I had the distinct peasure to be a guest on the Podcast–Passive Wealth Stratagies for Busy Professionals hosted by Taylor Loht.
CATASTROPHIC COLLAPSE OF US ECONOMY
Foretaste of the Lockdown-Driven Collapse in the Services & Retail Sectors: Holy Moly, What a Catastrophic Mess
Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
Also
Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions
Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
Texas has been hit particularily hard by the economic collapse. Dallas is an economic power house.
The charts below are self-explanatory. Net Net, when the dust settles nothing wil be the same, but opportunities will be abundant.
Links to the specific articles follow.
Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions
Foreclosure moratorium lasts until at least end of April
Cities and states across the country are already suspending evictions and foreclosures in response to the spread of the coronavirus, but the federal government is taking the biggest step so far to keep people in their homes.
President Donald Trump announced Wednesday that the Department of Housing and Urban Development is suspending all foreclosures and evictions until the end of April.
Beyond that, the Federal Housing Finance Agency announced Wednesday that it is directing Fannie Mae and Freddie Mac to suspend foreclosures and evictions for “at least 60 days.” That would mean the moratorium lasts through mid-May, at least.
According to the FHFA, the foreclosure and eviction suspension applies to homeowners whose single-family mortgage is backed by either Fannie Mae or Freddie Mac.
“This foreclosure and eviction suspension allows homeowners with an Enterprise-backed mortgage to stay in their homes during this national emergency,” FHFA Director Mark Calabria said in a statement.
Given that Fannie and Freddie are the largest mortgage financers in the country, the move is a sizable one.
“As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage, should reach out to their mortgage servicers as soon as possible,” Calabria added. “The Enterprises are working with mortgage servicers to ensure that borrowers facing hardship because of the coronavirus can get assistance.”
Earlier this month, the FHFA and HUD reminded mortgage servicers of their options for borrowers affected by the COVID-19 outbreak.
Included among those options is payment forbearance, which would allow affected borrowers to suspend their mortgage payment for up to 12 months due to hardship caused by the coronavirus.
As for HUD, Trump made the announcement during a Wednesday press conference discussing the growing impact of COVID-19.
“The Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April,” Trump said. “So, we’re working very closely with Dr. Ben Carson and everybody from HUD.”
1 Million More People in Metro Phoenix in the Next Decade? Where Will We Put Them?
The following article was originally posted on AZ Central on January 27, 2020 and reposted by the Orion Investment Group.
As a 23 year resident of Phoenix, my only thought is OMG. Yikes, not another LA. NOOOOOOOOOOOO! But with the growth there will be many opportunities!!!
Metro Phoenix is expected to grow by 1 million people during the next decade.
That will be like adding a city the size of San Jose, California, or Austin, Texas, to the Valley.
The billion-dollar question is where all those new residents will live.
Most of the available land is on the edge of the West Valley and deep into Pinal County in the southeast Valley.
About 5 million people already call metro Phoenix home, and the region already faces infrastructure and housing affordability issues. CLICK HERE TO READ MORE
RISK vs REWARD | GREED vs FEAR NOTE INVESTORS FORUM MEETUP 2 5 20
The February 2020 Note Investors Forum Meeting
will be Wednesday, February 5th 11:30am-1:30pm
La Famiglia Restaurant, SE corner of Dobson & Guadalupe, Mesa
Special Guest Speaker: Howard Tenn
Topic:
Risk vs Reward | Greed vs Fear
Howard is a protiage of Stan Harley, January’s guest speaker. He will follow-up on Stan’s presentation. Preparing for 11/22 —
Prepare yourself for the next BIG Correction.
What happens when the music stops?
Being a former financial planner, Howard understands this topic.
SAVE THE DATE.
MARK YOUR CALENDAR
YOU WANT TO BE IN ATTENDANCE!!!
FOR WEDNESDAY FEBRUARY 5th
NOTE INVESTORS FORUM
What happens when the music stops?
The room is maxed out @ 55 attendees.
Lunch served.
Click on the link below to reserve your spot.
$16.83 includes networking, education, lunch, tax and tip.
$20 at the door.
