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Jason Schwartz interviews CHRIS ALBIN , esteemed Nouveau Riche Creative Real Estate Instructor and successful investor. Chris shares some Q & A with Jason about real estate investing and retirement planning and wealth creation. Chris had just finished a one-day special workshop. 7-2010
Summary & Transcript Below…
[00:00 → 02:31] Introduction and Welcome
The program begins with a musical intro, setting a reflective tone about freedom and lasting memories. Shortly after, the hosts welcome the audience warmly to the show, identifying themselves as part of the Maui Arts and Music Association rather than “Mama Presents” for this episode. The special guest introduced is Chris Albin, an instructor with Nouveau Riche, a real estate education company. Chris arrives from Danville, East Central Illinois. The introduction highlights the relevance of the real estate market topic, recognizing the audience’s general awareness yet acknowledging the complexity and variability of the current real estate industry.
Chris Albin explains that Nouveau Riche is an education company focusing on real estate investment strategies. He emphasizes the importance of distinguishing between effective and ineffective techniques in real estate investing. Unlike many other real estate education programs that offer one-off trainings and then disappear, Nouveau Riche builds ongoing communities of investors. They provide continuous support after the initial training, fostering a collaborative environment for students to grow and succeed. This approach strengthens investor confidence and practical application, bridging the gap between theory and real-world implementation.- [05:04 → 07:44] Current Real Estate Market Context and Investment Philosophy
The discussion turns to the context of the real estate market circa mid-2010, acknowledging its volatility, especially in unique markets like Maui. Chris and the host stress that real estate investment’s success heavily depends on local market understanding and individual situations. They caution against speculation based on market appreciation alone, promoting a focus on investments that generate reliable cash flow regardless of market fluctuations. Chris owns about 150 cash-flowing rental properties in the Midwest, illustrating that profitable real estate investing is achievable outside high-cost markets by focusing on sound fundamentals rather than speculative gains. - [07:44 → 11:10] Investing in What Is, Not What Could Be & Chris Albin’s Background
Chris shares a core principle: investing in properties as they currently are, rather than what they might become. This mindset avoids speculation and encourages sound analysis. He then provides personal background, revealing he grew up in a family involved in real estate investing, which eased his transition into the field. Initially a high school teacher, he and his wife started buying rental properties to supplement their income. Over time, as property management demands increased alongside family and professional obligations, Chris left teaching to become a full-time real estate investor. His success in this transition was marked by his first-year income from deals exceeding his best teaching salary, highlighting the financial and lifestyle freedom real estate can offer. - [11:10 → 12:31] Creative Acquisition Strategies and Market Adaptation
Chris emphasizes that successful real estate investing does not require large amounts of upfront money. His expertise lies in creative acquisition strategies such as “subject to” deals and seller financing, allowing purchases with little or no money down. He explains that tightening credit markets have actually created more motivated sellers willing to finance properties, which savvy investors can leverage. Chris has not needed traditional lender financing for over two years, yet continues to actively acquire properties, including purchases made within retirement plans. This adaptability showcases the importance of flexible strategies aligned with current market conditions. - [12:31 → 14:28] Diverse Student Demographics and Maui Market Insights
Chris describes the wide range of students attending Nouveau Riche programs—from college-aged young adults building future wealth to seniors investing for legacy purposes. His classes attract individuals from various professions and levels of experience, including doctors, lawyers, tradespeople, and real estate brokers. The diverse demographic underscores the universal appeal and applicability of real estate investing education. The Maui market itself is described as complex and influenced by factors distinct from the mainland, such as tourism and Asian economic trends. Chris appreciates the opportunity to learn about such a dynamic local market while sharing his expertise. - [14:28 → 18:47] Nationwide Real Estate Investing and Retirement Plan Strategies
The conversation broadens to investing beyond local markets, emphasizing that real estate investing knowledge enables investors to operate nationally, choosing markets that align with their goals. For many with conventional jobs, significant pools of money exist within retirement plans that can be directed into real estate to generate higher returns and create cash flow for retirement security. Chris shares his personal experience rolling over $18,000 from a public school retirement plan into a self-directed Roth IRA focused on real estate investments. This approach yielded substantial returns (over $80,000 in 2009 alone), illustrating the power of self-directed retirement accounts as wealth-building tools beyond traditional stock or bond investments. 
