April 17th, 2007 10:10 pm
Taxes Extended, CashCall Not
Busy day (and night). Had to go to downtown to take care of some urgent business. Bought some extra filing cabinets and storage supplies from our local West Sacramento IKEA to organize paperwork. Still working. Quick update:
Taxes
My accountant filed for a tax extension with the IRS. Now we have 6 more months to finish organizing the accounting. With all the crazy adventures, property dealings and travels form 2006 this has been a very overwhelming task. So overwhelming that we’ve been procrastinating. I cannot let this continue and come October we’re in the same boat. I must start working on it.
If anything I’m very curious to see exactly where all the money went that we borrowed. I believe most of it was used for repairs, real estate related travel and seminars. However, it would be nice to have it broken down by property. Also I can show everybody how little we spent on “frivolous” stuff, dining out, etc. That should silence the critics.
CashCall
This really sucks. Here is why. I worked hard “dancing around like a monkey” all night long and raised $378 from donations and sent in the payment to CashCall to get my 2 month extension on payments.
Well, CashCall then sent me a contract that I was supposed to sign and return within 48 hours or the deal is off. I didn’t remember hearing anything about the 48 hour time frame. I did get the contract but I delayed sending it because we went out of town that Sunday for a week. After I come back I kind of forgot about the contract. Then I get a call from CashCall a couple of days again and they want their money.
I was surprised so I told them I have a deal. They check the notes and they said the deal is off since I never returned the paperwork. I explained the situation but they were unwilling to honor the original deal. They said if I make another payment they can check with the work-out department to see if they would be willing to give me that deal again but there are no guarantees the second time around. I asked to talk to another rep to see if we can work something out. But the response I’ve been getting is that I will have to make another payment now bofore proceeding.
So basically that $220 (plus Money Gram fees) I sent was kind of a waste because it didn’t accomplish anything. I’m still behind and they are going to send it to legal any day now.
It’s probably mostly my fault because I should have read that contract right away to see if there are any timeframes. My weakness in the area of logistics is getting me in trouble again.
270 Comments
April 17th, 2007 at 10:15 pm
Casey, what is the problem?
I mean you pulled out like $4000 out of your butt after the cashcall monkey dancing beg festival.
Pull some miracle out of your butt again and pay it off then.
April 17th, 2007 at 10:19 pm
Stop giving them money until you’re in a place to do something about it. It won’t help you, and they’ll just keep wanting more.
April 17th, 2007 at 10:22 pm
Well, I gotta tell ya, that CashCall “situation” is going to make a lot of people very angry at you personally because they wasted their good money on you. Thankfully, I wasn’t one of them.
And, no, it isn’t “probably” nor “mostly” your fault; it’s entirely your fault. Surely, you had time on the plane to SLC to read through a contract.
By the way, I think you’ll be hard pressed to find a *sucessful* entrepeneur who was only the “Idea and Creativity” guy. Everybody has ideas. Not everybody can follow through and work through the logistics and problems of implementing those ideas.
And the train wreck continues… Whee!!!
April 17th, 2007 at 10:23 pm
You don’t have a problem with logistics.
YOU HAVE PROBLEM WITH CONCENTRATION. YOU HAVE ATTENTION DEFICIT DISORDER. GET HELP!!!!!!!!!!!!!
April 17th, 2007 at 10:24 pm
What a waste it was giving them a tiny bit of money back that you stole from them huh? Good mindset you have.
April 17th, 2007 at 10:25 pm
Ah that’s better. Back to the real Casey
Don’t sweat the details, dude. Leave those to the details guy, you need to concentrate on the big picture. Which is taxes. You know the extension doesn’t mean you don’t pay now, right? It just means you pay an estimated amount now and work out the detailed amount later. Leave that to the details guy too.
Feel the hate, dude.
April 17th, 2007 at 10:32 pm
OMG you are such a looser™.
First off, I think your “accountant” is actually the squirrell that hangs out in your back yard. He obviously is unaware of the fact that that extension does not get you off the hook for paying what you owe RIGHT NOW. You have to pay an estimated amount to the IRS to cover your 2006 taxes moron. On top of that if you did not make any estimated payments during the year you already owe 4 months of interest plus late fees.
Nice job forgetting about the CashCall thing, you should reward yourself with a wheatgrass shot for that one.
You are truly stoopid™.
April 17th, 2007 at 10:34 pm
Call their bluff, Casey! Don’t get suckered into dancing like a monkey again!
April 17th, 2007 at 10:37 pm
@1. Thinker:
That $4,000 I pulled out is not my own. It belongs to the corporation. So I wasn’t lying when I said I had no personal money left over to pay CashCall. So everybody who donated, please don’t be upset.
I can’t just be spending corporate money left and right without accountability and checking with all the parties involved. Besides, the corporate money has been already reserved for an income producing investment, instead of borrowing from Peter to pay Paul.
