Did you know....

              Sometimes it is necessary to actually pass on a potential transaction that just sounds too good to be true? (Because, it probably is.)

Product Highlight

       There are thousands of notes waiting to be purchased, but most of them are junk. Finding the good ones is like panning for gold. You have to wash a ton of gravel to find a nugget.  What does this mean? It means that you must have a marketing plan in place that will generate a steady flow of notes for your consideration. A powerful marketing plan!  Learn the secrets that top note brokers have been using to build a successful note business. Feel free to copy and adapt the many ideas in this book. Included is a CD Rom with the "Note Holders' Handbook" which you can make your own, and use in many different ways to get notes flowing to you like steel to a magnet!

Click for more info and to order TODAY!

Coming Soon

Exclusive

Note-able

Membership

with Videos,

Notes for Sale,

 Training, Tools

and Support!

President's Corner

       New note brokers and note brokers who have been in the note business less than two years often contact me about how hard the business is.  I explain to them that this business isn’t for everyone, it is a real business, it takes time to grow, it is not as easy as some make it out to be and that if they have the passion and are persistent it can be everything they want it to be.   

       But some want more than that, they want a guarantee that if they do this, that and the other thing they will make it.  No one can give anyone a guarantee. What ends up happening is the one’s that have a true passion and are willing to do what it takes will be the ones that are successful. I recently received the following in an email from a fellow note broker, I think it is insightful and a good idea of what it might take to be successful in life in general.

       Bill Gates recently gave a speech at a High School about 11 things they did not and will not learn in school. He talked about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.

Rule 1: Life is not fair - get used to it!
Rule 2: The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
Rule 3: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.
Rule 4: If you think your teacher is tough, wait till you get a boss.
Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.
Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.
Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.
Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.
Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.
Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.
Rule 11: Be nice to nerds. Chances are you'll end up working for one.
       All of these items are very relevant, can be related to the note business and should be remembered by everyone. So for you note brokers that are struggling with this business just remember that you are not in High School any more. 

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

Question of the Week

Q - Hi Jeff,

          I had a RE broker contact me today.  She is going to be starting to draw up notes on properties to purchase and sell with a Seller Carryback. She is looking at drawing up notes and I have advised her on tenets to keep in mind (i.e. 10% DP, 8.5% Int, etc). She mentioned that she is going to avoid balloons c/o Dodd Frank Act, and had specifically asked about the following scenario: 
          She will be writing language into her note that includes an adjustment to interest based on TIPS.  Accordingly she is wondering if the CPI is the best means to utilize for that adjustment, and as such, which CPI is best to utilize (w housing/food included, w/o, etc.) Ultimately, questioning if this helps/hinders a note sale in the foreseeable future.  I have seen notes with balloons and language that offers additional payments and/or continued amortization of the note, but this is something I have not seen or advised on. If you have any insight into this, I would appreciate it. 

          Thank you. ~ Matt D.

A - Hi Matt!

         Thanks for the question! By attaching any changes to the interest rate using any type of regulator whether it is the CPI or other it would make the note LESS attractive and thus would receive a bigger discount.  If she is going to plan on selling these notes in the future she should be prepared for a higher than normal discount with no balloon in 7 years and an adjustable interest rate.  My 2 cents! "

          Good question, hope this helps!  TWITA! ~ Jeff

For Discounts of up to 50% on selected AC and SOP Products check out our 2012 Spring Specials!

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 2012, click here to start growing your note business today!

If you have missed any of our Newsletters click here for our

Archived Monthly Newsletters!

If you have a note business question you would like to see answered in this newsletter just email Jeff!

Get started in the Note Business with the Complete Note Business Starter Package - includes consultation's with Jeff!