January 23rd, 2007 7:14 am
Introducing I am Facing Foreclosure Sponsors
As some of you have noticed in the sidebar I have some sponsors. I would like to introduce them to you:
Sell Your House Fast:
House Buyer Network™ is North America’s largest home selling solutions service. Our professional, experienced home buyers have processed more than $25 billion in property since 2002 and over $12 billion in 2006 alone. We buy houses across the U.S. and Canada, so our home buyers can assist you in the home selling process no matter where you need to sell a house. We’re also the only company who gives you two options for selling a house fast.
This house buying service is great if you are trying to stop foreclosure like me or just want to talk to a local real estate investor about selling your house quick.
Of course, it helps to have some equity in your property. I actually tried contacting some of my local investors associates when I first started this blog in trying to see if anybody wants to take over my deals. Well since I was so over-leveraged nobody really wanted to take my “sinking ships”. I don’t blame them.
However I did work with an investor on negotiating a short sale (to sell the property for less than what I owe). I’m also getting help from real estate agent(s) who specialize in doing short sales.
The nice part about the House Buyer Network is that they will give you two options for selling a house fast. 1) They will put you in touch with a local investor and 2) they will put you in touch with a local “fast sale” agent.
Between the two you should be able to get some good advice and help with selling your house fast. There is no cost for this service. (I might actually use them to help me find a new Realtor and/or investor for my New Mexico and Burdett properties).
The reason I feel pretty good recommending their house buying service over the other “We Buy Houses” guys (many of them are scams, believe me, I know) is because they are very picky about selecting their local investor partners.
For example they wouldn’t let me take the Sacramento area (it’s available). Something about that I don’t have 2 years of full-time successful house buying experience. And I’m sure the thing about me facing foreclosure didn’t help much either.
Learn to Invest Without Paying Thousands of Bucks:
The people behind House Buyer Network just launched a new real estate investing education website.
Real Estate Investors.TV is the premiere real estate investment education website that includes the best online learning content from some of today’s leading real estate investment gurus.
I have spent over $30,000 on real estate investing education in the last two years: seminars, “boot camps”, books, tapes, etc. Now, I’m not saying it was all bad but a lot of it was “fluffy” and seemed overpriced (yeah I know, I got sold). One things for sure, is that some of the real estate “gurus” make more money selling seminars then they do on actual investing of their own.
I am actually glad to see that somebody went out there and put together some quality videos, audio and print materials from the “gurus” in one place for just 40 bucks per month for unlimited usage. And we’re talking full-length meat-and-potatoes videos, not teasers.
I still don’t know how they convinced these investing gurus to offer their stuff for next to nothing. You can see from my closet shelf that some of the courses that I paid thousands of dollars for are now available for a small monthly fee.
Get-Rich-SLOW…
Instead of the typical motivational “You Will be Rich Tomorrow” rah-rah (I know all about that) the focus of Real Estate Investors .TV is to give you nuts-and-bolts training that you can start to implement right away and learn to do real estate deals one-at-a-time with little risk. (Sorry, no crazy 8-houses-at-once with 100% liar loans cash-back-at-closing techniques covered here).
I was told that they don’t just let any guru on there. The gurus and videos are hand-picked for quality, ethics (I like this) and actionable content. Because of that there are very few mainstream gurus. Maybe because the “fluff factor” is higher on those guys.
I asked them why Robert Kiyosaki is not on there. The answer is because Kiyosaki’s stuff is meant more to be theory big-picture type of stuff and not necessary actionable step-by-step content.
Anyway, check out REI.TV while it lasts. This is some of the cheapest real estate investing education you will find.
(If you pickup a sweet deal as a result you owe me a wheat grass shot from Jamba Juice!)
474 Comments
January 23rd, 2007 at 7:18 am
first
January 23rd, 2007 at 7:34 am
Finally a good move. This blog gets a lot of eyes on it every day.. you should be making some coin with it.
January 23rd, 2007 at 7:35 am
Casey– its almost auction time in Modesto! Will you even bother to show up for it? Tell us how it went if you do!
January 23rd, 2007 at 7:47 am
Casey,
You could have learned a lot without spending thousands but you wouldn’t have listened to anyone. That’s just your style.
I have never spent a penny on seminars and have put together a nice portfolio of real estate investments. I think those who pay a lot for real estate education seminars just get snookered by the make fast money hype. The ones who usually plop down their credit cards are the ones most likely not to benefit. I went to several teaser seminars, including the RE Expo in SF and no way would I spend my money on the hooey that was being spewed.
You make good money in real estate by buying smart, taking care of the property and selling or renting for profit.
All the get rich quick crap is designed to help the vendor get rich quick.
I could recomment 5 books that would cost less than $100 and you’ll learn most of what you need to do OK.
Since Casey got taken and used the information to destroy his life with the overpriced seminar/education/crappolla he’s a great example of what not to do…
January 23rd, 2007 at 8:00 am
Leroy, yeah I had to find a way to monetize this blog but I didn’t want to go with Google AdSense because there is no control over the advertisers and it’s prone to click-fraud.
Now I’m only going to take sponsors with products and services I believe in and would personally recommend and products that would appeal to my “audience”.
But what exactly is my audience?
I figure there are 3 types of people here: 1) train-wreck watchers 2) people interested in real estate 3) people facing foreclosure
#1 crowd is just here for entertainment, they are not interested in any products/service and will never pay for anything. I think #2 will enjoy REI.TV for cheap but quality RE investing education and #3 can definitely take advantage of HBN to see if they can just dump the house quickly.
#1 crowd is definitely the most vocal and the most critical. They don’t care about what really happens as long as they have some good entertainment. Sometimes I wonder if I can EVER do anything right in these people’s eyes. I mean what would happen if the “slow motion train wreck” avoids collision? I know there ARE a few critics here who genuinely want to see me improve and they offer their criticisms in hopes of being constructive. I have a feeling though that the larger amount of critics here just want to see me fail one way or another.
And yes, there are supporters, however most of the supporters or “cheerleaders” as you guys call them here, don’t leave comments. They actually email me encouraging emails. When I receive those, it makes my day.
Anyway, this just experimentation stage to see if my sponsor is able to get any value out of my blog. After we see how things go we’ll be talking more about compensation and such.
Who knows, I might be able to cover my living expenses through this and continue to survive, work on settling my debts and learn how to do real estate the right way.
January 23rd, 2007 at 8:09 am
aaack!
Useless! Get a sponsor that sells fishy treats!!
thpptt!
S_t_C
January 23rd, 2007 at 8:26 am
“I figure there are 3 types of people here: 1) train-wreck watchers 2) people interested in real estate 3) people facing foreclosure.”
Percentages:
1) Train wreck watchers - 85%.
2) People interested in RE - 10%. These folks eventually convert to #1.
3) People facing foreclosure. 5%. These folks either move on or convert to #1 once they realize you’re a […]
“For example they wouldn’t let me take the Sacramento area (it’s available)Something about that I don’t have 2 years of full-time successful house buying experience. And I’m sure the thing about me facing foreclosure didn’t help much either………..ya think? […]
Another 400+ comments to come. Congrats.
January 23rd, 2007 at 8:31 am
Why haven’t you looked into the calendar idea? Even if A*y doesn’t want to participate, you can still ask Stephanie J, T., Kelli, and so on. I would pass on PrLinkbeech or whatever her name is.
January 23rd, 2007 at 8:32 am
Hey Casey,
I make my living as a landlord, and have been successful at Real Estate investing for over 25 years now. I never tried any of that idiotic nothing down, cash back at closing which always results in borrowing more than you can ever possibly repay. Today you’re up to your neck in debt and still think this is a viable way to make a living. I can assure you, it is not.
And I have read enough of your blog to know you have absolutely nothing of value for me to learn. In fact, I never thought anyone could be as naive, stupid, reckless and crooked as you. Until I read about your fiasco here of course.
I originally hoped you would learn your lesson, and get out of this mess. Burt after watching you repeat your same mistakes time and again and continue with your get rich quick scamming schemes, I hope you get serious jail time. Yes, you did knowingly rip off others bigtime, and you deserve to pay for it criminally. And not just a slap on the wrist either.
So count me in the “watching the train wreck” crowd for sure. I bet better than 95% of the people that follow this blog fit in that group too.
January 23rd, 2007 at 8:32 am
Is there an echo in here? I think we have been saying this for moonths: “I have spent over $30,000 on real estate investing education in the last two years: seminars, “boot camps”, books, tapes, etc. …. a lot of it was “fluffy” and seemed overpriced (yeah I know, I got sold). One things for sure, is that some of the real estate “gurus” make more money selling seminars then they do on actual investing of their own. ”
We were saying this back before you wasted more $$ and time at that “university” in AZ. I hope their website has much more solid info, though again the four books I listed the other day that cost less than $80 in total gave me a great education, supplementing the hands on learning. I am not crazy about anything that has a monthly fee as it is easy to forget you have subscribed and pay long after you stopped using it. And they add up - hence no cable/satellite at my place, no Tivo, etc. And no $40/month real esstate educaiton - but at least you are saying (even if not fuly believing) that solid education and a slow and steady approach make sense. That’s a first.
January 23rd, 2007 at 8:34 am
Hey-
The reason R.K. isn’t on there is because….
*bum bum bummmm!*
he’s…
a…
CON ARTIST!!!!!
*GASP*
January 23rd, 2007 at 8:40 am
I’ve been using that word to describe you since I started posting. Now you delete it?
January 23rd, 2007 at 8:40 am
Rock/Casey/Hard Place
January 23rd, 2007 at 8:45 am
Every time I read “sweet deals” it just makes me laff. Now I’m off to see if I can get sweetdeals.com.
January 23rd, 2007 at 8:52 am
Craven, I’m tired of personal attacks.
Yes Jobu, that’s a good way to describe it.
Dan, there IS a little bit of upstart money but nothing to brag about. From a sponsor’s perspective its a risky thing just being on my blog because of all the negativity. So I’m thankful for them giving me a shot.
Ethical Realtor, yes I belive that you can definately become successful just off of one RE book that you don’t even have to buy, just go to the library. I have a friend that did exactly that and is making $10K/month wholesaling properties with no risk. When I saw that I felt just a bit un-easy because of all the money I sunk into education.
If a personal is frugal + go-getter they can definitely succeed WITHOUT huge investment. I’m not frugal but I AM a go-getter that’s why at least I took action (even if it’s wreckless at first).
If we both become millionairs in 5 years what does it matter that I spent 30+ grand while he spent nothing on education?
However, in the mean time, spending nothing sure beats paying those credit card bills, so NOT blowing a bunch of credit money in seminars is probably a smarter route, unless those seminars are REALLY worth it. (few are)
The REI.TV from what I have seen so far is a great way to go ‘cuz in terms of being frugal and still getting pretty good education. (And no, I’m not just trying to plug my sponsor)
January 23rd, 2007 at 8:53 am
Who is coming with me to the auction tomorrow?
January 23rd, 2007 at 9:01 am
Casey,
We and FBI are coming to the auction just for you.
Do not run.
January 23rd, 2007 at 9:02 am
Frank in SF, would you post your book recommendations for the rest of us?
January 23rd, 2007 at 9:02 am
another useless website, if they can not help casey then they’re not a good one.
why should we try it if it’s not a good one??
we are not like casey who is still in dreamland.
January 23rd, 2007 at 9:04 am
It’s not $30 or so grand on RE courses now, Casey. It’s $50,000+ now, adding in the Phx “school.” Which btw, is not in any way accredited, which means no accredited school will take those credits.
But $50,000 on real estate seminars. None of which you had to spend, if I’m not mistaken.
January 23rd, 2007 at 9:07 am
Just an FYI..
I am the President of both HBN and REI.TV. My name is Duane LeGate.
Casey is being compensated at a rate better than he was getting for his Google Ad Sense.
I am trying to work with Casey to do the following:
1) Stop chasing the shiny object.
2) Forget about real estate for a minimum of 6 months (one step at a time folks)
3) Monetize his best asset (technology and blogging skills)
4) Contact ALL debtors and work out a plan
5) Pay back over time everyone he as intentionally or unintentionally screwed.
6) No more seminars
7) Responsibility for his actions
Those are just a few things.
If I think that Casey can walk the straight and narrow, I will work with him. It has less to do with money to me that responsibility.
I cautioned him in the past about the seminars, corporate credit, etc..
I am hoping that Casey can turn the corner. If so, I will help him in any way humanly possible. If not, I will turn into one of those train wreck statistics.
The ball is in Casey’s court. But for 1 week (a start), he has done everything I have asked of him.
Here’s to a new start in 07.
January 23rd, 2007 at 9:08 am
Adblock is a wonderful extension!
http://iamfacingforeclosure.com/images/rei-tv.png
January 23rd, 2007 at 9:08 am
Yo yo Casey,
Me and Be’zhawn (and Starkeiha his honky chick) wanna mosey on down and watch.
Lop some boogie. ah’ gots me some business cards t’pass around and maybe dig some mo’e bbusiness outta da damn sale. ah’ gotss five cribs in escrow, all uh dem at least $80,000.
Woddy gives me great referrals at da damn bail bonds sto’e, but his clients is a bit, uh, low income. Now Ishon gotss lots some cousins who mosey on down by t’see me. When ah’ ’splain how baaaad some time it be to be stealin’ real estate dey see da damn way. Slap mah fro!
Ah’ closed 19 os Ishon’s cousin’ last year alone. I’ll be dere Casey. Slap mah fro! Come on by Woody’s at 14d and J about 7:00 and pick us down.
Mah’ Navigato’’s in de shop digtin’ detailed.
Word
January 23rd, 2007 at 9:08 am
“Craven, I’m tired of personal attacks.”
I was just kidding Casey. Chopper’s post has made me see the error of my ways. I’ll be slaving away at my 8-5 long after you’ve made it.
Good luck at your auction buddy. Let me know if you need some gas money and I’ll throw it in your tip jar.
January 23rd, 2007 at 9:17 am
“If we both become millionairs in 5 years what does it matter that I spent 30+ grand while he spent nothing on education? ”
But YOU ARE a millionair. ooops, it’s in debt. Cmon R U saying that you’re offering free adspace just for the advertiser to see if it’s worth it ? looooooooooool They should have asked you money for advertising on your site. You probably would have opened a credit line somewhere for it. tss tsss tsss
January 23rd, 2007 at 9:18 am
Bwaahahahaha!
Of course your sponsors snookered you in with the “it’s a bit of a risk, let’s see how it goes” ploy. They want to pay as little as possible cause they’re get this… sneaky profiteering businessmen! By the time next month rolls around they know your sh#@t has hit the fan and there’s nothing left to see here people.
Either you’re the most clueless person to have walked the earth or pretty damn slick. Pocketing the cash back moolah, adsense revenue and now place your own ads. Squirreling it all away in a Nevada holding corp with overseas parent and playing dummy dum dum on the blog to reel in the fishes and give the DA the impression you’re just the poor little drummer boy being marched off into the front line.
January 23rd, 2007 at 9:18 am
Casey– I’d love to stop by the auction tomorrow, but unfortunately I have a real company to run… (wasting my time reading your blog is bad enough!). But do take a good video camera and record the proceedings– we all want to see the action online!
January 23rd, 2007 at 9:28 am
Tibetan Monk say…
When leg on fire, most people get water and put out fire. Look at leg and say, oh, leg damage, very bad.
When real estate losing money, most people think very bad, doing something wrong, cut losses, get out.
When Casey lose money in real estate, he think very good, double down. Then Casey try to dump holdings, not worth valuable time. Now, time to buy new income property.
Even monk know bad time to buy real estate.
Sell real estate in year of pig. Buy real estate in year of blood in street.
Casey still grasshopper.
January 23rd, 2007 at 9:31 am
I think you should go to jail, but I certainly approve of you trying to make a buck off of this blog. The fact that you’re trying to profit from a crime makes you a true, red-blooded American, just like OJ Simpson. There’s nothing wrong with making a buck off of this blog. In fact, I wish I came up with the idea of trolling the public in a blog like this to make a profit myself. I also believe that your blog can get you upto 50% out of your current situation.
As for all the haters: George W. Bush is a miserable failure and people put him in office. So, in America, intelligence doesn’t matter. As much as I dislike your ways Casey, you are the type of fool that Americans like to prop up. As long as you’re white, anyway.
January 23rd, 2007 at 9:31 am
If I had the time, I’d take the drive down the coast from OR to attend the little auction shindig.
You’d be able to identify me as the woman with the long curly-hair, driving up in a fern-green Jeep and approaching you with her hand poised to slap some sense into your little mop-head.
I still have *no* idea why I care at all what you do, Casey. I’ve thought on it a lot. You have a tendency for self (and spousal) destruction, and it irks me so much that you cannot step back and see it for yourself. If this were anyone directly involved in my life, I’d throw my hands up and walk away–let them flounder in the choices they made. But I always feel compelled to come here and fuss. WHY?
I guess it’s the Trainwreck thing. I must have a morbid fascination with trainwrecks.
Get some perspective kiddo. You shouldn’t be focusing on schemes to make money in the future, when your world is imploding RIGHT NOW.
January 23rd, 2007 at 9:32 am
Yes, Jim is right.
Take a video of the auction and the action down there.
And if the FBI does come, keep the tape rolling….
Loads O Money
January 23rd, 2007 at 9:32 am
Casey
Just because you take the crap posters to this site hit you with everyday, and you don’t take the easy route out and run and hide, tells me in the long run are going to be more successful than any of your critics. Even though I am 15 years older then you in a weird way you have a become a role model for me, teaching me not to avoid my mistakes but to take credit for them and deal with the consequences.
January 23rd, 2007 at 9:36 am
Bob, thanks for your positive comment. At least there is *some* good that is coming out of all this.
January 23rd, 2007 at 9:37 am
Stephanie thanks for caring… even if it’s just a little bit.
January 23rd, 2007 at 9:39 am
::Glare::
January 23rd, 2007 at 9:39 am
Stephanie J . said
“approaching you with her hand poised to slap some sense into your little mop-head.”
I think Stephanie has the funniest lines on this blog hands down!
January 23rd, 2007 at 9:39 am
Duane of HBN and REI.TV wants me to “Forget about real estate for a minimum of 6 months”. That’s going to be very hard. Hey if we can find a way to pay back and/or settle my debts through some other vehicle I’m all for it. I’m not giving up on real estate though. Because I failed in a big way, I’m all the more determined to learn from my mistakes and success in a big way but do it with 100% integrity.
January 23rd, 2007 at 9:40 am
Why isn’t Kiyosaki sponsoring you, since he obviously helped you get yourself into this mess? Or is this blog press enough for him? What about Prleechbiz?
I’m also not seeing any ads for the MLM that you’re neck-deep in.
Perhaps whenever you get a lawyer you should ask him to advertise on the blog. We know how wonderfully that worked for your realtor. Then again, once you foreclose, you could become the poster boy for CCCS, because your unsecured debt is going nowhere.
January 23rd, 2007 at 9:45 am
Stephanie J -
See? Even “Legion” is smitten’….
January 23rd, 2007 at 9:49 am
Ahhh man…Kick Duane LeGate to the curb. It looks like he got you on a leash. This is your blog and you make the terms. Who does that fool think he is. I’m sooo disappointed in you Casey. He has the audacity to think that he can stop you from “Chasing that Shiny Object.” Tell him “I’m Casey MuthaEffing Serin, I’m 2.2 Million in Debt and you can’t touch me. And no one can make me dance like a monkey.” AHHHHHH I get it now. Losing to the monkey helped you learn from the monkey. Ok. Then keep dancing Casey monkey. And I’m pretty sure I could round up some people and collect some money to give us a better Casey show. How much would it take for you to take one in the nads or eat a log from Sputnik, or what about a slap in the face from “G.” I bet I could round up about $1000. And we’ll take suggestions too. You willing to dance for that Casey Monkey. What if I threw in some Jamba Juice gift certificates. That’s like saving you $35 dollars every time you go in. Sounds like a win-win deal to me. So come on and let’s work on this SWEEEEET DEAL.
January 23rd, 2007 at 9:50 am
Lets see, you’ve had $2 million in debt over the last year, a negative net worth, and you think you will be a millionaire in 5 years BUT YOU DO NOT BELIEVE IN “GET RICH QUICK”?
This is why we keep coming back Casey! We love you!
Can you blog directly from the auction? We know how much you’ve spent on expensive electronic doo-dads!
January 23rd, 2007 at 9:58 am
I would NEVER use a product/company/service that supports Casey. In fact, I would blacklist them immediately.
Your REagent must have realized I would do this, as would others, which is why she had you strike her name from the site.
You really should get a Jamba Juice ad on this site, but by all means, Casey, make sure they give you CASH UPFRONT, not just a discount on fresh squeezed orange or something.
January 23rd, 2007 at 9:59 am
Don’t get me wrong, I AM into get rich quick… relatively speaking. As long as its ethical and sustainable.
The problem is that I came up short in my first attempt on both of those qualities. So I am hoping to settle my debt quickly and move on to doing real estate the RIGHT way this year: no liar loans, no shady stuff, one deal at a time (even if its a BIG deal).
Perhaps compared to my first attempt, the second one will seem SLOW. But relatively speaking, compared to say, working a job until I’m 65 and HOPING there is going to be some money for retirement…
… well that’s REAL slow. (Nothing against holding a regular job and putting away money into a 401k, but that just seems too risky for me since there is no control over the investment and I’m more of a self-employed type of person so a regular job is hard for me to stick to).
So I believe in Get Rich Slow but not TOO slow. I believe in Get Rich Quick but not TOO quick (meaning, no more illegal short-cuts).
Say 1-5 years until I have $5,000/mo in passive income for my first milestone of “financial freedom”? Yes that seem aggressive but with the connections I have made and the stuff I’ve learned the hard way I don’t see why not.
Real estate and/or business ownership is the best way to go to accomplish that goal. That’s why I’m still at it.
I’m looking forward to working with REI.TV people in seeing how I can learn to do things the right way.
January 23rd, 2007 at 10:08 am
Casey - so, in 1-5 yrs, if you don’t have your passive income goal obtained, will you stop? Or will you keep trying, & all the while wasting away prime saving years? Are you going to keep trying to do this and then one day when you are in your 40’s realize you have nothing? THIS is the time to save money & work - time & time again, studies have shown that if you are in your 20’s & save $$ for less than 10 yrs (i.e., STOP saving), you will have more money saved for retirement than someone who started saving in their 30’s & saved until they retired (i.e., NEVER stopped saving). You are wasting this magic time. Get a real job that pays money - you can do IT work, or translation work….or….
January 23rd, 2007 at 10:10 am
Casey,
My 6th grade teacher used to tell us:
“I’m working on my third million…I failed the first two times.”
Keep at it.
For the board:
Do you remember those investors that were making so much money in Phoenix and Las Vegas? Here’s what happened to one of them…also young, also an immigrant.
January 23rd, 2007 at 10:15 am
Kevin, why not do both? Maybe I can do the get-rich-real-slow thing by putting aside some money into some safe investment every monthly while buying cash-flowing real estate at the same time to “speed things up”. While working as a full-time real estate professional of some kind (agent / loan officer / wholesaler / rehabber). Best of both worlds?
And on top of that running an income producing website(s) and doing website projects there and here for extra cash. Does that sound like a solid plan?
January 23rd, 2007 at 10:19 am
Welcome to “Casey’s” Endgame.
January 23rd, 2007 at 10:19 am
Thanks for suggesting these two productions. Knowing your past, everything that you suggest or do is contraindicated on its face. So now I know at least two additional things to avoid in addition to fat and salt.
January 23rd, 2007 at 10:23 am
“(even if it’s wreckless at first).”
Freudian slip? The word is reckless. Your deals were a financial wreck, but certainly not wreckless.
I always wondered what your business plan was. Buy a house make payments for three months then sell it for 20% more?
That’s not a plan, it was not feasible and you did not even buy low.
January 23rd, 2007 at 10:26 am
“If we both become millionairs in 5 years what does it matter that I spent 30+ grand while he spent nothing on education?”
Here is where you went wrong. Smart investor pays nickle on the dollar, you pay dollar on the nickle. Bill Gates bought the original DOS from a small potato programmer for 25K after he secure 50 million dollar contract from IBM.
You pay 30K for information not worth 1K. As matter of fact, the information you got is not only worthless, it’s harmful to you financial health.
As for 5K passive income. Stop deluting yourself. Everyone with interest paying bank account have a passive income. You only need 1.2 million sitting in the bank earn 5% to have 5K passive income. The trouble is how to go from -0.5 million to 1.2 million.
On another note, if you are actively manage your property, it’s not passive income. So if you have a rental, and you are do the property management yourself, it’s not passive income. It’s no different than work for someone else in a 9-5 job, except you are working for your tenant and property.
BT
January 23rd, 2007 at 10:28 am
This could not have been said better and sum’s up who Casey is:
“And I have read enough of your blog to know you have absolutely nothing of value for me to learn. In fact, I never thought anyone could be as naive, stupid, reckless and crooked as you. Until I read about your fiasco here of course.
I originally hoped you would learn your lesson, and get out of this mess. But after watching you repeat your same mistakes time and again and continue with your get rich quick scamming schemes, I hope you get serious jail time. Yes, you did knowingly rip off others bigtime, and you deserve to pay for it criminally. And not just a slap on the wrist either.”
January 23rd, 2007 at 10:29 am
Casey,
Either this website is a scam or you are so delusional you deserve spending the rest of your life digging yourself out from under your massive debt.
You are so completely inept at “finding sweet deals” that it must have become obvious to you now. You’re still young. Claim bankruptcy, do your time (if any, I’m no lawyer), and move on.
You can’t keep charging Macaroni Grill and Jamba Juice forever.
January 23rd, 2007 at 10:31 am
Congrats on finally answering questions in a relatively decent turnaround. I don’t want to push my luck but I am sure a lot of people are wondering what happened to Amy? Did she ask yo to take out all links of her?
January 23rd, 2007 at 10:34 am
Holy crap Casey! Not giving up on RE? Wow, you truly are either brainwashed by those lame, sucker courses you’ve taken or you aren’t the brightest bulb in the box
Some people have it and others don’t. You’re like the guy who keeps panning for gold at the end of the gold rush. You may have found a nugget to get excited about, but that is it. You are wasting time on RE. Here’s where I get positive (I was at the beginning until I learned more about your past) for a minute: Why not stop messing around in things NOBODY will ever let you dabble in ever again (c’mon, that’s like allowing a failed CEO to run the successful competitor, he isn’t good, he failed, he moves ON). Nobody, not Chris, not the banks (it will take YEARS to rehab your credit if you magically pay everything off soon, but since you have a foreclosure, it’s the same as having a BK in the eyes of a lender) or a homeowner would let you deal with them. Why would they? You FAILED. I can appreciate not giving up, but even Donald Trump would tell you to regroup and find your strengths.
Why not go to school and learn more about computer programming? Why not be a blog superstar? Oh I know why (critic in me coming…back…can’t….stop…it)…you are addicted to anything that you perceive involves as little work as possible. Problem here is you cannot accept that RE is one of the HARDER businesses to coast in. You cannot coast…period.
Proof is in the puddin’ young’un. You wouldn’t even drive 1.5 hours to do your fiduciary duties and keep tabs on your house. NO ‘entrepreneur’ worth his own salt would EVER make the arguments you made against doing your job.
NOBODY. So basically, stick to your strengths. Blogging and computer programming aren’t sexy, but they can make you tons. Just ask that Adbrite guy who keeps bugging you. He made a fortune on a site called F–d company which made bets on tech companies failing. He also ran a porn site that made tons. I at least respect him (grudgingly) but at least HE ran with low risk ideas that paid off.
And no, I don’t work for Adbrite and could care less what you do there. I am just using them as an example.
January 23rd, 2007 at 10:35 am
Hey, it’s good to see you’re maturing a bit, in realizing that making money at real estate could take time and preparation, and that the people to listen to are the ones giving specific, detailed advice and not fluffy, feel-good stuff. You won’t get rich nearly as fast as you still want to, but follow the slow-and-steady advice and you will get there. And, taking care of your debts over the next year or so (by debt negotiation or bankruptcy) will be necessary, as you won’t want to be buying properties when you’ve got those credit card/deficiency judgments against you.
January 23rd, 2007 at 10:35 am
Casey, you would need to get licensed if you want to be any of those things. I have doubts you’d do the necessary work to get a license.
Sorry kid, you prove people like me right everytime.
January 23rd, 2007 at 10:38 am
Casey, you are mental.
Get help, please.
January 23rd, 2007 at 10:39 am
“Anyway, this just experimentation stage to see if my sponsor is able to get any value out of my blog. After we see how things go we’ll be talking more about compensation and such. ”
Did I just read that right? Our Favorite Flipper Failure has also now failed to successfully monetize this blog…YET AGAIN?!?!? As always our FFF has failed to understand that they people are doing BUSINESS and trying to NEGOTIATE the lowest possible COST to themselves.
Casey never has understood that fact and will continue to over-personalize business transactions further digging himself into a hole he cannot escape.
CS, you never responded…have you packed your suitcase (complete with home juicer) or looked for “sweet deals” down in Mexico?
January 23rd, 2007 at 10:41 am
Stephanie J
I think I’m falling for you, too. You must have quite a following by now. Please tell me you don’t wash your jeep. PLEASE!
January 23rd, 2007 at 10:41 am
Casey - nope, it doesn’t. You need, as you said, “some money” & that you ain’t got.
By the way, you could never become a RE agent, at least in my state. You have bounced checks, and you are about to not be able to pay your taxes, & besides you would lose your license within a day for comingling funds.
January 23rd, 2007 at 10:43 am
If I were a lender and I saw what you had done to me, I would immediately go after the wages that you get from your blog. If your honest intent is to repay every dirty penny, then your blog is the only real estate that’s making you any money at all.
I still think that unless you somehow magically repay everyone back, you honestly deserve to go to jail for a very, very long time. I will be so disappointed in our justice system if you don’t go to jail. Poor people who have no income steal petty items and go straight to jail. You stole hundreds of thousands of dollars and are sitting around posting to the web. You are worse than a lot of bank robbers and that’s why people need to stop cheering you on.
Sure, I don’t like the banks. The real injustice is how you’re doing what you’re doing while common petty criminals who have less net impact on society than you do are doing time. There’s no justice in your situation and it should make people very angry.
January 23rd, 2007 at 10:48 am
“putting away money into a 401k, but that just seems too risky for me since there is no control over the investment
…
working a job until I’m 65 and HOPING there is going to be some money for retirement…”
You are mislead by those dream sellers. Your 401k saving is in your control you can put them in different funds depend on your 401k plan. You have full control, I move my funds around a few times a year. If you quit or change jobs, you can rollover to another 401k plan or an IRA with a brokage firm, you have even better control, you can trade day in and day out to your heart’s content. You can take money out after 59.5 without penalty.
If you are making good money and your company sponsor roth 401k, you can put money in roth and after 59.5 of age, you can take out no tax.
Even if you are not 59.5, you can stop working say 55 and live on your savings for a while until you are 59.5.
So 9-5 job is not as bad as the deam sellers make it sound. There is benefit of sick leave and vacation, peace of mind when you go home.
BT
January 23rd, 2007 at 10:55 am
@ The Original Kevin & Legion
Thanks guys. That’s sweet.
January 23rd, 2007 at 11:08 am
Why do some readers belive that the “auction” for CS’s property is going to be conducted on the premises of said property? I have a hunch it doesnt work that way.