According to my corporate lawyers, the corp needs to be making money first before I attempt to pay back or refinance any personal debt (if I choose to do that instead of bankruptcy). Otherwise it will look suspicious.
And I’m done doing shady stuff out of ignorance. Things are gonna be as clean as possible from now on. I’m glad I got some legal advice about the corporation first.
Good things are coming!
April 17th, 2007 at 10:37 pm
Luke, the force is strong with you.
You must not go to the dark side like your father, Darth Vader.
Wait a minutes, you aren’t Luke Skywalker
I apologize sir.
I’m off to planet Tatooine
Good day to you.
April 17th, 2007 at 10:39 pm
Don’t worry too much about it, it will all work out.
April 17th, 2007 at 10:41 pm
Well, Casey, what are you going to do now?
There are people giving you advice about not paying the cashcall.
I mean there are other lenders you need to pay, but why are you so focused on cashcall?
Is it because of the threat?
Here’s some suggestions:
1) Try to another donate-a-thon.
2) SELL LINKS ASAP (you have a PR5 website and I’m sure you’ll be able to make enough monthly to pay cashcall…I’m not kidding)
3) SELL BANNER SPACE (like what you are doing with adbrite, but lower the price and increase the number of banner spaces… smaller can do fine too)
here are the solutions…
You’ve been in the web marketing business…
you know where to sell the link areas
April 17th, 2007 at 10:50 pm
Casey, my man. You’ve done it again… If you were through the normal college education, you would know procrastination is just like mastur******, you always ended up f****** yourself!
LOL
April 17th, 2007 at 10:51 pm
Didn’t CashCall™ say they’d settle the whole tab with you for around $9,800…? Just pull out some more money from your shell corporation and get these people off your back! Then, to pay off the corporation’s debt, you can just form another shell corporation. Sweet. :-Þ
BTW, your tax extension notwithstanding, if you didn’t pay your estimated 2006 taxes by today, you are in deep doo-doo my friend. But it’s all good.
April 17th, 2007 at 10:55 pm
First of all, I noticed that you didn’t include the $250 that Stanley gave for your interview with “T” in your beg-a-thon totals.
If you ignore that $250, I gave over 25% of your total for the beg-a-thon.
If you include the $250, then I gave about 15% of what you raised.
Based on your comments about GSPG, I believe you really did buy the stock*.
Those of us who did help you out when we hoped you started to see the light probably feel somewhat burned when we saw that you came up with the money to finance your corporate scam. (I certainly do) I don’t think you can count on similar generosity in the future.
*Reasons that I believe you bought the GSPG
You mentioned something about posting a screen shot of your corporate Etrade account.
When people were questioning if it was an April Fools joke, you mentioned that only one poster caught the fact that you couldn’t have bought the stock with the beg-a-thon cash because the market was closed when you started begging.
You have continually ignored questions about GSPG or danced around answering the question since then
You came up with $4,500 a week after your beg-a-thon to pay back the loan to fund your latest scan. (The “corporate thingy”)
April 17th, 2007 at 10:57 pm
“I should have read that contract right away to see if there are any timeframes”
Here’s a tip;
Going forward, ALWAYS assume there’s a timeframe. In almost every case there will be.
April 17th, 2007 at 10:58 pm
CASEY, WHY ARE YOU AFRAID OF “CASHCALL”??
YOU DON’T CARE THOSE $2.2M, BUT YOU CARE THIS “CASHCALL”, I JUST DON’T GET IT.
WHAT DOES “CASHCALL” HAVE THAT MAKE YOU AFRAID OF THEM???
WHY ARE YOU AFRAID OF “CASHCALL” LIKE A SCARY CAT??
ARE YOU ALL RIGHT???
ARE THEY GOING TO BEAT YOU UP??
April 17th, 2007 at 10:59 pm
“Good things are coming!”
Is that a claim, a prediction, or a wish?
April 17th, 2007 at 11:02 pm
“I did get the contract but I delayed sending it because we went out of town that Sunday for a week. After I come back I kind of forgot about the contract.”
Lordy… Another vacation?
I’d like to be supportive of you Casey but you make it so so very hard.
April 17th, 2007 at 11:05 pm
CASEY, DON’T BE A SISSY, DON’T PLAY THE BLUEBALL,
BE A MAN AND JOIN THE ARMY AND JUST DO IT!
IT’S AT LEAST YOU CAN DO IT RIGHT BY JOIN THE ARMY
SWEET~
April 17th, 2007 at 11:19 pm
Ah, one can look back on the ocean of people who got carted off to the pokey because they weren’t ‘motivated’ to pay their taxes. Seriously, while the haters might harp about you going to prison for fraud, you will end up in jail if you don’t pay the IRS. They’ve got even more fangs than Cashcall.
