Hi -- It's starting! Our teleseminar with
Tom Henderson, that is. Tom has been called "the best-kept secret in real estate note education." Nobody, and I mean NOBODY, knows more about how to use notes to create high yields. He'll share his 35-plus years of
experience with us and take your questions live.
So call 605-562-3140 just before:
3 p.m. Pacific time; 4 p.m. Mountain; 5 p.m. Central or 6 p.m. Eastern.
When prompted, enter the code 794728#. (This will NOT work on VOIP phones such as Magic Jack.)
Tom will teach a special
2-hour seminar: "Tricks Of The Trade To Increasing Yields and Overcoming Myths" at the Paper Source
Note Symposium -- NO CHARGE for Symposium attendees. Get all the details and register at
www.PaperSourceSeminars.com----------------------------------------------------------------------------------------------------------------------------------------------
Crystal Han has just agreed to teach
"Creating Multiple Streams Of Income Through Factoring" at the Note Symposium! Crystal is a full-time business/commercial finance lender & broker who will show you how to profit from this little-known
market.
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If you're attending the Note Symposium and haven't made your hotel reservation, please do now. Our discount rate expires this Friday, April 15. Go to the Hotel tab at
www.PaperSourceSeminars.com----------------------------------------------------------------------------------------------------------------------------------------------
All discount codes for the Paper Source Note Symposium will also expire this Friday, April 15. If you haven't used yours, go to
www.PaperSourceSeminars.com and at the checkout page enter the coupon code
april to save $50.00.
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What’s The Average Note Broker Commission? What would you say the average fee is that a broker should
expect to make per note (either performing or non-performing)?— Andre Smith
Jeff Armstrong responds:
In my 23 years of brokering notes my average gross commission has been $3,880 (less costs). In percentages it has averaged out to 7.76% gross.
If I break it down to full purchases
vs. partial purchases, my average commission on full purchases has been $2,276 and my average commission on partial purchases has been $6,929. And 75.6% of my closed transactions have been partial purchases.
Realistically, what it really comes down to when you are trying to decide on how much you should deduct
for yourself is what looks good to you, what is fair, what is your competition offering and how many transaction you would
like to close this year.
This business is a big numbers game, and I personally would rather close 10 transactions at a $2,000 commission each than 1 transaction for $10,000.
Hope this helps! Remember, success demands action, TWITA!
Jeff Armstrong will teach "Note Marketing For Results…Statistically Foolproof" and be available for complimentary private consultations at The Paper Source Note Symposium in Las Vegas April 28-30. For information and to register go to www.PaperSourceSeminars.com Jeff's article appeared in a recent issue of THE PAPER SOURCE JOURNAL. Since 1987 it has been the industry source for note industry news, understanding new laws and regulations, fraud alerts and articles on all aspects of note investing and brokerage. Read an issue, free, at http://papersourceonline.com/ at the tab "Paper Source Journal." P.S. Please take 56 seconds to click on and watch this video:
