Podcasts about promissory note

Real estate sellers, landlords and those who have no equity and just want out from under their payments, this class is for you. Many high equity sellers and tired landlords are de-risking and using the installment sale (IRC 453), seller financing to: sell quickly and easily for the highest possible price defer most of their capital gains (use the 1031 exchange to defer all capital gains) earn interest on the IRS' money have great income for retirement (often much more than you were netting in rent) leave a great inheritance for heirs and beneficiaries access to liquidity... done properly and intentionally, you can sell all or part of the payment stream for cash for little to no discount Most sellers who offer owner financing have NO IDEA that anyone would want to buy their note. Their real estate agent or broker doesn't tell them, their title company doesn't tell them, their attorney doesn't tell them, their financial advisor doesn't tell them. They find out several weeks after the closing when they start getting postcards and letters in the mail offering to buy their note. But by then, the value of their note is baked in. The terms can't be modified to make the note more valuable. This often costs the seller (who traded real estate for a promissory note) tens of thousands, even hundreds of thousands of dollars. Only someone who regularly buys notes for their own portfolio is qualified to help you and your other trusted advisors create a note that is right for you short term and long term. Sign up for the Seller Financing Master Class for Sellers at www.Linktr.ee/DawnRickabaugh

BLT and Bluebird do their first faction promissory note tier list, both for how good the note is for the faction whose note it is, and how good it is to use or buy.  2:25 Faction promissory note tier list extravaganza! 35:32 Stats thing of the week 36:14 Tech of the week 39:02 Various updates

Enjoy this episode? Please share it with at least ONE friend who you think needs to hear it! Delve into the intricacies of personal liability and legal frameworks as we navigate living in a complex society. Key Discussion Points:  Personal Liability: Explore the concept of personal liability within the legal framework of our country and its implications for individuals.  Legal Structures: Discuss how our current legal system operates within the context of  a "slave planet" and the remedies available within this system.  Government Officials: Examine the roles of government officials and their status as employees of the government, shedding light on their responsibilities and limitations.  Putting on Notice: Learn about the processes involved in putting someone on notice within legal proceedings and the importance of follow-up actions.  Declaring Authority: Understand the significance of declaring and decreeing one's own authority within legal, societal, and spiritual contexts. About Michelle (Miki) Klann:  Michelle Klann, also known as Miki, is a multifaceted individual with a passion for driving positive change in the world. With a background in technology and entrepreneurship, Miki found her calling in the freedom movement, empowering individuals to stand against tyranny.  In recent years, Miki has leveraged her expertise in surety bonds to support parents in fighting against mask mandates in schools. Her efforts have resulted in the liberation of over 100 million children worldwide, inspiring others to join the cause in their own communities.  Miki's story is one of determination, innovation, and a relentless commitment to creating a better world. Through her work and unwavering belief in individual power, she continues to inspire others to drive meaningful change. For more on Miki visit: Website: www.ThePeoplesOperationRestoration.com Instagram: https://www.instagram.com/thepeoplesoperationrestoration/ Bonds for the Win Website http://www.bondsforthewin.com The Way Forward podcast is sponsored by: NEW BIOLOGY CLINIC: Experience individually tailored terrain-based health services with virtual consults, practitioner livestreams, movement classes, and more. The New Biology Clinic's motivation is to make you healthy and keep you that way. Visit https://NewBiologyClinic.com and enter code TheWayForward for $50 off your activation fee. Members of The Way Forward get the full activation fee waived. Become a member of The Way Forward here: https://thewayfwrd.com/membership-sign-up/ ————————— ORGANIC MUSCLE: Organic Muscle is revolutionizing sports nutrition by exclusively utilizing non-GMO ingredients from USDA Organic farms. Experience the fusion of organic purity and scientific excellence at https://organicmuscle.com, and unlock a 15% discount with code "FORWARD15" at checkout. ————————— BIOPTIMIZERS: Magnesium Breakthrough from Bioptimizers delivers 7 different forms of magnesium, free from additives, and made with the highest quality all-natural ingredients. Treat your mind and body to this full-spectrum solution. Visit https://bioptimizers.com/alec and use promo code "ALEC10" at checkout! ————————— For more on The Way Forward, please visit: https://thewayfwrd.com Visit our online marketplace for discounts on a variety of the best holistic health brands and products: https://thewayfwrd.com/store/ For all of our links, visit: https://www.flowcode.com/page/thewayforward Support The Way Forward and Alec's work: https://thewayfwrd.com/donate/ FIND YOUR PEOPLE! Join The Way Forward to connect with like minded men and women near you, businesses near you, and more! The best part? You pay whatever you want!: https://thewayfwrd.com/membership-sign-up/ Do you run a freedom-oriented or holistic health-oriented business? Join our FREE business directory here: https://thewayfwrd.com/directory-form/ You can watch The Way Forward Podcast on YouTube, Unite, Bitchute & Rumble Youtube: https://www.youtube.com/@TheWayFwrd Unite: https://unite.live/channels/the-way-forward/the-way-forward Bitchute: https://www.bitchute.com/channel/a3s3CiyELVd8/ Rumble: https://rumble.com/user/TheWayFwrd ————————— *This material may not be published, broadcast, rewritten or redistributed in whole or in part without expressed written permission from The Way Forward, LLC. The purpose of this presentation is to convey information. It is not intended to diagnose, treat or cure a condition; nor is it to be considered medical or legal advice, opinion or recommendation. This information is presented in the spirit of service for all.* 0:00 - A Co-Creative Common Law Path to Freedom 1:45 - Introduction  8:28 - British Commercial Paper 19:03 - Majority is Always Misled 26:56 - Note vs. Promissory Note 32:36 - Masquerading of Government 41:53 - Leveling Up From Conditional Acceptance 50:30 - Common Law and Voluntarism  1:05:07 - Yellow Cards and Red Card Process 1:13:35 - No One Has Authority Over You 1:22:33 - Power of Positivity 1:29:27 - Closing Thoughts  

In this episode, foreign policy expert, author and podcast host, Dr. Walid Phares and Amanda Head delve into the prospects for peace and cooperation between Israel and Gaza, highlighting an emerging trend within the Arab world towards collaboration with Israel. They examine the ongoing Middle East conflicts and its impact on American national security, with their observations pointing out the current divisions within the Democratic Party regarding Israel. The discussion also features Dr. Phares' critique of the Biden Administration's foreign policy in the region, particularly the influence of militant networks and the Iran deal lobby on the President and the White House. This episode underscores the importance of grasping the region's complexities and the necessity for a holistic approach to resolving complicated conflicts. Be sure to check out Dr. Phares' newly launched podcast called, “War and Freedom” with co-host Gazelle Sharmahd.Be sure to follow show Host Amanda Head on social medias: @AmandaHead and check out the latest episodes of “Furthermore with Amanda Head” by visiting: www.justthenews.com/podcasts/furthermore-amanda-headSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nevis Brands CEO John Kueber joined Steve Darling from Proactive to announce the successful completion of the initial production run of Major shots in Missouri through its licensee, Stash House Distro. This milestone marks the expansion of Nevis Brands' product offerings into the Missouri market, with three flavors of its 2-ounce Major shots—Fruit Punch, Blackberry Lemonade, and Blueberry—now available for sale. Nevis Brands has previously introduced these products in Washington and Ohio, achieving successful distribution. The Major shots are infused with 100mg of THC and leverage a proprietary formula of flavor and emulsion technology, enabling rapid onset effects in under 20 minutes with minimal cannabis taste. The products are now accessible to consumers in numerous dispensaries across Missouri, further solidifying Nevis Brands' presence in the cannabis beverage market. Additionally, Kueber shared news regarding the restructuring of the company's Promissory Note due to SoRSE Technology Corp., which was initially part of Nevis Brands' purchase of the SoRSE Technology business units "THC Essentials," including the Major brand. Under the revised terms of the agreement, Nevis Brands will pay USD $100,000 by April 30th, 2024, and proceed with periodic payments to retire the note principal by December 31, 2024. This strategic move reflects Nevis Brands' commitment to managing its financial obligations while continuing to expand its product portfolio and market presence. #proactiveinvestors #nevisbrandsinc #cannabis #sorse #major #thc #JohnKueber, #MissouriExpansion, #CannabisIndustry, #ProductLaunch, #MarketExpansion, #FinancialRestructuring, #BusinessGrowth, #RetailSales, #Dispensaries, #MissouriDispensaries, #MajorShots, #NewProduct, #BusinessStrategy, #CorporateFinance, #RegulatorySuccess, #MarketEntry, #StateExpansion, #CannabisProducts, #IndustryNews #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Ano ba ang Promissory note? Bakit mo 'to kailangan sa ilang mga sitwasyon? Stay tuned because in this episode, we're about to uncover the importance of promissory notes and how they can benefit you! Welcome to Legal Guide Philippines where we simplify the law to help you make better choices. I'm Atty. Ramon Ramirez and I'm with my partner, Atty Erwin Zagala. If you want to get a guide to legal documents, get a copy of our book Notary not included at info.legalguide.ph/notary This book will guide you on how to draft the most common Legal Forms that you use in everyday life including the Promissory Notes. Now, go make better choices! *Disclaimer* The information contained in this presentation is provided for informational purposes only, and should not be construed as legal advice. We do not guarantee any results, and the information in this presentation may not constitute the most up-to-date legal or other information. you should not act based on any content included without seeking legal or professional advice. Only your attorney can provide assurances that the information contained herein - and your interpretation of it - is applicable or appropriate to your particular situation.

God remembers and keeps His promises. He is the Promise Keeper. This week, let's reflect on the many promises of God. Are you ready? Let's GO! --- Send in a voice message: https://podcasters.spotify.com/pod/show/krista-allison/message

Welcome to Strategy Saturday; I'm Charles Carillo and today we're going to be discussing What is a Promissory Note in Real Estate. When purchasing a property, most people will sign two main documents; a mortgage, and a promissory note. In this episode, Charles discusses what promissory note is, and why is it utilized in the property purchasing process. Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

For a limited time, Norada Capital has a Special Offer. We are offering a 2% bonus interest on our already attractive 12% and 15% per year interest Promissory Notes. This provides you up to 17% interest PER YEAR with monthly interest payments directly into your bank account. This is also perfect for your self-direct retirement accounts like IRAs and 401ks. Visit our website for more information, and to book an appointment at NoradaCapital.com Or you can get your Promissory Note right now at: NoradaCapital.com/Profile

Finanzas al Día se trata de dos Coaches Financieros con estilos distintos que hablan de temas que giran en torno al dinero. Creemos que si tú sabes tomar decisiones financieras podrás triunfar en tu vida. Vamos a tener un episodio nuevo todos los jueves. Si te agrada el contenido te pido nos des un comentario de apoyo. Estás buscando asistencia personal en el tema de las finanzas…  Tanto Paola y Rey ofrecen servicios de Coaching…  Contrata los servicios de Paola en https://www.instagram.com/wisemoneygirl/ Contrata los servicios de Rey en https://finanzasconrey.com Gracias a nuestra editora Paola Berman de @pb_design1 por un excelente trabajo. No es Asesoría Financiera. Pensemos distinto. Hasta la próxima amigos y recuerden estas tres cosas: Vivan como nadie para que puedan vivir como nadie Sueñen en HD & You got this! #budget #dinero #finanzaspersonales #educacionfinanciera #ahorro #libertadfinanciera #educacionfinanciera #credito #inversion #finanzasconrey #latam --- Send in a voice message: https://podcasters.spotify.com/pod/show/finanzasaldiaconpaolayrey/message

SUMMARYIn this episode of Dr. B Show, Dr. B welcomes and interviews Nic McGrue, a securities attorney and founder of Polymath Legal. They discuss the differences between accredited and non-accredited investors, as well as the exemptions and exclusions for raising capital in real estate. Nic explains the nuances of 506(b) and 506(c) offerings, highlighting the importance of understanding the rules and regulations to avoid legal issues. He emphasizes the need for a strong power team, including an attorney and CPA, to ensure compliance and protect investors. Nic also advises new real estate investors to get educated, find a mentor, and take action to get started in the industry.KEY TAKEAWAYSAccredited investors have high income or net worth, while sophisticated investors possess the resources and knowledge to evaluate investment opportunities.506(b) allows for an unlimited number of accredited investors and up to 35 sophisticated investors, while 506(c) requires all investors to be accredited.Exemptions exclude certain securities from registration requirements, while exclusions are securities that are not considered securities at all.A promissory note with a maturity date of 9 months or less is typically excluded from the definition of a security.Building a power team, including an attorney and CPA, is crucial for real estate investors to ensure compliance and protect investors.QUOTES"I help you raise the capital for your deals, but make sure that you stay out of trouble while you're doing it." - Nic McGrue"Get educated and then take action. Don't be in the situation where you're going to be a perpetual student on it." - Nic McGrueYou can learn more about Nic McGrue in the links below.LinkedIn: https://www.linkedin.com/in/nmcgrue/If you're listening to the Dr. B Show Podcast, please subscribe, share, and we're listening for your feedback. You can also learn more about Dr. Jairo Borja at http://borjaconsultinggroup.com/.

