Welcome to our The Overages Blueprint review.
Real estate overage funds - have you ever heard of them? Apparently, when a property sells for more than what is owed, some extra cash may be lying around.
However, guess what? In some states, this so-called "overage" is required by law to be returned to the rightful owner.
But is this just another get-rich-quick scheme? That's what we're here to find out. The Overages Blueprint course, created by supposed real estate expert Bob Diamond, claims to teach you how to collect these overages and make a lot of money from them.
Doubtedly, can you really trust this course? Is it worth the cost? In this blog post, we'll take a closer look at what's included in the course, the price tag, and whether it's a scam or not.
Consequently, we'll also dig into any hidden costs and potential complaints, and give you the pros and cons so you can decide for yourself.
NOTE: scroll down if you'd prefer to watch a video!
For full transparency, you need to know that I am NOT an affiliate of the product being reviewed on this page and have no connection with its creator. That said, there may be other affiliate links on this page, and if you purchase something as a result of clicking one of them, I may receive a commission (at no cost to you). However, you can be sure that I only recommend products that I believe are high quality. Also note that my results with affiliate marketing are not typical and your results may vary, indeed you may make nothing at all!
What is The Overages Blueprint?
Basically, the Overages Blueprint course teaches you how to make some cash by exploiting a little-known government loophole.
Furthermore, when people don't pay their property taxes, the government auctions off their homes to recoup the money.
But sometimes, the sale makes more money than needed to cover the taxes owed. And that's where you come in - the course shows you how to help the previous owners claim that extra cash, aka "overage funds," which the government often keeps for itself.
According to the guy who created the course, Bob Diamond, it's a super profitable business model that doesn't require any fancy skills or experience.
But even though he swears it's all legit, using phrases like "government scandal" might raise some eyebrows. And let's be real, this business idea might not be for everyone - it might not be as easy to make money as they make it seem.
Who is Bob Diamond?
Bob Diamond, is a proficient lawyer, accomplished property developer, and published author of three books centered on investing in foreclosures.
Furthermore, while not much is known about him, his legitimacy is established through his credentials as a lawyer.
Lastly, he also has a YouTube channel where he shares his insights on real estate investing and taxes.
Indeed he calls himself "America's Tax Sale Attorney" and has seen a profitable opportunity in real estate foreclosures.
What does Bob Diamond Course "The Overages Blueprint" cost?
The Overages Blueprint program by Bob Diamond requires a one-time fee of $1,497 or three installments of $597.
Some people defend the high price, citing the course's high quality.
However, there are doubts about whether this business model is effective for everyone. Diamond also offers a similar course called "The Tax Sales Blueprint".
Though, the fee for the Overages Blueprint program includes tools, systems, and support.
What's in The Overages Blueprint?
According to Bob Diamond, a real estate lawyer, it is possible to finish a profitable foreclosure investing transaction in just 10 hours.
Certainly, the process includes selecting a lead, making a cold call, and convincing the real estate owner to sell. A commission of $10,000 can be earned from just one deal.
However, this claim may be too good to be true, as it may take a significant amount of time for cold calling to work, and legal agreements take time to sort out.
Additionally, the commission can only be received after four months, when all processes have been completed.
Altogether, Diamond promises to provide all the necessary training and support to close the deal, but there are numerous options available for those looking to start a business.
Even for those set on becoming a real estate investor, there may be better alternatives than Bob Diamond Real Estate.
Accordingly, the Overages Blueprint course is comprised of six modules that provide a comprehensive overview of foreclosures, as well as the secret method of recovering leftover taxes.
In addition to these modules, there are four bonus lessons that are included in the course.
- Module 1 teaches participants how to navigate the hidden government system that allows them to recover every penny paid as a mortgage by the previous owners of foreclosed homes. Many of these homeowners are unaware of their right to request all the money paid towards their previous home mortgage, making this a profitable business opportunity.
- Module 2 teaches participants how and where to obtain leads, specifically from previous homeowners who have undergone foreclosure. This module introduces participants to a government database that provides access to a plethora of leads. By calling the local county clerk, participants can discover how much each previous homeowner is entitled to, allowing them to prioritize leads that will yield significant rewards.
- Module 3 provides insight into the most profitable states in the US for foreclosure investing and identifies states with low chances of earning large paychecks. Additionally, this module introduces participants to people who can assist them on their foreclosure investing journey.
