Are you considering investing in real estate and wondering if Clever Investor is the right program for you? Well, you’re in luck because I’ve got you covered.
As someone who has reviewed countless online programs over the years, I’m here to give you the lowdown on Clever Investor.
First things first, let me make it clear that I am not affiliated with Cody Sperber or his program. This review is 100% unbiased, so you can trust that I’ll give you my honest opinion.
In this review, I’ll be sharing with you what Clever Investor is all about, what you can expect to learn, and whether or not it’s worth your investment.
And if you’re not convinced that Clever Investor is for you, don’t worry – I’ll also be sharing a better alternative that has helped me make a passive income of 4-5 figures per month.
So, keep reading to find out more!
Table of Contents
- What is Clever Investor?
- Who is Cody Sperber?
- Clever Investor Product & Services
- How does the 30 Day Deal Challenge work?
- 30 Day Deal Challenge Course Breakdown
- How much does Clever Investor cost?
- Refund Policy
- Is Cody Sperber legit?
- Praise for Clever Investor
- Criticism of Clever Investor
- Is Clever Investor a scam?
- Top 5 Challenges of Real Estate Investing
- Is there a better way to make passive income?
What is Clever Investor?
Clever Investor is a real estate education enterprise founded by real-estate investor Cody Sperber. It provides a range of educational resources and tools to help individuals interested in making money through real estate to succeed in the industry.
From courses to mentorship programs, business automation software, and more, Clever Investor provides a wealth of in-depth content to help you get started.
One unique aspect of Clever Investor is its focus on what Sperber calls “creative real estate investing.” This involves exploring unconventional ways to invest in real estate that you may not have considered before. Sperber has even enlisted the help of home flipping stars from HGTV to develop some of his products, giving you access to insider knowledge and expertise.
It’s worth noting that Clever Investor has an A+ rating with the Better Business Bureau (BBB), which is a testament to its credibility and commitment to customer satisfaction.
However, it’s also worth mentioning that there have been some complaints about the company’s wholesale real estate flipping. Some customers have raised concerns about the effectiveness of these strategies and the support they received from Clever Investor.
Despite these concerns, Clever Investor remains a popular choice for those looking to get into real estate investing.
Who is Cody Sperber?
Cody Sperber is a real estate entrepreneur from Mesa, Arizona. He’s got a business degree from Arizona State University, where he majored in finance and real estate. But, the interesting part is how he got into the real estate business.
Cody Sperber started investing in real estate while he was still in college. After graduation, he went full-time into flipping properties. Before that, he worked as a bookkeeper, so it was a drastic change for him. But, he never looked back.
One of the life-changing events in Cody Sperber’s career was attending Jack Miller’s seminar. Jack Miller was a real estate expert from the 80s. It was there that Cody Sperber met Lyle, who became his mentor. Lyle helped him revamp his real estate investment systems, and Cody Sperber has been thriving ever since.
After gaining success in his own real estate business, Cody Sperber started Clever Investor. Clever Investor is a platform where Cody Sperber offers real estate training to people. He claims to help people become real estate entrepreneurs like himself. Currently, Clever Investor is his major business and his largest source of income.
Clever Investor Product & Services
Let’s dive into the world of Clever Investor and take a look at the products they offer to aspiring real estate investors:
1. Fast Track Profit System
Clever Investor claims that their Fast Track Profit System is the “most complete academic course ever developed”…but, of course, that’s only according to them. This course offers access to over 20 audio/video training clips, a business plan, authorized contracts, checklists, and more. It covers various real estate strategies in six modules:
- Module one – Getting Started
- Module two – Marketing and Lead Generation
- Module three – Deal Analysis and Negotiation
- Module four – Property Acquisition
- Module five – Funding Your Deals
- Module six – Closing Your Deals
There’s a lot packed into this course, with some innovative ideas and plenty of resources to help you along the way.
