Alan Cowgill Private Money

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Bob Conroy
Real Estate Investor · Franklin, MA · Member since 2009 · 5 posts · 3 votes
17y

I hate to be the voice of dissent - but the course is VERY basic. It says, hit up your current network - friends, family, etc. Also mentions trying to explain the benefits of self-directed IRS, because thats where a lot of potential prospects could move their money from a traditional 401k/ira into, so they could invest with you. I guess its an ok course if you have no clue. I also have his advanced course - which gets into presentations - however, there are SEC compliance regulations regarding the marketing and presenting of investment opportunities. So the best game plan is to do sit-downs in 1-on1 or small groups. I got the course so I could utiilize his presentation, I have since acquired other power points that are just as good for less or no money.
To be fair - I bought his first course at a Larry Goins Investorpalooza - It came with an offer for help via e-mail - he wasn't much help, so I wasn't happy with him, and subsequently left a bad taste in my mouth. Plus in his presentation he wasn't very forthcoming about the HUGE SEC exposure of marketing to new prospects. I think that was misleading by NOT sharing that information. I felt that he did not follow through with his commitment. So instead of paying full price for the Advanced Course - I bought it on Ebay.

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  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    17y

    I attended his seminar back in January and I purchased his course. It has a lot of great information. I would recommend it. The hardest thing these days is getting the money to buy property, this will tell you how and where to find it.

    Curt Davis - KAIZEN Realty538 Reviews
    WebsiteView Page
    3Reply
  • Joe Sullivan
    OP
    Santa Ana, CA, CA · Member since 2009 · 13 posts · 9 votes
    17y

    Thanks, Curt. Have you put these teachings to work and raised money? Or is this a new arrow in the quiver which you haven't pulled out yet?

    0Reply
  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    17y

    Thanks Curt I've heard about Alan's course for a long time and was waiting for someone who is an active member here to give an honest objective opinion.

    0Reply
  • Bob Conroy
    Real Estate Investor · Franklin, MA · Member since 2009 · 5 posts · 3 votes
    17y

    I hate to be the voice of dissent - but the course is VERY basic. It says, hit up your current network - friends, family, etc. Also mentions trying to explain the benefits of self-directed IRS, because thats where a lot of potential prospects could move their money from a traditional 401k/ira into, so they could invest with you. I guess its an ok course if you have no clue. I also have his advanced course - which gets into presentations - however, there are SEC compliance regulations regarding the marketing and presenting of investment opportunities. So the best game plan is to do sit-downs in 1-on1 or small groups. I got the course so I could utiilize his presentation, I have since acquired other power points that are just as good for less or no money.
    To be fair - I bought his first course at a Larry Goins Investorpalooza - It came with an offer for help via e-mail - he wasn't much help, so I wasn't happy with him, and subsequently left a bad taste in my mouth. Plus in his presentation he wasn't very forthcoming about the HUGE SEC exposure of marketing to new prospects. I think that was misleading by NOT sharing that information. I felt that he did not follow through with his commitment. So instead of paying full price for the Advanced Course - I bought it on Ebay.

    3Reply
  • Paul Kestenbaum
    Commercial Lender · Ocala, FL · Member since 2008 · 60 posts · 4 votes
    17y

    Are there any other Courses out there, that are similar, & may be better, for the raising of funds??

    1Reply
  • Brian Wall
    Wholesaler · Santa Fe Springs, CA · Member since 2009 · 219 posts · 83 votes
    16y

    Bob,
    you make a good point about the SEC. Can you direct me where to look to find out the specifics of SEC Guidelines, I want to focus on raising funds for deals in California by private lenders in CA.

    Thanks,
    Brian

    1Reply
  • Jon Zorrer
    Real Estate Investor · Rahway, NJ · Member since 2009 · 49 posts · 6 votes
    16y

    Matt Scott has a really good program on raising private money.

    2Reply
  • Bill Walston
    Real Estate Investor · Northeast TN, TN · Member since 2008 · 516 posts · 361 votes
    16y
    Originally posted by Paul Kestenbaum:
    Are there any other Courses out there, that are similar, & may be better, for the raising of funds??

