Written by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… When I first started the note business in 1991, my toolbox consisted of a phone, a pen, a worksheet and a calculator with which I could gather the information from the note holder, verify the payment … Read more…
Regulations from the CFPB issued in late 2014 finally acknowledged that Congress did not consider seller financed transactions to be a systemic risk to the economy when they passed the Dodd Frank legislation. (Those regulations carved out a narrow servicing exemption for certain seller financed transactions.) While this acknowledgement was much later than desirable … Read more…
Reprinted with permission by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… Ric Thom is one of the leading authorities in seller carryback real estate contracts. He owns Security Escrow in Albuquerque, New Mexico. He has served as a director and the president of Valencia County … Read more…
Written by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… The Note Business will continue to survive as evidenced by all of the hurdles and surprises that we have had to overcome in the past several years. As the year comes to a close it is … Read more…
Written by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… Having been in the note business since 1991 and have gone through many ups and downs in the note business as well as seeing new legislation come and go, you start to kind of take anything … Read more…
Written by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… Hot Market, Cold Market or True Market I just have to giggle when I get a call from a newbie note broker asking me what’s the hottest market to go after so they can get deals … Read more…
Written by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… NOTE HOLDER CONFESSIONS: 3 MAJOR REASONS TO SELL YOUR NOTE Many note holders are not aware of the issues that can happen with owning a note. Seller financing is a good idea when in a rush … Read more…
Written by Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… Over 20 years ago I received a flyer in the mail. On it in big bold letters it said “Make $10,000 a Month for the Rest of Your Life!” That sounded really great back then and … Read more…
The Safe Act Explained Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… Update on legislation, part II, continued from the April 2010 PAPER SOURCE JOURNAL: I am grateful to Ric Thom (www.securityescrow.com) for letting us know that H.R. 1728 has been folded into H.R. 4173, the … Read more…
Jeffrey R. Armstrong – President/Owner of Armstrong Capital Your favorite Master Note Buyer – Straightforward, Honest, Fair… California Note Brokering Licensing Issue If you are considering buying and selling seller financed notes secured by real estate you may want to do a little research on any regulations or licensing requirements your particular state may require. … Read more…