California Real Estate

Nouveau Riche University Real Estate Investment Workshops

Admin — Thu, 06 Dec 2007 09:47:00 -0800

By now many of you have heard of the fast-growing real estate investment college named Nouveau Riche University. NRU is a wealth building school that focuses on real estate investing strategies, tax & legal strategies, and overall financial empowerment.

Here are some of the current real estate investing strategies and classes that they teach:

Nouveau Riche Real Estate Investing College Classes & Strategies

Fix & Flip

Purchasing property, putting in sweat equity, and quickly turning the property over for a profit.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Building Your Team

100

Darryl Wortham

0.5

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Market Analysis

200

Kyle Cross

Negotiations for Real Estate

200

Bob Snyder

Fix & Flip

201

Chris Wilson

Lease Options

301

Chris Wilson

0.5

Total:

Foreclosures

Investing in properties that have undergone a legal proceeding where the Mortgagor’s interest in the property was terminated to satisfy the unpaid debt owed to the Lender.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Market Analysis

200

Kyle Cross

Negotiations for Real Estate

200

Bob Snyder

Foreclosures

200

Rick Rickert

Total:

Joint Ventures

An arrangement where two or more individuals or entities join together as partners.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Building Your Team

100

Darryl Wortham

0.5

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Negotiations for Real Estate

200

Bob Snyder

Business Financial Management I

200

Jim Allfrey

0.5

Joint Ventures

200

TBD

0.5

Total:

8.5

Lease Options

A method by which the tenant is able to choose to purchase leased premises from the landlord/owner at a later date.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Creative Acquisition Strategies

200

Chris Albin

Buy & Hold I (Offers/Deal Structuring)

101

Kyle Cross

0.5

Buy & Hold II/Landlording

201

Chris Wilson

Managing Property Managers

201

Chris Wilson

0.5

Lease Options

301

Chris Wilson

0.5

Total:

9.5

Mechanic's Liens/Bankruptcy

Investing focused on securing interests in (a) liens created on work performed by contractors but not paid and (b) opportunities created by property owners who are seeking protection from creditors.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Negotiations for Real Estate

200

Bob Snyder

Mechanic's Liens & Bankruptcies

200

TBD

Total:

Pre-Foreclosures

Investing in properties that are undergoing a legal proceeding where the Mortgagor’s interest in the property may be terminated to satisfy debts owed to the Lender.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Market Analysis

200

Kyle Cross

Negotiations for Real Estate

200

Bob Snyder

Pre-Foreclosures

200

Rick Rickert

0.5

Total:

8.5

Probate Purchases

A method of discovering through public records real property that may be for sale by motivated sellers prior to the property’s exposure to the general market.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Negotiations for Real Estate

200

Bob Snyder

Fix & Flip

201

Chris Wilson

Probate Purchases

300

Chris Albin

0.5

Wholesaling

301

Chris Wilson

Total:

7.5

Rehabbing

Purchasing and rehabilitating properties.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Market Analysis

200

Kyle Cross

Negotiations for Real Estate

200

Bob Snyder

Creative Acquisition Strategies

200

Chris Albin

Buy & Hold I (Offers/Deal Structuring)

101

Kyle Cross

0.5

Fix & Flip

201

Chris Wilson

Buy & Hold II/Landlording

201

Chris Wilson

Managing Property Managers

201

Chris Wilson

0.5

Lease Options

301

Chris Wilson

0.5

Wholesaling

301

Chris Wilson

Rehabbing

401

Lance Dehning

Total:

14.5

Short Sales

Investing in distressed properties where the Lender agrees to accept a discount on what is owed to allow the sale of the property prior to a foreclosure auction.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Market Analysis

200

Kyle Cross

Negotiations for Real Estate

200

Bob Snyder

Creative Acquisition Strategies

200

Chris Albin

Buy & Hold I (Offers/Deal Structuring)

101

Kyle Cross

0.5

Fix & Flip

201

Chris Wilson

Mechanic's Liens & Bankruptcies

200

TBD

Foreclosures

200

Rick Rickert

Lease Options

301

Chris Wilson

0.5

Wholesaling

301

Chris Wilson

Rehabbing

401

Lance Dehning

Short Sales (Day 1 of 2)

400

McCaleb/Litster

Short Sales (Day 2 of 2)

400

McCaleb/Litster

Total:

102

Wholesaling

Purchasing property at a discounted price and selling it at a low price.

