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News
Of The Note/Cash Flow Business For Brokers & Investors |
, I'm putting the finishing touches on the Print Edition of the 2011 Registry of Note Investors. There's still time for your company to be in it AND the e-Registry on the Web, PLUS a free e-mail blast to our 26,000 subscribers. See
www.papersourceonline.com/registry-of-investors/note-investor-registry/
The absolute deadline to be in the Print Edition is this Wednesday, March 2.
In this issue Martin Granoff tells us how to broker lottery and contest winnings -- a very niche market that is one of the most lucrative!
Cheers,
Bill
W. J. Mencarow
President, The Paper Source, Inc.
www.PaperSourceOnline.com
www.cashflows.org
ATTENTION NOTE AND CONTRACT
BUYERS!
EXCELLENT DOMAIN NAMES FOR
SALE
We are gearing down
our business of buying real estate notes and contracts.
Therefore, we are interested in selling some of the domain names we
own, listed below:
ContractBuyer.com
ContractBuyers.com
LandSaleContracts.com
RealEstateNotes.net
RealEstateNotes.org
RealEstatePaper.com
If you think you may
have some interest in owning one or more of these domain
names, please contact me by phone or email ASAP.
Bob Pfister, President, Olympic Mortgage Exchange,
Inc.
541-389-8614 bob.olympic@gmail.com
Brokering Winnings
By Martin Granoff, President, Granoff Enterprises
When you watch TV game shows and see contestants winning $1 million or more, besides being happy for them do you also say to yourself, "I wonder if this prize is all cash or being paid out over time like a big state lottery prize?" If you don't, you should.
How about the $1 million winner of the golf hole-in-one prize you just read about, or the $1 million+ casino progressive slot machine prize just won by someone? Do you think this is one big check to the winner? It probably isn't but being paid out over time.
How about the winner of the half-court basketball throwing contest you just heard about on the radio? Do you really think the prize sponsor is writing a $1 million check to this lucky stiff?
And then there is the article in the paper of the big accident/medicalmalpractice/nursing home neglect award an attorney just won for his client. Does the thought cross your mind this could be a structured payout? If not, it should.
My point is, you are hearing and seeing and reading about potential business opportunities like these all the time, yet few realize it's there to be followed up on.
With the Internet it is now easier than ever to learn more about each of these events. Websites can be checked out for more details about each of the above, like whether the prize is being paid out over time and maybe the city and/or state of residence of the payee.
A further Internet search of national white page directories can many times provide you addresses and phone numbers.
Do you think most of these people knew their prize was to be piecemealed out to them? Probably not. Do you think they are happy about this? In most cases, no. Do you think they could beinterested in a lump-sum buyout (or partial buyout) proposal? Probably yes.
Let me give you two specific examples. About seven years ago a major fast food restaurant chain had a $1 million contest and a homeless person came in at the right time and at the right place and won this. A local cash flow broker read an article about this in his local newspaper and found out where this person was staying (it turned out across the street from the restaurant in a very low-end motel). Making a long story short, the broker met with the winner and we acquired some of his future payments.
Another example started with a Super Bowl commercial of two or three years ago. Two companies had a joint text messaging contest on the air during half-time and the winner won $1 million. I watched the winner win. I waited a week to see if any brokers called me about this and none did. I then went on one of the contest sponsor's website and in ten minutes had the winner's name and city where he lived. I got his complete address and phone number from switchboard.com and soon found myself speaking with him. Yes, the
payout was $50,000/year for twenty years. No, right now he was not interested in selling any future payments but, based on my 15 years experience in this business, I think I will hear from him in several years. I of course sent him a letter following up our conversation
and expect he will save this. I have checked in every so often with him since and will continue to do so.
Opportunities are all around us but we just have to be tuned in to recognize them. I hope you now are and that you include us for purchase quotes.
Martin S. Granoff of Granoff Enterprises in South Florida has been in the state lottery, structured settlement, annuity and contest winning acquisition business since 1992. He can be reached at 954-370-1806, fax 954-370-1807, granoff@granoffenterprises.com
Did
you like Martin Granoff's article? You
can get many more like it, plus the latest
news of the note business, new note investors,
new laws, court decisions, etc. affecting
the business, interviews with the experts
and much more every month in THE PAPER SOURCE
JOURNAL.With your subscription you also get the
hot-off-the press 2011 PAPER SOURCE REGISTRY
OF NOTE INVESTORS, plus the E-Registry
on the Internet, the most accurate compilation
available of true note buyers (not brokers)
and what they buy.
"Why can't I just search the Internet for investors?"
You can -- but how will you know who's an investor and who's a broker claiming to be an investor? You can go direct to the funding source with THE PAPER SOURCE REGISTRY OF NOTE INVESTORS.
The fact is, THERE ARE VERY FEW TRUE END-INVESTORS -- those who buy cash flow notes with their own sources of funds. 98%+ of the websites that claim to be investors are really brokers, selling to the investors in THE PAPER SOURCE REGISTRY OF NOTE INVESTORS.
Unlike websites and unlike other directories of cash flow funding sources, each investor in the Registry signs an affidavit affirming that they are an end-investor. If we discover differently, they are removed from the Registry. Most of them are well-known to us and to the Industry.
After all, we've been publishing the Registry for over 20 years, and we know who the players are.
See http://papersourceonline.com/paper-source-journal/infosubscribe/
"The Paper Source Journal
has been a very valuable source of information
for me. I've been a subscriber for most
of your years of publication."
--Nick Buschur, Grants Pass, Oregon,
#1 Broker for the largest note investment
firm in the world for an unprecedented 3
years in a row,
est. annual volume $15.8 million.
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Last Chance To Be In The 2011 Print Edition Of The PAPER SOURCE REGISTRY OF NOTE INVESTORS
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