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Updated almost 8 years ago on . Most recent reply

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Neal Richardson
  • Saint Louis, MO
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Teaching High School Students about Real Estate Investing-THANKS!

Neal Richardson
  • Saint Louis, MO
Posted

Hello, 

My name is Neal Richardson, President of Dream Builders 4 Equity ("DB4E").  DB4E is a nonprofit organization that teaches at-risk high school students about real estate investing and development.  The students will earn financial equity in the real estate projects by participating in the construction and/or rehab of the properties.  Profits earned will be allocated to a 529 college savings account in their name.  

Our pilot program is launching in 2 weeks.  We are planning to use the Ultimate Beginners Guide To Real Estate Investing, to teach them the basics of real estate investing.  The guide is very well written and will be easy for them to follow, even as high school students.

Is there a PowerPoint presentation that accompanies the pdf?  If not, I hope to gain your permission to create a presentation based on the information in the guide.  

Thank you much for your time and I hope to hear from you soon. 

- Neal Richardson

Most Popular Reply

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Sounds like a child labor scam  to me, lol, hope they are 16 or older in Mo. 

I'm also very skeptical about "at risk" kids being taught real estate "investing", none are in a position to "invest" as minors and I doubt they have the education background to begin in real estate operations generally, like business law,  real estate law, finance or basic economics to grasp the concepts of value and appraisals. Not saying we  don't have smart kids that can learn, but learn what,  from who? 

It's one thing to spin  guru stuff off on adults, entirely different pumping kids full of such stuff.

Hey, you might be affiliated with the University of St. Louis, teaching with field trips and participation in trades, but it doesn't sound like it using materials that include questionable tactics to begin with, like wholesaling.

I'm pretty familiar with the non-profit world, as well as "at risk" kids and low income households, the requirements for 501C3 can be met with the "at risk" angle, profits can be paid after earnings for labor contributions, expenses and of course the executive directors salary, but profits cannot go to  members or officers or directors. So, it just sounds like a fix and flip or construction entity using kids for free until  profits come in, all  under the guise of education. Not sure who your attorney is, but you need to talk to them. 

Profits to the college account is very nice, but what position are the kids in under tax laws for the 501 series of entities? 

Now,  that said, my BS Meter went off with sirens blasting, it's pretty accurate but while these are logical assumptions we might address exactly what's going on putting kids in real estate operations. I certainly hope my initial thoughts are incorrect. :)

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