Lee Arnold and Independent Broker program for private money.

[Michael Davis]

Has anyone tried out the independent broker program as advertised by Lee Arnold and Cogo Capital?  For $398, he promises to teach you how to broker funding up to $20 million per deal for real estate deals.  Supposedly, you make around 1% of the amount loaned on every deal.  It sounds too good to be true.  He says no license is required since the loans are only for non-owner occupied, short term deals.