Someday you’ll realize that there’s things in life that you do even though they aren’t fun. For example, I hate brushing my teeth. I think it’s gross to have a mouthful of foam and then spew it into the sink. But, I brush my teeth every day, and I don’t put it off. The thought of what life would be like if I didn’t brush my teeth is quite the motivator!
Reading those pesky contracts, doing those tedious taxes, and paying those annoying creditors are just some of those things you have to do, like it or not. Every time you eat that Macaroni Grill goodness, it means another, less pleasant task awaits you several hours later. There’s things you can do to make your task more bearable (don’t get the Hot Sausage Pepper Alfredo sauce), but it still must be performed, and not done… erm… half-assedly. Deal with it!
April 17th, 2007 at 11:19 pm
Casey,
WTF. You want to make this a site to help people in foreclosure, but you don’t understand lender timeframes?
Hate to tell you, but you are absolutely the worst person to be able to provide foreclosure guidance. You’ve trashed your personal credit history and potentially have some legal issues related to your “investments”.
I can just imagine your first “foreclosure help” contact. They ask “What should I do Casey?” You reply “Don’t open any mail, or sign anything”. They ask “The lender is foreclosing on my home tomorrow, what do I do?” You reply “I don’t think they can do that, let me ask the haterz what is likely to happen.”
Your weakness in the area of competence is what gets you in trouble. I haven’t checked Modesto recently, how much longer until you drop off the face of the Earth?
April 17th, 2007 at 11:19 pm
I think the concern over CashCall is the fact that they don’t play around.
Once it goes into default, they will show up at his house. Then they’ll quickly take him to court and get a judgement. Then a writ of execution. Then it’s not going to be a pretty sight at the in-laws house when they show up to execute it.
Then there’s also the strong possibility that Casey committed some sort of fraud when he took out the loan. If so, it’ll soon be brought to light by CashCalls lawyers and the house of cards will come crashing down with a quickness.
April 17th, 2007 at 11:21 pm
Ahhhh….So good to have the REAL Casey back.
Gone is the high-minded, noble, foreclosure-resource-site help-the-needy- Casey. No, the curtain has fallen, and behind is the curtain is the hilariously incompetent dolt we have all come to know.
The bumbling, fumbling, dissembling one.
Where to start?
CashCall honored the deal. It was Casey who DISHONORED the deal by “FORGETTING” to sign the contract. Now, sweet justice–he has lost all the money he gave them, and now they are coming after him with both barrels.
And…
“corporate funds”? “corporate lawyers?” “my corporate funds are reserved for investing in an income property/”
BWA HA HA HA HA HA
To all those who donated money to the monkeydance…isn’t
it good to have the deceiving, conniving, shyster Casey back? Remember, he “didn’t have any personal funds to use.” Isn’t he slick?
BWA HA HA HA HA HA HA
April 17th, 2007 at 11:22 pm
So you did buy those shares?
And it’s not “mostly your fault” you didn’t sign the CashCall contract. It’s entirely your fault. You couldn’t even wake up enough to read the contract.
Gee, it must be hard being a national celebrity and serial entrepreneur like yourself, Casey. Forget the details, just be an ideas guy! You can’t be expected to delay a week’s important holiday just because some trumped-up lender wants a payment.
April 17th, 2007 at 11:22 pm
Wow, Casey. Don’t worry; you’re going to have the last laugh. But you gotta stay on top of these things man. It’s not difficult, although I admit it isn’t fun.
Here’s a tip: I have all my properties organized in individual folders per property. These are not fancy folders in newly bought Ikea furniture cabinets. They are plain 8×11 manila envelopes in a used garage-sale file cabinet. I drop my receipts on each envelope, and sometimes I write little notes on the receipt to remind me of specifics. The folders aren’t even upright; they’re just tossed in the second drawer (the first is for tenant folders). I also use Quickbooks to keep track of my tenants paying me, late fees, and expenses, etc. This makes tax time very easy.
ANYWAYS, this is what I really wanted to say:
hahahaha! I really do enjoy the entertainment value of this website. can we start voting on who has the FUNNIEST comments?
My vote so far is: #3, #6, and #7!
ASW: manbag (this made me laugh too)
PS - I’m not a hater, but damn this sh*t is funny. You CAN make money from this somehow!
April 17th, 2007 at 11:25 pm
I don’t mean to nit-pick, but you purchased shelving at Ikea? Seriously Casey, you continue to spend money you don’t have. How’s about stacking some empty boxes to organize? No, you have to go spend money on shelving.
It’s good that you’re taking a serious look at the way you handle business transactions. This should confirm that you need to go get a full-time job, with full-time pay, while you reflect on the inability to function in an entrepreneur capacity.
