The Richest Real Estate Education is in Phoenix

We came upon an interesting article on CNNMoney.com about a company based here in Phoenix called Nouveau Riche University. It's not really a university. It's a week long program that instructs its students on how to make money in real estate. The core idea behind the program is to leverage your existing assets to buy income-producing real estate.

There are, of course, considerable risks with this investment approach. A change in interest rates, or a down real estate market, or an inability to rent out properties can all result in a negative cash flow situation. On the upside, this approach has been used successfully by many real estate investors to build considerable fortunes.

We are going to withhold judgement on how effective Nouveau Riche's training and strategies are. We will say that for much, much less money, you can learn the techniques on your own. Nouveau Riche has its own real estate agency through which it sells properties to its students. This is one aspect of which we are a bit suspicious. To charge $16,000 to teach someone how to invest in real estate, and then turn around and sell them the property (also charging fees for that service) seems like a conflict of interest.

But the fact that this business is located right here in our own backyard sort-of highlights that this is a hot area for real estate investing. Real estate is on everybody's mind around here.

Rather than invest a sizable chunk of money on real estate training (which may be questionable), it may be better to use that money as a down payment on a new home, investment or otherwise, which will reduce your risk and reduce your payments. Scottsdale is still one of the hottest real estate markets in the country, and Choice Group Realty knows Scottsdale real estate. So call us today!