BTW Casey youre not off the hook for this omission either.
You claim that you offer “education” here and then don’t even attempt to clear up elementary issues regarding real estate, contracts, or financing. And so this blog offers no concrete practical education on these matters.
January 23rd, 2007 at 11:08 am
While working as a full-time real estate professional of some kind (agent / loan officer / wholesaler / rehabber).
Loan officer! LOAN OFFICER?!?! Oh my gawd! You’d never get past the most rudimentary checks. I think maybe you ought to strike that one from your list. Personally, I think you might not even be able to get a job as a bank teller. Seriously.
Good luck with the foreclosure tomorrow — well, as if you could somehow have any good luck with it — and keep us posted. I’m sure not envious of what you’ve got yourself into, and you do have cojones to even consider standing there at the auction to see it. Keep us posted.
January 23rd, 2007 at 11:09 am
Casey,
Out of curiousity. Did you join Robert Allen, Russ Whitney, Ron Legard? Which one did you join?
January 23rd, 2007 at 11:26 am
I’ve learned something here. There are many valuable information being posted here. Of course, the “useless” information far out numbers the useful one.
FYI, Cassey, there is no such thing as GET RICH QUICK. The only “quick” LEGAL big bucks you can ever receive are from you parents (ie inheritance) or hitting the lottery. The problems with these two are your parents have to be rich first (which you have not much control) and the odds of winning the lottery is ridiculous.
The alternative is to use the capital you have wisely to build something of value. Look at all the top companies in this country. Everyone of them have to go through some heavy dose of working hard phase. Your hero Kiyosaki said to read successful biz people’s life stories, have you done that? Bill Gates used to program til late night, wake up, and program again for many years until Microsoft made it. Microsoft stock was traded for about $5 in 1988 (split adjusted, corporate action adjusted would probably make that more like $.50). You claim to be an entrepreneur/investor, but frankly, I am not sure what you are an entrepreneur/investor of? Entrepreneur means you have to bring something of value (a product, service) to the table. You either have a product to sell or have capital to buy a product (and improve) - invest. You have nothing.
To become a millionaire, you need to come up with a product/service or system that brings value. Five year is probably not going to happen, but 7 year is possible (see Google as example).
Also your misconception of working at a job is not for “entrepreneurs” is totally incorrect. Every founders, early employees of the “geek companies ” (MSFT, appl, goog…) all started with many entrepreneurs. They work flexible hours, but they believe in their products, have a vision and did it.
Good luck.
January 23rd, 2007 at 11:27 am
Casey, you do not have good ethics to be an agent, you will mess up client’s deal…. into foreclosures…..
I would not dare to hire you… to much liabilities…
January 23rd, 2007 at 11:35 am
“I’m all the more determined to learn from my mistakes and success in a big way but do it with 100% integrity.”
“So I am hoping to settle my debt quickly and move on to doing real estate the RIGHT way this year: no liar loans, no shady stuff, one deal at a time (even if its a BIG deal).”
So, do you intend to settle your debts with 100% integrity?
January 23rd, 2007 at 11:35 am
Casey, Casey, Casey:
Once you’re convicted of fraud (or any of the “violation of trust”-type crimes), you will be disqualified from becoming a real estate or mortgage licensee in every state in the US.
Seek treatment for your mental illness, and seek legal assistance. Your delusions are becoming more powerful and dangerous.
January 23rd, 2007 at 11:35 am
“Duane of HBN and REI.TV wants me to “Forget about real estate for a minimum of 6 months”……. (100% success)
Haven’t you already accomplished that? I think not paying your mortgage, forgetting about your utility bills, and having your posters tell you about an upcoming auction on your property is forgetting about real estate.
“Nothing against holding a regular job and putting away money into a 401k, but that just seems too risky for me since there is no control over the investment”
Priceless comment. I’ve never heard of a 401(k) going a half million in the hole.
But forget about all of that lame stuff and press on Casey!
January 23rd, 2007 at 11:36 am
Casey,
You said “Nothing against holding a regular job and putting away money into a 401k, but that just seems too risky for me since there is no control over the investment…”
I’m not trying to be a “hater” but either retract that statement or provide some justification because you’re doing a disservice to the educational mission of this blog by making that unsubstantiated claim. What do you mean by “too risky” and “no control”?
I believe at least some, if not most, 401(k)’s have a wide selection of funds to choose from (I don’t have a 401k myself, but I do have a Roth IRA in which *I* choose which stocks to buy and sell.)
Here’s some choices for the 401k and IRA investor:
- Want to be in low-risk cash? Money market funds are yielding 5% right now.
- If you have a pulse on real estate-related companies, look into a fund like Fidelity’s FRESX for instance (>30% return last year)
- Do you think the real estate bubble is popping? Then get out of those types of funds and diversify among funds that track indexes, or precious metals, or international markets, etc … the individual *does* have control.
- If you don’t like the choices (or lack of) in your company’s 401(k), you also have Traditional or Roth IRAs available to you. Look for a “no annual fee/no inactivity fee” IRA account at a discount brokerage and you can choose from as many mutual funds, CDs, cash, bonds, ETFs, and individual stocks as you want.
As for the “too risky” argument - that sounds like RK’s opinion of mutual funds rubbing off on you. As you’ve already learned, no investment is risk free… even real estate can have some down years
I’ve heard RK’s arguments against mutual funds and I don’t find them convincing. His main arguments seem to be (1) too many fees and (2) “too risky”. He’d say - just look at Enron and WorldCom’s employees …. Well, I would hope the high profile demise of those companies was a wake up call for employees to diversify across many types of funds and also a call for employers to offer a wide range of choices: stocks, bond funds, precious metals, real estate investment trusts (REITs) and international funds… If those employee had the choice to be well diversified and put only 5-10% of their money in their employer’s stock even when it went to $0, it would’ve just been a small blip in their portfolio.
As for RK’s “too many fees” argument, he cites John C. Bogle’s figures. Well, Bogle is a founder of (and believer in) Vanguard Funds and a big advocate of no-load, very low expense ratio index funds. I’ve never seen RK specifically address index fund investing - they seem to resolve his “too many fees” argument. He just seems to lump all “fund/401k” type investing together since real estate is just so much better!
January 23rd, 2007 at 11:36 am
How are you doing Casey? Have you consider any other business opportunities outside of real estate? I have been working on a web based business plan, but my web design skills are min. I can send you a copy of my business plan via email or fax if interested. Talk to you later.
Frank
January 23rd, 2007 at 11:39 am
“Nothing against holding a regular job and putting away money into a 401k, but that just seems too risky for me since there is no control over the investment and I’m more of a self-employed type of person so a regular job is hard for me to stick to”
That is by far the funniest thing you’ve written in months! A 401K is too risky?? Here’s your sign.
Risky is investing in real estate when you have no clue what you’re doing. Risky is buying real estate in other states when you cannot be there to supervise construction or show the property. Having a normal 9-5 job with a 401K is NOT RISKY. It’s normal.
If nothing else, learn this. You take risks because you want to. You like it. You enjoy the drama and the stress. Being an average working stiff would mean you just live like anyone else. Who would read your blog then? Right. No one.
January 23rd, 2007 at 11:45 am
Yeah Casey, that sounds like a solid plan - for any of us reading this, not you. I would almost lay money on the table that not a one of your audience is nowhere near as deep in financial ruin as you are. Now for the first agenda on your “solid plan” - when are you going to start working full-time? And let me see, you are going to concentrate on putting away money for a “safe” investment “while buying cash flowing real estate at the same time” when you haven’t even tried to make a dent in the debts that YOU have accumulated? And did you really just mention loan officer as one of your new wannabe careers?
Bwhahahahahaha!!!!!!!!!!!
January 23rd, 2007 at 11:45 am
“Does that sound like a solid plan?”
No it doesn’t. It sounds like you’ve put a whopping five minutes of thought into it. You have no money to put into anything. You claim you aren’t going to BK, so you aren’t going to have any money for a very long time. Besides, what you’re talking about would have been an OK plan before you bought 8 looser properties and screwed the pooch. Wake up, you can’t do anything until you clean up this mess. Your website’s success is owing solely to your mishandling of every aspect of your situation. Why would any other web endeavor you undertake be successful? Do you have some skills that you haven’t told us about?
How about this for a plan: get a good attorney, declare bankruptcy, try to get as much debt as possible discharged, and let the chips fall where they may. Then, see how you stand and figure out where to go from there. By that time all of the GRQ gurus will have moved on to their next big thing (gold, day trading, beanie babies, crack cocaine, whatever) and you’ll have completely forgotten about real estate.
January 23rd, 2007 at 11:55 am
I second The Original Kevin’s point: “… if you are in your 20’s & save $$ for less than 10 yrs (i.e., STOP saving), you will have more money … than someone who started saving in their 30’s & saved until they retired…You are wasting this magic time.”
Do this calculation on a spreadsheet:
1) Start at age 20 and go to age 60.
2) Save at a rate of $100/mo. and assume a 12% return (I know that return is higher than market averages, but we’re ambitious investors and for the sake of drama… hey, this is iamfacingforeclosure.com!)
3) At year 60, you’d have over $1 MILLION DOLLARS.
4) For the same rate of saving ($100/mo) and the same 12% return, start at age 35 instead of 20.
You’d end up with only $180k. That’s a huge $850k LOSS!
Well, 15 years is a long time… how much do we lose if we start at about Casey’s age: 25 instead of starting at 20? Well, at age 60 you’d have about $581k instead of over $1M! That’s about half of the money! An expensive 5 years of stalling.
January 23rd, 2007 at 11:56 am
Casey, you dont know what it is like to be attacked. Try being stuck in a Chinese prison for a couple of months. Then you get out and are asked by the president to basicly give up your life!!! You escape, nobody believes anything you say and because of this you are forced to co-operate with a former terrorist, kill one of your best friends, and now it is looking like my dad and brother are next!!!!
You dont even know what troubles are. I cant believe Stephanie is showing you compassion.
January 23rd, 2007 at 12:11 pm
Answer me this, please, Casey.
Where are you getting your information regarding 401k’s? Unless you are obviously trolling and just trying to rile up the ‘haters’, these are the kind of statements that just show you don’t know much of anything and blindly follow your gurus.
January 23rd, 2007 at 12:13 pm
And one more comment regarding your 401k “risky” post.
Let’s say your company matches 50 cents on the dollar up to a given deferral amount, you have a 50% instant return on your investment. And that’s exclusive of the initial tax break you get depending on your tax bracket. And your return could be much greater, depending on your risk tolerance.
There…and I didn’t even call you a ‘tard.
January 23rd, 2007 at 12:15 pm
You’ve got it the wrong way around, I’m afraid. Being successfully self employed takes more self discipline and focus, and those are not your strong suits yet. You’d be much better off working a steady regular job for a few years until you acquire those skills (and yes, being accountable to a boss at a regular job, as boring and unpleasant as that might seem, can help teach those skills).
Again, if you took a long, honest look at yourself, you might come to the conclusion that for all your “connections”, you simply are not terribly good at the fundamentals of real estate investing: You are neither good at assessing the value of a deal, nor at improving the value of a property, nor at dealing with the financial details. You overpaid for your properties, did not fix them up efficiently, were unable to sell them (except the one that you traded in for a bigger albatross), you got unfavorable terms for your loans, and you did not track the numbers well.
All of this might still have been profitable 2 years ago, when the overall boom covered for a lot of bad decisions, but it’s not likely to work anytime in the next 5 years. So why not take off a few years from ANY “investing” except for investing in your own skills and judgment?
January 23rd, 2007 at 12:18 pm
I can tell you with the utmost certainty that once your houses are foreclosed on your readership will grind to a halt. No one cares what you do once you’ve gotten past that point. I’ll just wait to read about your prosecution for mortgage fraud in the newspaper.
This is not to mention that there is already a growing outflow of people getting their Casey fix on other websites. We can and will avoid this site if that is what it takes to ensure you don’t profit from this.
January 23rd, 2007 at 12:27 pm
To Mr LeGate–I hope you understand how radioactive Casey is, and how it will negatively impact your business. You want eyeballs on your websites, but do you want them to be bloodshot, rage-filled ones (since that is the emotion Casey seems to engender in most readers)?
As a potential home buyer, I would never consider doing business with someone who affiliated themselves with Casey or similar charlatans.
January 23rd, 2007 at 12:29 pm
I’ll say it yet again…
You cannot buy property
There will not be any more real estate for you for a very long time, no matter how many ‘advisers’ you have.
You have no money!
No one will give you credit!
How the blap are you going to invest???
January 23rd, 2007 at 12:29 pm
@@Somebody
Indeed, Vanguard’s S&P Index Fund (.25% management fee per year), has outperformed 80% of all other managed mutual funds every year for the last 5 years.
Here’s my Savings and Investment strategy.
GOAL:
Retire by age 50.
Steps:
1) Max out 401c3 Plan (government 401k) and put money into long-term high risk fund. That’s 5% of gross salary + 4% matching per year, about 9K per year.
2) Max out contibution to Roth IRA which is invested in said Vanguard Fund (4% of gross salary).
3) Maintain continous stream of 3-4% return fixed-length CDs with rolling maturity dates for big purchases (rolling about 10K each year, earns some interest.
4) Invest in home and renovate
5) Invest additional savings into rental properties for managed income post-retirement (Have homes paid off by age 50 and earning rental income).
Ignoring home renovation and investment income potential past age 50, my annual savings rate is about 17%, 17K, and depending on RoR, equates to about 2-3m by age 50, or 125K in “passive” retirement income + rental property profit.
January 23rd, 2007 at 12:30 pm
I’m learning that its best for me to keep my mouth shut about my thoughts on 401Ks, college degrees, and working regular 9-5 jobs.
But yes, I agree, being self-employed takes MORE discipline than 9-5. I enjoy this aspect of it thought. Working on self discipline and personal development is a passion of mine (even though some will argue otherwise).
January 23rd, 2007 at 12:34 pm
“So yes, income property is not as passive as having 10 mil in the bank spinning off interest but passive enough for my requirements of 5k/month for a basic level of financial freedom.”
Casey - you seem to think you can buy a income producing property with borrowed money and make passive income. In order to do that, the property has to produce higher yield than interest on borrowed money.
But the truth of the matter is the yield is almost in parity with interest rate, there is no way you make any money this way. This is something they don’t tell you at those real estate seminars.
Cash is king right now. The best income producing asset right now is cash. The MM is paying 5% and you can take the money out any time. That’s what I call sweet deal.
BT
January 23rd, 2007 at 12:39 pm
Casey, my man:
What you don’t seem to comprehend is that the market is tanking. And while for many of us this will be a good thing, I can’t see how it will benefit you because by the time it’ll make sense to buy, your credit will still be toast. So unless you’re planning to do some sort of real estate scam (steal identities, etc.) or use one of your family members’ credit, there is simply no way for you to get back in the game.
You took a gamble. You tried to be a big-time rehabber/flipper/specuvester but the market turned on you. You spent the cash back @ closing (which is a totally different subject) on living expenses and trips to Hawaii when you should have used it to fix up the properties quickly to get rid of them asap. You got 100% (+?) loans which meant you couldn’t lower the price when you probably should have in order to facilitate a quick sale.
You got in the game too late. You gambled and you lost. Let it go. Maybe in about 7 years you’ll be able to get back in the game and if that’s your dream, then fine….have at it, but for now you’ve got serious financial issues that you must address.
I know you dislike the thought of a full time job because you think it means you’ve failed but (and I’ve mentioned this before) maybe if you just take a break for 5-7 years to fix the mess you’ve created, you’ll make better choices the next time around.
This is what people have been hoping you’d realize… that your situation is dire and there are no immediate sweet deals in store for you. I’m sure 60% of this board would be supportive and encouraging if you’d just keep it real.
You’ve chomped down (like a pitbull to a mailman’s leg) on this ridiculous real estate mogul dream and you really just need to let go now. The “haters” have simply been trying (unsuccessfully) to get you to unlock your jaw by spraying you repeatedly with the cold water of truth yet you refuse to listen.
Get a job, Casey. Use the income to supplement what little you’re earning from the sponsors on this site and start paying back your debts. When that is taken care of, you may create a new post to discuss your heartbreak over giving up the real estate dream (for now) and even vent about your frustration in being an employee. I think if you just kept it real and took these steps, half the “haters” would turn into supporters.
Good luck to you, kid. You’re gonna need it.
January 23rd, 2007 at 12:40 pm
Stephanie J … after post #36…I offer you the highest praise I can. Will you please be my f** hag?
January 23rd, 2007 at 12:40 pm
“Working on self discipline and personal development is a passion of mine (even though some will argue otherwise).”
That’s just more Tony Robbins BS propaganda. Personal Development comes from doing real things in the world, not bouncing on a big blue ball.
Do yourself a big favor and get yourself evaluated by a goog Psychiatrist. Get him or her to read this whole blog. Be completely honest about things. I’m not trying to be a jerk, Casey… only tryng to tell you the truth. I think you might find benefit from some med for ADD or Bi-Polar. It’s worth a shot.
January 23rd, 2007 at 12:42 pm
“That is by far the funniest thing you’ve written in months! A 401K is too risky?? Here’s your sign.”
*heh heh* Good one Modesto Girl.
With regards to Casey’s statement: that is a very narrow minded view of a very complex and lucrative investment mechanism.
A 401k plan via a company is usually offered through a brokerage house such as Schwab or Etrade. Now while some funds do carry loads and fees, many others are no load funds. And as indicated by other contributors to this blog, you are free to move your 401k investments from one fund to another to mitigate risks. Furthermore, many of those brokerage houses will offer upgrade plans to 401k brokerage offerings thereby allowing you to buy and sell index funds or actual stocks within your 401k should you choose to do so.
Regardless, a 401k is FAR more flexible a retirement mechanism than any of its contemporaries. Not to mention the company you work for in that “dead end 9-5 job” usually has matching policies whereby they also contribute to your 401k savings. And to top it all off, a 401k REDUCES your taxable income.
Part of the problem that is a side effect of this real estate bubble is people are under the false assumption that real estate outperfroms other asset classes. That is false. In general, real estate is the lowest performing sector, behind bonds and stocks.
As many real estate hypesters love to point out, a property purchased in 1980 worth ‘X’ is now worth so much more. Yet in comparison to purchasing even the single S&P 500 index over that same timeframe, the returns would have been substantially more.
Food for thought.
January 23rd, 2007 at 12:47 pm
Too much foolishness, so little time.
To a certain extent, Casey’s correct: there are risks involved with a 401k. Particularly a poorly managed 401k. Nearly everyone I know could benefit by learning more about their retirement investment options and taking a more active interest in managing/monitoring the allocations. But its rather specious to say that speculating in real estate (especially by an amateur) represents a safer alternative.
One other quick comment… Casey, the RE seminars didn’t cost you $30k (or $50k or whatever). They cost you upwards of half a million, or whatever you ultimately wind up having to pay back. You had a misplaced belief that they would properly prepare you to be flipper, when in fact they didn’t come close. Either their content was worthless crap, or you don’t possess the intellectual capacity to successfully execute with proper instruction (or quite possibly both).
Anyway, your plan to hire a professional management company to handle all the issues… my only comment is that you need to be very well capitalized to get a decent company to consider you as a client. For a large apartment complex, you’re talking several hundred thousand dollars (at least) in liquid assets outside of your real estate holdings. You could some bum off the street to do it for much less (obviously), but if you want an established, quality property management company, they’re not going to consider you as a client. They have a brand name to protect.
January 23rd, 2007 at 12:48 pm
Very Interesting responses thus far…
I had a lady call and leave a message on my voice mail saying she had a house to sell, but there was no way she would use our service because we are sponsoring Casey’s website. She suggested he is a crook and a criminal and she could be right on both counts.
Please, for all of you to understand, there is NO WAY that I am endorsing Casey’s past behavior. I do not condone the seminars he has gone to, the methods in purchasing both in terms of “liar loans” and cash back.
I do not condone him chasing after every quick fix strategy. I am for him contacting every lender and making amends. I am for him owning up to his responsibilities, no matter how painful. I am for him settling down and focusing on first things first and put real estate aside for a while.. the longer the better.
That being said I have had MANY conversations, beginning shortly after this blog went up. I see a young kid who is blinded by the “i want it now” syndrome that so many people his age are affected with.
My goal in supporting this website is two-fold.
One, business. I want people to learn that there is a correct way to build wealth over time using tried and true investing strategies. I believe with the launch of REI.TV, I can offer people true actionable content for pennies compared to what it would cost to buy a book or tape. I think there are investors here that might benefit.
Two, personal. Maybe I have a soft heart. Maybe I am certifiable, but I think that Casey can be shown the light. It may not be soon, but I think I can help. I want to help Casey as much as I can as long as I see him going down the right path. I am not here to control him, but slowly guide him.
I am one of the few that doesn’t want Casey to file bankruptcy. That whole concept reminds me of making life into a monopoly game. Lose it all, then reshuffle the deck and start over. If Casey is ever going to do things right and have accountability… its as good a time as any to start.
I believe that Casey has talent. It is raw and so is he, but I believe that talent can be developed.
I have worked with people in almost as bad of shape and helped them turn their lives around.
If you choose not to do business with me because I am trying to help, that is a personal decision you must make. If I see Casey “veer” off course… you wont have any sponsor to complain to.
January 23rd, 2007 at 12:49 pm
Casey said: “I guess that’s expected when I am a “scammer” in their eyes.”
How are you not a scammer, Casey? You knew what you were doing was wrong. You scammed the lenders, and ultimately society. You don’t have the reputation and the ethics to be in business, not to mention to work in a fiduciary duty position for any client. Good ethics and reputation are an ASSET, even if you are broke or bankrupt, but you don’t even have this. You are shady and greedy, period.
January 23rd, 2007 at 12:51 pm
Ohh.. one more thing…
Casey is a poster-child for what can happen when someone buys into the “Get Rich Quick” programs that are so prevalent in this industry. His story is not unique. He’s just choosing to tell people about it. Whether that is right or wrong, I can’t say, but I do know that his behavior and experiences would have had better results had he had true guidance and education regarding real estate investing, in the beginning.
Again, I am NOT endorsing his past behavior, but want to help guide Casey into doing the right things.
January 23rd, 2007 at 12:53 pm
@Adam - Jeep is pretty dirty, as all proper Jeeps should be–tho it will get a bath to remove those de-icing chemicals & salt–we can’t have my stompy baby getting rusty.
@Jack Bauer - If it *is* compassion; it’s a very sad excuse for compassion, because I’m still in slappin’ mode right now.
I’ve made enough posts for today–this must be a record. All this attention; I’m blushing.
But this isn’t about me. It’s about our little fair-haired boy here–and his selective hearing.
January 23rd, 2007 at 12:53 pm
“When I refer to passive income from RE I’m always talking about having a trusted property management company to runs it all. ”
Property manager in good position to scam Casey. Can take kickbacks from contractor, pocket rent on unit he tell Casey is empty, etc. Read what John Reed say about property manager.
It hard to find property manager who not cheat. You not good at telling honest from cheater. Even Ogg see that.
If you still serious, call Ogg. Ogg manage apartments for you.
January 23rd, 2007 at 12:55 pm
In all seriousness I would guess that 90% of the people who go to this blog are what you described in your #1 audience.
I can’t even see why a person who is in forclosure would come to this site for advice. All you give is horrible advice about what to do in this situation.
Please put up an online poll to find out who your real audience is because I think the numbers will scare you. Limit it to one vote per user.
January 23rd, 2007 at 1:02 pm
I’m glad that your learning little by little. Each person is different, yet you still a grasshopper.
Quote:”When I refer to passive income from RE I’m always talking about having a trusted property management company to runs it all.”
No my friend, before you learn to manage your team you have to learn how to manage your tenants. Believe getting rich 1-5 years is not possible. Learn to evict, fix your property, keep records, pay a property’s taxes, utilities etc. Only then will you say to yourself that you are competent of establishing your team.
I manage a 4 family house in Brooklyn. The experience is enlightening and I learned what not to do from your blog.
If you still want to get in this game, your first team should be: landlord/tenant lawyer, electrician, plumber (charging good estimates of course) try learning general construction yourself.
Getting a job in the meantime will help pay for necessities. You must get a job, you’ll learn to be more disciplined working for someone else than doing it yourself.
keep your head up kid, the sun still shining
January 23rd, 2007 at 1:03 pm
casey, keep up the good work on moderation.
January 23rd, 2007 at 1:03 pm
BTW, when you describe a “put money into real estate and have a team of professionals manage it so that I don’t have to worry about the day-day issues” is basically what a Real Estate Investment Trust is (REIT). Now a good REIT takes a minimum investment of at least $20k (many minimums are several hundred thousand), but they’re a solid investment vehicle for diversifying one’s portfolio to create some exposure to real estate. If you want to try getting rich off of real estate without the headaches (and enjoy limited liability), its going to be difficult for a lazy amateur such as yourself to beat the returns of an REIT.
If you want to get rich off of rehabbing properties, you’re going to have to get your hands dirty. You have to know something about construction. Its hard work and there’s no guarantee that you’ll make money. If that doesn’t appeal to you, then find another means of generating wealth so that you have capital to invest in a professionally managed portfolio.
But you’re putting the cart before the horse if you honestly think that you’re going to earn any sort of significant return by a) not having capital to begin with; and b) not work. That you still don’t understand this basic underlining of a free market economy leads me to doubt that you’ll ever enjoy success.
January 23rd, 2007 at 1:15 pm
92. Casey Serin said:
“I’m learning that its best for me to keep my mouth shut about my thoughts on 401Ks, college degrees, and working regular 9-5 jobs.”
It’s what you say about these topics that enrage the masses, Casey. Because what you say makes little sense. 401k’s are not inherently bad (my company matches up to 4%) and neither are 9-5 jobs. There is nothing wrong with the way many of us choose to live our lives yet it’s glaringly obvious that there is definitely something wrong with the way you choose to live yours based on the amount of debt you’ve incurred.
The fact that you are in such deep sh#t and won’t take the advice of many who are fiscally (and otherwise) more responsible than you are can be extremely annoying.
I come here mostly to read the responses. I barely scan your blog topics because it’s usually what I consider either flame bait or regurgitated guru nonsense. I think deep down I am truly hoping you’ll eventually get a clue. C’mon, Casey… make me a believer.
January 23rd, 2007 at 1:18 pm
@ Jack Bauer
You think we could get the count down effect going on this site? God knows there is enough drama from CS but the tick-tock could add a nice effect as the jail time comes closer and closer…
January 23rd, 2007 at 1:24 pm
Casey:
Please take a look at this link:
http://www.smartmoney.com/debt.....fl=myyahoo
and reconsider the whole bankruptcy thing. Then read this:
http://finance.yahoo.com/exper.....life/21845
and reconsider real estate’s “get rich quick” possibilities.
While I agree with your friend Duane that you’re a “poster child” for the damage these idiot gurus can wreak, I don’t agree that you’ve completely eschewed their advice. You’re obviously so enamoured of the idea of making lots and lots of $$ asap without a lot of effort that you’re worshiping in the cults of these RE idols.
PS — anyone who advises you not to declare BK doesn’t have your best interests at heart. It’s that simple.
January 23rd, 2007 at 1:26 pm
My favorite Casey Quotes:
“I’m more of a self-employed type of person so a regular job is hard for me to stick to”
“being self-employed takes MORE discipline than 9-5″
“I never again want to manage my own property…I don’t have the attention-to-detail Guardian personality for it”
You don’t have the discipline for a 9-5, so you are going to be self-employed which takes more discipline? Lack of attention to detail is understating it, you are too lazy to open the mail.
Get a job and and dabble in real estate on the side. However, with your lack of work ethic and lack of attention to detail, you will continue to lose your shirt.
January 23rd, 2007 at 1:34 pm
Yo yo yo!
Right on! Casey, mah’ man. ‘S coo’, bro. ah’ been dinkin’. Maybe ah’ should let Mocha mosey on down on waaay down t’Modesto wid Be’zhawn and Starkeiha. WORD! Mocha looks some lot likes dat dat fine femahnaine ladee chick A–, but wid some little darka’ skin and some supa finer Booty. Slap mah fro!
(I knows dis cause I’m some real-uh-ta’ and ah’ seen dat fine femahnaine A– ladee some few times).
Man dat dat fine femahnaine ladee chick be hot but Mocha be HOTTER. Maybe I’ll let ya’ sit in de back wid Starkeisha and Mocha. WORD!.. Man we be havin some time! Right on! ah’ can’t wait t’get t’de courdoue and watch. Lop some boogie.
It some fast roll, mah’ man. ‘S coo’, bro. Right off 99, waaay down J street. Man! Dey gots some whacked waaay downtown in Modesto. ‘S coo’, bro. De streets all go off at some kind’a funky 45 degree angle fum de west uh de city. Slap mah fro! We’ll dig us some 40’s and plum watch de acshun! Right on! You’s in?
After we’s watch all da action I’ll take ya ta uh restaurant. A real one. Barbecue. We’ll gots lunch an’ uh few mo’ 40’san’ be on our way. We’ll be back by 3:30 or 4:00 at da latest.
You wiff us?
PS: Be’zhawn says he can cruize, so ya won’t gots ta pay fo’ gas.
w0rd
January 23rd, 2007 at 1:35 pm
There once was a fellow named Casey
His real estate deals were quite spacey
That incomparable scammer
Belongs in the slammer
And should be dispatched like John Gacy!!
January 23rd, 2007 at 1:38 pm
@ Stephanie-I am passed slapping mode, I am into full “Jack Bauer, tie a plastic bag over your head, cut your finger off and feed it to you mode”
@Ogg-If Casey hires you to manage his complex you call me if you have any problems with unruly tenants.
BTW, Casey even CTU provided me with a 401k, nice match also. Yes it is risky as are all investments which is why you diversify. Plus, the risk is about a billionth less than one you have done.
January 23rd, 2007 at 1:49 pm
“I figure there are 3 types of people here: 1) train-wreck watchers 2) people interested in real estate 3) people facing foreclosure”
I would guesstimate that 90 percent of your audience falls into category number one. As far as number 2 and 3 are concerned, coming to you for real estate advice is like asking Lindsay Lohan advice on the path to sobriety or asking Mel Gibson to sponsor a Bar Mitzvah at the Wiesenthal Center.
http://drhousingbubble.blogspot.com
January 23rd, 2007 at 1:49 pm
Good job selling your two sponsors. Probably the smartest post I have seen you make yet.
January 23rd, 2007 at 1:50 pm
casey,
stop belittling people that go to college, get a degree and then get a “9-5″. i have comp sci friends that make more than you as interns.
our solution might not be sexy. it might be conservative or elitist. but guess what? it works. the sum of five summers of research internships for me results in
January 23rd, 2007 at 1:51 pm
“I have a feeling though that the larger amount of critics here just want to see me fail one way or another. ”
Very few want to see you fail. But they are pointing out that your actions in the last three months are going to guarantee you failure.
January 23rd, 2007 at 1:55 pm
“From a sponsor’s perspective its a risky thing just being on my blog because of all the negativity. ”
Wrong. What you have is valuable. It’s called traffic. Doesn’t matter if your site is negative, positive, upside down, rightside up, if you’ve got the traffic, it’s yours.
You have enough traffic now to ensure a $1500 a month income. If you aren’t making that much per month then you are seriously doing something wrong.
