Episode 107: Profits in Tax Sale Overages

Bob Diamond is a practicing real estate attorney and investor with years of experience in real estate law, investment, development and is the author of three books on real estate investing. You may be familiar with Bob from his appearances on FOX, NBC, CNBC, NPR, or the Flip That House television show on TLC. Bob graduated from Villanova University with a degree in Finance in 1987 and from Temple University School of Law in 1993. He became a Pennsylvania licensed attorney in 1993. During his career outside of real estate and law, Bob worked for Meridian Mortgage in their default and REO department, for Arthur Anderson and Coopers and Lybrand as a business consultant, and for the international law firm Cozen O’Connor as a real estate attorney. For his own account, Bob has been investing in real estate for over twenty years and has participated as the buyer, seller, or attorney in over one hundred million dollars in real estate transactions over the past twenty years. Bob has been teaching real estate investing since 1999 so you have probably heard of Bob in the investor world where he is known as the ‘guru’s guru.’ Because of his legal expertise and experience as a real estate attorney, Bob is sought after for his advice and counsel. What you’ll learn about in this episode: The breakdown of what a tax sale is and how a tax sale overage works How you can find real estate tax overages How real estate tax overages can provide strong cash-flow The benefits of tax sale overages The number of properties that are being sold every day in tax sales The hardest thing about the tax sale overage business Bob’s new book “Overages Overdrive” What a typical deal costs to put together and process Having a legal structure in place to ensure that the money made from a tax sale overage passes through a business account Resources: REInvestorsummit.com/BobDiamond REInvestorSummit.com/mypodcast REInvestorSummit.com/grow REInvestorSummit.com/100 REInvestorSummit.com/101