I haven't taken a course like this but I think honestly that the best way to invest is to go out and do. Expensive tuition is just giving people another reason why not to start today. 

Yes, I have attended the University.  I enrolled at the Regents tuition level for $16,000 and I felt that I earned my money's worth on the first week alone!  I know that seems hard to believe because we live in a world where you can't trust anything, but I have honestly been very impressed with this University.  Regardless of what you might hear from random sources like the article you quote, this company is the real deal!

First of all, they are not a multi-level marketing company.  They use Direct Sales, which is a more traditional form of marketing, yet has elements that could be considered multi-level marketing.  But that would be like saying a Keller Williams real estate agent uses multi-level marketing techniques to recruit and build a team.  Of course the do use elements that are like multi-level, but that doesn't make the company multi-level.

• http://en.wikipedia.org/wiki/Direct_marketing
• http://en.wikipedia.org/wiki/Direct_selling

The next thing to consider is that the article that you link to has blatent innacuracies in it and is an example of yellow journalism.  For example look at this article quote:

"It takes money to learn to make money. Tuition for a weeklong course in Phoenix, Ariz., is $16,000. Students study how to leverage their equity to find money to buy properties. They also take classes in buying foreclosures and in the techniques of flipping a property. Classes are packed with as many as 2,500 students."

The problem with this quote is, everything!  Nouveau Riche does not sell tuitions by the week, and one week of classes is definitely not $16,000!  They offer 3 tuitions, ranging from $6,000-$16,000.  The Regents tuition is their most popular and is $16,000.  That tuition package gives you access to 12 weeks worth of classes, not 1 week!  That package can also be purchased by 2 people, lowering the investment to only $8000.  In an average week a student can take day classes Monday through Saturday, and can take some additional night classes as well.

Here is an example of a typical week at Nouveau Riche University:

• http://www.nruniversity.com/college/college_classes_dec07.htm

So as you can see from this breakdown, a typical week gives a student up to 12 hours of class time per day if they desire, for at least 4 days of the week, then another 2 days they can take up to 8 hours.  So they have access up to 64 hours of class time per week per partner!  They have full control over their own schedules and can choose classes they want, and can choose to attend for one day or one week, it is really up to them. 

So lets do some quick math to see what value someone would get from a Regents Tuition Package at the University.

12 weeks of school over a 2 year period.  64 hours per week x 12 weeks = 768 hours of potential in-class time x 2 people is 1536 total in-class hours for a Regents Tuition.  $16,000 divided by 1536 = $10.42/hr of class time.

So for $10 per hour is the quality of education really any good?  Absolutely!  The classes are taught by actual real estate investors who are currently practicing and having success at the topic they are teaching on.  There is no upselling of any kind allowed at the college and the course curriculum was designed using ISD (Instructional Systems Design) so yes it is very high quality.

But on top of being able to attend classes, students also have access to several other benefits along with their tuitions:

• Access to over 20 online classes that have been recorded and put in streaming video for Regent students.  You get unlimited access to these classes for the entire 2 years and they don't use up any credits.  They are also adding new classes all the time.  Here is a quick example of they system they use:  http://roicapitalgroup.com/Flash/ShortDemo/Shortdemo2.html (I am not endorsing the owners of this site, I simply found this page, and it is a good sample)
• Access to a built-in power team, which every real estate investor should put together at some point.  This includes an accounting firm, a business entity set-up company, a credit restoration company, and an investor mortgage company.
• Access to an exclusive portal that features investment properties for sale, with a team of people to assist in finding tenants, managing the property, taking care of repairs, etc.  This helps investors that want to buy property without the hassles of landlording or without as big of a time commitment.
• Access to over 3000 students to network with at every college.  This is where some of the true value is because networking is what real estate is all about, and there are a whole range of investors at each college, so if you are looking for a money partner, or a credit partner, or a wholesaler, or a buyer, etc, they can all be found there.  Pretty cool!

And I could go on and on.  The reality is that this company is destined for some pretty big things, and it is unfortunate that it is getting bad press.  I have been with the company now for over a year and I have not yet met one single person that has had a bad college experience!  But some people will post their opinions on the internet that they don't think the college is any good, and they likely haven't been.  I would challenge anyone reading this to find a student that attends this December college that has a bad experience.  And even if you found one, just the fact that it was so hard to find one should tell you something.  I could go to almost any school in America and find unhappy students a lot easier than I could with Nouveau Riche.  That is a huge plus for this company.

