I was just wandering if anyone has baught Alan Cowgill's programs on private investors. If you have could you tell me what you thought about it and if it was a good buy. don't want to make the wrong choice.
If you have any sudjestions on some books that have some good meat on lets say Flipping, Rehabbing, and Pre-Construction investing that would be helpfull too.
Hello,
I have in fact been to Alan Cowgills Bootcamp several times and learn something new everytime. Just last month I used Alans Program to close on a deal and thanks to using his proven methods we were able to walk away at closing with close to 50K.
I have attended several seminars and been thru many boot camps and I have to admit that Alan Cowgills "where to get the money" boot camp is one of the best put together, most information and good reliable verifiable information of all the boot camps I have attended.
I am currently looking into large Multifamily unit deals that I never would have dreamed of had I not found his program.
I bought his home study course and found it a little weak in one area. He talks about getting single investors to loan you enough for a deal. this is a great concept and I have used this technique on several properties.
The weak area, and perhaps he spends time on this in his live trainings, is getting several people together on a larger deal. There are numerous issues... suppose one of the group wants out early. In a group, you have to some how make the group a syndication or something to give everyone a first or 2nd position note as they all can not be that individually. Last, you start bringing in too many people and the SEC is all over you for selling securities if you do not have your license.
It gets way trickier if you need more than the $20 or $30K many folks will loan you and his home study course hardly touches on how to bring groups together if you needed, say 200-300K to do a deal. My 2 cents
I agree with Brian that Cowgill is VERY weak in the areas of pooling funds together. I think the course puts together some basics in a nice way. I found his information well after I had been dealing with Private Money for years. I learned the ropes myself and found Alan's stuff decent, but needing a good amount of POLISH.
I also find it interesting that the post above that really RAVES about Alan is the only post by the user on here. Just curious about that.