Chris elaborates on the mechanics of self-directed IRAs, which allow investors to choose specific real estate investments within their retirement accounts, unlike many large custodians that restrict such options. This flexibility enables precise, targeted investments in properties that meet the investor’s criteria. The magnitude of returns possible through this method is emphasized as a breakthrough for investors seeking alternative retirement growth options. The hosts note that this education is valuable not just for current investors but also for younger generations, helping build lasting financial legacies for children and grandchildren.- [21:29 → 22:53] Community and Cultural Engagement in Maui
The show pauses briefly to acknowledge the warm hospitality experienced in Maui, including local support from community members Randy and Robin who assist with building the local Nouveau Riche community. There is a playful mention of integrating surfing culture with real estate education, symbolizing the blending of local lifestyle with investment pursuits. This segment reinforces the communal and engaging atmosphere surrounding the educational events and the personal connections formed. - [22:53 → 26:44] Real Estate Wealth and Leverage Concepts
Chris and the host discuss the fundamental role of real estate in wealth creation in America, highlighting leverage as a critical factor. Business owners who leverage other people’s time and resources can similarly leverage real estate investments to build wealth. They emphasize the thrill and empowerment that come when students “turn on” to the real estate investing world, which may have seemed remote or complex before education and exposure. They also underline that many people hold limiting beliefs about needing large down payments or perfect credit, but creative strategies can overcome these barriers. This segment inspires listeners to reconsider their assumptions and open their minds to new possibilities. - [26:44 → 29:46] Creative Deal Example and Local Market Potential
Chris shares a compelling example of a “Subject 2” deal where he acquired a distressed rental property with no money down, no bank qualification, and no credit check, even receiving a seller credit at closing. This highlights the practical application of creative acquisition strategies in real market situations. He encourages the local community to raise their knowledge and leverage these strategies to expand investment opportunities in Maui and beyond. The segment concludes by noting that Nouveau Riche has adapted its educational format to the evolving economy, offering localized three-day Wealth Summits and bringing in diverse instructors with practical, contemporary experience. - [29:46 → 33:04] Instructor Credibility and Passion in Real Estate Education
Chris stresses the importance of learning from instructors who are active practitioners, not just theoreticians or retired investors. Using an analogy comparing brain surgeons, he argues for the value of teachers who are currently “in the field” actively doing deals. He recounts his dissatisfaction with previous instructors who lacked credibility or current market engagement, which motivated his move to Nouveau Riche. The program’s strength lies in genuine, experienced instructors who passionately share actionable knowledge, supported by a caring and attentive corporate staff dedicated to student success. This authenticity builds trust and enhances learning outcomes. - [33:04 → 34:57] Closing Remarks and Future Opportunities
As the session wraps up, the hosts express gratitude and excitement for continuing the relationship with Chris, including plans to feature him and other instructors in future shows. There is enthusiasm about integrating local culture (such as surfing) with real estate education to make the experience more engaging. The conversation closes with sincere appreciation for Chris’s generosity, authenticity, and the valuable knowledge he imparts to the community, promising continued collaboration and learning opportunities. - [34:57 → 36:49] Final Musical Closing and Thanks
The show ends as it began, with a reprise of the opening musical theme about Stardust Road symbolizing freedom and lasting memories. Final words of thanks are offered to the guest and the audience, concluding the informative and uplifting session on real estate education and investment strategies.
Guides in Maui Neutral Zone discuss environmental preservation amid vibrant jungle foliage.
Summary Overview:
This episode offers an insightful and comprehensive exploration of real estate investing, featuring Chris Albin from Nouveau Riche. It covers the philosophy and methodologies underpinning successful real estate investment, emphasizing education, community support, and creative acquisition strategies that do not rely on large capital or perfect credit. Chris’s personal journey from teacher to full-time investor provides a relatable narrative that underscores the accessibility of real estate wealth-building. The discussion extends to the strategic use of self-directed retirement accounts to amplify investment returns, presenting real estate as a flexible, nationwide opportunity adaptable to various market conditions, including the unique Maui environment. The episode highlights the vitality of learning from active practitioners and the importance of ongoing community engagement, making this a rich resource for both novice and experienced investors seeking practical knowledge and inspiration.