January 23rd, 2007 at 2:15 pm
There’s just this remarkable lack of understanding of how relatively efficient markets are. To use the standard stories, Our Boy’s business plan is basically about finding a lot of $20 bills lying around on the street. This is a bad, futile plan: other people will pick up those $20s, especially since Our Boy isn’t the fastest at finding these stray bills.
This is basically what your “$5K/month passive income” thingie amounts to. You want someone to loan you money, and you would use that loan to somehow squeeze out that much income above your interest service. So why wouldn’t someone else, who’s faster on the uptake, pick up that investment before you do? This is the equivalent of finding a load of $20 bills just lying around, only that we’re talking about an investment worth roughly $1M. Yes, you need about $1M to buy around $5K/month of passive income, and I don’t mean $1M funded entirely by loans.
Yes, there are sometimes arbitrage opportunities, but arbitrage opportunities are competed away quickly and ruthlessly. Hey, there’s even space in the market for real estate investors to bring distressed properties back into the market, but that’s actual work, in terms of arranging finance, doing rehabs, etc., skills that you haven’t demonstrated.
And there’s no point in ducking the 401(k) discussion, as your statements basically show your lack of economic or financial sense.
January 23rd, 2007 at 2:16 pm
“Working on self discipline and personal development is a passion of mine”
Working on self discipline means you don’t actually want it.
Planning and plotting and organizing and sorting are all ways to dodge having discipline. (I don’t mean that it’s bad to plan, I’m talking about the “I won’t act until I’m organized” excuses)
Discipline isn’t gradient.
It’s either on or off. At any moment you’re either solving your problems or you aren’t, you’re going deeper into debt or you’re not. ‘Working’ on discipline is meaningless. Unless you’re deranged (not out of the question), you know by now what you would be doing if you were disciplined. If you’re following that course, congratulations, you now have discipline; just keep going and you won’t lose it.
If you instead are f^%king around trying to make sweet deals and operating on fantasies rather than reality, then you are not, in fact, even trying to have discipline. You are instead telling yourself that you’re ‘working on it’ so that you feel better. Just like the people that have The Screenplay or The Novel that they’re never going to finish, but refuse to admit it so they can believe they actually care about writing.
There’s a good moment on House MD where he comments that people don’t actually want the things they talk about; if they really wanted those things, they’d go get them. The ones that really want The Screenplay sit down and write the bloody thing; the ones who really want discipline live it every day.
January 23rd, 2007 at 2:16 pm
Some fun with words …
Anagram:
Casey K. Serin = A risky scene.
Palindrome (for the Trail(s) he will be attending):
Serin evening? Oh … hog nine venires.
January 23rd, 2007 at 2:18 pm
Duane LeGate. President of both HBN and REI.TV - “Casey is being compensated at a rate better than he was getting for his Google Ad Sense.”
Are you saying you are paying Casey more than the $70 he earned in October? Or more than the $5k he would have earned for the full month of December, if he had not got done for click fraud?
There’s a huge difference between the two. Just as there is difference between what Casey says and what the actual truth is.
My guess is you are paying him some sort of commission or kickback on sign ups that are generating from this site.
———————-
@ Casey - You talk about the magical $5k passive income target per month. Do you not realize your monthly burn rate is around $20k per month? You and your free spending G. couldn’t even afford to live in one of your overpriced sh*tboxes making $60k a year.
As far as forgetting about RE for six months, you’ve pretty much done that with your POS properties the last six months.
January 23rd, 2007 at 2:23 pm
Wow, I just saw the casey flowchart for the first time, classic!!!
http://www.freewebs.com/creepy.....Chart.html
January 23rd, 2007 at 2:25 pm
hi casey!
good work on getting ads but is the post from duane authentic - he seems awfully condescending and unprofessional to be saying things like ’stop chasing the shiny objects’
the people you choose to listen to constantly amaze me! fiind some positive influences
January 23rd, 2007 at 2:27 pm
Duane Legate:
You have a lot of work to do. Aside from his delusions of being a RE mogul, our friend is inherently lazy, wants something for nothing, has no concept of real work, and has no concept of money management. He doesn’t understand living within a budget or post-poning instant gratification, whether it’s charging a bunch of stuff on a credit card or rewarding himself with a Jamba Juice while at the same time overdrawing the account that he purchases said juice with, making cost of said juice $37 some odd dollars.
I hope you have experience de-programming brainwashed cultists, because in all seriousness, that is almost what you are dealing with here.
Good luck to you.
January 23rd, 2007 at 2:28 pm
casey when will you stop lying…
i couldnt find the reference,
where exactly did casey say ill give them an plug (essentially no longer really making a new blog update but a psuedo advert not even disguised as a casey update)
we’ll see how it goes?
casey thats like BMW wheatpasting my car and saying we’ll figure out some compensation when we see how it goes…
casey, nobody really will go buy a beamer and say i saw you put graffiti on my.dumberer’s car,,even if 500 people did, whos to say casey can make them pay anything…
you see casey you GOT SUCKERED AGAIN!!!
they got something for nothing or the promise of an undefined something on undefined terms,
when the sheet hits da fan they will prob just be tipping you $20 into your commisary account (thats your prison allowance, sorry no jamba juice)
YOU ARE NO NAIVE, YOU KEEP GETTING TAKEN OVER AND OVER AGAIN,
January 23rd, 2007 at 2:31 pm
@5. Casey Serin
There is one other type that you fail to mention: those who want to fail and are actively taking steps to push that along.
Casey, the mortgage fraud thing is really picking up steam. From CO to AZ to FL, lots of people are doing sneaky things to get money from the lenders. As the market retreats and appreciation is gone, these things are being uncovered.
I’m not saying that you were defrauding the lenders on purpose just to get the cash back, but your story has all the elements of the intentional fraud and can be spun so.
You won’t shut down the blog….fine. But make some changes so the haters go away.
1. Report on the activities that involve your situation. Contacts with banks, lenders, buyers sellers.
2. Report only factual information. No more supposition, no more ‘I think…..” or “I’m going to…..”. No more dreaming about the future. If you have a plan to get you out, post it as an full plan (including steps, benefits, intended outcomes and risks. A short list of goals or intents is just more meat for the tigers.
3. No more personal information. No bills, no statements, no cleaning out the closet stories. No Jamba Juice or Starbucks This is just fodder for the negative comments.
4. Be transparent. If you are going to share, share completely. If you are going to keep things private, don’t mention it at all.
5. Be active. Post twice a day. Short posts about things you’ve actually done to extract yourself.
6. Read your posts before you publish them. If they contain anything extra that is not directed to RE, rewrite them.
Here’s the problem…… The haters make the blog interesting and make up most of the traffic. This drives up the value to the advertisers. But the haters won’t buy from your sponsor, only create click-fraud. If the haters go away, the traffic on the blog will be very low.
It’s a classic Catch22:
- You need to feed the haters to create the traffic
- But the haters traffic is detrimental to your situation and to your sponsor
If you get rid of the haters, you get rid of your traffic. If you keep the haters, you…..well…..get this type of blog.
January 23rd, 2007 at 2:34 pm
“I believe that Casey has talent. It is raw and so is he, but I believe that talent can be developed”
No dis-respect intended. And believe me, I am not trying to sound condescending here, but are you kidding me?
To draw an analogy: a person looking to find the next golf legend decides to visit the local course. Before him stand several individuals. The first one, despite his young age, has incredible talent as evidenced shot after shot. A second individual stands adjacent to the first. A little bit older and less consistent, but still a decent talest nonetheless. The last in line is a slightly older kid, working feverishly and trying desperately to strike a good shot. Yet despite his raw desire, the shots often miss their mark, leaving the youth frustrated.
Now you, as the individual looking to find the next golfing legend, has a decision to make. Whom do you choose?
The point is, there is no raw talent here. The paper trail itself speaks volumes as does the posts of our resident “entrepeneur”. While one can applaud giving it the ‘good ol’ college try’, this is a no win scenario.
Raw talent is evidenced at a young age. What Casey has demonstrated is that he is looking for the least common denominator: instant gratification with minimal effort. And his mind has been poluted by the rhetoric of shills such as Kiyosaki, the P.T. Barnum of the modern era.
You want raw talent to exploit? My suggestion would be to find an individual with a proven track record of SUCCESS. The same logic applies in all other arenas, so why not here? If you were a hiring manager at a company, do you hire the person with a proven track record or do you opt to hire the one with a history of failures?
January 23rd, 2007 at 2:35 pm
Yup, sean-sisb is correct.
But you’ve been told many times to get other ad revenue, advice you ignore, as usual. Paster the site with ads and start repaying your debts!
I wish I could get 1500 per month doing a blog, but my story is too, too boring. Same bank account for 33 years, never bounced a check, never paid a bill late, ….boring, but I do have a high FICO.
January 23rd, 2007 at 2:43 pm
I love the 9 to 5er posts about how Casey isn’t headed toward failure.
Now you see how it works, cubers. Casey is making a cool $2,000 a month in sponsorships on this web site. That is passive income! Sweet Deal! Cost? Pennies for hosting compared to the returns.
A little more of that and he’ll cover his credit card payments. Then short sales or foreclosures and the homes will be gone and he’ll be back in the green.
You see.. some of his investments didn’t pan out. But those are getting cleared out and he will be left with a nice chunk of passive income and no need for a 9 to 5 cube job.
$2,000 a month is $24,000 a year. It is the same as a FULL TIME JOB BEING PAID $12 PER HOUR.
That’s more than anyone working a horrible restaurant job makes and he doesn’t have to do ANYTHING.
That is how you make money. Watch and learn as Casey fails in one area but then figures out what went wrong and ends up with real income.
Casey, that is a sweet deal. I sense more sweet deals around the corner and with the real estate market picking back up (haters.. check the homebuilder stocks again today, up again, look at TOL.. then tell me the market isn’t going back to what it was) you should be making money in real estate again in no time flat.
January 23rd, 2007 at 2:55 pm
I admire your honesty, I to got going on the blog thang’ to help others…and it’s nice to see their results…
January 23rd, 2007 at 2:57 pm
Casey said:
I’m learning that its best for me to keep my mouth shut about my thoughts on 401Ks, college degrees, and working regular 9-5 jobs.
There’s nothing wrong with acknowledging that you, personally, don’t have the temperament or inclination to try a particular style of investment, or pursue a 4-year degree, or do salaried work. However, you DO alienate even your more sympathetic readers when you generalize to say that these things are a waste of time for everybody.
There exist solutions to many of the issues you cite with respect to fund investment:
You’re correct that you can’t predict the movement of the stock or bond market in the short term, but the same is true of the real estate market. However, you CAN control the degree of your exposure to particular sectors of the market through careful index fund selection. Once you find an allocation that you know you can stick with, you can ride out unpleasantness like the 2001-2003 market dip without losing a bit of sleep.
A lot of 401(k) plans are laden with extra fees. You can invest just enough money in these to get matching funds from your company, and then roll over the 401(k) balance to an IRA at the first opportunity. Or you can petition your HR folks to add lower-cost options.
You also have the ability to invest in an IRA, Roth IRA, or taxable account on your own. Here you can control costs by selecting no-load funds without redemption penalties. You can minimize the tax bite in a taxable account by purchasing index funds (which have very little turnover), using tax-loss harvesting methods, and selling funds with capital gains only when you really need the money.
Naturally, stock and bond investments shouldn’t be the only ones you make, but they should have a place alongside real estate in a well-diversified financial plan.
Please stop by the Diehards message board (http://www.diehards.org) if you’re interested in learning more about index investing!
January 23rd, 2007 at 3:03 pm
==> Casey said “(I might actually use them to help me find a new Realtor and/or investor for my New Mexico and Burdett properties).”
Casey - why would you NOT use them if they are sponsoring you? That confuses me.
==> Casey said “they are very picky about selecting their local investor partners. For example they wouldn’t let me take the Sacramento area”
Yes, that does speak positively of their judgement.
January 23rd, 2007 at 3:08 pm
==> Casey said “…I had to find a way to monetize this blog but I didn’t want to go with Google AdSense …”
I’m confused again - did you even have the choice to use them? Aren’t they the ones you used, then had too many clicks from your viewers, and they cancelled?
January 23rd, 2007 at 3:08 pm
Re. the train wreck/real estate/foreclosure breakdown - I think a lot of us who have fallen into the trainwreck category started in the real estate category and we are quite knowledgeable about it - it was only when advice was repeatedly ignored that we added train wreck watcher to our resumes…
January 23rd, 2007 at 3:11 pm
No, I’m not selling email addresses, if I was, I think by now you would have seen more evidence of that… and I’m not deleting posts just ‘cuz I feel like it… I told you several times I only delete stuff that’s too vulgar or too much of a personal attack and also posts that talk too much about G., A., Chris and University, only because I was asked to not have full-name references to those entities on the blog. Yes, of course you can learn about this stuff on other blogs talking about me but be careful because a lot of it is blow out of proportion is down-right incorrect.
Now some updates on Modest foreclosure:
Talked with Larry the Modesto agent and he said the lender is unwilling to negotiate with him because the authorization to release information I signed doesn’t look legitimate. So I had to call and give them verbal permission to allow my agent to negotiate on my behalf.
Also Larry was told yesterday that they will usually need a non-refundable fee which equals to a month’s payment to delay the auction tomorrow. I told him I don’t have any money so he is going to try to have the buyer pitch in.
We have a strong cash buyer who is offering 270 and is ready to close as soon as title can do the paperwork. So at this point I’m waiting to her from Larry to see how it goes.
We’re talking 11th hour type of stuff here. I wish I would have found out about Larry earlier. So far he has been working very hard to get this thing through. I appreciate hard work when I see it.
Duane LeGate’s of House Buyer Network comments: thats the real deal, not a troll. I’m thankful for Duane to consider working with me and helping me get on the right track. I appreciate his encouragement for me to pay back the money or settle the debt in an honest way one way or another.
January 23rd, 2007 at 3:17 pm
lets first start with a compliment:
things have changed. it seems.
Casey is getting things done.
he is working on (or having other ppl work on) his properties.
thats a big difference from a couple of days ago… he wasnt even moderating back then!
keep it up Casey, I am not a cheerleader, I just hope you dont do as much damage as I feared a few days ago. you are still headed for disaster, but maybe this helps your case a bit.
oh, and stop dreaming about RE. not gonna work for you!
and as for the mrs.: I dont think she’s that hot. just an average, girl next-door. nothing to complain about, but nothing to get exited about either (by the blogreaders).
January 23rd, 2007 at 3:20 pm
Thanks for the advice Casey!
Based on your fantastic outcome, I will avoid these like the plague! And I will tell all my friends to do the same.
If they are associating with you, something is terribly wrong.
January 23rd, 2007 at 3:22 pm
“Working on self discipline and personal development is a passion of mine”
I don’t want to see you fail, and I don’t care one way or the other if you eventually succeed. It’s your game to win or lose. But I would like to see you eventually face reality. Your self-perception does not in any way reflect the truth. You haven’t shown discipline in anything since you’ve started this blog (early rising, opening mail, moderating, posting, responding, taking care of your accounting, etc. etc. etc. x infinity).
The biggest problem here isn’t your investment methodology, it’s you. Everything else is moot until you fix yourself. Honestly, what are your strengths? I’m sure there are a few that you’ll list off of the top of your head, but what evidence are you basing that on? You can’t focus, finish a task, prioritize, or even remember when your freaking homes are getting foreclosed. And yet you say things like “self-discipline is a passion of mine”. You don’t even know how to be honest with yourself much less anyone else.
I honestly can’t see any reason why you would ever be a successful real estate investor. Just saying something doesn’t make it so. If you’re so disciplined and determined, what steps forward have you accomplished (spare me the fail forward b-s) since you started this blog? You need to do some soul-searching, holmes.
January 23rd, 2007 at 3:23 pm
“I wish I would have found out about Larry earlier. So far he has been working very hard to get this thing through. I appreciate hard work when I see it.”
The great Victorian humorist Jerome K. Jerome put it rather more eloquently in his classic ‘Three Men in a Boat’:
“I like work: it fascinates me. I can sit and look at it for hours. I love to keep it by me: the idea of getting rid of it nearly breaks my heart. You cannot give me too much work; to accumulate work has almost become a passion with me: my study is so full of it now, that there is hardly an inch of room for any more.”
January 23rd, 2007 at 3:23 pm
The truth is Casey is going to make it. He has no fear. He feels no pain. No embarrassment. He is incredibly smart or very stupid. It doesn’t matter, both types get rich. That’s what he wants, that’s what he is going to get!
Please remember me when you make it big Casey.
January 23rd, 2007 at 3:25 pm
Has Chris fired you yet Ca$ey ?
January 23rd, 2007 at 3:31 pm
==> Casey said “…I never again want to manage my own property. …I’m always talking about having a trusted property management company to runs it all. Of course, I would still need to “manage the managers” so I do need at least some basic understanding of the process.”
Casey - I (in multiple previous incarnations) and others keep asking you the following question, and can’t get an answer:
You keep talking about “team of advisors”, having “property managers” do the real work, etc, etc…
*** What value do YOU bring to the table? ***
You don’t have any money, you don’t have experience, you don’t have leads, you don’t have good (non-scam) contacts, you don’t have organizational or financial skills. Why, then, would experienced people be on “your team”. In fact, why would they want you on “their team”?
Serious question that you should be asking yourself.
I’m in consulting and you can’t survive in this business without knowing things your client doesn’t know, and/or being able to do things they can’t do. If you don’t add personal value, you’re dead.
Assuming you’ve read this far (and I don’t; you appear only to do a quick scan for G’s name, personal insults, Chris info, etc) —
WHAT VALUE DO YOU ADD? You really need to think this through and be honest with yourself.
January 23rd, 2007 at 3:43 pm
Well, it’s nice to see Duane LeGate saying many of the same things publicly to you that we’ve all been saying for months.
Duane - I LOVE your “shiny” statement; others have used that word in the past - maybe you can get through to Casey where others weren’t able. Good luck (you’ll need it)!
January 23rd, 2007 at 3:49 pm
“We’re talking 11th hour type of stuff here.”
Casey - when you wait until the last minute to do things that folks told you to do months ago, a number of tricky things need to come together in a very narrow window. It usually doesn’t work. You had the same problem when you went to play with RK’s team in Phx instead of mailing the Dallas DIL - that 2 week delay cost you your first foreclosure.
“I appreciate hard work when I see it.”
That’s a good step - you know hard work when you see it. Now, please, please learn to do it.
January 23rd, 2007 at 3:55 pm
Casey: Where’s that Top 5 list you said you’d post?
Still waiting…
You’re loyal critic (Not a hater)
Dolph.
January 23rd, 2007 at 3:56 pm
…and p.s. I meant to put You’re instead of Your (correct) just to mess with you.
Bwahahahahaha
January 23rd, 2007 at 3:57 pm
Fair enough on the University comments. You answered, I do not understand NOR do I accept the explanation, but I will honor that.
Now back to picking on your lazy ways.
January 23rd, 2007 at 4:04 pm
Casey, where’s the courthouse for tomorrow sale? What street and town? And what time is the sale?
January 23rd, 2007 at 4:09 pm
Holy cow, I didn’t realize it was A** who dropped you, I thought it was Larry. So no Sacramento short sales then? And we have to call her A now? How long before we have to refer to Larry as L. Will Savvy Chris eventually be SC? Duane, I’ll save you some time and go ahead and dub you DL now. Plus, it works out in your favor because you can then say stuff like “Yo flippas, keep it on the DL” in your ads, which sounds smooth and the ladies will probably dig it.
For the record, I think harassing A and DL with emails and phone calls is pretty lame.
January 23rd, 2007 at 4:12 pm
Casey, I don’t care if you post this or not, but please, go back to comment # 94 in this thread, written by “T”. It says everything I wanted to say, and a lot that you need to hear.
Print it out, stick it to your desk, and read it until you know it by heart.
January 23rd, 2007 at 4:19 pm
Endgame Observer…. what do I bring to the table? I believe I have been blessed by my Maker with an intense curiosity and the ability to spot opportunities (and being in the right place and the right time or the WRONG place at the WRONG time depending on context).
Currently I am in the position to bring BIG opportunities/deals to the table and bring key people together. How?
I have made lots of interesting contacts through having so much exposure. People email me on a daily basis with opportunities. I actually have too many. Everyday I open my inbox and mine my emails for gold nuggets of opportunities and the makings of a sweet deal.
Even this connection with Duane and of House Buyer Network and Real Estate Investors .TV for example… it sort of just presented itself without me having to actively pursue it. (Thanks to John of Forsakencraft.com).
How about my meeting with Robert Kiyosaki (Thanks to PrLinkBiz of NoLimitsLadies.com). No matter what you think of RK, it’s a rare thing to be able to talk to that guy in person. What about that old deal with the East Coast mentor? Sure I screwed that deal up but that’s not the point.
The point is opportunities just come to me. It’s kind of magical. I just have to be careful to take advantage of it properly. Sometimes I have to go with my gut, other times my gut is too impulsive so I have to go with my logic. Sometimes both.
I can’t take the credit though, I was just writing my story and not even asking for any of this exposure. However, when the exposure came I ran with it…. and still running.
A good friend of mine told me that starting this blog was the single worst AND the single best thing I could have done.
The idea of starting this blog came to me back in late August 2006 and I seized the moment and launched it within days. From the very start I have been brutally honest (sometimes too honest in a naive way) and the blog become controversial and caught on fire in the media. Now this blog is opening all kinds of doors. It’s a crazy adventure!
Having said all that, I have several good things in the works but nothing is solid enough to really speak of. Every opportunity takes time to put together and lots of “putting the pieces together” in a creative way.
That’s why my ideal job would be to devote 100% of my attention to establishing connections, identify opportunities, and putting together deals on high level - brainstorming and making a rough draft.
Once there is a draft, it goes to the professionals and bean-counters to spot holes in my ideas so we can improve upon it until we have a sweet plan. Then we delegate the execution of the plan to people who are highly trained in each particular area.
That’s how I see myself operating. So I need to surround myself with really smart and capable people who genuinely care for me and whose advice I can trust. Building such a team will be one of the keys to moving forward.
Man I wrote a whole essay….
So to sum it up…. here is what I bring to the table: creativity, curiosity and a positive attitude to spot opportunities and make connections and then the courage (or naivety) to take opportunities head on.
January 23rd, 2007 at 4:21 pm
Hey Casey,
You say your in Real Estate right. And you have said that you want $5000 per month in passive income.
Well real estate is all about numbers, no emotion, just numbers. You’ve written down your goal of $5000/month in passive income. Can you explain exactly your plan to acheive this. Please provide as much detail as possible. For example, how many houses a year do you need to buy? At what price? What is the expected mortgage? What are your payments? Please give a detailed return on investment - showing the NOI, cash on cash return etc..
Loads O Money
January 23rd, 2007 at 4:25 pm
MUNCY FORECLOSURE DELAYED! (90% SURE)
Just heard from Larry, he finally got a chance to speak with a negotiator at Countrywide and she said that she put in a request to delay the trustee sale. She told him she is 90% sure it will be delayed. So I guess I will not be going to Modesto tomorrow after all. Now we’re going to wait to hear back to see if the 270 offer is going to be accepted or not.
January 23rd, 2007 at 4:27 pm
Man it’s been a long day… I’m gonna go take a nap… be back in an hour or two.
January 23rd, 2007 at 4:35 pm
Bofore my nap…
@Loads o Money: you’re trowing too many hard questions… at me but those are good questions…
Here is a start. The basic idea I got from David Lindahl the apartment guru who’s bootcamp I attended last year is this. If you’re buying undervalued apartments from distressed sellers the way he teaches you can expect the following:
$2,500-3,000/mo NET cash flow for every $1,000,000 of value. (including all costs, management and debt service)
I’m sure there are many assumptions that go into that and a down payment somewhere in there to account for as well.
Now say if I borrow the down payment money (via a partner or an unsecured secured line of credit) the cash flow is going to be less to account the additional debt service or cut to the partner.
Again this is just a start and if that rule-of-thumb is correct than to me it doesn’t seem so hard at all. Very achievable.
January 23rd, 2007 at 4:38 pm
@Bubblewatcher
“PS — anyone who advises you not to declare BK doesn’t have your best interests at heart. It’s that simple.”
Two reasons I think he should not.. 1) He needs to be held accountable for the financial losses of others. 2) I think that if he files bankruptcy, the lenders will come after him for fraud. That is why I am suggesting he contact the lenders ASAP and work out a plan.
I am not schooled in bankruptcy law. What I believe though is that he should make EVERY effort to make those who lost totally whole.
@Vague Guru
• “Are you saying you are paying Casey more than the $70 he earned in October? Or more than the $5k he would have earned for the full month of December, if he had not got done for click fraud?
There’s a huge difference between the two. Just as there is difference between what Casey says and what the actual truth is.
My guess is you are paying him some sort of commission or kickback on sign ups that are generating from this site.”
It is more than the 70. It is more than the last check that I am aware of. I have never heard the 5000 dollar number, but it is not that much. I will let Casey disclose our arrangement if he wishes . No, I am not paying any kickback or commissions.
@Jobu
• “I hope you have experience de-programming brainwashed cultists, because in all seriousness, that is almost what you are dealing with here.”
You are CLOSER to the truth in that statement than you will ever know.
@Mayhem
No dis-respect taken and I don’t think your post was condescending. In your analogy, the last golfer keeps whiffing, and finally gets fed up and sings a beautiful melody. The golfer HAS talent, just not in golf, but singing. In this analogy…. I sign him to a record contract and let him play putt-putt with my used clubs. The talent I was referring to has NOTHING to do with real estate. The kid has good tech skills. I let 2 of my top tech guys speak to him and both said he has great potential.
BTW, today we officially launched our new website. Our traffic exceeded our wildest expectations and when I was told of the development, I said “SWEET”. I couldn’t believe it… I almost choked on my tongue.
January 23rd, 2007 at 4:44 pm
“Then we delegate the execution of the plan to people who are highly trained in each particular area. That’s how I see myself operating.”
Casey, you will be successful if you start delegating your naps to someone else and instead EXECUTE. No one has gotten far by delegation only.
January 23rd, 2007 at 4:52 pm
@Duane LeGate-
Congratulations on your new ad campaign. I guess it was too late to buy signage space on the Hindenberg. May I please offer up the following similar advertising techniques and unique partnering opportunities in case another reader is looking for great publicity and has missed the Serin Gravy Train:
1. Product placement in the new Vanilla Ice video
2. OJ Simpson, spokesman for Ginzu Knives
3. Discount lighting at Enron dot com
4. Sago Mine Oxygen Bar
5. Sonny Bono’s Ski “University”
6. The Rosie Odonnell diet plan
7. Superdome Security Services
Good luck, dude. I’m glad you had some possitive conversation with Genious. I’m sure your decision to sponsor this blog will pay off- Casey never let’s anyone down who has trusted him or shown good faith.
January 23rd, 2007 at 5:01 pm
Before you take your nap answer this
Has Chris fired you yet Ca$ey ?
A simple yes or no will do
January 23rd, 2007 at 5:02 pm
“The point is opportunities just come to me. It’s kind of magical.” - Casey Serin, Iamfacingforeclosure.com
There it is folks, your quote of the week. Casey, you are on fire today!
January 23rd, 2007 at 5:02 pm
Ca$ey says
“So to sum it up…. here is what I bring to the table: creativity, curiosity and a positive attitude to spot opportunities and make connections and then the courage (or naivety) to take opportunities head on”
The only thing you bring to the table is the ability to get yourself in deep debt
January 23rd, 2007 at 5:03 pm
God, I feel like a broken record…
You can no longer borrow money
You can no longer buy property
How the heck are you planning to get people to invest with you when you can’t invest??? Who’s going to risk their credit for you with your current track record?
And you do realize that the vast majority of these ‘opportunities’ are either people who see you’re a sap and want to cash in, or else are people who just want to use you as a photo op to further their own goals?
Of course people are flocking to you, you’ve shown yourself to be a colossal sucker with your money. It’s kind of like joining a college fraternity to buy your friends, only your Hell Week is going to last a lot longer.
As for people that ‘care about you,’ business is not the place to be looking for that. Caring is for friends and family; in business people look out for themselves and for the company, but primarily themselves.
January 23rd, 2007 at 5:04 pm
Come on now, Casey. You are 24 or so and you have to take a nap at 4:27 in the afternoon? Are you just baiting us or what?
This is the kind of stuff that frustrates me / us - I was busting it, getting things done for my 9-5 job all day….until even 6:00!! Imagine that. And this is just for my job.
I can’t imagine the kind of hours and work I would be putting in if I were in your position - I mean really now, don’t you see what BS that seems to those of us that have been following you and hoping that you will occassionally pick the right thing to do???
Get up and get something done!!
January 23rd, 2007 at 5:07 pm
Tomorrow I have my annual performance review at my “looser” job. I’m definitely going to tell my boss that my best assets are “creativity, curiosity and a positive attitude.” Congrats Casey, this is worth at least 500+ posts in reply.
And what’s this about magic? You’ve got to be kidding me. Are we talking about Harry Potter or are we talking about real estate? A guy with a wand didn’t sell me my last house…although he DID have a pointed hat. Hmmm…
Anyway, Loads o Money is right: real estate is not about emotion, it’s all about numbers. Why would a “team of professionals” need someone to put together a “rough outline” of a plan? I can just see a board meeting now…
Casey: Guys, I have a plan. Lets buy an apartment building and make $5000 a month!
Team: Okay, but where are we going to get the money? What building should be buy? How should we deal with repairs?
Casey: Whoa whoa whoa. I’m the idea guy. That stuff is your responsiblity. I’m going to get some juice. Just send me the check.
Hope you’re having a nice nap.
January 23rd, 2007 at 5:12 pm
“That’s why my ideal job would be to devote 100% of my attention to establishing connections, identify opportunities, and putting together deals on high level - brainstorming and making a rough draft”
Yah, that’d be a great job! Shoot the breeze, brainstor, shake some hands….
Sounds like you may have a career in marketing.
Hardly work thou.
January 23rd, 2007 at 5:16 pm
“Man it’s been a long day… I’m gonna go take a nap… be back in an hour or two.”
hahahahahahashahahahha!!!!!!!!!!
no comment necessary!
January 23rd, 2007 at 5:17 pm
“So to sum it up…. here is what I bring to the table: creativity, curiosity and a positive attitude to spot opportunities and make connections and then the courage (or naivety) to take opportunities head on.”
Fluff, fluff, fluff…. But then again you’re the one 2.2 mill in debt…
January 23rd, 2007 at 5:20 pm
This marks the end of me reading your blog.
January 23rd, 2007 at 5:21 pm
Want to be taken more seriously? Stop using the phrase “sweet deal.” It makes you sound unprofessional. If you don’t believe me, ask your newest mentor.
January 23rd, 2007 at 5:26 pm
From another website…
Mr Legate comments on IAFF-
Very Interesting responses thus far…
I had a lady call and leave a message on my voice mail saying she had a house to sell, but there was no way she would use our service because we are sponsoring Casey’s website. She suggested he is a crook and a criminal and she could be right on both counts.
Please, for all of you to understand, there is NO WAY that I am endorsing Casey’s past behavior. I do not condone the seminars he has gone to, the methods in purchasing both in terms of “liar loans” and cash back.
I do not condone him chasing after every quick fix strategy. I am for him contacting every lender and making amends. I am for him owning up to his responsibilities, no matter how painful. I am for him settling down and focusing on first things first and put real estate aside for a while.. the longer the better.
