Phoenix Arizona Real Estate Investment

Nouveau Riche is an unaccredited 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."

The company takes its name from the French term nouveau riche, which refers to those with "new money", or who created wealth within their own generation as opposed to inheriting a family fortune ("old money").

The school

Nouveau Riche has taught thousands of students from around the United States. In 2007 more than 9,000 people attended the college. At a single college session held in Glendale, Arizona more than 2,200 students gave the instructors a 93 percent approval rating.

There are currently three tuition schedules ranging between 30-120 instructional hours. Students may designate a partner to attended classes at no additional charge. Classes are taught using the principles of instructional systems design and multiple six-day college sessions are held throughout the year. Those students who are enrolled with the Regents tuition (currently 98 percent of all students) may repeat classes for an additional year and have access to streaming video classrooms for select courses at no additional charge.

The American Council on Education lists Nouveau Riche under the CREDIT program list of reviewed courses. However, if the credits are accepted by a college, it is at the Junior College, or Associate's Degree level.

History

Nouveau Riche was founded by Jim and Mary Piccolo in 2000 with the inception of the company’s educational programs occurring in 2002 through collaborative efforts with co-founder Bob Snyder. In December 2002, the corporate headquarters were established in Scottsdale, Arizona.

Nouveau Riche currently has plans to construct a campus facility on a 30 acre site overlooking the Phoenix, Arizona valley. The 140,000-square-foot (13,000 m 2 ) campus is estimated at a cost of $74 million and is planned to have administrative buildings, glass-and-steel classrooms and luxury dorms linked by a man-made river. The design of the complex is headed by Larson Associates Architects, Inc.

Raised in Nebraska, Piccolo says he was a poor student, interested more in sports and cars than his classes. After graduating from the University of Nebraska in 1984, he moved to Phoenix and worked in the car detailing and design business. In 1990, Piccolo says, medical bills forced him to file for Chapter 7 bankruptcy and list debts of $650,539. Piccolo ran into more trouble a year later when he pleaded guilty to the theft of his girlfriend's new Mercedes-Benz. Although he denies responsibility now, Piccolo admitted to the court that he had dumped the car in the desert so that his girlfriend could collect an insurance claim of about $24,000; Piccolo said she'd complained that the car was a lemon. "I couldn't bear to see her hurt," he told the court. After three years probation, his felony conviction was reduced to a misdemeanor.

Notes

  1. ^ a b c Savage, Robert Lucas (January 2008), "Graduate Riche", Your Business at Home 3 (1): 44–49  
  2. ^ a b c Voss, Megan (January 2008), "Structured Success in Real Estate Investing", Your Business at Home 3 (1): 23–25  
  3. ^ www.acenet.edu
  4. ^ NouveauRiche.com/about/founders
  5. ^ a b Savage, Roger Lucas (June/July 2008), "On Top of the World", SUCCESS : S6-S11  
  6. ^ NouveauRiche.com/about/nouveaunews
  7. ^ http://money.cnn.com/2007/08/06/magazines/fsb/real_estate.fsb/index.htm

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