Comments on Is Nouveau Riche University a Scam?: The Investor Concierge Deals

You guys do realise that people who make negative ...

2009-11-18T12:22:38.485-08:00

You guys do realise that people who make negative comments, are the ones that are not doing any better.It is easy to put someone or a business down, than to uplift them.

The primary business of NRU is to get your tuition...

2009-11-01T06:49:12.124-08:00

The primary business of NRU is to get your tuition money, then get you to bring in other peoples tuition money.

I come back to this site periodically to remind people I personally know 3 people who have been seriously fleeced by NRU. They paid $16k for the programs, then followed Investor Concierge advice and bought condos in Phoenix (Dakota Condos). IC set up the whole scam with sub prime loans, 12 month above market leases, false appraisal values and a lot of hand holding of the "investors". It was a scam. These people have lost over $25,000 including tuition and negative cash flow, and the condos are worth $60-80k less than IC promised, bleeding $300 to 800/mon negative cash flow.

Nuveau Riche is a SCAM people. They have done this to people all over the country.

Google the following words together: "Nuveau Riche University Michigan Condo Money"!

You will find NRU has been working this same scam on hundreds of people for many years. The Money article is from August 2007 and Jim Piccalo says "This is the perfect time to buy." And he is right....2007 was the perfect for HIM to get YOU to buy, so HE received a commission, a loan fee, a rebate spiff from the stuck builder, etc, etc., etc., all at your expense. The reality is 2007 was a TERRIBLE time to buy real estate.

So for the 20th time in the last two years, I will say it again:

Nuveau Riche University is a SCAM. Please pay attention.

Alas and lackaday! I was introduced to NRC/NRU by...

2009-10-10T18:55:33.439-07:00

Alas and lackaday!

I was introduced to NRC/NRU by a friend who had been hooked.

Before I made a move I did my 'due dilingence' and even spelled it correctly unlike the 'anonymouse' sleepers from the NRCorp that use their monotonous 'defence strategy' everytime someone suggests that they might be as crooked as a sackful of corkscrews.

If you were familiar with the Communist Comintern of the 1930s to 1950s you became accustomed to a stultified form of sentence structure that was more than a century old. Just reading an abstract that did not state the origin of the lines would ring the bell that this was straight out of the Kremlin's Encyclopaedia of Strategies to Win None-Educated Workers in Europe over to The USSR's brand of Communism.

Reading the spiel from the 'defenders' of NRU, the same churning enters my sensitive gastric regions, and it is evident that when a slue of writers employ a particular set of prepeared defences, that the defender is niot speaking, but is merely copying and pasting from the NR Corp's "They Don't Believe Us, Dammit! - So Hit Them With These!"

I am not saying whether this MLM [it looks like MLM and so it IS MLM!] is a scanm or not, but the web is crawling with the comments of the discontented, and also with almost as many frantic but failed defenses from the Corporate HQ Zombies whose idea of being honest in business is when the NR Corporation buys you, you stay bought.

Do the math, due your 'due dilogence,' which will not be easy since 'due diligence' is a legal term that refers to the attitude of professional such as lawyers, Estate Agents, and all those whose actions in a business relationship, whether paid or not, can impact a customer or potential customers success or failure.

You cannot 'DO' Due Diligence, a person can apply due diligence - that is the diligence due from him or her in ensuring that the client is well served and not directed in any direction that could have adverse results without warning them of the danger of an unsatisfactory and possibly a disastrous outcome.

I would hesitate to enter into any business relationship with any company whose top echelons and paid defenders make so many common orthographical errors.

I have done my Due Diligence and me and NR Corp/NR Unive will not be claspinmg hands in this life, and I doubt that we will meet in the next.

Caveat Emptor - and still they come, standing in line to be introduced Madame Guillotine!

I went to one of these seminars. Another real esta...

2009-08-19T02:37:37.287-07:00

I went to one of these seminars. Another real estate broker dragged me there. The information is extremely poor at best. I asked some of the Nouveau people very basic real estate questions to see where thier knowledge level was and they below novice. But they did have all of thier fancy sales responses memorized.

