Nouveau Riche University Blog

Nouveau Riche University Classes

Admin — Sat, 24 Nov 2007 22:28:11 -0800

Current Classes Offered at Nouveau Riche University:

LEVEL 100 CLASSES: Bookkeeping Building Your Team Buy & Hold I Establishing Your Business Vision Real Estate 101 LEVEL 200 CLASSES: Business Financial Management Buy & Hold II/ Landlording Computer Property Analysis Creative Acquisition Strategies Creative Financing Fix & Flip Foreclosures IRA & Retirement Plan Investing I Joint Ventures Legal Strategies Managing Property Managers Market Analysis Mechanic's Liens and Bankruptcies Negotiations for Real Estate	LEVEL 200 CLASSES (continued): Pre-Foreclosures Tax Lien Certificates Tax Strategies Understanding Mortgages LEVEL 300 CLASSES: Advanced Legal Strategies Advanced Tax Strategies Building a RME Portfolio Business Financial Management II IRA & Retirement Plan Investing II Lease Options Master Leases Probate Purchases Subject-To Purchases Wholesaling LEVEL 400 CLASSES: Multi-Family Dwellings Rehabbing Short Sales

Nouveau Riche University™ (NRU) offers a structured, educational program for entrepreneurs and aspiring entrepreneurs. NRU is the exclusive distributor of the College curriculum, content, presentation design and format, which are proprietary products of Nouveau Riche Academy™ (NRA). Neither NRU nor NRA is a traditional, academic institution, and is not accredited with any academic or standards governing board. As with any College, courses and instructors may be added, changed, or removed from time-to-time. NRU and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.

Nouveau Riche Black Tie Dinner & Awards Ceremony - December 2007

Admin — Sun, 23 Dec 2007 01:38:00 -0800

This was THE event for Nouveau Riche ISAs—a fine dining and recognition awards event joining the internal team and select ISAs from across the markets to celebrate their success! Attendees shared in NR founders Jim and Mary Piccolo’s presentation of heartfelt awards to internal team members and “The General” Bob Snyder honored ISAs with recognition awards, including the new ISA achievement ring for ISAs who earned up to one million dollars! This custom ring is designed to remind winners of their current success and to keep building off that current success to fill in those diamonds! What’s even more astonishing about these income earners' achievements….the year isn’t even closed yet!! They’re simply unstoppable…look out as the momentum builds for 2008!

The energy was out of this world at this truly awe-inspiring event! If you missed out this year, keep building your success and learn from those who have traveled the path to a successful business. As Cheri Tree said, “there are no self-made millionaires, only team-made millionaires with NR.” Become a part of the winning team—we hope to see many more of you at future events just like this one!

Congratulations to all of the winners.

Nouveau Riche

December 2007 College Class Schedule

Admin — Sun, 02 Dec 2007 00:36:01 -0800

Here is a breakdown of the class assignments for the December 2007 Nouveau Riche University Real Estate Investment College. All Class scheduling is subject to change. Here is a link to the tentative class assignments and schedule for the February 2008 College.

Class	Level	NRU Hours	No. Times taught	Days Taught
Advanced Legal Strategies	300	6	3	Thur, Fri, Sat
Advanced Tax Strategies	300	3	4	Thur (2), Fri (2)
Bookkeeping	100	6	3	Mon, Tue, Wed
Building a RME Portfolio	300	0	1	Wed
Building Your Team	100	3	4	Tue, Wed (2), Thur
Business Financial Management I	200	3	3	Tue, Wed, Thur
Business Financial Management II	300	3	2	Mon, Wed
Buy & Hold I (Offers/Deal Structuring)	101	3	3	Mon, Wed, Thur
Buy & Hold II / Landlording	201	6	1	Thur
Creative Acquisition Strategies	200	6	3	Tue, Thur, Sat
Creative Financing	200	6	2	Tue, Fri
Establishing Your Business Vision	100	6	2	Tue, Thur
Fix & Flip	201	6	2	Mon, Wed
Foreclosures	200	6	4	Wed, Thur, Fri, Sat
IRA and Retirement Plan Investing I	200	3	4	Mon, Tue (2), Wed
IRA and Retirement Plan Investing II	300	3	4	Mon, Tue (2), Wed
Lease Options	301	3	2	Fri (2)
Legal Strategies	200	6	3	Mon, Wed, Fri
Managing Property Managers	201	3	1	Thur
Market Analysis	200	6	3	Tue, Wed, Sat
Multi-Family Dwellings	400	12	2	Wed/Thur, Fri/Sat
Negotiations for Real Estate	200	6	4	Mon, Wed, Thur, Fri
Pre-Foreclosures	300	3	3	Tue (2), Fri
Probate Purchases	300	3	4	Tue, Thur, Fri (2)
Real Estate 101	100	6	2	Mon, Wed
Rehabbing	401	6	3	Tue, Wed, Thur
Short Sales	400	12	2	Mon/Tue, Wed/Thur
Subject-To Purchases	300	6	2	Mon, Wed
Tax Lien Certificates	200	3	5	Mon, Tue (2), Wed, Thur
Tax Strategies	200	6	3	Tue, Thur, Sat
Understanding Mortgages	200	6	2	Mon, Thur
Wholesaling	301	6	2	Tue, Sat