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- Transcript
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02:31
Welcome to another Mama Presents. We’re not Mama today. You know, we’re the Maui Arts and Music Association. But we are here with a very special guest. This is Chris Albin. Chris is an instructor and more with Nouveau Riche. Welcome to our show. Thank you, Jim. Chris has come here from the Midwest, from… From Illinois. Danville, Illinois. East Central Illinois.
02:59
He’s going to be talking to us about something that we all know very well. How many of you are aware about the real estate industry right now? I bet many of you think real estate, real estate, that’s a very crazy place to be. Well, it depends on who you are and where you are in it and what you know about it. You see, Nouveau Riche is an education company. Chris, why don’t you give our audience here a bit of an idea of…
03:29
Your snapshot of what Nouveau Riche is. Can you do that? Well, Nouveau Riche is really an education company and it’s really important for people to understand in investment strategy and in real estate investment strategy, it’s important to understand the right technique from the wrong technique.
03:53
04:11
With Nouveau Riche we are a real estate education company just like a lot of real estate education companies. The difference is that when we come in and we do an education we tend to leave people in communities. So when I used to teach for other organizations we would go in, we would teach the information, we would say good luck at the end of these three day presentations and we would be gone.
04:36
With Nouveau Riche, we say good luck and we’re going to have another meeting here in the next week or so with the local community. We build communities of investors and that is the strength of Nouveau Riche. The fact that we come in, we do the training, we do the education and then we leave people in community so that they can go on and be successful and be confident in those decisions they make with real estate investors.
05:04
I think a really other important point is many of us hear the words real estate and we’ve gone through some changes here these last couple of years. Here we are in mid-2010. I think everyone is aware that real estate has really been an unusual area. How much real estate can you hope to do if you don’t know what you’re doing? I mean, right now, when we see in many places
05:32
We hear that prices are not declining everywhere, but here we’re sitting in Maui, where we have a market that’s unusual and volatile. How many people that are here understand enough about the market to perceive whether to save their own situation or take advantage of situations? So, we’re strong believers in education. In fact, myself and Ariel, who you know, have been with Nouveau Riche now a couple of years.
06:00
And the most exciting part is that we’ve come to understand that the perception about real estate that we hear in the news really isn’t the reality. Because when you get down in the nuts and bolts, you discover everything’s local and everything’s specific. And it depends if you’re a buyer and a seller. And it’s quite an experience. When I first met Chris, I was in class.
06:27
06:56
150 properties, like he said, in the Midwest, those prices are a fraction of the price of Maui properties, but they cash flow. You learn to understand things like, here’s my favorite one, don’t invest where appreciation is part of your reason for investing. In other words, we’re not talking about speculation, we’re talking about analyzing something that
07:25
Whether the market goes up or goes down, you have something that’s a solid investment. So people out there who are thinking about stock, how many of them were you? If you understood what you were doing, you might suddenly realize the extraordinary opportunities that you have.
07:44
Absolutely. You know one of the things with real estate, I always tell people, always invest in what is. One of my favorite marketing techniques with realtors, and I am a real estate broker in Illinois, but one of my favorite marketing techniques is they sell the possibilities. So a typical thing might say, could be a third bedroom. Well, it could be made of gold. It’s not. So buy what is.
08:12
And don’t worry about what it could be. If you’re buying what could be, you’re speculating like what you said. And so when you’re speculating, you’re really not investing. And we teach people how to invest and how to analyze what is and how to invest in what is. I want to give you a little background on Chris. He’ll elaborate. Chris wasn’t always a real estate investor. Give us a little bit of your history because
08:41
I think you’ll find it fascinating and quite much like, I want to say, the average man, like you and me. Give them an idea. Yeah, well, I actually grew up in a family where my parents were real estate investors, so it was somewhat easy for me to transition into that. When I got married, I was actually a schoolteacher, taught in high school for 10 years. My wife was a schoolteacher when she decided to stay home and take care of the kids.
09:09
We knew that we needed to supplement that income, so we bought some rental properties. For me, it was not a big leap of faith like it is for many people. For me, I had seen it work in my parents’ experience, therefore I decided that it would work in my experience, and so I just went in and bought some rental properties. It got to the point where I had so many rental properties that we kept buying.
