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14 Year Veteran Gives Insight
One of the most anticipated annual events in the cash flow industry is upon
us, CASH FLOW 2005! Even though I’ve been around for awhile I am looking
forward to attending many presentations to further my knowledge and ensure my
continued success. I can say that without a doubt the Cash Flow conventions are
always one of the highlights of my year. This year, as in previous years, I will
be giving something back to the industry in the form of my knowledge and
experience. With over 14 years of experience and over 1300 personal closed
transactions under my belt you might want to look me up. I am giving two speaker
session presentations that you must attend if you plan on working by yourself as
a one-person operation and if you plan on succeeding in the cash flow business
as a note broker in the field of private mortgages.
The first presentation is entitled "How I Run My One Man Business".
I will share with you exactly what I do day by day, week by week, and month by
month. From keeping track of the daily calls to the weekly call backs and
monthly accounting. As a Master Broker in the field of Private Mortgages I will
cover the burning questions that I get asked weekly by new and seasoned brokers
in the business. I will answer 35 of the most frequently asked questions one by
one and then take more questions from those in attendance. Burning questions
such as, "What’s the best way to get started in this business?" and
"How do you get note seller’s to call you?". I will explain in
detail as a one-man operation how I organize my time and schedule my tasks so
that, from the perspective of the note sellers, I look like a large
organization. If you are just starting out, this session just might get you
energized to go out there and work the business. This session is rated as a
beginning session but I am sure there are several ideas that the intermediate
and advanced brokers will be able to learn from and use.
My second presentation is session entitled "Tail Ends – How to Keep a
Piece of the Action". A Tail End is the back of a note, also referred to as
a back end or remainderment, such as the last 72 payments of a 360-month note.
By taking the tail end of a note you are creating an equity position in the
deal. I will show you how and when you can take the tail end of a note, with no
money out of your pocket, by purchasing the entire note from the seller and
selling a partial to the funding source. You will learn how to make money as a
broker at the time the transaction is closed and how it is possible to make even
more money when the tail end comes back to you as an investor. I will walk you
through the exact steps I took on three separate transactions and show you how I
was able to keep the tail ends of the notes. In one transaction I will show how
I made $3,000 at the close of a transaction and will receive the note back with
a balance of over $84,000! This session is rated as an intermediate/advanced
session because some basic knowledge of LTV (loan to value), ITV (investment to
value) and calculator skills are needed to understand the strategies presented.
The concepts of working the cash flow business as a "one-man
operation" and "keeping a piece of the action" are intertwined.
In part, some of my success as a one-man operation is a direct result of keeping
a piece of the action. For full details on both of these speaker sessions I am
inviting you to attend both of my presentations. I look forward to the
opportunity to meet with you and share my knowledge and experience. I believe
that you will be able to take something away from both of these presentations
that will help you succeed in the cash flow business in the field of private
mortgages.
Jeff Armstrong is president of Armstrong Capital. He is a member of the
Million-Dollar Club, a Master Broker, visiting instructor for the American Cash
Flow Institute, and the author of two best selling books. He can be reached by
calling 818-884-2322, faxing 818-884-1723, e-mail Jeff@armstrongcapital.com, or
visit www.armstrongcapital.com and click on "Note Brokers" for
questions and information about his Master Broker services, Mentorship program
and how Armstrong Capital can help you succeed.
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