On this episode of The Jaded Mechanic podcast, host Jeff welcomes guest Dutch Silverstein, an industry influencer and Jeff's friend. They discuss Dutch's distaste for the metric system and the importance of understanding the value of labor in the automotive industry. Dutch shares a story about a president of an airline who justified paying first officers so little that they qualified for public assistance, highlighting the importance of fair compensation. They also discuss the challenges facing the industry, including the shortage of skilled labor and the need for more diversity and inclusion. Overall, it's an insightful conversation about the state and future of the automotive repair industry. (03:50) - Discovering your gift. (08:01) - Keeping a pilot's logbook. (11:46) - FAA Regulations and Chemotherapy. (15:30) - Bankruptcy and loss of retirement. (19:21) - Aviation's Nomadic Style. (23:16) - Flight pay for pilots. (27:10) - Pilot salaries and working conditions. (33:38) - Automotive Repair Efficiency. (35:22) - Raising prices and losing customers. (39:19) - Trust in Car Advocacy. (43:19) - Preventative maintenance vs lease compliance. (46:33) - Recommending car maintenance. (50:13) - Two Standards of Behavior. (54:44) - Transparency in business practices. (57:45) - Sales techniques in business. (02:17) - False advertising in marketing. (08:15) - Coaching and earning trust. (09:32) - Transaction vs. Relationship-based models. (13:23) - Low hanging fruit in business. (16:53) - Coaching companies and sales approach. (21:23) - Coaching vs. Consulting. (25:24) - Deferred gratification and retirement. (29:33) - Financial discipline and planning. (33:45) - Tools and Productivity. (37:09) - The cost of toolboxes. (40:35) - Rough language in blue-collar jobs. (45:19) - Employee satisfaction and motivation. (48:52) - Wanting to be taken care of. (53:33) - Retirement and owed compensation. (55:18) - Inventorying tools for insurance. (59:56) - Embracing honesty and candor.

On this episode of REI Mastermind Network, host Jack Hoss welcomes Brett Swarts, an expert in investments, taxes, and legal matters. They discuss the importance of trusting experts and due diligence when making investment decisions. Brett shares a personal story about trusting a physician and emphasizes the need to seek multiple opinions. They debunk the myth of the deferred sales trust being a scam and discuss its benefits in real estate deals and cryptocurrency investments. They also talk about their upcoming book, "Building a Tax Per Exit Strategy," which features contributors discussing how to create and preserve wealth using the deferred sales trust. Listeners will learn how the deferred sales trust works, its fees, and how to structure assets for tax deferral. Don't miss this episode full of tips and advice on maximizing your wealth through smart tax planning.

Virginia Morris, a retired real estate agent from Houston, Texas, doesn't want me to use her real name. She claims Frank Abagnale scammed her out of $20,000 through a bogus investment scheme. Virginia spent years suing Abagnale, trying to recover her money. However, she was unsuccessful. Abagnale ignored the court summons and failed to appear in court. So, Virginia did what anyone who lost more than $20,000 would do. She showed up at one of Frank Abagnale's speaking events and confronted him. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jesus keeps his promises when man does not. You can trust what he says. They are delievered when he says and by his will. Stay encouraged and watch him work. --- Support this podcast: https://anchor.fm/drlarendajones/support

Hello and welcome to another episode of the Investor Mel – Women of Action show! In this episode, I am speaking with Naomi Bandara. She started her real estate investing journey with the Action Family Mentoring Program in October 2021 and now owns 14 units (4 properties)!Naomi was born in Sri Lanka and migrated to Canada 16 years ago. She currently works as a Sr. Sales Development Rep for a US based car wash manufacturing company in Nova Scotia with her husband Sangeve who's a contractor. They also have three dogs.  Her goal is to build passive income to be able to quit her 9-5 job and have financial and time freedom to do do what loves the most... travel around the world!  Within seven months of joining my Action Family mentoring program, she purchased a 5-Plex, a Duplex, and a 6-Plex! In this episode, she shares how she was able to purchase 14 units in such a short period of time. She also shares how by doing her due diligence, she decided to walk away from certain deals and talks about how her family and people around her felt about her real estate investing journey: "They are very skeptical, and not just them… most people when you say you're into rental properties. They go: Oh my God, why do you want that headache? They only heard the bad stories, not the good stories. They have this bad mindset when you say tenants. But I always say:  hey, it's not as bad as you think.”I love seeing how she overcame the skepticism and focused on her goals! And if you're just starting in real estate, here's her advice:"Numbers don't lie. When your numbers work, then you're good to go. If you can step out of that comfort zone, that would be one of the greatest steps you can take." What's next for Naomi? She wants to keep growing her portfolio so she can quit her full-time job and start packing her bags!

“What are the Types Investments?"- Money Monday with Shawna McCrea of Balance Financial Types of Investments GICS - is a certificate of deposit at a bank or other financial institution for a fixed term Bonds - When you buy a bond, you are making a loan to a government or a company. Shares - There are different types of shares available to investors interested in taking an ownership interest in a company. Mutual Funds - Mutual funds allow you to diversify your portfolio by investing in a number of different investments. Exchange-Traded Funds - are pools of investments that trade on a stock exchange. High-Risk Investments - Crowdfunding, crypto, foreign exchange, hedge funds, inverse & leverage ETFs, Private Company Investments, Promissory Note, Real Estate-based securities Scholarship Plans - an investment fund that pools your money with that of other families with children of the same age. Segregated Funds - are pools of investments, similar to mutual funds, but sold as an insurance policy. They offer full or partial principal guarantees if held until they mature or until the fund holder passes away. They bypass probate so they can be useful in estate planning. Segregated funds also offer protection from creditors. My Challenge to you review the types of investments you hold I love helping people cut through the industry noise that can fuel our fears, and create a financial plan based on your specific life goals. First phone consultation is COMPLIMENTARY #InspiringFinancialHealth #FinancialPlanning #CashWealthRiskLegacy

“What are the Types Investments?"- Money Monday with Shawna McCrea of Balance Financial Types of Investments GICS - is a certificate of deposit at a bank or other financial institution for a fixed term Bonds - When you buy a bond, you are making a loan to a government or a company. Shares - There are different types of shares available to investors interested in taking an ownership interest in a company. Mutual Funds - Mutual funds allow you to diversify your portfolio by investing in a number of different investments. Exchange-Traded Funds - are pools of investments that trade on a stock exchange. High-Risk Investments - Crowdfunding, crypto, foreign exchange, hedge funds, inverse & leverage ETFs, Private Company Investments, Promissory Note, Real Estate-based securities Scholarship Plans - an investment fund that pools your money with that of other families with children of the same age. Segregated Funds - are pools of investments, similar to mutual funds, but sold as an insurance policy. They offer full or partial principal guarantees if held until they mature or until the fund holder passes away. They bypass probate so they can be useful in estate planning. Segregated funds also offer protection from creditors. My Challenge to you review the types of investments you hold I love helping people cut through the industry noise that can fuel our fears, and create a financial plan based on your specific life goals. First phone consultation is COMPLIMENTARY #InspiringFinancialHealth #FinancialPlanning #CashWealthRiskLegacy