The last thing I would like to cover is that many people feel like you could save that tuition by going out and getting some books and getting some hands-on experience.  But the funny thing is that many of the students at the college had done exactly that, and that is why they enrolled with NRU!  Because they got their experience at the "School of Hard Knocks" and many times the tuition is much higher there!  The problem is that the average person really needs more than just a book from a bookstore on investing, or some little 2 day seminar.  And they wouldn't even know where to get started in finding the right book.  Before attending NRU I read several books on investing, and dabbled around a little, and watch some friends make a fortune, while others lost a fortune.  I was forming some good experience.  But that education is nothing compared to the education that I have received from NRU.

I highly endorse this university to anyone who is seriously looking at an opportunity to create wealth through real estate investing and business ownership.  And what do I have to gain from this comment?  Nothing.  There is no email to contact me, and my name is left anonymous.  I am simply a student who has actually experienced the college, which is exactly who you wanted to hear from.  Hopefully my comment has helped.

sounds like friggin Amway to me.

 If this works so well, why are the founders selling education instead of making millions in real estate?

 I am enrolled in the curriculum with NRU. This is my 2nd college.

 So far, completely unimpressed.

 I have an MBA in Accounting, BS in Finance, 15 years of experience in Corporate America with large companies in NY and in LA and San Francisco ( where I currently live)

 I went in as a tuition partner with my partner. We own several rental properties so RE Investing is not new to us.

My hoenst opinion is that I think these classes can be helpful, however, I think that I could have gotten the same education for ALOT less. ALOT less.

Why are these people running a school instead of selling real estate?  That is a very very simple answer. Why work hard for your money when you can sit back and rake it in.

 Jim Piccolo has found a gold mine here. Everyone wants to make money in real estate. He has pooled together industry experts and created a "university"  Let me tell you this is FAR FAR from University level classes. 

 Think of NRU as a series of 1 day seminars.. the Cliff Notes version to RE investing.  Thats the reason that with that $16K you get to attend multiple "colleges" ie you can take the seminars over and over. You will have to as the material is so thin that it is going to take you time to understand how you can do anything with any of this stuff.

 The way that many of the top NRU people have made money is NOT through RE investing. It is through Marketing, ie. bringing new students in the fray.

The pitch is that you can use the Marketing dollars you earn to invest in Real Estate. And the ones making all the money are the kinda slick used car predators you are imagining. Slick and polished looking, they have been groomed to sell the "University"

 I could kick my partner for signing us up for this curriculum. Anyone serious about investing in Real Estate should join local RE investing clubs, or find a RE investor and ask to be mentored. Even offer the mentor something..work for free.... to learn about RE investing.

Most of those teaching the classes did NOT attend NRU.  They learned through alternative means. If they did, why cant you!

 So here we are out of pocket $16K. We are committed to investing in RE, but I have little if no confidence that we will do it from what we learn at NRU. NRU is just a push to get us in to it. If you think of that way, and you have $16K to give to Jim Piccolo then by all means do it.

PS Look up Piccolos past. Very colorful. Is this the type of person you should "edify" as a leader????

Not my "leader" Just a means to an end.

Jason,

Thank you for your accurate depiction of NRU.  NRU is a clever but dangerous scam.  These people are charging their so called students $20,000 to be brainwashed into liquidating 401k and retirement savings to buy real estate in a declining market.  They prey on people that do not know anything about investing.  Per the US Dept of Education the school is not accredited as they claim they are.  This is a slick ponzi, pyramid scheme where you make money of the people that you bring in below you.  Tell everyone you know to beware of these sharks!

Proceed with Caution!

Ulises,

In my opinion I think many people who are not happy with NR are simply uniformed.  Those who are against this form of education obviously has not had the information properly given to them.  Jason Von Stein's experience is rare.

You are doing the right thing by looking into it seriously.  I would recommend attending at least 3 events that Nouveau Riche offers and see for yourself so you can make an informed decision. 

I understand that this is an older posting and you may have already decided and have not heard the most recent news on Nouveau U. 

