Hi Moguls, Cody Sperber here sharing an eye-opening lesson for you about investing. No, I mean really investing. It was a painful lesson for me, but here’s hoping it will help you!
At the outset of my real estate investing career, I gave very little thought to cash flow. What mattered most to me? A quick deal and fast cash. I looked at the spread between the low price I could get a property under contract for, and the higher price I could flip it to another buyer for.
I guess you could say I turned into a wholesaler junkie. I was addicted to fast, easy payouts and the ability to “invest” with no money or credit. It was more fun than I’d had in a long time.
Fast forward a few years…
After working in my business for about 2 years and pulling in close to $30K each month, I thought I deserved a little time off. In my mind, if I ran short, I could always get out there and flip another house. Because…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).