09:35
Then my students needed my attention, I was a coach, my athletes needed my attention, my wife needed my attention, my children needed my attention, my tenants needed my attention, and I was this rope in a big tug of war. And so I gave up teaching full time to go into real estate investing full time.
09:55
first year I did a number of deals but one deal in particular I netted more than I had grossed in my best paid year of teaching so I knew that I had made the right decision. Now remember this was a teacher’s salary so it’s not as impressive as had I been a doctor but for me it was my liberty and my freedom. Well what I find impressive is
10:18
and part of the story. As a teacher, you didn’t have so much money. And so that’s why I was thrilled when you were teaching creative acquisition strategies. It isn’t always a pile of money that’s going to help you go in and buy a property in a conventional way. Many of you may not have a lot of money or maybe any money. But that’s what Chris really has shared and has really been
10:48
The fuel for so many of us that have been out in the real estate industry, for example, subject to buying, subject to existing mortgages. Maybe you can take over some of the situation. There are so many creative ways that we’ve learned with you. Now, you’ve been buying properties mostly in your area.
11:10
Because you understand your area, right? Right, yeah. I like my area simply because that’s my area. It’s my market. It’s a market I’m familiar with. And you bought things with very little, if nothing, down. So many times, you’ve proved it beyond any shadow of a doubt that,
11:29
It’s not an unusual situation at all, is it? No, it’s really not. When I was teaching school, like you said, I didn’t have the money to invest in real estate, so I had to ask for seller financing. I had to be creative in my acquisition strategies.
11:43
That’s why when I was hired to teach with Nubo, they asked me to teach those strategies because that’s what I was good at. That’s how I built my portfolio. And then recently when money tightened up and banks tightened up and it was very difficult to refinance property, I had to kind of go back to my home base, my ground level and
12:04
So I haven’t really asked to borrow money from a lender, a traditional lender, for probably two years now at least. But that doesn’t stop me from buying property. In fact, this year I purchased over ten properties. I’ve got two in escrow right now. Some of them I purchased within my retirement plan. Some of them we purchased just because we needed the cash flow or wanted the cash flow. So we needed that outside of the retirement plan.
12:31
the tight economy has really created more sellers who are willing to sell or finance than what has happened in the past. So as real estate is cyclical and the markets are cyclical, you simply have to know how to adjust to those markets and move your strategy accordingly. Well, what kind of students are you seeing that are
12:57
coming in and enjoying the real estate education? I see students from all walks of life. The ones I really get excited about are the young students, the college age to mid-thirties, the people who just really see the possibilities and they’re building for their future and they’re going in the direction of their dreams.
13:20
I’ve also seen students in their 80s and they know that they’re building something for posterity. They’re building their legacy, so to speak. But they’re staying vital and alive and interested.
13:38
They’re using the resources and the experience that they have to move forward with whatever dream that exists in them. So I see students from every walk of life. I’ve seen doctors, I’ve seen lawyers, I’ve seen people in the building trades, I’ve seen college students. And you’ve seen people that have had
14:01
A little experience and a lot of experience. Right. I’ve seen real estate brokers in my classes and I’ve seen people who didn’t know whether real estate was one or two words. Well, here on Maui, we have such a wide variety of people, all kinds of life. What I really appreciate about Chris, Chris came here to help bring a little bit of life to our Maui market.
14:28
We had a nice event today where he was sharing how to find sellers and how to find properties that we wouldn’t normally see. You know, most people think about going out and getting an REO, real estate owned by the bank list, or foreclosures. But he shared all kinds of exciting things for us. It was really very valuable. I saw the whole audience light up.
14:56
You know, and people that have so much experience, but there’s so much more to learn. Many of you realtors out there, you know, who think, you know, you got it all pegged, will find that there is so much to learn from someone like Chris. You really have, I have enjoyed all the instructors at your donation, but when I was bringing people from here, and still am, to school, you know, this is live college.
15:25
and also over the internet. So when I went to school and I had to bring a group of people to class, I was able to go again, you know, sitting through Chris’s class a second and even a third time. And just seeing everyone just learn so much, it was so valuable to everyone. Really wonderful. I appreciate that. And I, really that’s why I do it.