Course

Level

Instructor

Days

NRU Hrs

Real Estate 101

100

Nancy Dana

Establishing Your Business Vision

100

Nancy Dana

Building Your Team

100

Darryl Wortham

0.5

Understanding Mortgages

200

Craig Cottrell

Creative Financing

200

Craig Cottrell

Legal Strategies

200

Mark Kohler

Tax Strategies

200

Mark Kohler

Market Analysis

200

Kyle Cross

Negotiations for Real Estate

200

Bob Snyder

Creative Acquisition Strategies

200

Chris Albin

Buy & Hold I (Offers/Deal Structuring)

101

Kyle Cross

0.5

Wholesaling

301

Chris Wilson

Total:

Grand Total:

103.5

621

Nouveau Riche University Independent Student Advisors hold weekly overview briefings where people can learn more about the opportunity and the college classes. If you are used to attending real estate investing workshops, clubs, groups, seminars, bootcamps, gurus, or any other form of education out there, then be ready to be blown away. You will learn why Nouveau Riche University is the new rising star in the field of Real Estate Investment Education. Here are some of the Northern California cities that hold weekly events that you can attend for free:

If you would like to attend one of the following events, simply email NRUcalifornia (at) gmail.com and request more information about the event you would like to attend.

Bakersfield Real Estate Investment Club
Wednesday Nights 7:30pm-9:00pm
Bakersfield, CA 93309

Dublin Real Estate Investment Club
Thursday Nights 7:00pm-9:00pm
Dublin, CA 94568

Fresno Investor Group
Tuesday Nights 7:00pm-9:00pm
Fresno, CA 93720

Glendale Real Estate Investment Luncheon
Wednesdays at Noon
Glendale, CA 91362

Glendale Real Estate Investor Club
Wednesday Nights 7:30pm-9:00pm
Glendale, CA 91362

Irvine Real Estate Investor Luncheon
Wednesdays at Noon
Irvine, CA 92618

Marin Real Estate Investment Club
Wednesday Nights 7:00pm-9:00pm
Mill Valley, CA 94941

Newport Beach Real Estate Investing Meeting
Tuesday Nights 7:00pm-9:00pm
Newport Beach, CA 92660

Oakland Real Estate Investment Club
Wednesday Nights 7:00pm-9:00pm
Emeryville, CA 94508

Oxnard Real Estate Investment Club
Wednesday Nights 7:30pm-9:00pm
Oxnard, CA 93036

Palmdale Real Estate Investment Club
Tuesday Nights 7:30pm-9:00pm
Palmdale, CA 93550

Roseville Real Estate Club
Tuesday Nights 7:00pm-9:00pm
Roseville, CA 95678

Sacramento Real Estate Investment Group
Thursday Nights 7:00pm-9:00pm
Sacramento, CA 95841

San Jose Real Estate Investment Club
Wednesday Nights 7:00pm-9:00pm
San Jose-Milpitas, CA 95035

Torrance Real Estate Investment Club
Thursday Nights 7:30pm-9:00pm
Torrance, CA 90503

Torrance Real Estate Investing Briefing
Saturday Mornings 10:00am-11:30am
Torrance, CA 90503

Vacaville Investor Club Meeting
Wednesday Nights 7:00pm-9:00pm
Vacaville, CA 95688

Victorville Real Estate Investment Club
Wednesday Nights 7:00pm-9:00pm
Victorville, CA 92329

Walnut Creek Real Estate Investment Club
Tuesday Nights 7:00pm-9:00pm
Concord, CA 94520

West Covina Investing Group
Thursday Nights 7:00pm-8:30pm
West Covina, CA 91791

Woodland Hills Real Estate Investment Club
Tuesday Nights 7:30pm-9:15pm
Woodland Hills, CA 91367

For more information about Nouveau Riche University, visit their corporate website and definitely take advantage of this awesome education!

$53 Million Dollar Home makes it to #5 on Forbes Most Expensive Homes In The World List

Admin — Fri, 29 Jul 2005 00:11:00 -0700

Forbes.com uncovers the 30 priciest properties in Asia, Africa,
Australia, Europe and North and South America.

Click the link below to read the full story:
http://www.forbes.com/2005/07/29/expensivehomes-world-realestate-cx_sc_0729home_ls.html

This amazing Bel-Air home made it to #5 on the list. Read below for more information:

Source: Forbes.com

Price: $53 million
Location: Bel-Air, Calif.

As one might expect with a tremendous home in one of California's priciest neighborhoods, no expense was spared with this Mediterranean-style villa. Totaling more than 34,000 square feet, the lavish home has nine bedrooms and 20 baths spread over four floors. The impressive entryway is lit by a 9-foot-tall French crystal chandelier. The formal living room is capped by a 20-foot domed ceiling painted with sky scenes that can be lit eight different ways. The huge entertainment area includes a bowling alley, game room, screening room, racquetball court, fitness room and sauna. And the acre-plus of land is landscaped with lawns, a rose garden and fruit trees. It is listed with Jade Mills at Coldwell Banker.