SOLID STARTER 40 MONTH PARTIAL NOTE FOR SALE
FEATURED ASSET
GREAT STARTER SHORT TERM PARTIAL
Location: Belding, MI
Note Type: CFD
Payments Purchasing: 40 pmts
Remaining Term: 64 pmts
Monthly P & I $300.24
Seasoning: 132 months
Est Mkt Value: $89,000
Current upb: $15,182
Interest Rate: 10%
LTV | ITV: 17% | 13%
OFFERING PRICE: $10,228
Additional Assets Available
Contact:
Dave Franecki
Capstone Capital USA, LLC
480 763 8376
Dave@CapstoneCapitalUSA.com
www.CapstoneCapitalUSA.com/notevault/
NOTE INVESTORS FORUM MEETUP ~ WEDS 2/5/20
The February 2020 Note Investors Forum Meeting
will be Wednesday, February 5th 11:30am-1:30pm
La Famiglia Restaurant, SE corner of Dobson & Guadalupe, Mesa
Special Guest Speaker: Howard Tenn
Topic:
Risk vs Reward | Greed vs Fear
Howard is a protiage of Stan Harley, January’s guest speaker. He will follow-up on Stan’s presentation. Preparing for 11/22 —
Prepare yourself for the next BIG Correction.
What happens when the music stops?
Being a former financial planner, Howard understands this topic.
SAVE THE DATE.
MARK YOUR CALENDAR
YOU WANT TO BE IN ATTENDANCE!!!
FOR WEDNESDAY FEBRUARY 5th
NOTE INVESTORS FORUM
The room is maxed out @ 55 attendees.
Lunch served.
Click on the link below to reserve your spot.
$16.83 includes networking, education, lunch, tax and tip.
$20 at the door.
HOW TO READ BODY LANGUAGE
Several years ago–going way back to the late 1990’s I had the pleasure of meeting and working with Jeffery Combs of Golden Mastermind Seminars in a large MLM venture. Subsequently, Jeffery went on to build a huge personal development business. Prior to meeting Jeff, I had a fair amount of sales training via Dale Carnegie and the AMWAY business.
So what’s this post about? Bottom line —working with people and watching their body language. If you work with or interact people the year 2020 is no different than 1990 or 1998. This post is about integrating people skills into what ever business you are in. Notes, investing, real estate or whatever. It even works in personal realtionships!!! Technology is great, but people skilss is where the rubber really meets the road.
The full article is below, but you can also click on the picture to access the article and Jeffery’s site.
Personally I Read Body Language @ the Note Investors Forum Meetup and every time I speak on stage or even on the phone–which is can be done by listening very carefully to voice inflections.
____________________________________________
HOW TO READ BODY LANGUAGE
Connecting with people is easy.
You shake their hand, say hello, and ask genuine questions to get to know them.
But do you know what the person is saying beyond their words?
Let’s face it…
…If you can’t read between the lines of what they are saying or aren’t paying attention to their body language… you are missing the boat!
I know…
I’ve been in sales for over 35 years and have been a success and addiction coach for 20 years PLUS!
It’s critical that you understand how to read energy, body language, non-verbal communication, what is meant along with what’s said, and be able to read why people do what they do.
Why… you ask?
Because body language and non-verbal communication can account for over 60% of what is being communicated.
So today, I’m going to teach you how to read the signs.
DISCOVERING PREDICTABILITY
A frown means someone is sad or disappointed.
An upturned mouth means a person is happy. You learned this at a very young age without anyone formally teaching you.
Over time, you began interpreting expressions and body language.
Here’s what you require knowing today…
Human beings are predictable. The more you understand people’s predictability, the better you will be it be able to adapt and adjust to the situation.
NOW, to be in an emotional space to read people on a deeper level, you have to get beyond the fear of judging people. Being able to read people effectively DOES NOT mean you’re judging them.
It means that you live in a know state… That’s K-N-O-W. Not N-O. Meaning you see the signs, interpret them, and KNOW what is communicated.
Have you ever seen someone who broods and pouts? Their bottom lip comes up over their top lip. Then their energy drops.
Have you ever encountered someone who’s hostile and unapproachable and you could tell how angry he or she was without talking to him or her?
These are just a few examples of non-verbal communication that you require interpreting to understand body language.
So here’s the thing…
The psychology of reading body language is not that difficult once you become aware of the signs.
INTERPRETING THE SIGNS
Watch the person’s eyes.
When you ask someone a question… a simple a yes-no question like, “Have you ever considered starting your own business?” And the person answers with the sound, “Um” followed by a “Well…”
Realize these are stalling words. They are a CLUE you know you’re going to receive a story.
Pay attention to words of indecision like guess, kind of, and sorta. These are words of non-commitment.
When you ask someone a question, and they cross their legs or cross their arms… This is a clue that they are shut off or overwhelmed.
If the person has very little or a tense facial expression, their body is turned away from you, or their eyes are downcast, maintaining little contact… this typically means they are disengaged, not interested, or unhappy.
On the other hand, when you ask a person a question, and they respond immediately, this is a positive sign.
Here’s a bigger clue…
If they use a superlative like: Yes, Absolutely, or Unequivocally… this is a sign that the person is decisive. They are someone who can commit.