15:50
Being a former school teacher, I teach because I can. It’s in me and it’s something that I want to do. And those of you who are listening who are actually teachers, you understand that. Most people don’t. They say, well, Chris, if you’re so successful, why do you do this? I do it because I can. And so today I get to be on Maui and I get to do what I love.
16:10
and I get to buy real estate, I get to invest, and I get to talk to people about the market. Some local people, Jason and some other people, have taken me around and shown me the market here. It’s an interesting market, to say the least, and what’s interesting about the Hawaii market is you have so many influences that may not be in the mainland, so you have an influence related to the Asian economy
16:37
that is not necessarily true on the mainland. You have influences related to tourism that are not necessarily true in much of the mainland. And so I’m in the Midwest and it’s somewhat predictable and somewhat inexpensive. And here you have just a vast variety of markets within the market. So it’s a fascinating thing for me to learn.
16:59
So I do this because I get to teach, but I also get to learn. And so I really welcome the opportunity to be a participant in the education that goes on here as well. Thank you. You know, it’s interesting when you talk about the Midwest. You know, many of us that invest don’t only invest in Maui.
17:22
There’s a whole country, and when you learn about real estate, and you learn how to manage your managers, and you understand process and due diligence over the investment, you realize the whole country, never mind the world, the whole country is your oyster. Depending upon what you are trying to accomplish, you can invest here, you can invest there, and you know, some of you, a lot of you who have jobs for a long time,
17:51
may have pension plans, and you’re wondering, I’ve got $20,000, $30,000, $40,000, $50,000, $70,000, $100,000 in my retirement plan. I’ve been working all these years. Many people haven’t been aware that they can use those to be tremendous investments in real estate and increase their return on investment in a vehicle that is going to create tremendous wealth.
18:17
That’s the greatest thing I see is that there are so many people that are living and have conventional jobs that have pools of money that they don’t really realize that they can invest and use in this marketplace to set up their retirement and create the cash flows that will really allow them, all of us, to retire. Because in our world, you know, we trust that our pension plans
18:47
someone else will manage, and when all is said and done, we’ll have enough. But now we’re really learning that it’s not the case. So this is very empowering. I mean, that was one of the most exciting stories that you told today. Why don’t you share a little bit of a story about a retirement plan and what you can do? Yeah, sure. When I was teaching school, I was invested in the Illinois Teachers
19:15
retirement plan. It’s the plan that the state sets up for their teachers. So, in the 10 years that I taught high school in the public school systems in Illinois, I had amassed a whopping $18,000 and change in that retirement plan.
19:33
When I got out of teaching, I knew that I could use that money to invest in real estate. So what I did was I rolled that money into a Roth IRA, I paid the tax on it, so I had a pool of capital with which to invest that was less than $18,000, less the taxes.
19:53
I started investing that in real estate through IRAs, through a custodian that allows for that type of investment because you’re really only limited to what the law will allow and what your custodian will allow. Schwab and some of the great big IRA custodians, they don’t allow specific real estate investments within your retirement plan.
20:15
whereas some smaller custodians will allow real estate investment within their retirement plans. Self-directing. You can tell them what you want to invest in, including real estate. Right, and so you can self-direct that retirement plan to invest in a specific house, on a specific block, in a specific neighborhood, and they will put your retirement capital into that property.
20:42
Long story short, in 2009 alone, 2009 alone, that retirement plan grew by over $80,000 in 2009 alone. Remember, 10 years to get to $18,000. In 2009 alone, over $80,000 return in that one plan. Isn’t that extraordinary?
21:05
We’re going to take a moment break. Okay. So the best deals, the best deals go into my children’s retirement plan. And so if any of you are out there looking for something to really move your children ahead in getting ready for college or whatever it is, real estate is a wonderful opportunity. See, that’s why I say this education, it’s building in a class.
21:29
for not only for you, but for your children and your grandchildren. It’s a wonderful thing. We’re going to take a one-minute break and then we’ll be back. Watch this. We’re back. We took a break because we wanted to be sure. We’ve got some food here. Have you been enjoying the food from the islands? I have. It’s a wonderful place. I’ve enjoyed everything in the islands. Randy and Robin, who we have…
21:56
that have been helping here on the west side and helping build our New Norwich community have been really great in developing people and what we’re doing. And they have been, haven’t they been wonderful? Oh, they have been wonderful. I tell you what, I cannot ask for better people to spend time with. They’re just a lot of fun. They’ve even promised to take me surfing tomorrow, so that’ll be a plus. Tomorrow. In fact, we’re going to probably have it on this show. You’ll see it here coming up. You know, it’s funny.
