LABELLE, FL. -- Diamond Equity Investments with a mailing address of 3030 N. Rocky Point Dr. W, Suite 150 is mailing out fancy brochures and letters offering to buy real estate under a "Neighborhood Beautification" scheme. Diamond Equity says they "fund the purchase and renovations of houses throughout Florida" to "Make Your Neighborhood Even Better!!"
The brochure asks for referrals of addresses and names and an exterior photo of homes so Diamond Equity can contact the owners to make an offer.
But, in reality Diamond is just one of hundreds of non-local companies offering to buy real estate at bargain basement prices, well under the market value. They usually do not end up with the property but flip it or the sales contract to others at a markup.
Typical of such companies, they operate out of a "virtual office" address. Just a mail drop, in this case a virtual office center that advertises itself saying, "Give Your Business the Professional Image it Deserves. Use a virtual business address to receive your mail and packages, register your company, and utilize for marketing purposes."
A search of the Florida Secretary of State records found no company registered with that name or the name of the "Founder and CEO" Dan Breslin." It appears they may be operating in other states, and failed to register to do business in Florida, which would lead to some issues if customers have complaints and no legal Florida address to go to take to court. The BBB indicates offices in Atlanta, Philadelphia area, and Chicago.
Their literature indicates a BBB rating of A+ which is true. But a look at the reviews and complaints may give a better indication of what to beware of. BBB Reviews
Customers have said, "Worst experience ever" and "Predatory Thieves."
ADVICE: Don't be fooled by fancy looking mailings and offers that seem to good to be true. Watch out for non-local companies that will promise quick sales, market prices with no commissions.