That being said I have had MANY conversations, beginning shortly after this blog went up. I see a young kid who is blinded by the “i want it now” syndrome that so many people his age are affected with.
My goal in supporting this website is two-fold.
One, business. I want people to learn that there is a correct way to build wealth over time using tried and true investing strategies. I believe with the launch of REI.TV, I can offer people true actionable content for pennies compared to what it would cost to buy a book or tape. I think there are investors here that might benefit.
Two, personal. Maybe I have a soft heart. Maybe I am certifiable, but I think that Casey can be shown the light. It may not be soon, but I think I can help. I want to help Casey as much as I can as long as I see him going down the right path. I am not here to control him, but slowly guide him.
I am one of the few that doesn’t want Casey to file bankruptcy. That whole concept reminds me of making life into a monopoly game. Lose it all, then reshuffle the deck and start over. If Casey is ever going to do things right and have accountability… its as good a time as any to start.
I believe that Casey has talent. It is raw and so is he, but I believe that talent can be developed.
I have worked with people in almost as bad of shape and helped them turn their lives around.
If you choose not to do business with me because I am trying to help, that is a personal decision you must make. If I see Casey “veer” off course… you wont have any sponsor to complain to.
Since I refuse to comment on IAFF, I will respond here.
PLEASE…. you are choosing to sponsor a person with the full knowledge of his past potentially felonious activities. END OF STORY. That would preclude 99.9% of people, but not you.
WHY? Because you claim twofold- 1) You smell a quick profit by making money off of Casey, and 2) you are just such a nice, altruistic fellow.
Well, Mr. Legate, you can easily be the nice, altruistic fellow by;
1. Offering to list all of Casey’s properties for NO CHARGE by your various companies.
2. Offer free advice, counsel, or some other service to help Casey sell his existing properties and service his existing debt obligations.
3. You could have offered to help the poor shlubs that bought his Utah property.
IMHO, much like Casey chasing after the shiny object which you so pointedly alluded to, you have seriously tarnished the reputation of your companies forever by trying to make a quick buck by associating yourself with a scoundrel.
You have been a “sponsor” for one day and have already been directly informed by a potential customer that you have lost their business. Assume that this person will also dissuade anyone they know from using your services. Now, how much are you losing by your association with IAFF?
If you “have had MANY conversations, beginning shortly after this blog went up. “, and then made the conscious decision to put Casey on your payroll, I have no respect for you or wish to use your services. Like many others that are aware of Casey’s lifelong career of shady deals, I will go out of my way to avoid patronizing anyone even remotely associated with him. This includes you.
I highly doubt you last the week, but I wish you luck. The fact that you are already hedging leads me to believe that you are already second guessing the deal. Perhaps you should call Amy, Ramit, Prblinkz, or the Utah buyers to reinforce your decision.
January 23rd, 2007 at 5:33 pm
“I was told that they don’t just let any guru on there. The gurus and videos are hand-picked for quality, ethics (I like this) and actionable content. ”
Ok, when is this joke finally going to be revealed?
January 23rd, 2007 at 5:36 pm
How do deals come to you magically, Casey? Really now, kid!
Deals don’t magically appear and with your work habits, I doubt they’d stick around after the dealer gets to know you. Really, you want all the fame and glory with as little effort as possible. LIFE.DOES.NOT.WORK.THAT.WAY.
And don’t bring the Creator into this. God endowed ALL of us with the right of self determination. How we use it is up to us. You embarrass all good religious folks with that kind of comment. So God loves you more? How’s that? I’d guess not very much by the way you’ve buried yourself in debt! Add to that the chance your foreclosures screw over a lender or two. Wow, that’s very Christian, Casey.
You are either phishing (fishing) for posts or you are serious. I don’t know because you may not be as smart as I thought you could be with comments like that.
God endowed me…please. It’s Magic…please. You wonder why you have haters/critics? Wow.
January 23rd, 2007 at 5:44 pm
A few minutes later, your mentor says, “SWEET.”
I stand corrected.
January 23rd, 2007 at 6:17 pm
@ Cal in Rocklin: I can completely see this…it’s like a (good) SNL skit. Hilarious!
Casey: Guys, I have a plan. Lets buy an apartment building and make $5000 a month!
Team: Okay, but where are we going to get the money? What building should be buy? How should we deal with repairs?
Casey: Whoa whoa whoa. I’m the idea guy. That stuff is your responsiblity. I’m going to get some juice. Just send me the check.
Hope you’re having a nice nap.
January 23rd, 2007 at 6:27 pm
Congratulations on the new sponsors. Any response from Jamba Juice. Have you thought about a webcam to bring even more traffic to the site? People will pay to watch you sit on the blue ball blogging as you ignore a pile of forclosure notices.
January 23rd, 2007 at 6:32 pm
Is there anyone you have not lied to in the past year?
Let’s see,
*G
*Ramit
*A-y
*Utah Buyers
*Every lender you used
*Every bank you borrowed from
* Prblinkz
*East Coast buyer
*Chris
*Rich Dad/Dustin
*Adsense
*Your family
*Every reporter, newscaster,radio and TV station
*The readers on this blog
* Jerome Mayne
*Yourself
*God
You are a man devoid of morals.
January 23rd, 2007 at 6:43 pm
I find Duane LeGate’s postings somewhat quaint — the product of an obvious newbie to the world of our dear Casey. He says, “If Casey should veer off course….” [he will no longer be a sponsor]. Mr. LeGate, have you actually read any of this blog? The evidence lies before you. Casey has no course and seems to be quite incapable of doing anything but “veer.” Please review his 2006 goals and reported results for confirmation. This is your wake-up call.
January 23rd, 2007 at 6:46 pm
Q: How can you tell when Casey is lying?
A: His lips are moving!!! Bwha, Ha, Ha!
P.S. Casey, I insist that if anyone in the future refers to me, or my posts, they must address me as “V” or “VG”. Expect to hear from my attorneys if this rule is not followed.
January 23rd, 2007 at 6:46 pm
Hi Casey
This is my third message to you. It’s good to finally see you doing some hard work. I hope you will keep it up and won’t stop. That’s one of the reasons why I decided to post again. Another reason why I decided to post again is because I have more valuable advice for you on how to quickly get out of the financial grave you dug for yourself.
There is a very easy way to earn a truly passive income in which not to much work has to be done. You can do that by finding valuable expired domain names that have a lot of links and traffic and then parking them. It’s easy to do that because every day about 30,000 domain names expire and thousands of them have high traffic. Basically by buying them and then parking them you will be providing advertising. In other words by parking them, you will be receiving money for advertising that will be provided by these domain names. It’s very easy to find a domain name with which you’ll be able to earn at least $50 a month. In fact it’s so easy that it’s possible to find at least 10 of these valuable high traffic domain names in a single day. Imagine if you had 100 of these high traffic domain names. That would mean you will be making at least $5,000 a month with them. I believe with this idea you might be able to make your dream of making $5,000 if not more a month a reality in 2007. If you’re truly interested, just go to these websites to find out a LOT more about how all of this works: http://www.domainprofiteer.com and http://www.domainersedge.com.
PS: It doesn’t require a lot of capital to start making money with these domain names. I believe $500-$1,000 of initial capital will be enough. Good luck in getting out of debt and may God help you!
January 23rd, 2007 at 6:53 pm
Casey’s Guru says he gets “$2,500-3,000/mo NET cash flow for every $1,000,000 of value. (including all costs, management and debt service)”
If you make a 10% down payment and get $36K a year that is a 36% cash on cash return. Sounds like a SWEET deal…
You are lucky to find such a nice guru who is helping you and not just investing his own money in these high returns.
P.S. Not that I don’t trust the gurus but you might want to register the “myapartmentsarefacingforclosure” site before the gurus do since watching an apartment portfolio melt down is far more entertaining (an potentially more profitable for you due to ad revenue) than watching your portfolio of empty homes go back to the bank.
P.P.S. If you want a taste of apartment ownership how about renting the Muncy house to a family of illegal alien gang members. You can post stories how they shoot at you when you try and collect the rent and you can post the police reports that will be even more entertaining than the flowchart.
January 23rd, 2007 at 6:54 pm
Best Laugh of the Day, Courtesy of “Did He Really Say That?”:
“How long before we have to refer to Larry as L. Will Savvy Chris eventually be SC? Duane, I’ll save you some time and go ahead and dub you DL now. Plus, it works out in your favor because you can then say stuff like ‘Yo flippas, keep it on the DL’ in your ads, which sounds smooth and the ladies will probably dig it.”
I am on board with everyone who says they visit the blog for the comments. Casey’s gratuitous use of terms such as “sweet deals,” outrageous statements like “401k’s are too risky” and pie-in-the-sky delusions like “$5,000 in passive income” have ceased to generate a rise in my blood pressure like they used to. I simply don’t take a word of it seriously anymore. I’m here for the laughs.
January 23rd, 2007 at 7:00 pm
@ 131. Rob BBB
Hey, real Rob BBB. I think the guy at post 131 has stolen you identity and posted some really stupid comments. I am sure that it was stolen because you are always such a realist and so knowledable about everything.
Better take some action!
January 23rd, 2007 at 7:06 pm
“While working as a full-time real estate professional of some kind (agent / loan officer / wholesaler / rehabber). Best of both worlds?”
Casey, I am not a “hater”, but I can tell you that in lieu of your current situation, you shouldn’t think that you have the credibility to become a loan officer/wholesaler/rehabber.
Now, it’s bad enough there are many “unethical” people as Loan officers i.e. Now, the fact that your face has been seen by so many would not only bring a negative impression to anyone that you solicit for business, but also a negative impression towards the entire lending industry as well.
I would assume that people would think: “What’s next, an inmate in the federal Penn. becoming a Realtor?”
See where I’m getting at?
The best thing IMHO, is to lay low - VERY low from Real Estate until you have discovered what it is that you can do to alleviate your 2+Million - in debt situation. Once you have rectified your problem, then I could imagine that you could venture into Real Estate related income producing activities.
THe thing is, it’s not going ANYWHERE. People will always need shelter; so play the game properly and use your other talents to earn income. Stay out of R.E. for awhile - allow yourself to get a clear objective which alot of the time comes when we place ourselves “out of a situation” for a good deal of time;then when we are removed from our subjective thinking…solutions usually present themselves.
January 23rd, 2007 at 7:07 pm
“my ideal job would be to devote 100% of my attention to establishing connections, identify opportunities, and putting together deals on high level - brainstorming and making a rough draft.”
What you’re essentially describing is someone who works in sales. That’s a career you should take a hard look at. Salespeople are not tied to offices, often have flexible hours, and if their pay is commission based, they are in total control over their own income. Those are all things you seem to value. And you do have the positive, win-win mindset that a good salesperson needs.
Plus, a good salesperson can easily make a 6-figure income. Sweet!
In short, try thinking a little differently about what it is that you really want, and just maybe you can find a way through to something better to do with the rest of your life.
January 23rd, 2007 at 7:11 pm
@soaponarope
I must say I have fairly thick skin, but when someone crosses the line as it relates to me, my family, my friends or my companies, I will respond. You sir have raised my ire. I have my name on this website along with many others. My phone numbers are easily found. I do this because I can stand by everything I do and say. I don’t hide behind some BS username and stand and berate others as if I knew them or their intentions. I will respond point by point. If you have anything else to say, I invite you to have a discussion with me via phone before you make anymore asinine assumptions.
You wrote:
“Well, Mr. Legate, you can easily be the nice, altruistic fellow by; 1. Offering to list all of Casey’s properties for NO CHARGE by your various companies.”
Mr. SoaponaRope. I do not own any company that lists properties.
“2. Offer free advice, counsel, or some other service to help Casey sell his existing properties and service his existing debt obligations.”
I am offering and have offered and will continue to offer my best counseling, and advice.
“3. You could have offered to help the poor shlubs that bought his Utah property.”
If the people in Utah need my services or advice, have them contact me.
“IMHO, much like Casey chasing after the shiny object which you so pointedly alluded to, you have seriously tarnished the reputation of your companies forever by trying to make a quick buck by associating yourself with a scoundrel.”
I have in no way tarnished my reputation. If anything, I will reinforce it. I recently spoke with a person whose life spun out of control. This person turned to substances and literally lost everything… divorce, lost custody, lost their job, financially ruined, you name it. This person has been sober for 7 months and is not only gainfully employed, she is self employed at that. If you knew the situation, you would have wondered why I would get involved with someone like that. Why would I jeopardize my time, money and reputation in helping that person overcome their addictions and their problems associated with it. The answer is simple. They were worth helping. If one day you wake up and find that Casey turned the corner… that Casey learned a valuable life’s lesson and applied those lessons to build something of value spiritually and financially, you would probably be upset. I will help Casey as long as I see him trying to help himself. That was the deal Casey and I have had. If he wavers.. I’m gone. If not, I will do everything within my power to help him. If you want to be judgmental, that is your prerogative.
If you think I am about making the quick buck, sir you don’t know me. I do things the right way. Because of that I sleep well at night.
“You have been a “sponsor” for one day and have already been directly informed by a potential customer that you have lost their business. Assume that this person will also dissuade anyone they know from using your services. Now, how much are you losing by your association with IAFF?”
Dear sir just as I don’t have a listing service, I also do not help home buyers as the poster stated. If this person, or you want to start a campaign against me or the companies I operate, go for it. I don’t need your money nor theirs. My company’s succeed because of our values, and those values will win over your whining everyday.
“If you “have had MANY conversations, beginning shortly after this blog went up. “, and then made the conscious decision to put Casey on your payroll, I have no respect for you or wish to use your services. Like many others that are aware of Casey’s lifelong career of shady deals, I will go out of my way to avoid patronizing anyone even remotely associated with him. This includes you.”
Casey is not on my payroll. Again, you make assumptions. I have a sponsorship agreement with this website. Do you know the difference?
“I highly doubt you last the week, but I wish you luck. The fact that you are already hedging leads me to believe that you are already second guessing the deal. Perhaps you should call Amy, Ramit, Prblinkz, or the Utah buyers to reinforce your decision.”
The deal is as it is… there is NO hedging.. this was the deal from the beginning and I have been very upfront with Casey. He veers, I’m gone. If not.. I’m here. And btw, I have spoken with Amy and Prlinkbz. I have zero respect for those 2. You bash me and then hold them up as a standard? You should read the contract they induced Casey to sign. If you want to discuss someone trying to make a fast buck.. talk to them. I read the contract and was thoroughly disgusted. That is one more item I have been talking to Casey about. He needs to address that “contract” sooner versus later. I really want him to post the contracts to the website. That’s his call though.
Your cynicism says a lot about you. You have a problem with me?? Be a man about and discuss it with me.. not to me.
January 23rd, 2007 at 7:18 pm
CASEY SAID: “…It’s kind of magical”
um casey this aint dungeons&dragons, this is real estate,
supposedly a business….
im sure tim from montyray will have something to say about that….magical,,,HAHHAHAA
your freaking underwater, over your head, running on empty, skidding down a slippery slope during a rainstorm on bald tires….casey dont you get it….THERE IS NO MAGIC INVOLVED…
ok im going back to my chango statue to do some brujeria, im burning a pic of casey, i dont have a lock of your hair but hopefully my golden retriever’s tail hair will do…
i hope my magic spell doesnt go wrong…
casey’s latest post might be something about culebras,
after spending 3 hours setting up the right atmosphere for the photo shoot of him grabbing his stomach while sitting on a blue ball
January 23rd, 2007 at 7:22 pm
Casey said: “Talked with Larry the Modesto agent and he said the lender is unwilling to negotiate with him because the authorization to release information I signed doesn’t look legitimate.”
Why, at this stage of the game, is the bank suddenly concerned? They didn’t look at your loan info very closely. Curious!
Reading some of your statements and past performance, I began to wonder what success you would have in other professions. A few come to mind:
Casey as a NASCAR driver
Casey as an international spy and man of mystery
Casey as a rep for the Columbian cartel
Casey as Sec of the Treasury
Casey as CA’s Gov.
Casey as, dare I say it, Mr. President
Take a step back, close your eyes and imagine him in action.
January 23rd, 2007 at 7:23 pm
Casey - thank you for the quick, detailed response to my question! (sincerely)
Casey, in all honesty, you’re too “high” on your own abilities at this point in your life. Your response sounds good, but (at least on this blog) you’ve not demonstrated those skills and outcomes.
I really don’t see that any great opportunities have presented themselves to you, nor have you created any positive results from them. You overpaid for very expensive 3rd rate ‘education’, then bought the wrong properties for too much $, and as a result are now going to ‘lose your shirt’.
Again, kudos for the quick and detailed response.
January 23rd, 2007 at 7:27 pm
79. Casey Serin
January 23rd, 2007 at 11:49 am
Peter Sayas… I’ve done Russ Whitney and a bunch of other gurus.
So that’s how you make ends meet!
January 23rd, 2007 at 7:29 pm
OH, CASEY IS STILL IN HIS SWEET DREAM.. HIS OWN DREAMLAND..SWEET~~~~
SWEET~~~
January 23rd, 2007 at 7:46 pm
* Utah? Who has the money?
* New Mexico? (Your nicest property and the one you mention the least.)
* Chris? Do you still have a job?
January 23rd, 2007 at 7:53 pm
Casey.
I just thought of a good scam for you. The homeless. You can pose as them. Use thier information to purchase houses on stated income loans. Then you can sell all the houses and keep the money.
January 23rd, 2007 at 7:56 pm
Arizona is considering making mortgage fraud a felony, punishable by up to ten years in prison:
http://housingpanic.blogspot.c.....story.html
There’s no direct effect on California policies, but it’s an interesting read.
January 23rd, 2007 at 8:32 pm
“As for 5K passive income. Stop deluting (sic) yourself. Everyone with interest paying bank account have a passive income. You only need 1.2 million sitting in the bank earn 5% to have 5K passive income. The trouble is how to go from -0.5 million to 1.2 million.”
BT98 - I’ve decided to open a bank. If you give me $1.2 million to invest, I’ll pay you “15%”, or “$15,000″ p.a. On the subject, did you and Casey go to school together?
Casey, you are indefatigable. First I was amazed at your story, then a hater, and now I admire your pluck but feel sorry for what’s coming.
As for the odds of you becoming a multi-millionaire, it would have to center on amazing luck (I think 1/some number currently being calculated at Stanford) or some sort of value that you bring to the economy that is unique and in demand. Can you help me understand what the latter might be? Frame why you should be rich in economic terms - I’d like to learn.
January 23rd, 2007 at 8:37 pm
@ Endgame Observer — love the name.
Ok Casey I’ll bite. You’ve done such a nice job moderating and keeping us informed with what is happening lately I’ll throw you a bone.
“creativity, curiosity and a positive attitude to spot opportunities and make connections and then the courage (or naivety) to take opportunities head on.”
This is what you say you bring to the table, so here is the challenge.
NAME ME ONE OPPORTUNITY THAT YOU HAVE ACTED ON THAT WAS A FINANCIAL SLAM DUNK SO FAR.
You are upside down on all of your properties, facing foreclosue, not renting any of them out to at least help float the costs, pissing money way on more “education”/MLM “opportunities” and you couldn’t even get a “sweet deal” in writing before you put your new sponsor up.
So let’s hear it, what opportunity have you capitalized on?
I don’t think you bring anything but a whole lot of hot air to the table.
Casey a bit of advice, honestly.
If you walk into a room (or mortgage closing) and can’t tell in the first 2 minutes who the mark (read SUCKER) is, then it is YOU.
People ARE NOT bringing you “sweet deals” ’cause you bring so much to the table. They are bringing you these so called opportunities because they can make a buck (or thousand) off of you and your retarded situation.
Hmm…as usual this comment started out with the best intentions but has deteriorated into an all out rant…what can I say, you bring out the worst in me.
GameOver
January 23rd, 2007 at 8:39 pm
As an established “hater” I do have to say that I don’t quite understand the animosity expressed toward Duane LeGate. As far as I can tell, his business is legit and legal. Obviously, he’s seeking to benefit from the spectacle that is Casey Serin, but he’s not actively participating or supporting any of the less-than-perfectly-legal dealings of Casey’s. I think that he’s wasting his money because a vast majority of followers of this blog seem to be more interested in watching the trainwreck than jump into real estate investing.
I disagree that with LeGate about the bankruptcy thing, though. Barring a winning ticket to the Superlotto, there’s no conceivable way for Casey to extricate himself from this debt. After borrowing 125% of the home’s true market value and the market’s slipped an additional 10% (and he’s missed payments for several months), he’s well beyond what a short sale can do.
January 23rd, 2007 at 9:05 pm
I wonder if it is a good idea (legal-wise or image-wise) for any business to sponsor someone who has publicly admitted committing frauds/crimes, especially in the same field (Real Estate related, in this case) that the sponspor is in.
I also wonder if the sponsor has carefully consulted with its attorney, to making sure that there are legal terms written in the sponsorship document, to protect itself from any potential liability.
Regards,
With best regards,
January 23rd, 2007 at 9:12 pm
So I checked out rei.tv, which forwards to www.realestateinvestors.tv.
In the lower left-hand corner is a link to a guru named Don Derosa. For only $997.00, you can order his “Building Wealth With Real Estate” kit! His pitch looks just like the other scams that Casey suckered himself into:
“Who Else Wants to Defy All Normal, Common, Ordinary, Customary Boundaries and Restrictions On Making a Fortune?”
“I recently held a two-day seminar in Savannah, GA. It sold out in record time and people paid thousands of dollars to hear me explain real estate investing from A to Z.”
http://www.askdonderosa.com/sl-buildingwealth.php
“I’ll go beyond sending you a course in the mail. I’ll be your personal mentor and coach.”
http://www.askdonderosa.com/sl-short-sales.php
He signs these come-ons as
Don DeRosa
Real Estate Millionaire
~~~~~~~~~~~~~~~~~~~~~~~~~
Maybe this isn’t yet another scam. What do you think?
Casey says, “The gurus and videos are hand-picked for quality, ethics (I like this) and actionable content.” Um, yeah.
Somehow, I don’t think Duane LeGate will have his reputation tarnished by associating with Casey.
January 23rd, 2007 at 9:19 pm
walt526
I liked your post. Some of it was a little mean, but you seem like an experienced person speaking from hands on experiance.
January 23rd, 2007 at 9:43 pm
401K too risky……while you went out and put over 200K at risk.
401Ks are as risky as you want them to be - we decide how we invest based upon the risk we are willing to accept - there are different kinds of risk and different levels of risks. The method of analyzing and managing risk is called risk management.
Investing is a part of finance, as is risk. Investing in real estate is not any different than investing in other instruments. You still need to analyze it, and understand it.
Just pick up a few CFA courses, and buy the HP-12C calculator.
January 23rd, 2007 at 9:49 pm
Duane LeGate, all I can say is GOOD LUCK! I sincerely hope you can accomplish more than hundreds of people here have. It’s been like talking to a wall!
And any company that wouldn’t hire Kiyosaki is OK in my book … Don’t bother answering every poster here because some just like to troll.
While there may be some gain for you and your company, there is definitely going to be backlash. When we think of the honest people who struggle and save to do things right, it seems unfair that such a monumental “looser” as Casey gets to not only slide through life, but attracts mentors out of the woodwork, who all want to assist him despite his unyielding refusal to learn.
BT98: “Bill Gates bought the original DOS from a small potato programmer for 25K after he secure 50 million dollar contract from IBM.”
I didn’t know they could program potatoes! LOL
Casey: “Everything else I bought below market value and fixed it up and tried to sell at retail.” C’mon now. You know darn well you didn’t buy one house below market value. And you didn’t even finish fixing them up, did you?
I certainly hope one of the conditions for your parole is that you never, ever have anything to do with real estate again.
Re the 401(k)s: Casey, wouldn’t it be a sweet deal if for every $2 you invest in buying a house, I give you, just give you another $1? To keep and never pay back? Cause that’s what my company does for me with my 401(k), and to top it off, the $2 I put in is pretax. I’ve got it invested in a mutual fund doing somewhere above 20% annual return. Should that fund stop performing, I just switch it to one that’s doing better (and I do practice good asset allocation overall, just not in that account).
It sounds like you have been swallowing guru-nonsense hook, line and sinker, without doing any kind of investigation on your own. Have you even read the John T. Reed site that people have been posting?
You seem to think that because you, unlike so many others who take RE seminars, actually went out and DID something, BOUGHT something, rightly or wrongly, that you are entrepreneurial - motivated - a go-getter.
Did it ever occur to you that maybe the people who knew they didn’t have enough knowledge after a fluffy seminar or two to get themselves in hock might be the real winners? Don’t confuse impulsiveness with drive and business savvy!
January 23rd, 2007 at 9:55 pm
Duane LeGate said:
@Jobu
“I hope you have experience de-programming brainwashed cultists, because in all seriousness, that is almost what you are dealing with here.”
“You are CLOSER to the truth in that statement than you will ever know.”
and
@Mayhem
“I sign him to a record contract and let him play putt-putt with my used clubs.”
Well, I feel a tiny kernel of hope bubbling to the surface because of these two statements, Mr. LeGate. You appear to have accurately assessed the situation with our Casey and I hope you’ve got the patience of Gandhi cause that’s what you’ll need in order to constantly re-direct him away from real estate and toward something productive.
Godspeed.
January 23rd, 2007 at 10:21 pm
Dear Casey,
I want to discuss the possibility of switching your wireless phone service to the one Jack and I use. By using the discount code “Jack123″, he’ll receive $50 off his next bill and you’ll get one month of texting FREE!!
Call me. 1 (800) CTU-JACK
Love,
Jack Bauer’s Cell Phone
January 23rd, 2007 at 10:34 pm
How much did you pay for the modesto property?…Nevermind, I will just look it up on zillow.com
January 23rd, 2007 at 11:02 pm
Casey said
“I believe I have been blessed by my Maker with an intense curiosity and the ability to spot opportunities ”
You spot opportunities?
You gotta be effing kidding me!
As for all the people trying to sell you deals…that’s because they KNOW you will fall for ANYTHING! You are the GREATEST FOOL! RK even said so. You are the biggest sucker on the face of the planet!!
You think everything is magical? Ask your previous agent A** how magical she thinks you are. ASk the guy who still hasn’t been paid back the 3300 he lent you if he is feeling magical, ask your in laws, ask your preants, ask you lenders.
What an A**
January 23rd, 2007 at 11:05 pm
does any of this resonate with you???
The Cluster B Personality Disorders and common characteristics are:
Antisocial Personality Disorder (301.7)
* No superego or conscious (no sense of right and wrong)
* Willing to Lie
* Not bound by Social Norms
* Can be pleasant/polished/slick
* Possible criminal record
* Potential for Violence
* Impulsive
* Enjoys humiliating and demeaning others
Narcissistic Personality Disorder (301.81)
* Grandiosity, Exhibitionism
* Lack of Empathy
* Unrealistic self evaluation
* Hypersensitivity to Criticism
* Need for constant approval
Histrionic Personality Disorder (301.50)
* Overly Dramatic, Theatrical
* Needs to be center of attention
* Attention seeking
* Excessive concern with physical appearance
* Vanity
* Demanding, manipulative
* Frequent Tantrums
* Need continual stimulation
* Sexually provocative
DSM Criteria
Borderline Personality Disorder (301.83)
* Emotional and Interpersonal Instability
* Rapid mood swings between ups and downs
* Reacting strongly to separations
* No clear goals or direction
* Inconsistent
* Frequently considers self-harm
January 24th, 2007 at 12:27 am
“At the same, you continue to display an uncanny inability to discern legitimate from illegitimate business opportunities. The “corporate credit” thing is the perfect case and point. As soon as you first wrote about it back in December, pretty much every member of this community told you that it was a scam and illegal. Only in the last week or so have you finally seemed to accept what we’ve been telling you: that its not manna from heaven, and you’d almost certainly hurt yourself (financially and legally) by pursuing it.”
When I called Casey up on this, asking why it took him over a month to realise just how shady this scheme was, his reply was priceless:
“You’re right there were a lot of good advice in those comments. There was also some incorrect advice. Problem with an open blog is that you don’t know the credentials or background of the people so I have to take everything with a grain of salt. Wouldn’t you? ”
Now this sounds sensible - until you actually read the dozens if not hundreds of comments posted within 24 hours of his original flotation of what he kept calling his “corporate credit thingy” (I think he was trying to be cute, but it actually made him sound both deeply unprofessional as well as betraying his lack of understanding of what he was proposing to get himself into).
Virtually all of them said that the plan was illegal. Most said why in considerable detail. And the vast majority of the comments broadly agreed in terms of the basic facts.
Now, someone paranoid might think “well, that’s all very well, but maybe all these people colluded behind my back and just decided to post the same incorrect advice to fool me into thinking that it’s legit?” But that wouldn’t work here, because most of our email addresses are inaccessible, and even if they weren’t they’re mostly fake (I know mine is: I learned that particular lesson on Usenet when Casey was still genuinely as opposed to metaphorically crawling).
So even if Casey doesn’t know the credentials of the people posting, doesn’t it reveal just a teensy little bit when nearly all of them post pretty much the EXACT SAME ADVICE without any possibility of prior collusion? In such numbers as to eliminate any possibility of statistical error? The advice being “no, don’t do it, it’s probably illegal - and at the very least you need to talk to a lawyer?” (This is quite apart from the fact that anyone even vaguely clued-up about corporate law would know from the start that it was a stupid and unworkable idea so wouldn’t have needed this advice in the first place).
And yet it still takes Casey over a month to admit that the scheme is, to quote his own terminology, “shady”. Well, duh.
Why would anyone want to do business with someone this clueless? (I mean serious business, not getting cheap publicity on the back of this blog’s sky-high traffic). The cold hard fact is that Casey is not cut out for the real estate business and never will be without an almost inconceivably drastic change in temperament, professionalism, personal responsibility and financial/business awareness.
I KNOW it’s hard to admit that you’re never going to achieve what you’ve set your heart on, as I had to do the same thing ten years ago (in a different business) - but trust me, once I got rid of that particular millstone by admitting that I simply didn’t have the talent or tenacity to do as well as I’d hoped, I never looked back. And I’m ten times happier, more successful and professionally satisfied now than I was back then.
January 24th, 2007 at 12:31 am
Casey, you are the UBAR clown.
There is no way you are going to get rich with real estate. No-one is. It’s over. You are like the sad idiot who lost a lot of money in the nasdaq when it was at 5,000 and the turns around and tells everyone that you are going to make it back with prudent stock investment when the nasdaq was at 3,500.
I’ve really tried to help you. I’ll try once more. Now pay attention.
REAL ESTATE IS A DECLINING IN VALUE ASSET CLASS.
That’s all you need to know. The current demographics don’t support anything else. No-one can make money.
Instead of spending more money on seminars, go buy a plane ticket and fly to Detroit. Walk around for a bit. That is the future of US real estate. Now tell me about your sweet deals again.
January 24th, 2007 at 1:07 am
um I think I missed something. When did you add the other properties on your list of “sweet deals”? IMHO it looks like you are trying to appear relevant in some way. I only remember 6 before, now it’s up to nine?
January 24th, 2007 at 3:50 am
Let me get this straight.
Your ideal situation is that you think up an idea (like, just for example, buying a 100-unit apartment building), then you tell some of your advisors, who then point out the “holes” in your idea.
Like, say, the problem of finding one that has positive cash flow, the problems in fixing ones that don’t, financing issues, etc.
