Anyone hear of Vestright land deals

20 Replies

I just took a call with them.  They are new and can't provide verification of student success.  The only success they can speak to is how much $$ their company is making.  Additionally, when I asked some probing questions the guy I was speaking with got defensive (red flag).  He then asked how I would be paying the $9K.  I would stay away.  

@Michael Guido

This is Cody Bjugan from VestRight. Several people that are involved with BiggerPockets I know through a Mastermind Group I’m apart of called GoBundance.

VestRight is a newer company we started. You can visit our website to see what other are saying about our course.

You can also visit our development company website discoverallied.com.

Anyways, the course is very legitimate. We created it through our experiences. I can truly say I wish there was a course out there like this when I started, I would have made a whole lot less mistakes.

Take care and I hope this was helpful.

@Kyle Rosseau I had the same experience when I talked to Cody's son. The call was all about my retirement plans and making a change in my life. Part of the sign up is they make you type a long sentence that says you will answer the phone when they call. After I signed up for the call I got daily robo text messages from them. Then I got texts from the salesman insisting that I confirm our call. Evidently a lot of people sign up for the call and then don't answer. He calls from a California cell phone, claims he is currently in Scottsdale AZ, and then has to look up Buckeye AZ on google maps to find out where I live. I guess that is plausible to be in the real estate industry and tourist in Scottsdale, and not know about the fastest growing and largest city in the country (square miles, not people). He claims they are verifiable online and that I should be comfortable doing business over the phone and internet. He says he talks to hundreds of people every month, but only a select few are a good fit for their course. I have read "How to win friends and influence people", "Influence the psychology of persuasion", and "Influencer the power to change anything" also, I know these tactics. The biggest red flag was that if I was "decisive" then the price was $9K today, if not then the price was $16K. That, to me is not the integrity that they talk about in their videos.

The problem I see is I haven't found a legitimate testimonial on a third party website that they don't have a financial interest in. My advertising dollars go to a credible, local referral radio show that vetted me. There is a testimonial from someone at DR Horton. It seems to me that a good company would want to write an operations manual instead of a training course. Then they could hire people and do "all" of DR Hortons development work. Especially here in the hot Phoenix market, where they are doing a lot of work. Then they could make more money doing less sales and continue to follow their "teaching passion" by training employees instead of students. Or at least write a best selling book to help sell their course or seminars.

I have worked in the Architecture arena for 20+ years. I am just 3 more tests away from obtaining my Architects license. I have been through land developments. Some that have been successful and some that got submarined because the municipality got greedy. I would love to partner with someone that wants to do land development. By partner, I mean reduced design fees in exchange for a share of the profit. This gives me the incentive to create a timely, and profitable design. We both make more money and it is a win-win.

What I haven't seen in the testimonials is someone that has actually said they have closed a deal. I also don't see any from someone that reveals their credible previous occupation. Every testimonial seems like all of them have zero background in Architecture, construction or Engineering.

I love swinging a hammer on the weekends to get away from the office, but not to replace the office. Maybe some fix-n-flips, fix-n-rents, or new spec homes are in my future if there is an investor that wants to put up the money and not swing a hammer. Some people say that "those that say money does not buy happiness just don't know where to shop". One thing I know for sure is that my happiness is not determined by my income, but how I grow doing the things I love to do.

I hope Vestright has some success by showing integrity in their offering. Right now I have to keep my $16K since I no longer qualify for the $9K price. I will find a better place to put the money to work for me.

If I had the supper secret knowledge of how to get the lunch meetings with the right investors/developers/builders, that don't already have their own in-house acquisitions staff and/or Architecture/Engineering firms doing it for them, I would not tell it or sell it to anyone. I would build the biggest Architecture and development company on the planet. Then put it on autopilot with a good operations manual.

Hello all. Loren, I appreciate the feedback.

I wanted to hop on and share some thoughts in regards to what VestRight teaches and the residential land development sector in general.

A recent deal closing of ours will, I believe, illustrate this well:

We put together a land deal that closed recently. It was a deal that was based exactly on the strategies that we teach through VestRight. It was a residential land deal that we put under contract. However, at closing, we did not take out the multi-million-dollar A&D Loan that would be required to purchase the property and construct the subdivision. Instead, we brought in a well-known national builder who closed on the deal. Once the property owner was paid off, $1.7M was distributed to us by the escrow officer.

I would humbly venture to say that paydays at that level are not something that the majority of RE investors on this forum have ever realized.

But here’s the thing to know about that deal: from execution of the PSA to collecting $1.7M took about 21 months. It wasn’t overnight.

Our strategy focuses on building long-term wealth. And to make those types of returns takes time. The participants that join our program understand that. They are not in it to make $50k on a house flip, or $7k on a home wholesale deal.

