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NRU CURRICULUM
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SUBJECT MATTER |
CONTENT DESCRIPTION |
LEVEL |
NRU HOURS
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100 Level Classes |
|
Bookkeeping |
Utilizing QuickBooks® software, this hands-on,
introductory level learning session helps students get their real estate
investment businesses up and running. Walking through company set-up and
management functions, students learn how to track money coming into and
going out of their businesses by categorizing income and expenses, creating
a chart of accounts, developing corporate and personal financial reports,
and more. To get the most out of this educational experience, students must
bring laptops loaded with a current version of QuickBooks®
Pro for Windows® PC to class. QuickBooks® for Mac will not
be supported. |
100 |
6 |
|
Building
Your Team |
Students will learn
how to select and assemble a team of professionals able to support them in
building their successful real estate investing businesses. Students examine
how each key team member can make and save the investor valuable time and
money. Students will learn various strategies for selecting and working
effectively with acquisition, financial/business, property management, and
selling team members. |
100 |
3 |
| Buy & Hold I |
This class is
designed to assist students in creating long-term, residual wealth.
Students will learn the basics necessary to create a buy-and-hold strategy,
from property purchase through property disposal. Emphasis is placed on
identifying and locating the resources necessary to make a deal successful
and to protect the student’s future interests. Students will analyze
closing and financing fees and learn strategies that can eliminate fees and
maximize cash flow. |
101 |
3 |
|
Establishing
Your Business Vision |
Through a guided
exercise, students will learn how to pursue real estate strategies that
maximize each student’s individual strengths. Students will analyze various
investing strategies and identify the resource requirements, skill sets and
personality traits most suited to each strategy in order to turbo-charge
profits. Special emphasis will be given to the clarification of personal
investing goals and creating a plan to achieve them. |
100 |
6 |
| Real Estate
101 |
In this
“quick-start” class, students will learn the concepts and mechanics of real
estate investment transactions. Topics include the basic terminology and
principles of real estate investing and financing, with a focus on the
mind-set and action steps required to create desired profits. |
100 |
6 |
|
200 Level Classes |
|
Business
Financial Management |
This class provides
students with an owner’s perspective and basic understanding of the
structure and operation of their real estate investment businesses. Topics
include: business management principles, key accounting statistical
measurements, basic accounting and bookkeeping requirements, cash flow
requirements and planning, how to perform a detailed property analysis,
required business financial statements, business banking and establishment
of business credit, understanding the legal entities that are typically used
by investors, and a review of the impact of tax savings achieved through
ownership of real estate investments. Students will learn the skills
necessary to manage their real estate investment businesses more efficiently
and profitably. |
200 |
3 |
| Buy & Hold
II/ Landlording |
This class teaches
students how to be successful landlords by managing their portfolios of
rental property. Students learn ways to locate and place tenants, deal with
day-to-day operations and handle challenges as they arise. Students examine
the tax advantages of owning rental property and analyze advanced rental
strategies to maximize cash flow. This class emphasizes the ways to find
high-quality tenants with whom the student can establish lasting business
relationships. |
201 |
6 |
|
Computer
Property Analysis |
A real-time property
analysis training session, Computer Property Analysis exposes students to a
variety of on-line property information. Satellite images, real-time
demographics and comparable sales data will be presented. Students are
guided through a step-by-step process of analyzing properties for purchase
based on the results achieved from the Property Professor analysis software.
Students will also learn methods of finding deals, screening tenants,
managing properties, and developing short-term and long-term strategies for
properties. |
200 |
3 |
| Creative
Acquisition Strategies |
Students will be
presented with creative techniques and strategies for acquiring and
controlling properties. Basic investment ownership and control terminology
will be covered as well as some of the factors contributing to seller
motivation. All acquisition strategies are presented on a foundational
level from the buyer’s perspective. These strategies include equity
sharing, options, agreements for deed, wraparound mortgages, and more.