Our host Seven Da Pantha got an opportunity to chop it up with two of the SE's finest, Cesar Comanche and Poe Mack! Their combined Hip-Hop stories are amazing...you're going to enjoy this one! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/pantha-politix/support

Today's episode I'll give a brief description on the differences between a mortgage and a promissory note. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In the last show, we talked generally about how the promissory note morphs from a promise to pay a debt into a security that is simply an agreement between someone who does not own the debt and someone who will get paid because of a securities scheme.   As James tells it the note is transformed into a security that is essentially irrelevant in any current foreclosure case because that certificate is not and cannot be secured by a mortgage --- at least not one from a homeowner. I would add that current law requires, as a condition precedent, that the claimant has paid value for the underlying obligation, assuming there is one. See Article 9 §203 UCC, adopted in all U.S. jurisdictions verbatim.   I asked James to come back tonight because he is on the front line of litigation and as a competent trial attorney, he knows a lot about the frustrating pitched battles in foreclosure cases. Welcome back James and thanks for coming back.   So just to get started, I will ask James why should everyone understand the elements of a prima facie case first, before they do anything?

In an age marked by racial division and political polarization, what visions and ideals can Americans share? When our national history is for many a source of shame rather than pride, how can Americans find a way forward to prosper and thrive—together? And when many thinkers and activists emphasize historical grievance and victimization, who can offer a more positive perspective without ignoring the injustices of the past? AEI's Academic Programs hosted a recent panel conversation on the 1776 Unites movement, a non-partisan and intellectually diverse alliance of thinkers, writers, and activists offering important answers to these questions by tackling some of America's biggest educational, cultural, and economic challenges. We were joined by AEI's Ian Rowe, the University of California, Berkeley's Janice Brown, Glenn Loury of Brown University, and Wilfred Reilly of Kentucky State University. You can also watch the conversation https://www.youtube.com/watch?v=7cpa1QGJW1o (here). -https://www.aei.org/academic-programs/ (AEI for Students) -https://www.aei.org/executive-councils/ (AEI Executive Council Program)

Ok, promissory notes are an interesting part of how businesses finance themselves. So let’s chat about them briefly and make sure you know what they are.

African Proverb: Yesterday is a cancelled check, tomorrow is a promissory note, today is the only cash you have at hand, use it wisely (Proverb discussed) #AfricanProverbs #Proverbs #Inspirationalquotes #Motivationalquotes

I’m there with every breath of yours even after I have lost mine.

It is often true that the best challenge is after a foreclosure is complete. I know that sounds crazy. But tonight we will discuss tactics and strategies in foreclosure defense in which we can hang the evil-doers by their own paperwork. It's true that eventually, the truth comes out — or at least part of it. When the “credit bid” is moved around and the deed from foreclosure is granted, the party involved is often not the named party who sued you or on whose behalf the Notice of Default was sent. Here is some of the wording that we will look at and analyze: This Deed is made by Paul M. Halliday, Jr., as Successor Trustee and a member of the Utah State Bar, under the Trust Deed described below, in favor of U.S. Bank National Association, as Trustee, successor in interest to Bank of America, National Association, as Trustee, successor by merger to LaSalle Bank National Association, as Trustee, for LXS 2007-8H, ASSET-BACKED NOTES, SERIES 2007-SH, P.O. Box 619080, Dallas, TX 75261-9741, as Grantee. WHEREAS, on XXXXXXX, 2007, ZZZZZZZZZZZZZ,, as Trustors, executed and delivered to Meridian Title, as Trustee, for the benefit of Mortgage Electronic Registration Systems, Inc. as nominee for Varent Inc., a Utah Corporation, its successors and assigns, as Beneficiary, a certain Trust Deed to secure the performance by the Trustors of obligations under a Promissory Note of the same date executed and delivered for a valid consideration to the Beneficiary and the Trust Deed having been recorded in the office of the Utah County Recorder on XXXXX, 2007, as of Entry No. XXXXXXX:2007, describing the property set forth below; and WHEREAS, Paul M. Halliday, Jr., was duly appointed by the Beneficiary as Successor Trustee by a Substitution of Trustee recorded in the Office of the County Recorder of Utah County, State of Utah, on XXXXXXX, 2015, as Entry No. XXXXXXXX:2015;

In his famous "I Have a Dream" speech, Martin Luther King, Jr., pointed back to the Declaration of Independence and the Constitution. "When the architects of our Republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir." Packed within the first paragraphs of King's most famous speech are questions of importance for us as we study constitutional rights this semester.

Promissory Notes can be a great investment for people seeking truly passive income, but one should know what they are and how they work. Here is what you need to know when diving into the world of note investing.   Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Brian and Chris discuss how over-time the market does well under both Republican and Democratic political administrations. Scott provides tips on homeowners and auto insurance. Paul Tardif, Esq. answers “How to I protect myself if provided a promissory note for sold property?”.

