Had anyone heard of Cogo Capital?

[Kenneth T.]

I am just getting started in my real estate investing journey and I received an unsolicited message from Cogo Capital, a hard money lender focused on investors. I do not have many resources, but I am comfortable taking some risk and relying on my intelligence and research. However, before I engage with this company I wanted to ask the BP community if anyone had dealt with them or has any feedback on them. I appreciate it!

[Jeff S.]

Certified broker? Really?

I took two business law courses in college.  Do you think the state bar would have a problem with me calling myself a certified lawyer?  And what about that high school biology?  Could I call myself a certified doctor?

The term Certified Broker is intentionally deceptive in my view.  “Broker” is a legal term that often requires standardized coursework and a state license.  Try pulling this crap in CA and see if the DRE has a problem with it.

Interesting that COGO Capital references their CA DRE Brokers license on their website.  I mean, why bother to practice what you preach?

You don’t have to pay $20k+ to learn to broker loans.  Most of the large lenders have affiliate programs and will teach you for free to represent them. Otherwise, broker classes that lead to a real license are cheap.

If you want to become a real broker, earn a real license.