This is obviously just a way to steal money from desperate people who want to become wealthy.

Last week I went to a meeting for the first time. ...

2009-08-18T23:56:18.915-07:00

Last week I went to a meeting for the first time. All I saw was typical hype of MLM at its worst.
Personally I think this is a big scam. They lure people into spending over 20K to become educated to become a REAL ESTATE INVESTOR. Half of the money goes to somebody up the ladder as a commission for selling the education. Before you become fully qualified to have to generate at least 3 sales of 1695$ (SEEK), 3 Sales of $3500 (COACHING), 3 sales of NR University 120 Program for $16,000 each. This generates a total of at least 32250$ to your mentor before you see one penny. IF you do not have people below you to do the same thing you do then you make no money.
I have no idea on how good the quality of the education they provide is. People who are involved will say they are making tons of money as investors but probably they are making more by bringing in suckers who pay over 20K to either get educated or to become sellers of the program. They claim this is not MLM. NOT your typical but pretty creative. In my case i will rather try to find a property at a good price and invest the 20K in the down payment and closing costs. I am am smart enough selecting the property, I may see cash flow. Do I recommend it? i would say no. The way the product is sold, I don't like is a big time MLM. Maybe you would be better off finding a successful Real Estate investor and pay him per hour to get trained.

Every time an NR disciple writes something, it bec...

2009-08-18T18:42:20.782-07:00

Every time an NR disciple writes something, it becomes clearer why they bought into this scam.

first of all i think that you dont have the balls ...

2009-08-18T11:06:47.911-07:00

first of all i think that you dont have the balls to even try this method. you do come out with equity. do your homework the correct way. asshole. the market will come back up. every ten yrs the country goes into a depression on the 11th yr. the economy is back up. i just think you are a loser due to the fact you have nothing else to do and you don't have the balls to get off your ass and attend a session. grow some balls thats if you have any. and i don't care if you are a woman or a man

I personally know three people who have been serio...

2009-08-16T07:49:28.955-07:00

I personally know three people who have been seriously fleeced by NRU. They paid the tuition, followed the advice, worked with Inverstor Concierge and here are the results:

They have dropped over $25,000 in cash, they own Pac Man properties they have to feed each month with $275 to $800/mon (assuming they are occupied, which is another problem) and the recourse loan amounts exceed the asset values by over $50,000 to $80,000.

They have no way out and NRU has ruined their lives. One is ready to file BK shortly and all three, who once had a zest for life, are now walking zombies. It is sad.

I report this information so others will not be scammed by NRU and will know the real risks. TSuccess always claims I have a hidden agenda and must work for another MLM scam. Not true. I am a hard working person with a regular job which I enjoy and make a very good living.

I FEEL SORRY FOR ALL THOSE PEOPLE THAT THOUGHT THA...

2009-07-25T05:41:13.628-07:00

I FEEL SORRY FOR ALL THOSE PEOPLE THAT THOUGHT THAT $16,000 WILL BUY THEM AN EDUCATION AND WEALTH AT THE SAME TIME. FOR THOSE THAT STILL CAN, I URGE EVERYBODY TO GET THEIR MONEY BACK RIGHT AWAY. IF IT'S TOO LATE, DON'T TRY TO CONVINCE MORE PEOPLE TO MAKE THE SAME MISTAKE YOU DID -TWO WRONGS DON'T MAKE IT RIGHT!- BUT TRY TO RECUPERATE YOUR MONEY RIGHT NOW IN AN UPSIDE DOWN MARKET: GET INVOLVED IN REAL ESTATE INVESTING, FLIP A FEW PROPERTIES, BUY A FEW NONPERFORMING BANK NOTES, BE CREATIVE AND MAKE SOMETHING GOOD OUT OF A BAD SITUATION!

I wish my girl friend had of read this blog. She j...

