Cogo Capital — The Private Money CompanyReviews of cogocapital.com

First came across Cogo Capital in the mid-summertime 2025. My wife and I were pitched a $25,000 program with all the bells and whistles. It was very hard to say no. They basically turned what should have been a 1-hour call into almost 2 hours. Really laying it on thick it but I have to give the guy credit because he did show off some of the programs. I declined and the guy still wanted to a deal together. Ended up "shopping" around having just got into REI. Wanted to get some second opinions and learn more about options and resources available out there. Back to that later in this story. Around Aug/Sept I saw a Cogo Capital e-mail on getting a proof of funds letter for $12. Don't recall whether I paid or not but I was convinced in paying $200.00 for a pre-qual letter. I was promised the world, and the salesmen/loan analyst was convincing and made it sound like we were going to do a deal. Too his credit he did send me an assessment form, but I can make better ones on Biggerpockets. In a week or 2 I sent around a dozen assessments and only received 2 responses. The few times I tried to call him he was either never available or too busy to talk for longer than 1 minute. Sent more requests and made another call or 2 never heard back. Eventually I called the company and a lady answered she was pretty helpful she ended up telling me the loan analyst no longer worked there. Gave me some numbers, called those guys up but didn't hear anything. In the meantime, all those properties I assessed were either sold or pending. By the grace of God, that's another thing they claim to be big into Christianity, so much so the new guy I talked with has a religious advocacy as an e-mail signature. So as always, I was telling the new advisor my situation. He then 'recommended" me to a "financial advisor".Up until this point everyone I talked to from Cogo Capital was nice and generally didn't rub me the wrong way. She called me up and asked about my residual and passive income and told her something in a range. She said something along the line of "that's not a lot at all" she said that gloves came off. Put it this way I was very critical of everything she said at that point. At one point I had to return the favor, she mentioned about getting all my financial information to make a plan. My response "that's what my financial advisors does". She definitely got offended we didn't argue but it was clear we weren't a good fit a lot of back and forth. She wanted to have another conversation. Denied the invitation not too long after and she never responded she probably knew the writing on the wall. Told the guy who "recommended" that individual it won't work. Of course he took her side didn't expect anything different. So now I'm so discouraged doing business with these characters. In closing with that shopping around comment earlier, I have come across plenty of private money lenders that don't try to upsell you into a five figure "education" program. I give 2 stars in the end all I lost was 200 dollars and a couple months. So glad my wife and I didn't pay that $25000. Still have 2 months left until that prequal expires but they will try to upsell me again. What you do with your money is your choice. Before you put a lot of hard earned on the line really give it some thought before signing a contract. Try ChatGPT you'd be surprised what you can learn on your own. Good Luck

I bought the private money lending course. The sales pressure was intense. Despite knowing my money situation, they only cared about me maxing out my credit card to pay $10k. I was then pressured to hire a virtual assistant and coach for $7k which was money thrown down the toilet. Finally they pressured me to hire a professional for taxes and LLC formation. It is not hard to figure out tax on $0.00!! They had the nerve to ask for another $7k for a virtual assistant. I wish I had NEVER come in contact with this company!

I did the $30,000 Mentorship package. Then I got sold the VA (Virtual Asisstant) $6,000 starter 20 hrs. I needed to cancel that, tried to by phone, but no one returned call. I never did get the VA. I emailed "Customer Care" & got the legalize e-mail saying I had 3 biz days, we're not going to refund you 6k. So this company wants to keep my 6k for a VA I never got after I tried to cancel???

This took an incredibly long time - much longer than it should have. Bill asked for the same information again and again. The icing on the cake was when Bill asked who James Ray Burk was - less than 2 weeks from closing - that is the name of the client. The only client we had been working with for months. I would like an alternate loan officer with COGO for future business.

Well I actually like the people and you can trust them... they are too expensive. Their training course is amazing with a money back guarantee... IF you can actually get a loan from them which I have not been able to find... A trade school would probably be cheaper and you’ll learn more. I have a property under contract for 120,000 and that’s all I need, 2 points 12% paid at the close and I could make money, they would make money, the contractors would make money. I have all of the capital to do the rehab but they want to cover that part as well, so I would end up spending $24,000 just to close a property, And I would have to pay 1700 a month... I make no money. I’m basically working for them. Maybe they are right fit for you? Just know it’s going to cost you and all of your hard work. Proverbs 22:7 7 The rich ruleth over the poor, and the borrower is slave to the lender.

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.