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 LeasePurchase.com"]Claude Diamond J.D.Author of Lease Purchasing for the 21st Century©The Lease Purchase Bible©[/b][/b][/url]
Monday, August 18, 2008
More free Lease Purchase Option information
Just go to www.TheLeasePurchase.com or www.ClaudeDownload.com
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.
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.
Tuesday, July 15, 2008
Free Lease Purchase Books and manual
Hi All,
Want a ton of free Lease Purchase manual, ebooks and newsletters ?
Then just go to http://www.ClaudeDownload.com
Want to learn more about the best way to control real estate without the usual expense and hassels ? Then go to my webpage http://www.TheLeasePurchase.com
Or Give me a call at 800 324 4652
I actually answer my own phone; find out right now
Success
Claude "The Mentor" Diamond
Cell:(970) 726 7979
Tuesday, May 13, 2008
Thursday, May 08, 2008
Lease Purchase online resources you can't live without !
Lease Purchase Online Resources
These are good days to be a Lease Purchase Investor. There are so many wonderful online resources to check prices (comps), find buyers & sellers, foreclosures, short sales, market a property locally or internationally, create and sell notes. The following are a few of my favorite online resources.
1. www.Craigslist.com: Great place to find homes and Lease Purchase or sell them, too. This is an innovative free online classified ad website that has a tremendous following.
6. www.youtube.com Make a short video of the home you are lease purchasing and listen to the phone ring off the hook. Best of all its free and your video is also listed on Google.
Honorable Mentions
These are good days to be a Lease Purchase Investor. There are so many wonderful online resources to check prices (comps), find buyers & sellers, foreclosures, short sales, market a property locally or internationally, create and sell notes. The following are a few of my favorite online resources.
1. www.Craigslist.com: Great place to find homes and Lease Purchase or sell them, too. This is an innovative free online classified ad website that has a tremendous following.
2. www.Ebay.com: Tons of real estate here and a great way to show your home to a large audience. I have several investors who have used this method exclusively and who have saved a fortune in real estate commissions and marketing costs. It’s a good place to locate deals and to find motivated sellers, too.
3. www.Zillow.com: One of the new guys on the block. It offers free competitive prices and satellite pictures to boot. Don’t even ask me how much I have paid other commercial services for the same stuff which I can now get for free from Zillow. Excellent layout and easy to navigate.
4. www.RealestateABC.com: Things are looking good. Here is another resource page with free access to historical purchase prices, estimates of current values, aerial photos and more. Freebie.
5. www.Blogger.com: This amazing site that is owned by Google, actually allows you to have a free web site or better said a Blog (web log). The setup is simple and you don’t need a degree in “geek” to have an operational rent-to-own web page.
6. www.youtube.com Make a short video of the home you are lease purchasing and listen to the phone ring off the hook. Best of all its free and your video is also listed on Google.
Honorable Mentions
7.www.Google.com and www.Yahoo.com: The old standards in search engine browsers. Both have payperclick sponsored listing so you can set up your own keywords.
www.PropertyShark.com: Free foreclosure listings and comps in major metro markets.
www.GutsSales.com:If you want fast results make sure you are using the 3 step staircase of success. An innovation in sales training where there are no more cold calls.
www.PropertyShark.com: Free foreclosure listings and comps in major metro markets.
www.GutsSales.com:If you want fast results make sure you are using the 3 step staircase of success. An innovation in sales training where there are no more cold calls.
8.www.ClaudeDiamond.com:
Contemporary Lease Purchase information including written, video and podcast audio. Here you will find personal, informative, humorous and slightly irreverent real estate information that no other resources will post. Enjoy!
Contemporary Lease Purchase information including written, video and podcast audio. Here you will find personal, informative, humorous and slightly irreverent real estate information that no other resources will post. Enjoy!
Tuesday, May 06, 2008
Monday, May 05, 2008
The Who-What-Where and When of Lease Purchase
The Who-What-When-Where-Why & How of Lease Purchasing
By Claude Diamond
It’s a good idea to periodically review the basics of Lease Purchasing.
Who should do a Lease Purchase? Anyone who wants to do smart, profitable and non-adversarial real estate. There are many ways to do a deal, but few allow you to profit up front, limit liability, credit is not always an issue, small if any cash investment and no competition.
What is a Lease Purchase? Simply said, it’s a lease and a right to purchase (rather than an obligation). You have the same control as ownership without the liability. There is no violation of due on sale and there are great profits.
When do you do a Lease Purchase? There are many situations when optioning a property with a lease is so much easier and safer than buying a home or negotiating with alternative strategies. It’s great for the starting or seasoned investor. No more chasing tenants for timely rent payments, no more weekend maintenance. A Lease Purchase allows you to do what you do best as an investor. Your objective is to do deals and not get bogged down with time consuming and unprofitable activities.
Where do you do a Lease Purchase? Anywhere people live. Lease Purchasing works on all types of properties like single family homes, condos, town homes, mobile homes and land. You start out locally and then can develop a county, state, national or international business with very low overhead.
Why should you use Lease Purchasing? It’s smart real estate! You profit up front, without buying the home. You learn to control real estate instead of the other way around and you don’t need a real estate license. Let your competition do the old fashioned hard, complicated, costly and high liability stuff.
How do you do a Lease Purchase? You learn the concepts by studying my written, audio and visual information. CheckIn the case of someone who wishes to excel or make a career change, I recommend One-on- One Mentoring. There is no substitute for having your own success teacher.
By Claude Diamond
It’s a good idea to periodically review the basics of Lease Purchasing.
Who should do a Lease Purchase? Anyone who wants to do smart, profitable and non-adversarial real estate. There are many ways to do a deal, but few allow you to profit up front, limit liability, credit is not always an issue, small if any cash investment and no competition.
What is a Lease Purchase? Simply said, it’s a lease and a right to purchase (rather than an obligation). You have the same control as ownership without the liability. There is no violation of due on sale and there are great profits.
When do you do a Lease Purchase? There are many situations when optioning a property with a lease is so much easier and safer than buying a home or negotiating with alternative strategies. It’s great for the starting or seasoned investor. No more chasing tenants for timely rent payments, no more weekend maintenance. A Lease Purchase allows you to do what you do best as an investor. Your objective is to do deals and not get bogged down with time consuming and unprofitable activities.
Where do you do a Lease Purchase? Anywhere people live. Lease Purchasing works on all types of properties like single family homes, condos, town homes, mobile homes and land. You start out locally and then can develop a county, state, national or international business with very low overhead.
Why should you use Lease Purchasing? It’s smart real estate! You profit up front, without buying the home. You learn to control real estate instead of the other way around and you don’t need a real estate license. Let your competition do the old fashioned hard, complicated, costly and high liability stuff.
How do you do a Lease Purchase? You learn the concepts by studying my written, audio and visual information. CheckIn the case of someone who wishes to excel or make a career change, I recommend One-on- One Mentoring. There is no substitute for having your own success teacher.
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