College Weel Coming Up

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Monday, December 15th will be the last week long session of college for Nouveau Riche this year. With 39 classes available and students coming form across the country, it is going to be a fun and exciting way to end the year.

Our proven E.P.I.C. system is the reason why Nouveau Riche has grown over 400% in the last 3 years. We have been able to thrive and grow in this current economy because our system works. Our cash producing business of referring people to our college has reaped rewards for many students as they invest cash from this business and invest in buy and hold and other real estate investments.

With our tremendous income opportunity of referring people to our college, our students are generating massive cash in this business to invest in real estate. You can set-up a S-Corp then a self-directed 401K and invest in real estate tax free and tax deferred holding it in a LLC. Of course there are many different investment strategies you can engage in so do not limit yourself to just one. Access the power of multiple streams of income

EPIC:

Education - Learn from active millionaire real estate investors.

Properties - Let Real Market Experts (RME) find great deals for you.

Income - Refer others to our college and earn massive cash to fuel and sustain your investments.

Community - Surround yourself with NR community members from all over the country.

Classes will resume with our first week long session in April 2009. Until then, contact me about viewing our amazing opportunity that is changing lives across America from homeless people (no joke) to an ex- gang member, to immigrants, fire fighters, doctors and high level executives.

Happy Investing!

Tony

P.S. Wait until 2009, you have NOT seen anything yet. This is the tip of the iceberg!

Bailout - Check out this calculation

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A gentleman joined Nouveau Riche who was a PhD in Math at The University of California Berkley. As a mathematician, he saw the absolute power of our compensation, joined us and is marketing our product today. He is a math wiz.

He calculated the $1 trillion bailout plan (that is amount by now) into seconds and it equals 32,000 years. Chew on that tax payers. Those who are in a higher tax bracket, you know 30%-40% - OUCH! The poor can't pay. The wealthy know loop holes around it, so middle class is stuck.

The very poor plan their life day by day.

The poor plan their life week by week.

The middle class plan their life month by month.

The rich plan their life year by year.

The ultra rich plan their life decade by decade.

Happy Tax Paying! - I think

Tony

Tonight's Chairman's Call - WOW!

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Lines maxed out tonight! 1000 people trying to get on from across the country. Teams needing to 3-way their people on to listen to our Chairmen Jim Piccolo. The operator trying to keep up.

How can you not love and get excited about what is happening in your world? I know I am!

We have events happening from coast to coast. Day after day, week after week, more and more people are looking at our business opportunity. More and more people want to become entrepreneurs.

We are starting to have people who are making upper 6 figure and 7 figure incomes looking at our opportunity because they are being affected in this economy as well. THEY want to be in control of THEIR life. They are fed up with the daily grindstone of working for other people.

Change is now! No longer can these people hope their company will take care of their future, let alone give them job security.

We received something NO OTHER company has received in last 4 months in this country. I wish I could tell you but you had to be on the call. You need to look at our opportunity to know what is about to happen! We are going to continue to revolutionize the education industry for real estate investing and general real estate knowledge.

The time is now for YOU to take a CALL TO ACTION!

Join me tomorrow evening for my group call. Details are on my profile page.

Oh my....Happy Investing!

Tony

Understanding Mortgages

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I used to be a mortgage broker so I know exactly how THIS game is played. As a consumer there are certain things you need to know to protect yourself before you sign on the line(s).

Points - 1 point = 1% of the loan amount. Loan is $200,000 and someone wants to charge you 2 points, you will have $4,000 charged to you either up front (purchase) or in the loan refinance.

Closing costs - There is no such thing as NO closing costs. they are paid by someone. Either you will pay or your lender will charge a higher interest rate and pay out of their Yield Spread Premium.

Yield Spread Premium (YSP) - The amount the bank pays the broker for an interest rate on a loan. Typically a good YSP paid to the broker is 1.5% Make sure you see the YSP $ amount on your Good Faith Estimate (GFE) before you sign. If it is not there, do not sign it. Having the YSP $ amount shown to you is LAW.

If you see your YSP $ amount 1.5% times your loan amount and you are not paying closing costs, question the rate. If you are paying points, then you are buying down the rate and your broker should be receiving little to no money in YSP.

Now, you can have both. You can have .75% in points and your YSP $ amount equal to .75%. If you see 1-2 points charged and a hefty YSP amount contact me, I will have you talk to someone very reputable in the business.

Title fees - These fees are third party fees and are not lender closing costs. They are included in closing fees but they are a third party fee.

Interest rate - When you see an interest rate advertised in the newspaper or any media outlet, this is advertised at the 1.5% YSP rate to the broker. Typically these go in at the beginning of the week to the media source (paper) and come out Friday. Unless their is a drastic change, the rate going in on Monday or Tuesday is close to the Friday rate. Be cautious and do your due diligence when being quoted a rate you saw in the paper.

The above mentioned scenarios are Conventional/Conforming rates. A paper - Great Credit

FHA may be different. Do not fall into the trap that the rate will be higher because you are putting little money down. YSP pays a little more to the brokers, but still ask and see what the amount will be on the GFE. Watch for points up front and YSP.

FHA requires an Upfront Mortgage Insurance Premium (MIP), requires escrow set-up and has a monthly insurance payment on the mortgage. Once you get to a certain Loan-to-Value (LTV) amount, the monthly mortgage insurance payment can go away so contact your lender.

***Do not fall into the trap of upfront points on top of the Upfront MIP and escrow set-up.*** Very costly!

Escrow - Depending on the month you close (refinance) will determine how many months of taxes and insurance will be rolled into the new loan amount. This is county specific. Remember, watch for points and heavy escrow amounts.

Payoff - Your payoff amount will be your mortgage balance plus one month. This will give you a month without paying. Remember, you will always pay somewhere.

I hope you received quality education in this post. Consumers, stay on top of your lender.

Happy Investing!

Tony

Fannie / Freddie: Avoiding the 4 property investment limitation

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Purchase the home 'subject to' existing financing....yes there is a place on the HUD1 for this for those of you who think it is illegal. Once you close on the deal, quit claim the deed into an LLC. Financing stays in the home owners name. I know what you are asking, what about "due on sale clause?" Remember, banks are in the business to make money, not take back homes. Change mailing address and make sure you PAY the mortgage. Do not do this strategy if you do not have cash reserves or a cash producing business. You are morally obligated to pay the sellers note if you do this investment strategy.

I cannot give out every piece of information but you need to know what clause to put in the contract in order to get out of this property if you need to while still paying on the sellers mortgage before you refinance in under your established LLC.

You need to go to college! Contact me. This is awesome information!

Happy Investing!

Tony

Group Call every Tuesday evening, check my profile for details.

One of my Mentors

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Mark Kohler is an attorney and CPA. He is also an educator at Nouveau Riche's real estate investment college. He teaches the Tax and Legal Strategy classes. He has a master's degree in taxes and saves a lot of people a lot of money when doing their tax return . Mark, thank you for being one of my mentors!

http://www.youtube.com/watch?v=DHE_AFXVWtc

Our community is growing fast across the nation. With what is happening in 2009, put on your seat belt and get ready for a ride! This is going to be awesome!

Happy Investing!

Tony

Nouveau Riche Introductory Video

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