Here are some links to get you up to speed on what's REALLY happening to Nouveau Riche and the upcoming Nouveau University.

www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-16-2008/0004793883&EDATE=

www.nouveauu.com/

As a preface, I joined NRU by purchasing the “Regent’s” package, I went to the "college", I tried to recruit, I have analyzed the Investor's Concierge deals, I went to the briefings, I have heard the likes of Piccolo, Snyder, Cheri Tree, Kecia and all the other NRU hacks speak, and I’ve met and talked to many NRU "students".  So please don't tell me I don't know what I'm talking about.  Here is my assessment of NRU.  I have tried my best to be fair.  For those of you familiar with NRU, this outline follows the “EPIC” presentation some of you may have been subject to.

The Company

1. Piccolo and Bob "the General" Snyder, the founders of NRU, have MARKETING backgrounds.  Look it up.  They have no prior experience with real estate investing before NRU.

1. As a consequence of Number 1, NRU is primarily a MARKETING business.  You can call it whatever you want, direct marketing, MLM, a pyramid scheme, a ponzi scheme, there may not be a perfect term, but it contains aspects of all of these concepts.

1. Real estate investing and education is an ancillary part of NRU.  It is the "product" that they sell, but it might as well be long-distance phone plans, an internet web-based business, vitamins, or make-up. 

1. NRU's success is a direct product of the real estate mania this country has experienced over the past 7 years, not anything inherently great about the company’s products or services.

The “Education”

1. For $16,000, you really don’t get very much.  You receive a certain number of “college” credits that expire after two years, but the catch is that you have to fly to Arizona to use them and you can only do that four times a year for a one-week period each time.  There is an on-line option, but it is sub-par for a variety of reasons.

1. The courses are amateur hour and taught in seminar-fashion.  They may dazzle people who don’t have a college degree, but will offer little to those who are generally versed in basic real estate and financial concepts.  The educational materials are photocopied, hand-bound booklets, sometimes just an outline of the power point presentation.  The instructors appear to be knowledgeable in their field, but they are mainly interested in consulting fees and fees for other services that they offer to NRU members (not altruism as many NRU shills would like you to believe).

1. NRU does not “teach” you anything you can’t learn by spending a few dollars on Amazon.com.  There are no secret tips to learn that haven’t been published in the hundreds of real estate books you can buy on your own. 

1. The “education” is primarily a vehicle for the direct marketing aspect of NRU, just as Investor’s Concierge is there to give members credibility when they market the course.  The Concierge, however, is also another mechanism by which NRU extracts additional money from its students.  More on this later.

Real Estate as an Investment Class

1. In marketing the tuition, a great deal of emphasis is placed on how real estate can make you rich.  There is little or no information on how risky investing in real estate can be.  At the “briefings” (the 2-hour presentation designed to lure new members), the presenter will talk a lot about how great real estate is because of the availability of leverage and certain tax benefits.  At several briefings I went to, the presenter would literally make the representation that real estate prices only go up.  Finally, the presenter will talk about how terrible it is to work for a corporation and how useless a college education is (ala Robert Kiyosaki).  This usually manifests itself in the form of derisive acronyms, such as JOB, which stands for “Just Over Broke”, or how only NRU can give you an MBA that’s worth anything, a “Massive Bank Account” (crowd usually goes wild here).

1. NRU never mentions the special risks inherent in residential real estate investing, such as problem tenants, financing and interest rate risk, structural and environmental risks associated with housing, the cost of maintenance, the prospect of asset depreciation or declining rents, and the risk of litigation including from eviction and foreclosure.  Bottom line, investing in residential real estate is very risky and comes with a host of hazards you would not find in other asset classes.  NRU discounts all of this and presents real estate as a perpetual money tree. 

1. We will likely never experience again in our lifetimes the type of appreciation in residential real estate that we have seen these past few years.  There are several reasons that this is very likely to be the case: reversion to the mean, unsustainable public/private debt burdens, massive transfer of wealth to developing nations, slowing economic growth, an aging population, greater regulation in the financial sector, etc.

1. Historically, residential real estate prices have appreciated at the rate of inflation.

1. Real estate, like any other asset class, carries risks that are commensurate with the returns you are likely to generate.  For example, leverage is great in good times, but people are quickly learning how easy it is for your equity to get wiped out a result of relatively small declines in home prices. 

1. Investor Concierge deals are generally market-rate deals, but they are advertised to NRU students as amazing deals that generate positive cash flow.  There are other sites that break this down, but generally speaking, the appraisals are usually 2-3 pages long and contain nothing more than a broker's opinion of value, the financing is almost always interest only or neg-am, the rents are inflated, and the only way you get "positive cash flow" is if you include certain seller incentives like pre-paid HOA or guaranteed rent, most of which will expire within 2 years.  Additionally, maintenance and vacancy will almost immediately eat away at the $100 of positive cash-flow a month you get.  NRU members hate talking about the details of the Investor Concierge deals. 

