Table of Contents
- Program Summary Review
- Introduction to Cody Sperber
- Cody Sperber’s Business background
- Cody Sperber’s Clever Investor Course Enrollment
- Course Content
- The 30 Day Challenge Course
- Reviews of Clever Investor Course
- Reddit Reviews
- Other Reviews of Cody Sperber’s Clever Investor Course
- Clever Investor Course Pricing
- Who is this Program for?
Program Summary Review
Course Name: Clever Investor
Course Founder: Cody Sperber
Price: Ranges from $97, $197 thru $5,000 and $10,000 for 1 on 1 coaching.
Product Type: Online Education, Real Estate Investing, Online RE Investment Education.
Suitable for: Not necessarily for beginners but is for business minded action takers who need a little guidance.
Not Suitable for: Lazy, negative, or procrastinators; Anyone not prepared for the steep learning curve; or to put in the work initially.
Introduction to Cody Sperber
Cody Sperber born in 1978 is an American Entrepreneur, Author, Philanthropist, and Real Estate Mentor who has become known as the “Clever Investor” (a name his wife coined).
During his time with the Navy, Cody served with distinction ending his career as a Navy Quarter Master in 2002. He was awarded several medals demonstrating his service excellence and leadership including:
- Sea Service Deployment Ribbon
- Armed Forces Expeditionary Medal
- Good Conduct Medal
- National Defense Service Medal
- Received a plank of USS Higgins
Cody started off like most, with no money trying to make ends meet, just knowing there was a better way, trying to flip properties. After several years of trial and error, some painful mistakes and lessons to last a lifetime from the school of hard knocks, he went back to school got a degree in Finance majoring in Accounting from the University of Arizona and while at Arizona State University, he saw a friend flip a house and make more than $80,000 in profit and this experience stuck with him because his friend had no special skills, resources or knowledge that he couldn’t himself acquire. So, he began researching how to become a real estate investor and the passion for investing was ignited within him.
Unfortunately, after only one year of trying desperately to “crack the code” and live the investor lifestyle, things fizzled. Cody was forced to give up on his dream and get a “real” job as a bookkeeper.
Like most with an entrepreneurial spirit, his bookkeeping job did not sit well with him and after a short career he went back to Real Estate Investing after an old friend poked and prodded him into attending a Jack Miller RE seminar and the rest is history. Long story short, with the right community and mentors, Cody was eventually able to crack the code on RE investing.
Cody lives in Phoenix, Arizona with his wife, and their two children and founded Clever Investor, LLC in July 2010.
Cody Sperber’s Business background
Cody Sperber is widely acclaimed as one of the most successful real estate investors and leading educators in the U.S. today with a track record of over 1,400 RE deals under his belt. Cody has closed around $200M worth of RE deals including wholesale deals, short sales, multi-unit, subject to, lease options and his own proprietary RE investing strategy, the Reverse Short Sale. His estimated net worth is around $20 million. He currently does between 7-15 real estate deals per month (give or take).
As a result of his success which he attributes to work ethic and ability to pick the right team, Cody has come to be known as the “The Clever Investor” by his friends and colleagues, a nickname he earned for his use of the highly creative strategies, innovative thinking, and the ability to generate buyer and seller leads. He has also published numerous books on RE Investing and now spends a lot of time teaching and mentoring students or budding real estate investors. His courses include wholesaling courses; rehabbing courses; lead generation courses and negotiation & influence courses.
Cody also has an impressive social media following including on Instagram (IG) where he has 1.2 million followers and is the # 1 most followed RE Investing account on IG; on YouTube where he has 75,000 subscribers and on Twitter where he has 18,000.
Cody Sperber’s Clever Investor Course Enrollment
Clever Investor provides cutting edge real estate investing education and software applications to investors. Cody has also managed to put together a great community of like-minded investors with the goal of bringing together the thought leaders in our industry in order to share FREE real estate investment knowledge and marketing advice. The community can be found at www.CleverInvestor.com
Cody is also passionate about mentoring, live training, and offers a variety of courses on wholesaling, flipping, negotiation, lead generation, and more.
When you click “Get Started” you get taken to a FREE RE Course Offer (see screenshot)
Once you click on “Customize your Free kit” you are redirected to select your experience level
After you select your experience level you are asked a series of questions to ascertain your REI goals and your reasons “why”?
After that you are prompted to enter your email address in order to receive your customized training.
Once you have completed entering your email address, you are again redirected to a page with recommended courses to purchase based on how you answered the questions
You then receive a short email from Cody thanking you for completing your RE quiz; welcoming you to the Clever Investor family and giving you instructions on how to access your RE Tool Kit. A copy of the email is below.
Copy of the Email from Cody
Cody Sperber <firstname.lastname@example.org>
Thanks for completing your custom real estate quiz and welcome to the Clever family.
You can access your Real Estate Success Kit by logging into your Online Learning Center here.
Link: learn.cleverinvestor.comUsername: email@example.com
Password: You will be prompted to set your password
Feel free to contact our Clever Support team if you have any questions.
While the Clever Investor offers numerous courses including: the Fast-Track Profit System; The Automated Marketing Machine; The Direct Mail Deal Maker (M5) and Negotiate Like a Pro, in this review I shall focus mainly on two.
