Profitable real estate investment is all about having the right tools and information to make informed decisions. Once you take appropriate action at the right time, your actions are bound to yield great results. But the process can be tiring especially if you have to spend a lot of time researching these opportunities.
If you are venturing into real estate especially land development and you are already tired of all the research this involves, you have landed on the right article. Because we will talk about Cody Bjugan’s VestRight; a platform that is claimed to help land investors find the best investment opportunities.
Now, before you read what I have to say about Cody Bjugan, let me let you in on a little secret: there are 2 categories of real estate: physical and digital. Imagine if you could rent out DIGITAL properties. I’m talking about renting out properties that exist ONLINE only (not in the physical world). You may not know this, but properties like this can get you much higher rent, and there are no property taxes, no repair costs, no homeowners insurance, and the profits can be MUCH greater: Digital Real Estate Video Here.
Here’s a video of my daughter’s business using this :
The course my daughter used above is much better than Cody Bjugan’s VestRight program. But since you are here to learn about Cody Bjugan, lets get back to that:
What is VestRight?
VestRight is an easy-to-use platform that allows users to structure land deals and opportunities, analyze them, and calculate their potential returns before making a decision. The platform also helps these investors to manage their portfolios.
Who is Cody Bjugan?
Cody Bjugan had the usual dream; thus completing college and work in corporate. He actually followed through with that. He studied finance and business at the University of North Dakota and worked in corporate for several years before he ventured into real estate investing.
He first invested in single-family homes and things went so well that he expanded his portfolio quickly. In 2008, he founded a land development company called Allied Development. After gaining a lot of experience in home investment and land development, he founded VestRight.
Cody wants to leave a legacy of sharing his wisdom and insight to help change the lives of other people. He is doing this through VestRight and an impact platform called Purpose Impact Fulfillment (PIF). Cody believes that impacting other people will provide fulfillment; the key to success. He is a father, husband, and a devoted Christian.
How Does VestRight Work?
Cody says that the most lucrative real investment strategy is not wholesaling, or flipping but land development. He revealed that he can use one land development deal to make more than 6 times what a house flipper will make on a single deal. According to him, his program will teach you how to cut out the competition and get good deals. Cody has been doing it for 7 years and this is how he and his team does it. This is also what they teach everyone who signs up for his program.
Off-market prospecting: They will teach you how to find lands that have potential but are not on the market. Thus, these deals are not available to everybody because they are not on the market
Approval: They will next teach you how to easily get approval for this land so that you can turn it into an approved developed land. This is a process that a lot of homebuilders in America try to avoid and Cody’s team will help you to do this.
Payday: Then you will learn how to sell these approved developed lands to home builders. The value of the land shoots up once it is approved and the demand for these lands is quite high. Thus, you will be able to sell it with minimum competition since there is a high demand.
There is another avenue for Cody’s students to make money. They can simply find the raw land and then Cody’s team will do the rest of the work to get it approved. Cody and his team will then sell it and give the student a significant share.
This program is great for both newbie and experienced real estate investors who want to increase their earning potential. But according to Cody, it is not a get-rich scheme. It is ideal for people who are resourceful, driven, have integrity and are willing to learn and build a legacy.
Cody and his team are quite selective about the people they mentor. Hence, you will need to complete a 1-minute questionnaire to help them decide if you are a good fit for the program. The questionnaire will ask about your mindset towards real estate, your financial status, and your intentions for wanting to sign up.
Once you complete the program, you can complete deals from any part of the country since the deals are done online.
What is the Cost of the Program?
The program costs a one-time payment of $15,000 but there is an option for monthly payment. If you decide to choose a monthly payment option, you will be paying $6,000 per month for three months making a total of $18,000.
Is There a Refund Policy?
VestRight has a strict no-refund policy. Once you accept the company’s terms and conditions, you forfeit the right to request refunds for any payment you make.
Should You Invest in Cody Bjugan’s Program?
Well, $15k to $18k isn’t cheap, even Cody admits this hence you need really solid reasons to sign up. Unfortunately, we struggled to find reviews on popular review platforms but we eventually found some on biggerpockets.com. Some reviewers on Bigger Pockets have positive things to say about the program and Cody’s integrity. According to people who know and have worked him, his content is accurate and he knows a lot about land development.
The only negative reviews we found are from people who have not tried the program but already have negative preconceived notions about investing in coaching programs in general so those do not count.
The bottom line is, you will certainly get reliable information when you sign up and his model is pretty solid so it will be worth learning if you are into land development. But the cost is still too steep and not having raving reviews all over the internet makes it a bit hard to bet on. Hence, invest in it only if you can comfortably afford $15k or $18k.
If not, it will be better to listen to his podcasts and probably grab his free PDF to get a bit of information here and there. But even if you can comfortably afford it, you should be ready to put in the work. Remember that this is not a quick scheme to get rich.