NOUVEAU RICHE-Interesting Review

Russ Whitney is/was working on becoming accredited. I have not heard anything of late. I am not trying to hear anything about that either. Anyone know anything?
I am still a big fan of the library. About a $50.00 reserve for late fee's. Microsoft excel for dry runs till you are ready to do business on your own. Thats how option traders learn the game. Dry trades

Edited: 06/26/2010 at 05:15AM

Richard Warren

Real Estate Investor · Las Vegas, Nevada

1825 posts
16444 Influence
12 Awards

Icon_minipost May 26 '08, 10:05 PM

Originally posted by "**********"

It wont take long for the NR police to bombard this thread though, as there were many responses in NR favor to the original post.

The moderators have banned most of the NR posters because of their constant spamming, so you may not see many responses.

Edited: 06/26/2010 at 05:15AM

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Mark Davis

Real Estate Investor · New York, New York

139 posts
187 Influence
2 Awards

Icon_minipost May 26 '08, 10:33 PM

Originally posted by "**********"

Never know? They seem to have a " division" who combs the internet for negative press.

Sounds like the Church of Scientology.

Edited: 06/26/2010 at 05:15AM

Richard Warren

Real Estate Investor · Las Vegas, Nevada

1825 posts
16444 Influence
12 Awards

Icon_minipost May 26 '08, 10:45 PM

Originally posted by "**********"

Never know? They seem to have a " division" who combs the internet for negative press.

I hope they do join in. I'll fire up a bag of popcorn , sit back and enjoy the show!

Edited: 06/26/2010 at 05:15AM

Mel Hare

Real Estate Investor · Joliet, IL

33 posts
15 Influence
1 Award

Icon_minipost May 27 '08, 02:05 AM

About 8 mos ago a friend talked the wife and I in to going to one of their meeting and It was a rah,rah kind of thing. The speaker was not trying to give you rei tips but promoting NR as the next best thing since slice bread. No thanks, the $16000 they wanted help me get my first property and rehab it.

I just seen my friend sunday and asked how he was doing and his response, I can't write it here.

Lefty

Edited: 06/26/2010 at 05:15AM

Aaron Marietta

Real Estate Investor · Salt Lake City, UT

1 post

Icon_minipost May 28 '08, 04:16 AM

I literally just got done meeting with a couple of young hot shot salesmen from NR (recruiters) trying to sell me something that I already have knowledge of. They not only wanted me to invest $19,500, they wanted me to go to my local college, and apply for a student loan or a government loan just to pay them! That doesn't sound right, so I told them I would get back with them, which I probably won't.

I want to start doing short sales here in my area and actually help folks get out from under a home they can't pay for, but so far I have no idea how to do it. If someone would be so kind as to point me in the right direction, I would be forever grateful.

Edited: 06/26/2010 at 05:15AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

10630 posts
46531 Influence
24 Awards

Icon_minipost May 28 '08, 05:43 AM

Originally posted by "Doublez08"

I want to start doing short sales here in my area and actually help folks get out from under a home they can't pay for, but so far I have no idea how to do it. If someone would be so kind as to point me in the right direction, I would be forever grateful.

Jump on the short sales section of the forums for help in that area. NOTE: We may have a teleseminar again about short sales. If you're on the mailing list, you'll hear all about it (if it happens).

Back to NRU . . .

Edited: 06/26/2010 at 05:15AM

Joshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
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Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/

Rita Temple

· Sacramento, California

46 posts
10 Influence
1 Award

Icon_minipost May 28 '08, 06:09 AM

Funny! I had responded to an ad on Craigslist the other day. The ad made it seem as it was a real estate investor that was willing to " mentor" you, but would take a cut of the deal. Then after you were trained you could continue and be partners in deals if you wanted to. They made it seem as though as they were " giving back" since they were so prosperus.
Then I got an email saying that due to the overwhelming response they were having a meeting at the hotel conference room on a certain date and time. This is what really made it obvious. It said make sure when attending you mention a " name" and that it was for Noveau Riche. I then googled it and noticed :roll: the price tag, huh! That is so misleading! A person can use that money on an investment instead of all that crap! These companies must be really be making the green off of people!! :crazed:

Edited: 06/26/2010 at 05:15AM

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost May 28 '08, 06:49 AM

I have attended a NR meeting at a hotel near me as well as had contact with some of their reps. Most of the reps selling the NR program do not know squat about RE investing nor do they own any investments. This is not to say that all of them fit this category.
I do think that the materials and education at their college is well put together, particularly the written stuff, but the potential re investor at the end of the day is still unsure what to do to make their 1st deal. That is the same problem with most of the guru education. Too much generalities, too much " making it harder than it really is" , and not enough assistance/mentoring once the education is complete.

They also have what they call their " investor concierge" which is " click a mouse & buy a house" Not only are the deals not good, most of them are very poor. I scame across an article in regards to their investments they offer which was written by CNN Money back in August 8, 2007 by Patricia B. Gray. Do a search for the article as I do not have the link anymore.

Edited: 06/26/2010 at 05:15AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

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Sad Clown

2 posts

Icon_minipost Jun 04 '08, 03:12 AM

Hello, I am new to this forum.

I have seen the Nouveau Riche ads about them paying you $7,500 salary to begin with (craigslist) ads.

What does it mean? do they actually pay you? or is it just a way to get you to come to the seminars?

Edited: 06/26/2010 at 05:17AM

Richard Warren

Real Estate Investor · Las Vegas, Nevada

1825 posts
16444 Influence
12 Awards

Icon_minipost Jun 04 '08, 03:25 AM

Oh, they'll pay you. But first you have to give them $16,000. Then you have to find someone else to pay $16,000, if you do they'll give you the $7,500.

Edited: 06/26/2010 at 05:17AM

Sad Clown

2 posts

Icon_minipost Jun 04 '08, 03:29 AM

lol figures, thanks a lot for all the info.

So glad i found this website, now i don't have to waste 3 hours of my time tonight.

Thanks again

Edited: 06/26/2010 at 05:17AM

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost Jun 04 '08, 07:03 AM

So glad i found this website, now i don't have to waste 3 hours of my time tonight.

Thanks again

Thats what we are here for!

I believe it is even worse than that. From my understanding, the first two people you bring in to pay the $16,000, 1/2 your commission is split with the person who sold you the $16,000 education.

Edited: 06/26/2010 at 05:17AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost Jun 04 '08, 07:04 AM

Seems like multi-level marketing to me!

Edited: 06/26/2010 at 05:17AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

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