Why the Wealthiest Investors, Nobody Talks About, Are All in This Industry
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What is discussed at the start of this section?
You might be the man 99% of the time, but inside your home, you're not the king, you're the joker. You're gonna be, like me, crying in your underwear in your theater room at three in the morning because you have $700,000 in bills and 400 grand in your bank account. Like, and you're like, none of this shit makes me happy. The cars, the houses, the money, the brand. But inside, I felt dead, empty, and scared to master the mundane. The millions are in the boring work, the repetitive work. It's all about discipline. I'm not the smartest guy. I'm just disciplined.
welcome back to the home service expert today i got a special guest in the house his name's cody sperber great buddy of mine we invested in a company called floor daddy cody aka the clever investor is one of the most recognized names in real estate education a navy veteran thank you and an asu finance grad WP Carey, baby. He went from zero to flipping 2,000 properties worth over 500 million. He found a clever investor in 2010, scaled it to an Inc. 5,000 company with over 100,000 plus students and successfully exited in 2023. He's also a founder of six eight-figure businesses, a best-selling author, and was the number one most followed real estate account on Instagram. Cody, welcome to the Mellow Millionaire.
Thanks for having me on.
So let's just start with a little bit of the origin story.
Okay.
You went from a Navy vet to ASU finance student to flipping deals from your girlfriend's kitchen table with zero cash. That's a heck of a story. Let's dive in.
Yeah, I mean, the short version of it is I got lucky. You know, I was going. I came out of the Navy. I really wasn't 100% positive what I wanted to do. I went back to my favorite human on planet Earth, my dad. I said, what should I do, Dad? And he said, what should I do? He said, go to ASU, use the MGI bill and get a degree in finance. And I'm like, dude, I'm horrible at math. Like, what are you talking about? He goes, that's the language of business. It's the biggest regret of my life.
How did Cody Sperber transition from the Navy to real estate?
I should have majored in finance, maybe accounting, something like that. So you could figure out business. I said, okay. And as I was going to school, I got lucky. A friend of mine flipped a house, made $80,000 and bought a cool car. I didn't care about the house or the money. I cared about the car. And so we were hanging out. I said, how'd you get the car? And he literally pulled out a napkin and penciled out. It was the first time I ever was exposed to creative real estate investing. I always thought you needed a license, deep pockets, you know, a fancy watch, a suit, the whole thing, connections. And here he is, the guy was doing it as like a little side hustle. And he could explain it on a napkin and anything that's simple enough to explain on a freaking napkin.
my brain can wrap its head around. And so I took that napkin with me and it was the concept of wholesaling, AKA no money down house flipping, where you're not really buying the real estate. You're just controlling the real estate and flipping it. You're very familiar with this world because you've done a lot of real estate stuff, a lot of lead generation. And so anyways, yeah, I just I got turned on by it back then. You got to go way, you know, 23 plus years ago. No social media, no Tommy Mello podcast and get mentoring. Yeah, like I was just figuring it out. flying around. I would look in the back of newspapers and see little classified ads for a real estate seminar, Reno, Nevada, Sheridan Airport Inn, 500 bucks.
And I'd get my butt on a plane and I'd go and I was scared to death. And I looked like I was 12 and I had no money. And here I am believing that I could flip houses and buy a Mercedes or something, you know? And it took me 14 months, man. It took me 14 months to do my first deal. I don't know very much. I look back now and I'm like, dude, you're just crazy enough and hardheaded enough and relentless enough to believe that you can do it. But I didn't have much of a choice. what was my alternatives? We had no money. I was broke.
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Chapters
7 chapters
1
What is discussed at the start of this section?
0:00β1:50
2
How did Cody Sperber transition from the Navy to real estate?
1:50β11:01
3
What challenges did Cody face before his first deal?
11:01β17:20
4
How did Cody's mindset shift after his first successful deal?
17:20β47:08
5
What mindset is essential for overcoming challenges?
47:08β47:35
6
How can entrepreneurs effectively communicate with their partners?
47:35β49:46
7
What are the dangers of boredom for wealthy individuals?
49:46β1:33:44
Speakers
3 identifiedMore from The Home Service Expert Podcast
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