Monday, August 18, 2008

The Lease Purchase Option Nation

Note: Michael C. The Naked Investor) asked me render a short opinion on the state of the Lease Purchase Nation so here goes.

I have been using options for 26 years as a full time investor and found it to be a wonderful niche strategy. It has given my family a wonderful and secure financial lifestyle and freedom. Like all strategies a great deal of knowledge, work and Guts Sales© and marketing is necessary. I even went to law school to learn more about this topic in terms of legality and contracts.

Options are basically negotiated contractual rights (not firm obligations like a sales agreement). They are used in all forms of business like stocks-bonds-commodities and yes real estate. They allow you to control great real estate without the usual investment-liability-tenant & terlit hassles. When an option is tied into a lease you have control and possession without ownership. I work with 4 basic entities Buyers-Sellers-Professionals and Investors. I utilize a concept that I developed called "Arbitrage Real Estate"©™. It allows me to Sublet-Sandwich-Assign (wholesale & retail) and consult. I profit upfront, monthly,create notes and continuous passive income, not to mention option consideration and assignment fees.

The IRS and several states and cities has many rulings on real estate. The one that comes to mind is the is the the interpretation between an installment sale and a lease purchase disguised. Generally any L/P less than 5 years is fine and not an evasive tactic to avoid paying taxes. ? Remember it's all about intent. Just comply with the scope and intent of a law and you should avoid legalities. Get good advise from professional investors or mentors who are accountable to you !

Use good contracts-disclose everything you intend to do in writing and problems are avoided. In 26 years of investing I can only recall one situation in which an attorney was needed and we won. Let common sense and a non advesarial attitude prevail.

Final thoughts; If you treat your Lease Purchase operation like a business and not a hobby you will find it to be the most rewarding and profitable of creative real estate strategies. You will alway comply with the law, pay your taxes and live happily ever after.

Oh, and yes get a an accountable one on one Mentor

Success in all your Endeavors
[url="http://The"]Claude Diamond J.D.Author of Lease Purchasing for the 21st Century©The Lease Purchase Bible©[/b][/b][/url]

The Short Sale real estate Myth video

More free Lease Purchase Option information

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Sunday, August 17, 2008

I do not approve .............

WARNING !!!!!!!
Not Approved or Recommended to use my trademarked name in attraction marketing or for that matter anything else.

John Reed- I really do not approve this fellow.
Poor Poor John Reed - I almost feel sorry for this fellow. He is probably one of the most despised fellows on the web; what a negative legacy he will leave. He is the only person I know who could make me feel sorry for Russ Whitney and Rich Dad Poor Dad Author Robert Kiyosaki. His written attacks on these fellows really is overkill and rambling writing.

It seems that his entire purpose for living is to criticize almost everyone in the real estate industry including yours truly.

His pretext is that he is the self anointed consumer protection advocate. A noble aspiration except What John doesn’t seem to understand is that You can’’t be a high and mighty consumer advocate and still remain impartial especially if you are in the same business selling informational products.

The Logic; Don’t buy their stuff but it’s Ok to buy mine !

It’s a very self serving marketing approach and reduces credibility. This is the one reason Consumer Reports© a publication I subscribe to and admire accepts no advertising. You just can’t have it both ways.
John’s Worse Crime-he has no sense of humor. He once posted on his web page that he wanted to know more about me . All he had to do is pick up the phone as my number is everywhere on my publications and web pages.

I figured that I should initiate a conversation so I gave him a friendly call and I even gave him some of my materials to look over. This is probably one of the dumbest things I ever did;What a mistake. He is very intense and questioned me like like I was in interrogation in a Abu Garib.

I can’t recall who said that “it’s always waste of time to argue with an idiot”. John was looking for a new crucifixion fix and I was the Savior of the day.

Maybe he should read my fictitious character creation Johnny T. gReed stories and try to lighten up. I am told they amuse many of my readers except reedy.

Like I said earlier, I feel sorry for the guy.