We’ve heard enough of the so called good experiences that you so called NR koolaid lackeys spew time after time.
So much BS it’s not even funny.
NR is a scam big time nuff said.
Nice post from “Mr. Investor”. Friendly and encouraging.
I’m just saying I learned how to invest in real estate through their classes. I was able to buy property using the strategies I learned. And I made my money back with their referral program. Not BS as you say, it worked for me. People reading these posts, just do your research.
SquidlyTx - One thing that I don’t understand is why you had to use the referral program to make your money back. If the program was that good, wouldn’t you expect to make your money back from your real estate transactions?
It seems to me that all they want is to get new students in. And the existing students are more focused on referring new students than on real estate deals. This is a huge red light for me.
One thing that I don't understand is why you had to use the referral program to make your money back.
BINGO!
If the program was that good, wouldn't you expect to make your money back from your real estate transactions?
Bingo again! I’ve taken a class offered by a seasoned investor at my local REIA for under $1,000. And it was well worth it. You can easily make this money back with one deal, heck even a bird dog fee!
I’ve been to a nouveau riche seminar, and I was looking forward to getting some mentoring from the guy that I initially contacted. Turned out that he was bigger on the mlm aspect than real estate. It was disappointing but nothing too bad because I knew I didn’t want to do network marketing and I had no intentions of paying for the courses. Well actually the truth is that some of the classes were interesting, particularly those on accounting and other business administrative subjects. But I was turned off by the focus on the referral aspect.
I don’t bash mlms because they are ways of making money legitimately and there are quite a number of people who are very successful through them. However mlms will always appear to be scams full of bs because they all employ the tactic of targeting people’s emotions rather than their qualifications, skills and competencies. You cannot succeed in any form of business by being emotionally motivated alone. By the time the hype and euphoria wears off you’ve already shelled out the cash and you’re stuck in a program that you’re having second thoughts about and now you feel like a sucker.
I want to be a real estate investor, not a salesperson. So I stayed away from nr.
Unkerpaulie: I agree. I’ve also been to a NR seminar. NR appears to be just starting out in my area. I seem to have more REI experience dealwise than all the NR people that have approached me.
I agree, I don’t bash mlm b/c there are a lot of legitimate ones making big $. I’ve taken actual real estate training for a lot cheaper than NR and better than NR (IMHO) and easily make my $ back. So I don’t see their benefit.
Um hate to burst your bubble but real estate investors are salespeople :banana
Finally, some good intentioned posts!
To answer j1dias and propertymanager, I didn’t have to use the referral to make my money back. I did make some good money on my real estate transactions since I went to the classes, and I was able to talk to a CPA and get my last 2 years tax returns ammended and got money back from what I learned in the tax class. That was all very valuable to me.
It just turned out that as I was going through my deals, I made some good contacts with Realtors and such that were watching me and waiting to see if I was going to make a run on the Real Estate side. After seeing me, they went to the college and I got paid for the referral.
I’m no way an MLM’er, or a sales guy. I just wanted to do real estate and this looked like the best option for me. I like that rgchamb and Unkerpaulie looked at it and passed. That’s cool, there’s all kinds of options out there for everybody.
The guy that “signed me up” was not a real estate investor either. He was just learning and doing the sales. There were a handful of actual investors at the seminar that I went to initially, but it was made clear to me that they would not be the ones teaching me, the instructors at the college were going to. I researched the teachers, they knew their stuff, and I stayed in touch with a couple of them who helped me out on my first couple of deals. I thought that was cool too.
My point on these posts is just to say that the education is pretty good. Better and more complete than a lot of the other stuff I looked at.
I'm no way an MLM'er, or a sales guy.
Really? Since you’ve come to this sight, you’ve made 5 posts. Not one was a question, answer, or experience regarding real estate. Four of the five were nothing more than support for the NR program. Where are the posts about YOUR real estate experience? Where are the posts answering questions from newbies about real estate. If you have $16,000 worth of real estate “education”, you certainly should have some wisdom to pass on to the rest of us!