2009-07-25T00:24:11.342-07:00

I wish my girl friend had of read this blog. She just put down the $16,000 for this course and is in Arizona now. Dropped out of medical school to do this and left her kids with her parents.
I feel badly for her now after reading the stuff here on the blog. Thank goodness I didnt buy into it because coming out of the mortgage industry after being laid off for the 4th time, I wanted nothing more to do with the industry and told her that the industry is not a good place to be right now, but of course she's young and didnt want to listen.

I can't believe what NR has done on the internet.....

2009-07-20T21:21:43.982-07:00

I can't believe what NR has done on the internet...your blog is about the only one that is not set up by NR. That is no free speech or discussion, they just flooded the internet with their garbage about how wonderful they are. NR needs to do an audit/study of everyone that has ever purchased their education package.......I can guarantee they KNOW how many people gave up, probably after defaulting on student loans, loans from family members, and maxing out credit cards. They are too afraid to provide the numbers. There is either greed for those making it in marketing, or shame for those who lost everything and don't want anyone to know. We will all stand before God's judgement throne and give account for our actions! Wake up NR, confess and change before its too late!

No, I am not an employee....but I was guilty of gr...

2009-07-19T22:06:37.992-07:00

No, I am not an employee....but I was guilty of greed, you see I signed up by asking family members for money to get rich quick! I was in early enough to make alot of money on marketing. Also pulled family members in on RE deals. You see my family TRUSTED me. The market crashed and so did my investment with my family member...now they will have to file bankruptcy because we used their credit and my money. Everything you have mentioned in your blog is true.....NR brainwashes you...and I fell for it! Giving testimony with everyone cheering me on, the dressing up in suits, the charged trips to AZ, it was like slipping into a deep whole! It feeds the ego........it does create pride, arrogance,greed, and damages lifes along the way. I am no longer a part of NR. But alot of lifes were effected and is wasn't for the good. STAY AWAY FROM NR!

Oh that's right, it's college. I forgot. How'd y...

2009-07-19T13:40:52.143-07:00

Oh that's right, it's college. I forgot. How'd you get accepted? Your SAT scores must have been excellent. How does the grading work? Any term papers? You must be exhausted from pulling all nighters getting those projects done. Not to mention the hours spent trying to recruit others. All respectable universities pay you thousands to get others to join don't they? That seems like a legit "university" practice.

If I only knew about NR back then, I wouldn't have wasted my time at a fully accredited well known university and joined NRU. I'm sure your future employer will be very impressed with NRU on your resume when you finally catch on to the scam and get a real job. (Although you're probably one of the many NRU employees who pose as a student and check the blogs to try to defend this scam. This market must be killing you guys).

It's been so quiet because NR has been having COLL...

2009-07-18T20:29:17.546-07:00

It's been so quiet because NR has been having COLLEGE all this week in Scottsdale, AZ.

Where are all the NR propaganda artists? I notice...

2009-07-05T23:00:47.904-07:00

Where are all the NR propaganda artists? I noticed the chatter has quieted. Has the soft RE market finally exposed this scam?

My take on this is that they are not being overly ...

2009-06-19T21:51:47.236-07:00

My take on this is that they are not being overly upfront with what they are selling.

They want you to invest $21,195.00 to get the regents and other programs. If you don't have it you can get a loan if it's cosigned by someone with over 680 credit score (yeah right).

In my opinion, if they really were looking at giving their ideas to others to make money then they need to help you with your first investment so you can make the $21,195.00 to pay for the course and start doing it on your own.

I offered to spend the $75 to become a recruit and was told if I wasn't interesed in spending at least the $1,695 for the SEEK program that I really wouldn't be considered part of the office and would be dropped by Scott the regional manager for Chicago.

So basically even if I was working for them for free I wouldn't be considered part of the team because I wasn't giving them thousands of my dollars even though I'm laid off work and don't have it to spend.

This program is not above water for someone without money wanting to get into the real estate market, but it's perfect they say for someone with plenty of money to spend on the Investor Concierge portion of the program.

