Today, we’re going to talk about Bob Diamond, a tax sale attorney. But is he someone you can trust? Let’s find out in this Bob Diamond review.
To start off, let me commend you for doing your due diligence first before listening and following the advice of this guru.
As you may already know, several individuals out there claim that they’re legitimate financial gurus. And that they know a good opportunity that can help you escape the 9-5 grind while still being able to earn a good amount of money.
They claim that the opportunity they present is something that can effectively give you financial freedom. And that they’re willing to teach that opportunity to you. For a price, of course.
Unfortunately, the legitimacy claims of these opportunities can always vary.
Some of them are proven to be legit. A few of them are just scams in disguise. Still, others may very well be legitimate, but they don’t work well according to what you want to do.
That’s why, before you spend your hard-earned money to join any of the opportunities they present to you, it’s extremely important that you do plenty of research first. So that you can decide for yourself if the opportunity offered is something that you’d like to do, or not.
And this is what this Bob Diamond review aims to do. Hopefully, this review can help you out with that important decision of yours
As a disclaimer, this is a fully unbiased Bob Diamond review, based solely on my own observation and honest opinion. Furthermore, you won’t find any affiliate links to his products here, as I’m not affiliated with Bob Diamond at all.
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Who Is Bob Diamond?
As stated in his profile on his official website, he is a practicing attorney and a published author of three books on foreclosure investing. In addition, he’s been enjoying quite a bit of success in real estate, as he’s also an active developer and investor.
He claims that he knows a so-called real estate tax sale opportunity which, in theory, can allow anyone to make money off from foreclosed properties.
He details that method into his own online course, which he named the Overages Blueprint.
As an attorney, he’s also been in real estate tax sales since 1989. Therefore, when it comes to that subject, you can be sure that he knows what he’s talking about.
Aside from the Overages Blueprint online course, he’s also the author of a few books on how you can earn money by leveraging tax sales.
Bob Diamond Review: Overages Blueprint Quick Details
- Name: Overages Blueprint
- Creator: Bob Diamond
- Website: https://www.overagesblueprint.com/
- Type: Online Training Course
- Niche: Real Estate, Tax Sales
- Price: $1,497 one-time fee, or 3 payments of $597
- Recommended?: If you’re willing to put up with some heavy work of processing those overages, then you can make a lot of money with this business method. It’s also worth noting that claiming tax overages isn’t allowed in some states due to their laws. Therefore, this may not work for everyone.
All About Bob Diamond’s Overages Blueprint
Overages Blueprint is Attorney Bob Diamond’s flagship tax sales online course. It talks about a new and unusual way (for some) to make money. By using a certain “loophole” and how you can use this little-known “government scandal” to earn money for yourself.
The mention of the statement “government scandal” may already put off some people and think of this course as illegal. But the creators of this course can assure you that this is completely legal, and you won’t be breaking any law when you do this.
After all, you can trust some lawyers, right? Maybe.
Basically, it’s about taking advantage of this certain loophole about the government’s right to auction off any foreclosed properties when some people fail to pay their real property taxes.
According to Atty. Bob, you don’t need any licenses or skills, or even experience to start this business model. Other than the hidden formula taught in this course, all you need is a phone, a laptop, and an internet connection.
How Does Overages Blueprint’s Business Idea Work?
The video advertisement about Overages Blueprint gives a very good example of how can this business model work.
Let’s say, for example, someone didn’t pay their taxes for three years, which amounts to roughly $22,000 in back taxes and penalties on a $200,000 property.
In order to pay off those taxes, the government has the right to seize the property from the original owner and put the property in question up for auction. This is called “foreclosing the property“, and it’s a completely legal process (the government has all the rights for that).
In this auction, usually, the starting price of the property is based on the amount of the taxes the previous owner has accumulated. In this case, it’s $22,000.
Let’s say, someone bought the property at an auction price of around $102,000. The government would then use the $22,000 to pay off the remaining taxes incurred by the previous property owner.
Now, let’s do the math. The property was sold at around $102,000, yet the government only needs $22,000 for the taxes.
102,000 minus 22,000, equals 80,000
Which means there’s an excess of $80,000. So where does it go?
The excess funds from the sale can go by many terms, including “tax sale overage”, “surplus”, “excess proceeds”, “overbid”, etc. And usually, the government keeps it for their own.
The So-Called “Business Opportunity”
This is where you and this online course will come in.
Some states have rules and regulations that can let the original property owner claim those overage funds for themselves. But most of them either don’t know about it or can’t be bothered to do the process.
This course will teach you how you can accomplish that process and basically help your customers recover those funds for themselves. And once they did you, you’ll be paid a certain amount of commission, a so-called “finder’s fee”. Which is usually around 30-40% of the amounts recovered.
The creator claims that this business model is profitable because almost 15,000 people are foreclosing their houses every week. And if you can tap into that market, they claim that earning around $1,000 an hour isn’t impossible.
They also claim that this business model can work because, as I said before, most people don’t have any idea that this loophole exists, or is just too embarrassed (or bothered) to do it themselves and just move on.