1. Typically, there are only 15-20 available properties on the Concierge at any given time, so the pickins are slim.  NRU encourages you to “reserve” a property you like as soon as you see it online, because it could get snatched up by someone else unless you do.  The non-refundable fee for reserving a property is $350. 

1. Investor Concierge deals are mainly located in historically depressed or undeveloped, sub-urban or rural real estate markets, you will generally not find properties on the system in established, urban markets.  These properties are likely to experience declines in this market and will not likely appreciate much at all when the economy recovers.

1. Anyone who has purchased a deal off of Investor’s Concierge over the last two years has either lost all of their equity or is underwater.  This is a terrifying prospect for many people in NRU because at the briefings, many of them go up to the front and brag about how they have bought 5, 10, 15 or even 20 properties over the past few months.  Many of these people are going to have to walk away from their homes in the coming years, which will destroy their credit and eat up any ponzi money they made from the marketing.

The Marketing

1. The real estate investing component of NRU is used mainly to support the primary business of the company which is selling tuition packages.  There are three options which cost different amounts, but most people are pressured to purchase the “Regent’s” packing together with the “Encyclopedia”, which total almost $20,000.  There are certain commission and tuition-related perks you get for buying the most expensive package.

1. The commission system is what really drives NRU.  NRU members can get a 50% commission for each package they sell, so sometimes that amounts to nearly $10,000 a pop, and there is an added wrinkle that causes that number to multiply very quickly if people you sign up also, in turn, sign up additional students.  The mathematics make the commission structure extremely lucrative IF YOU ARE GOOD AT SALES.  This is hook that gets most people to fork over the money.

1. Most people are unsuccessful at selling tuition packages.  It’s akin to trying to sell a used car, except you would probably get more value from a junker than the “education” that NRU offers.  It’s obvious why the “education” NRU offers is not worth $20,000, most of that needs to go subsidize the commission system, which is needed to lubricate the entire NRU machinery. 

1. The commission system places a lot of pressure on NRU members to sell, sell, sell.  This is how all the top “producers” have made most of their money.  This also creates a massive conflict of interest.  More on this later.

1. The direct marketing aspect of NRU preys on the greed and naiveté of all sorts of people, but mainly lower-middle class individuals, young people just starting out, and real estate agents/brokers, many of whom don’t have a lot of education and work crappy jobs that they aren’t happy with. 

1. NRU is tied in with the likes of Robert Kiyosaki and “The Secret”.  I’m not going to bore you with the analysis, but try Google and you will find plenty of critiques.

Conflicts of Interest

1. NRU generates tremendous income directly from its students.  They make money not only from the tuition, but also from marketing materials and services, credit services, mortgage brokerage services, accounting and legal services, special seminars, Investor Concierge transactions, all of which cost extra, and they’re not cheap.  You also have to pay for lodging and the plane ticket to get to the college.  All of the NRU instructors also offer consulting deals and other professional services, which also cost extra.  The $16,000 for the Regent’s tuition only buys you “college” credits, you get NOTHING ELSE.  You even have to buy the forms and brochures you need to sign up people for NRU.  I take that back, you do get a tote bag, but it looks ridiculous. 

1. NRU members are supposed to be “mentors” to the new members who they sign up, but what they really want from you is for you to sell the tuition to others, because they will get a cut of the first few sales you make.  There is a huge conflict of interest here because there is a big incentive for NRU members to sell the tuition, irrespective of the quality of the product or the unique situation of people to whom they are marketing.

1. NRU encourages you to sell to friends and family, which destroys relationships when people are dissatisfied or feel cheated, which is often the case.

1. The most distasteful defense of NRU to me is that “it’s not for everyone, but it worked for me”.  It may be that there are some people who are successful and make lots of money in NRU, but the system cannot support a situation where most of the people in NRU make tons of money.  This is the inherent, mathematical limitations of these types of marketing structures.  I’m sure someone smarter than me can prove this.  Likewise, the real estate market cannot support most people in NRU making money in residential real estate investing.  Case in point is the short sale strategy, which NRU shills tout as the way to make money in a down market.  Well, there is so much competition in short sales right now, and even more with each “college” I suppose, that short sale investors are bidding up pre-foreclosures pretty much to market.  These fundamental concepts virtually guaranty that only a small minority of NRU members will make any money either from the marketing or the real estate investing, and REQUIRE everyone else to fail in order for the system to sustain itself.  This is the biggest conflict of interest of them all and lends to NRU’s reputation as a “scam”.