So they then tell you these problems (hey, we’re part of Team Casey!), and then they and other advisors commune with you to think about how to get around these problems.
Then, they take the plan to other people, who know people with money. They recruit people who have financing or credit to get financing. Those people then all execute this deal.
Ok, do I have that right? Why, Casey, would they then give YOU the money made from that deal? So far, as far as we know, every real estate idea you’ve had has been a hackneyed one, that came from a seminar or guru. The deals you’ve spotted have been BAD. Telling us that if you’d gotten the things you bought for less, and done things differently, does NOT mean the deals were good. Because the deals you spotted were not the good ones you see.
Even if they gave you money, it’d be a tiny cut. You said you pay (you know, if it ever happens) bird-dogging mail carriers $500 to spot a deal. So… maybe those people, in an ideal scenario where you actually find a good deal, would give you $500.
First, that means you’d be working, which we all know (you’re the only one who knows but won’t admit it) you’re not interested in doing. Second, it’s not “passive income,” and third, it’s not guaranteed. So… why do they need you, Casey?
January 24th, 2007 at 4:18 am
GREAT JOB CASEY!!!!!!!
Sponsors-Nothing like making money and not having to work for it!!!!!
There is no dought that you are much smarter than the average Joe. How many people can get a couple of mil in debt and still not be in jail. I aplaud you…the whole trailer park aplauds you.
Keep this up and you can write a book and be rich…without even lifting a finger!!!!
You are the man.
Julian
Trailer Park Flippin Guru
Alchohol to Weed Rehab
Cash Flow Specialist
Friend to Homey the Clown, Ogg and Casey Serin
PS-I REALLY wanna meet that real estate chick.
January 24th, 2007 at 4:22 am
The Dominos are falling…..
January 24th, 2007 at 5:15 am
So the Home Buyer Network agreed to advertise on your site for free? I for one think that’s a sweet deal, because normally you would have to pay them to put their logo on your site.
January 24th, 2007 at 5:24 am
Casey:
So, what I understand is that it takes 1m dollars to make 5k/month in passive income. Okay, so follow me on the math here:
60,000/1,000,000 = 0.06 = 6% ROI. (without appreciation, which is historically ~2% — forget the last 6 years.)
6%, and this is supposed to be a good investment? That’s only 1-1.5% more than a TREASURY BOND pays, and a T-Bill doesn’t have leaky pipes, or burn down. I do better in my unwatched 401k that I invest in growth and overseas funds (about 12% yearly)….
Casey, stop hating on education. Take a math class. Take a macro and micro economics course. Learn how the real world works.
January 24th, 2007 at 6:17 am
#155 - funniest post yet by Casey. Still does not surpass the flowchart, however, which is still #1 by far, IMO.
January 24th, 2007 at 6:37 am
@Duane Legate - I know that is close to the truth. That is why I wrote ‘in all seriousness’. It is very apparent by his writings.
re: Fraud - the high visibility of this blog is no doubt on the radar of law enforcement/prosecutors. How can it not be? People who have committed lesser amounts are getting jail time. Casey can’t offer them some big gambino to get himself out of this. He may get a little play if he turns in some associates but you can bet that due to his high profile, he is not getting a pass. Get ready for the perp walk and accompanying story in USA Today.
January 24th, 2007 at 7:10 am
Here are the 5 Books.
For Less Than $100
Thanks for asking and emailing me….Here it is.
The Beginner’s Guide to Real Estate Investing - Eldred
How to Get Started in Real Estate - Irwin
Weekend Millioniare’s Secret to Investing in Real Estate - Summey/Dawson
Flipping Properties - Bronchick/Dahlstom
Building Wealth One House at a Time - Schaub
Do not pay more than a few dollars for CD’s or education programs from the get rich crowd. It’s all about getting your money, not about you.
You can find great stuff on the internet.
Best advice I got and I learned in online as in FREE
“Buy Six Properties and Love Your Tenants!” This will make you wealthy and you’ll have a lot more time for other things in life rather than trying to figure out how to get wealthy.
There are a lot of people out there just after your credit card…BEWARE! Or better yet, BE AWARE!
January 24th, 2007 at 7:17 am
Sorry for the break on moderation. I went to take a nap yesterday around 5PM and slept through the night waking up at 5AM. Good comments, thank you everybody for contributing.
January 24th, 2007 at 7:17 am
Ha ha ha. This is great stuff.
http://iamnotfacingforeclosure.....en-ticket/
January 24th, 2007 at 7:20 am
Wow Duane LeGate took a nice uppercut to soaponarope. Hopefully soaponarope makes that call and records it on youtube, for that would make for some interesting conversation. Round 1 Duane.
January 24th, 2007 at 7:32 am
I recently read an article that may be of interest to Casey and perhaps might offer a way to make some quick bucks while kind of staying in the real estate arena.
A lady from New Orleans had gone to a new town after Katrina. She needed help after the disaster. A very nice church donated a home to her, free and clear. The lady then sold the house, kept the money and left town. Sweet.
January 24th, 2007 at 7:42 am
Has anyone seen Fargo? Specifically the scene where William H. Macy brings his father-in-law a business proposal about a parking lot. Macy believes he’s going to get a huge piece of the pie, when in reality he’s given a small “finder’s fee.” This is what I see happening with Team Casey (by the way, I think we need to put some Team Casey shirts on cafepress.com)…Casey would essentially be “bird dogging” since he doesn’t have any real experience or expertise. I guess if he can find enough deals in a month he could earn $5000 doing this, but there’s no way that money is passive…he’ll actually have to work for it.
January 24th, 2007 at 7:44 am
@ Beezer.
It takes two to tango. Casey was WRONG to sign those contracts. My 12 year old son would not have signed those contracts. The point I was trying to make was that someone was accusing me of trying to make a fast buck. In the same sentence he used those two geniuses Amy and PrLinkBlitz as a standard. Just as Casey was wrong, THEY were wrong. They tried to OWN every piece of Casey.. now and FOREVER. The contract is a joke written by a “wanna” be attorney. I am not absolving Casey of his stupidity (sorry Casey.. its true) for signing the contract. However, if you ever want to witness someone kicking and BEATING someone while they are down.. read the contract then endorse publicly those 2
As far as being enforceable.. they are LAUGHABLE.. Judge Judy wouldn’t enforce those contracts.
I am sincere, and to make a judgment about my website you know nothing about is reckless at best. I have screened EVERYONE of my speakers.
The Georgia Real Estate Investors association is in partnership with REI.TV. They are the nations largest and MOST well respected investor organization. They actually teach you how to buy, rehab, rent, lease, sell, or whatever you want to do with a property the honest, ethical way. Don happens to be their most popular speaker among people that are currently buying and selling. Don is “ACES” and suggesting otherwise shows your ignorance of the facts.
January 24th, 2007 at 7:45 am
Where to start…?
“BT98… I never again want to manage my own property … When I refer to passive income from RE I’m always talking about having a trusted property management company to runs (sic) it all. ”
First - it is rare that the numbers work on a new deal with little down and professional management. That is why it takes years or serious $$ to build a portfolio that can generate the sort of numbers you aaspire to. Re. the guru’s rule of thumb - $1m of value = $2500-$3000/mo passive income after management, debt service, etc. That is unlikely to be with debt service for a 90% loan. I get those sort of numbers for professionally managed very large investments (200+ housing units) but with a 60/40 debt/equity on the property.
Second - you talk about your strategy to renovate and flip, but I never saw any real work going into pretty basic upkeep in the units you had to make them attractive for resale.
Rob BBB - you make me laugh. Do you understand what passive means? If he did nothing on the blog, he’d not get a penny. He spends maybe 3-4 hours/day at times on this = probably at least 100 hrs/mo = $20 hour income for somethign that is hardly passive and is indeed a whole lot less than a half talented waiter earns.
January 24th, 2007 at 7:47 am
@Jobu
I dont know you but I am starting to wonder if we think alike.
Thanks for the advice and warnings.
January 24th, 2007 at 7:49 am
One more thing, Casey - I built up a passive income of $5k/mo but did it in my spare time while working full time, maxing out my 401(k), getting 50% employer matching, and having a great time at a fun and very lucrative job. The difference - a) the job, b) the fact I actively managed the rental units for the first 5+ years. Money doesn’t grow on sweet trees. Smart investing and good number crunching is vital, but so is preliminary effort.
January 24th, 2007 at 7:59 am
Casey said:
$2,500-3,000/mo NET cash flow for every $1,000,000 of value. (including all costs, management and debt service)
I’m sure there are many assumptions that go into that and a down payment somewhere in there to account for as well.
—
-Do you realize that 3k per month is 36K per year or only 3.6% of 1 million dollars…. so what? Without the apartment massively appreciating in value, it’s a bad deal.
-Big Cheese
January 24th, 2007 at 8:04 am
@ Ethical Realtor
You sir/madam are the poster child on how to do things correctly. I would love to have a conversation with you. You can email Casey and get my contact information or google me.
January 24th, 2007 at 8:05 am
Again…do not spend your money on CD’s…this sponsor has a guy offering a program for $1000…BEWARE…better yet BE AWARE!
Remember it’s not about you…it’s about your credit card…that’s what they’re after.
Read my 5 book list and you’ll do fine…for less that $100
January 24th, 2007 at 8:06 am
@Duane - you may be right regarding our thinking in some areas. Just as an FYI, my fraud comment was not directed at you or necessarily intended as any kind of advice regarding your involvement here. I’m sure you know what you are getting into. I just tacked that on at the end as a general comment regarding my opinion of what may be coming for our friend.
January 24th, 2007 at 8:09 am
Casey,
Read the book ‘The tipping point’ by Malcolm Gladwell. It’s an easy read (but I’m afraid you may still get bored) and talks about what makes things gain momentum or ‘tip’.
I think you may well be a connector as described in the book. You’ve got the pollyanna always optimistic attitude even when being kicked and you have a high energy level when you are (as you say) in the mood.
Perhaps you found your calling SerCasey.
-Big Cheese
January 24th, 2007 at 8:13 am
Casey,
About your “opportunities.” You’ll find, and you have found that a little publicity will bring out a whole bunch of people who want to “work” with you.
My advice to you is to be sure you understand clearly the “opportunity” presented and make sure you get everything down in writing BEFORE any contracts are signed or verbally committed to.
You may find some good opportunities, but most of them will ultimately end up not to your liking.
How do I know this? I once had a client that got lots of national media exposure. All sorts of “opportunities” presented themselves. And you’re right, it was sort of magical. But make sure you don’t mistake fame for talent. Those two characteristics are often mutually exclusive.
Nigel
P.S. Congratulations on the sponsorships.
January 24th, 2007 at 8:17 am
“You should read the contract they induced Casey to sign. If you want to discuss someone trying to make a fast buck.. talk to them. I read the contract and was thoroughly disgusted. That is one more item I have been talking to Casey about.”
There are 2 glaring mistakes with this comment.
#1. They did not induce Casey to sign anything. They presented him a contract and gave him time to look it over. CASEY decided to sign that document after reading it. CASEY decided not to seek legal or any other form of advice before signing that document. If they pointed a gun at his head and said “sign this or you die”, then they did induce his signing of the contract, and there isn’t a court in the country that would uphold the contract under those conditions.
#2. In order for the contract to be valid, there must be consideration. I don’t know your level of knowledge of contract law, but consideration means that both sides must give something up (money, services, property, etc.) and they must receive something in return. If the contracts are as one-sided as you make them out to be, then there is no consideration and again, no court in the country will uphold the terms of that contract.
I think what REALLY happened is that Casey hastily signed the contract, then realized that it was stupid for him to do so. I think that he gave up some sort of media rights to his story in return for some sort of counselling or mentoring program from PRLinkBiz’s company. Since services such as mentoring or counselling cannot be forced upon somebody, and Casey has denied PRLinkBiz the opportunity to provide those services, Casey is in breach of the terms of the contract. He still owes his consideration to the other parties of the contract, or he is subject to the penalty clauses laid out in the contract.
January 24th, 2007 at 8:19 am
For the Year Ending In September 2006:
Number of Housing Units added in a year (Supply) = 2,100,000
Increase In Number of Housing Units Occupied in a year (Demand) = 1,200,000
For the Month of November 2006:
Number of New Housing Units For Which Permits Were Filed = 1,500,000
Number of Housing Units Started = 1,600,000
“OK, Tommy, you see the first two numbers in the table, what do these numbers mean?”
“People were building lot more homes than what the demand was there, sir, by 900,000 in just one year. Grandpa Mitchell says, sir, it’s no use building them homes and have them lie empty. He told uncle Kirk that it is plain stupid to keep building more when the ones he had built haven’t sold and some are still sitting empty. Sir, how long have they been building more homes than the need?”
“For some five years, Tommy. Barbie, what do the rest of numbers tell you?”
“Why, sir, they are still planning to keep building more homes than the need for quite a while, no?
“Yes, and what would that do to the number of empty homes?
Tommy: “They will keep going up, sir. More and more of them empty homes and they will keep piling up. Is uncle Kirk going to be in trouble, sir?”
“I am afraid so, Tommy.”
“Class dismissed.”
www.ELToroEnergy.com
PRICES NEVER GO DOWN, There is only so much land? filled with empty houses.
January 24th, 2007 at 8:26 am
@ Duane LeGate - your candor here is quite welcome. It’s hard to imagine Casey sticking to his end of your deal. If you have the patience and persistence to get him to do so, you’ll have accomplished a lot.
I agree - Casey should post the contracts, along with other similar info that calls out the people who have taken advantage of him. His self-image and skills are way out whack with each other, but he wouldn’t be in this deep without other people ‘helping’ him.
January 24th, 2007 at 8:35 am
GOD, I LOVE THE SMELL OF FORECLOSURE IN THE MORNING!
January 24th, 2007 at 8:41 am
Sleeping that much is a symptom of depression. Why would you be depressed? You’re magical.
January 24th, 2007 at 8:42 am
@Nigel… you are right publicity/notoriety DOES NOT equal talent. That’s why I don’t take full credit for any opportunities or connections that might come as a result. I’m just saying by personality and past experiences I am pre-disposed to want to look at deals and opportunities.
Not all opportunities are good, most are bad. However, it takes creativity and imagination to convert a “bad” opportunity (on the surface) into something good.
Again, I don’t take credit for any opportunities, those are GIVEN to me through different circumstances. I take credit only for attempting to follow up and pursue an opportunity.
I don’t want to come across as prideful or arrogant. I know you guys think that I have a distorted self-image. I just like to see the positive in every situation. That’s all.
But I am sure glad that I don’t base my self-image on the opinions of most people on this blog. I would be one miserable person if everything people say about me is even close to being true.
January 24th, 2007 at 8:53 am
Show your support for CASEY!
He is really blowing up….
http://www.cafepress.com/cp/cu.....=103354837
Get’em while there hot!!!
January 24th, 2007 at 8:55 am
Casey,
I wasn’t suggesting you’re not talented. After all you’ve turned 15 minutes of fame into something that’s dragged out for months now. Your audience is expanding.
I admire your willingness to put yourself out there both with the blog and with your real estate investing. However, your ability to assess risk is sorely lacking with real estate and with this blog.
I hope Mr. LeGate can help you in that area.
Nigel
January 24th, 2007 at 9:08 am
@ 203. walt526
January 23rd, 2007 at 8:39 pm
“As an established “hater” I do have to say that I don’t quite understand the animosity expressed toward Duane LeGate.”
As a long time reader and poster I agree about the animosity, weird…a bunch of piranhas…rip the flesh off anything put in their tank. But Walt, I never thought you as a hater. Your comments, while negative, always were pretty cogent and on the money.
The folks who attack Duane, now those guys are haters. The anonymity of a screen name makes you pretty brave, eh? Attack anything that moves?
Duane, don’t get into it with these guys. They are viscious and you might lose a finger. It’s a pointless argument. They just insult to insult. Some of them just make wild, trollish statements just to see what they can stir up. It’s a waste of your time.
OH, don’t forget to bring fishy treats for Sputnik next time you’re back.
OH, OH….RobBBB, how’s that identity theft law suit going. Better do something soon, or everyone will be posting as RobBBB. Now THAT would be a tragedy.
January 24th, 2007 at 9:12 am
@Duane LeGate
“I sign him to a record contract and let him play putt-putt with my used clubs”
Ok, I did get a chuckle with that one. Perhaps placing him before the American Idol panel judges would be a good laughter inducing situation.
But I understand where you are coming from and I think your idea has merit. As others have pointed out, Casey does have talent in the web/internet arena. And if that can be fostered and grown, it could lead to greater potential in that field.
January 24th, 2007 at 9:15 am
@ Casey #249
But I am sure glad that I don’t base my self-image on the opinions of most people on this blog. I would be one miserable person if everything people say about me is even close to being true.
You know, Casey, there is not a lot I admire about you. But I do marvel that you can discard the crap said here, true or not. It’s relentless. Of course, you bring most of it on yourself, intentionally or not.
Perhaps your next blog should be the “How to build a really thick skin blog.”
January 24th, 2007 at 9:41 am
This post is not only for Casey, but for Mr. LeGate as well.
Mr. LeGate….I am impressed with your genuine desire to help others now that you have become successful. Here is my problem, being a reader here since October.
I have a 21 year old daughter who is working 2 different night jobs, and going to college full time during the day. We have 4 daughters, and she is the oldest. She has done all of this for the most part on her own. She currently holds the highest G.P.A. in her class. My husband and I help out where we can, but with 2 others in high school and one in junior college, she is pretty much on her own. She never complains, and is better with her money than most 40 year olds. I am sure there are THOUSANDS of kids just like her, who work HARD to do the right thing, even when it is not the EASIEST thing.
My long-winded point? (sorry)
WHERE is HER mentor? Why wouldn’t a successful person who wants to help deserving people IN TRUE NEED of leadership and advice pick someone like Casey? I think this is what makes me so frustrated when time and again, Casey talks a great game, but never, EVER follows through. After his postings earlier yesterday, I was starting to think maybe Casey had a small awakening. THEN…the NAP post. Casey has a property possibly up for foreclosure, and he SLEEPS for 12 hours. I am sorry, but that DISGUSTED me.
Know what my daughter did yesterday? Went to school for 8 hours, and then worked as a waitress for another 6, then studied for another 3. I got a call from her this morning. She ACED her exam.
Mr. LeGate, I truly admire you for wanting to give something back. But I wanted you to understand a point of view from someone who started out rooting for this guy.
January 24th, 2007 at 9:47 am
MUNCY FORECLOSURE UPDATE:
Trustee sale postponed for a month! Lender is reviewing the 270K cash offer. Appraiser should be going out to the property later this week. Things are moving. Sweet!
January 24th, 2007 at 9:56 am
“What do I bring to the table? I believe I have been blessed by my Maker with an intense curiosity and the ability to spot opportunities.”
How can you not feel ridiculous making statements like this? You’re sitting on 6 underwater properties (Larchmont is a truly beautiful piece of ocean-floor-front property), narrowly escaped financial loss on a different property, and another is tenuously wrapped/unwrapped/rewrapped?/forgotten about. Opportunities to fail forward are not opportunities (except on this blog in Caseyspeak.) And are you not curious about what’s going to happen in bankruptcy proceedings or in criminal proceedings? Come on Mr. Curious, you might want to be seriously looking into those “opportunities.”
You want to skip the hard work / busting your a** stage of being an entrepreneur and go straight to the payoff part. Sure, there are many people who start their own companies, become successful, and retire early, but they work their butts off for years starting their businesses. I’ve watched my friends who have taken that path and many that I’ve worked for, and they’re constantly on the phone or having to go somewhere on a moment’s notice to take care of some aspect of the operation. They aren’t “idea men,” they’re “get sh*t done because no one is going to do it for me” men. I was considering starting my own business at one time, but decided against it because of the amount of time and work that was involved. It seemed like trading my youth for an early retirement.
Have you not noticed that all of the cheerleaders have left? They, being in similar situations to yourself, couldn’t stand watching you do everything in your power to prove the haters right. Casey, I’m sorry, but you are not cut out to be an entrepreneur in any way shape or form. You are the weakest link and the REI community just voted you off the island.
But keep checking the job listings on Craig’s List, maybe you’ll find an opening for “idea man”, you never know.
January 24th, 2007 at 9:56 am
@ Dan
maybe induced wa a poor choice of words.
@ Dan and @ Endgame
Hopefully (crossing fingers) you soon wont have to speculate about the contract. I know everyone has their own opinion, but I would be shocked.. SHOCKED to have anyone with a sincere straight face read this “contract” and tell me in is valid.
You guys laugh at Casey for being “boneheaded”.. wait til you get a load of the way the contract is written…
January 24th, 2007 at 9:57 am
what about the second lender? You think they are going to let it go through with 70k on the line?
January 24th, 2007 at 10:01 am
@Duane post 99 If you choose not to do business with me because I am trying to help, that is a personal decision you must make.
My last attempt was blocked. 2nd try. You might be missing something here. Perhaps it’s not because you think you’re helping that has put people off. It could be that you have linked your business with someone who blatantly admits to committing multple frauds in many states. Is this too small of a crime for you to consider?
January 24th, 2007 at 10:01 am
“…Trustee sale postponed for a month! Lender is reviewing the 270K cash offer. Appraiser should be going out to the property later this week. Things are moving. Sweet! ..”
For those of us who have not been watching the train
wreck all that closely, please review exactly how much money is owed on this property with accrused interest and fees, which entities hold the notes, and whether you are responsible for any shortfall, which I gather to be in the vicinity of $60,000.000 usd
January 24th, 2007 at 10:09 am
Leigh - your daughter doesn’t need a mentor; she IS one. Mentors show how it’s done, & our daughter is getting it done.
January 24th, 2007 at 10:22 am
Duane, quit being a C*cktease. Make Casey post the danged contracts!
Or better yet, post them on your own site.
January 24th, 2007 at 10:24 am
See, Casey? When Mr. Legate began posting here, we “haters” were casting insults, ’cause that’s what we love to do. But then he talked for a while, and this thread now has a long series of regular posters being *gasp* civil to the man.
We don’t cast asparagus on your every move because that’s all we know how to do; we by and large pounce on you when you do or say something stupid, like take a twelve-hour nap during the eleventh hour.
(and yes grammar freaks, I know it’s ‘cast aspersions,’ but asparagus is so much healthier and presents a much funnier mental image)
January 24th, 2007 at 10:24 am
MUNCY FORECLOSURE UPDATE:
Trustee sale postponed for a month! Lender is reviewing the 270K cash offer. Appraiser should be going out to the property later this week. Things are moving. Sweet!
AND THIS HELPS YOU HOW EXACTLY? You’re still drowning. Whether you drown in 2.2 million or 1.8 million in debt, the outcome will still be the same, and you are still in WAY over your head.
But if you choose to ignore that reality….hell, why not celebrate with a jamba juice, or better yet, some Macaroni Grill, and then book a trip to the Tony Robbins “Unleash the Power Within” event in San Diego on March 19.
January 24th, 2007 at 10:26 am
Casey, a word to the wise….
If I were you i would hire some mexicans (or mexicants) to give that place a good cleaning.
Just a thought.
Julian
Associate Trailer Park Supervisor(new title)
Producer of the new show, “Flip this Trailer”
Rehab Specialist(drug, alcohol and trailers)
Friend to Ogg, Homey the clown and Casey Serin
Looking for a date from that HOT R/E lady
January 24th, 2007 at 10:27 am
“I would be shocked.. SHOCKED to have anyone with a sincere straight face read this “contract” and tell me in is valid. You guys laugh at Casey for being “boneheaded”.. wait til you get a load of the way the contract is written…”
So why did Casey sign it? Is this not yet more evidence of his complete unfitness for any business-related role?
January 24th, 2007 at 10:32 am
Casey said: “Lender is reviewing the $270K Muncy cash offer. Appraiser should be going out to the property later this week. Things are moving. Sweet!”
Sweet for you, but not the 2nd TD holder who won’t get a penny…
January 24th, 2007 at 10:34 am
@Leigh
“WHERE is HER mentor?”
“Know what my daughter did yesterday? Went to school for 8 hours, and then worked as a waitress for another 6, then studied for another 3. I got a call from her this morning. She ACED her exam. ”
Leigh… Her mentor is you. Re-read your post. You have raised and are raising a person that understands that effort and hard work lead to something. That says a gread deal about her. I says even more about you.
Your daughter should be proud to have a mom like you.
January 24th, 2007 at 10:34 am
Leigh: In Caseyworld, your daughter is a sucker! Why work when you can make “sweet” deals.
Honestly, she is doing fine. A mentor is a great thing. What she may need to do is intern for somebody one day a week. That is an excellent way to learn from the best without paying for scam guru classes and lame Universities where nothing is accredited.
I wish you the best of luck. Casey thinks we hate him but if this post isn’t proof we hate WHAT HE IS then I don’t know what is. I respect ANYBODY who works their butts off. I do NOT respect lazy people who sit around waiting for bogus “sweet” deals.
January 24th, 2007 at 10:36 am
Casey, if you want somebody to “care” about you, get a dog.
Duane LeGate, you need to get a thicker skin, pal. You’re the one who put your name in the comments section of Casey’s blog. Now we are all free to comment on what you said. No one owes you a phone call.
January 24th, 2007 at 10:40 am
Nobody would ever HIRE Casey to be an “idea man!” First and foremost, he’d need to show a potential partner/employer a history of his successes.
He is really a confused young lad. But I don’t hate him. I criticize out of love
Aelfscine, btw, speaks completely for me on why I comment. I ONLY rip on Casey when he says something silly or plain dumb. If he ever did do something good, I’d give him props (Casey speak since he loves all that new fangled slang!).
January 24th, 2007 at 10:44 am
My 2 cents on Duane…
I admire you for trying to rehab our young Mr. Serin. I just don’t understand what you will GET out of this?
I own a few businesses and could never do business with Casey. He’s too reckless for my tastes.
January 24th, 2007 at 10:45 am
I’m going to cast asparagus before pearls and throw swine from the train. toodoloo
January 24th, 2007 at 10:47 am
*cough*
Didn’t prlinkbiz have you sign a non-disclosure agreement? And, um… you disclosed the entirety of the contract to Duane, who just admitted as much publicly on your blog?
Man, you never learn how to honor those contract thingies, do you?
January 24th, 2007 at 10:47 am
Julian, Ogg, et al. Given the flipping craze is over, how about cashing in on the pimping craze instead. New title for you: Producer of the even newer show “Pimp My Trailer”
January 24th, 2007 at 10:49 am
Yo Yo Casey?
Where is you? Me and Be’zhawn and Starkeiha and Mocha be waitin’ fo’ ya’. We had some time last night! Right on! Man o man! Right on! We wint clubbin waaay down by No’wood an El Camino. ‘S coo’, bro. Dat Mocha kin shake it. Man! You’s all be missin out on some fine booty. Slap mah fro! he gave ma some little botty call last night and it wuz fine! Right on!
Anyway, some while back ah’ wuz waaay down in Compton visitin’ some cousin and ah’ went lookin fo’ some sweet deals. Here be one ah’ found dat wuz way sweeta’ dan all de rest! Right on! It be in Lynwood. 675 square feet uh 2 bedroom 1 badroom elegance all fo’ de incredibly low price uh $425,000. I’m tellin’ ya’ dis as one real estate professional t’anoder, dig dis: steal de damn place and flip it. Man! You’s dig an easy $600,000 by June. You’s do it right and ya’ duzn’t gots’ta make any payments at all. Just snatch some sweet cash out at da damn closin’ and ride da damn late payments t’de second escrow, so cut me some slack, Jack.
Here it is, dig dis: http, dig
http://www.homeseekers.com/Scr.....mp;_vp_cb=
That be one fine crib!
Ohh, Moch be comin back right now, so cut me some slack, Jack. ah’ gotss t’be goin. ‘S coo’, bro. Man she look sweeta’ dan dat dat fine femahnaine ladee chick Amy rights about now, so cut me some slack, Jack.
w0rd
January 24th, 2007 at 11:03 am
CASEY,
GET THIS BOOK, “REAL ESTATE RICHES” BY DOLF DE ROOS,
IT’S RECOMMEND BY “NATIONAL ASSOCIATION OF REALTORS”
READ IT TWICE AND BE GOOD
YOUR RICH DAD
January 24th, 2007 at 11:04 am
Duane, how do you expect Casey to pay back every dirty penny he borrowed? If he manages to sell some of his properties via short-sale, how will he make up the difference to his lenders?
Casey, this blog is the epitome of a Pyrrhic victory–you may have garnered page views and site visits, but at the cost of incurring the enmity of many, many people. I guess in your estimation this is worthwhile, but having so many people actively root against you and work toward your unraveling had to be unsettling.
You do know people are copying all of this information and providing it to local, state, and federal authorities, right?
January 24th, 2007 at 11:07 am
@Duane LeGate
I eagerly await the posting of the contract(s).
One of Casey’s weaknesses (I’m not casting stones - I have my own weaknesses) is that he thinks everyone is a friend and wants to help him. Hopefully you can get him to see that’s not always the case.
BTW, I’ve said for months now that Casey “needs adult supervision”. It appears that he currently accepts you in that role. He needs it!
January 24th, 2007 at 11:13 am
Define SWEET for us please?
I don’t think it means what you think it means…
You are have loans on Muncy totaling over $325K and you collected how much at closing when you bought this POS?
Now you have an offer at $270K and you are acting like you made a killing! This is a HUGE loss! Granted, you won’t be paying the price for your mistakes, but the lenders will.
How do you feel knowing that you LIED and stole (undisclosed cash back after closing I would call stealing) and now the banks will lose upwards of $50K and you are thinking “Sweet” and ready to buy apartment buildings?
I wouldn’t trust you to sell 5 boxes of girl scout cookies without paying for them in cash, up front.
WOW! Talk about needing a reality check.
January 24th, 2007 at 11:13 am
Duane - If the contract is as silly as you say it is, it only means Casey is that much more of an idiot for signing it and jerking the chain of the “East coast mentor”
I’m trying to figure out if Casey will tell us in the future that you are a great guy but still have a “hater” mentality.
Have you trained chimpCasey to open his mail yet?
Can you tell us what you think about how chimpCasey bought his “great deals” from a “wholesaler” and bought properties without even looking at them?
January 24th, 2007 at 11:15 am
@Dolph
“I just don’t understand what you will GET out of this?
I own a few businesses and could never do business with Casey. He’s too reckless for my tastes. ”
Maybe I will get someone that has good programming skills…
maybe I will get nothing but grief.
If Casey does turn.. and that is what would excite me most.. I would get satisfaction… you cant hang a price tag on that.
Is Casey reckless?? to the nth degree… heres to hoping that he will curn those thoughts to do the “right” thing..
January 24th, 2007 at 11:17 am
KW- cork it.
Casey, about the NDA, remember the old phrase: In for a penny, in for a pound. You told Duane, now tell us. Maybe you can help save other people from prleechbiz’s exploits.
Besides, if you violate your half of the contract, what’s she gonna do? Sue you? Um, don’t think so.
Besides, if she’s trying to exploit you, don’t you come out ahead by outing her? This is one instance where I believe you truly ARE the victim and you shouldn’t stand for mistreatment.
January 24th, 2007 at 11:19 am
I like this new character, “duane.” He adds much needed depth and reason to the main story arc, and provides some fresh conflict to the PRlink backstory.
I see some good plot twists on the horizon. Stay tuned!
