Cody Sperber is another one of those real estate investing gurus that says you don’t already have to be rich to get rich in real estate. He believes the old saying “it takes money to make money” is a lie. According to the Clever Investor, you don’t need a lot of money or good credit. You just need his Free House Formula (how convenient of a pitch). After that he says you could own homes in as little as 30 days without spending a buck. Sure it sounds like it’s a reach, but let’s keep digging. Scroll down for my Free House Formula review.
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With his model you’ll make the money a real estate investor makes but you won’t have to do any of the investing. It’s all legal, no banks, and no checks needed. “You just get free houses and turn them into money in your pocket,” Cody laughs. Ok my BS meter is showing some spike in activity. He goes on to say that they aren’t bad properties or money pits either. And no, this opportunity isn’t flipping or wholesaling. Instead he claims you’re getting a high value property that you could sell right away for a payday (hmmm sounds like flipping to me) or you could hold onto it for cashflow.
The Free House Formula comes down to one simple formula (pun intended). Problem + Solution = Profit. Cody tells us how his old mentor Lyle taught him that there are actually a bunch of homeowners who actually see their homes as problems. He says that sometimes their solution is to literally give you their house for free. Then he touches on certain terms, but doesn’t go deep (what are they?). Cody has 3 creative strategies he uses to structure win-win deals that look better than cash offers.
Inside the training, Cody will give you all the tools and know how you need to find these motivated sellers. He’ll even tell the homeowner why they should give it away for free (ok this is just sketchy folks). You’ll gain access to his deal network as well. “My Pro Community has thousands and thousands of real estate investors who would love to do these types of deals with you,” Cody says. Him being one of them.
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“When you provide better solutions and you acquire properties for free, it’s not hard to make money,” Cody continues. “Look, I’ve said this before and I’ll say it again. Most real estate investors don’t have a money problem, they have a creativity problem. And my Free House Formula gives you the creative solutions you need to get these deals done.”
“So you can get your first free house in as little as thirty days. And then get more free houses. And more free houses. And then you can make immediate profits by quick flipping the deals; you can make even bigger profits if you want to rehab and sell the houses; or you can do what I like to do: you can rent out the houses so you can make monthly cash flow. We’re talking real wealth. Generational wealth. The kind you can pass on to your kids some day.”
He wants you to believe you can feel about making this type of money since you’re helping people. Cody’s free house formula is just $97 and it comes with a 90 day “success guarantee”. My concerns? How long before he hits you with the first high ticket upsell? Is it actually beginner friendly? Sounds shady asking people to fork over their houses for nothing. What does marketing look like for this? And finally, won’t this create even more competition in the already crowded real estate space?