And to think I was recruited thru Careerbuilder while I was looking for a job...not another scam like this one...Scott at Chicago even said he had people perusing such websites looking for people they can sell to...even though those websites are usually for people looking for jobs and employers looking for employees.

I hate this bullshit, and Scott can kiss my ass I won't spend a dime on his lies.

My posts are intended help potential victims avoid...

2009-06-09T02:22:40.200-07:00

My posts are intended help potential victims avoid being scammed by NRU. If one person reads my posts and keeps his or her money in the bank I am happy. I am not here to advocate or discuss anything else. This blog is dedicated to NRU being a scam. The usual off topic, red herring, uneducated responses that we see from the NRU salesman go unanswered because they are not worth of anyone's time. They are usually mindless ranting from the deranged minds of the NRU salesman recruiters.
We are also not here to discuss, who is successful and who isn't. We are not here to discuss or debate the legitimacy of the legal system, capital markets, real universities or how medical doctors make their money. Most of these topics are far too complex for the average NRU salesman. We are not here to debate the viability of whether or not real estate is a good investment. If someone decides that real estate is a good investment, than by all means move forward; just avoid the NRU idiots who want your hard earned money.
Lets stick to the basics. NRU is a fake UNACREDITED University whose primary mission is to recruit victims into paying $20,000 to learn how to buy a house. Anyone can learn better information for free by working in the field and reading, (NRU doesn't advocate reading or books). The NRU information is historic at best. The NRU salesmen are horribly misinformed hacks that are always making up stories and fantasies about income and deals. None of it is real. It is all made up. To this day not one NRU salesmen has been able to verify anything.
I don't believe in paying NRU idiots $20k to go to an UNACREDITED fake university to learn how to buy a house in a declining market. And I sure don't believe in doing business with a bunch of fake, uneducated idiots whose only motivation is to get my $20,000.
I am here to help the potential victims avoid being scammed by NRU. If one person keeps their money in the bank instead of giving it to the fake wanna be professionals at NRU than I have helped.

My husband got dragged to one of the Nouveau Riche...

2009-05-30T22:50:57.045-07:00

My husband got dragged to one of the Nouveau Riche meetings.

Red flag #1

They recommend you get the $16,000 by applying for financial aid at a real school and using it for Nouveau Riche "University". I think there's a word for that. Fraud?

Red flag #2

The rich investors are sooooo nice and they just want to help people become rich like them.

Uh huh.

Really, that's all the red flags I needed to know this is a scam. If these people are so stinking rich and want to help people so bad, they could hold seminars in their spare time for free. If they are the ones who don't have to work like the rest of us suckers, then surely they could spare some moments to teach the lowly people who actually work for a living.

Our friend got sucked into it. It's constantly, "Nouveau Riche this, Nouveau Riche that". But he's dirt poor! He actually believes that any moment, he's going to be rich like these investors who probably had money to begin with.

You can learn all of that stuff for free at the library. Don't waste your money. Work hard, save, and later invest your money on a good deal. Little by little you can become a real estate investor minus the title of scam artist.

You mean "an idiot" not "a idiot". Your uneducate...

2009-05-22T00:04:50.930-07:00

You mean "an idiot" not "a idiot".

Your uneducated grammar skills are typical of NRU members. It would be easier to scam people if you were educated. Maybe you should stop lying and go and earn your G.E.D.

Good Luck.

LOL, your a idiot!

2009-05-21T15:40:53.784-07:00

LOL, your a idiot!

NRU is not a school and it is not a business. It ...

2009-05-21T15:37:57.934-07:00

NRU is not a school and it is not a business. It is another scam that derives its income from "recruiting". If you want to learn how to be a snake in the grass lier than please join up, it perfect for the unethical and stupid. Pay attention here. ALMOST ALL OF THE PEOPLE AT NRU LOSE THIER MONEY. Only a few who are great at scamming people make money.