Santa Cruz County home prices are up, sales are down, but agents still flood the market

Admin — Fri, 22 Jul 2005 22:07:00 -0700

California Real Estate News

The Santa Cruz Sentinel reports on the all-time lows that Santa Cruz County is facing for home sales this season. Yet on the same note, real estate agents are flooding the market trying to divide up pieces of a smaller pie. And even though home sales are at all-time lows, the value of properties in the area is skyrocketing!

"There’s a huge impact," said Dan Sedenquist, president of the Santa Cruz County Association of Realtors... "We’re at our all-time high as far as membership now. It’s a smallish pie that’s being very finely divided. There are certainly more people chasing (sales) than I’ve ever seen."

The Most Expensive Home in California Can Be Yours For Just $65 Million!

Admin — Thu, 21 Jul 2005 22:16:00 -0700

California Real Estate Market News

Check out this home! As if it wasn't enough that Atherton had the most expensive zip code to live in, now Belvedere is making way with the most expensive residence!

Belvedere California in the San Francisco Bay is home to the most expensive residence on the market in California, and one of the priciest in the country. Locksley Hall, a 10,000-square-foot house that sits at the tip of Belvedere Island, can be yours for $65 million.

The entrance to his property is guarded by gates designed by Hearst Castle architect Julia Morgan. The porte-cochere, with 15-foot-high ceilings, opens into a foyer with a bronze-balustraded staircase. The dining room has mahogany wainscoting and hand-glazed walls, as do many of the main rooms.

On the lower level, the great room features herringbone floors, alabaster pendant lamps and coffered ceilings. Upstairs, the master suite has a spa tub. There are mahogany doors and marble baths throughout, and an elevator serves each floor.

The six-bedroom house has 360-degree views that encompass San Francisco, the Golden Gate Bridge, Angel Island and the Bay. The view is framed by a wraparound veranda adorned with Corinthian columns, teak decking and bronze sconces.

Learn more about this stunning property by reading this Forbes.com article which offers a more in-depth look.

Are Base Closures Causing A Real Estate Boom or Bust?

Admin — Tue, 28 Jun 2005 22:17:00 -0700

The National Real Estate Investor has an article discussing whether the recent Base Closures are creating a Real Estate Boom or Bust. We discussed the exact issue in an article about the possible Ventura County Base Closure.

Here is an excerpt from the NREI article:

With the Department of Defense shutting down military bases across the nation, commercial real estate developers are investigating potential redevelopment sites. As many as 33 major bases will be closed while another 29 bases will be “realigned,” which in military shorthand means they will absorb more staff. Meanwhile, the shuttered bases should save the government a whopping $50 billion over the next 20 years.

To read the full article, click here.

$34 Million Dollar Mansion for sale in Laguna Beach, Ca - A Beautiful Real Estate Market

Admin — Sun, 26 Jun 2005 22:12:00 -0700

California Real Estate Market News

Laguna Beach is one of the most beautiful spots in all of California to own a home if you love ocean views and fine lifestyle options. Laguna Beach is also home to stars of the entertainment and business worlds including Bette Midler, Heather Locklear and Diane Keaton.

Warren Buffett, the second-wealthiest man in the world according to Forbes' 2005 list of the world's richest people, recently sold his two-bedroom house in Emerald Bay for $3.5 million. But he kept his other property, which is worth slightly more.

Prices have soared in Laguna, as in California as a whole. In March, Laguna Beach had one of the highest median home sale prices in the state, at $1.35 million. (Laguna Beach ranked 34th on the Forbes.com list of the Most Expensive ZIP Codes in the U.S.)

Forbes.com has recently written an article about a California Riviera Mansion which is currently on the market for almost $34 million.

"Perched above the ocean on Riviera Drive, Casa de Concha ("House of the Shell") is a Spanish Colonial-style house with five bedrooms and nine baths. Designed in a heavy, dramatic style, it features arched doorways and beamed ceilings throughout. The living salon has a double-height fireplace and adjoining oceanfront loggia. The bathrooms are clad in marble, travertine and tile, and the master bath has a view of the ocean from the tub."

Read the entire article and view pictures of the mansion by clicking here.

Santa Clara County Real Estate is up 2.5% over last month.

Admin — Mon, 16 May 2005 16:57:00 -0700

The median price of single-family houses sold in the nine Bay Area counties rose to a record $622,000 in April, up nearly 20 percent from a year earlier.

