You have likely noticed all kinds of advertisements for the Clever Investor program by Cody Sperber. You’re wondering if this is all a scam since he’s usually advertising the chance in extremely flashy or over-the-top methods.
After all… if it seems to good to be true, then it most likely is… right?
I initially came across the software after witnessing an ad on YouTube of him having an inspection for $18k away from Chase bank, professing he closes real estate deals like clockwork and also has “cracked the code on marketing”…
He went as far as to suggest that in case you “suck” as a real estate investor, you’ll nevertheless be in a position to make a lot of money from all of the leads you’ll get using his strategies.
There are videos everywhere…
Can you truly make money after signing up for his program?
Did the guy truly make more than $10k flipping a home with just a couple of hours of work?
But first, for the sake of full transparency…
This Clever Investor review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Clever Investor is a real estate investing program.
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this Clever Investor review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of real estate investing, while eliminating most of the headaches:
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about Clever Investor, keep reading.
Clever Investor is an enterprise produced by real-estate investor Cody Sperber which offers different educational items to help make money in real estate.
These consist of courses, mentorship, business automation software program, and other things.
The merchandise gives a lot of in-depth content, and Cody has gone as far as getting home flipping stars from HGTV to help you create one of his products.
The focus here is generally on what he calls “creative real estate investing,” which means ways to purchase inventive real estate, which many people might not have read about in the past.
The organization comes with an A+ rating with the BBB and a lot of reviews that are good from buyers.
However, there are several complaints as well that I will be talking about later.
The Clever Investor was produced by Cody Sperber, from Mesa, Arizona (AZ). Cody and his wife Shannon met in school while each is attending Arizona State University.
While Cody Sperber received his degree in business with an emphasis in finance and real estate, Shannon channeled her work toward a more advanced degree, ultimately becoming a physician of physical therapy.
Since getting married and graduating from ASU in 2005, Cody established their home in Mesa and has two kids, Brynlee and Hudson, and a bulldog called Sully.
While Cody was discovered to real estate investing in college, he did not go full time into flipping until two years after graduation.
After settling into his role as a bookkeeper, Cody’s real estate dreams had been reunited when his very long-time friend Lyle prodded him into visiting a Jack Miller workshop series (Jack was a real estate OG from the 80s until his passing in 2009).
The training event was such a pivotal stage in Cody’s life that Lyle became knows as “the man behind the Clever Investor“.
Over the following few years, Lyle became Cody’s reliable coach since Lyle initially made it easier for him to restructure the methods in Cody’s real estate entity, showing him the most powerful technology and ways to make use of it.
After Cody got his business in order, he took off the following 12 months, flipping more than fifty houses, which laid the groundwork for his very first rental portfolio.
The rest is history as Cody began the Clever Investor LLC in 2010 and, with the ongoing support of his teacher Lyle, has trained 1000s to get their start in real estate.
Cody Sperber is a real estate investor who practices what he preaches. He promises to have created more than a thousand deals worth more than $200 million.
He has more than fourteen years of expertise in what he calls “creative real estate investing“–and after a review of his course — here is something we’ve found…
Sometimes it can be hard to decide just how much you could believe in someone after just seeing them online, though he is the real deal…
The “Clever Investor” is the company behind it all… and currently, there are six available items.
Right here, you find the 6 step system that Cody and his staff have designed. This is believed to be the “most complete academic course ever developed.”
You’ll get access to more than twenty video/audio training, a business plan, the authorized contracts necessary, checklists, and a lot more.
The center of the training is divided into six modules:
There’s a lot covered in this training, many different methods to make money in real estate… some fairly innovative like flipping houses with no purchasing them and with no renovation, inventive lease choices, renting properties and creating wealth, and much more.
There is a heck of a lot provided here. You have the various action plans, the authorized documents necessary, checklists on what you should search for in a great deal, and comparisons of multiple lenders you can apply for financing deals.
This is a 30-day challenge is designed to help you create income within thirty days by flipping houses without actually purchasing them.
You use a step-by-step action plan for four days, which will hopefully help you get your first sale in that length of time.
You’re also supplied with all of the legal paperwork you are going to need and extras, like negotiation strategies Cody uses to get good deals.
Promotions for this appear to be everywhere online, and I will be discussing this in much more detail a little bit later.
It’s marketed as being “free,” but this is a tad misleading.
This mentoring service may be bought along with various items or even all by itself.
Below you’ll get given one of many teachers on the Clever Investor staff to… well… be a mentor. They’ll keep you informed and offer assistance for questions and whatnot–and are real estate investors themselves that understand what they’re doing.
You will find various levels of mentoring provided and vary in price significantly.
You’re certainly going to need some serious money to subscribe to this. Based on reviews, the teachers are extremely educated and will offer a lot of assistance, but they may not be very knowledgeable about your specific endeavors.