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As we face the crises of our time, don't walk away from the sacred vision of America or the ones whose sacrifices have consecrated the creeds of our nation.Welcome to the second episode of the Self-Evident, a podcast about first principles, hosted on Substack along with the From the Hawk's Nest newsletter.Self-Evident is currently available on Stitcher, Apple Podcasts, and Spotify.Episode TranscriptHello folks, my name is Justin Stapley, and welcome to the second episode of Self-Evident, a podcast about first principles. Today, I'd like to discuss what is probably the most disturbing image I've seen in recent weeks. As many of you know, our country has been rocked by ethnic tensions in the wake of the terrible murder of George Floyd last month. The video of the sickening, unlawful use of force that took his life has erupted into a sea of discontent. While many have protested peacefully and in good faith, there are others who have engaged in unlawful acts of violence, vandalism, and occupation. While the videos and images of flames, blood, and vulgar messages have been deeply disturbing, the most disturbing thing I've yet seen is a little sign placed on a concrete barrier in the streets of Seattle, “You are now leaving the USA.” Given that this podcast is where I try and discuss the first principles of the American republic, it goes without saying that when any of my fellow Americans have reached a point where they want to create a place where they can leave the United States of America, it leaves me more than a little disheartened. Taking a KneeI think, too often, we approach politics based on what we see as wrong in society and then angrily demand change at the expense of everything else. Rare are the moments when we take a step back from what we see as the bad that history has handed down to us and take stock of the good we have been blessed with. Every now and then, we face those poignant moments when we are forced to reconcile how we thought the world was with how it actually is. Injustice and cruelty survive and thrive despite our best efforts because the world remains inhabited by the fallen creatures we call humanity. In these moments, it is right and proper to mourn for our country. But in our mourning, let us never turn towards disparagement. If we must take a knee, so be it. But let it truly be out of mourning and not out of spite. Let us rise from our grieving posture and rejoice to live in a land whose foundation allows us to work out our disagreements as fellow citizens and not as warring combatants. Let us find ways to workout whatever crises we face by building upon what came before and joining together to become yet another generation of Americans who answer the call to carry the torch of liberty a little farther, and more fully recognize the “promissory note” of America's founding. But most important of all, let's make sure that in facing the difficulties of today, we don't tear down the gains made by those who came before us, nor belittle their legacy. The Promissory Note of America's FoundingIn many ways, those occupying the city blocks in Seattle who, apparently, no longer wish to be Americans have exiled themselves from their own land when those who came before them fought so hard to take their rightful place in it. A moment ago, I mentioned the “promissory note” of America's founding. That term is from Dr. King's historic “I Have a Dream” speech, given on the steps of the Lincoln Memorial in 1963. It is a speech that has always moved me greatly. And, in light of the present crisis and, especially in reflection of that sign in the streets of Seattle, it seems to be a speech we should revisit. For, while some seem to signal they want to leave the USA, Dr. King refused “to believe that the bank of justice is bankrupt.” He “refused to believe there are insufficient funds in the great vaults of opportunity of this nation.” He said that “even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream.” Dr. King's dream is rooted in the American dream because, as he said, “When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir.” Rather than reject America or America's creeds, Dr. King had a dream that “one day this nation will rise up and live out the true meaning of its creed.” And so, Dr. King stood in our nation's capital and declared, “I have a dream that one day on the red hills of Georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood.“I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character. “I have a dream that one day... little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers. “This is our hope, and this is the faith...With this faith, we will be able to hew out of the mountain of despair a stone of hope. With this faith, we will be able to transform the jangling discords of our nation into a beautiful symphony of brotherhood. With this faith, we will be able to work together, to pray together, to struggle together...to stand up for freedom together.” “And this will be the day -- this will be the day when all of God's children will be able to sing with new meaning: “My country 'tis of thee, sweet land of liberty, of thee I sing. Land where my fathers died, land of the Pilgrim's pride, From every mountainside, let freedom ring!”A New Birth of FreedomBoth Dr. King and the President whose memorial he chose to stand before as he delivered his sacred words, were martyrs for liberty whose blood calls out from the ground not for vengeance or for the abandonment of our nation's legacy, but for a new birth of freedom. Memorial Day was not so long ago. And while we specifically remember those who have served in uniform for our country, I have often chosen to remember all those who have sacrificed and fought for our freedom.  Each year I set aside a few minutes to read the powerful but surprisingly brief words of the Gettysburg Address. I am always impressed by Lincoln's ability to, in so few words, deliver something so profound and so timeless. And I think that while Lincoln's words were spoken at the dedication of a specific battlefield, they applied to so many believers in freedom across our nation's history. America is not just a place. America is definitely not the cauldron of sin so many today think it is, the place some people want to leave, or tear down, or whose history should be forgotten or rewritten. America is not defined by those who failed to live up to its creeds but by the brave men of Lincoln's address and the brave souls of men and women across the history of our nation who have not only hallowed the places where they labored in sweat, blood, and tears but who have hallowed the idea that is America until it has become much more than just an idea. In many ways, America is a creed, a faith, and a gospel. Not in a religious sense, but in the sense that we are a nation founded, not on the arbitrary notions of border, language, or race, but on ideals, principles, and values that have been consecrated by millions of sung and unsung patriots who have not shied away from the struggle of preserving and realizing the founding vision. From the soldiers who stepped into the hellfire of German bullets at Normandy to the Americans who marched on Selma and into a hell storm of their own, the sacrifices made in the name of this vision we call America are beyond our capacity to comprehend. There are many Americans who, today, want to walk away from a nation they see as steeped in the stain of slavery, of Jim Crow, of segregation, of lynchings and beatings and hatred and cruelty.  But they would also be walking away from a nation whose first martyr was an African American killed in the Boston Massacre. They would be walking away from a nation whose abolitionist movement defied unjust laws and helped thousands escape slavery. They would be walking away from the 54th Massachusetts who proudly wore the uniform of their country and charged fearlessly into the jaws of death to show they were no longer slaves but Americans. And, they would be walking away from Dr. King and his generation, who fought so hard to take their rightful place in a country conceived in liberty so that their posterity, so that this generation, could live the American dream. It's true that there are many things that aren't as they should be. We find ourselves once more in one of those times where our creeds feel hollow and the dream feels out of reach.   Today, we are engaged in a struggle. Armies are not clashing in a field far away in storms of gunfire and showers of lead. We wage war upon each other with the crack of words and the sharpness of our tongues. We stand in open conflict with each other in a war of rhetoric, whose fields of battle are our homes, our streets, and our halls of government. In the callous and bitter treatment of fellow Americans, we have each become casualties. But is the test put to our generation any different? Are we not today faced with the very real question of whether a nation conceived in liberty and dedicated to the proposition that all men are created equal can endure in this modern world? Shall we answer the challenges of our time any differently than those who came before? As Lincoln suggests, the cause of liberty is an unfinished work. As Dr. King tells us, we have a “promissory note” that needs fulfilling. It falls to each generation to ensure liberty's flame does not go out while carrying the torch a little farther. We neither honor the memory of those whose sacrifices laid a foundation upon which we stand nor create a better world for those who have yet to come into it, by throwing liberty's torch upon the ground and writing off our country or its institutions as beyond saving. No matter our race or our creed, let those who are yet touched by the words of Dr. King and Abraham Lincoln answer their challenge. Let us highly resolve that those who have struggled in life and in death to preserve and realize the promissory note of the founding vision did not do so in vain. Together, let us seek a new birth of freedom. Let us answer the call to struggle with the full measure of devotion to keep the ideals, principles, and values of our nation's story from perishing in the hearts of our own people. Thank you for listening to another brief yet poignant episode of Self-Evident. I have to admit, it took more than a few recordings to get this own out. This episode was quite emotional for me.  If you liked what you heard today, be sure to subscribe and offer a review of the podcast. I encourage you to also check out my writing and the writing of other liberty-minded Americans, or to submit your own thoughts, at TheLibertyHawk.com, that's TheLibertyHawk.com and to consider subscribing to my bi-weekly newsletter From the Hawk's Nest. You can find me on both Facebook and Twitter and can also email me anytime at JustinStapley@TheLibertyHawk.com.  Stay free my friends. Get full access to Self-Evident at selfevident.substack.com/subscribe