Mike
This is typical of a NR lackey trying to brain wash the mases to think that their so called program is the best out there bullsh!t it’s nothing but a very bad MLM scam and the only ones that don’t think so are the koolaid drinking fools that are locked into this.
It’s basically lemmings trying to lead lemmings off the cliff. If you think this crap is good than my friend you are delusional to the extreme.
Calm down everyone. I’m not out throwing names or insults here. My posts here are about my experiences with the thread topic, Nouveau Riche. I’m not selling anyone on anything, just putting my input on the topic since there seemed to be quite a bit of negative. Thought others would like to hear the good along with the bad, you know both sides. That’s all.
I do feel I have a lot to contribute to the other threads and I’m looking forward to participating in REIClub discussions.
I’ve only been here a few days and it seems that I have created quite a few enemies already, not quite sure how I did that. Can someone explain that to me, so I don’t make that mistake in the future? I seemed to have upset Mr Investor with his name calling and insults. It was not my intention to get you so upset at me.
I've only been here a few days and it seems that I have created quite a few enemies already, not quite sure how I did that. Can someone explain that to me, so I don't make that mistake in the future?Its really simple, Squidy. Nouveau Riche - we've heard it tons of times before. You most certainly aren't the first to bring it up here. There's been nearly hundreds of attempts prior to you. Some of us are even members of it. The overall general consensus around here: Not only are we mostly not interested in it, nor want to hear about it, we don't [u]need[/u] to hear about it. If Nouveau Riche has done something beneficial for you concerning real-estate investing, that's great. Still, we don't want to hear about Nouveau Riche. We want to hear about what you have done with real-estate. What you've bought, what you've sold, what you've cash-flowed, what you've rehabbed, what you've landlorded, what you've coordinated, what you've administered. The mistakes, the successes, the gotcha's, the "I didn't see that coming", the "I was told to do this, and this is what happened", the tips and tricks of the trade that you have personally and directly used. Offer to be a private funder or give referrals of someone who is. Offer to partner up with someone on a deal. Tell us of troubles and remedies for the legal paperwork and the laws in your State and or County. Not the theory that Nouveau Riche teaches. We want to hear about what you have done while being down in the trenches of real-estate investing. Give us something that is directly involved with a piece (or pieces) of real-estate where you have put real dollars on the line to increase those dollars from working that real-estate, and we'll be much more likely to join you in a stimulating posting about real-estate investing.
Dean
If you have $16,000 worth of real estate "education", you certainly should have some wisdom to pass on to the rest of us!
Wow! For $16,000, I could buy Vena Jones-Cox and/or Steve Cook course on wholesaling, Alan Cowgill on private money, Dwan Twyford on Short Sales or a couple of others that have done teleseminars on REI Club & still have lots of $ left over.
I have never been to Nouveau Riche but what I do is look to see if something generally works. For example if people get rich using the Nouveau Riche program then the program works. If there are people getting rich and some not, I would find the person that it works for and do exactly what they do. What you will probably find is that the people that are rich in NR are the people that have the largest down-line or have sold the most memberships. That means that you are not in the real estate business but the multilevel marketing business. For example Amway runs a multilevel marketing business. Since multilevel marketing is illegal (pyramid) they have to sell a product. Amway sells soap. NR sells real estate training.
What we have to realize here is that these guys are not evil, they are trying to recruit for their down-line where the possible recruits are. When I used to shop in Wal-Mart I used to get people walk up to me, compliment me on how smart I seemed to be and confident and did I want to share that confidence with others and make money also. They would say they had a business associate that would love to help me help these people and I could make a lot of money at the same time. I would show up at the appointed place and this guy would be a great speaker and he would start to draw circles on a board and draw lines between these circles. That was the approach to recruiting for Amway. They went to a place where people are short of money. They are trying to buy cheap stuff. They went to Wal-Mart. NR goes to where there are people who want to learn about real estate. That is why they come here.
