If you’re reading this, you’ve likely seen an advertisement for the Clever Investor program by Cody Sperber.
You might be wondering if this is all a scam -after all, his ads are extremely flashy or feature over-the-top methods.
Not to mention: if it seems to good to be true, sometimes it is…but not always.
I initially came across the software after seeing an ad on YouTube of him having an inspection done for $18k from a loan at Chase bank, bragging about his ability to close real estate deals like clockwork, and also him being able to “crack 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.
He spends a lot of money on these ads.
But can you truly make money after signing up for his program?
Did the guy actually make more than $10k flipping a home with just a couple of hours of work?
Let’s find out.
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, although there are certainly suspect reviews about his wholesale real estate flipping.
In fact, there are several complaints as well that I will be talking about later.
The Clever Investor was founded by Cody Sperber, from Mesa, Arizona. Cody and his wife Shannon met in school while attending Arizona State University.
Cody Sperber received his degree in business with an emphasis in finance and real estate, and Shannon channeled her work toward becoming a physician of physical therapy.
Since getting married and graduating from ASU in 2005, Cody now has a home in Mesa along with two kids, Brynlee and Hudson.
Cody discovered real estate investing in college, but 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 were reignited 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 coach – in fact, he initially made it easier for Cody to restructure the methods in his real estate entity, showing him the most powerful technology and ways to make use of it.
After Cody got his business in order, the next 12 month were insane – flipping more than fifty houses, which laid the groundwork for his very first rental portfolio.
The rest is history.
Cody began the Clever Investor LLC in 2010 and, with the ongoing support of his teacher Lyle, has trained many others to get their start in real estate.
Cody Sperber claims to have created more than a thousand deals worth more than $200 million in total.
A big claim, even in a New York real estate market.
He has more than fourteen years of expertise in what he calls “creative real estate investing“, which can be perceived as either ingenious, or potentially devious…
The “Clever Investor” is the company behind it all… and currently, there are six available items.
First, you’ll find the 6 step system that Cody and his staff have designed. This is believed to be the “most complete academic course ever developed”…according to no one except Cody.
You’ll get access to more than twenty audio/video training clips, 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 all by itself.
Next, you’ll receive one of many teachers on the Clever Investor staff to try and be a mentor – in other words, not Cody himself.
They’ll keep you informed and offer assistance for questions and whatnot – they are real estate investors themselves that understand what they’re doing.
You will find various levels of mentoring provided that vary in price significantly.
Total Immersion costs $28,000
Protege Program costs $14,000
Apprentice Program costs $7,000
You’re certainly going to need some serious money to subscribe to this. Based on reviews, the teachers are somewhat educated and will offer 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 you 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.”
You get an automation software program that helps identify discounted deals, capture consumer and seller leads, and also analyze qualities.
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.”
Here, you receive Cody’s division and printing contacts so you can send direct mail without really being forced to post it yourself.
Kinda sketchy, but ok.
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 other types of situations that will probably get people advertising.
I am not entirely certain just how accurate this statistic is, but Sperber says that real estate millionaires get 90% of their deals from direct mail…although he certainly has financial reasons to gain from saying things like that.
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 (that gives nothing of value unless you pay) 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…
As you may realize, this challenge involves a “creative” real estate investing technique in which you “flip” houses without actually purchasing them or even doing a renovation.
What you should try to 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.
1) Find Deals That You Can Flip
Cody promises that there’s approximately 5% of homeowners looking to sell 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.
Preying on the vulnerable. Classic.
After discovering these sorts of sellers, Cody has various resourceful methods of contacting them with your offers, like by mailing postcards.
Real Life Example: You locate an old home that is listed at $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.
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 at $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…but just remember that you have not actually purchased anything.
You can make things 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.
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 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:
However, it may have been wise to 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.
In the final week, Cody goes over negotiating hacks and proven methods to reel in offers that help get the very best terms
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:
Not every business is simple, though I feel that a few business models are better than others because recurring cash flow is much better than one-time income.
And then, there is the burning question…
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”.
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 I first came across this information, my mind was blown…but after exploring further in-depth, 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 an ok deal as far as training goes, though it is not the leading real estate education program out there.
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 go broke..
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.
Assistance is a big deal with regards to these programs, particularly for novices and may need additional help – especially since many students will not even have a real estate license.
Their reputation here seems hit or miss, which is not ideal considering how much you have to pay Clever Investor when all is said and done.
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?
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.”, although some BBB reports indicate otherwise.
It shouldn’t matter.
Because when you invest in real estate, it’s doesn’t always have to be physical real estate.
Renting out digital lead generation properties to local area business owners rather than physical real estate is very interesting, and international.
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, to see them on Google (the most widely-used search engine) and eventually hire them.
Overall the feedback from buyers who bought various Clever Investor is a mixed bag.
You will find many clients that happen to be satisifed with the format of the courses and the support provided.
Nevertheless, there are several notably bad reviews.
As with lots of costly “make money” programs, some pretty absurd methods are used.
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 mentors are created equal.
Several buyers feel they’ve been misled by how much the programs include, etc., prices. I see precisely how this could be an issue with the overly exciting promotions.
You will find several other kinds of complaints, like paying for something but not getting it.
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
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:
Digital Real Estate is the #1 online business model for those just starting out.
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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this company is a dihonest and a theif. they are taking money from my account and I have not been able to get a hold of them. if you go to their website you cannot find a contact number and you have to send message through their chat box. becareful and keep coies of your corospondence if possible. I have been trying to get a hold of them for last three months and they are never in the office or you are calling “outside of their office ours”. Shame on them.
I agree. People should be very careful about purchasing anything from this company. You’ll never be able to get to the point of success that they claim. It’s just a fucking SCAM. Those people they use to give success testimony, you’ll never really can prove if their claim is true. I was SCAMMED!!!
I have the same experience!!!! I clicked on an email promo to buy a PDF document but they subscribed me without my knowledge to a premium subscription and they kept charging me. When I found out I had two extra charges on my account I reached out and they never gave me a refund PLUS they will do anything to prove they are not at fault which is very premeditated and leaves you helpless with paying money for literally thin air!!!!
Attention CODY or a supervisor! your jerk sale person Ryan have insulted me when I called to ask about your program. He refused to escalate the matter to you, and I am not going to put up with disrespect. Based on what I got from Ryan, Looks like you are running just another guru scam to screw the newbies by charging monthly fees, overpriced skip tracing, and providing no costumer support. And then when poor newbies find some deals, you are just going to blast them to the list of potential buyers and hoping that it will lend somewhere. It seems like you have no intentions buying any properties, and newbies surely do not need you if you have no service, simply after their money and free energy, and have nasty people representing you. May be your reps do not follow your model, but it makes you look bad. Please contact me to resolve the issues, otherwise I will continue writing reviews, and keep warning people about your crappy company who are after screwing newbies. I hope to hear from you soon, that is if you have any decency. Lol
as others have said i have no money now this company take it they take it all
THEY TAKE IT ALL
Markets are too volatile for me to invest in physical real estate at the moment. I’m not sure what to think in this “Brave New World”…you raise some fair points. There will always be a business who needs marketing…will think on it.
Hey what programs are not scams ,I just sent Cody 124.00 ,I was about to send 200 for to he rest of the program ,can you tell me what programs are legit so I can spend my money wisely ,I’m tired of all this scamming .
SOMETIMES real estate is good but what the HECK
i have seen so much chaos since 2020 idk what to believe
i need somethin new