Greater - Week 4 - A Promissory Note - March 15, 2020

“Who, in their right mind, would sell their house, leave the mortgage in their name, and trust you will make their payment?”This was the question I asked when I first heard about closing deals subject to the existing note. This method of buying properties sounded impossible! When I say “subject to,” I mean buying a home, or any property, subject to the existing mortgage. In short, I buy a house from a seller, the deed is transferred into my entity's name, and I agree to make the seller's mortgage payments. However, the mortgage stays in the seller's name until I sell the property to a new buyer. There are plenty of reasons why I buy properties subject to the existing note, but who would be willing to sell me their house while still being responsible for the mortgage? For a seller, it sounds like a big risk. Where's the guarantee that I will pay their mortgage that remains in their name? When I first started talking to potential sellers about buying their properties “subject to,” I quickly learned that it was my motivated sellers who were willing to take me up on the offer. Who is my Motivated Seller? After many years of buying properties “subject to,” I've learned how to review a seller's property information sheet and quickly determine if it is a possible “subject to” deal.From my experience, the strongest candidates for “subject to” are sellers who are currently behind on their payments. Recently, I bought a house “subject to” from a seller who was four months behind on their payments. If the seller has a mortgage, I talk to them about selling subject to the existing note.In order to buy a property “subject to,” there has to be a current mortgage in place. Obviously, sellers who own their house free and clear of any mortgages aren't going to sell “subject to.” On a free and clear house, I negotiate to buy with seller financing. The Most Profitable DealsBuying subject to the existing note will always provide you with the most profitable deals. When you are buying “subject to,” you will be paying the current mortgage's interest rate. So, if the interest rate on the existing mortgage is only 4%, that's a whole lot better than paying a private lender 8%.It's also worth noting that houses you buy “subject to” are usually in good condition and need very few repairs. This is because the seller is usually still living in the home when you purchase it. Not long ago, I went out with my acquisitionist to view a property. The sellers had painted, installed new hardwood floors, and updated the bathrooms. There was almost nothing that needed to be done; it was gorgeous! The after-repair value on that house was $170,000; the seller had already agreed to sell it for what they owed, which was $118,000. “Oh, my lands!” Talk about a $52,000 profit with no rehab needed! Let's Talk About AttorneysWhen you're considering “subject to” deals, it's important to be aware that some real estate attorneys won't close a “subject to” deal. Believe it or not, a lot of real estate attorneys haven't even heard of “subject to.” In fact, on line 203 of the HUD Settlement Statement, it states, “Existing loan(s) taken subject to.” This is a completely legal method for buying properties. The reason some attorneys refuse to do “subject to” deals is because they have an issue with the due-on-sale clause, which is included in most mortgages. This clause gives the lender the right—but not the obligation—to call the note due when ownership is transferred prior to the mortgage being paid off. Some attorneys feel ethically bound to notify the lender about the transfer of ownership.Recently, I talked with one of my platinum coaching students who used my foreclosure system to locate a motivated seller. They found a deal ready to be purchased subject to the existing note and were under contract to purchase; however, she couldn't find a real estate attorney that would close her “subject to” deal. I taught her how to locate a real estate investor-friendly attorney, and she now has a real estate attorney that will close “subject to” deals. Lesson learned: Establish a relationship with a real estate attorney before negotiating and getting deals under contract to purchase using “subject to.” Teach Me How!Here's how to buy “subject to” step by step:Step 1: Find a real estate attorney who will close “subject to” deals. Step 2: Market to find motivated sellers. Step 3: Fill out property lead sheets when sellers respond to your marketing.Step 4: Make sure you have all the mortgage information. You can't determine if you can buy “subject to” unless you have all the mortgage information. Step 5: Determine if you can sell the property rent-to-own. This allows you to have a positive monthly cash flow by bringing in more rent per month than the underlying monthly mortgage payment and other carrying costs, such as taxes and insurance.Step 6: If the math makes sense, make an appointment to go see the property and determine if there will be any repairs. If you decide to visit the property, have the seller contact their lender and request a payoff instruction letter that's good for 30 days. Prepare the offer to purchase and have it ready to take with you to meet with the seller.Step 7: Prepare the offer to purchase. The purchase price should be the current payoff amount unless you have agreed to pay more than the payoff amount.Step 8: Know what to say and what not to say. Never talk about selling “subject to” over the phone. In my experience, it's much better when you can meet with the seller in person to explain how you will buy the house. Furthermore, don't use the phrase “subject to” with the seller. Here's the exact language I use when talking to a seller: “I can do the deal. We will have a traditional closing, where the real estate attorney will handle the closing and prepare all the documents. The deed and ownership to your property will be transferred to my LLC. At closing, I will be responsible for all the property taxes, insurance, repairs, monthly mortgage payments, and any and all expenses associated with the property. You will sign an Authorization to Release and all correspondence from your mortgage company will be mailed to my office. Your mortgage will be paid off when I sell the house to a new buyer.” Step 9: Email the payoff instruction letter and the offer to purchase to your real estate attorney for a quick closing. Step 10: While at the closing, have the seller call their lender and request a change of address for all their mortgage company's correspondence to be mailed to your address. While your seller is on the call with their mortgage company, have the seller reconfirm exactly to the penny how much it would take to bring the account current if any payments are in arrears.Step 11: Also while at the closing, be sure your seller signs an Authorization to Release form giving you and your attorney the right to talk to the seller's mortgage company any time in the future.Step 12: Send a copy of the Authorization to Release to the mortgage company to get your entire team authorized to talk on the seller's behalf. Have someone on your team follow up with the mortgage company to make sure they receive the Authorization to Release, confirming that you and your team members are authorized to talk with the mortgage company about any details relating to the seller's mortgage. Step 13: Purchase insurance coverage naming your entity as the insured and listing the mortgage company as the mortgagee, and have the seller cancel their property. Keep in mind that you'll get a letter from the mortgage company demanding proof of insurance. When you get this letter, provide proof of insurance to the mortgage company.Step 14: If there are any past due mortgage payments, be sure to bring them current immediately. If you don't have the money available to bring the payments current, you can borrow private money and collateralize the Promissory Note in second position. And you're done! You have bought a house subject to the existing note.- Jay Conner

Does the Dept of Education have to provide copies of the Promissory Notes? If not, how can I confirm the debt? What if they don't have all the pages? You're entitled to copies of your student loan promissory notes. Still, the Department of Education isn't the only place to [...] The post Getting Your Federal Student Loan Promissory Note appeared first on Student Loan Podcast.