January 24th, 2007 at 11:29 am
Hey Casey,
Maybe Mayhem has a good point…Go to the American Idol tryouts. This is how it’ll go.
Simon: Why do you think you’ll be the next American Idol?
Casey:I’m 2.2 Million in Debt and I need the money to pay back every dirty cent.
Randy & Paula: WOOOOHHHH!!!
Simon: Are you bloody serious??
Casey: I believe I have been blessed by my Maker with an intense curiosity and the ability to spot opportunities. And I believe we have one right here.
Simon: Alright then. Let’s see if your voice can get you out of this hole. What will you be singing?
Casey: Singing??? I can’t sing.
Simon: Then why pray tell in the world do you think you can be the next American idol if you cahn’t sing.
Casey: Since my magic brought this opportunity together. I thought it would be your job to figure that part out. My idea is for you guys to make me the next American Idol and it’s your job and the bean-counters to spot holes in my ideas so we can improve upon it until we have a sweet plan. Then we delegate the execution of the plan to people who are highly trained in each particular area. It’s a win-win situation.
Randy: *Shaking Head* You can’t be serious dawg.
Simon: *Laughing* So let me get this straight. You want to be the next American Idol by doing nothing while we do all the work for you.
Casey: Well I did create this opportunity didn’t I? It’s obvious that this deal can’t be any Sweeter without me. Well of course the only thing I ask is that I only do endorsements from Jamba Juice and Denny’s…Ohhh and of course my new buddy Duane. Shout out to you too. *Points to the Camera*
Paula: Casey…Casey. Stop! Honey you do know this is a singing talent show right.
Simon: Give me a break!! He cahn’t be serious. He’s nothing but a lazy joke. Geez…He’s 2.2 Million in Debt for crying out loud. He’s nothing more than a piece of S–T and a F–K up.
Casey: Hey Simon. That was a little rude. Could you please keep your comments organic. And I’m not lazy. I like to think of myself as entrepreneurial and I got into trouble because I was overzealous with some real estate properties.
Simon: You know what…Stick with Real Estate. You being 2.2 Million in Debt is considered a head start compared to the amount of work needed for you to become the next American Idol.
Casey: But I can’t go back to real estate. I promised Duane not to chase the shiny object any more. What if I signed a 50K promissory note for you guys. Would that change your mind?
Simon: GET OUT!!!!!!! I cahn’t believe you wasted $2K to come out to these auditions.
Casey: I didn’t. I got some corporate credit and used that to finance this opportunity. It was a sweet win win deal and it’s all about leveraging all of your sweet win win deals to make it happen.
Simon: GET OUT YOU PSYCHO!!!! SECURITY!!!!!!
*Ryan Seacrest talking in the background as we watch Casey walk out of the tryouts*
Ryan: Well I guess Casey does have creativity, curiosity and a positive attitude to spot opportunities. But let’s see if he figures out that eventually he’ll have to do some hard work to accomplish any of his goals…
January 24th, 2007 at 11:30 am
Only you, Casey, could view a month delay as “moving along.”
January 24th, 2007 at 11:34 am
*G*reed is not good.
*A*ccept what you cannot change.
*L*ittle things sometimes make a big difference.
*I*ntelligence can be measured many ways.
*N*ever stop trying to improve.
*A*nother thing- enjoy the present moments.
-BC
January 24th, 2007 at 11:40 am
@ Casey,
Since the NDA on the prlinkbiz contract is shot (you showed it to Duane) why not post it in its entirerty for us to all see?
@ Duane,
I hope that you get what you are looking for out of this. Just to echo what everyone else is saying, FOR THE LOVE OF GOD BE CAREFUL! Casey has a knack at blowing even the best opportunities and screwing people over (whatever happened to the wrapped/un-wrapped/wrapped buyers in Utah?). You seem like a guy that has his head on right, just keep CS on a SHORT LEASH for your own wellbeing.
January 24th, 2007 at 11:59 am
Duane…at the risk or raising your “ire” (BTW - correctly using that word dissuaded me of the notion you are really Casey)…
you wrote “Mr. SoaponaRope. I do not own any company that lists properties.”
Am I missing something? Aren’t you that big “Buy Houses” block on C’s blog? When you enter information in the “GET AN OFFER ON YOUR HOUSE TODAY” section one might you would “Buy houses fast.” Maybe THAT is the sort of concrete “listing” help soap referred to…and you denied having. Hm.
January 24th, 2007 at 11:59 am
Ben Stein How Not to Ruin Your Life–A Home Truth about Real Estate Investing
“…sold it for about $125,000. That was in 1982.[…]By complete coincidence, a condo very similar to the one we sold in 1982 came on the market and I went to look at it. A lovely spot, to be sure. But the asking price? $345,000[…]
“That means the house has kept up with inflation — barely.[…]
“On the other hand, if the same person had bought the Dow in 1982, he would’ve made roughly 10 times the money by now, not counting dividends, which would have meant he would’ve made close to 20 times the money.”
January 24th, 2007 at 12:19 pm
@Leigh
Thank you for sharing your daughter’s story. She seems like a hard-working girl with her head on straight. No doubt that if she continues along the path she’s on, great things will happen to her.
@RobBBB
All of your animostity toward the “9-to-5″ “cubers” makes you sound awfully stupid. What’s a cuber, anyway? If it’s someone without imagination who drudges through the day, then okay, sure, that’s a path to nowhere. But if a cuber is anyone with a real job (i.e. real responsibility), then you should be ashamed of yourself for belittling them. What’s your alternative? Paying “gurus” to tell you what you want to hear? Why don’t you pay me $3000 and I’ll feed you all the nonsense you want to hear… for 7 hours, because this cuber’s time doesn’t come cheap. And by the way, using someone’s handle on a blog bulletin board isn’t identity theft and it isn’t a crime, so stop making a fool of yourself.
@Everyone
Real estate investing for dummies party is over! Get it through your heads! You’re actually going to have to work for a living, or create something of real value! If you still don’t believe me, I have some Pets.com stock you can buy– guaranteed to appreciate 20+% every year!
January 24th, 2007 at 12:22 pm
Oh, and one more thing:
@Rob BBB
Casey runs this blog. If he makes money off of it, that’s the most honest money I think he’s earned in a while. But it isn’t passive income… he spends a good amount of time working on this. It’s called entrepreneurship. It involves creating something and it takes time and effort. And that’s the kind of income that none of us will begrudge.
January 24th, 2007 at 12:23 pm
Yo Casey, how do you think PrLinkBiz is going to take your sharing the contract with Duane in breach of your NDA?
January 24th, 2007 at 12:39 pm
@ Leigh (255)
::discreetly dabs away a tear::
That was beautiful. Amen.
It’s gratifying to know not *all* young people are materialistic, selfish little sots as it may seem.
Kevin, Dolph are both right; you can credit her upbringing and her own intelligence and resourcefulness for her wonderful drive and ambition.
Maybe Casey’s mom wouldn’t cry so much at night if she saw some of those qualities in her little boy.
January 24th, 2007 at 12:50 pm
Oh, and Re: Duane
Now now, people, let’s not crush the hopes of the idealist. Maybe he *can* have an effect on our thick-skinned fair-haired friend–maybe not. We keep trying to have an effect; we keep coming back, day after day, posting our opinions and our advice… yeah, the tone varies, but it’s not so different. And what are *we* getting out of it?
So what’s so different? That Duane is being diplomatic and even nice; trying to use positive reinforcement instead of constant censure as some of us (I being an great offender) tend to use instead?
He too will eventually learn that Casey doesn’t take advice or listen; Casey does what Casey does. How he deals with that; remains to be seen.
January 24th, 2007 at 12:55 pm
Casey,
I may echo what so many others have said on here, but as an *established* buisiness person who actually has CASH flow, I have to say that there is NO WAY I would “partner” with someone such as yourself.
- You have absolutely no money to put up. In fact, you have a negative net worth approaching one million dollars, so you can’t even borrow. (I have great credit and can borrow on my own if I need to, “partner”!). If you want a chunk of my action, you’d better take on some of the risk.
- You have no real education. Scam seminars are not education. I can’t work with you if you have no worthwhile training.
- You have no useful experience. I’d only partner with someone who’d actually accomplished something.
- You have no work ethic. You expect to share the wealth when you contribute nothing. Don’t expect me to do all the work and fork over a chunk of the cash.
- You lack basic honesty. You lie to get what you want. I can’t work with someone who I anticipate will BS me at every opportunity.
- You have no desire to learn. In fact, you don’t listen to anybody except hucksters at various scam seminars. If you don’t listen, I don’t want to work with you.
- You have no useful ideas. Your idea to “Make sweet deals in real estate” is about as useful as “lets get coffee”. In fact, I think that going for coffee sounds like a much more valuable idea. However, I am not going to pay you to suggest we go for coffee.
So, as far as I can tell you are NOT bringing anything to the table that would be useful in ANY business proposition whatsoever.
That said, there is NO reason that ANY legit business guy would partner with you. The only propositions people like you get are scammers looking to separate you from those last few bucks you might have.
Get a job, Casey!
January 24th, 2007 at 1:02 pm
@274 Ethical Realtor
Neither cast your swine before Pearl Bailey.
So saith the Lord.
January 24th, 2007 at 1:09 pm
@190. Duane LeGate…
I’ve been reading this blog since the article in USA Today came out and I’ve seen Casey not only ignore almost 100% of sound advice but in most cases do just the opposite. Most legitimate folks (e.g. A*y) bail out soon after getting involved with him. So I think the posters here are just a little skeptical of how you are any different than any other person associated with this website.
I’m guessing there have been very competent attorneys, CPA, bankers, and the like scattered throughout this blog. While most of us are haters, we still try to throw in some advice for Casey to ignore.
With respect, I give you 15 days max. Just my opinion.
January 24th, 2007 at 1:15 pm
Ethical Realtor in DC:
Ogg like idea. Ogg do decoration. Show how sweet hide and animal bones turn trailer into pimping pad.
January 24th, 2007 at 1:16 pm
One quick suggestions,
It would be much easier to follow our Favorite Failed Flipper’s updates if he posted them as new posts versus commenting. Anyone else agree?
GameOver
January 24th, 2007 at 1:25 pm
Stephanie…you are still our pin-up heroine but I think I speak for many when I say… we appreciate your kind words for Duane but we prefer you in slap-sense-into-him mode.
January 24th, 2007 at 1:37 pm
BIG CHEESE ROCKS!!!!!!!!!!
‘nough said.
GameOver
January 24th, 2007 at 1:38 pm
@ #286 -
ROFL!!!!
hands down, best post i’ve seen yet!
mad, mad props, yo!
January 24th, 2007 at 1:44 pm
@191. Duane LeGate
Hey Mother Theresa, stop patting yourself on your back and climb off your high horse for a second.
Did you not know this is a comedy site?
When Casey says things like “Deals just come to me magically” How can you not laugh at that?
By aligning yourself with Casey, you will also be laughed at. You seem like a pretty smart guy, I’m surprised you haven’t figured that out yet. A. sure did.
And spare us the altruistic mumbo, if you truly want to help someone, why pick someone who:
1) Plowed through an estimated $350-400k of other people’s money in a year and has nothing to show for it, and can’t, or more likely doesn’t want, to say where the money went.
2) Admitted on this blog that he committed fraud and said he would plead guilty if charged.
3) Sold the Utah property, even though he knew it was illegal because of the due on sale clause. Later found out that the new owner’s payments were not being forwarded to the “new” lender, and did nothing about for over 2 months. Now the new owners, who bought the property in good faith, stand to loose the $110k they have put into the place, because Casey can’t be bothered to open his mail.
You sir are here to make a buck, nothing more, nothing less. Anyone who believes otherwise is simply naïve. And don’t get me wrong there is nothing wrong with trying to make a buck, but remember when you lay down with dogs, you wake up with fleas.
BTW I was laughing my a** off when you called out soaponrope. Lighten up Francis.
January 24th, 2007 at 1:44 pm
Best book: Funny. I picked this name based on his lame radio commercials. He sounds like another guru who is selling useless info.
But then again, if the NAR recommends him, maybe I picked the right posting name
January 24th, 2007 at 2:02 pm
LostCause,
Thanks for the Ben Stein article. It makes perfect sense…in the long term houses will match inflation and (hopefully!) wages. A house is an investment, but it’s also a consumer good…just like a car, tv, toaster, shirt, etc…just on a much larger scale. I don’t understand where “investors” like Casey fit into the whole scheme…they’re not producing the houses (builders), they’re not matching sellers and buyers (realtors), and they’re not rehabbing. What are they doing?
Casey, please comment on the Ben Stein article. I would like to know how you can justify buying properties and artifically inflating the price.
January 24th, 2007 at 2:24 pm
Ralph… I did attempt to rehab those houses and I did match a buyer and a seller with me in between like a realtor does except I took title long enough to fix it up and sell at retail. Problem is that I mismanaged the repairs and I also didn’t buy the houses at a deep enough discount to begin with. The value a rehabber brings to the market is taking a crappy house and making it nice, improving the neighborhood and increasing supply of good homes.
January 24th, 2007 at 2:30 pm
@ Everyone,
Anyone else sick of hearing “sell at retail” or “I was trying to buy below market”?
This attitude shows a complete lack of understanding of a market.
Do you think a seller would give you a cheaper price because you were not going to live in the house? Of course not, they don’t care what you were buying the property for.
WHEN YOU BOUGHT THE PROPERTIES, YOU MADE THE MARKET WHAT IT WAS.
What you were actually trying to do was ADD VALUE to the property after purchasing it. As many have said before, you don’t bring squat to any deal and therefore were screwed from the beginning.
GameOver
January 24th, 2007 at 2:32 pm
Let’s introduce Leigh’s daughter to Casey for a blind date after Casey’s divorce.
(apologies to Leigh and her daughter for that attempt at humor).
What does Casey bring to the table?
1. Magic
2. Magic bean (for the bean counters)
3. Lightbulbs (for his ideas)
4. An all day siesta
5. Refreshments - coffee and juice
January 24th, 2007 at 2:32 pm
Yep Casey, cash back deals will NEVER allow you to buy at a deep enough discount.
Argh…
January 24th, 2007 at 2:33 pm
Gee Casey…did Ralph hurt your feelings with the truth?
January 24th, 2007 at 2:39 pm
http://sacramento.bizjournals......ily24.html
January 24th, 2007 at 2:48 pm
DL wrote,
In the same sentence he used those two geniuses Amy and PrLinkBlitz as a standard. Just as Casey was wrong, THEY were wrong. They tried to OWN every piece of Casey.. now and FOREVER.
I thought that Amy was good, and Prlinkbitz, was bad? When or why was Amy bad?
Casey pull the plug, before you go to prison,
91Q45
January 24th, 2007 at 3:02 pm
@ Anony Mouse
I’m just trying to diversify. I don’t want to be typcast as the raging hellion vowing to pimp-slap Casey on *every* post. You know, I’m mixin’ it up.
I’ll probably be back in murder-mode on his next post where he will make some blah statement; and then cap it with either: “I’ve decided to borrow $20,000 from a friend which I plan to use as seed money for…”; or “As soon as I get away with this rap… I’m going to invest in this unit I saw…” -or- “..There’s this course on Real Estate Investing being held in Cancun—And it’s only $15,000—I’m sure I can scrape up the money for that somewhere… I’m sure it will help me solve my problems!”…. You get the drift.
Guaranteed… You’ll see the ire again. Right now? I’m just bored. :::yawn::
January 24th, 2007 at 3:03 pm
Muncy sale….err…..auction?
How’d it go?
REAL updates please none of this advertising BS. We aren’t here to buy products you push.
January 24th, 2007 at 3:21 pm
I’ll ask yet again:
Utah wrap?
Chris job?
NM house?
-> Duane - in your role as Casey’s adult supervisor, can you get him to address those issues and give us the update he’s promised (and missed) several times? tnx
January 24th, 2007 at 3:25 pm
Casey - you’re days overdue in giving us your responses to the “top 5″ that you asked for in the first place.
Yet another example of: you started something, other people did their part, then you’re dropping the ball on completing it.
Honor your committments!
January 24th, 2007 at 3:26 pm
Don’t care for any sponsorship that has investment advice for sale…just me.
Read some good books on real estate and attend local real estate investment clubs…you’ll do much better and save a ton of money.
January 24th, 2007 at 3:42 pm
Hmmm.. 30k in ‘courses’… I guess you could have a college education and something to fall back on…
January 24th, 2007 at 3:47 pm
Ralph… I did attempt to rehab those houses
But got taken to the cleaners because I have no idea what I was doing . It’s not my fault I had my judgement blurred by all the free money falling from the sky. Now you expect me to pay it back? That’s crazy no one makes payments you just sign up and they give you houses and cash back. Don’t you know anything…. That’s how casey rolls…. 10% to god and alls good ya’ll.
www.ELToroEnergy.com
January 24th, 2007 at 4:02 pm
Big Cheese:
Post #288 is beautiful. You are the master.
January 24th, 2007 at 4:06 pm
ALL YOR HOUSES IS BELONG TO US!!!!
HAHAHAHAHAHAHAHAH!!!!!
January 24th, 2007 at 4:16 pm
Casey said:”Everyday I open my inbox and mine my emails for gold nuggets of opportunities and the makings of a sweet deal. ”
OK, who’s writing his script? Nobody talks this way in real life. Sputnik, the cat……is this your work?
January 24th, 2007 at 4:28 pm
Casey @155 (yeah, I’ll pile on)
“That’s why my ideal job would be to devote 100% of my attention to establishing connections, identify opportunities, and putting together deals on high level - brainstorming and making a rough draft.”
Casey, my husband is an “idea man” in his field. Admittedly, he’s not hugely well paid because he has elected to stay in education, but I’ve watched him be Idea Guy long enough to know a few things about it:
1) Idea Guys have to be VERY careful of the people they choose to work with. Indiscriminate sharing of information leads you to get screwed like a junkyard dog in heat.
2) Idea Guys have to have the education or experience to know how to put their ideas into operation. In other words, the only way to supervise the people you’re trusting to do the actual work is to have the ability to DO The actual work to know that its being done right.
My husband comes up with ideas. He shares them with his “team” of other researchers, technicians, grant managers and the like. But he has to have a full, deep, understanding of what those people will be doing to implement the plan they lay out.
In fact, to take it a step further, in order to HAVE these Sweet Ideas, he has to have previously studied the field and done the work himself. That is how he RECOGNIZES a Sweet Idea when it happens to him. That is how, when he’s looking at his results, he can say “Holy crap, that’s really novel! I bet we can do something with that!”
In other words, its a bit like “you have to have money to make money.” You have to HAVE knowledge to ATTAIN knowledge.
You have no life experiences. You don’t know what a rehabber does because you’ve not done it. You’ve probably never lived in a house that needs rehabbing, either. You’re trying to line up “sweet deals” when, quite frankly, you don’t have enough experience to know a truly sweet deal when it smacks you in the face.
January 24th, 2007 at 4:33 pm
Duane, good luck, my friend. You will need it.
You sound legit, and I think your head is in the right place. The first “tell” I got on this is that you’ve stated Casey has to go cold turkey on sweet dealing for six months.
If I were you, though, I’d extend that moratorium to about six years. All of us here are pretty convinced Casey has some large (and ill-gotten) coin stowed away somewhere. Since those monies are the proceeds from various bank frauds, the minute he puts it toward any new deal (with you as his associate), you have ceased being his advisor…and have become his co-conspirator.
I only fear that you are wasting your time trying to do some serious good for a mentally ill criminal whose blog is a source of entertainment…not serious RE information. I cannot imagine ANYONE coming here to learn about RE investment.
January 24th, 2007 at 4:57 pm
Regarding the Casey hitting the American Idol tryouts, the last contestant in the Minneapolis show certainly reminded me of our boy Casey. He sang with a hoarse gravely tone, like he was on his deathbed and every note brought him more pain. When the judges asked if he could sing any other way, he said NO, that’s how he sings PERIOD. Since they liked him as a human, they gave him 15 minutes to find an Abba song to sing which he did and slaughtered it with as much self awareness as Casey has doing sweet real estate deals.
When it was clear he was going to get the boot, his “that’s how I sing!” attitude evaporated. He pleaded with them that he COULD improve if he could just work with their voice coaches in Hollywood. Suddenly he decided that maybe he COULD sing differently if only they would fly him to Hollywood and pay someone to teach him how. As if he were the only boy in the world who deserved it.
Like our boy Casey, he was convinced that he was destined to be a star. As soon as everyone around him finally realized this, everything in the world would fall into place for him without him doing any work.
January 24th, 2007 at 5:02 pm
Hey Casey,
That 5K in passive income. Have you done an analysis starting with GSI and ending with cash? What’s your cap rate?
Have you done this on your prospective apartment building and just not posted it here ? Let me know.
Also - if I said the mortgage is $80K, and interest rate is 7% do you know how, using a financial calculator, to determine your monthly P&I assuming 30 year pay back.
We need to know.
You said Real Estate is your passion. Well let me know if you have done the above….
Loads O Money
January 24th, 2007 at 5:19 pm
you ATTEMPTED to rehab the houses. i’d say you only succeeded on one. the rest of the cash back at closing went to Jamba juice, trip to Hawaii and living large like a player.
January 24th, 2007 at 5:54 pm
Isn’t it funny that an established businessman like Mr. Duane LeGate, who claims running multi-billion dollars transactions businesses, would be in an Internet blog defending a mortgage lawbreaker and arguing with random people?
By seeing Mr. LeGate associating himself with Casey, I am already skeptical about his businesses. Now seeing him arguing like a high school kid in the blog, I am totally not convinced at all.
January 24th, 2007 at 6:03 pm
@ Ralph 232
Re: Fargo (one of my favorites, along with Big Lebowski)
Yes! and Bill Macy’s father in law says that Stan Grossman (the CPA/finance guy) has looked at “the numbers” and they look “pretty sweet!”
(that’s before he makes it clear that Bill Macy will only get the finder’s fee).
Casey’s numbers look pretty sweet!!!!
(I bet he’ll end up like Bill Macy in the last scene, in his underwear, being handcuffed on his motel bed by cops who have come to arrest him.)
Or, Casey may end up in a world of pain, because nobody f***ks with the Jesus!
January 24th, 2007 at 6:06 pm
* Duane:
Not being an RE expert, a question for you.
A $270K Muncy short-sale looks like it would generally cover the 1st + fees, etc. But does not look like the 2nd would get anything.
Can the 2nd stop the short sale? Do they have any voice in the process, or do they have to follow the 1st’s decision?
Thanks.
January 24th, 2007 at 6:14 pm
Duane - what’s the deal with “A” the realtor? You seem to put her and prlinkbiz in the same category.
I know that many of us suspected that “A” convinced Casey to sign the $50K note so she could turn a commission.
Is that it - or something else?
tnx
January 24th, 2007 at 6:47 pm
Casey is going to be Duane’s “Mikey” ala American Chopper. Doesn’t get any work done but makes him laugh.
January 24th, 2007 at 6:52 pm
hmm…it has now been over 6 hours from the last moderation of comments. Could it be that our Favorite Failed Flipper is catching some much needed shut eye after downing a JJ w/wheat grass shot to celebrate the delayed auction?
Or maybe it was a celebratory dinner at Denny’s…
January 24th, 2007 at 7:02 pm
You want mentors so badly, go talk to these two…
http://www.dailymail.co.uk/pag.....ge_id=1770
At least they have done what you are trying to do… you won’t learn anything because you won’t listen anyway, but there you go.
January 24th, 2007 at 7:20 pm
Dwyane LeMoat,
Why are you posting and trading barbs here for? Don’t you have a business to run?
“Your cynicism says a lot about you. You have a problem with me?? Be a man about and discuss it with me.. not to me.” -
I guess you like having your nasty side out there for all to see. Dude now you are associated with old CS you opened yourself up to this type of comment. You have claimed to have followed this blog for sometime and you didn’t realize this. Yet another check against your veracity. As for the contract that you are so hysterical about - that issue was brought up months ago. Your charity case here never posted the contract and has been vague about the details so don’t lecture us on that one - we’ve been there done that.
Lighten up Francis…
PS - Feeling around here is that casey is posting under your name.
January 24th, 2007 at 7:39 pm
Dan:
“#1. They did not induce Casey to sign anything. … If they pointed a gun at his head and said “sign this or you die”, then they did induce his signing of the contract, and there isn’t a court in the country that would uphold the contract under those conditions.”
Where did you get the idea that “induce” means to hold a gun to someone’s head? It just means to lead or to persuade. Get a grip.
Casey:
Your “magical” post was really sad. Laugh-out-loud funny, but still sad. Please, please get help!
Aelfscine:
I anticipate using your “casting asparagus” phrase in upcoming conversations. Hope there’s no copyright issues!
January 24th, 2007 at 7:44 pm
The 5 reasons post was put out there by Casey to show what a good birddog he would be for his new master.
The upside of this new sponsorship is that thoughtful commentators might not be wasting their efforts, as the sales pitch will probably remain until 1000 comments have been attained (ie their comments may not he relegated to the obscurity of yesterdays posts at Casey’s whim).
At least for today.
@Duane
I think you’d have done well (better) to remain the sole silent sponsor and have Casey allude to you occasionally ‘in passing’.
Most posters here, are here to snicker at Casey in front of his back and you getting in their faces makes you seem like the developmentally disabled boy’s mom climbing into the treehouse; more specifically, your boy’s treehouse, where we make ourselves at home and make fun of your boy.
Guess we’ll have to wait in the alley…
January 24th, 2007 at 7:48 pm
@91q45 post 316
I think I may have gotten the names confused.. erin and Joy?? Instead of Amy… It was November-early December when I spoke to them
January 24th, 2007 at 7:50 pm
@Franklin post 321
I know Bill Bronchik… author of one of the books you mentioned… he is great!
January 24th, 2007 at 7:55 pm
@ Endgame
Sir.. you do make me chuckle..
you wrote..
“-> Duane - in your role as Casey’s adult supervisor, can you get him to address those issues and give us the update he’s promised (and missed) several times? tnx ”
Casey may be revisiting his top 5 and his goals for 07. I am hoping (crossed fingers…) that you will be seeing someone that will be taking the proverbial bull by the horns in terms of facing up to his immediate tasks at hand…
first things first…
January 24th, 2007 at 7:57 pm
@ Sara .. post 327
AMEN!!
January 24th, 2007 at 8:01 pm
@ Loads of Money post 330
“if I said the mortgage is $80K, and interest rate is 7% do you know how, using a financial calculator, to determine your monthly P&I assuming 30 year pay back.”
No need to use a calculator.. use a factor rate.. is your point that you are smarter than the rest?? I concede
January 24th, 2007 at 8:02 pm
Sara:
Sputnik hardly come around any more. Ogg take over shoe-pooping. Where Casey’s shoes?
January 24th, 2007 at 8:03 pm
@Alex post 333
I need you for validation.. will you reconsider..
January 24th, 2007 at 8:04 pm
Hey Duane,
Can’t keep all the grifters, low-lifes, accomplices, hangers-on and general gacks hovering around Casey straight?
It’s like a Bosch painting…or a bad telenova.
I like your addition to the mix here, though. You’re filling the need for a Richie Cunningham-type: bright, homest, upbeat, appealing.
That will heighten the pathos when Casey sticks the shiv in your back.
Good times. Sweet.
January 24th, 2007 at 8:06 pm
@ Alex… continued..
“who claims running multi-billion dollars transactions businesses”
I have never claimed to run a multi billion dollar business… if you are referring to my website.. that is referring to the value in dollars of the property that have come to our website and we have helped transact.
January 24th, 2007 at 8:11 pm
@ EndGame post 335
Every state has different laws… in Georgia we would most likely see the 2nd mortgage rep show up at auction depending on their interest in the property (% of secondary loan versus value).
Usually secondary liens (mortgages and others) get busted out in a foreclosure process.
There are judicial and non judicial states.. not sure what California is or how it differs from GA.
I could find out for sure if you wish…
January 24th, 2007 at 8:14 pm
“336. Endgame Observer
January 24th, 2007 at 6:14 pm Duane - what’s the deal with “A” the realtor? You seem to put her and prlinkbiz in the same category.
I know that many of us suspected that “A” convinced Casey to sign the $50K note so she could turn a commission.
Is that it - or something else?
tnx ”
Hey gang.. I think I may have unintentionally opened a can of worms…
There are 2 people that are involved with the contract… I said Amy off of memory…
I am VERY SURE I AM WRONG….
I think it is Joy and Erin…
I do not wish to cause Amy ANY ill will…
January 24th, 2007 at 8:17 pm
@ Duane / 343 -
Erin is prlinkbiz. Amy is a Sac realtor who has the Larchmont listing. So, yes, sounds like you didn’t mean Amy. Casey never told us who Erin’s partner was on the ‘deal’. (And actually he never told us Erin’s name)
January 24th, 2007 at 8:18 pm
@Clotpoll
Believe me I have considered the possibility…
January 24th, 2007 at 8:20 pm
Yes Duane, its actually Joy and Erin that you were referring to… more on that tomorrow. I’m tired of putting up with how they are treating me, it’s time to tell the full story.
As far as Amy… she DID NOT make my sign that 50K note. She told me to check with my own advisors before signing. I decided to sign because it would facilitate a short sale on that property. And a short sale in my eyes is better than just giving up on the property and let it go to foreclosure. This way I can repay the lender at least some of the money.
January 24th, 2007 at 8:23 pm
@Fielding Melish
“I guess you like having your nasty side out there for all to see. Dude now you are associated with old CS you opened yourself up to this type of comment. ”
Fair enough. I only responded when someone took a WAY out of bounds cheap shot at me.
I have let many a comment pass.
I will agree with Casey one ONE thing. There are 3 types of people here.
One of those types could be broken down into 2 categories…
Extremely Pessimistic and Toxic
And ..as Casey Puts it… Haters..
If I spoil your view of the train wreck.. can we still be friends?
January 24th, 2007 at 8:24 pm
@353.
‘Hey gang..’
gang?
Please mom…you’re embarrasing me…
January 24th, 2007 at 8:26 pm
Duane, welcome to a day in my life. I should have warned you about them.
January 24th, 2007 at 8:34 pm
@ 315. Kirk
Nice link to story that Sac has over 60% chance of falling prices — leading the nation! I think I will base my business plan, career and happy marriage prospects on making my money in that business.
January 24th, 2007 at 8:43 pm
@ Casey / 359
“Duane, welcome to a day in my life. I should have warned you about them. ”
Casey - I don’t think you need to worry about Duane for 1 second in dealing with us. He’s giving as well as he’s taking. He’s obviously a big boy and won’t get pushed around. A refreshing addition to the circus here.
Duane - Thanks for quick and direct answers to my posts. A Sweet change!
January 24th, 2007 at 8:51 pm
I get a lot of laughs here. But not sure which of the three categories that I fall into. I do have a question though — is this just a face-saving exercise for you, Casey? I don’t see the morality of what you are doing. How does one save face after wasting money on real estate seminars, running your life based on a late-night infomercials? And living with so much in debt?
What drives you, Mr Serin?
January 24th, 2007 at 8:57 pm
Casey’s whole situation seems like a 4th grade social studies project gone horribly awry.
“Chapter 5: Housing & You”
(insert picture of multiracial children playing together in front of house)
January 24th, 2007 at 9:00 pm
Duane,
Why are you posting so much? Do you really want to be Casey’s cabana boy? You’ve got thin skin and too much time on your hands apparently.