Conclusion

NRU is a marketing business that encourages and monetarily incentivizes its members to use high-pressure sales tactics to sell a highly expensive real estate “education” package with questionable value to unsophisticated people with the lure of quick money and unlimited riches in real estate.  Success in NRU is highly dependent on (1) a booming real estate market and/or (2) a unique talent in sales and marketing.  What makes NRU so insidious is that it plays on the fear and greed of ordinary people, often friends and family, most of whom will go bankrupt by following NRU investment strategies during a severe and sustained real estate down turn such as the one we are experiencing now, and most of whom will fail in selling the tuition package because they lack the sales and marketing expertise, which is further exacerbated by a declining real estate market.  Taken as whole, NRU may be perfectly legal, but many people will feel like they were cheated out of thousands of dollars by someone they trusted.  If after reading this, you are still interested then by all means sign up.  But just be prepared to live with it if at some point you find yourself either financially bankrupt, morally bankrupt, or even worse, both.

Epilogue

Finally, you’re not going to see a whole lot of posts like this from people who have joined NRU.  Most are very disillusioned at the loss of thousands of dollars and don’t even want to give it another thought.  The rest are out searching for marks.  I can only hope that NRU won’t survive this bear market in housing, and if this post can hasten its demise, so much the better.  I don’t blame the person who signed me up, he incidentally has had to find a full-time job now since NRU is apparently not doing it for him.  I walked into this with my eyes wide open, which shows you how greed can overcome any good judgment you may think you have.  But I am thankful that I didn’t end up dragging anyone else into this apart from a good friend as my partner in this scheme, but with whom, as a result of NRU, am no longer on speaking terms.  So for all of you NRU shills out there who still think you are doing God’s work, why don’t you try calling each and every person you have signed up and ask them exactly what they think about NRU.  I think you will find that my experience is not so unique.  If you can keep on selling after that, well then, good luck to you.

Hello everyone, well where should i start? Yes I paid the 16k for NR's real estate investing. For 1 yr, i  tried marketing the product but had no results. But it wasnt' just me, it's 95% of the people who join. Very few people have results and the ones that do tend to inflate the numbers to get people dreaming. Go to a meeting, see how many people are "certified" and how many people are actually making money. It will disguste you. With the NR meetings, all they talk about is money, money, money, all the money that the leaders are making, (inflated numbers) that make people live in a dream. They talk about what they do with their money and of coarse that makes everyone dream about their own wants. They have Jim Piccolo in a big pedastel like if he was god.  But what did he do? If you notice it's business all the way around for him. In almost all the classes, the instuctors offer their services (which are not free!) and the Save Our Score, NR mortgage, #1 Accountants, those are all Piccolo's businesses. Has NR changed my life? Yes, I am a young person who is more than 450,000 dollars in debt because of NR. With their trainings that they have, they make you believe that you will become a millionaire and that everyone deserves to to to NR (brainwash) and so i took out a student loan for the tuition, then two more students loans for business expenses with NR and to survive (NR taught me how to take out a student loan without going to a REAL university) Is that even legal? I bought two properties, but none of their education worked, not because i don't understand, but because you really don't know until you experience things. To be continued...

NR Drop Out: First let me say I am sorry to hear about your financial troubles. Second I would like to say that there is no get rich quick scheme, unless you plan to inherit money. Hard work is always the path to success. I would like people who read stories like yours and understand that the only people you make rich are the people from whom you buy these services. I do not have any personal experience with this company, however I feel that there may be other places for people to learn that do not require a large investmet.

 I hope you get out of the predicament you are in.

NR Drop Out:  It's encouraging to see more people speak out about this evil institution.  I KNOW there are tons of people out there who feel exactly like you and me.  Please google other more frequently trafficked blogs and post your story.  People need to know this information.

Dean: In my blog and from others I have spoke to would agree with you. I have not heard to many flattering comments about this organization.

Ulises,

How refreshing it is to read your words and not be hit with inflammatory or accusatory comments.  You raise a great question as to what Nouveau Riche is about & what has anybody else experienced with NR.  I realize it was months ago when you first commented, but noticed you're still checking back on the subject.

