nouveau riche...is it a scam????

[k8calder]

has anyone ever heard of nouveau riche?  it is a new real estate investing school...there is a MLM involved in the scenario. the tuition is pretty steep...$16000...has anyone gone through the classes? does anyone know of anyone who has?  is the cost of tuition worth the information they provide?  

[wil817]

lol, 16k

[jryan2355]

I attended a meeting and I was immediately turned off by the network marketing aspect of the company. They promoted the network marketing and getting others to sign up and pay the tuition for 90% of the meeting. But, I can't personally say I have worked with them.

[SCflipper]

I would think twice about it, buy some courses off of this site, way cheaper..16k lil steep.

[JLMarshall]

I am a student of Nouveau Riche (spent the $16k) and I love it.  Yes, I've already made my money back via using the education, but not the "marketing." I wouldn't be turned off by the marketing as it is OPTIONAL.  I know a lot of people are, but honestly if you think about it; if you spend $16 GRAND and the thing works, you're gonna tell somebody (at least I did), so if they want to do it too it only makes sense to get a referral fee right?  Well, I will say this one final thing about it and get off my "soap box"; Nouveau Riche is the ONLY real estate education company to have received a credit recommendation from the American Council on Education (ACE), which is the entity that decides which classes at which universities are eligible for college degree applicable credits and I think that's pretty powerful.

[kdhastedt]

<<I attended a meeting and I was immediately turned off by the network marketing aspect of the company. They promoted the network marketing and getting others to sign up and pay the tuition for 90% of the meeting. But, I can't personally say I have worked with them.>>

You mean like their members' posts in this thread??

Do NOT upsell the NR "Kool-Aid" in the Discussion Forums...I guarantee it will NOT be tolerated!

Go back and do a thread search for previous posts regarding this organization...it's all there except that which was removed because of the constant "sell, sell, sell..." of their business model.  

http://www.reiclub.com/forums/index.php?board=;action=search

We that spend any amount of time here can tell when they've turned loose a new flock of convertees...we spend significant amounts of time deleting and/or editing their posts that violate the Forum post rules.  So, take this as a warning and take the sales pitch and the networking elsewhere.

I would urge others that are approached/contacted by the Nouveau Riche (or any similar organization) via PM or e-mail obtained from your profile on this site and are offended by it, to please contact any of the Moderators or the site Administrator.  The intent of this site is NOT to provide fertile soil for MLM, Ponzi schemes, or other networking...


Keith
Moderator

[NoMoneyDown]

$16,000!!!!  Are you kidding me?  My RE educational costs to date - excluding on-the-job training - hasn't even reached $1,000 yet.  Heck, my 4yr college education didn't even cost that much.

[kdhastedt]

Does anyone else find it peculiar that a person with ZERO posts makes his first post about Nouveau Riche and then it is answered (with some sort of authority) by another poster with just a couple of total posts singing the praises of the NR organization?

Odd coincidence?  I don't think so!  Gee where have I seen THIS pattern before?  Oh yeah, right after the last NR 'graduation'!

<<...I could not care less whether or not anyone else ever decides to join or not... >>

Hmmm, this from a guy that says in his previous post, "...I know a lot of people are, but honestly if you think about it; if you spend $16 GRAND and the thing works, you're gonna tell somebody (at least I did), so if they want to do it too it only makes sense to get a referral fee right?"

BUSTED!

Read your Private Messages...and, oh yeah, the Forum Rules while you're there.

Keith

[NoMoneyDown]

Doesn't that sound like it makes a little more sense than listening to the opinion of people who are simply sticker shoppers who are blown away by the cost of the program, but have no real knowledge of it truly?

I'll take that as a direct reference to my post.  You're having a 3yr old tantrum about not being heard, then turn around and chastize others for their own opinions.  Either you have a position or you don't.  Which is it?  My opinion was I made it in REI on <$1k education.  If people feel the need to unload $16k on something that may work, then more power to them.  I just think it's ridiculous, in my honest opinion.

[JLMarshall]

It wasn't a direct reference to your post; but I think that the base of most of the disheartenment with the company is the cost of entry.  Not just you, but the masses.

[wil817]

many people starting out in realestate are lucky if they have 16k.  i know i didnt.  to anyone that wants to learn about realestate investment, i say use that 16k as a down payment or keep it in your bank account.  youre definately going to need it.  there are plenty of books for sale on amazon.com and available at the library that have more than enough information to help you buy your first property.  not to mention all the free info you can get here!  100$ worth of books (or less) will very likely teach more to you than any single course.

[yrush2000]

Keith....I have a thought...delete this whole tread on the board...Lets not talk about NR...instead start on thread on how to start on in investing..

People...the best education is hands on learning in this field. Books become 2nd since they can not tell you when you made a mistake..Mistakes are just part of the learning process.  If we do not learn from our mistakes, then we are either hardheaded or feel we do not make mistakes..

Find a mentor in your neighborhood...Ask for help and guidance. Offer to partner up with them on deals, even if you have to give them 60% of the deal for all their work..i time you will be doing deals alone and partnering up with the experienced guys and getting a 50/50 split..  If you have to spend money, then offer the local mentors a little gift for helping you out..Nice dinner or something.. Just be creative in getting help since thats what you need to have in being succcessful in this field..Creativity is one of the main key componets to success in any field...  Going to a school and listing to a guy talk will not do it..  

andrew

[JLMarshall]

True, experience is the best teacher; but it doesn't have to be your experience.  A smart man learns from his mistakes, a WISE man learns from the mistakes of others.  A mentor shared something with me that I think is exactly the method that one should use to achieve success in any venture and that is "learned knowledge, activity knowledge."  You acquire a bit of "learned knowledge" (books, tapes, CDs, etc.) and acquire a bit of "activity knowledge" (RE deals), reflect on what you learned from the activity and seek more learned knowledge to improve upon it, until one day you will be worthy of sharing learned knowledge with others.

The only problem with just going out there and doing it in real estate is that a mistake can be VERY expensive.  Why go through that?  Why not educate yourself a bit?  Sure, it costs some money, but is the value commensurate to that cost is what one should be focused on.  Bottom line, whether you do NR or some other program I personally feel it would be foolish to jump into real estate without some type of learned knowledge unless you do have someone that you can rely on to partner and back you in the event you made a mistake.  Also, think of this:  Will 60% of a real estate deal probably be more or less than $16,000?  I know that's like asking how much does a car cost, but..... really, and how many of those deals are you willing to make that split until you feel confident enough in your own efforts to go it alone.  See, you have to pay for the education one way or another, the choice is really just where you want to spend the money.

[niravmd]

its the perfect blend of  MLM & Real estate Education.

[BoboTheKing]

Every time NR has a seminar, we get all the NR seminar people in here doing the same thing. One new poster asks about NR, then another new poster tells how great they are. Then later, the first poster who asked ultimately gives himself away by singing their praises a week later. How can he know in one week?

These little con jobs won't work. This is nothing new, the NR thing has gone on too many times for people to not see through it. Try recruiting suckers somewhere else. You won't get away with it here.