    Two that come to mind are Patrick Riddle's Private Money Blueprint and Mike Lautensack's Private Lending Secrets. (You can find both by a quick google search.) You can actually download Patrick Riddle's powerpoint presentation and script (free) at his website.
    regards,
    Bill

    1Reply
  • Todd Mims
    Real Estate Investor · Atlanta , GA · Member since 2009 · 70 posts · 15 votes
    16y

    Check out "Joel Block" straight up no BS syndication expert I seen in florida this year. Great guy.. I have a local guy "Paul Galasso" in Seattle that gave an impressive on day workshop on raising private funds and went "deep" into staying in compliance with SEC Rules... He provides booklets full of paperwork and all. This is not an easy world to tackle. its definitely a big boy world, but once u get in it can be a bottomless pit of opportunity.

    0Reply
  • Jose R.
    Real Estate Investor · Kahuku, HI · Member since 2009 · 148 posts · 25 votes
    16y
    Originally posted by Joe Sullivan:
    Is anyone familiar with this course? Can anyone recommend?


    I dont have this course, but I know it sells on eBay for VERY cheap.
    2Reply
  • David Knize
    Real Estate Investor · Pittsburgh, PA · Member since 2009 · 11 posts · 3 votes
    16y

    Thank you to everybody who has posted here. You all have given me some insight and references to a subject which I have been interested in for some time. One question I have is has anyone applied any of the principles learned through their studies and successfully landed private lenders?

    I appreciate your time,

    Dave

    1Reply
  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    16y

    Before taking the advice of anyone, make sure you complete your due diligence on them. Taking advice from people who don't actively practice what they preach and or have negative items against them, should be a red flag to stay away.

    Podcast Guest on Show #130
    1Reply
  • Joe Salimao
    Real Estate Investor · Blackwood, NJ · Member since 2009 · 79 posts · 10 votes
    16y

    I bought the course and thought it was useless. It was like listening to a broken record. He repeated himself over and over again about basic information.

    2Reply
  • Bob Washington
    Real Estate Investor · Beverly Hills, CA · Member since 2010 · 10 posts · 7 votes
    16y

    This is not to denigrate Alan's course [it was an, interesting, read... ] but it was constructed pre-2008, before the SEC and many state regulators started becoming more viligant at monitoring the increasing number of real estate investors issuing securities [if you are raising capital from investors to invest in real estate....]

    Whichever course you elect to use, or not, or self-educate, seeking out an active attorney current on your state's and federal SEC law is ESSENTIAL, before you mail out any post cards inviting folks to luncheons or otherwise ADVERTISE for investors [as Alan's course advocated when I perused it].

    The red flag to state regulators is when ads appear, if the advertiser has not complied with the proper state registrations prior to soliciting investors through advertising, you've just created a HUGE target for yourself in most states.....

    On the other hand, a good attorney practicing in your state's PPM or private offering realm can protect you, and review your offering to investors....and save you some stiff penalties
    [you've probably heard of the one old school very successful investor, sort of the grand daddy in the private investors area, was actually shut down, for a comparatively MINOR failure to maintain proper paperwork, i.e. whether funds would be returned to investors after each project, or rolled over to the next project..., simple paperwork, had it been drafted correctly, and then proper records maintained]

    Best of luck

    Bob

    1Reply
  • Account Closed
    Real Estate Investor · Madeira Beach, FL · Member since 2012 · 30 posts · 8 votes
    13y

    Know this is an old topic but have spent an hr + trying to find Patrick Riddle's ppt so I have a template and don't have to reinvent an entire presentation but no luck in finding for free. Any suggestions? Maybe he's just charging for it now that's it's been 2-3 yrs since that post. Thanks for the help!

    0Reply
  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    13y

    Josh Thomas here is the link to his PPP:

    http://search.yahoo.com/r/_ylt=A0oGkksis4FRX1kANKZXNyoA;_ylu=X3oDMTByZWgwN285BHNlYwNzcgRwb3MDMQRjb2xvA3NrMQR2dGlkAw--/SIG=12nl2f4bb/EXP=1367483298/**http%3a//www.privatemoneyblueprint.com/vip/PrivateMoneyPowerPoint.ppt

    3Reply
  • Account Closed
    Real Estate Investor · Madeira Beach, FL · Member since 2012 · 30 posts · 8 votes
    13y

    James Hiddle Thanks so much!!!

    0Reply
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