January 2006 Newsletter
I. Article Set
Yourself Up for Success
II.
Perseverance
III. Helpful Websites
IV. Upcoming Events
SET YOURSELF UP FOR SUCCESS by Thomas Standen Sr.
It is no secret to anyone who has been in the real
estate business or financial market for more than a decade; the the Real
Estate Market is cynical. When the market suffers from a downturn due to any
cause including increase in interest rates and/or inflation, the willingness
of the institutional lender to provide highly leveraged loans declines.
Unfortunately, at the same time
the ability of buyers to pay significant down payments also declines.
As you know, one of the benefits of investing in real estate is the ability to leverage your investment that is. Although you control the entire asset, you only are required to pay a portion of the purchase price down; the balance can be financed over time. During the present cycle, interest rates are low and inexpensive institutional financing is plentiful. However, when the economic conditions tighten - and history declares they will - sellers who want or need to sell will once again be faced with carrying back a note secured by either a first or second Trust Deed on the property - or waiting out the cycle.
There is a Proverb that declares: "a wise man sees the problems ahead and prepares for them", as a Cash Flow Specialist or Investor involved in the purchase, flipping or sale of promissory notes secured by real estate, it seems that right now you would be wise to get ahead of the curve and learn all you can about how seller carry back financing is structured, bone up on the variables, be able to recognize nuances in the note and be in a position to analyze the effect of specific clauses affecting the value or transferability of the note.
The new Cash Flow Consultant may not be aware of the many variations in the type of notes and variations in the payment schedules. So, here is a little run down not intended to be absolutely all-inclusive. To read the rest of the article
II. Perseverance Don't be Afraid to Fail
You've failed many times,
Although you may not remember
You fell down the first time you tried to walk
You almost drowned the first time you tried to swim, didn't you?
Did you hit the ball the first time you swung a bat?
Heavy hitters, the ones who hit the most home runs, also strike out a lot.
R.H. Macy failed seven times before his store in New York caught on.
English novelist John Creasey got 753 rejection slips before he published
564 books.
Babe Ruth struck out 1,330 times, but he also hit 714 home runs.
Don't worry about failure. Worry about the chances you miss when you don't
even try. Author Unknown
III. Helpful Sites
GLOSSARY INFORMATION - To build your vocabulary
and knowledge base
- about land trusts go to -
http://www.equityholding.org/glossary.html
- about Notes and Real Estate terms go to -
http://www.sellerloans.com/glossary.html
OUR FEES AND SERVICES - If you have ever shopped for the servicing, you'll take notice that we give you the best service for your buck! www.sellerloans.com/list_services.html
ARTICLES - : For many helpful articles and Free Reports to assist you in your business go to- www.sellerloans.com/free_articles.html
ON
LINE STORE -
We are continually asked why do people sell notes? Learn
the 7 reasons people sell notes,
in Henry Dvorken's
book "Making Money With Mortgage Notes"
It is on our Online Bookstore located at
www.sellerloans.com/online_store.html
Go to
WWW.SELLERLOANS.COM
for more great ideas.
If you have problems locating
these, just call Pam at
1-209-742-5732, ext. 2 or e-mail at
pam@sellerloans.com.
| Monthly - All over the United States |
Bill Gatten Workshops on Land Trust Check out our Equity Holding Corporation web site at www.equityholding.org Go to the Upcoming Events Banner for dates, times and more information Price: FREE of Charge |
| May 25 - 28 | American Cash Flow Convention
www.americancashflow.com Roberta and Tom Standen will be teaching two classes: Investment DeJour – The Land Trust Use Strategic Alliances to Build your Business Location: ATLANTA MARRIOT MARQUIS HOTEL, Atlanta, Georgia |
| September 21st - 24th |
Noteworthy Convention "Prosper in a
Changing Market" Find more information at www.noteworthyusa.com Tuscany Suites - Las Vegas, Nevada |
|
P.O. Box 77 Midpines, CA 95345-0077 |
||
| Phone: | 209-742-5732 | |
| E-mail: | info@sellerloans.com | |
| Fax: | 209-742-7153 |
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