Cogo Capital — The Private Money Company Reviews 181

Way to go Mike Evans first 30 year loan!!! You got us started and helped us finish with being the recipient of the very first 30 Year Loan with COGO! Jaclyn Olsen was burning some midnight oil to help us too. We are greatly honored! And there's a back story. The property that secures that loan, is the very first house - a HUD repo fixer upper - I bought as a joint venture in 2003 with what I learned from Lee's "Fortune in Foreclosure" material. I made my JV partner a $Million Buck$. Now...rinse and repeat!!!

OVERALL It was a Wonderful Experience ! Finally, an entrepreneur who has his priorities straight. GOD 1st, family, then business. Which spoke to me, bc when you use the gifts that HE places inside you to help/educate/inspire/encourage others, then HIS BLESSINGS WILL Chase you down ! Even with our skills, we must be reconditioned to be a willing, clean vessel for those talents to operate thru. This w/e I witnessed a lot of that thru your presenters Steve, and Mike. Very informative and inspiring.Rev Harper,exclaimed that GOD IS WHO we need HIM to be when we need HIM THERE, but HE wants us to Honor and Respect HIM as the Sovereign GOD that HE IS. And when we open our hearts, minds and spirits to HIM,eyes have not seen nor ears heard, WHAT GOD has in store for those who LOVE HIM and that are Called...Ya wanna be called! THEN the Best Supporting Staff Award must go to: Jodi, Val, Todd. GOD Bless Jodi for her heart, and ability to coordinate not only the objective of management & the seminar, but also attended to the questions, needs and logistics of the attendees. Good Job ! Good Presentation, a lot of material to cover, truly Steve continuously burnt his headset batteries out !!! LOL !!! What a Guy! Mike,came with a wealth of information,on the practical. Good insider info.(Oops! Did I say that ?) Slides were good, I wish that we had more time on them, but I imagine, that was the purpose to direct people to the other packages. Thanks for the invite. I look forward to the April event, AND Investing quality time with Lee: A Day at the Auctions ! That's GOTTA be one Powerful EVENT ! They ARE ALL useful vehicles used to the GLORY OF GOD.

I attended a seminar recently for COGO Capital and was very impressed. They offer 100% asset based financing for fix and flips regardless of credit. Also, tuition reimbursement for many of the education programs they have available. Outstanding!

AWSOME PLACE TO BE, IN A COMPANY OF LIKE MINDED PEOPLE !

When I came to this training I has looking for money. But what I found was many ways of using real estate as a tool to make money. Also a great support and training team that I need to build the business I want.

Very bad experience, I was told that the application fee will be refunded if I am not gong ahead with the loan estimate provided.
Definitely not using them again.

We decided to pursue the new 30 year program for our rental property through Cogo as soon as we heard about it. We had done a 12 month refi/rehab that was soon to be up. Boy are we glad we did ! Feel a great privilege to be the first through this process.

All Cogo people were great with their help, especially MIKE EVANS!
Couldn't ask for a better loan man to see us through.He really hit the ball out of the park!

And Jaclyn Olsen supplied the direction and expertise to keep this project on track.

I highly recommend this and Cogo's other loan offerings to any who need Private Money loans.

Really love working here! I get to help people everyday create a financially stable lifestyle! No more working for wages, no more just getting by, no more paycheck to paycheck, but most importantly, they get more time to spend with there family! I've seen people turn there lives around completely after working our programs. The ones that put in the effort and listen and learn from our company, produce deals after deals and create so much capital. We get more of what we want by helping others get more of what they want. Change your life for the better, give us a call.

I find it very easy to get fix and flip loans for myself and my clients with Cogo. Questions are answered quickly, they actually want to make the loans, and they do all they can to make the loan process painless.

After paying over $4k in upfront fees, being very transparent, doing everything requested and sending documents far above and beyond, we were denied last minute and referred to their lawyer for and follow up questions. Still no solid explanation as to why.