2. 30 Day Deal Challenge
This 30-day challenge aims to get you flipping houses without actually buying them. The step-by-step action plan spans four days, and you’ll get access to legal paperwork and negotiation strategies. While it’s marketed as “free,” that’s not entirely accurate.
3. Clever Investor Mentoring
Clever Investor Mentoring offers different levels of coaching, which can be pretty pricey:
- Total Immersion costs $28,000
- Protege Program costs $14,000
- Apprentice Program costs $7,000
You’ll get a mentor from the Clever Investor team, but it’s important to note that it’s not Cody himself. While these mentors are experienced, they might not be experts in your specific niche.
4. Your First Flip
This step-by-step course, created in partnership with Ken & Anita Corsini from HGTV’s “Flip or Flop Atlanta,” is designed to take you from zero to flipping your first property. The course is divided into six modules:
- Module one: Get in The Game – an overview of everything.
- Module two: Find a Flippable House – Focus on finding homes that meet the requirements of being “flippable.”
- Module three: Analyze Your Deal – Learn how to evaluate deals before investing.
- Module four: Acquire The Property – The process of buying the property.
- Module five: Rehab The Property – Renovation tips and advice.
- Module six: Cash In On your Flip – Marketing the renovated property.
5. Deal Automator
This “all-in-one real estate investing automation” software helps you identify discounted deals, capture leads, and analyze properties. With nine features designed to simplify the process for beginners, it’s definitely a helpful tool to have on your side.
6. Direct Mail Dealmaker
The Direct Mail Dealmaker focuses on getting deals through old-fashioned direct mail. You’ll get access to Cody’s mailing and printing contacts, as well as a system to find high-equity properties, eviction notice properties, pre-foreclosure properties, and more. While Cody claims that 90% of real estate millionaires get their deals from direct mail, remember that he has a vested interest in promoting this product.
How does the 30 Day Deal Challenge work?
The Clever Investor 30 Day Deal Challenge is a program that teaches you how to invest in real estate. It’s like a fast-paced crash course that helps you take daily action to follow a 30-day action plan. Each day, you’ll complete a task to learn the flipping process.
Cody Sperber, the course instructor, breaks down the flipping process into 5 easy steps:
- Market your flipping service using social media
- Acquire property using various strategies like direct mail, internet flyers, and YouTube
- Find funding by contacting banks and brokers
- Sell the property using the Assignment Method or Double Close Method
- Evaluate your progress and repeat the process
When you enroll in the Clever Investor 30 Day Deal Challenge, you’ll get access to:
- Live Weekly W&A Calls
- 30 Days of Action Pan
- Three Bonus Courses: Quick Flips For Big Profits; Negotiation and Influence; Direct Mail Deal Maker
30 Day Deal Challenge Course Breakdown
Week 1: Establishing Your Real Estate Investor Identity
In the first week, Cody lays out a visual roadmap for the 30-day journey using a mindmap.
He dives into various marketing strategies to spread the word about your new service, from traditional signs and one-to-one meetings, to creating videos showcasing your expertise and building squeeze pages online.
Additionally, Cody covers the initial steps of setting up a basic business website, utilizing video syndication, employing email marketing services, and creating a Google My Business Profile.
However, a brief introduction to CRMs and some recommendations would have been helpful for those unfamiliar with Customer Relationship Management tools.
Week 2: Laying the Foundations – Business Licenses, Team Building, and Local Market Research
During the second week, Cody focuses on three main aspects:
- Establishing an LLC for legal protection and tax benefits
- Networking with professionals to create your real estate investment team
- Classifying single-family homes in your local market
Cody recommends creating a Limited Liability Company License using LegalZoom for quick setup.
He also emphasizes the importance of assembling a team of experts, including a mentor, insurance agent, accountant, remodeling contractor, and real estate attorney.
Lastly, Cody presents a classification system for single-family homes and a rating system to help you decide which properties are worth pursuing.
Week 3: Mastering Real Estate Terminology and Deal Analysis
This week, Cody teaches essential real estate acronyms, such as ARV, and how to sign up for e-Newsletters from various online forums.
