I love the beginning of the New Year. The possibilities seem endless. It is a blank slate and yours for the taking. Frankly, we don’t really need a new “year” to be the catalyst for making a change… but it sure helps and it’s as good of a time as any. If you are like me, I start the year with lots of good intentions. I am going to lose weight, cut back on diet sodas, join a gym, finally remodel my kitchen, make more money, and spend more time with family. The fact of the matter is … [Read more...]
Top 3 Results Of The Note Business Survey
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Remember that note business survey we sent out a couple of weeks ago? Well, we thought you would love to hear some of the results! So, without any additional fanfare, here are the top three questions.... 1. How often do you visit NoteInvestor.com or NoteInvestingTools.com? A. Nearly 70% of all people visit the two sites multiple times a month (and many visit a couple of times every week). We know the value of a website (why do you think we created Turn-Key Note Buyers sites for people … [Read more...]
The Most Important Task In The Note Industry
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It is 10:30am and I have wrestled with my computer for the 4th time. As I return to my home-based office from a coffee run (which is really just a short shuffle to the kitchen) I pass by the laundry room and realize that I really should get some laundry done at some point. Oh yea…I really need to get the tires on the Jeep checked. And a grocery run. Yep. Pretty much looks like the inertia of life is sucking up as much time as possible today. The problem? None of those items will … [Read more...]
Work the Note Business One Day a Week?
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We receive a lot of questions about the note industry. Some questions are about the potential money that can be made, some are about finding more notes, and some are about what it really takes to run a great note business. Despite creating hundreds of articles and/or videos, we always get a couple of core questions that people just (seemingly) don’t like the answer. One of the most frequent questions deals with “working the industry part-time.” Can you work the note business … [Read more...]
Does Social Media Really Help Your Note Business?
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This week Patrick Clark at Business Week penned the following statement based on a recent [flawed] release of a Gallup Poll… “Tweets, Likes, and Shares Don’t Make Us Buy Stuff, Americans Say.” Of course the Gallup report was also deeply flawed with old data (circa 2012), and no one should have been surprised when people were asked if they are influenced by ads they responded, “No.” In any case, Clark's points make an interesting premise when you are talking about selling things like … [Read more...]
Selling and Buying Business Notes With Security Financial
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Selling a business and taking back a promissory note is common practice. However, finding investors to buy a business note without real estate as collateral is a bit more challenging. Fortunately there is Security Financial Services (SFS), a third generation company that specializes in buying business notes! We interviewed Marc Rouda, Senior Vice President, for our Note Buyer's Directory to learn about their business note programs, pricing, and updated investment criteria. What type of notes … [Read more...]
What I Would Change About The Note Industry
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Before I get into what I don't like about the note industry let me start with... What do I like “most” about the note industry? It is a frequent question people ask with numerous answers depending on where my head is at the time the question is posed. In no particular order it would be… Helping people Making money Passive income Crunching numbers Flexibility Feeling valued Creativeness Never boring Well compensated Teaching others Anyone can do it In looking back … [Read more...]
Top 7 Note Investor Articles of 2013
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2013 proved to be a year of “adaptation” and “advancement” for the note business. The note industry continued to recover and build as note brokers, investors, and professionals tweaked their marketing tactics and campaigns to adjust to the new real estate market and technology savvy sellers. As 2013 comes to an end, we wish you a Happy New Year and suggest you take a quick look at these posts. Read (or re-read) these as you get ready to plan 2014. The Top 7 Most Read Note Business … [Read more...]
Are You Quitting The Last 41 Miles Of Your Note Business?
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I wonder how successful a Daytona 500 driver would be if they just quit the last forty-one miles? I mean, go full-out, committed the first 459 miles, and then stayed in the pits while the people on the track completed the last forty-one miles. It is kind of the way I look at the month of December for the Note Business. It is so easy for me to get distracted between Thanksgiving and New Years that I often write off the whole time. The fact of the matter is that if I “check out” from … [Read more...]
You Are Not Alone In The Note Business
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I am not going to lie, it really sucks doing things on your own. I suppose there is some person in this world that would like nothing more than to be left alone, sit in a room, and learn the note industry…but I doubt at the end of the day they would be very good at it. When I look back over my note business career, there were several quantum leaps. Each of these leaps was less about solitude and more about interaction…interaction that stimulated action. When I started, I was learning how … [Read more...]