This is referred to as “the total home flipping system” plus it’s a step-by-step training course that moves from knowing absolutely nothing to making your very first flip.
Cody Sperber partnered with Ken & Anita Corsini from HGTV’s “Flip or Flop Atlanta” to build this course.
The course is presented in six different modules:
This is referred to as “all in one real estate investing automation.” Essentially everything you get… an automation software program for identifying discounted deals, capturing consumer and seller leads, analyzing qualities, and other things.
This certainly does things a lot simpler and can help beginners figure out good deals, record leads, remain organized, and eventually drive sales. There are nine distinct characteristics that this particular software program has:
The Direct Mail Dealmaker is about making deals by sending traditionally-fashioned direct mail… and it is referred to as “push button direct mail fulfillment.”
Essentially everything you get with this particular item is Cody’s division and printing contacts so you can send direct mail sent without really being forced to post it yourself.
Also, you get a system that will enable you to locate higher equity attributes, eviction notice properties, pre-foreclosure properties, distressed properties, inherited properties, along with another type of qualities that will probably have people advertising.
I am not entirely certain just how accurate this statistic is, though he says real estate millionaires have 90% of their deals from direct mail… and thus, there’s little doubt this particular type of advertising still works.
When you’re brought to the product sales funnels that Cody and his staff have in place, it’s tough to locate the prices. Typically you’re registering for long webinars (pre-recorded, by the way–NOT LIVE), joining “free” training and whatnot before actually learning just how much the darn program/product costs.
Fortunately for you, I have done a great deal of digging around along with lots of sitting through long webinars to discover the costs of anything provided by Clever Investor… and they are…
The 30 Day Deal Challenge has been advertised heavily recently, and I am aware it is trendy, so I would like to speak a bit more about this.
As you realize, it is a “creative” real estate investing technique in which you “flip” houses without actually purchasing them or even doing a renovation.
What you should do is get a contract on houses at a discount and after that sell the contract for a profit.
With this 30 day challenge, you receive step-by-step guides and an action plan for every week, flashcards, negotiation scripts, and contracts for the deals, etc… it is a well-rounded program.
1) Find Deals That You Can Flip
I do not know how accurate this statistic is. Still, Cody promises that there’s approximately 5% of homeowners looking to market fast and at a lower price at any time and in any community in the US.
He calls these people “motivated sellers,” and this is what you should search for. These sellers tend to be going through hard times, where they need cash quickly and do not have the time to hold out for the asking price.
After discovering these sorts of sellers, Cody has various resourceful methods of contacting them with your offers, like by mailing postcards.
Potential Real Life Example: You locate an old home that is for sale $160k but is likely worth $200k. The owner’s spouse has huge hospital bills which need to be paid and paid soon. Therefore the owner is prepared to allow it to go for $145k.
2) Controlling the Deals
The next thing is to control the houses you’re interested in, which is done with Sale and Purchase Agreements. These contracts provide command of the property… but at this time, you still have not paid anything.
If you join the program, you will get all the various contracts that will be required when starting this process.
Potential Real Life Example: You subsequently get the seller to complete a purchase and sales agreement that can be used for innovative sales transactions. It’s a written agreement between seller and buyer to conduct a real estate transaction… though you are not actually purchasing it. At this point, you will get an agreement from the seller to get the house (which was listed for $160k) for $145k.
3) Flipping and Getting Paid
The final action is to flip the offer and get paid.
At this point, you will advertise the home you control…
The people that will be interested in properties like this will be real estate investors who want to do renovations.
The moment you find a buyer, you promote the house, just remember that you have not actually purchased.
You make this happen by filling out yet another type of contract known as an Assignment Contract that will facilitate the home sale between the owner and the end buyer.
Potential Real Life Example: Now you promote the home… that is, a home which is likely worth $200k. If you get it for the $145k in your Purchase and the Sales Agreement, you make money.
The Process In a Nutshell
This is entirely different compared to what you would imagine when you’re flipping houses. You’re jumping in on a great deal and resell for more money… without actually buying some houses or even performing some renovations.
You can argue that there’s no actual worth offered in this particular type of transaction, but on the other hand, you’ll be assisting people by helping them get there home sold as quickly as possible.
Cody starts week one by displaying the trip you’ll be taking over the coming thirty days visually, utilizing a mindmap.
Next Cody passionately shares how to let people know about your new service in an assortment of platforms, from traditional signs plus one-to-one meetings, to capturing videos showcasing your expertise and creating squeeze pages on the web.
Cody also reveals the first steps of:
Cody does a fantastic job of installing the groundwork for achievement this in the very first week.
However, he might have provided a brief introduction to CRMs and several starting recommendations, as some may not be familiarized with the idea of Customer Relationship Management methods.
