I Interviewed A Real Estate Expert So You Don’t Have To with Bob Diamond

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Prepare for an enlightening conversation as Igor sits down with Bob Diamond, a highly accomplished entrepreneur and real estate expert, in this captivating episode. Together, they unravel Bob’s remarkable journey and the secrets to his success in the world of real estate investing. From his early days of flipping houses to becoming a sought-after speaker and mentor, Bob shares his invaluable expertise in creative financing, deal structuring, and market analysis. But it doesn’t stop there. Get ready to be inspired as Bob imparts wisdom on topics such as finding success faster, overcoming setbacks, and the power of taking responsibility for your decisions. Tune in and discover the strategies and mindset that can lead you to financial freedom and a fulfilling entrepreneurial career.

Guest: Bob Diamond is a highly accomplished entrepreneur and real estate expert with a passion for helping individuals achieve financial freedom through real estate investing. With over 20 years of experience in the industry, Bob has successfully navigated the ever-changing market and built a multimillion-dollar real estate portfolio. As the founder and CEO of Diamond Realty Investments, he has provided valuable guidance and mentorship to aspiring investors, helping them achieve their financial goals. Bob’s expertise in creative financing, deal structuring, and market analysis has made him a sought-after speaker and educator. 

[00:00] In this episode, Igor is joined by Bob Diamond to discuss Bob’s career struggles, dating advice, life advice, and more!

[00:54] How Did Bob Diamond Get Into Real Estate Law?

  • When I graduated from college, I went to work for a consulting company. I was doing systems consulting, and big IT implementations and I thought it was boring.
  • I went to law school. And while I was in law school I got interested in real estate, I was buying houses and flipping them. That’s how I paid for law school.
  • I decided to go into real estate law so I could do more deals.
  • To this day, I have lots of real estate decent portfolios that I still do in real estate law. And it turned out to be a good move and was a very good investment.

[04:16] Becoming A Coach:

  • I was about 10 years into my investing career, and I got an opportunity to take over one of the Saturday morning talk shows.
  • I’d written a book, I guess about 10 years into my investing career on how to do what I do.
  • I just went on the air and said, “Hey, if you want to learn about real estate, I’m going to do an event this weekend, I’ll teach you about what I do.” And so I did a 90-minute presentation, just doing whatever and I sold people the book and a weekend seminar.
  • Getting your customer is only step one. And if you break even you’ve got the keys to the kingdom. And that’s not easy to do. But that’s how I launched my entrepreneurial career.

[09:43] Finding Success Faster:

  • If you get together with the right expertise, and learn what the heck you’re doing, you’ll be much more successful much faster.
  • Because if you don’t, it is just dead end after dead end. 
  • You can succeed. Sometimes you crush it, but it’s much harder and much less certain.

[12:46] Foreclosures And Refunds:

  • For someone who lost their house, a tax sale, or mortgage foreclosure sale, and doesn’t think they’re ever gonna get anything, to get a check for $50,000 is really life-changing.
  • We contact people that have lost their house at a foreclosure auction. If the house sells for a lot more than the debt, we can get on that, that extra money back.

[17:52] Procrastination And Productivity:

  • We overestimate what we can do in a day. And we underestimate what we can do in a year.

[24:30] Opportunities In Setbacks:

  • Every setback carries an equal seat of opportunity.
  • A big setback would point me in a different direction or make me adjust my trajectory in a way that will lead to success.

[25:43] Igor’s Podcast Funnel:

  • We’re going to be testing something that I call a podcast funnel, where the lead generation funnel will feel like a podcast. But it’ll do the same thing as a webinar or a VSL

[27:00] Life Rules For The Next Generation:

  • I would say number one, believe in the way you feel. And believe in your gut and believe in what you see.
  • I think often in life, not only in dating, relationships, business relationships, it’s all there for you to see but at your own peril, you choose to ignore it.
  • You need to trust your own judgment but don’t force it, don’t try to make it something it’s not.

[31:21] Dating Advice By Bob Diamond:

  • When you’re dating someone, the first thing to do is talk about things that really matter to you.
  • The relationship matures from just wanting to devour this person, because you’re so into them. So this really needs to be founded on friendships and common values.
  • Make sure that you’re really aligned with values, and that it’s someone that you could see as your best friend. On top of the attraction, it needs to be there.

[34:20] What Makes A Successful Person?

  • I was reading a book by a woman who interviewed 300 entrepreneurs and their parents. And she was trying to figure out like, sort of what makes for a successful entrepreneur and parenting.
  • It’s called Raising an Entrepreneur by Margot Machol Bisnow.
  • So what she found universally, is that the entrepreneur had someone in their life, usually their mother, but it doesn’t have to be usually their mother, sometimes a mentor, sometimes the father, who believed in them, and told them to believe in themselves and trust themselves.
  • And I find with entrepreneurs who are successful, they do believe in themselves. 
  • You got to understand, you’ll go down this journey, you’re gonna run into problems, and you gotta have faith that you’ll know how to fix it.

[35:34] Take Responsibility For Your Decisions: 

  • The other thing that I’m noticing is that it’s important to take responsibility for decisions, even if those decisions are of other people. 
  • I noticed that people who really advance in life tend to be okay with dealing with the consequences of decisions.

[36:00] Shiny Object Syndrome:

  • We see people suffer from the shiny object syndrome.
  • They see the next shiny thing be like, “Oh, maybe that’s easier.”
  • They hop over and they get excited about this new thing until they hit another decision making point.

[38:00] Playing The Blame Game:

  • There’s no no point really in creating a culture where we’re looking for the criminal rather than trying to identify this problem, so we can create a solution.
  • Identify where this protocol is failing, even if the protocol involves people in their decision making process, how can create a protocol where the decision making processes are easier, where there’s less room for mistakes with the decision making process.
  • It’s okay to make mistakes, but not okay to not make decisions.

[57:24] Everything Is Contagious:

  • There’s a great book that I really like to reread every now and again. It’s called 48 Laws of Power by Robert Greene. 
  • If you’re around negative people, or people who get sick a lot, it becomes very contagious very quickly, and it has an effect on you.
  • Which is why you always want to surround yourself with people who are smarter than you, richer than you, healthier than you. So the contagiousness goes the other way.

[01:04:00] Connect With Bob Diamond:



Igor Kheifets is an amazon best-selling author of the List Building Lifestyle: Confessions of an Email Millionaire.

He’s also the host of List Building Lifestyle, the podcast for anyone who wants to make more money and have more freedom by leveraging the power of an email list

He’s widely referred to as the go-to authority on building large responsive email lists in record time.

Igor’s passionate about showing people how to live the List Building Lifestyle.