Bob Diamond calls himself “America’s Tax Sale Attorney.” He sells a program called Overages Blueprint. It costs $1,497. Or you can do three monthly installments of $597. Inside, you’ll learn how to cash in on a “huge government scandal,” as Bob says in his YouTube ad. Care to know more? Read on.
So what is this loophole Bob talks about? Basically, folks fall behind on their property taxes. They get foreclosed on. Their homes go to auction. Investors buy them for cheap. The government pays off the taxes due, and pockets the remainder of the sale. But that money belongs to the previous homeowners, right? Sadly, most of them do not know this. That, or they’re too embarrassed to follow-up and collect what they’re owed. Which is where you come in.
Overages Blueprint will give you the tactics and tools to recover this money for these people and earn a commission for yourself in the process. And don’t worry, Bob says, you don’t need any experience, skills, or licenses to do this. If you’ve got an iPhone and computer, you’re good to go. Inside Overages Blueprint, he’ll supply the rest: a quick start guide, 12 video training modules, support, scripts, legal documents, and a list of the best states to work in.
Say you join. You get in, get busy, and successfully complete one deal. What does that look like? According to Bob, an average deal, start to finish, will require about 10 hours of actual work on your part. A typical finder’s fee, for you, will be about 35%. Meaning, an average commission of $10k per deal. Assuming that’s true, this new skillset is worth $1,000 per hour. Nice. I do have some concerns though. Keep reading.
My first concern is that, for us non-attorneys, this is all very confusing. Despite Bob’s claim that anyone can do this, I personally would feel like a fish out of water. And what if I unknowingly did something illegal? For example, Bob himself says that you can’t even do this in certain states. And I bet the rules are always changing. Last thing I need is the state of New York coming after me!
Second, imagine how uncomfortable it would be cold calling these poor people who just lost their home. Even if your intention is pure. Like, if I got a call from a complete stranger who said they could help me recoup money from my foreclosure? One, I’m embarrassed. Two, I’m assuming it’s a scam and probably hanging up after telling them to never contact me again. Three, say I did hear them out. And I believed them. Okay. Why wouldn’t I just look into it myself? Why let this leech make money off my misery? Am I really gonna pay some random person $10k to call the local government on my behalf? No.
Third, even if you overcame all of this, Bob says it takes four agonizing months to get paid. I’m not that patient. If I started a side hustle and didn’t see any results for at least 120 days, I might get distracted and move on to something else. I would also be worried that the person I made the deal with would change their mind and not give me my cut. Then what? Spend three times the would-be commission trying to sue them? Overall, for me, Overages Blueprint is a no. I like Bob Diamond, but not his business model.
ALTERNATIVE: How To Invest In Digital Real Estate