Armstrong Capital Newsletter

August 2008

Jeffrey R. Armstrong

President of Armstrong Capital

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           Hello! It's August already and the heat is on. We just had a little earthquake over here in Southern California a few days ago and that is always fun.  Business is steady but a little slow, again mainly because of the dog days of summer, but the calls are still coming in. But I'm really anticipating a great September.

            If you haven't heard already, the largest buyer of individual seller financed notes, Bayview First, closed its seller financed notes division July 31, 2008.  They are honoring all the transactions that are currently in the pipeline but will no longer accept any new ones.  It will be interesting to see how this recent closure affects the industry as a whole. If you've built up a good number of additional funding sources and investors AND you are pushing the partials I think your business will survive without a hitch. This is just another reminder that things change and in order to keep your note business running you need to be able to adapt and change with the happenings in the industry and real estate market as a whole.

             This month I will share with you the final installment of the 35+ most common questions I receive from note brokers and consultants about how I run my business, along with the answers of course.  Here we go:

26.  Do you do simultaneous closing transactions?                                          

                        No, I do not know of anyone currently doing these at the moment. Note investors are requiring at least 1 payment to be paid and 30 days to pass from the date of the sale of the property before they will fund a note purchase.

27.  Do you have an e-mail address?                                                                   

                        Yes, jeff@armstrongcapital.com

28.  Do you have a website?                                                                      

                        Yes, www.armstrongcapital.com

29.  Do you make lists, tickler files, etc?                                                 

                        Yes, lots.  To name a few, I have lists of note holders to call back in 3, 6 9 and 12 months as well as lists of past note holders who we have done partials with who may need more money in the future.

30.  What is your average commission?                                                  

                        Over 17+ years of business my commissions have averaged about $3,880.

31.  What Newsletters do you subscribe to?                  

                      Noteworthy & www.noteworthyusa.com                         

                      Paper Source & www.papersourceonline.com

                      Growing Wealth & www.americancashflow.com

32.  What seminars have you attended?                                      

                        American Cash Flow Institute

                        Jon Richards

33.    What do you think is the best way to get started in this business?

                        Learn Real Estate business, take classes for your Real Estate License, take a good beginning note workshop (Secrets of Paper 101 and 201 J ), find a good mentor and plan to subsidize yourself for 6-12 months.

34.  Do you work with new brokers?                                                       

                        Yes, absolutely. I have assisted countless individuals on their path to success in this business.

34.    Can we call you if we have a note for sale?                         

                        Yes, absolutely. Fax or email over a completed worksheet and we'll be happy to price it out for you.

36.    Can we call you if we have a question about the business or about a particular transaction?

                        Yes, absolutely. Email is best most of the time.

                I hope you enjoyed the last three months of the most common questions I am asked.  Next month we will be touching on the licensing issue for note brokers. Have a wonderful month!  Keep marketing, it's going to work! TWITA! J

Jeff Armstrong

PS - The Personal Cash Flow Prosperity book is still for sale at $44 even (regularly $67.75) I pay shipping through the end of summer. Just email me and I'll send you a Pay Pal Invoice and get the book and audios out to you asap. TWITA! J

PPS - I will be emailing all of you a survey about a new Cash Flow E-zine in the next week or so. Please look for it and take the time to complete it, you will help in shaping the future of the industry! Thanks in advance! 

Jeff's Speaking and Instructing Schedule

         Location                Date                          Event  (click for info & registration)       

• Glendale, AZ             August 4-10, 2008                Nouveau Riche

• Las Vegas, NV         October 2-5, 2008                 NoteWorthy Convention

• Glendale, AZ             October 6-10, 2008              Nouveau Riche

• Glendale, AZ             December 15-19, 2008        Nouveau Riche

NEW FOR 2008!  Secrets of Paper 101 - Audio Disc Set - only $99!

           Complete recording of SOP 101 beginner's workshop with workbook plus + click here for more info 

Only $99 if you order it through this email (regularly $149)! 

Jeff Armstrong is President of Armstrong Capital and was the Editor of the NoteWorthy Newsletter from 2006-2008. He is a member of the Million-Dollar Club, a Master Broker/Buyer, visiting instructor for the American Cash Flow Institute, Instructor for Nouveau Riche and the author of several best selling industry books. He can be reached by calling 800-845-3055, faxing 818-865-2323, e-mail jeff@armstrongcapital.com, or visit www.armstrongcapital.com and click on "Note Brokers" for answers, articles and information about his Master Broker services and how Armstrong Capital can help you succeed.

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