All Class scheduling is subject to change. - Visit http://www.nrucolleges.com for updates and changes.

Bookkeeping

Admin — Sun, 25 Nov 2007 02:37:46 -0800

Utilizing QuickBooks® software, this hands-on, introductory level learning session helps students get their real estate investment businesses up and running. Walking through company set-up and management functions, students learn how to track money coming into and going out of their businesses by categorizing income and expenses, creating a chart of accounts, developing corporate and personal financial reports, and more. To get the most out of this educational experience, students must bring laptops loaded with a current version of QuickBooks® Pro for Windows® PC to class. QuickBooks® for Mac will not be supported.

Building Your Team

Admin — Sun, 25 Nov 2007 02:37:01 -0800

Students will learn how to select and assemble a team of professionals able to support them in building their successful real estate investing businesses. Students examine how each key team member can make and save the investor valuable time and money. Students will learn various strategies for selecting and working effectively with acquisition, financial/business, property management, and selling team members.

Buy & Hold I

Admin — Sun, 25 Nov 2007 02:36:15 -0800

This class is designed to assist students in creating long-term, residual wealth. Students will learn the basics necessary to create a buy-and-hold strategy, from property purchase through property disposal. Emphasis is placed on identifying and locating the resources necessary to make a deal successful and to protect the student’s future interests. Students will analyze closing and financing fees and learn strategies that can eliminate fees and maximize cash flow.

Establishing Your Business Vision

Admin — Sun, 25 Nov 2007 02:31:50 -0800

Through a guided exercise, students will learn how to pursue real estate strategies that maximize each student’s individual strengths. Students will analyze various investing strategies and identify the resource requirements, skill sets and personality traits most suited to each strategy in order to turbo-charge profits. Special emphasis will be given to the clarification of personal investing goals and creating a plan to achieve them.

Real Estate 101

Admin — Sun, 25 Nov 2007 02:31:09 -0800

In this “quick-start” class, students will learn the concepts and mechanics of real estate investment transactions. Topics include the basic terminology and principles of real estate investing and financing, with a focus on the mind-set and action steps required to create desired profits.

Business Financial Management

Admin — Sun, 25 Nov 2007 02:30:23 -0800

This class provides students with an owner’s perspective and basic understanding of the structure and operation of their real estate investment businesses. Topics include: business management principles, key accounting statistical measurements, basic accounting and bookkeeping requirements, cash flow requirements and planning, how to perform a detailed property analysis, required business financial statements, business banking and establishment of business credit, understanding the legal entities that are typically used by investors, and a review of the impact of tax savings achieved through ownership of real estate investments. Students will learn the skills necessary to manage their real estate investment businesses more efficiently and profitably.

Buy & Hold II / Landlording

Admin — Sun, 25 Nov 2007 02:28:09 -0800

This class teaches students how to be successful landlords by managing their portfolios of rental property. Students learn ways to locate and place tenants, deal with day-to-day operations and handle challenges as they arise. Students examine the tax advantages of owning rental property and analyze advanced rental strategies to maximize cash flow. This class emphasizes the ways to find high-quality tenants with whom the student can establish lasting business relationships.