He also explains how to analyze the numbers in your deals, covering key terms and formulas like Monthly Cash Flow, Maximum Allowable Offer (MOA), After Repair Value (ARV), Capitalization Rate, Loan to Value, and Cash on Cash Returns.
Cody dedicates time to networking with cash investors, Section 8 real estate investors, and Foreclosure Auctioneers. The week concludes with two recommended online real estate publications to help you become an authority in the field.
Week 4: The Art of Negotiation and Managing a Hooked Deal
In the final week, Cody shares negotiating tips and techniques to secure the best terms for your deals. He suggests incorporating multiple financing options in your offer to appeal to motivated sellers. Cody also outlines three effective negotiation strategies:
- Dealing with rude Loss Mitigation Negotiators
- Navigating ultimatums while keeping deals alive
- Cultivating the top character trait of successful negotiators
How much does Clever Investor cost?
Have you ever been frustrated by sales funnels that make it difficult to find out how much a product costs? That’s certainly the case with Cody Sperber’s Clever Investor program. Typically, you have to sit through long, pre-recorded webinars and “free” training that offers little value unless you’re willing to pay up.
But fear not, because we’ve done the digging for you.
After sifting through the webinars and training sessions, we’ve uncovered the costs of Clever Investor’s products. Here’s what we found:
- Fast Track Profit System – $297
- 30 Day Deal Challenge – $97
- Clever Investor Mentoring – $7,000 – $14,000 – $28,000 (depending on purchase amount)
- Your First Flip – $497
- Offer Automator -$99 per month
- Direct Mail Dealmaker – $97
While some of the prices may seem steep, it’s important to consider the value that each product provides. Ultimately, the decision to invest in Clever Investor’s products is up to you.
Investing in a program that doesn’t work for you can be frustrating, and that’s why Clever Investor offers a refund policy for their customers. But what are the conditions for this? Let’s take a look.
First things first, most items in the program come with a 30-day trial period. So, if you’re not satisfied with your purchase, you can request a refund and get your money back within 30 days. That seems pretty fair, right?
Well, according to some reports on BBB, there have been cases where the refunds were not as “unconditional” as advertised. However, we cannot confirm this ourselves, so take it with a grain of salt.
Overall, if you’re considering purchasing an item from Clever Investor, it’s good to know that you have a 30-day trial period to test it out.
Is Cody Sperber legit?
Cody Sperber is a well-known name in the world of real estate investing. He founded Clever Investor LLC back in 2010 and has been helping others get started in the industry ever since. But the big question on everyone’s mind is whether or not Cody Sperber is legit. Let’s take a closer look.
First off, it’s worth noting that Cody Sperber claims to have created over a thousand deals worth more than $200 million in total. That’s a pretty impressive feat, even in a place like New York. However, it’s important to remember that claims like these can sometimes be exaggerated or misleading.
That being said, Cody Sperber does have more than fourteen years of experience in what he calls “creative real estate investing”. Some might see this as ingenious, while others might view it as potentially devious. It’s really a matter of perspective.
All things considered, we would say that Cody Sperber is indeed a legit business coach and investor. He has a track record of success and has helped many people get started in real estate investing.
Praise for Clever Investor
1. Comprehensive Real Estate Education
Clever Investor provides a top-notch education with a comprehensive online learning center, including hours of video training and helpful downloadable documents.
The Clever Team offers tons of resources and networks to help you scale your business, invest in other avenues, and succeed in real estate investing. They will even give you a good kick in the behind to hold you accountable.
2. Weekly Group Calls
Clever Investor’s Wealth Factory program provides weekly group calls to ensure you understand the education they provide. Their friendly support staff is always there to answer your questions, providing guidance and assistance as you move forward in your new real estate investing career.