What happens here is a person signs up with 1 post he asks if anybody has been to NR. Then his wingman comes in also with 1 or 2 posts and says I have been and it is great. They bandy back and forth and attract you and me and get us to attend a meeting and then they have a chance to recruit us for their down-line and make them rich.
I have no experience with NR, but I agree with this for the most part. However, you do use the word “rich” an awful lot. One thing I know from friends who have dedicated way too much time to MLM is that some people manage to get a little bit of their investment back, but nobody EVER gets rich from these schemes.
You want to know why I’m jumping down your throat? Because I’m tired of people promising the world to others and only giving a clump of dirt. I’m sick and tired of the scams going on especially RE related. I don’t know maybe it’s because I’ve been scammed in the past but I’m tired of people coming on these forums promoting scam products just to make a quick buck.
NR has been proven time and time again as being a MLM scam. They don’t teach REI the core of their business is getting people brain washed to spend $16,000 for promises that they can’t keep.
For $16,000 I can buy a lot of REI courses and still have a lot for my first deal. Heck for 16 grand I can hire a reliable and respected mentor for $1000-$3000 and still have money left over for my first deal.
Point is that spending $16,000 on a MLM scam isn’t worth it. I would use that money to make me money and NR isn’t one of those choices.
Finally, some people that share the same notions about NR that I do! Whoever said that their sales people are “militant” had it dead on. They tried to recruit me in and basically told me that I was an idiot, had no idea what I was doing, and would never succeed in REI if I didn’t take their classes. I agree, take the money that you would pay for tuition and leverage it and go buy some property!!
Blue Moon: I don’t see anything wrong with MLM as long as the product is legit & cost-effective.
In NR’s case, I don’t think RE & MLM is a good mix. Also, like Jake said & I said in an earlier post, I could take the $16,000 and buy BETTER real estate courses for A LOT CHEAPER and still have lots of $ available to contribute toward deals or growing/developing my RE business.
This is an informative thread!
I went thru the 1st home study Nouveau Riche put out almost 4 years
ago and it was basic stuff. The value at the time was the 2 times a
week live coaching calls they had, that active seasoned experts would answer
any questions you had on a deals and offer e-mail support after the calls
end. As far as I know they are still doing those calls for the folks who opt
to buy the 15 month home study course.
As for the college, most of the ones who go love the education and find benefit in it.
Nouveau Riche just had a college session this week and over 2,347 students
attended and they gave the classes a 92% approval rating. Also Nouveau Riche is
still in business and growing after 5 years, so go figure out why?
The selling of the product is what most of the negative feedback stems from.
Jim Picolo wanted to share the wealth with others rather than just sell the education like
Russ Whitney or Robert Allen, Bill Bronchick, Kessler, Carlton Sheets, Ron LeGrand, etc does.
That is why he formed Nouveau Riche the way he did in the first place. Earn while you learn was
the jist of it. Jim is a very smart business man no matter what any says.
There are a few more post on Nouveau Riche from actual students
at [url=http://millionairerealestategroup.com/viewtopic.php?t=671] http://millionairerealestategroup.com/viewtopic.php?t=671[/url]
Some love the education and use it to take action while others do not.
I did notice most of the ones who posted about NRU who did not like it, all they
ever did was hear about the “Opportunity” and did not like the presentation and
so they based “it was not good” just on that. Most have never went to the college
it seems. That is the feedback I would want to hear. All the rest … well.
Then some go to the college (like all colleges)
and then do nothing … then blame the school and not themselves.
While others go learn, take action and thrive. Guess it is up to you what you do with it?
I would say to be a good Real Estate Investor you need to learn all
you can from as many good sources as you can, as one size does not
fit all. There is No One Best Way!
At least this has been an entertaining thread to read.
Happy Holidays to all and Good Investing! :beer