22:23
We’re going to turn the whole country into surfing specialists. We’re going to get all the Nubo instructors to come out here, and we’re going to have a parade of surfers here. That’s right. We had one of the Nubo instructors try it last time, and so I can do better than he did. You know, what we were talking about, I don’t want to go too in-depth, because clearly the joy of the discovery, people that come in and think, oh, they understand real estate,
22:53
20% down on a loan, oh they can afford this or they can’t, you know. When you sit and you learn and all the light bulbs turn on, you come to realize what, you know, if you look at the wealthiest people in this country, it might not be a surprise to you that real estate
23:15
is a major, major piece of it. In fact, it’s so amazing to see that if you’re a business owner, that means leverage business owner, not mom and pop working by themselves, but having others working for you. What do you do? Leverage your time and have leverage by employing it in real estate and learning concepts. That’s where wealth comes from. And to learn that,
23:42
Like we say, when you get a thrill out of it, I get a thrill when I see people that I know suddenly turn on to this world that seems so distant that suddenly becomes very familiar and comfortable. Really a wonderful thing. It is. Now, you have people from all over the country that have been doing this real estate education. Any fun stories? Any deals you want to share with them? Just a really…
24:09
Oh, I don’t know. I’ve just got lots of deals. Remember, I buy lots of stuff, I sell lots of stuff, and I am in a world where the market is very different from here. I have some really inexpensive properties. The stories I like are the stories that
24:34
make a difference in my life or other people’s lives. Just this year, I think it was in April maybe, there was a rental property owner in my area. He had seven units, six properties, seven units. He couldn’t manage them well. They were under-rented. He had tenants living there for months without paying anything.
24:59
He had purchased the property, he had fixed it well, rehabbed it, and he had refinanced it, pulled his money out, and now it was just bleeding him dry. He couldn’t do anything with it. So I approached him with an offer for a Subject 2 deal.
25:18
He was very interested in that. We came to terms and I purchased that property. And what’s really interesting about that deal is at closing, he actually had to write a check in order to sell it because there were taxes that were owed and other things. So I was able to get into that property with no money down, no qualifying, no interest. I mean, nothing that was, nothing wherein I had to go and darken the door of a bank.
25:45
I mean, I could have gotten out of jail yesterday and done that deal, not that I did. And you didn’t need to have good credit. Right. And you didn’t need to have money. Right. You see, that’s what’s so exciting. So many of you out there that shut the door, you have blinders on and don’t think possibilities really exist. That’s the greatest thing you did, like I said today. You opened people’s eyes to the fact that you really don’t have to have your own money.
26:15
You don’t have to have your own credit. And those of you that do have money and credit, that’s okay too. There are ways that people here can help others here who are in challenges with their real estate in ways that we’ve never really explored. And that would be exciting to me, to see our local community raise their understanding to be able to help, for example, buy here on the island.
26:44
and to be able to understand that I do some here on the island, some on the mainland, and really just mix it up in a way that we’ve never really seen here. I would really like to think that the possibilities for all of us are so much greater with a little bit of knowledge that blossoms. Like, without getting into too much detail, nouveau riche
27:14
has kind of changed the way it does this education based on the changes that have happened in the economy. Nouveau Riche sends, for example, in Oahu, we have what they call a three-day education wealth summer, which we’ve had before in Maui, and we can have it again here in Maui as we get enough of you guys who are interested to do this, where
27:41
You can learn here locally. You don’t always have to travel to school. And we’ve had different trainers come here. The dynamics of different instructors here locally has really been exciting. In fact, one of the instructors here was, I want to call her a young lady. She’s a young lady. I’m old.
28:06
Was she Mrs. Texas? Yeah, she was Mrs. Texas, I believe. But she’s also a very successful mortgage broker and real estate buyer and seller. And these guys were so exciting. Many of you who have been to the Wealth Summit remember them. And now we have new people coming that are very, very exciting and have a whole different area of experience and teaching that we can have for all of us.