Do you know that God’s Word is His I.O.U i.e PROMISSORY NOTE to us? When we come to Him speaking His word back to Him, He delivers on His promises from the Blessings deposited in heavenly places in our account. Alleluia!!! Watch Video - https://youtu.be/rXBy8YDr4MM --- Send in a voice message: https://anchor.fm/pastorobi/message Support this podcast: https://anchor.fm/pastorobi/support

Special guest: Robin W. O'Bannon with the Promissory Note. --- Support this podcast: https://anchor.fm/loving-liberty/support

Part 4 of The Baptism into the Holy Spirit. The Three Fold Promissory Note.

Tonight we go into what a promissory note is and how it is to be used properly. www.makemoorcommerce.com 347-989-0194 7pm eastern

FAR 084 Expected Air Date: 11/04/17 Trends: Questions@flippingamericaradio.com Tell us where you’re from! Like us on Facebook. www.facebook.com/flippingamericamedia Check in with us every Tuesday for “Tuesdays at Two” Follow us on Twitter @FlippingAmerica IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE! News: 15 signs you’re addicted to HGTV https://www.cheatsheet.com/culture/15-signs-that-prove-youre-addicted-to-hgtv.html/?a=viewall Rebuilding after Sandy https://www.nytimes.com/2017/10/29/nyregion/hurricane-sandy-5-years-rebuilding.html Where are the Gen Xers moving? https://www.msn.com/en-us/money/realestate/the-states-generation-xers-are-leaving-and-moving-to/ss-AAtigJy?ocid=ob-tw-enus-634#image=1 Big Cities where rents are plunging - and mid-cities where rents are rising. http://www.businessinsider.com/biggest-us-cities-where-rents-are-plunging-2017-11 Cities on the Bubble. https://wolfstreet.com/2017/10/31/the-us-cities-with-the-biggest-housing-bubbles-3/ Zillow case is dismissed. Reaction from experts: https://www.forbes.com/sites/forbesrealestatecouncil/2017/11/02/how-is-the-real-estate-market-reacting-to-zillows-zestimates-lawsuit-dismissal/#318559a617eb Emails: Questions@flippingamericaradio.com Tell us where you’re from! Denise, Macon, GA, “I’m loaning an investor for a flip property from my self-directed IRA. What interest rate should I ask for?” Maxine, Ocala, FL “What’s the difference between a Promissory Note and a Security Deed?” Eduardo, Ft. Worth, TX “Where do I go to find private money lenders?” Warm Leads Cold Leads James, Ooltewah, TN “An investor buddy of mine has approached me with a proposal to provide gap funding for one of his deals. This will help with the down-payment and interest payments and make me a part of the project. What should I ask in return?” Chris, Pittsburgh, PA “You mentioned Equity Split recently and I was wondering what it means exactly. I think it’s a way to fund a deal. Does this mean you split the profits? And if so, what is the percentage?”  

Just accepted Christ into your life? What's next and what do we do now to please God with our actions? We find our way out of the woods this week and get an intimate know-how on proper service as new creations with our new body in Christ for God's glory and what we get out of that exactly. Title: THE PROMISSORY NOTE 2 COR 5:1-11 Introduction:2 COR 4:16-18 I: THE NEW BODY 2 COR 5:1-8 IA: OUR GOAL IS PLEASE GOD WITH OUR BODY / LIFE 2 COR 5:9 ROMANS 14:15-18 COLOSSIANS 1:10 1 THESSALONIANS 4:1 II: JUDGEMENT SEAT OF CHRIST 2 COR 5:10-11 1 COR 3:10-15 III: RECEIVE THE REWARD 1 COR 9:25 JAMES 1:12 1 PETER 5:4 2 TIMOTHY 4:5-8 ********************************** Track us down! Website: www.ficfreno.com Facebook: www.facebook.com/ficfreno/ Instagram: www.instagram.com/ficfreno/ Youtube: youtube.com/ficfreno

In episode 29 of Financially Simple, Justin goes over the different ways you could be paid when you sell your Business. When the deals have been made, there are a number of ways for you to get paid by the Buyer. Justin looks at each method, from the big check to being employed by the Buyer, and considers the pros and cons of each. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPT: Top 5 Ways of Getting Paid When Selling a Business   TIME INDEX: 00:32 - The Ways You'll Be Paid for Selling Your Business 01:34 - The Big Check 02:49 - Stock, ESOP 05:32 - Stock, Maintain Stock in the Company/Buyer's Company 08:03 - Earn-Out 12:31 - Promissory Note 18:41 - Employment 22:37 - Recap For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale USEFUL LINKS: Investopedia Financially Simple.com Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter __________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

Today's episode is one of my more exciting ones: making money out of thin air. It's not a hoax or a scam, but a viable way to create deals without taking money from your own pocket. It's never really about the numbers or the asset: every deal is built on the foundation of a promise. A buyer creates a formal promise to a seller that they need to fulfill, and that's where every deal begins. There are different types of promises that we make to sellers when we create a deal for their property. We use promises such as: The Purchase Agreement, which is a mutual promise between the seller and the buyer. There is also the Promissory Note, which many college students or anyone who has ever taken out a loan will recognize. Next is the Mortgage, which details the repercussions if the promise is not kept (the Mortgage is not paid). There is also the Lease Agreement, detailing the stipulations of the lease during its term. An Option to Purchase is a promise that the buyer will buy the property down the road at today's price. A Land Contract and a Contract for Deed. Once you understand that EVERYTHING you do is a promise, then you'll understand your integrity is on the line. In negotiations, you're showing the sellers that you're a person of integrity who can keep your promises. That's how the best deals are made. Don't forget to visit us at LarryHarbolt.com for all your real estate education needs. If you'd like copies of the forms we mentioned in the episode today, visit LarryHarbolt.com/ThinAir. Good Luck and Happy Investing!

In this episode of the podcast, we talk about a former client and an aggressive strategy we used to eliminate a potential mortgage deficiency. The client was divorced and her ex-husband kept the property. The problem for our client was that she was still on the Promissory Note and Mortgage. The divorce did not (and can not) eliminate her liability to the lender under the promissory note and mortgage. Years later, the husband passed away and the bank, in this case a credit union, pursued the ex-wife for foreclosure. Credit Unions never (in our experience) waive deficiency, so our client was still financially responsible to pay any deficiency to the Credit Union. The client did not qualify for Chapter 7, so we filed a Chapter 13 reorganization (or payment plan) bankruptcy, with the hope that the Credit Union failed to file a claim in the bankruptcy case (meaning the Credit Union would not get paid). It is an aggressive strategy because if the Credit Union had filed a claim in the bankruptcy case, they would have been entitled to payment and the payments to the bankruptcy court would have been unaffordable. We hope you enjoy this week's episode. If you have questions about how we were able to help her and why it is an aggressive strategy, please listen to the episode, or send us an email - shawn@YesnerLaw.com or www.YesnerLaw.com.