Doing the math, if a seasoned fix and flipper had a well-oiled efficient process and was able to consistently hit $50k per house (after costs and overhead required to go at that pace), he/she would have to do 34 flips in 21 months to make what we made on one deal.

And putting together 4, 5 or 6 land deals together in a year, the flipper just can’t produce those results.

A few points to make here:

1. I am not disparaging the fix and flip industry! It’s an awesome industry that absolutely has its place in the RE investment world.

2. What we do is not get-rich-quick-and-easy. The old adage comes to mind; If it was easy, everyone would do it.

3. (my opinion) There are few RE strategies out there that are able to produce the types of returns we produce, in the time we produce them, all while avoiding the big risks of purchasing property and funding construction projects.

4. Our strategy takes time. So it’s not for everyone. If you’re looking for the types of testimonials that you’ll find on just about every home wholesaling or fix and flip guru site, “I made $XXXXX in my first 30 days… in my undies!”, then we are not the program for you. But we’ve got plenty of testimonials from real people, giving real feedback on the quality of our program and our commitment to our participants’ success. You’ll find them on our website and on our Facebook page.

5. We’ve been in the land development industry for 18 years now. While our coaching program is young, our experience spans almost 2 decades. Some will look at the youthfulness of our program as problematic. Others will see opportunity. Opportunity in a niche that has not been inundated with 1000s of people all trying to do the same thing.

6. A previous poster mentioned that none of our participants have a background in architecture or engineering. And he would be (mostly) correct. We do have a couple engineers in our program, but the majority come from all walks of life – home builders, software engineers, dentists, fix n flippers, home wholesalers, real estate agents, shop owners… to name a few. Neither I nor my business partner, David, have any degrees in architecture or engineering. It just isn’t necessary to execute on our strategies.

But all of our participants have one thing in common: they're not looking or a quick fix. They're looking to build long-term wealth. And the strategies that we're teaching them are not new. There are a small number of guys out there just like me who are doing exactly what I do. It's just that, until VestRight, there has not been any land developer that has bothered to create a course to teach others.

      Thanks again!

      Stay away. 

      I left an honest and non aggressive  review about my experience and was banned from their Facebook page. 

      I scheduled an hour out of my day to get on a call only to have it abruptly ended in 20 minutes saying that they “couldn’t help me” because they didn’t want to “waste their time”. Exact words.

      After asking, “well since I’ve cleared the entire hour could you at least go into detail about what it is you do or the service that you offer?”

      I was told, “There would be no point because we can’t help you.” Not making this up.

      Mentioned my salary was between $50k-$80k, that I was currently working full time and also working wholesale deals on the side. 

      Guess that was enough to throw me to the side like a pack of rotten meat. Remember, reputation matters. It’s not all about leads leads leads. 

      Didn’t talk to me about the product or service as the advertisement claimed it was all about the consumer and being helpful, providing value, etc. 

      This was just a sales pitch with very phony “rapport building”. 

      No attempt at making things right, no replies, no call backs, not even a brochure. I was however delivered multiple emails as they didn’t bother to remove me from their drip email campaign. Had to unsubscribe. 

      I rarely if ever leave reviews, especially for internet marketers but I was truly appalled at the treatment of a potential client. 

      Ending the call was one thing leaving me hanging on my schedule, banning me from Facebook was next level. 

      Also stop duplicating ads to remove your non favorable comments. Your lack of empathy and customer service will catch up with you guys some day. 

      Change your ways for the better. Be good people and do good for people.



      Been thinking about it too... All I’m seeing are the same set of ultra-vague talking points about “a deal they just closed for 1.7 million”. 9k for what, exactly? Pass.

      Went to the Vestright website homepage... the first two testimonials from different students (Rob & Craig) are (word-for-word) identical.  It looks like cut & paste.    

      They may want to adjust that... it looks extremely suspect.

      Hello all! My name is David Hill. I am a co-creator of VestRight, along with Cody Bjugan.

      @Marlon Brooks , thanks for pointing out the duplicate testimonial content. You're right, that was a copy\paste error. We've corrected it with Craig's actual testimonial.

      @Branden Thorne
      First, I wanted to sincerely thank you for bringing this issue to our attention. We are always striving to improve, and your feedback is essential to that process.

      We get a lot of guys who book calls with us who just aren't good fits for our program. Most often, it's a case of watching one of our videos, seeing the 6 and 7-figure returns we generate, and thinking they've stumbled across a get-rich-quick program.