Using case studies, students will gain an understanding of step-by-step
techniques of buying and controlling properties without having to qualify
for bank financing. |
200 |
6 |
|
Creative
Financing |
This course
introduces a variety of practical techniques for financing real estate
projects and presents creative, non-conventional financing alternatives.
Students receive “behind-the-scenes” industry information that shifts their
belief systems and empowers them to make informed, financial decisions. |
200 |
6 |
|
Fix & Flip
|
This “'how-to” class
teaches investors the way to fix and flip properties for quick cash. The
anatomy of a flip, from finding motivated sellers to establishing clear
objectives, to the advantages and disadvantages of various financing and
marketing strategies, are discussed. Students will learn the way to leverage
OPT (other people's time), while identifying the hidden potential waiting to
be unlocked in investment properties. |
201 |
6 |
|
Foreclosures |
Designed for both
the novice and the seasoned investor, this class provides a practical how-to
guide of acquiring foreclosed properties through two methods: auction and
bank REOs. The class emphasis is on demystifying the common misconceptions
about purchasing properties through either of these methods. Students will
receive an overview of the foreclosure process and gain an understanding of
the preparations required prior to bidding at auction. How to become a
strong participant in the auction process as well as how to find and
approach banks to acquire REOs will be covered. |
200 |
6 |
| IRA &
Retirement Plan Investing I |
This introductory
level IRA class challenges widely-held misconceptions about retirement
plans. The class explains the concepts of retirement planning, while
emphasizing the benefits of the self-directed IRA as a vehicle that provides
the real estate investor the freedom to invest in what he/she wants, instead
of what his/her insurance company or stockbroker is offering. Students
learn how to create realistic goals and are taught how-to methods of using
retirement funds for investing. |
200 |
3 |
|
Joint
Ventures |
Students will learn
the benefits of leveraging themselves and their resources. This class
teaches students the way to increase the amount of money and time they have
to invest, the way to invest in properties in bulk, and the way to add value
to their 24-hour day. A “who,” “what,” “when,” ”where,” “why,” and “how”
overview of joint-ventures will be covered. |
200 |
3 |
| Legal
Strategies |
Students are
presented with sensible approaches to legal situations in real estate
investing. Along with relevant case studies, topics discussed include: the
differences between several types of business entities; preferred entities
to hold investment real estate; asset protection strategies that work; and
estate planning for your wealth and family. |
200 |
6 |
|
Managing
Property Managers |
Property managers
are hired to look after an investor’s interest. If this resource is not
properly managed, investors often find they are losing money. If they
micro-manage this resource, they may as well manage the property themselves.
Where is the middle ground? This class answers this often overlooked
question. Through role play and examination of case studies, students will
examine property managers, the property manager’s role and the investor’s
role. Students learn how to properly evaluate the property manager and how
much freedom the property manager must have to maximize profitability. |
201 |
3 |
| Market
Analysis |
This class presents
criteria for analyzing various real estate markets. Students will learn
where to obtain information about real estate cycles and trends; ways the
economy, population and politics affect property values; factors to use when
evaluating certain areas; what to look for when determining whether to buy
in a certain neighborhood; and ways to determine a property’s market value
as well as its value to the investor. |
200 |
6 |
|
Mechanic's
Liens and Bankruptcies |
This class offers an
in-depth discussion and strategies on mechanic's liens and property
bankruptcies. Students will learn who files liens, the various methods to
approach an opportunity, the way to reach additional revenue sources, when
to get involved, and the way to negotiate for the maximization of profits on
these transactions. |
200 |
6 |
| Negotiations
for Real Estate |
Students will learn
the psychology of successful negotiations. Class topics include both the
principles and conduct of real estate negotiations. Students examine
strategic creativity, rational behavior, judgment, decision-making, rapport,
and learn how-to methods of gauging the seller’s degree of motivation.
