WORLDS Greatest Business Reaveled - Bob Diamond | Overages Business

Summary

Attorney and business mentor Bob Diamond introduces a multi-million dollar opportunity involving tax overages, a lesser-known aspect of real estate. He shares his discovery from 2011, explaining how individuals can claim excess funds from property tax sales without significant risk or investment. Diamond's system allows people to earn substantial income by helping former property owners recover unclaimed funds, with examples provided of individuals who have successfully claimed thousands of dollars.

Takeaways

• 📺 The speaker is Bob Diamond, an attorney and business mentor who has appeared on major media outlets.
• 💼 He introduces a business opportunity he discovered in 2011, which is multi-million dollar and accessible to anyone.
• 💡 The opportunity involves helping people without the typical business risks such as capital investment, loans, hiring staff, or renting office space.
• 💰 Individuals can earn substantial income by learning the process and putting in the work, with examples given of people earning thousands of dollars.
• 📈 The script mentions the impact of inflation on daily expenses and the potential of this business to provide extra cash without needing additional jobs.
• 🏠 The business is related to the real estate market, specifically dealing with properties sold at tax sales.
• 🔍 Bob Diamond's personal experience with a client losing land at a tax sale led him to discover the potential of recovering overages from such sales.
• 🤑 He explains that for every property sold at tax sale, there can be leftover funds that the former owner could claim, which often goes unnoticed.
• 📚 The process involves identifying these overages and filing an application to claim the funds on behalf of the former property owner.
• 📈 According to JP Morgan Chase, over 3,000 properties are sold at tax sales daily, with recoverable funds adding up to millions daily.
• 🔑 Bob Diamond has turned this into a system and is now teaching others how to do it, emphasizing the large scale of potential opportunities available.

Q & A

Who is Bob Diamond and what is his background?

Bob Diamond is an attorney and business mentor who has appeared on major media outlets like Fox and NBC. He has been an attorney since 1995, focusing on real estate, and is also a real estate investor.

What is the 'world's greatest business' that Bob Diamond talks about?

The 'world's greatest business' refers to a multi-million dollar opportunity in the real estate market, specifically related to recovering money from tax sales of properties. It involves helping people who have lost their properties to tax sales reclaim the excess money from these sales.

What are the typical risks that Bob Diamond claims this business avoids?

This business avoids risks such as needing to put up a lot of money, getting a business loan, hiring staff with payroll responsibilities, renting an office, and paying for equipment.

How much money can be potentially recovered and kept by those involved in this business?

People involved in this business can generally keep 30 to 40% of what they recover. For example, Sherry recovered a check for $9,797, keeping over $3,000, while Jack recovered $33,347, keeping over $10,000.

What is the impact of inflation on people's ability to make ends meet, as mentioned in the script?

Inflation has significantly increased the cost of everyday items, making it difficult for some people to afford basic necessities. The script suggests that this business can help people bring in extra cash to counteract the effects of inflation.

How much time does each deal in this business typically take to complete?

Each deal in this business takes about 8 to 10 hours to complete.

How did Bob Diamond accidentally discover this business opportunity?

Bob Diamond discovered this opportunity while working on a case where a client had lost a piece of land at a tax sale. He noticed that the property had sold for more than what was owed on it, leading him to the idea of recovering the excess money for his client.

What is the average number of properties sold at tax sales every business day, according to JP Morgan Chase?

According to JP Morgan Chase, more than 3,000 properties are sold at tax sales every business day.

How much money is potentially recoverable from these tax sales on average per day?

On average, a couple of million dollars per day are recoverable from tax sales.

Why do most people who lose their properties at tax sales not claim the excess money?

Most people are unaware that any money is available to be claimed. They think the government keeps the money after selling their property, and they often don't have the resources to consult with an attorney to find out otherwise.

What is the process for a former property owner to claim the excess money from a tax sale?

The former owner must be aware that the money is available and then file an application to claim it. If they ask for the excess money back, the government will return it.