Computer Property Analysis

Admin — Sun, 25 Nov 2007 02:27:10 -0800

A real-time property analysis training session, Computer Property Analysis exposes students to a variety of on-line property information. Satellite images, real-time demographics and comparable sales data will be presented. Students are guided through a step-by-step process of analyzing properties for purchase based on the results achieved from the Property Professor analysis software. Students will also learn methods of finding deals, screening tenants, managing properties, and developing short-term and long-term strategies for properties.

Creative Acquisition Strategies

Admin — Sun, 25 Nov 2007 02:26:27 -0800

Students will be presented with creative techniques and strategies for acquiring and controlling properties. Basic investment ownership and control terminology will be covered as well as some of the factors contributing to seller motivation. All acquisition strategies are presented on a foundational level from the buyer’s perspective. These strategies include equity sharing, options, agreements for deed, wraparound mortgages, and more. Using case studies, students will gain an understanding of step-by-step techniques of buying and controlling properties without having to qualify for bank financing.

Creative Financing

Admin — Sun, 25 Nov 2007 02:25:44 -0800

This course introduces a variety of practical techniques for financing real estate projects and presents creative, non-conventional financing alternatives. Students receive “behind-the-scenes” industry information that shifts their belief systems and empowers them to make informed, financial decisions.

Fix & Flip

Admin — Sun, 25 Nov 2007 02:25:03 -0800

This “'how-to” class teaches investors the way to fix and flip properties for quick cash. The anatomy of a flip, from finding motivated sellers to establishing clear objectives, to the advantages and disadvantages of various financing and marketing strategies, are discussed. Students will learn the way to leverage OPT (other people's time), while identifying the hidden potential waiting to be unlocked in investment properties.

Foreclosures

Admin — Sun, 25 Nov 2007 02:24:12 -0800

Designed for both the novice and the seasoned investor, this class provides a practical how-to guide of acquiring foreclosed properties through two methods: auction and bank REOs. The class emphasis is on demystifying the common misconceptions about purchasing properties through either of these methods. Students will receive an overview of the foreclosure process and gain an understanding of the preparations required prior to bidding at auction. How to become a strong participant in the auction process as well as how to find and approach banks to acquire REOs will be covered.

IRA & Retirement Plan Investing I

Admin — Sun, 25 Nov 2007 02:23:27 -0800

This introductory level IRA class challenges widely-held misconceptions about retirement plans. The class explains the concepts of retirement planning, while emphasizing the benefits of the self-directed IRA as a vehicle that provides the real estate investor the freedom to invest in what he/she wants, instead of what his/her insurance company or stockbroker is offering. Students learn how to create realistic goals and are taught how-to methods of using retirement funds for investing.

Joint Ventures

Admin — Sun, 25 Nov 2007 02:22:13 -0800

Students will learn the benefits of leveraging themselves and their resources. This class teaches students the way to increase the amount of money and time they have to invest, the way to invest in properties in bulk, and the way to add value to their 24-hour day. A “who,” “what,” “when,” ”where,” “why,” and “how” overview of joint-ventures will be covered.

Legal Strategies

Admin — Sun, 25 Nov 2007 02:21:19 -0800

Students are presented with sensible approaches to legal situations in real estate investing. Along with relevant case studies, topics discussed include: the differences between several types of business entities; preferred entities to hold investment real estate; asset protection strategies that work; and estate planning for your wealth and family.

Managing Property Managers

Admin — Sun, 25 Nov 2007 02:19:51 -0800

Property managers are hired to look after an investor’s interest. If this resource is not properly managed, investors often find they are losing money. If they micro-manage this resource, they may as well manage the property themselves. Where is the middle ground? This class answers this often overlooked question. Through role play and examination of case studies, students will examine property managers, the property manager’s role and the investor’s role. Students learn how to properly evaluate the property manager and how much freedom the property manager must have to maximize profitability.

Market Analysis

Admin — Sun, 25 Nov 2007 02:18:27 -0800

This class presents criteria for analyzing various real estate markets. Students will learn where to obtain information about real estate cycles and trends; ways the economy, population and politics affect property values; factors to use when evaluating certain areas; what to look for when determining whether to buy in a certain neighborhood; and ways to determine a property’s market value as well as its value to the investor.

Mechanic's Liens and Bankruptcies

Admin — Sun, 25 Nov 2007 02:17:44 -0800

This class offers an in-depth discussion and strategies on mechanic's liens and property bankruptcies. Students will learn who files liens, the various methods to approach an opportunity, the way to reach additional revenue sources, when to get involved, and the way to negotiate for the maximization of profits on these transactions.