Why are you taking some of this stuff personally or answering questions posed to Casey?
For example: the question on the mortgage calculation was posed to Casey, why did you feel it necessary to comment on that. I think the point was that Casey doesn’t seem to demonstrate some basic understanding of mortgage finance, not you. If you’ve been following the blog as you’ve said you’d know this. You are not going to block my view on anything unless perhaps you are seated in front of me at a ball game or movie. However your allusion to your potential ability to avert the so called “train wreck” that Caseys might be facing speaks to your own questionable outlook.
Your beginning to appear creepy.
January 24th, 2007 at 9:19 pm
Word Casey: definitely write about Erin and Joy.
I more or less oscillate between hating you and identifying with you, but I certainly dislike prlinkbiz. I think what she did to you was totally wrong. Out her and bring her name into the internet public. People like her shouldn’t be out there taking advantage of people.
January 24th, 2007 at 9:22 pm
@331 Wonderful Life…
You just made me nearly eject milk from my nose. I shouldn’t drink and read at the same time. Thanks for the great laugh.
January 24th, 2007 at 9:24 pm
@DL,
Enough of the smoke and mirrors bullshot. You want to be the voice of reason and the champion of honesty? Ok pal, so be it.
Why not fully disclose your compensation structure with Casey. Did Casey actually sign a contract with you- like he did with every other person, to only later reneg on the contract? No offense, this is very reminiscent of the whole Adsense revenue lie of Casey. I am talking dollars, cents, terms, etc.
For someone that is the President of “North America’s Largest Home Selling Solution Company”, you come across as thin skinned, short tempered, and lack of maturity. Like your new prodigy Casey, you have yet to answer any concrete questions put to you. Instead, you resort to third grade bullying and defaming the character of people that have yet to defend themselves.
Here are a few simple questions for you:
1. Why out of the thousands of honest homeowners, did you pick Casey Serin to be the guardian angel for, other than he has a website which provides you a vehicle to profit from?
2. If Casey was an employee of yours, would you fire him?
3. Did Casey commit any crimes or illegal activity?
4. Should Casey be prosecuted?
5. Do you agree with Jerome Mayne that Casey commited multiple counts of fraud and should turn himself in to the FBI?
6. Do you agree with Robert Kiyoski that Casey commited multiple counts of fraud?
7.How many other homeowners in ditress have you stepped up to the plate for like Casey with financial assistance?
8. Did Casey show you the contracts for all of his home purchases, refinances, foreclosures, and all other real estate related transactions? What advice did you give him?
9. Have you talked with Casey’s CPA or attorney?
10. Given Casey’s self admitted public record of illlegal activity, what further actions on his part would be an appropriate catalyst to cause you to end your relationship?
11. What is your opinion of N[…] University, and do you have any affiliation with it or Chris […]?
If you truly desire to have the audience take you seriously, I suggest you stop with the chest pounding and tap dancing. Do what Casey won’t.
Be HONEST
Be specific
Be sincere
Your answers and tone will say alot about your true interests and intentions here.
January 24th, 2007 at 9:32 pm
@ #286 Casey is a Genious
This one takes the cake! I about pee’d my pants! Thanks for the belly laugh. Best one in a Lonnnng time!
January 24th, 2007 at 9:55 pm
Duane: How old are you? Haters? Do you even know what a “hater” is?
Who is producing this “show.” This is starting to sound produced and phony. Do you even know what a “hater” is? Apparently you do not. It would imply that we are somehow jealous of Casey’s situation. From what I can tell, NOBODY is jealous of poor little Casey’s hole (if there is even one, I don’t know anymore).
Be careful Casey, now that you have your new buddy to protect you from the evil haters. People may stop believing this is more than just a trainwreck. Once that happens, we all leave.
January 24th, 2007 at 10:15 pm
(sung to the tune of You’re so Vain)
You walked into this party
Like you were walking onto a yacht
Your ruler strategically dipped below one eye
Your scarf it was apricot
You had one eye in the mirror
As you watched yourself gavotte
And all the investors dreamed
That they’d be your partner
They’d be your partner, and….
You’re so Duane
You probably think this blog is about you
You’re so Duane
I’ll bet you think this blog is about you
Don’t you? Don’t you?
January 24th, 2007 at 10:17 pm
@mejustme
by all means, cast!
@casey
I didn’t know PRlink was still actively in the equation. do tell, do tell.
January 24th, 2007 at 10:18 pm
@ Ralph #309
“I don’t understand where “investors” like Casey fit into the whole scheme…they’re not producing the houses (builders), they’re not matching sellers and buyers (realtors), and they’re not rehabbing. What are they doing?”
Basically, its just arbitrage. Plain in simple. Successful arbitragers exploit a market inefficiency by buying low and selling at a higher price. They make a profit if/when that difference is greater than their transaction costs.
The most basic example of arbitrage is retail stores. They buy their wares in bulk (usually under contract) and then mark them up enough to cover their overhead and make a small profit. Arbitrage is essential to ensuring market efficiency; however, most opportunities are seized on rather quickly. Once competition between arbitragers occurs, the profit potential vanishes.
That’s why the most continuously successful arbitragers are those who create means of minimizing transaction costs. Think WalMart. For several decades, WalMart has dominated their market by being innovative logistically and just through pure size (economies of scale allow them to profit through high velocity of sales at razor thin margins–margins that have driven many of their competitors into bankruptcy).
The housing craze of 1997-2005 was basically driven by amateurs believing that the profit potential through arbitrage of residential housing was not finite. Liar loans, loose credit standards, etc. only added fuel to the fire, but I believe that the housing mania (and the inevitable collapse) was primarily the fault of a vast number of people not understanding the basic principles of arbitrage.
===
@ Casey #310
“I did attempt to rehab those houses and I did match a buyer and a seller with me in between like a realtor does except I took title long enough to fix it up and sell at retail. Problem is that I mismanaged the repairs and I also didn’t buy the houses at a deep enough discount to begin with. The value a rehabber brings to the market is taking a crappy house and making it nice, improving the neighborhood and increasing supply of good homes. ”
The theoretical problem with your business model (and those of fellow flippers) is that even a well-executed rehab project is unlikely to produce a home that can sell for more than your actual costs that include:
a) what you paid for it;
b) your carrying costs during the rehab;
c) what you pay your contractors; and
d) the costs to market and sell (6% commission!) the property.
In a historically red hot market (>20%, like what Sacramento saw in 2002-05), its very possible that the capital gains will obfuscate the financial pictures to make it appear that rehab efforts generated an actual profit. The problem is that such manias are unsustainable and when they do end, speculators/investors/flippers are whatever quickly realize that their rehab projects haven’t yielded anything tangible.
But even when such profits are possible, they are not guaranteed and its very hard work to secure them. Going back to what I said about arbitrage in general, the key point to remember is that arbitragers only enjoy profits when they innovate and find ways to lower transaction costs. In the case of the flipper, that means lowering the cost of capital, lowering the cost of repairs, and lowering the cost of selling the property.
Let’s look at Casey’s experience:
- CAPITAL -
Casey paid above-market rates (even after lying on the loans by saying it was owner-occupied). He had no cash reserves, so in order to keep rehabbing (at least for a while) he had to take cash back at closing to fund these efforts, greatly reducing the likelihood of realizing an actual profit down the road (or even breaking even, as it turned out). Moreover, he turned to other high cost means of raising capital by way of personal credit cards (and high rate lines of credit), loans from friends and family, and CashCall. Setting aside all of the other mistakes he made, it seems to me that this venture was doomed from the start because he exercised such poor judgment in raising capital–a mistake that is very common (the #1 reason why so many new businesses fail in their first year or two).
- REPAIRS -
People that I know who have succeeded in “rehabbing” houses usually do most of the work themselves. I work for one of Sacramento’s largest electrical contractors, where many of my co-workers augment their incomes by moving into a fixer-upper and improving it through their own blood and sweat (or construction management expertise). When they do have to hire a specialty contractor, they get someone who they trust and watch him like a hawk. Its really easy to lose your shirt in a construction project, even when you know what you’re doing–for someone with absolutely no background or experience, its pretty certain that they’ll be unable to effectively control costs. So again, setting aside everything else, I think that Casey’s business plan was doomed from the start because there was no chance of him being able to secure profits through effective management of the rehab.
- SELLING COSTS -
Another way for a flipper to lower transaction costs is to have their own real estate license (and in practically every state, including CA, the barrier to entry is embarrassingly low). Casey tried to get around that through going the FSBO route, which as far as I can tell was unsuccessful everywhere (were either of the two that you sold successfully executed FSBO’s, Casey?). I have no idea what he actually did in the way of fliers and whatnot, but it seems to me like Casey was ineffective at marketing his properties (the only time anything drew interest was when the sharks smelled blood in the water, ie an advertised short sale–and even then nothing has moved).
So as Casey considers future real estate deals, I would think it prudent for him to exam these three areas and seriously ask himself “What can really I offer to secure profits through lowering transaction costs?”
Its going to be an uphill challenge. For starters, his credit report will make it all but impossible for him to secure loans at favorable rates anytime in the foreseeable future.
His pending legal problems make it unlikely that he could obtain a real estate license at this point. From what I understand, a felony fraud conviction would make that all but impossible.
So the only area that I could see Casey being able to lower transaction costs is by augmenting his ability to do the repairs himself. Doing so would require a lot of time and hard work (ie, not very likely that Casey would actually do it), but it would be one area where he could increase the likelihood of making of profit on future deals.
But quite honestly, I just don’t see a future in real estate investing or management for Casey–mostly because its not going to be a fertile investment for anyone over the next 5-10 years. But without any of the basic capabilities to create real/tangible value by way of successful arbitrage (or flipping, if one prefers), Casey is poorly positioned to reap any rewards in this realm.
There’s no such thing as a free lunch… unless you sell your soul to some bottom-feeder, wannabe mogul in Arizona.
But, as a great social commentator of our time has often said, that’s just my opinion. I could be wrong (but I highly doubt that I am in this case).
January 24th, 2007 at 10:29 pm
You have no idea how much this blog has meant to me. A few years ago, I borrowed a tape of Rich Dad Poor Dad from the library for my husband and I to listen to on a long drive. Halfway through our trip, I became so upset by what I was listening to I had my husband pull the car over. I felt foolish for having wasted so many years getting an education and toiling 9-5 for a soulless corporation while the government taxed me to death. I was a “looser” not enjoying life to its full potential. My husband and I spent the next year or two reading real estate books and looking for investment properties. We had zero luck finding properties where rent exceeded the mortgage payments. I felt terrible. I was condemned to the rat race forever due to my inadequacies.
Then, I heard Casey being interviewed on a local radio station and was directed to this blog. Reading these posts made me realize that real estate investment is not necessarily a path to riches and holding down a job, living within my means, and saving money in a 401K are not the hallmarks of a fool! Thank you so much!
January 24th, 2007 at 10:30 pm
So there is Duan thin skinned Legate, head of a multimillion dollar empire, talking sweet deals all day, making things happen, three secretaries at his beck and call, lenders calling him day and night wanting him to find people they can invest in, a board meeting at noon, lunch with some of the movers and shakers of the industry…suddenly, while browsing Casey’s site, he sees that someone has insulted him….
So Duane wrote “Listen you little pipsqueak, I s*** turds bigger than you…”
So Duane, can you see that all your little petty comments kind of makes your little crap empire look a little sad? In case you haven’t noticed…Dwayne, real estate has kind of hit the rocks lately…no one is really flipping anymore..why don’t you open up a dot.com web site or something since you like to jump in after a fad..ummm wait, never mind.
I hope you can take the time out from your obviously busy busy busy workday to take the time to write a comment like you did for about 58 other posters on here.
January 24th, 2007 at 10:32 pm
@335. Endgame Observer
Can the 2nd stop the short sale? Do they have any voice in the process, or do they have to follow the 1st’s decision?
Yep, the 2nd can stop the short sale by demanding they get paid every dirty penny owed to them - about $64K according to Casey’s spreadsheet. Just because the 1st is willing to accept a short payoff doesn’t obligate them to accept less than they are owed. If they stop the short sale, the 1st will most likely go to sale on the next scheduled date a month from now. The 2nd might be there to bid the price since they have 1st dibs on anything over what it takes to payoff the 1st. If no one else bids on it, the 2nd can wind up with the propety by bidding one penny over the opening bid.
Casey, just curious here. You said you didn’t want to spend much time on short sales since there wasn’t any financial incentive for you. Just what financial incentive is there for the 2nd to let a short sale go thru instead of blowing it all to hell and gone for you?
January 24th, 2007 at 10:45 pm
@367 ..Great Post…from what I have read on other sites Duanes Organization is associated with the Phoenix School and is tied into MLM.
@Duane…Keep Bill Bronch**** name out of this..He is someone that actually helps people and it is a disservice to him to bring his name into the trainwreck that is Casey Serin. Bill is the real deal in REI and doesnt sugar coat, fluff, argue, nor fill people with a bunch of hype or unnatainable dreams.
Additionaly I have also heard that Savvy chris is the one that sold our favorite miscreant casey here his Jetta as a car he picked up from some auto auction….is this true Casey?
January 24th, 2007 at 11:09 pm
To Duane Legate:
Please don’t bother to answer I Got ADHD. This stuff is getting rather tiresome.
January 24th, 2007 at 11:21 pm
Added comment voting… this way we can start giving the most interesting/valuable responses some credit. You can only vote once. Soon I will have a “most favorite comments” section somewhere on the blog too, along with top commented posts and top visited posts, etc…
January 24th, 2007 at 11:27 pm
Casey can you add a link to view new posts since last visit …I get sick of having to reload all of the responses over and over again and then having to scroll for a half hour to get to the new ones.
Additionaly cant you make it so their is a collapsed version of the comments with replies grouped together….this blog responses are frustrating and all the replies 4 pages down are too damn confusing.
January 24th, 2007 at 11:39 pm
I like this Duane guy….He type real fast!
I’m sure he’s just like the rest of us. He’s never experienced anything like this before. It’s unpredicatable, addicting, and a downright stupid waste of time.
I kind of think of him as the character the producers bring on in the 3rd or 4th season of a TV sitcom, you know, to spice it up.
January 25th, 2007 at 12:16 am
Fielding Melish is prlinkbiz
January 25th, 2007 at 12:29 am
Casey, I’m glad to see that you are making some progress this year and the comment voting is a nice addition! I like Duane also. I hope he is able to help you achieve some of your goals, especially paying back “every dirty penny’. Keep praying, fasting and seeking God first and you’ll will get through this. Maybe not how you want, but if you put God first, you will come out a better person and husband.
Good luck and keep it real!
January 25th, 2007 at 1:15 am
It’s unpredicatable, addicting, and a downright stupid waste of time.
That really sums it up.
January 25th, 2007 at 1:44 am
So I see you stole this from the Huffington Post. Didn’t work there and it will only backfire on you with the biggest “haters” being the ones who win.
But whatever in Caseyland USA, right?
January 25th, 2007 at 1:48 am
Hmmm,
Why do I have the nagging feeling that Casey and Duane are the same person? Maybe because I just watched ‘Secret Window, Secret Garden’ starring Johnny Depp…. it has a split personality in the plot.
Truth is stranger than fiction, right?
Casey, since Duane is an authority on the blog now can you get a thumbnail head shot that makes his comments official? That would be sweeet.
-Big Cheese
January 25th, 2007 at 1:56 am
Casey,
Comment voting is a nice upgrade. You got some skills in continually improving your website, even Tim from MBA would be proud.
And you were smart not to have to moderate the voting… that would be a nightmare.
Interestingly, everyone is piling on giving you negative numbers. But the moment you start being honest with a plan I predict a +25 for Casey.
-Big Cheese
January 25th, 2007 at 2:04 am
Me like voting. Keep it up Casey! This would be that rare time when I complement you.
Never mind the Huffington comment. I guess it made no sense for them since that site was always in the top 1000 or so websites. This site’s numbers, on the other hand, are as high as you most likely will ever see them.
Enjoy kid…once we tire of the silliness that seems to be this Duane character (I am reading more of his posts and not liking how he’s devolved from a reasonable character to a thin skinned yes man) we may start tuning out.
Do what Prison Break or 24 do and rewrite the character OR better yet, write him out of the script.
If Duane is who he says he is, I am confused by the childish responses? Is he one of your buds that happen to be your accomplic…errrrrrr….so-called consultants or what?
LOL…just yanking your chain fellas. No need to get worked up. It’s all about fun here in Caseyland USA (c) (Hi…I’m Dolph DeRoos - no stealing now)
January 25th, 2007 at 2:05 am
@ walt - good post, using powerful logic to defeat Young Casey, yet again.
January 25th, 2007 at 2:57 am
@Stan
“OK, who’s writing his script? Nobody talks this way in real life. Sputnik, the cat……is this your work?”
aaack!!
Don’t bother me! I’m busy mining my litter box for little nuggets …
thpptttt!!!
S_t_C
January 25th, 2007 at 3:45 am
@Ogg 348
*I* will do the shoe-pooping around here!!
Now, BACK OFF, unless you want me to stink up your cave!
aaackkk!!!!!
S_t_C
January 25th, 2007 at 4:14 am
Lookout, everybody! Casey is moderating so well that we’re actually able to start conversing among ourselves. Maybe Casey’s contract with Duane requires him to try to keep his audience. What a concept!
We all know that won’t be allowed to continue.
Just like CNN around here: all Casey, all the time.
January 25th, 2007 at 4:16 am
Hey Casey,
How are you going to handle your tax issues????
Do you have any idea about how much you might owe????
Just wondering…
Julian
www.tpbusa.com
January 25th, 2007 at 4:27 am
tom,
23 years of real estate experience,
net worth 45 million, he owns alot of property, does alot of charity work and gets his name in the paper all the time for his good deeds, kind of modest in person, but put a mic in his face and hes always willing to give a soundbite
joe,
15 years of real estate experience,
property manager, tenants love him, hes the point guy for any problems that come up, his office is always buzzing, its never hard to find him since hes actually working or walking the property inspecting and checking up on things, he knows the codes and knows all the whatifs since hes been doing this for so long
julio,
12 years of super/maintenance experience
this guy is great, he fixes everything fast, has alot of knowledge and great contacts for the big stuff, the wierd thing is thing guy doesnt seem happy unless his hand is in a clogged toilet, something about accomplishing the impossible
josh, some call him the behind the scenes money man,
hes always in on the deal, he just brings cash and loves working with everyone else since they know how to pick winners for all these years, youll never see him around except maybe sometimes he drives and laughs on his way to the bank
ben, experienced real estate lawyer, been part of many projects turning around distressed properties and no deal is done without his approval, hes scrutinzed contracts and negotiated tonnes of deals, this guy has lawyer juice pumping through his veins
theres a whole lot of other people who work as part of this team, too many to list not enough space here in this little box,
but lets not forget the MOST VALUABLE MEMBER…
CASEY SERIN
HE GETS ABOUT 5 GRAND EVERY MONTH AND HES ONLY 25 YEARS OLD, EVERYONE ELSE IS THINKING OF DOUBLING HIS MONTHLY CHECKS EVEN THOUGH THEY HAVE NEVER EVEN SEEN CASEY I MEAN HE LIVES IN ANOTHER STATE AND TAKES 12 HOUR NAPS AND IS SO VERY BUSY MODERATING COMMENTS ON HIS WEBSITE, BUT HONESTLY THERES NO WAY IN HELL THAT ANYONE WOULD CONSIDER NOT PAYING YOUNG CASEY, BECAUSE IF IT WASNT FOR CASEY THIS 100+ UNIT BUILDING WOULD FALL APRT
SO KEEP SINGING THOSE PASSIVE INCOME CHECKS FOR CASEY SINCE HE HAS BROUGHT LOTS OF THINGYS TO THE TABLE
EVERYDAY THESE PEOPLE THANK THEIR MAKER FOR CASEY SERIN
EVERY MONTH THESE PEOPLE SEND CASEY HIS $5000 CUT
January 25th, 2007 at 4:53 am
Wow! Looking forward to the new sub-plots of libel/slander suits from A*y due to defamation on this website as a result of confusion with Erin, and from Erin and Joy due to NDA breach and defamation on this website.
January 25th, 2007 at 5:00 am
@Fielding Melish Post 364
I wont be that much of a regular around here, I posted heavy the first day or so of the announcement of the sponsorship.
@ Dolph (love the name by the way) Post 369
“Duane: How old are you? Haters? Do you even know what a “hater” is?”
(typing with a BIG GRIN) I am 42, and you BUSTED me… I have no idea what a hater is.. after reading this blog…I tried to make assumptions and read between the lines.. I am not “new school” or “hip” in my speech… what is a real definition of a “hater?”
@Post 370…
That made me LAUGH!
@Casey Has Jumped the Shark Post 376
“from what I have read on other sites Duanes Organization is associated with the Phoenix School and is tied into MLM.”
We are not associated in ANY way shape form or fashion, not even arms length with anything you just said. Are you just lying for the sake of lying?
As far as Bronchik, I was only responding to Franklin… and I agree with you he and his organization are first class. I am not associating Bill in any way with me or Casey. I will he is one of the VERY few in his industry that is a stand up guy.
January 25th, 2007 at 5:04 am
This is a question for Casey and anyone else that has gone through one, a foreclosure. If someone forecloses on only one of their properties can the lenders go after the owners other properties and put liens on them?
January 25th, 2007 at 5:25 am
Hey Duane,
Personally, I appreciate what you’re doing for Casey. From perusing this blog, I don’t think he ever meant to defraud anyone, it was just a combination of his stupidity and bad timing (marketwise). If you can put blinkers on him so that he doesn’t lunge after the next MLM guru/sweet deal, you’ve done more than the rest of us who follow this blog and proffer advice (usually pretty good advice, usually ignored).
Mike
January 25th, 2007 at 5:45 am
Duane-
Why would a legitimate business sponsor the website of someone who has admitted loan fraud and receiving illegal cash back?
I found this quote from you, Duane Legate, on Flip This Lawsuit.com:
Duane LeGate wrote:
Unbelievable. I stumbled across this website. I havent seen Sam on Flip This House, I watched part of a show with the San Antonio crew. When I saw Sam’s named associated with this show, I about fell out of my chair.
When Sam was with Platinum, I had a property in the Atlanta Country Club. I cant remember how Sam and I got together, but he put a contract on the property with curious stipulations.
Bottom line, he had asked for a 50,000 dollar kick back at the close. Needless to say that is not legal and I told Sam I had accepted another offer. I ran into his broker at a tradeshow and asked about Sam, I was just curious if he had any idea what type of guy he was… his broker had FIRED him for doing fraudulent activity.
The irony in all of this, was that A&E actually came to my office in Marietta GA and filmed for a day for the show…
I lost out to a crook???
Your kidding me…
Posted on 20-Sep-06 at 2:22 pm
I quote, “Bottom line, he has asked for a 50,000 dollar kick back at the close. Needless to say that is not legal . . .”.
So, Mr. LeGate has now associated himself with just the sort of “crook” he condemns in his post.
I can only conclude that:
1. Mr. LeGate condones illegal activity when it gets him publicity for House Buyer Network. Sponsor IAFF.
2. Mr. LeGate doesn’t condone illegal activity when it gets him publicity for House Buyer Network. Comments on Flip This Lawsuit.
3. Mr. LeGate generates publicity for House Buyer Network on the internet by associating himself with whatever Real Estate related website he can find that is generating the most eyeballs.
4. Mr. LeGate spends way to much time on the internet cruising blogs to be a legitimate real estate investor.
5. Mr. LeGate is angry he didn’t get chosen to play a real estate investor on Flip This House and has to settle for playing one on Casey’s blog.
January 25th, 2007 at 5:45 am
I’d like to educumucate you on an investing term called the `Greater Fool Theory’
When investing in anything, the reward comes when the pool of Greater Fools, those willing to pay MORE than you did, is still available.
In your case, YOU were the Greater Fool who enabled the previous `investor’ to get out. All these real estate `course’ are just a way to tap the remaining pool of GF’s before it runs totally dry.
January 25th, 2007 at 6:09 am
Interesting stuff on various mortgage frauds.
http://www.usatoday.com/money/.....mmer_x.htm
January 25th, 2007 at 6:42 am
@ 372. walt526
Thank you. In my #311 post that is EXACTLY what I was trying to get at, I just couldn’t justify the time it would take to type it out in such detail.
GameOver
January 25th, 2007 at 6:44 am
The day our boy takes the bull by the horns is the day he gets gored by it. That is the closest he will get to the horns.
I also think the warning regarding any future ’sweet deals’ that involve cash from who knows where and the possibility of co-conspirator should be heeded by anyone involved.
#367 - Great post.
January 25th, 2007 at 6:44 am
This is becoming a tired soap opera. The personalities in this play are starting to bore. To predictable.
Casey, seems that you intention is to get out of this mess anyway you can and it does not include paying anyone back. Clearly, you know that’s not happening. Besides the fact that it’s the easy way out to let this empire crumble, you don’t have any source of income to even handle you living expenses…how are you doing to repay $500K? Answer…ain’t happening.
As long are you reach for reality, your story will get boring. It’s the fact that you’re delusional and that the train wreck will be amazing to witness that has an audience. Anything you thing you are doing to help others here is minor compare to the entertainment value. And that is only achieved by your odd view on things.
January 25th, 2007 at 6:49 am
There are people I unquestionably despise. They lack morals, character, and honesty. They impose a narrow theological agenda on secular society. In case you can’t tell, I’m talking about Casey Serin here. Let us note first of all that I indubitably feel that Casey has insulted everyone with even the slightest moral commitment. He obviously has none, or he wouldn’t control, manipulate, and harm other people.
For a variety of reasons, some strategic, some ideological, some attitudinal, and all of them wrong, unforgiving, sordid grifters denigrate and discard all of Western culture. Maybe some day, Casey will finally stop trying to confuse, disorient, and disunify. Don’t hold your breath, though. To parody the old song, “Fish gotta swim, Casey gotta violate strongly held principles regarding deferral of current satisfaction for long-term gains.” While I agree with others’ assessment that his ability to capitalize on the economic chaos, racial tensions, and social discontent of the current historical moment can be explained, in large part, by the following, still, we are at a crossroads. One road leads into the light of a bright, shining future in which uncontrollable nabobs of terrorism like Casey are entirely absent. The other road leads into the darkness of collectivism. The question, therefore, is: Who’s driving the bus? I’ll tell you what I think the answer is. I can’t prove it, but if I’m correct, events soon will prove me right. I think that Casey needs to stop living in denial. He needs to wake up and realize that a colleague recently informed me that a bunch of mingy Machiavellians and others in Casey’s amen corner are about to take us all on a thoroughly reckless ride into the unknown. I have no reason to doubt that story because mass anxiety is the equivalent of steroids for Casey. If we feel helpless, Casey is energized and ramps up his efforts to rally for a cause that is completely void of moral, ethical, or legal validity. If I have characterized Casey’s hirelings up to now as impractical and self-deceiving, it is only because Casey is the embodiment of everything petty in our lives. Every grievance, every envy, every sex-crazed ideology finds expression in Casey Serin.
It’s debatable whether we must speak neither of the past nor of the far future but rather focus on the here and now, specifically on the daunting matter of Casey’s savage, illiterate antics. However, no one can disagree that his understrappers all look like him, think like him, act like him, and impale us on the pike of ageism, just like Casey does. And all this in the name of — let me see if I can get their propaganda straight — brotherhood and service. Ha! Any rational argument must acknowledge this. His malicious projects, naturally, do not. Casey’s statements such as “The ancient Egyptians used psychic powers to build the pyramids” indicate that we’re not all looking at the same set of facts. Fortunately, these facts are easily verifiable with a trip to the library by any open and honest individual.
It is becoming increasingly obvious to many people that Casey has long served as a cheerleader for vigilantism. That’s self-evident, and even Casey would probably agree with me on that. Even so, I have often maintained that reasonable people can reasonably disagree. Unfortunately, when dealing with Casey and his supporters, that claim assumes facts not in evidence. So let me claim instead that Casey uses demagogism as a hammer to forge the antihumanist, tasteless barrators who will replace our natural soul with an artificial one by next weekend. Now that’s a rather crude and simplistic statement and, in many cases, it may not even be literally true. But there is a sense in which it is generally true, a sense in which it obviously expresses how classism is dangerous. His moonstruck version of it is doubly so. Many people have witnessed Casey do away with intellectual honesty. Casey generally insists that his witnesses are mistaken and blames his foul-mouthed traducements on abominable smut peddlers. It’s like he has no-fault insurance against personal responsibility. What’s more, if we let Casey hinder economic growth and job creation, all we’ll have to look forward to in the future is a public realm devoid of culture and a narrow and routinized professional life untouched by the highest creations of civilization.
Casey has never been accused of objectivity. In view of that, it is not surprising that if Casey were as bright as he thinks he is, he’d know that he likes quips that make bribery legal and part of business as usual. Could there be a conflict of interest there? If you were to ask me, I’d say that he has convinced a lot of people that every word that leaves his mouth is teeming with useful information. One must pause in admiration at this triumph of media manipulation. Does anyone believe Casey’s claim that individual worth is defined by race, ethnicity, religion, or national origin? Come on, anyone? Like I thought, if we take Casey’s outbursts to their logical conclusion, we see that by the end of the decade, Casey will impose ideology, control thought, and punish virtually any behavior he disapproves of.
Casey’s crusades form a vast brainwashing and brain-contaminating machine, which has worked, on the whole, with great efficiency. That said, let me continue. Casey has a natural talent for complaining. He can find any aspect of life and whine about it for hours upon hours. You see, whenever anyone states the obvious — that I truly intend to exercise my franchise to detail the specific steps and objectives needed to thwart his spiteful, conceited schemes — discussion naturally progresses towards the question, “What provoked him to feed information from sources inside the government to organizations with particularly insidious agendas?” I’ll tell you the answer in a moment. But first, let me just say that implying that factionalism is a viable and vital objective for our nation’s educational institutions is no different from implying that I’m too imperious to pursue virtue and knowledge. Both statements are ludicrous. As I see it, you might say, “Casey’s lapdogs favor a lifestyle that is as obnoxious as Casey’s teachings.” Fine, I agree. But if I withheld my feelings on this matter, I’d be no less closed-minded than Casey.
Casey’s henchmen merely present their allegations as though they were true, a technique known as a “conclusory” or “Kierkegaardian” leap. Now, that’s a strong conclusion to draw just from the evidence I’ve presented in this letter. So let me corroborate it by saying that we could opt to sit back and let Casey do exactly the things he accuses contentious popinjays of doing. Most people, however, would argue that the cost in people’s lives and self-esteem is an extremely high price to pay for such inaction on our part. He is typical of impulsive, cheeky cads in his wild invocations to the irrational, the magic, and the fantastic to dramatize his beliefs (as I would certainly not call them logically reasoned arguments). I am not going to go into too great a detail about hidebound recidivists, but be assured that I challenge Casey to point out any text in this letter that proposes that our elected officials should be available for purchase by special-interest groups. It isn’t there. There’s neither a hint nor a suggestion of such a thing. One indication of this is the fact that he’s more than brutal. Casey’s mega-brutal. In fact, to understand just how brutal he is, you first need to realize that everybody is probably familiar with the cliche that the scores of goose-stepping sybarites who comprise Casey’s retinue must all be held accountable for helping Casey produce a large number of absolutely bleeding-heart extravagancies, most satanic indecencies, and, above all, the most revolting blasphemies against everything that I hold most sacred and most dear. Well, there’s a lot of truth in that cliche.
