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Nouveau Riche University

By brokencode ⋅ July 22, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

Nouveau Riche University is a vocational school specializing in real estate investing. Class topics range from introductory real estate investing to advanced techniques such as creative real estate investing techniques including wholesaling, multi-units, and short sales; examples of course titles are “Fix & Flip” and “Creative Financing.” Nouveau Riche University claims revenues will top $80 million in 2007, and receives revenue from tuition, commissions on properties sold through affiliated company Investor Concierge, and fees from additional associated companies through sales of ancillary services to students. Nouveau Riche University markets its courses through free seminars and through methods some have described as multi-level marketing, which the company states it does not use.

Nouveau Riche University is a real-estate investment school. Classes focus on topics such as rehabilitating houses, foreclosures, asset protection and other investment-related topics. 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. The real estate investing component of Nouveau Riche University is used mainly to support the primary business of the company which is selling tuition packages.

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