Role-playing exercises provide students with the opportunity to put their
education into action. |
200 |
6 |
|
Pre-Foreclosures |
Designed for both
the novice and the seasoned investor, this class provides a practical how-to
guide of acquiring pre-foreclosure properties. Presenting the basics of how
to get started in any market, this class teaches students methods of
approaching prospects and building relationships that help gain the edge
over the competition. Students will learn how to create a variety of exit
strategies that assist the homeowner. |
200 |
3 |
| Tax
Strategies |
Students will learn
practical applications of owning real estate, considerations for maintaining
entities, and the tax implications of operating under various business
structures. Other topics discussed include bookkeeping basics, converting
personal expenses to tax deductions, paying your spouse and children, health
saving strategies, and many more methods to maximize deductions and minimize
taxes. |
200 |
6 |
|
Understanding Mortgages |
This class examines
the various mortgage products and sources; provides an understanding of how
interest rates are quoted and misquoted; explains the most important part of
your Good Faith Estimate; and tells you what the four main government boxes
really tell you on your Truth in Lending Statement. |
200 |
6 |
|
300 Level Classes |
|
Advanced Legal Strategies |
Building upon the
content taught in the one-day 200 Level Legal Strategies class, this course
explores advanced legal topics applicable to real estate investing.
Students will learn principles of contract law, legal components of valid
and enforceable contracts, how to legally protect themselves in joint
venture and partnership arrangements, and the legal aspects involved in
properly using land trusts and self-directed retirement plans in real estate
transactions. |
300 |
6 |
Advanced Tax Strategies
|
Building upon the content taught in the one-day 200 Level Tax Strategies
class, this class exposes students to the unfortunate realities of the
estate and gift tax while presenting how the use of Family Limited
Partnerships and other techniques can help significantly reduce taxes. This
class also focuses on demystifying the tax-deferred exchanges under Section
1031 of the Internal Revenue Code while briefly explaining other advanced
tax-deferral strategies for selling appreciated real estate. Insight on the
United States Federal Transfer Tax System will be shared along with the
value of planning ahead to reduce or eliminate transfer taxes. |
300 |
3 |
| Building a
RME Portfolio (Free) |
Students will learn
how to leverage the power of the real estate investing system created by The
Real Market Experts (RME), called the Investor Concierge™. This class
demonstrates ways that students can maximize their experiences with this
proven system and how to leverage someone else’s time to do much of the work
for them. Students learn the ins and outs of using this system and ways to
incorporate the real estate education they have learned to build a
successful and diversified real estate portfolio in some of the hottest
markets in the U.S. |
300 |
0 |
|
Business Financial Management II |
Building upon the content taught in the 200 Level Business Financial
Management I class, this class is presented from a business owner’s
perspective to provide advanced practical knowledge of organizational needs,
legal requirements, asset protection, and tax reduction strategies critical
to the success of their real estate investment business. Students will learn
the questions to ask to gain the information needed to protect and operate
their business more efficiently as they create their own plan for success.