Casey wants us to feel sorry for the dictatorial crooks who operate on a criminal — as opposed to a civil disobedience — basis. I think we should instead feel sorry for their victims, all of whom know full well that those who fail to learn from history are doomed to repeat it. Of course, if Casey had learned anything from history, he’d know that perhaps one day we will live in a world where good people are not troubled by fear of combative toughies. Until that day arrives, however, we must spread the word that Casey is right about one thing, namely that fear is what motivates us. Fear of what it means when lackluster, unbalanced dummkopfs muzzle his critics. Fear of what it says about our society when we teach our children that Casey can absorb mana by devouring his nemeses’ brains. And fear of power-hungry deadheads like Casey who obfuscate the issue so that one can’t see what ought to be utterly obvious to all. Casey accuses me of being inaniloquent whenever I state that he should pay a price for his prudish writings. Alright, I’ll admit that I have a sharp tongue and sometimes write with a bit of a poison pen but the fact remains that Casey’s plaints are a logical absurdity, a series of deductions from a premise that has been denied. Speaking of absurdities, when workable solutions to a problem elude you, sometimes it helps to comment on a phenomenon that has and will continue to misdirect our efforts into fighting each other rather than into understanding the nature and endurance of humorless conformism. That should serve as the final, ultimate, irrefutable proof that his sermons will have consequences — very serious consequences. And we ought to begin doing something about that. Casey is locked into his present course of destruction. He does not have the interest or the will to change his fundamentally sententious belief systems. If I seem a bit randy, it’s only because I’m trying to communicate with him on his own level. One could truthfully say that Casey, perhaps more than anyone, should take seriously the challenge to provide you with a holistic and thematic history of his semi-intelligible, audacious crotchets. But saying that would miss the real point, which is that every time he tells his attendants that he can scare us by using big words like “uncontradictableness”, their eyes roll into the backs of their heads as they become mindless receptacles of unsubstantiated information, which they accept without question.
Casey decries or dismisses capitalism, technology, industrialization, and systems of government borne of Enlightenment ideas about the dignity and freedom of human beings. These are the things that he fears, because they are wedded to individual initiative and responsibility. I heard through the grapevine that you should never allow a day to go by in which you do not bring this fundamental truth to at least one new person. Whether or not this rumor is true, it’s not the boogeyman that our children need to worry about. It’s Casey. Not only is Casey more hypocritical and more irritable than any envisaged boogeyman or bugbear, but Casey yields to the mammalian desire to assert individuality by attracting attention. Unfortunately, for Casey, “attract attention” usually implies “make us the helpless puppets of our demographic labels”.
Perhaps you haven’t noticed that vengeful spongers demand the advantages other people have earned without the disadvantages, like having to earn them. Perhaps you haven’t noticed that he clings to careerism like a drowning man clings to a life preserver. And perhaps you haven’t noticed that Casey uses his ignorance as grounds for belligerence. In response to all three of those possibilities, I need to inform you that it has been brought to my attention that it makes far more sense to place blame where it belongs — in the hands of Casey and his power-drunk lackeys — than to intensify or perpetuate propagandism. While this is true, I want to thank Casey for his deeds. They give me an excellent opportunity to illustrate just how aberrant Casey can be. I know some hideous cult leaders who actually believe that free speech is wonderful as long as you’re not bashing him and the wild rotters in his faction. Incredible? Those same people have told me that denominationalism is a be-all, end-all system that should be forcefully imposed upon us. With such people roaming about, it should come as no surprise to you that he claims that at birth, every living being is assigned a celestial serial number or frequency power spectrum. That claim illustrates a serious reasoning fallacy, one that is pandemic in his circulars. Then again, Casey wants you to believe that people don’t mind having their communities turned into war zones. You should be wary of such claims. Be aware! Be skeptical! Think! Do not be diverted, deceived, or mesmerized by Casey’s malign vaporings. Anyhow, I guess I’ve run out of things to say, so let me just leave you with one parting wish: Together, may we say “no” to Casey Serin’s incompetent apologues.
January 25th, 2007 at 7:54 am
Comment Voting,
This comment voting is a lot of FUN. Hey! you have the most negatives. I REALLY LIKE YOU A LOT MAN but just voted negative at you because everybody is doing it… and I don’t want to be least.
January 25th, 2007 at 8:46 am
@398 Mike - he never meant to defraud anyone? How is that so if he:
a) Stated/signed his intention to live in each property
b) Not just underestimated his income but stated income he did not have (made worse because he was unemployed).
c) knowing he would not get the loan(s) if he was not dishonest?
January 25th, 2007 at 9:04 am
@ Casey #359
“Duane, welcome to a day in my life. I should have warned you about them.”
Oh my god, bust out the violins and kleenex… Poor little Casey!
Casey: “Ur de durr—look at me, I’m a goober, I got myself into $2.2m in debt using the most questionable methods possible… All the more… arr de daarrr, I’ll just advertise my titanic mistakes to the whole world; buy a domain, NPR, USA Today…
What do you F*CKING expect?
Lavish praise? Adoring fans? Roses tossed at your feet?
Don’t you DARE act victimized!
Jesus Christ. You are asking for some serious A** -Kickery right now!
January 25th, 2007 at 9:27 am
Squire-
“Fielding Melish is prlinkbiz” … are you F-ing kidding! I’m a dedicated reader (hater). What I was refering to was the point that Duane is fixated on that contract as if it was the key to Casey’s story or that it gets him off the hook for the other deals because he might have got taken. The point is we don’t know the details cause Casey has been vague and that that issue is old news so to speak.
Duane,
You claim to “help thousands of homeowners EVERY month” - So you’ve worked with maybe 24,000 distressed homeowners or credit challenged buyers last year? If you are that busy how can you spend so much time responding to the posts here. Is equity stripping that easy and non labor intensive that you can service 100 people a day and still have time for this BS. Are you kidding us?
Most believe anyone who would associate businesswise with Casey at this point is either an idiot or a con - which are you?
You’ve opened up a can of worms by associating with Casey
and should prepare for an outcome or disruption worse than just us taking cheap shots at you on this blog. Your credibility lessens each time you respond. If your looking for
un informed, un sophisticated people in bad circumstances to
take advantage of or rip off, you’re not going to find it here.
You are just inviting unwanted attention to your own scam/business (spare us the helping people out phrase - we are not idiots) - did you really think this was a win-win situation. Next posters will expose the con in your game and then where do you go?
January 25th, 2007 at 10:17 am
Duane,
Just a little feedback for you. I appreciate the way you’ve handled yourself on this blog. The commenter that said you were a “big boy” certainly has it right. However, you will spend a lot of time and energy making posts here defending yourself and you still won’t “win.” Why?
Because your adversaries have a powerful defensive weapon - the cloak of anonymity. While they can freely search public records for Casey, you and myself, I’ve had no such luck finding anything on Sputnik the Cat, Legion and don’t get me started on Og the Caveman.
I didn’t quite realize how much hate was out here on the Internet. Some housing boards I frequent are openly anti-Semitic, anti-black, anti-gay and anti-hispanic. And it’s not just housing. Try reading a sports board about the BCS. It gets real hostile real quick.
Without the cloak of anonymity, these posters have to keep their opinions to themselves. But in Caseyland they act like they’ve got nothing to hide and they’ve never done a thing wrong in their lives. Remove the cloak and you’ll find regular people with regular problems, regular jobs and regular lives.
Nigel
January 25th, 2007 at 10:27 am
I accidentally clicked the box to notify me of followup comments via email. How do I stop the email?
Thanks!
January 25th, 2007 at 10:29 am
Hi Duane - no, am sure I am not smarter than everybody here ( although probably smarter than some. )
I just want to see when Casey effectively says Real Estate is his passion and he wants to spend his life doing this - I want to see if he is BS’ing or for real. Without doing the numbers on a piece of investment property you don’t know what you’re buying.
So I want to see if Casey has either learnt at his RE courses, or gone to community college or read a book on how to analyse an investment property - thats all.
If Casey cannot demonstrate that he knows how to analyse an investment property - then he’s going to be get screwed again by unscrupulous Commerical RE brokers. ( Like the one who tried to give me a BS cap rate on an office building in Dallas - he was talking out of his rear end )
Without being able to independently check the numbers - you’re going to get screwed. Dealing with Commercial RE is likely to get Casey more screwed than he already has been on Residential RE.
If Casey needs to learn this - I’ve got a pretty good book on cash flow that I can recommend.
Oh - and you’re right Duane - you dont need a calculator for the mortgage question. But if not, you’d need to carry around lists of factors and probably use a calculator to multiply the factors. Its much easier using a financial calculator. Again - this would be picked up at a RE finance course at local community college ( this is where I picked it up.)
And one thing Casey to bear in mind in the market place. You’re competing against fellow investors. In this game knowledge is key - for example, in Dallas - you’re competing against me…!!! But I like to give…cos there are plenty of deals out there…
Loads O Money
January 25th, 2007 at 10:29 am
Sorry guys, this site was already consuming too many resources on the server and adding the comment voting feature really sent the CPU cycles and MySQL queries to the moon. (so I disabled it for now).
I have to upgrade to a dedicated server very soon, (lots more $$/mo though)
As for other updates on Utah, NM and the 5 top ignored advice… don’t worry I will address it in the next few posts.
And for those who missed it, i’ll say again that the Foreclosure Auction on Muncy property has been postponed until next month. My awesome realtor in Modesto was able to get the short sale package in at the last minute.
January 25th, 2007 at 10:30 am
Where’s the voting darn it! I want voting, I want voting!
Hey Casey, what happened? Too many negatives for your posts?
Gee, where were all the so-called “cheerleaders” you say lurk around here. I would think all these nice people would have voted for your posts, right?
January 25th, 2007 at 10:31 am
Does Duane really think there are MARKS here for his help or con? Dude, how long have you been reading this blog? Maybe just one con is worth what he’s paying Casey, but really is that sucker to be found here?
Your marketing skills are in question if you thought this was the place to advertise your equity stripping business.
Haters, Duane is insulting us with everyone of his comments - how long before the unwanted attention he’s begging for forces him underground?
January 25th, 2007 at 10:31 am
When I upgrade to a beefier server setup I will try bringing the comment voting feature back. I think its a very fun feature.
To stop the comment notification emails, there is a Manage Subscription link at the bottom of each of those emails.
January 25th, 2007 at 10:32 am
Nigel, with all due respect, Caseyland USA is a copyrighted term of Hi…I’m Dolph DeRoos LLC (LOL).
January 25th, 2007 at 10:33 am
@Duane / 399
“I am shocked at the level of vile, but maybe you guys (y’all) have seen promises time after time being broken, or whatever.”
Yes - you have hit the nail squarely and forcefully on the head. Cause –> effect…
January 25th, 2007 at 10:35 am
Stephanie: Of course, Casey LOVES being the victim. He’s not as smart as he thinks (prove me wrong, kid - PLEASE) and he seems to have delusions of grandeur for somebody in as deep of a hole as he is.
I dunno. But you are dead on right. If I can vote for your post, I would. Casey spoiled us with voting and, as usual, didn’t think it through before teasing us with it.
January 25th, 2007 at 10:37 am
Wow! You’re still around! I figured you’d be in much deeper s*** by now. I think you should just get it over with and let all those houses go to foreclosure. They’re going to end up there anyway! Once you foreclose on one, you’re credit is shot so it won’t matter how many you have on your record.
Those houses are losing more value every day. If you give them back to the bank now, they won’t lose as much as they will if they sold them next year. Not only that, but since you will be 1099′ed on the difference of the sales, it’s in your best interest to dump them ASAP. Why prolong the pain? How do you sleep at night? The only way you will get out from under this is if you either win the lotto or inherit alot of money from a rich relative. Do you have any old rich relatives that aren’t in the best of health?
January 25th, 2007 at 10:37 am
“Added comment voting… this way we can start giving the most interesting/valuable responses some credit. You can only vote once. Soon I will have a “most favorite comments” section somewhere on the blog too, along with top commented posts and top visited posts, etc… ”
Anything to avoid reality.
January 25th, 2007 at 10:38 am
Casey,
Best of luck with this. Seems like you got yourself into a hole that may be difficult to get out of at first, but overtime you will probably get out of it, and from what I read about you - you will get out of it running. You seem to have a determination.
I’ve just started buying property in another part of the world, I follow your blog with interest.
Good luck.
January 25th, 2007 at 10:44 am
Casey, you fool! If you run a live server in production, you don’t just go run out and push and pull modules/code from it. You test the operation a test server, -then- roll it out to production. Comment voting shouldn’t be that intensive an operation unless the software is written poorly. You can easily mirror your site on your home computer and test the software functionality.
No wonder they only paid you $35,000 a year to do what you did.
It bugs me that the press gives you credit as a “web developer.” All you did was install Word Press and run the appropriate scripts to create the databases for you. You neither wrote the software nor the database implementation. At best, you know how to mark up some text with HTML and make modest design changes.
January 25th, 2007 at 10:44 am
Ok Duane: I now like you because you didn’t attack me or ignore me the way Casey always does.
A Hater is somebody who is jealous of another.
In slang, I am a guy who just put out a rap record (example of course). I got some critics saying I sold out, I am too this, I am too that and whatnot. So I will most likely say they are “hating” on me.
What I am saying is they are just jealous of me because I got a record deal which allows me to own lots of bling bling, a nice pad and sweet rims on my car (like the slang! I thought I’d talk like Casey!!).
So basically in order to “hate” or be a “hater” one would have to be jealous of the other person’s situation or lifestyle. As you know, and I hope you agree, Casey is far from being in a position of any kind of jealousy from anybody.
If anything, we are all critics. Some are more critical than others. I am in the middle. I tease, I jest, I am pissed off but if it’s proven the kid can do what he says I will take back all my criticisms. Basically, I roll like that (more slang).
I am just a hair under 40, so it’s a shame I know all this stuff but in my line of work it’s necessary.
January 25th, 2007 at 10:46 am
Stephanie J. has busted out the F-bombs. Watch out brother!
Per my post #412, it should read:
b) Not just OVERSTATED his income but stated income he did not have (made worse because he was unemployed).
January 25th, 2007 at 10:49 am
Nigel,
You said,
Without the cloak of anonymity, these posters have to keep their opinions to themselves. But in Caseyland they act like they’ve got nothing to hide and they’ve never done a thing wrong in their lives. Remove the cloak and you’ll find regular people with regular problems, regular jobs and regular lives.
I don’t think anyone here claims that we don’t have something to hide or have done nothing wrong. We just don’t post our mistakes in public , solicit advice, and then ignore it. Nor do we try to gain sympathy for patently fraudulent activity. You should know that difference, you’ve been here long enough and I think have also been frustrated with Casey. Instead of patting Duane on the back you should be warning him.
yours truly,
A cowardly failure
January 25th, 2007 at 10:52 am
Squire -
Are you F-ing serious? Do you also have your tongue up Casey’s posterior also? I am a dedicated reader (hater) of this blog just like a host of others. I don’t even think PRbitch has even posted here in some time, she’s probably still trying to get the Casey stink out of her nostrils. She’s an F-ing idiot too (add her to the list) and there doesn’t seem to be much reason even to mention her. The reason I mentioned that contract is because Duane seems fixated on it like its the key to Casey’s problem or that it forgives him for all the other mis-steps he’s made. Who really cares - it is just curious and pathetic that Duane would be hysterical about an issue that occured months ago.
Duane -
You claim that “We help thousands of homeowners EVERY month”
- so you “helped” about 24,000 distressed home owners and credit challenged buyers last year and continue to do so.
How can you service 100 people every day and have enough time to comment on the posts on this blog?
I didn’t realize that equity stripping was so easy and non labor intensive. I call BS.
FYI - if you think there is bunch of non educated, non sophisticated suckers here that you can “help” you are truly delusional. If you have been reading this blog for any amount of time you’d know that there isn’t that type of MARK to be found here. I am really questioning your marketing skills that you considered “advertising” here. Now you’ve opened yourself up to unwanted attention - you will reap what you sow. Anyone who associates businesswise with Casey at this point is an idiot or a Con - why, Duane, do you want that attention on your “business”?
January 25th, 2007 at 10:56 am
I see the voting system broke. Time to polish them 33t coding skills.
#408. Seek help!
January 25th, 2007 at 11:09 am
Is a hater a reader?
Seriously… ??
January 25th, 2007 at 11:15 am
Great job with the most recent postings!
January 25th, 2007 at 11:22 am
Duane
stick around, you don’t have to post a lot, but I know you will have great fun thoughts for us in the future - also, you can pitch your own TV show with this: REHAB THIS FLIPPER!
Hey chimpCasey, the NYT has an article for you today:
_The voices in my head say ‘buy it!’ Why argue?_
http://www.nytimes.com/2007/01.....6tier.html
Magical!!!
January 25th, 2007 at 11:27 am
Yes - but that natty cloak will not likely reveal $2+ million dollars of fraudulently-incurred debt, approaching federal prosecution, and the foreboding shadows of the barbed hammers of the IRS…..elipsis……another elipsis………
January 25th, 2007 at 11:41 am
Uh oh, looks like Sputnik and Ogg may have it out!!!!
I hung out with the trailer park boys last night, those guys know how to party. So much better than that Chinese prison.
January 25th, 2007 at 11:43 am
@412 Jobu
What I meant was that I believe that he would have flipped the houses if the market had continued to climb, paid back the banks and made a profit. He did commit fraud, clear and simple, but if he had made a profit and paid back the banks then all parties would have been happy save the eventual GFs who wound up with the properties. I was just saying that defrauding the lenders was not ostensibly part of his plan.
By the way, I noticed that you haven’t asked the bartender for a refill recently. Smart move… the koolaid served around these parts can be dangerous.
Mike
January 25th, 2007 at 11:49 am
Nigel said
“I’ve had no such luck finding anything on Sputnik the Cat, Legion and don’t get me started on Og the Caveman.”
Well that is because brilliant one, we choose to remain anonymous. Unlike you, we don’t need the internet to drum up business..by the way, been to your site..I’m sure traffic has died down once the Casey stories you created were finsihed with,( loser), anyways
I am pretty certain that you actually tried to look up a sputnik the cat, probably hit various humane society web pages with the keywords “talking cat that likes to s*** , maybe an astronaut”
and I am sure you have called various museums asking if they have reported a missing caveman.
As for your comment, you are correct, unlike you and CAsey, I do have a regular job (I mean c’mon Casey is a self employed entrepreneur and you are a real estate agent, I mean, please, get a real job already) and I do have a regular life. I don’t have to attach myself to some loser that is getting publicity to get more publicity for your own sad sad blog. Or shall I go into how you were putting out press releases(in private) then bragging about how many hits you were getting (until an astute observer called you on it)..yeah, remember that Nigel ol’ boy?
Do you know why the call us Legion Nigel? do you?
January 25th, 2007 at 12:04 pm
Duane….I have noticed one remarkable change since you began your guest stint in this soap opera. moderation has sped up AND more importantly, emails that ask hard, specific & probing questions are finally getting through.
Maybe next you can work with “our hero” to actually give straight answers to some of the hard, specific & probing questions.
January 25th, 2007 at 12:08 pm
Duane says, “The contract (I use that term loosely) with the 2 witches will be exposed…”
And then…….
The house began to pitch, the kitchen took a slitch
It landed on the wicked witch in the middle of a ditch
Which was not a healthy situation for the wicked witch
Who began to twitch, and was reduced to just a stitch
Of what was once the wicked witch
Casey thanks you very sweetly for doing it so neatly!
…but whatsoever will become of witch number 2?
Stay tuned.
January 25th, 2007 at 12:21 pm
Duane sez he’s not going to be a regular poster here…..NOT! He’s already been sucked into the twilight zone, he just doesn’t realize it yet. He’ll be sitting at his desk and fight the urge….but it will be to no avail. He’s try to get some work done, but NOOOOOO. Casey calls, I must return.
Welcome to the dark side……..
January 25th, 2007 at 12:22 pm
Duane @399:
Ogg glad you help people. Maybe you help Ogg brother Thag with overpriced underwater cave.
(Thag not just owe more than cave worth. Cave actually underwater. Thag buy site-unseen.)
January 25th, 2007 at 12:27 pm
Loads o money questions and caseys answers explain why case will never have loads o money.
January 25th, 2007 at 12:40 pm
The votes thing were a fun feature, but don’t spend more money on a server just to accommodate it. You have much more important things to spend what little cash you have instead.
Ultimately, this blog works when you moderate comments in a timely manner. I don’t know how much staying power this has longterm, particularly once you lose all of your homes by April or so, but for the time being moderating and approving comments is the best way to add value to this blog. Not little features like comment voting.
Just my $0.02.
January 25th, 2007 at 12:47 pm
Yes, because you have plenty of money around to spend on dedicated servers for your blog, right?
Jeez louise.
January 25th, 2007 at 12:50 pm
Case History and Community,
Ooops. I just posted on the previous thread. Basically my question is what recourse do the unsecured creditors have to get paid. What specifically can they do? Where and what will be the consequences of simple not paying the debtors?
coyote
January 25th, 2007 at 1:06 pm
Casey:
You’ve disappointed me once again. Comment # 356 you said: “This way I can repay the lender at least some of the money.”
What about all of the money?? You are doing a short sale, for 270. The total borrowed for this was in excess of $333,000. First loan (countrywide) was at $258K… So it seems after commision, at the $270K sale price, the lender could almost wash out. But what about the second? What is the plan for paying the balance of the money loaned to you for this property.
Do you know how much $$ lost on the Dallas house that foreclosed? How do you plan to repay those dollars??
I’d still like to know your plans for “repaying every dirty penny” of the debt you’ve taken on. As we’ve all said, any “dreams” you have of “passive income” at $5k p/month still won’t achieve in repayment of your massive debts.
Duane - perhaps you could address this? You seem to be mentoring Casey - what advice have you given him with regards to making money (an income) sufficient not to just live (i.e., rent, utilities, food, etc.) but to repay all the creditors.
Would appreciate an answer.
January 25th, 2007 at 1:16 pm
Hey Casey, where’s my response to Duane re: Haters?
Don’t tell me you had a problem with that fun post!
January 25th, 2007 at 1:39 pm
@408. West Virginia Hillbilly
Now that’s what I call a diatribe!
“I forgot to tell you about them.”
It’s like you have a flock of albatross cackling over your head, isn’t it? Or maybe a chorus of gnomes?
January 25th, 2007 at 1:44 pm
Hey futurestrader, why dont you go hang out with John Kerry. You probably have a scrapbook of B. H. Obamma and Mrs Clinton.
January 25th, 2007 at 1:55 pm
Oh my God. West Virginia Hillbilly is the real unibomber!!!!!!!!
They have the wrong guy in custody!!!!!!!!!!!
He just wrote a Ted krusinski manafesto!
January 25th, 2007 at 2:08 pm
Casey,
Bag the voting idea. I saw it this AM, and basically, your best score was about -47. Everybody else, including Mr. Gatemouth, was in + territory. If you opened the voting up for a whole day, you might hit a number that would make a Math PhD lose his mind.
See the trend here?
January 25th, 2007 at 2:21 pm
@437. rokit88
“REHAB THIS FLIPPER!”
That is hysterical!
January 25th, 2007 at 2:38 pm
Why would a reader be a hater? He uses a phrase that applies to jealousy!
For example, I am a critic of Casey’s. Far from a hater. Am I jealous of his site? No. Personally, I’d be ashamed to start a site like this to begin with. I don’t take unnecessary risks, I only take CALCULATED ones.
So basically is a reader a hater? No. Prove to me they are…you know my definition is correct. I don’t post incorrect info unlike our fearless flipper does.
January 25th, 2007 at 2:38 pm
Shocking? Casey Serin, real estate’s Stanley Laurel, commits fraud and puts his life up on the internet for everyone to see. People then make fun of him. How is this shocking? Did you just get an internet connection yesterday? Trust me, infinitely more vile things await you if you go probing around the bottomless depths that is today’s internet.
http://www.freewebs.com/creepy.....dHardy.jpg
January 25th, 2007 at 4:13 pm
Joe Blow
“I don’t think anyone here claims that we don’t have something to hide or have done nothing wrong. We just don’t post our mistakes in public , solicit advice, and then ignore it. Nor do we try to gain sympathy for patently fraudulent activity. You should know that difference, you’ve been here long enough and I think have also been frustrated with Casey. Instead of patting Duane on the back you should be warning him.”
I think it’s pretty obvious this blog has morphed into something Casey didn’t expect. And believe it or not, there is a lot to learn here. I appreciate the advice I’ve seen given out by obvious professionals, Mr. Flipper, Tim from MBA, etc. I also appreciate the opportunity to give my two cents worth as well.
I don’t think Casey is seeking sympathy at all. He was just trying to market his properties online and then he got picked up by the media and now we have Caseyland, USA.
You bet I’ve been frustrated by some of Casey’s decisions, the corp credit scam, the “University” course and failing to fix his remaining homes and move into one. But I also sympathize with Casey because I’ve been in a similar situation before. (Sans mortgage fraud) Losing this big takes a lot out of a person, regardless of the optimistic persona they present publicly. This whole thing must be taking quite a toll on him. When I did my interview with Casey I was amazed at how he was willing to laugh at himself on the phone, even though he knew exactly how deep he was in it.
I don’t think I need to warn Duane, he’s doing quite well for himself it seems.
Nigel
January 25th, 2007 at 4:43 pm
Legion,
“Unlike you, we don’t need the internet to drum up business..by the way, been to your site..I’m sure traffic has died down once the Casey stories you created were finsihed with,( loser), anyways”
Not quite. I publish my web stats and you can see they are only going up. No pay per click. It’s all organic.
“Or shall I go into how you were putting out press releases(in private) then bragging about how many hits you were getting (until an astute observer called you on it)..yeah, remember that Nigel ol’ boy?”
I’ve put out two press releases. By their very nature they’re public. I even put them on my blog sidebar. Nothing to hide. I don’t recall any astute observers calling me on my traffic. Is it you? I believe you’re very astute in calling me a “real estate agent” when everything points to me being a mortgage broker. Read the top of my blog if you need help.
Nigel
P.S.
“Do you know why the call us Legion…” Is it because you have multiple personality disorder?
January 25th, 2007 at 4:55 pm
Duane,
Your posts cut to the truth like a laser- very clear thinking on your part. You are to Casey as anti-matter is to matter.
Even your age 42 is a mirror of Casey’s 24 years.
-Big Cheese
January 25th, 2007 at 5:24 pm
Here’s the correct traffic link.
January 25th, 2007 at 5:39 pm
Nigel your blog is pathetic.
January 25th, 2007 at 9:03 pm
Walt,
Thanks for your honest answers. You didn’t really have to do that.
I would much more imagine Casey’s “haters” as a bunch of Hannibal Lecter types seeking not much else but Casey’s head on a platter, served with a side of fava beans of course.
Nigel
January 25th, 2007 at 9:29 pm
Nigel
Real estate agent, mortgage broker….doesn’t matter, unemployed will soon be your title.
anyhoo, back to showing people what a loser you are…
http://www.websitetoolbox.com/.....p;trail=60
Quote:
Originally Posted by investorintexas
Quote:
Originally Posted by nswaby
Wow! My “lame” articles on Casey made Yahoo! News today.
Why did you purchase a press release for this? All of these PRweb purchased press releases get distributed via Yahoo as well.
Maybe I’m not quite as impressed. I thought it was a regular Yahoo story. Now I see its a press release. NSWABY did you originate this yourself?
Greg
nswaby
Senior Member
Registered: 9/17/06
Posts: 135 11/01/06 at 11:14 AM
——————————————————————————–
Ahh, I feel bad. That was a little misleading. I do like the way Yahoo!News packages their press releases.
The truth is, most business news is generated by press releases. Tickle Me Elmo 10 wouldn’t be the hottest thing this Christmas without a well timed press release from Mattel.
When issuing a release like this, I was hoping for just two things - pickup by the mainstream media with the possibility of further interviews and widespread distribution on the web. No calls yet, but I did get this pickup.
Nigel
Frankly, I couldn’t care how much ‘traffic’ your web site gets. You can go from 1 to 2 readers and state that it has gone up 100%. I just look at the comments on your blog, you know, the one or two people that actually bother to comment, and figure you are a loser. so what’s a loser to do? How about sticking their head where the sun don’t shine of someone who generates 300 plus comments each day..that’s how.
so yeah, I have multiple personalities genius..but at least none of them are LOSERS.
January 25th, 2007 at 10:09 pm
@416. Nigel Swaby
“Because your adversaries have a powerful defensive weapon - the cloak of anonymity. While they can freely search public records for Casey, you and myself”
“Cloak of Anonymity?” Dude put down the Harry Potter books and step away.
Seriously is “Nigel Swaby” your real name? […]
January 26th, 2007 at 3:38 pm
Hey Nigel,
I really resent your remark about so called “racists”. This pc bs term is only EVER applied to white people. Screw the double standard bub.
Also, I resent that you imply we are all scum. Speak for your
self.
I am really tired of your smarmy attempts to generate blog traffic, to your pathetic blog.
Give it up. Just how brown is your nose anyway? You sure picked a winner IAFF to hook your wagon to.
January 26th, 2007 at 10:33 pm
So Nigel
First you act like you are so suprised that your ‘lame’ articles on Casey were picked up by yahoo news..then we find out that you are the loser that actually paid for the press release so that they would pick it up…so ummmm..what part of my calling you a loser is a lie?
So shut the hell up, you also mention that you did it all for your own selfish reasons;
“Ahh, I feel bad. That was a little misleading. I do like the way Yahoo!News packages their press releases.
The truth is, most business news is generated by press releases. Tickle Me Elmo 10 wouldn’t be the hottest thing this Christmas without a well timed press release from Mattel.
When issuing a release like this, I was hoping for just two things - pickup by the mainstream media with the possibility of further interviews and widespread distribution on the web. No calls yet, but I did get this pickup.
Nigel
Sigh…yeah I guess you are a winner Nigel, just like Casey is a successful investor.
April 20th, 2007 at 5:30 am
post. It seemed that in the mist of this foreclosure earthquake doors began to open for Casey Serin. Things such as meeting with Robert Kiyosaki, advice from Real Estate Guru’s, Newspaper Articles and Television Appearances. Casey has even had his website sponsored by someone well known in the real estate industry. One would think with all of these opportunities that Casey would be able to rise out of the ashes like the legendary phoenix, but it just never happened. Some of you are asking why he wasn’t able to
April 21st, 2007 at 6:40 pm
post. It seemed that in the mist of this foreclosure earthquake doors began to open for Casey Serin. Things such as meeting with Robert Kiyosaki, advice from Real Estate Guru’s, Newspaper Articles and Television Appearances. Casey has even had his website sponsored by someone well known in the real estate industry. One would think with all of these opportunities that Casey would be able to rise out of the ashes like the legendary phoenix, but it just never happened. Some of you are asking why he wasn’t able to
April 21st, 2007 at 6:40 pm
post. It seemed that in the mist of this foreclosure earthquake doors began to open for Casey Serin. Things such as meeting with Robert Kiyosaki, advice from Real Estate Guru’s, Newspaper Articles and Television Appearances. Casey has even had his website sponsored by someone well known in the real estate industry. One would think with all of these opportunities that Casey would be able to rise out of the ashes like the legendary phoenix, but it just never happened. Some of you are asking why he wasn’t able to