Negotiations for Real Estate

Admin — Sun, 25 Nov 2007 02:16:55 -0800

Students will learn the psychology of successful negotiations. Class topics include both the principles and conduct of real estate negotiations. Students examine strategic creativity, rational behavior, judgment, decision-making, rapport, and learn how-to methods of gauging the seller’s degree of motivation. Role-playing exercises provide students with the opportunity to put their education into action.

Pre-Foreclosures

Admin — Sun, 25 Nov 2007 02:15:59 -0800

Designed for both the novice and the seasoned investor, this class provides a practical how-to guide of acquiring pre-foreclosure properties. Presenting the basics of how to get started in any market, this class teaches students methods of approaching prospects and building relationships that help gain the edge over the competition. Students will learn how to create a variety of exit strategies that assist the homeowner.

Tax Lien Certificates

Admin — Sun, 25 Nov 2007 02:14:58 -0800

Secured by real estate and guaranteed by the government, tax-defaulted paper is a little-known vehicle used by wealthy investors for decades. In this class, students will learn how to pay the delinquent taxes of others in return for a handsome interest rate and, sometimes, even get the property itself -- free and clear. Topics covered include: understanding the differences between tax lien certificates and tax deeds, how to research properties online and identifying some of the risk factors associated with tax foreclosures.

Tax Strategies

Admin — Sun, 25 Nov 2007 02:14:07 -0800

Students will learn practical applications of owning real estate, considerations for maintaining entities, and the tax implications of operating under various business structures. Other topics discussed include bookkeeping basics, converting personal expenses to tax deductions, paying your spouse and children, health saving strategies, and many more methods to maximize deductions and minimize taxes.

Understanding Mortgages

Admin — Sun, 25 Nov 2007 02:13:08 -0800

This class examines the various mortgage products and sources; provides an understanding of how interest rates are quoted and misquoted; explains the most important part of your Good Faith Estimate; and tells you what the four main government boxes really tell you on your Truth in Lending Statement.

Advanced Legal Strategies

Admin — Sun, 25 Nov 2007 02:12:06 -0800

Building upon the content taught in the one-day 200 Level Legal Strategies class, this course explores advanced legal topics applicable to real estate investing. Students will learn principles of contract law, legal components of valid and enforceable contracts, how to legally protect themselves in joint venture and partnership arrangements, and the legal aspects involved in properly using land trusts and self-directed retirement plans in real estate transactions.

Advanced Tax Strategies

Admin — Sun, 25 Nov 2007 02:11:15 -0800

Building upon the content taught in the one-day 200 Level Tax Strategies class, this class exposes students to the unfortunate realities of the estate and gift tax while presenting how the use of Family Limited Partnerships and other techniques can help significantly reduce taxes. This class also focuses on demystifying the tax-deferred exchanges under Section 1031 of the Internal Revenue Code while briefly explaining other advanced tax-deferral strategies for selling appreciated real estate. Insight on the United States Federal Transfer Tax System will be shared along with the value of planning ahead to reduce or eliminate transfer taxes.

Building a RME Portfolio

Admin — Sun, 25 Nov 2007 02:10:32 -0800

Students will learn how to leverage the power of the real estate investing system created by The Real Market Experts (RME), called the Investor Concierge™. This class demonstrates ways that students can maximize their experiences with this proven system and how to leverage someone else’s time to do much of the work for them. Students learn the ins and outs of using this system and ways to incorporate the real estate education they have learned to build a successful and diversified real estate portfolio in some of the hottest markets in the U.S.

Business Financial Management II

Admin — Sun, 25 Nov 2007 02:09:00 -0800

Building upon the content taught in the 200 Level Business Financial Management I class, this class is presented from a business owner’s perspective to provide advanced practical knowledge of organizational needs, legal requirements, asset protection, and tax reduction strategies critical to the success of their real estate investment business. Students will learn the questions to ask to gain the information needed to protect and operate their business more efficiently as they create their own plan for success. Presenting information on tax reduction and tax deferral strategies available to the investor to minimize taxes paid on income generated, the business owner will be armed with the information needed to both work with and to direct key members of their team to accomplish the investor’s goals.