In this second week of training, Cody has three primary points:
Cody starts the 2nd week by instructing you on developing a legal entity to which you will operate your Real estate Flipping business.
Recommending a limited Liability Company License due to its protection plus tax freedom, Cody urges the rapid development utilizing LegalZoom.
Then he goes over the fundamentals of creating your real estate investment group, emphasizing that real estate flipping isn’t a one-man-show.
To be able to get involved in the game of real estate wholesaling, you will have to create a community of experts, including:
Cody concludes the week by laying out four distinct groups into which each of the family homes in your market could be marketed under. Also, he provides a rating system to help you decide if you really should commit your time in trying to flip properties within those groups.
Throughout this week, Cody covers essential acronyms in the real estate area, for example, ARV, in addition to the way to sign on to get e-Newsletters from many internet forums and running the figures of your respective deals.
Some of the primary key terms and also formulas which he describes are:
Cody puts in a fair amount of time during this week to break down the training, instructing you on how to find money investors, present yourself and service, basically starting a relationship with them.
After you have made contact with money investors, you are not off the hook because Cody also encourages you to chat with Section 8 real estate investors along with Foreclosure Auctioneers.
Cody concludes this week by revealing two online real estate publications, which can help you become an authority in your field.
This last week, Cody goes over negotiating hacks and proven methods to reel in offers that help get the very best terms
One great one is how you design your offer:
You create multiple funding alternatives into your proposal, since people like having options, especially when they’re motivated sellers. It’s like you’re putting a cherry on top of their ice cream since they get to market their property and get it done their way.
Cody shares the following three negotiating strategies:
When you’re working on your first deal, you will hit all sorts of obstacles. Don’t give up, keep learning.
The ones who persist are the ones who win.
After I soaked up Cody’s extra training on negotiation and toning up my deal-making muscles, I was prepared to hit it hard (which I did for the next twelve months).
Bottom line: I encountered a lot of great results since investing the time.
Not every business is simple, though I feel that a few business models are better than others because recurring money is much better than one-time income.
So, is Clever Investor a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Cody Sperber makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the seller and lender to buy a rental property – and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
The marketing material that you’ll see advertised in various places tends to make people believe that they will become an overnight millionaire with his program. Cody does like to show off his bling, but he often claims that he “doesn’t want to brag”. OK, but this does tend to give people the wrong impression.
Of course, results will undoubtedly differ significantly from person to person. Some men and women aren’t cut out for real estate investing, while others are, and many are qualified real estate agents with many years of experience.
This is precisely why at the bottom part of the Clever Investor website, there’s a disclaimer in extremely tiny print that reads, “Any claims of income or earnings are both estimates or examples of possible income and shouldn’t be regarded as typical.”
There’s also a hyperlink to a different earnings disclaimer where the research was carried out by Clever Investor to discover how good their pupils were doing.
The Earnings Study: In this particular research, they emailed every buyer of the Fast Track Profit System merchandise to learn how the participants had been doing. After 501 pupils responded, the following are some statistics…
Experience in real estate
Licensed real estate agents: (39/307) = 12.7 %
Period of time Spent: Approximately 50 % spent substantially less than 3hrs per week with the system
Spent cash advertising attempting to produce leads: (122/280) = 43.6 %
Made money in real estate since utilizing the program: (31/280) = 11.1 %
Finished a fast Flip (wholesale) for an average of $19,772 (out of just thirteen responses) = 67.9 %
Completed a Fix and Flip (rehab) for an average of $21,500 (only nine responses): 50 %
When first finding this information, I was amazed at how fantastic the end result was, but after exploring them much more, it seems to be an incomplete set of information.
There were 501 pupils total that responded from the Fast Track Profit System program, but few answered several of the questions… for example, questions about how much money they made.
These figures provide an idea of what’s possible, but in no way lets you know what’s typical or average overall… because of the general lack of responses received by Clever Investor in this particular research.
With that said, you can certainly make money with real estate… but if you’re gonna put in the amount of grueling work to become a real estate investor (which, trust me, isn’t easy), you might as well bring in some REAL money.
Is Cody’s training course an excellent investment decision?
I’d say it’s a good deal as far as training goes, though it is not the leading real estate education program out there.
The main point here is that there’s a lot of good teaching and functional training available once you begin with the Clever Investor. He understands his stuff perfectly and is an excellent mentor-from-afar.
Cody over-delivers in this course, providing much more detail than what it costs to go in.
Perhaps my issue isn’t if you need to purchase the training course, but when you should invest in the course.
If you only have enough money to pay the course fee, then you definitely shouldn’t purchase this course because consequently, you will be stuck.
You have to have a significant amount of capital available to get started in actual physical real estate since you will have to spend on advertising supplies (signs, sites, phone dialing program, etc.) in addition to expert costs, including lawyer costs, contractor expenses, to name a couple.