I paid my $16,000 in May 2005 and enjoyed a great experience at Nouveau Riche.  I have paid my tuition again and also a tuition for my 18 year-old son and my wife.  The 3 of us will be in Arizona in August when Nouveau Riche opens up for another week of classes.  There are no "secrets" revealed in any classes, just practical information taught by true practioners who share with you what has worked and continues to work for them. 

I have been investing in real estate for over 7 years and what I have learned and implemented from NR has really enhanced and propelled my growth as an investor.  I opted to not "market" the education for 18 months.  In January 2007 I did begin sharing with others what I learn and where I learn it.  I have made over $100,000 in NR commissions from marketing and I have made well over $100,000 with my investing strategies and techniques.  I am a big supporter for NR, but I am also a big believer in "this isn't for everyone".  If a person is looking for financial freedom or is sick and tired of their current situation, then that person needs to ask themselves a serious question...

How serious are you on taking on your own life and becoming the best person you can be?

If a person is serious, then NR may be a possible solution.  This is not about "learning secrets" and "getting rich", it's about PEOPLE.  People who are in need of solutions to their problems and people who are willing to do what it takes to "take on" their own life in a responsible way.  If your ready to take on your life - go for it.  If not with NR, then go find another vehicle and create change for yourself.

As with any business, church, group, company, city, town, government, or industry (you get the picture)  there are individuals in any group that can get out of line, be demanding, cut-throut, or over zealous.  Welcome to life on planet earth.  All we can do is our part to make it better.  It sure sounds like Dean is doing his part to expose the "so called truth" about NR.  Now I am doing my part to share with you just a little about what I, and many, many, others have experienced with NR.  I have found my NR experience to be honest, ethical, and fun.

Gary:  I am glad to hear that some people are having success with NR. I hardly receive any comments commending NR. So it is a change to hear a different side of the story. Thanks for your comment.

Hello Ulises,

I agree with Gary in that NR is not for everyone. I have been a real estate appraiser for the past 14 years. I saw the NR briefing a few months ago and decided to join that day; not for the marketing, but to learn how to invest in real estate. As a person with an extensive background in analyzing markets, property valuation and real estate in general, I immediately saw the value in NR. My business partner has been extremely successful doing fix and flips in an upscale area of Los Angeles; is an RE agent, contractor, as well as a former home inspector. Together we have more than 30 yrs. experience in different areas of real estate, but we both realize we don't know it all. There is so much more to real estate investing than meets the eye. We have been to 2 colleges (two weeks total) and have learned so much in just that short about of time. 

I laugh when I hear people say it is a scam....as I would be the first one to post negatively if I were  scammed...but you must work the info you receive in the classrooms in order to be successful. We are currently mentoring with the instructor of the "Short Sales" class..and no he did not charge us money upfront, but he will receive a percentage of the profit, to which I say fine. I have mentored countless appraisal trainees and did so for a percentage. Our goal is to have 10 properties under contract in the next 30 days.

The previous posts that say "the best way is to just go out and do it" well we not talking about going jogging, we are talking about investing in real estate- I believe that knowledge is key. Sure you can go buy a book, but I believe I can re-coop my tuition in one deal with the proper education.  Now there are people who know enough about investing to be successful and there are those that know enough to be dangerous, I am in the process of being the former. There are certainly worse ways to spend your commission check; the school of hard knocks is much more expensive.

Best of luck to you!

Tina Burke, Long Beach CA

I've been in real estate for over 15 years and a broker for more than 9 years. I did not start to invest until I went to the Nouveau Riche' College. I always meant to invest; I just never got around to it. I went to my first college, came back home and bought 4 houses in 3 months. My focus was always about taking care of my clients and my agents.  Because of this school, I know more about the real estate business than people who've been in real estate a lot longer than I have AND I can serve my clients better.

I got a chance to see what other people were able to accomplish with the education and the community support before I joined. For me, the cost was cheap. I wish I had found this years ago, when I was much younger. Imagine if I had been encouraged to purchase several properties just 10 years ago? I now have 9 houses all over the Metro Atlanta area and they are all rented!  My next step will be Multi-Family purchases and then land acquisition. Because I am so confident in this company and the support they provide, I have the confidence to move forward on things that might seem out of reach to most.

The founder of Nouveau Rich' says to "run like your hair is on fire" ,  if  someone tells you that real estate investing has no risk.  He also says, real estate investing is not get rich quick, but it is "get rich". That type of honesty is refreshing in this time of "ME!"  Wouldn't you agree?  

