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Updated about 3 years ago on . Most recent reply

User Stats

147
Posts
39
Votes
Jorge Borjas
  • Flipper/Rehabber
  • Dallas, GA
39
Votes |
147
Posts

Cogo Capital

Jorge Borjas
  • Flipper/Rehabber
  • Dallas, GA
Posted

Hi BP colleagues,

Does anyone have experience dealing with Cogo Capital? They are a hard money or private lending company. I recently contacted them and they spend a lot of time trying to sell me on their mentoring program that costs an arm and leg. They seem like the gurus that want to coach you for a fortune. I think the CEO is Lee Arnold. Has anyone gone through that program or other related programs? How have your dealings been with them. I definitely don't like the idea of putting $10k up front for a program that is not guaranteed to work. Your thoughts and advice please. Thanks!

Most Popular Reply

User Stats

42
Posts
9
Votes
Chris Kraemer
  • Midlothian, TX
9
Votes |
42
Posts
Chris Kraemer
  • Midlothian, TX
Replied

This is an old post, but my experience with COGO was so bad, I need to chime in and say it was terrible! They were slow, cumbersome, and impolite. Their appraisals come in low so you have to bring more to close than they promise. I almost lost a deal and had to change lenders days prior to my deadline.

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