Presenting information on tax reduction and tax deferral strategies
available to the investor to minimize taxes paid on income generated, the
business owner will be armed with the information needed to both work with
and to direct key members of their team to accomplish the investor’s goals. |
300 |
3 |
| IRA &
Retirement Plan Investing II |
Students will learn
the actions steps necessary to effectively use a retirement plan to invest
in real estate. This class examines SEP IRAs and explains why funds can be
generated faster using one. Students will learn how to calculate their
personal required beginning date for minimum mandatory distributions of
retirement plan assets and gain knowledge of the penalties for not receiving
distributions. Along with gaining an understanding of how multiple
beneficiaries can affect distributions, students will learn how to combine
other retirement plans to purchase more and larger investments. |
300 |
3 |
|
Lease Options |
This class examines the planning and strategy necessary to sell a property
over time. Creative acquisition strategies applicable to lease options will
be discussed. Students will learn how options differ from a standard lease,
the best way to create options, the proper method of transferring title, and
the differences between options and other sales methodologies. The class
examines the legal aspects of options and focuses on ways to avoid
problematic issues. |
301 |
3 |
| Master
Leases |
Students will learn
the way to use a little-known alternative means of acquiring multi-family
property. This class will shed light on the meaning of a master lease; who
would buy the concept; the way a master lease works; when to offer this
concept, instead of a straight purchase; and some legal considerations
behind this strategy. Students will learn the way master leases can increase
both the investor's and the current owner's profitability. |
300 |
3 |
|
Probate Purchases |
The goal of this class is to introduce students to a strategy for obtaining
leads to buy real property that is for sale but has not yet been exposed to
the market. Basic probate terminology will be covered as well as some of the
factors contributing to seller motivation. Students will learn what
information to gather, the step-by-step process that gets the investor to
the property first, how to contact an estate, and more. |
300 |
3 |
| Subject-To
Purchases |
This class explores
“how-to” methods of buying property subject to the seller’s existing
financing while avoiding some of the risks. Students learn how to present
offers to motivated sellers and how to gain ownership of property without
qualifying for new financing and without using much, if any, of their own
money. In addition to analyzing the property, students will learn how to
evaluate the existing financing, the seller, and the market. Moving from
theory to reality, students are walked through case study examples where
buyers and sellers have transacted subject-to deals. Sample paperwork
commonly utilized in subject-to transactions will also be reviewed. |
300 |
6 |
|
Wholesaling |
The single, lowest risk and no-money-down-deal available to most investors
is wholesaling. Students will learn the skills necessary to find the deal,
put the property under contract and sell their position. Students identify
necessary resources, analyze the legal environment and identify the
marketing skills required to put together a successful deal. Students
examine several case studies to identify the good, the bad and the ugly. |
301 |
6 |
|
400 Level Classes |
| Multi-Family
Dwellings |
In this class,
students learn what makes an apartment building different from other
investments. Students learn methods for increasing income and lowering
expenses, securing financing and working with municipalities. Students
examine all aspects of structuring a deal through the final submittal of an
offer to purchase. Also presented are innovative strategies that identify
creative opportunities to acquire and increase the value of multi-unit
buildings. Students examine real-life examples and “run the numbers” from
the start of targeting a property, to deal analysis, purchase, subdivision,
and profit. |
400 |
12 |
|
Rehabbing |
This class presents and explains the many facets of running a successful
rehab project, including the analysis of repair options and cost factors.
Students learn the benefits and pitfalls of rehabs and the way to find
economically-feasible properties, based on an understanding of cost
estimations. Students study evaluative approaches to cash-building methods
and time-effective, practical approaches to running a rehab business. This
class teaches students how to work with contractors to run their investment
business in an effective “hands-off” manner. |
401 |
6 |
| Short Sales |
In this class,
students learn all of the necessary components to create significant profits
when purchasing pre-foreclosure properties by discounting existing
mortgages. In addition to learning the most effective techniques to persuade
a seller to work with you, students will role-play the critical
conversations that take place between sellers, loss mitigators and
appraisers, analyze the components of a successful offer, and learn the
secrets of handling second mortgages, judgments, liens, and other title
issues. |
400 |
12 |
Nouveau Riche University™ (NRU) offers a structured, educational program for
entrepreneurs and aspiring entrepreneurs. NRU is the exclusive distributor of
the College curriculum, content, presentation design and format, which are
proprietary products of Nouveau Riche Academy™ (NRA). Neither NRU nor NRA is a
traditional, academic institution, and is not accredited with any academic or
standards governing board.
As with any College, courses and instructors may be added,
changed, or removed from time-to-time. NRU and/or NRA reserves the right to make
replacements or substitutions to the curriculum, its content, presentation
design and format, as it deems necessary to ensure the quality and effectiveness
of its Colleges.
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© 2007, John C. Souter. All Rights Reserved.
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