28:36
I feel like a little kid in that every time I’ve seen any of the instructors, there’s such enthusiasm because the new Vorish instructors do real estate. They’re not just like in an ivory tower teaching some theory but not actually having practice. When I’ve seen other real estate companies that teach, somehow I didn’t feel there was as much of a connection
29:01
because they really weren’t doing it. But, like, you’re a great example, and the other instructors have been really great examples of people that are doing it right now. That really, it makes it so much more alive. You know, and, and, again, the information, um, real estate
29:22
There’s not a lot new in real estate. I like to think I taught a new concept today. Oh, yeah. That was very good. Or at least unusual. But there’s not a lot new in real estate. What you have in real estate and in real estate education, you have a number of different choices for the real estate education that you get or the training that one gets.
29:46
I always like to get my training from somebody who is in the business doing the deals, doing that business. I usually use an analysis about brain surgery. If I could choose a brain surgeon to do my brain surgery for me,
30:02
I could choose a brain surgeon who was very successful 20 years ago but hasn’t done brain surgery for 20 years. Would I want that person working on my brain? Probably not. I also have the opportunity of choosing a brain surgeon who teaches wonderful classes at medical colleges and teaches all about brain surgery and knows everything there is to know.
30:24
but hasn’t ever delved into brain surgery. So they can teach it, they know it, but they don’t do it. I’m not sure I would want that person working on my brain either. Or the third choice is I could have that brain surgeon who does brain surgery every day of his life and that is his job and that is his or her passion.
30:47
That’s the person I want doing the brain surgery on me. I remember when I was teaching for another company before Nouveau Riche, and we had over 100 instructors in that country, in that company.
31:00
And of the 100 instructors, some were very successful real estate investors. And some were very successful trainers who hadn’t done much real estate at all. And some had done real estate a long time ago, but not much recently. But they were all trainers. So I might be out with one trainer one week, another trainer another week.
31:18
I remember hearing one of the trainers that I was working with stand up in front of the room and say something to the students. If you don’t take some action, then you’ll never be a successful real estate investor like I am. And I knew that that person didn’t even own the apartment he lived in.
31:37
There was a credibility challenge for me in that. That’s one of the reasons that is really the main reason I moved to nouveau riche. Not that anybody else was teaching a lot of really bad or wrong stuff. Nouveau riche has the credibility of having practitioner instructors who teach from an experiential basis, and they’re very grounded in that. So when they say something, you can know that that’s through experience. It’s not just something they read or heard.
32:07
I always feel that it’s been genuine. I just can’t say enough. I haven’t had a single instructor at Nouveau Rouge who I felt didn’t really add to my knowledge and I could really feel their passion because they’re doing it. It’s really been great. And plus, the people that are the staff at Nouveau Rouge and the corporate people all come from their heart. I have never been around an
32:36
a group of people in a company where I felt a genuine, genuine caring about us as students who wanted us to be able to take action and be successful. Jim Piccolo and Bob Snyder and the rest of the staff at Nouveau Riche have been just extraordinary. I have felt so loved. I mean, it’s really been a wonderful experience.
33:04
As I’m looking here, I can see we’re getting toward the evening, and we should probably wrap this up, because we’re going to have Chris on again, and we’re going to get him out here to Hawaii. You watch. Absolutely. In fact, next time, I hope that we’ll get him here with his wife and his family. Oh, that would be great. So, you know, he can not only work, but I think we’re going to save a little spot in this show, because we want to show some of those other instructors
33:34
A surf champion. We’re really fortunate. Randy Clark has been surfing in here for a long time. So he’s going to get Chris up on a surfboard tomorrow. We hope. I’ve told everybody that’s going to happen. And I’m sure it will. Thank you for spending the time. He’s been very busy. We just stole this precious time before the darkness sets in. Chris, really, I appreciate you coming and joining us.
34:02
and i know our audience does and um we’re going to find ways for you to be in touch and learn more about this i really from the bottom of my heart i want to thank you for all that i’ve learned and all you’ve shared with me and um you’re genuine caring i don’t
34:21
hear any hype in what we do. Everything you’ve said, you substantiate and you are just a genuinely wonderful man. Thank you for sharing with us and giving as much as you do for all of us. I appreciate that. Thank you. Chris Albin. You guys are going to wait until you meet him. Chris, thank you for joining us here. Thank you.
