Make money through the government’s loophole, is America’s tax sale attorney, Bob Diamond’s unconventional money-making method. He makes a 30% to 40% commission by helping property owners recover tax overages from foreclosed properties. It sounds illegal, but Bob assures it’s 100% safe.
Overages Blueprint is a 6-module course on how to make at least $10K commission by becoming a tax overage middleman. How is it possible? When property owners can’t pay their taxes, the government forecloses the property and auctions it to cover the unpaid real estate tax balances. Most of the time, the auctioned value of the property is higher than the taxes due. The government keeps the difference (overages) unless the property owner files a claim to recover them. Most owners don’t know it’s possible or are too busy to bother. This course teaches you how to help owners recover the tax overages for a commission. Overage Blueprint costs $1,497 one-time payment. You can also pay in three installments of $597. Students of the course get
full video training modules,
cold-calling and negotiation scripts,
downloadable contracts and,
list of states where overages are legal.
The man behind this unique money-making method is Bob Diamond. He calls himself America’s tax sale attorney. He’s a lawyer, three foreclosure books author, and an online entrepreneur. Bob studied business and philosophy at Villanova University in Pennsylvania. After graduation, he pursued law at the Temple University School of Law, in Philadelphia. His first stint as a lawyer was as a consultant for Coopers & Lybrand Consulting. He then became a real estate attorney for Frey Petrakis Deeb Blum Briggs & Mitts. This is when Bob became interested in property foreclosures and tax sale overages. He founded his International law firm, Diamond Law Center, LLC. The law firm specializes in foreclosure matters and overage claims.
Overages Blueprint and the Tax Overage Middleman Business
Overages Blueprint offers a legitimate business opportunity, and it does not require capital investment. All you need is decent training from an overages expert like attorney Bob Diamond. According to ATTOM, there are already 124,539 foreclosure filings, payment defaults, and property auctions in the U.S. as of the third quarter of 2023. This number is 34% higher than last year. This data shows that there could be an increased demand for tax sale middlemen.
The biggest issue with Overages Blueprint is the business model itself. There’s no 100% guarantee of getting compensated for your efforts. Everything is a gamble. You may find good property owners who’ll successfully claim their overages and pay you the agreed commission. But there are also those who run away after claiming the excess funds. Some clients may even turn out unqualified for an overage claim after you’ve invested time in finding them and doing all the paperwork on their behalf.
Another limitation of this biz is that you can’t file an overage claim right away. Overage claims can only be filed after the redemption period and it varies in different states. The state of Arkansas has the shortest redemption period, only 30 days. The longest one is Wyoming, which has a 4-year redemption period. You need to wait until the foreclosed property’s redemption period is over before you can file for the overage claim. So, it may take a while before you get your commission. And that’s IF everything goes well and the property owner delivers what they promised.
Overall, Overages Blueprint offers a decent money-making method. But it’s too complex for beginners and there are too many risks involved. The most obvious one is that the property owner may back out anytime, especially if the property is still within the redemption period. The owner might make money enough to redeem their foreclosed property and cancel your deal.
Bob’s Overages Blueprint lays the foundation for becoming a tax sales middleman. The program includes scripts, legal document templates, and a state list. But that’s not enough to land successful deals that repay all your efforts. You’ll need additional tools and pay a recurring fee for them. One example is a skip tracing tool for finding high-potential clients. It costs $20 to $350 on average.
There are other business models that are less-risky, low-capital, and easier for beginners to learn. Local lead generation is the best online biz, and you only need $500 to start. Once your site is ranked in Google, it generates leads you can sell to small business owners. You earn infinite passive income while exerting minimal effort.