The following segment was a paid advertisement by DR Marketing Group, airing on Incredible Discoveries on Lifetime Television. Joining the show was Bob Diamond to discuss his real estate seminars.
DR Marketing Group: We took our cameras out to Las Vegas. Take a look at what people are doing with Bob’s system.
Diamond: Las Vegas is an opportunity of a lifetime. We’re here right now as prices are going down, this is the time to buy and everybody knows buy low, sell high but it seems that everybody gets so scared when everything goes low and they think “Oh nobody’s buying or nobody’s selling, how do we do this?” and that’s when everybody gets freaked out. That’s when the smart, savvy investors go in and they say alright we’re buying stuff at rock bottom prices, we’re going to hold on to it and when it goes back up again then we’re going to sell it all. These last 3 months we’re on our 38th deal right now. When the financial markets are going crazy, whether you’re in Las Vegas or whether you’re in Timbuktu, the financial markets across America are going crazy and the deals are just getting better and better, so we’re on our 38th, we’re getting properties, a property or 2 accepted a day. So we’re buying or selling pretty much a property every single day. This is Bob and Doris’ house, this is going to be their first flip they’re doing with us…
Bob: This is our first, it will be a flip and then we’re going to do some buying and hold property. The purchase price on this was $94,000, we’re putting about $30,000 into it so we’ll have $124,000 into this and the exit price will be $190,000.
Diamond: I think the numbers are great on this house because you’re looking at a $120,000 house that not too long ago was over a $300,000 house and with the way the job trends and population trends are going here that should return back to that value and the best thing is that in between now and then, you’re going to rent it and probably make $300 a month every single month. Curt will make a lot of money off of this house. When people are driving by they just see a house. Curt sees dollar signs. He’s going to be feeling dollar signs as the years go on.
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