All Forum Posts by: Account Closed

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!

@Kyle Rosseau sorry you had a bad experience on your call.

Hopefully at some point you will give us another chance.

@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.