The Santa Clara County figure for last month was also a new peak, at $681,500. That's up almost 19 percent from the median price in April 2004, and 2.5 percent higher than the March 2005 number.

Sales volume, on the other hand, fell compared to last year in all Bay Area counties except San Mateo and Napa. A total of 7,592 houses changed hands in the region last month, about 12 percent fewer than during April 2004.

If the Naval Base in Ventura County closes could this become a prime real estate opportunity?

Admin — Thu, 12 May 2005 14:30:00 -0700

California Real Estate News

On Friday, May 13th, Defense Secretary Donald Rumsfeld is expected to announce the bases that will be closing. Among the list of potential closings is the Naval Base in Ventura County - the Navy's only deep-water port between San Diego and Washington state.

The down side would be the thousands of lost jobs as the Naval Base is Ventura's largest employer. On a positive note, many real estate professionals are seeing this as a potential opening of new land that could become prime real estate if used wisely.

L.A. Daily News reports on this subject:

"We can definitely use additional land area and even wharves wherever we can come up with them," said Oxnard Harbor District Executive Director William Buenger. "We have never advocated the closing of the Navy base. In fact, it's very advantageous having the Navy sharing the harbor with us."
Mark Schniepp, director of the Santa Barbara-based California Economic Forecast, said even complete closure would not be an economic disaster for Ventura County because the base sits on prime real estate that could bring in more money, jobs and taxes if it were quickly developed in other ways.
"It's prime California real estate. That kind of land is extremely rare and in high demand," he said.
"The big 'if' is how quickly can we develop a plan to reuse that land," he said. "If the base closes and we sit around for 10 years and lose 10 years of economic activity, we could never recoup that."

So for now we will wait to see if the base is closed and what the county decides to do with the land...

Related Sites:

http://www.nbvc.navy.mil/

http://www.dailynews.com/Stories/0,1413,200~20954~2864672,00.html

Best Places To Be Rich include San Francisco, San Jose, Santa Barbara & San Diego

Admin — Tue, 10 May 2005 17:27:00 -0700

California Real Estate News

Forbes.com has a list of the top 10 best places to be rich in the United States. Among the list were the popular California cities; San Francisco(3), Santa Barbara(4), San Jose(7) & San Diego(9).

San Francisco was rich in beauty, luxury goods, dining, pricey homes, charity & culture.

Those who occupy the lofty elevations of Russian Hill, Pacific Heights and Presidio Heights would surely agree that San Francisco should be high on the desirability list. The weather may be damp and fickle, but this West Coast city has far more than its fair share of good food, good shopping, culture and high society. Anyway, the days of this being a hipster heaven are long gone as today you need plenty of bucks to live here.

Santa Barbara was rich in food, service, charity & culture.

With a median home price of $960,000, it's no wonder Santa Barbara ranked 4th on our list. The posh coastal city also ranked in the top ten in the fine dining category. Even though there is no local Louis Vuitton store, it does boast a high percentage of personal chefs, butlers and, of course, celebrities neighbors like Oprah Winfrey. Oh yes, it's also really beautiful.

San Jose was rich in luxury goods, charity & culture.

If you live in Atherton or Palo Alto, you know why San Jose made it onto our list. Ranking high in luxury goods, charity and culture measures, this California city attracts the wealthy and has the services to keep them happy.

San Diego was rich in beauty & pricey homes.

Though it didn't score particularly well in the culture or charity departments, San Diego doesn't weigh in too far from the top when it comes to pricey homes. It's tough, after all, not to be swayed by a year round average temperature of 70 degrees--not to mention La Jolla's stunning coastal views.

Click here to view the slide show from Forbes.com on the 10 Best Places To Be Rich.

Religion's restrictions on paying interest create dilemma for Muslim home buyers

Admin — Tue, 10 May 2005 17:07:00 -0700

California Real Estate News

The Muslim religion prohibits earning or paying interest on borrowed money. So what do Muslim's do when they want to take out a mortgage and purchase their own home?

The answer?

Most don't. Their religion prohibits it.

The San Diego Union-Tribune has a story of a Muslim in this exact situation.

When he bought his car two years ago, Javed Ahmed saved up enough money so he could pay for it with cash.

And every month, the senior analyst at Voyager Capital, a venture firm in Seattle, pays off his credit-card balance so he doesn't have to pay interest.
Now, at 29, Ahmed wants to buy his first home.
But as a Muslim, he faces a dilemma common to observant followers of the nation's fastest-growing religion: Can he buy a home without angering God?

So what are Muslim's to do? Save up enough cash to pay for their home outright? Well, with home prices skyrocketing the way that they are, and in states like California where the median home is priced at $488,600, this would be considered impossible for the vast majority.