Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago, 10/04/2018

User Stats

248
Posts
51
Votes
Deadrick Colbert
  • Investor
  • Easley, SC
51
Votes |
248
Posts

Does anyone know anything about Cogo Capital?

Deadrick Colbert
  • Investor
  • Easley, SC
Posted

Does anyone know anything about Cogo Capital? Are they legit?

User Stats

243
Posts
108
Votes
Moshe H.
  • Rental Property Investor
  • Ramapo, NY
108
Votes |
243
Posts
Moshe H.
  • Rental Property Investor
  • Ramapo, NY
Replied

@Deadrick Colbert I just read another thread today where someone said they had done several deals with them and they are a legitimate lender. Search for their name in the BP search box and you should find a few threads talking about them. If I remember correctly, I've also heard Michael Blank recommend them for getting a Proof of Funds letter (costs $5 and is apparently not very hard to get).

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. I almost lost a deal and had to change lenders days prior to my deadline.

BiggerPockets logo
Join Our Private Community for Passive Investors
|
BiggerPockets
Get first-hand insights and real sponsor reviews from other investors

User Stats

17
Posts
4
Votes
Dixie Yang
  • Real Estate Agent
  • Montgomery, AL
4
Votes |
17
Posts
Dixie Yang
  • Real Estate Agent
  • Montgomery, AL
Replied
@Moshe H.these 5 dollar proof of fund does nothing at fannie mae or hud owned foreclosures.

User Stats

243
Posts
108
Votes
Moshe H.
  • Rental Property Investor
  • Ramapo, NY
108
Votes |
243
Posts
Moshe H.
  • Rental Property Investor
  • Ramapo, NY
Replied

@Dixie Yang that makes sense. It doesn't seem to really be backed by anything. I used one once just to satisfy a seller's realtor and they accepted it, but the truth is that afterwards I wasn't sure if it was a good idea.

User Stats

31
Posts
7
Votes
Paul Holtham
  • Lancaster, NY
7
Votes |
31
Posts
Paul Holtham
  • Lancaster, NY
Replied
@Chris Kraemer I had the same experience on two deals.