However, there are plenty of reasons why this business model isn’t just for anyone. Furthermore, you may be in for a rather big disappointment when you really that earning money from this isn’t really as easy as this course makes you think.
Want an alternative? Check out this business model that has helped 6,000+ people.
Bob Diamond’s Overages Blueprint Inclusions
The Overages Blueprint online course consists of the typical inclusions that you can get from an online course.
These educational materials are all prepared by Bob Diamond himself, and will teach you everything that you need to get started with this business method.
- Quick Start Guide – Included here is a guide that gives you a quick introduction about the entire online course, the business model it teaches, and everything else that you need to know.
- Video Training Modules – This is the main course itself, where you’ll now be taught in good detail how this business model works. You’ll also be taught here how to market your services to potential leads, which include paid ads, cold calling, and the like.
- Customer Support
- Scripts – As you’re going to be doing plenty of cold calling and client interaction with this business model, included in this course are some scripts that may help you in landing that client.
- Legal Documents – Since you’re also dealing with government-related services here, you’ll also need plenty of legal documents to clear when getting your client’s overages surplus. To save you the hassle of finding them, they’re also included in this online course for you to download.
- States List – The regulations for eligibility to claim one’s sales tax overage can vary from state to state. As each of them has different regulations than the other, it’s important that you know them so as you won’t face any legal repercussions.
Is Bob Diamond A Scam?
No. I don’t think Bob Diamond is a scammer. Mainly because there’s not enough evidence and complaints around several sources that claim he is one.
And if he turns out to be one, of course, his attorney license would get revoked. But as he’s
The tax overage business model is a legitimate business model that can make you a lot of money out of it.
But as I said before, only if you’re willing to invest in a lot of hard work in collecting those tax overages, especially for others.
Since obviously, you’re going to deal with plenty of legal paperwork. It might even involve you having to run to your local municipal office or other government agency offices to secure the documents needed.
Besides, not all states allow collecting tax overages from auctioned foreclosed properties. Any attempt to do so will simply not allow it, but insisting on that may have you face some more legal repercussions.
Thankfully, Bob Diamond’s Overage Blueprint gives you a list of the states that allow collecting overages and those that don’t. However, regulations change, and the course may not be updated enough to reflect it.
And another thing about the business model that Bob Diamond is teaching.
After you’ve done the due process for your tax sale overages, it would usually take a long wait of up to four months before your clients can actually collect the money. Obviously, this is such a long wait, and even worse, there’s even a chance that you won’t even be able to receive the surplus taxes at all.
If such is the case, you’ll not only waste your money (which, hopefully, should be the least of your worries), but you’ll also waste quite a lot of your time.
Pros & Cons & Bob Diamond’s Overages Blueprint
Pros
- This business model isn’t saturated, and you’ll only face little competition with this. This ensures that you’ll get steady earnings.
- Bob Diamond is a legitimate person and has plenty of experience in tax sales. This means that he knows what he’s talking about here.
- The Overages Blueprint contains everything that you need to know to get started in tax sales overages. These includes training, templates, scripts, and even some legal documents.
- They claim this business model isn’t saturated.
Cons
- Not all states in the U.S.A. allow collecting your tax overages.
- You’ll have to do a lot of work processing all the needed steps for your client to be able to collect their tax overages.
- Even if you’ve done all the due process, the waiting time for you to collect your tax overages can span several months, around four or more. That means you’ll also have to wait a long time before you can earn a commission from the tax overages.
- Even worse, there’s even a chance that you won’t even be able to receive the surplus taxes at all.
- The course and the business model itself aren’t really beginner-friendly. You’ll be able to absorb this business model if you have some background in state laws and real estate. But for an average user who just wants to have a simple side hustle, this could become very complicated.
Any Alternatives?
Bob Diamond’s business model is pretty good, despite all the cons.
But if you don’t like this idea but still want to get involved in real estate, there are quite a few online courses that can teach you various methods to earn money there.
But for me, it’s much better if you just invest your money in a course that teaches you how you can build an online business from the start.
Bob Diamond Review: Final Thoughts
Let me close off this Bob Diamond review by saying a few more thoughts of mine.
For me, the business model of assisting people in claiming their tax overages may seem to be a lucrative venture. And Bob Diamond himself has said it so well. It’s not saturated, and your potential profit could be high as well.
But Bob Diamonds seemed to have forgotten to point out that finding clients who are willing to avail of your services can be difficult on your end. Because chances are, once they know about their rights for that overage surplus money, they can just do for themselves. Thus ensuring that they can keep all that money for themselves.
Unless some people don’t like the hard work associated with it. In which case, your services are needed.
Still, I don’t recommend this business model for everyone. The slow turnaround of profits, coupled with the 50/50 chances of getting the tax overages for your clients, and the complexity of the course itself, is a big turn-off for me.
It’s much better if you choose a business opportunity that not only can give you profits at a higher frequency, but is also less complicated, while still giving you higher potential earnings.
Fortunately, you, dear readers are in luck. I can recommend you to a good system for making money online. And it provides good value for anyone.
To find out more about it, keep on reading beyond this Bob Diamond review.
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