Criticism of Clever Investor
1. Unauthorized Charges
Some customers have reported unauthorized charges on their credit cards, even after they had paid for the program. In some cases, these charges went unnoticed for several months, and the customers were not aware that they were being billed. This is a serious concern, and customers are advised to read all the fine print carefully before making any purchases.
2. Poor Customer Service
Several customers have reported that they were unable to get a response from Clever Investor’s customer service team. One customer reported that they paid nearly $500 in 2019 and had a few sessions with a coach, but then the coach disappeared and the customer was unable to get a response from the company. Another customer reported that they were billed for a subscription they never used, and when they reached out for a refund, they were denied. These experiences have left some customers feeling frustrated and misled.
3. Deceptive Tactics
Some customers have reported that they felt misled by Clever Investor’s marketing tactics. One customer reported that they were not informed that they would have to pay extra for additional training until after they had already signed up for the program. Another customer reported that they felt the company was “peddling success stories” and making false promises about replicating their success. These experiences have left some customers feeling disappointed and skeptical.
4. Difficulty Obtaining Refunds
Customers who have had negative experiences with Clever Investor have reported difficulty obtaining refunds. Some have been told that they are not eligible for refunds because they have passed the 30-day money back policy, while others have simply been denied refunds without explanation. This has left some customers feeling taken advantage of and frustrated.
Is Clever Investor a scam?
After doing some research, we can confidently say that Clever Investor is not a scam. The training offered in Cody Sperber’s courses is valuable and he knows his stuff.
However, before you jump in, it’s important to consider whether this course is right for you. For starters, it’s very expensive to buy into Clever Investor. And, as with any physical real estate investment, you need to have a lot of capital to make it work. This includes money for buying property, marketing, and hiring professionals like lawyers.
Additionally, while investing in real estate may seem like a good idea, the returns on investment for property investing have decreased over the years. It can be just as risky as stock trading when a lot of your money is tied up in land with extremely low liquidity. If you need emergency funds, you could be in trouble.
Many people are drawn to property investment as a way to generate passive income for retirement. However, the risks involved make this a less than ideal choice. All things considered, we cannot recommend Cody Sperber’s Clever Investor.
Top 5 Challenges of Real Estate Investing
Real estate investing can be a great way to build wealth over time, but it’s not without its downsides. Here are some issues to consider before jumping in:
1. Tying up large amounts of money
One of the biggest cons of real estate investing is the financial commitment required. Investors often need to make down payments of 25% or more to secure the best financing terms, which can be a significant financial commitment, especially for new investors. Additionally, the money invested in real estate is tied up for an extended period of time, making it difficult to access in case of emergency.
2. Managing rental property can be tough
Owning and managing rental property can be a full-time job. Investors need to determine fair market rent, negotiate lease agreements, conduct inspections, perform routine maintenance and repairs, and follow landlord-tenant laws. This can be overwhelming for some investors. Hiring a professional property manager can be a good way to relieve some of the stress.
3. It’s a long-term investment
Real estate investing requires patience and planning. It’s not a get-rich-quick path. Even in a strong seller’s market, it can take over a month to list a home, negotiate a deal, and close escrow. Therefore, it’s important to have a solid financial plan in place before investing in real estate, including paying off high-interest debt and setting up an emergency fund.
4. Requires time, effort, and knowledge
Investing in real estate is not a passive activity. It requires a significant amount of time, effort, and knowledge. Even if you build a real estate team of trusted professionals, you’ll still carry the ultimate responsibility. Investors need to research properties, negotiate deals, manage tenants, and ensure their investment is profitable.
5. Potential legal liabilities
If you’re a rental property investor, you run the risk of being sued by a tenant, guest, or contractor who gets injured on the property. Purchasing a landlord insurance policy and requiring tenants to buy renters insurance policy can mitigate some of these risks, but it’s important to be aware of the potential legal liabilities that come with real estate investing.
Is there a better way to make passive income?
If you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business.
Affiliate marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
For more information, you can check out my full review of Wealthy Affiliate.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
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You can enjoy all these values without paying a penny.
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