering service several years ago and
it didn't hurt at all. I just would not let them fill out the worksheet for you.
Maybe just have them get the name, number and best time to call them back or
something like that. It is always best for you to be on the phone with the note
holders to gather the information and explaining things to them along the way
about how good or bad their note is and so forth.
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
2015, click here to start growing your note business today!
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If you have missed any of our
Newsletters click here for our
Archived Monthly Newsletters!
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If you have a note business question you would like answered in this
newsletter just
email Jeff!
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Get started in the
Note Business with the
Complete Note Business Starter Package - includes consultation's with Jeff!
  
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