      But Branden, after reading your entry, I took some time to review your call. And in your case, I agree with you. Your call was not handled well and I wanted to personally apologize on behalf of myself, Cody and VestRight, for the negative experience that you had with one of our team members. I reviewed a handful of additional calls and came to the realization that we have some work to do on our end.

      Our ultimate goal is to identify folks out there who have what it takes to be a success in the land development industry and help them achieve their goals. But in your case, I feel we failed.

      As a result, we have made some personnel changes and will continue to pursue our goal of transforming lives through real estate.

      I would be happy to connect with you personally, if you'd like.

      @Mike Land , yes, the $1.7M deal that Cody mentioned earlier was low on details. But the point wasn't to dive into the specifics, but rather to give some insight into the types of returns we generate in executing the strategies that we teach in our course. We actually made a short video of our closing on that deal that you can watch on our Facebook Page. It will give some more insight into that particular deal. I'm not sure if we're allowed to post outside links, but you can watch video on our Facebook Page "Cody Bjugan - VestRight" (link to the video: here)

      But again, it isn't a deep dive into specifics. We have an 8-week course with over 60 training modules, laser-focused action steps and weekly live Q&A Sessions that will take someone from being a novice in the land development space to becoming a Land Acquisition Specialist.

      We've said this before, and I'll say it again here: Our program isn't for everyone. Reading some of the posts on this thread, I think we'd be a great fit for some, but maybe not for others. And that's ok. BiggerPockets is full of great people carrying out great strategies!

      It sounds that Vestright is teaching a strategy called Land Banking. 

      Most investors don’t pay much attention to this opportunity because they don’t have patience. People want their money now, they don’t want to wait for decades to realize their gains.

      It’s an understandable objection because the land banking strategy does take a long time to implement. It may take decades for the land banking strategy to produce results (if it produces results at all).

      In the same way that any investing strategy comes with its fair share of risk and uncertainty, these issues are compounded by the amount of time required for the land banking strategy to work. Many investors would rather have their money today rather than many years in the future, and the “waiting game” is arguably the biggest drawback to land banking.

      https://retipster.com/land-ban...

      Originally posted by @Rick Gutierrez :

      It sounds that Vestright is teaching a strategy called Land Banking. 

      Most investors don’t pay much attention to this opportunity because they don’t have patience. People want their money now, they don’t want to wait for decades to realize their gains.

      It’s an understandable objection because the land banking strategy does take a long time to implement. It may take decades for the land banking strategy to produce results (if it produces results at all).

      In the same way that any investing strategy comes with its fair share of risk and uncertainty, these issues are compounded by the amount of time required for the land banking strategy to work. Many investors would rather have their money today rather than many years in the future, and the “waiting game” is arguably the biggest drawback to land banking.

      https://retipster.com/land-ban...

      I have met Cody personally and I do know he is  knowledgeable at getting land entitlements.. this is a land entitlement play NOT a LAND BANKING play.. And there are certainly large margins to be made.. the big builders in many markets want lots in real time they look for middle men to bring them to them.. in our Market here in PDX where they are located there are a few of them.. Stafford Land company comes to mind..  I have personally platted land and received some pretty significant checks.. not 1.7 million but 500k plus . I did another one were I paid 240k for the property and a developer swallowed us up in 18 months and we sold for 970k.. without doing much to the project.

      As Cody mentions this is not for everyone and I would say very few could do this in reality.  However for 9k that's a drop in the bucket for in depth knowledge like this.. I have not seen the course have not talked to Cody in a few years .. So don't know the content just know the process..  I bought a 90 lot subdivision with a person that uses Cody's business model and I paid him 125k  at close for him bringing me the deal basically pre approved then we put up the 6 million in cash to buy it LOL. .. Again this is here in Oregon..  I would venture to guess that this strategy does not work in all markets.

      Also for those who think just tie it up and flip to DR is something easy this is not the case.. they are famous for changing their mind and walking from EM leaving the lot developer holding the bag.. 

      But either way like Cody says this is far and away different than wholesaling and it certainly is not Land Geek type transactions.. 

      I suspect for Cody and his partner to get to the closing table. ( and we don't go to closing tables on the west coast by the way LOL) Their is EM that needs to be put down.. some sort of Proof you can close Not sure how they teach that.. along with the MONEY you need to do the preliminary work to get to entitlements which is what the builders are looking for.. They may have spent 50 to 200k to get there ALL RISK money.. So yes this is quite different. And exciting and for the very few that can pull it off can be quite financially rewarding.. you don't need architect type skills that's not needed until your actually going to build in most cases.. what you need is land planning Zoning city politics and it helps to understand basic underground construction .. but you don't need to be an engineer or especially an Architect to pull these deals off.. I mean for me I am Real Estate broker and licensed Mortgage banker.. / developer .. only a developer because I have the financial ability to be one. And am capable of hiring the right consultants to get me there.. they don't work on the come.. Its very rare to get JV deals with the consultants.. it can happen but its rare.. And Frankly not worth it much cheaper to just pay them.