- Module 4 focuses on providing quick-close call scripts that allow participants to close deals quickly with clients over the phone. This module covers the entire process of recovering leftover taxes for clients after a foreclosure. This module is crucial, as sounding unprofessional during the initial phone call can result in losing the client and missing out on a potential deal.
- Module 5 teaches participants how to make finder’s fee legal paperwork and provides a template document that allows participants to bypass lawyers. Having a legal contract in place ensures that homeowners cannot change their minds about paying the finder's fee, providing protection for participants' rights.
- Module 6 introduces participants to unclaimed property law secrets, teaching them about unclaimed property laws and when overages are due to expire. Participants will also learn when to submit a claim.
In addition to the six modules, there are four bonus lessons.
Bonus lesson #1 covers outsourcing services to other people to handle tasks, while bonus lesson #2 introduces a free auto-dialer that helps participants reach more leads daily.
Bonus lesson #3 teaches participants how to set up a professional website in under 30 minutes, and bonus lesson #4 provides access to a member's area that includes a community, social groups, live training, and free workshops.
Are there any additional or hidden costs?
The cost of the Overages Blueprint program by Bob Diamond is a one-time fee of $1,497 or three installments of $597, and it's worth noting that there are no additional or hidden costs beyond this.
Although the program includes tools, systems, and support, some may find the price quite expensive, which could be a downside.
While some argue that the cost is justified by the high quality of the course, it's important to consider whether this business model is effective for everyone.
Meanwhile, It's worth noting that Diamond offers a similar course called The Tax Sales Blueprint, which may be a better fit for those on a tighter budget.
Is The Overages Blueprint a scam?
No, I wouldn't say that The Overages Blueprint is a scam, but it may not be the perfect fit for everyone.
Henceforth, this course teaches you how to exploit a government loophole and collect "overage funds" - a legit business model according to him.
Evidently, Diamond, a real estate lawyer, claims you can make a $10k commission from just one deal.
Correspondingly, this pricey course (at $1,497) comes packed with six modules and four bonus lessons, all about foreclosures and getting leftover taxes back.
But here's the catch - it could take a lot more time to make money through cold calling and legal agreements.
Though, the Overages Blueprint course might not be the easy money-maker it's advertised to be and might not be the best option for everyone.
If you're considering starting a real estate business, you might want to consider other options.
Are there any The Overages Blueprint complaints?
After searching through Trustpilot, we were unable to find any reviews of the Overages Blueprint course. However, other websites like "Bigger Pockets" have discussions about the course's level of difficulty.
According to some lawyers, the amounts of taxes recovered can be relatively small, and it may take a substantial amount of resources to make a decent living with this business model.
Particularly, one user even shared their experience, saying, "I participated in a multifamily investing program with Bob Diamond about 6 years ago. It resulted in bad news all the way around. Had to hire my own attorney to have Diamond release me from a fairly draconian agreement. I suggest you move on to more credible sources IMHO.”
Nonetheless, this comment raises concerns about the credibility and effectiveness of Bob Diamond's courses. It is crucial to thoroughly research and consider credible sources before investing in any program.
Bob Diamond Course Pros & Cons
- The course teaches how to make money from a little-known government loophole called overage funds.
- Bob Diamond is a legitimate lawyer with experience in real estate foreclosures.
- The course provides comprehensive training and support, including tools and systems.
- It covers various modules, including quick-close call scripts and legal paperwork templates.
- This course includes bonus lessons on outsourcing and using an auto-dialer to reach more leads.
- The course is expensive, with a one-time fee of $1,497 or three installments of $597.
- The claim that a commission of $10,000 can be earned from just one deal may be true, but possibly not the norm.
- The process of cold calling is not for everyone, certainly wouldn't be for me as an introvert!
The Overages Blueprint review verdict
All in all, we believe there are better ways to make a living online.
Markedly, the Overages Blueprint course by Bob Diamond supposedly teaches you how to make a lot of money by collecting overages from foreclosed homes.
The cold calling method involved won't be attractive to any of us introverts out there!
The course has six modules that go over the foreclosure process in detail, but it might not be as easy to make money as they make it sound.
So, if you're trying to make some cash online, it might be worth looking into other options.
Thank you for reading our The Overages Blueprint review. We hope it has helped some in your decision making process.
Have a blessed day!