[Audio] 108 » The Many Advantages (and Little Risk) to Lease Purchasing » Claude Diamond
Summary: In this episode, I’m having a great time talking with Claude Diamond, a wonderful friend, mentor and coach of mine. Claude’s been doing this for 30 years and he has a wealth of knowledge to share with us. In today’s episode, he’s telling us why loves lease purchasing. Basically, it’s because his investments are low risk and his liability is minimal to none. But there are loads of advantages too, all of which he explains. So, let’s get going because this episode is packed with awesome info… Listen and enjoy: What's inside: 2:15 – Claude introduces himself 5:30 – When Claude began lease purchases 13:30 – How lease purchasing avoids risk and the importance of just making offers 17:12 – Why you don’t have to negotiate with lease purchasing 19:55 – Claude and Joe role play a seller and investor call scenario 30:25 – How long to spend on a call with a seller to know if they’re gonna play ball Mentioned in this episode: <a href="http://www.podio.com" target="_blank">Podio</a> Claude’s website <a href="http://www.claudediamond.com/" target="_blank">Claude Diamond</a> <a href="http://www.onenote.com" target="_blank">OneNote</a> <a href="http://www.evernote.com" target="_blank">Evernote</a> <a href="http://www.RealEstateInvestingMastery.com" target="_blank">Real Estate Investing Mastery</a> Tweetables: [Tweet "Thanks to REI I have a lot more freedom and control of my life, time for my family, and I'm debt free"] [Tweet "Leverage is the key to this real estate business. We want to control a lot with a little"] [Tweet "Lease purchasing is a great strategy: very little risk; you can control property without owning it"] Transcription: <a href="http://www.realestateinvestingmastery.com/wp-content/uploads/2015/05/REIM-108-The-Many-Advantages-and-Little-Risk-to-Lease-Purchasing.pdf" target="_blank">Download episode transcript in PDF format here...</a> Joe: Welcome, this is the Real Estate Investing Mastery podcast. Hey everybody, welcome. This is the Real Estate Mastery Podcast. Really glad you’re here. How are you doing, Claude? Claude: I’m doing great Joe. How are...? What are you wearing? Your bath robe there? I know it’s cold. Joe: It’s a sweater and it’s a St Louis Cardinals T-shirt below it. Claude: Oh. Joe: But, yeah. I mean, here I am in St Louis. It's 40 degrees. It’s kind of cold. It was actually 10 degrees the other day. But, you’re in San Diego… Claude: We’re suffering here too in San Diego. Joe: Oh, no. I feel so bad for you. Claude: I had to hurt my wrist adjusting that air conditioning knob all the time to 75, 80 degrees. You don’t know, man. Joe: I feel so bad for you. I’ll send you some brownies. Claude: I’ll send you some brownies when I go back to Colorado but don’t let the kids get them. Joe: Those of you... Thank you. Thanks. Claude: That was a Colorado joke. And, those of you who know what I’m talking about, you adults in the room, okay? Joe: My wife just brought me some Starbucks. Claude: Oh, my wife freshly ground the Starbucks and brought it to me pretty good. I think there’s nothing like... I drink a lot of coffee and a lot of fresh fruit and things like that during the day. I’m on this desk. Joe: But, we don’t want to talk about what you put in the coffee. Claude: Oh, no. Nothing. Joe: Oh, yeah. Yeah. Claude: That comes at 4 o’clock. Joe: Okay, those of you listening to the audio we just put a Grey Goose bottle in the picture. Claude: Oh, okay. Joe: So, listen guys. This is Real Estate Investing Mastery podcast. Welcome! This is something Claude and I had scheduled for a long time. And, we just got on Skype and we’re like, “Well, what do you want talk about?” “I don’t know. What do you want to talk about?” So,