       

      Originally posted by @David Hill :

      Hello all! My name is David Hill. I am a co-creator of VestRight, along with Cody Bjugan.

      @Marlon Brooks , thanks for pointing out the duplicate testimonial content. You're right, that was a copy\paste error. We've corrected it with Craig's actual testimonial.

      @Branden Thorne
      First, I wanted to sincerely thank you for bringing this issue to our attention. We are always striving to improve, and your feedback is essential to that process.

      We get a lot of guys who book calls with us who just aren't good fits for our program. Most often, it's a case of watching one of our videos, seeing the 6 and 7-figure returns we generate, and thinking they've stumbled across a get-rich-quick program.

      But Branden, after reading your entry, I took some time to review your call. And in your case, I agree with you. Your call was not handled well and I wanted to personally apologize on behalf of myself, Cody and VestRight, for the negative experience that you had with one of our team members. I reviewed a handful of additional calls and came to the realization that we have some work to do on our end.

      Our ultimate goal is to identify folks out there who have what it takes to be a success in the land development industry and help them achieve their goals. But in your case, I feel we failed.

      As a result, we have made some personnel changes and will continue to pursue our goal of transforming lives through real estate.

      I would be happy to connect with you personally, if you'd like.

      @Mike Land , yes, the $1.7M deal that Cody mentioned earlier was low on details. But the point wasn't to dive into the specifics, but rather to give some insight into the types of returns we generate in executing the strategies that we teach in our course. We actually made a short video of our closing on that deal that you can watch on our Facebook Page. It will give some more insight into that particular deal. I'm not sure if we're allowed to post outside links, but you can watch video on our Facebook Page "Cody Bjugan - VestRight" (link to the video: here)

      But again, it isn't a deep dive into specifics. We have an 8-week course with over 60 training modules, laser-focused action steps and weekly live Q&A Sessions that will take someone from being a novice in the land development space to becoming a Land Acquisition Specialist.

      We've said this before, and I'll say it again here: Our program isn't for everyone. Reading some of the posts on this thread, I think we'd be a great fit for some, but maybe not for others. And that's ok. BiggerPockets is full of great people carrying out great strategies!

      See my post above on this subject.. I don't think I have had the pleasure of meeting Mr. Hill but I do know Cody a little bit having been introduced by Mr. Lovett .. I have looked at projects Cody had tied up and was flipping.. I am not high volume and I only take on one or so at a time.. But Cody does know the business and does these transactions.. Along with I don't think anyone is really comprehending what they actually do.. And being BP which is small investor ( majority) dominated and slanted towards wholesaling houses or fix and flipping this is simply a different arena.. Just like buy and hold an SFR is vastly different than syndicating a 200 unit apartment.

      But carry on guys.. Just wanted to chime in since I did have some first hand knowledge and like everything paid training wise on BP there is a definite bias AGAINST and a thought process U can learn everything for free on BP and you should save your 9k and buy a 40k house in the mid west LOL.

      Lastly on the phone pitches and again to be as honest as I can be based on my experience. I have been a Vendor at Armando Montalongo events. Nick Vertucci events.. Rich Dad poor dad and so on and so forth. So I understand to scale a training business many times you have to outsource ( don't know if this company is doing that) But out source your lead gen funnel.. pretty tough for the actual owners to respond to all the hits they are going to get if they are out on the web with mass advertising..  And of course another personal Bias is I don't recommend anyone putting training on a CC unless your just looking to get air miles and you pay your cards in full every month.. If you don't have the cash to buy the program your 99% not going to be able to execute ANY program.. that is one thing I saw with the fix and flip trainers that I did not care for and one thing I think BP is correct on better to save what little liquidity you have buy some real estate.. 

      PS David and Cody I am looking for another project for next year what do you got  LOL  ? 

      Thank you, Jay.  I work with several retail developers in Houston, Texas.  I will discuss Cody's business model with them and see if I can source a deal or two. 

      Boom! I’ll admit, as I was reading many of the comment left, I began to feel more one-sided than the other and it wasn’t looking good either...

      But then @Jay Hinrichs chimed in, and well, having had a few back and forths in the past with him (question-based) and knowing his rep, I can say I feel a bit more balanced reading what these guys are offering. Jay anytime you comment on someone’s post, I learn something.
      Every. Single. Time.  


      I’ll definitely be looking into the land entitlement game and seeing how to tap in. We’re already wholesaling land deals, but not at this level nor the way it appears that they’re doing it.