If you’re a seasoned real estate investor or want to be one, this webinar will give you some tools to help you meet your real estate investing goals.Selling a home? Get a free home value reportBuying a home? Search all homes for saleWelcome to my webinar, Investor Magic: 8 Essential Rules for Maximizing Your Real Estate Investment. If you’re a seasoned investor, or want to be, this webinar will give you some tools to help you meet your real estate investing goals. At the end of this webinar, there will be a free offer to get you started on your way to a real estate investing career.So what qualifies me to present this webinar?I have over 25 years of real estate investing experience, have closed millions of dollars in transactions, am a certified commercial investment member (CCIM), and am also a certified real estate strategist. I also have a strong background in property management and have managed and owned over 85 properties.Without further adieu, let’s get started with Investor Magic: 8 Essential Rules for Maximizing Your Real Estate Investment. You can follow along with this outline which corresponds with the above video.1. Know what success looks like. 0:53What do you want to achieve with your investment?How do you plan to get there?What is your goal?Have you written it down?Have you strategized your plan?Have you defined success? 2. Know what type of investment to make. 1:29Rental RehabbingFlippingBuySelling3. Know what path will get you there — either active or passive. 2:42What type of investment are you looking for?Active: where you manage your own property and have a hands-on approachDifferent types of passive: one way is taking two points at the closing of a finished product on the amount invested at 12% interest with a six-month guarantee. If it closed in three months, you get the full six-month portion. That is done with a Promissory Note as a private lender. Pro Forma with renderings and the cost of materials with SKU numbers are also included. Another type of passive investing path is having a property management company manage your property.What is the success rate and number of deals completed?4. Know what type of property to invest in. 3:53What type of property? Is ROI important to you? What is your measuring stick?Townhome or CondoSingle detachedDuplexTriplexQuadraplexMulti-family 5. Know the strategic location for your investment. 5:29Where do you want your property located?Depends on your investment type. 6. Craft a wealth management team. 5:49CPATax attorneyReal estate attorneyLendersInspectorsInsurance agentPest controlEtc.7. Being with the end in mind. 6:35What is your exit strategy and for how long? Do you have an exit strategy? If not, make one!More than 10 years? It depends! Five or 10 years? It depends!How about six years?Why?Law of diminishing return 8. Take action and make an investment! 7:18If you want more information, go to www.bowinn.com or call (919) 614-4533Find out more about our Strategic Investor Partnership Program.I hope you enjoyed this webinar, and I look forward to connecting with you soon!

Texas Business & Commerce Code 3.118

My goal is for you to know how the banking system works at a basic level. Terms you need to know are: Collateral, LTV, Promissory Note. Questions covered today as well: How come some banks are willing to loan money on rental properties, and others are not?  What are balloons?  Should I use them, or avoid them?  What are the risks? Robert Allen says to buy property with nothing down.  Dave Ramsey says to avoid debt and pay cash.  Who am I supposed to listen to? What’s your question? Share it! Go to this link ask.savvylandlord.me or go to www.savvyradioshow.com and leave a voice mail!

This podcast is episode number 0067 and it will be about Why It Pays To Offer Employee Advances Sometimes Construction Company Employees Need A Little Cash Between Paydays. Owning a contracting company with employees and a burning desire to generate a profit means  you need to do whatever you can within reason to help keep them focused on their job. If a need arises for cash between paydays they have several options and here are two of them: Option #1 - They get a payday loan from one of the many companies that offer that service. A typical 14-day advance of $100 will cost them roughly $15 which is approximately 391 percent annual interest rate. If they do it regularly, it can cause your good employee to get deeper and deeper in debt which means their cash flow problem gets worse not better. When do they visit the payday loan store? If they are paid for travel time to and from the jobsites they will typically do it on your time. Run the numbers and you will know it takes roughly ten minutes each way for the detour to and from the payday advance company plus ten minutes inside the store which totals 30 minutes. For Example: You pay your employee $25.00 per hour and they waste 30 minutes: Ten Minutes spent on personal business during company time costs $5.94Multiplied by three to get to 30 minutes = $17.82. If your company earns 10% net profit you need to sell $178.20 more work to make up the loss you suffered. For more on how I arrived at the numbers please visit www.FastEasyAccounting.com/ten We Live In A World Of What Is; NOT A World Of What Should Be - RandalismOption #2 - Put a process in place from your Business Process Management System (BPM) for employee loans or advances, whatever term you use to describe it. Understand the Randalism "You can be right or rich...pick one" If providing employee loans goes against your principles don't do it. If it aligns with your principles do it. There is no right or wrong answer. Never, ever charge interest on the "loan" they will not like it and they will get even. Make it Fast And Easy. Give out cash and have them sign a simple I.O.U. or write a quick note on a piece of paper or you can download a sample loan agreement at www.fasteasyaccounting.com/ela Understand that unlike a Promissory Note, where the borrower is in control of making repayments, the employer can control repayments of an employee loan. It is very important for you, the employer, to get written authorization to deduct money from any payroll check. You need to be specific about the reason for deduction; repay cash loan / advance. The employee loan or debt agreement below also makes provision for the full amount to be deducted should the employee resign. The employer would therefore be wise not to extend loans greater than the weekly / monthly salary. A more extensive agreement should be drawn up for longer term or large loans. Your labor laws may also limit deductions to a percentage of gross remuneration, so check with your local laws or your attorney before extending credit. You can download a sample at www.fasteasyaccounting.com/ela Put the paper in the Petty Cash box, give it to your bookkeeper or better yet if we are doing your bookkeeping send it to us or send us an email and we will take care of the paperwork for you. I recommend you give cash, do not write a check because they will simply visit the bank, check cashing store and cost you money like in the example above. In QuickBooks Setup An Employee Loan Process and the related report to keep track of loans and repayments. To see how the report will appear in QuickBooks go to www.fasteasyaccounting.com/ela Whenever you issue a loan record it in QuickBooks and the report will show an increase in that persons loan account. Whenever a payment is made through payroll or if they pay it back via cash or check make the appropriate QuickBooks entry and the report will show a decrease in that persons loan account. Whenever an employee loan account has a zero balance their name does not appear. I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This is one more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com In closing I want to caution you that we may or may not be a good fit for your contracting company. This guide will help you learn what to look for in outsourced construction accounting. Thank you very much and I hope you understand we really do care about you and all contractors regardless of whether or not you ever hire our services.Bye for now until our next episode here on the Contractors Success MAP Podcast.   Warm Regards, Randal DeHart | Contractors Accountant We Remove Contractor's Unique Paperwork Frustrations