To the poster who is in his or her fifth year studying economics. Please get out in the business world and get some real experience. You are very naive and have a lot to learn if you have been brainwashed by NRU. The opinions and information that you write about is what you learned from NRU. And it is not information it is MISINFORMATION. Please unlearn what they have taught you and run for your life before they ruin a perfectly good human being.

Everyone stay away from NRU and tell everyone you know the same!!!

i bought and sold houses before i went to a NR "se...

2009-05-21T08:15:38.126-07:00

i bought and sold houses before i went to a NR "seminar". what more could they teach in a "university" that will help me?
NR IS A SCAM AND A PYRAMID: YOU DON'T MAKE MONEY WHEN YOU INVEST IN REAL ESTATE. YOU MAKE MONEY WHEN YOU SIGN UP NEW RECRUITS FOR THE $16,000 "COURSE". THEN THE "STUDENTS" REALIZE THAT THE ONLY WAY TO GET THEIR MONEY BACK IS BY RECRUITING NEW SUCKERS. STAY AWAY FROM THIS, PEOPLE! AND DO NOT READ THE POSITIVE COMMENTS: THEY HAVE THEIR OWN POEPLE WRITING THEM.

So i have been reading the volley for the last hou...

2009-05-20T17:30:01.998-07:00

So i have been reading the volley for the last hour and am somewhat torn, but there are some inescapable facts that must be faced. One of the most common arguements against is that the information can be learned from a book(s) and that what is being taught at this institution is a complete farce. The fact is that ANYTHING taught in school can be gathered and learned from a book and people in their respected field, maybe thats why schools use books and people. What a concept right?

One of the other retorts against nouveau riche is that have been people who have failed at the system after being taken in by it. The important thing to remember is that these are isolated incidents, mistakes do happen, and we listen to people that we shouldn't. If we didn't we wouldnt learn anything. However, it is very important to hear their side because the road is long and winding, and fortunately and unfortunately there are people along the way to give the one human constant of advice derived from their experiences. You will be sold on something, regardless if you are for or against it. I am sorry to hear what these people have to had dealt with it, but it was their decision. Nothing we can do about it.

So what is the point? I have never, ever seen or came across an organization with caliber of people that this organization has. It is staggering the amount of attorneys, real estate agents, real estate brokers, hard money lenders, doctors, pilots, bankers, financial advisors, and millionaires are in this organization which i have been looking into for about a month now. Who better to learn success from?

Another fact is that people who produce will get paid, no matter what the subject, job, career, etc. is. Marketing is in every successful business and is essential. So if you are really interested in nouveau riche (which i think is a stupid name, but doesnt matter), find a representative, and do your homework. If it isn't for you, great, if it is, fantastic, but so far they (nouveau)have produced much more success stories than failure woes, and think about, how many people went to college and haven't used their degree, but people still go there?

I will not respond to any retorts because on the internet, it is not worth arguing with someone that finds it necessary to bash someone elses opinion instead of keeping their own. If they have to correct their stance because of a rebuttal on an opinion based website, they're not worth listening to. Get over yourself. Its okay if people disagree with you.

Research, make your own decisions, be accountable, and remember that everything is subject to that little grain of salt. Its life people. I am an economics and psychology major with a history minor in my fifth year. Cheers.

P.S. Whoever said that these people are stealing from the bank, needs to be taken out back and beaten. Do you have any idea how much fraud banks do? Even the "good" ones? Their job is money and its run by people. Think about it.

what "university", what "education"? what kind of ...

2009-05-12T20:49:00.000-07:00

what "university", what "education"? what kind of degree do you get for $16,000? probably same as your "teachers". what a joke! IT'S NOT ONLY A SCAM, IT'S ALSO ANOTHER PYRAMID, which it's illegal. you only make money when you sign up more people to take their courses, not from their lists of real estate investments.
i feel sorry for all those that were brainwashed by NRU and post their "educated" comments to prove us wrong.

what "university", what "education"? what kind of ...

2009-05-12T20:44:00.001-07:00