Cogo Capital — The Private Money CompanyReviews of cogocapital.com

I have enjoyed my time learning and feeling peace about making decisions for my future financially.

There are pros and cons with this lender. PROS -Willing to lend up to 90% of purchase price and 100% of reno costs, provided the combination of the two do not exceed 65% of ARV -Expect you to purchase lender title insurance at closing, and non-owner occupied hazard insurance. These two items appear to be industry standard costs. CONS -Are not transparent will ALL costs of doing business with them. For example, during my vetting process, there was no mention of title and hazard insurance. Capturing all lender costs become critical when evaluating your net profit margin on a property. I have a very thorough profit margin calculator that helps me identify whether a property is worth pursuing. I shared this with the lender, and not once did they indicate I needed to add these additional costs. -Require a reno estimate from a state, insurance, bond certified contractor. However, you do not have to use this contractor, and can elect to do the work yourself or sub it out. This requirement greatly affects a timely closing for a cash deal. Many contractors are booked weeks out and cannot produce an estimate quickly. Additionally, I ended up having a better grasp on budget and cost savings suppliers/measures. So, at the end of the day, it was a needless time suck. I have spoken with other investors who were able to submit their own reno estimate. -Require a property appraisal to verify your comps on ARV. This appraisal is dependent on the reno estimate, so they can account for improvement value. Again, this further slows down a timely closing for a cash deal. Other investors have provided realtor comps that are then verified by the lender. What makes the appraisal process worse, is you MUST use an appraiser affiliated with Appraisal Nation. And if you need that appraisal sooner than 14 days, they charge you an expedite fee. My appraisal fee was $650+ to get an appraisal in the next 7 days. This is substantially higher than the $300-$400 standard rate. -Takes 21-24 days to get cash in hand. All the above points cause drag on what needs to be a streamlined cash-closing process. Timing is so critical, not just to beat out the competition in an offer, but to follow through on the cash offer benefits, namely 2 weeks to close vs a month or more. I lost my deal, because the seller did not want to wait beyond 18 business days from the offer acceptance.

There not afraid to give a chance with training Faith based company when others turn you down .

I didn't know what to expect. But once I got settled in I found it to be very informative. Financial literacy and passing wealth to the next generation this subject matter is not taught in the public school system. The instructor was excellent and the networking was great! Look forward to working with the organization in the future.

Incredibly professional with tons and tons of amazing information that I doubt is available anywhere else.

It’s been an amazing experience, ant wait to the tomorrow that includes financial freedom!

Thank you Gary and all the speakers for the awesome and enlightening experience. Thank you Cogo for this opportunity. I would recommend this for anyone who want to change their lives now.

I have been to many real estate classes but this is more than I ever have learned from any class ever!