We've closed lots of deals together but they usually come with headaches and last minute changes/surprises. For a period, Cogo Capital offered the best terms which drew interest but once in underwriting/lender committee those terms were deviated from, which usually resulted in clients being required to bring thousands of dollars more to the table than expected. This occasionally resulted in deals falling through or clients having to find capital partners where they weren't needed originally. There have also been changes in the education plans offered which means education plans that were previously purchased and offered great deals, have a much lower value because new programs come out. Additionally, the benefits we originally paid for don't have the same value because they have been rolled up into another plan. This gives the impression that in order to maintain the benefits that we've already paid for, one must continue to upgrade an education plan. More consistency would be greatly appreciated. Also, I've found a lender who fronts construction cost. If you have a plan that offers this benefit, that would be great. I've found it hard for clients to show the reserve amount for the payments, 10% contingency for construction, bring thousands to the table and still float the draw and wait to get reimbursed. Not everyone has a contractor that can/will float their draws.
As for marketing, they are great but I've have problems with their business development consultants (salesmen) calling my leads. People who were actively working with me were contacted immediately after getting a proof of funds letter or just doing a general inquiry from my landing page. Also a couple of my clients were approached and sold on brokering packages which caused them to go from clients to competitions and nothing was done to protect my interest in future deals. I just got cut completely out.

Cogo Capital has been a pivotal part of the growth of our business, Concept 1 Properties, LLC. We have far exceeded our expected growth plan in just this past year alone and are looking forward to achieving the same success as we strategically move through this and the upcoming years. My wife, Chandra, and I couldn't be more pleased with the advice and help that has been provided to us from the Cogo Capital team members. We made a vow in the start to treat our partnership as a family and have done just that. We look forward to our business future as this year we plan to enter the brokering training program as well as taking the licensed realtor exam. On top of that, we will continue to provide quality homes to the wonderful families in our community.

My only suggestion on improvements would be to allow some percentage of the rehab budget to be released at the closing for your more experienced rehabbers. This would allow great flexibility for those who have multiple deals working simultaneously. It aids in keeping the process moving quickly and smoothly which results in growth for everyone. Thanks COGO!

Ronald & Chandra Gibson, Jr.

They are impossible to use. After running in circles and jumping through hoops for over a month they just keep coming up more more surprises. My cash to close went from just over $5,000 to over $12,000 during this process. The first jump was because they took the appraisers cost to repair values over mine and the last time it jumped was because they didn’t trust her numbers so they pulled an arbitrary number out of the air but then said they couldn’t finance the difference and I had to have $7000 more in cash. Don’t trust them, they milk you for fees and then pull the rug out from under you!

If you like your deals falling through because of funding, deals taking forever to get funded, being lied to, talked down to, and trying to be sold a second rate training program that you don't need then Cogo Capital is for you. For everyone else, that respects themselves as a professional investor, look anywhere else but here.

Disreputable company. Poor communicators.Projected themselves as a hard money lender but required more paperwork and were slower than any bank.

HORRIBLE. I had two great deals fall through dealing with this company. Nothing is done in a timely manner.

Sent cost breakdown on 65% loan to value. Terribly slow...sent cost projections 3 times. Night before closing they changed everything and wanted twice down what had been agreed to....forced me to get appraisal for $675 and they then did not even use it to get more junk fees. Too bizarre not to be true. Defined predatory lending.

Absolutely the most unprofessional experience that I have ever had. I had three different loan officers, and none knew what was going on until the last one. They all just kept quitting. By the end of it, the one LO who was decent couldn't make up for the others. It was too late. Absolute fiasco. I should not have closed the deal knowing what I knew of their service, and the fact that with a rehab loan the relationship would be ongoing. But I did because I had an obligation to the seller. Making this choice cost me thousands. Unbelievable junk fees! I refi'd out right away, but not before I got to spend a ton of cash on something that I got no benefit from. I want to say that I am a seasoned renovator and a real estate broker with decades of experience. This seemed like a good idea for a sec, establishing a relationship with a lender for fast rehabs that would cost more but have none of the red tape. Too bad it had all of the red tape, with a nice heavy dosage of incompetence. When they saw that I refinanced, they called me and asked me what they could do to earn my business back. I ignored the call. I was not uncommunicative at all during the process, so they knew my misgivings. Even if they had refunded all of the money I wasted closing this loan, I would never go back nor recommend. AVOID!

Cogo capital is the best company there is! Giving me the funds i want in the time i need them. Above and beyond the transaction is smooth and fast!