Examples of positive body language signs include: having an open body position… that means the arms are unfolded and hand gestures will face up. The person will hold an upright posture and have a relaxed facial expression. There will be regular eye contact… And the person’s arms will be relaxed by their sides when they are not gesturing.
UNDERSTANDING WHAT’S MEANT AND NOT SAID
O.K.
Here is one of the biggest secrets when it comes to reading the signs.
As you observe the body language of a person, also PAY ATTENTION to what’s meant… not what’s said.
What does that mean?
You can intuitively know what they mean by what they say.
I’ve been a sales professional for 35 plus years. Often, people tell me what they think I want to hear.
Here are some examples:
“Yeah, what I’m going to do is look over this information, and I’m going to get back with you.”
“Yeah what I’m going to do is hire you just as soon as I get my money together.”
“Um… I’ll call you after the holiday.”
“This sounds great BUT… I have to run it by my spouse.”
It’s your responsibility to understand who means what they say and who’s telling you what they think you want to hear.
When someone says to me, “I’m sure you can appreciate I have to run to buy my husband.” In reality, I appreciate someone who can make a decision. The person is assuming that I’m going to agree with them.
Now, I’m not going to disagree with them, but I understand what that means. I also know that some people DO require to speak with a significant other. I do understand that they require to get approval from someone else or acknowledgment.
BUT I also ask a question to test the situation.
“Can you close your husband?”
“Can you close your significant other?”
“Are you going to be able to ask for a loan from your bank?”
These are situations where you learn to ask further questions.
GETTING GOOD AT READING PEOPLE
When you get good at reading people, you can see the non-verbal communication in their eye irises. You can see it in the smirks in their face. You can see the downtrodden corners of their mouth. You can see how high or low their energy is.
And by interpreting the tone of a person’s voice, you can hear vibrationally where he or she is coming from.
Be attentive when you ask a question.
Does the person cross his or her legs? Do they look away? Does his or her eye iris’s go up and out? Does the sound “UM” come out of his or her mouth? Does the person start telling you a story completely unrelated to the question you ask?
Watch the person’s body language. See how closed and contained he or she is…
…or how open he or she is.
These are all telegraphs… They are signs.
The more you pay attention to the signs, practice interpreting the non-verbal communication, and read body language… the better you will become at the science of reading people.
2020 GOALS FOR REAL ESTATE ENTREPRENURS
I thought this post by Jim Ingersol was so to the point. Just outstanding. Jim and I met on a Walter Wofford / Quest IRA cruise several years ago. Jim and his wife Janice live in the Richmond, VA area. He is a real pro. Trustworthy and to the point. A no BS type of guy. A great human being!!
Let’s start by looking forward 10 years, to the year 2030. What do you really want your life to look like? Take a minute and write down your answers to the following 5 questions.
1. Who do you want to be spending the most time with?
2. How physically fit do you picture yourself?
3. How much time freedom do you want and what do you want to do with it?
4. Where will you want to travel (and with who)?
5. What impact do you hope to be making in 2030?
All things are possible, but first you have to know where you are heading and then believe in yourself to make it happen. You have to dig deep and really discover your “why.” Without knowing your “why” you will likely run away from your dreams as soon as you hit your first obstacles. So how do you really find your own “why?”
2019 in review – Now take a look back at 2019 by looking through your photos on your phone (and in facebook), look through your dropbox, review your journal, take a look at what went great and what your business struggles were, look through your dropbox and your journal along with the places you went and the people you met in 2019. Which things brought the most joy and what did you learn in your struggles? Reflection can be an important piece of planning for your future!
The two most important days in your life are the day you are born and the day you find out why.
– Mark Twain
CLICK HERE FOR THE FULL ARTICLE
STAN HARLEY OPENS 2020 @ PHX NOTE INVESTORS FORUM
The January 2020 Note Investors Forum Meeting will be
Wednesday, January 8th 11:30am-1:30pm
La Famiglia Restaurant, SE corner of Dobson & Guadalupe, Mesa
Special Guest Speaker: Stan Harley
Topic:
Economic Predictions – 2020 and beyond
Stan Harley and his market insights/wisdom
have made Stan the Note Investors Forum Meetup favorite speaker. Stan has shared the stage with Harry Dent
and other well known economists.
If you have not heard Stan speak in the past,
YOU NEED TO SAVE THE DATE.
MARK YOUR CALENDAR
YOU WANT TO BE IN ATTENDANCE!!!
FOR WEDNESDAY JANUARY 8th
NOTE INVESTORS FORUM
The room is maxed out @ 55 attendees.
Lunch served.
Click on the link below to reserve your spot.
$16.83 includes networking, education, lunch, tax and tip.
$20 at the door.
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