Kymn in Atlanta!

Hey guys, the NRU trolls are at it again.  You will see this occur every single time a negative post about NRU appears on the internet.  Please be forewarned, none of them are able to refute any of my very reasoned and cogent arguments about how NRU is a scam.  Again, I freely admit that there are people who are very successful in NRU, on both the investing and marketing side.  BUT THAT'S NOT THE POINT.  The point is that the "education" is simply not worth $20,000.  Local real estate clubs are FREE.  The educational materials that NRU touts can be purchased for less than $100 at Amazon.com.

Everything these people tell you are for the SOLE purpose of getting you to sign up so that they can collect $10k in commissions.  THEY WILL TELL YOU ANYTHING TO GET YOU TO JOIN.  They will tell you they signed up their 13 year old son, their 80 year old grandma.  They will tell you that they drive a Ferrari, they will tell you they have 10 beach homes, they will tell you they quit their job and own a yatch now, THEY WILL TELL YOU ANYTHING YOU NEED TO HEAR TO GET YOUR MONEY.  That is what is so insidious about NRU, when you wave the possibility of thousands of dollars in commissions to random people on the street, how do you think they will react?  Let's be honest here folks, you can't believe ANYTHING these people say. 

All of these trolls tell you that "NRU is not for everyone", but just go to one of their rallies, and you will get the hard sell.  Apparently, it is for everyone when there is $10k in it for the guys signing you up.  Once you sign up and can't get your money back, oh, well it's not for everyone and the reason you failed is because you are a loser.  WTF, there is a special place in hell for you guys, really.

Dear Dean, The Highly Esteemed Reasoned & Cogent NRU scam prover.

You sure were up late last night protecting and serving the public about the evils of NRU and it's trolls.  I for one, enjoyed my 4th of July festivities.  You should take a break and give thanks above for your right and freedom to express pure drivel on the internet, hidden from public, behind a computer screen. Wow, What an impact!

Nice one Gary, but I still haven't heard a real rebuttal from you.

Don't worry, I'm planning on sticking around as long as people like you are out there looking for marks, and I'm willing to work weekends and holidays to do it too.  So I guess that makes me a saint.  I don't need to talk everyone out of it, but call me naive if I still think that good 'ol fashoined reasoned argument can still win the day for most people.  BTW, my mother of all posts has already been picked up by lots of folks, I've seen it referenced on real estate forums and I've actually received many more positive responses than negative ones from NRU trolls like you.  I think it is because at the end of the day, no one has been able to refute my points and lame retorts like the one you just made look pretty pathetic to most intelligent people.

So I suppose what you say with irony, I embrace with awe.  Yes, the internet has revolutionized our ability to express ourselves, and in the marketplace of ideas, it provides a new forum, a truly democratic forum, for all of us to bring our arguments and our positions to the table, naked for all the world to see and judge for themselves.

It doesn't matter who I am Gary!  Unlike yourself, I'm not selling anything remember!  All that matters is the discourse.  I can't believe that you can say with a straight face that you have a stronger position when you can't bring yourself to properly respond to what you call "drivel".  If what I've given you is "drivel", what would you call what NRU dishes at its pep rallies?  I'm going to restrain myself now for fear of offending anyone with the very long list of expletives that are on the tip of my tongue.

Sorry to anonymous commenter whose comment I deleted. I do not mind if you vent your frustrations, however I feel that you went a little overboard with the profanity. I will not keep these posts on my blog. Feel free to leave comments, just remember you may offend other people with that type of language.

Ulises,

Thanks for your quick action in removing the offensive comments left by an anonymous commenter.  Very impressed by your calm, cool, and collected demeanor.

By the way, I just returned from the Nouveau Riche college last week.  I have been learning from Nouveau for 3 years now.  My wife and our 18 year old son were with me and have just experienced the Nouveau Riche college for their 1st time.  It was a very empowering week.

Make it a great day,  Gary Norris

I placed this post as a place for people to have a discussion about their experiences with NRU. GOOD or BAD.

As an agent with a real estate blog I have to adhere to a code of ethics and I must also make sure that my content  does as well. I would hate to offend people because I failed to delete comments that are better placed on personal blogs.

I hope that those offended understand that this is one of the problems with the WEB. And I will do my best to remove any comments that I feel might offend others.

Remember, feel free to speak your mind but keep it cordial. Thanks.