All Forum Posts by: Brad Costanzo

Maybe I'm biased because I know Cody personally and am a student at VestRight.  Take that for what you will. 

I'll address the questions I see here.

Cody never says this is easy and requires very little work. It's the opposite. He says he doesn't want anyone who isn't committed and persistent and patient. 

However, most of the work involved involves searching for off-market raw land with development potential, finding the owner and seeing if they're willing to sell.  This can easily be done in 10 hours a week.  

Once you get a piece of property under contract, then you're outsourcing all of the entitlement work to experts and basically managing that part.  

With this model there's no need to do dozens of deals at a time, in fact, one deal a month can literally be worth 7 figures.  Spending 10 hours a week shepherding that is time well spent. 

In many cases, but definitely not all, students partner with Cody's development company to handle the entitlements and the exits to homebuilders for a profit share which can be mid-six figures for simply bird dirt-dogging the deal.  In fact, here's a video of Cody cutting a $600,000 check to a VestRight student who bird dogged a deal for him. 

@Chris Seveney is normally correct here in that "most" people making 6-7 figures are simply selling courses.  In the video above, Cody made more money on this deal with a student than VestRight has made in its history teaching this to students.  (Cody told me this directly)

@Scott E. LOL at your quote "You shouldn't pay ANYBODY this much money for their experience. There is no way that he or anybody will give you $18,000 worth of value."  

You are an online real estate investing mentor yourself. You're telling me that with your success, nobody should ever pay you to help shortcut their experience?  You said "There is no way that he or anybody will give you $18,000 worth of value."  That's really interesting and as a mentor you might want to reexamine that belief.  None of your mentees have ever made more than 18,000 with your advice?  

Also, Cody isn't a Youtuber, for 20 years he's been doing land deals. In fact, you should reach out to him and have him on your youtube channel if you're skeptical. He lives in Scottsdale as well. Hit him up with that request and tell him Brad sent you. I think you'll be surprised at how different what he does is compared to traditional REI.

I have experience with RETA.  I'm typing this from inside my new property in Lagos, Portugal right now, July 2022.  Found the deal via RETA and Ronan and couldn't be happier. 

Discovered the deal in May 2021.  Closed in November 2021, deal was Santa Maria.  The transaction went very smooth and I'm beyond delighted with the work of the developer. 

And we purchased this property having never stepped foot in Portugal before.  To say we were a bit nervous is an understatement but I felt very comfortable with both RETA and the Ideal Homes team who facilitated the transaction. 

Could I have gotten a better deal if I came here and did boots on the ground research?  Who knows.  But I wouldn't even have considered Lagos or Portugal had it not been for my initial conversations with Ronan. 

In fact, after first discovering international living and Real Estate Trend Alert, I invited Ronan to be on my podcast (it allowed me to get more comfortable before making a decision). 

You can watch both my interview with Ronan 9 months before closing and a second video I filmed yesterday sitting in our new condo by going here:  https://baconwrappedbusiness.c...

FYI there are no affiliate links or any other payments I receive on that page. 

Just sharing my love for this process. 

I agree wholeheartedly with Peter. There's definitely not enough information there to make a decision and I will echo all his sentiments.

And you can make almost any deal work with the right negotiation strategies.

But the thing I don't like is that the lender isn't accepting any short sales. Is there a reason why not. Do they fully understand what's at stake? What's the note...?

Also, 50% vacancy is not necessarily a bad thing. It's better than 90% occupancy but with 40% crappy tenants that you have to evict. I'd rather start out clean and move up.

But what experience do you have in turning a property around?

All big things to consider....but good luck!

This forum is an incredible resource, but it's no substitute for reading everything you can that's pertinent to your goals.

You'll find that it's all useless though unless you actually take action on what you read. The bottomline though is that if you invest in yourself and make YOURSELF the asset then your success will come much easier.

As for your comment about it being free, an old president of Harvard once said: "If you think education is expensive, you should try ignorance." I really like that quote.

At the end of the day though...take action.