The price isn’t free, as the marketing video might make you think. The offers talk about just how you’ll receive all kinds of things at no cost, though the price to start the task is ninety-seven dollars.
Pros of Clever Investor
Cons of Clever Investor
Assistance is a big deal with regards to these programs, particularly for novices and may need additional help.
Fortunately, there’s plenty of good comments on the additional support offered by past members.
There’s no mention about what item they bought into. They may have purchased the mentoring program’s priciest amount that I’d look to offer outstanding support according to the high cost.
The mentoring program will offer you the most support.
So… what if you purchase one of the more expensive items in the program and decide that it’s not for you?
There’s absolutely no shame in getting a refund when it’s not an excellent fit…. but what would be the conditions of this exactly?
Are there refunds?
When you would like to look at the refund policy, you can think it is within the Terms of Service webpage. It will be good if there’s only one easy refund policy for every item, but there is not. Virtually all of the items have a 30-day trial, in which you can ask for your money back and have your cash returned within thirty times in case you’re dissatisfied.
These refunds are believed to be “unconditional.”
Now, when you invest in real estate, it’s doesn’t always have to be physical real estate.
We have & rent out digital lead generation properties to local area business owners rather than physical real estate.
It is a lot more cost-effective to enter, and the ROI is greater than purchasing single-family houses.
Service businesses, for example, plumbers, limo drivers, and tree services, usually rent their commercial property, where their business is, in order to minimize their short-term costs.
Forty years ago, all they had to do was put a sign with their business name and phone number on the exterior of their building, and the service providers will start receiving phone calls from individuals wanting them to come as well as fix particular areas of their homes.
But a bit more than 35 years back, something happened that would permanently alter how businesses would get customers.
In 1983, a computer researcher called Tim Berners Lee developed the World Wide Web, generally known today as The Internet.
In the year 2019, there are 5.11 BILLION mobile users.
Statistics increasingly show that more individuals are making use of the web to look for services near them.
Have you searched Google for an excellent carpet cleaner to eliminate the stains in the living room, or perhaps to get a great plumber to fix the leak under your kitchen sink?
I definitely have.
Businesses are finally recognizing the tendency for us to utilize the web to search for their services.
Still, many have little idea how you can get their perfect clients, individuals who need their services, see them on Google (the most widely-used search engine) and eventually hire them.
Effectively, we have these electronic properties, and small businesses rent them from us.
Overall the feedback from buyers who bought various Clever Investor is really good.
I mentioned previously that you could get numerous excellent reviews with the BBB and various other websites as HighYa is a similar story.
They have 4.7 out of 5 average ratings, and 93% of product reviewers claim they will suggest it to a good friend.
You will find many clients that happen to be much more than pleased with the format of the courses and the support provided.
For example, the pricey Mentorship services have had some excellent reviews from people claiming it undoubtedly aided them to take their business on the next level.
Nevertheless, there are several bad reviews also, such as:
As with lots of costly “make money” programs promoted some pretty absurd methods. I’ve noticed several complaints from people speaking about how they think the mentorship has a feeling of disconnect to it–meaning that there’s a sense the teachers do not care a lot about your situation since it does not impact what they get paid.
I guess not all the mentors are to the very same degree.
Several buyers feel they’ve been misled by how much the programs include, etc., prices. I see precisely how this is an issue according to the overly exciting promotions.
You will find several other kinds of complaints, like spending for something but not getting it, but this appears to be a technical mistake that is not apt to occur.
Overall the reviews are excellent and this means a lot. If the program was terrible, I am certain people paying hundreds if not thousands of dollars will be more than ready to fill up web-based complaint boards with bad feedback… though I do not see this taking place
Clever Investor is an academic business produced by Cody Sperber, which focuses primarily on much less standard, “creative” ways to invest in real estate.
He and his team provide a variety of products that are different under the Clever Investor brand name. These typically include step-by-step courses, mentoring, automation software programs, and other things.
The advertising is quite flashy and typically shows Cody cashing substantial checks, showing off his sports cars, riches, and so on.
There’s no assurance you will make money though many students appear to be much more than pleased with what they have received, dependent on high ratings with the HighYa and BBB.
Items vary in selling price, you must spend a lot of money… anywhere from $97 to $27,000 for the top tier of the mentoring program.
And so are the products a good deal?
Effectively, this is a heck of a difficult question to answer and depends on your situation, what products you’re looking at, just how much time you can put into it, and so on.
But, when it comes to building a business, you have plenty of options.
Keep in mind, I don’t get paid to promote any of the programs I review. I personally think real estate investing is a great business model, but you could end up leaving way too much money on the table.
The ScamRisk team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Clever Investor which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.
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