The 30 Day Challenge Course
The course included:
- Live Weekly Q&A Calls
- 30 days worth of Daily Actions to take to get Your 1st Deal Done ASAP
- Quick Flips for Big Profits (Bonus Course #1)
- Negotiation and Influence (Bonus Course #2); and
- Direct Mail Deal Maker (Bonus Course #3)
The curriculum consists of 4 weeks of content including:
- Week # 1: Learning
how to generate leads, talk to motivated sellers and flip houses with no cash or credit.
- Week # 2: Practicing
How to take action and gain confidence to get your first deal done.
- Week # 3: Acquire
How to acquire your first property with no money out of pocket.
- Week # 4: Cash In
How to close your first deal.
The Quick Flip System Course
The Quick Flip System course teaches learners Three (3) Easy Quick Flipping Steps including:
- Step # 1: Find Motivated Sellers – 6 Different Sources
- Step # 2: Get the House Under Contract
- Step # 3: Finding a Buyer & Cashing your Check – 7 Different Sources
Plus Bonuses including: Live Group Coaching Calls; A Pro Members Area for $97 @ month; as well as where to find Funding Sources.
The Quick Flip System Course content includes 6 Modules:
Module # 1: What is wholesaling
- What is wholesaling when it comes to real estate
- What are the different types of wholesale deals
- What is title vs. deed and control vs. ownership
- The evolution of a wholesale deal
- The main skills needed to be a wholesaler
Module # 2: Setting up your business
- How to set up your wholesaling business
- Which power team members are important
- The 2 things we look for in every deal
- My general overview for processing leads
- How to use the mao formula to make offers
- Which 2 types of buyers will want your deals
Module # 3: Completing wholesale deals
- How to choose a target market
- Who to network with and how
- Building a cash buyers list
- Finding an investor friendly real estate attorney
- How to practice with free leads
Module # 4: Agreements and forms
- How to fill out a p&s agreement for the acquisition
- How to modify the agreement (vacant vs. Occupied)
- How to fill out a p&s agreement for the disposition
- How to modify the terms of the agreement
- What is an “assignment of contract”
- When should you use the “assignment method”
Module # 5: Deal analyzer
- How to fill out an assignment form
- How to use the deal analyzer calculator
- What your maximum allowable offer will be
- Profit and return estimates
Module # 6: Marketing and digital marketing
- Show you the ‘Old School’ way of doing things
- Show you the ‘New School’ way of doing things
- Using Digital Marketing to find deals
- Implement simple systems to convert your prospects into profitable leads
- How to use automation and big data to increase your leads
Reviews of Clever Investor Course
The reddit reviews were a mixed bag of opinions with some reviewers saying they had never heard of Cody while others saying he was the real deal. Here is one example.
Then there was the ‘run for the hills, he is a scammer’ type of review.
Other Reviews of Cody Sperber’s Clever Investor Course
On BiggerPockets.com, I found several references to courses from Cody Sperber ranging from $5,000, $10,000, 14,000 all the way up to $39,000 to get personal mentoring from Cody Sperber but was not able to verify these claims myself. What I did find was a lot of people on BiggerPockets asking what others thought about Cody Sperber’s course. Here is one I thought provided helpful information and not just personal opinions.
Better Business Bureau.
While I not able to access the Better Business Bureau (BBB) site to find any reviews, I did find a reference to an A+ rating at the BBB for The Clever Investor. There were some complaints as well from people who were negative about both the price and the high pressure sales techniques used on them to get them to purchase the courses; as opposed to actual course participants who were unhappy about the content in the course because it did not meet their expectations.
Clever Investor Course Pricing
The 30 Day Challenge course is currently priced at $97 and comes with some great Bonuses including access to a FB Group. In the video on the website Cody mentions a full price of $997 so a great positioning tactic to get you to feel like you are getting a super deal at just 10% of full price.
The Quick Flip System Course is priced at $197 however it should be noted that to be successful, one should expect additional costs (mailers, posts, other marketing) to the business. These are NORMAL BUSINESS COSTS. Do not think that the roughly $300 ($97 + $197) is all you need to get going if you are looking at getting into wholesaling with the intention of becoming as successful as Cody.
Who is this Program for?
This course is not for the tyre kickers or anyone not prepared to hustle through a lot of deals to find the one that makes the breakthrough. The course is more geared toward business minded go getters and self-starters. Clever Investor 30 Day Challenge course certainly provides the direction, targets and benchmarks to hit over the 30 Day Challenge.
The reality is however that in order to progress and make some real money wholesaling or flipping you will need to invest a lot more than the initial investment to buy the Clever Investor course. You will certainly need to network, to attend REI events (virtually now due to the pandemic), spend on marketing your business, listings software as well as professional costs of contractors, lawyers fees, appraisers, closing costs, business entity setup fees and more.
The Clever Investor course is certainly not for you if you are an introvert who does not like to network and work with teams because to be successful you will need to build a power investment team that includes:
A good mentor to guide, motivate and maybe introduce you to bigger and more complex deals; an insurance agent, specifically one that deals with real estate investors; an accountant who is familiar with real estate; a good rehab contractor who has experience working with investors and working on gut rehabs to “simple” fixer uppers; and a good RE attorney who is able to quickly draw up proper legal documents for you.