Can’t you feel the walls closing in more and more? BK is the only action that’s going to help you begin your life again.
You indicated you were making $8000 in April. Can you let us know what that’s all about?
April 17th, 2007 at 11:28 pm
The transcript of your conversation with CashCall says that you have to sign and return the contract by the 31st. You said “OK” to that.
You didn’t even read your own transcript.
You’re not a businessman, Casey.
ASW: thingy. But the one before that was “craziness” which is entirely more apt.
April 17th, 2007 at 11:37 pm
Casey’s Future
Fellow readers,
We need to find a way to keep this blog going. This is just too entertaining.
As things currently stand, Casey’s credit is ruined at least into his thirties….but if we help him, we can keep him with horrible credit and entertaining pratfalls for another ten years after that…
what if we all chipped in, say, 10 cents a month. How many visitors does he get? 10,000? It might be enough to keep him in hilarious new deals.
We could do it through paypal…
April 17th, 2007 at 11:41 pm
Casey, I’m a writer. And because I get a lot of freelance work, I maintain an Excel spreadsheet listing commission, publisher, word count, deadline and a four-stage list of how far I’ve got with it (research/draft/completion/submission).
I keep it constantly updated because I typically get one or two new commissions per day - and without it I would never be able to keep track of everything I’m supposed to do.
But as it stands, I have an instant picture of my workload at any given time, and an instant picture of what’s urgent and what I can put off till later. So there are no excuses.
(In fact, it’s precisely because I meet - or, frequently, exceed - all my deadlines that I get so much work: I particularly specialize in last-minute space-fillers after another writer has failed to deliver).
You badly need something similar, as your “ignore it and hope it’ll go away” method patently doesn’t work, and is now costing you serious money. If I behaved the way you did, my commissions would shrivel into nonexistence in a couple of months as I missed deadline after deadline and my various employers decided to take their custom elsewhere.
April 17th, 2007 at 11:41 pm
Casey,
$250 of the Dancing Monkey-A-Thon came from me and I’m not angry. Why should anyone who donated be angry? You received money in exchange for assorted services…..an even deal.
I’d worry a lot less about Haterz(tm) being angry at you and be more concerned about the Big League Haterz(tm), the IRS. If you didn’t pay your estimated taxes along with your extension, you are screwed far worse than you realize.
You know, the Mob isn’t scared of many things in this world, but the IRS scares them spitless……so where should that put the IRS on your list?
April 17th, 2007 at 11:44 pm
Where’d the money come from for the filing cabinets and storage supplies? I know they were probably about $30 from IKEA, but surely you had to hire someone to put them together. (Manual labor != Casey’s Thing; Manual Labor == Waste of Casey’s Valuable Time)
Where’d the money come from for your trip?
GSPG is at .002 last I checked. If you’ve still got it, that means you’ve lost about a third, maybe a bit more. But, “it’s all good”. That’s what leverage is for, in Casey’s world: lose other people’s money instead of your own…
April 17th, 2007 at 11:52 pm
It’s probably mostly my fault because I should have read that contract right away to see if there are any timeframes.
No, it’s entirely your fault, and there’s no “probably” about it. Who else could possibly be to blame for your failure to read the contract, and your failure to act on the timeframe mentioned therein?
The day you start taking full personal responsibility for your (in)actions is the day you might start making some real progress. But make no mistake: there is no-one else on the planet who can reasonably carry the can for this latest débâcle, and even vaguely hinting that there is is an insult to your readers’ intelligence.
(Yes, even the really stupid ones who post supportive posts under multiple identities with identical signature styles to give them away. And that’s pretty darn stupid).
April 17th, 2007 at 11:54 pm
So, Casey, how did you pay for a week long trip, where did you go, and what did you do?
April 17th, 2007 at 11:59 pm
Wait a minute.
I smell a rat. I think Casey has a plan - he surely must have heard everyone’s advice not to bother paying Cashcall… and Suze’s advice not to pay anyone else either. I think the BK is a done deal. Casey’s only “asset” now is his weblog traffic. He simply must spin an entertaining tale to keep the numbers. Hence the comedic troll-bait… “forgetting” to make a payment to “CashCall” to go on “vacation”. Hook, line and sinker.
Sure he didn’t pay. But he has no plan to, his personal debt is unrecoverable. I bet everything he has is in his corporation now. Now he just needs to entertain and get clicks for his corporation to earn revenue. It makes perfect sense. Congrats Casey, it was seamless. Really, nice one.
However this blog is henceforth a work of fiction.
April 18th, 2007 at 12:01 am
“I explained the situation but they were unwilling to honor the original deal.”
That would be because YOU didn’t keep to the terms of it. As far as I can tell THEY did everything THEY said they were going to. That’s how it works in the real world.
Given that you’ve just admitted to taking a week “out of town” and your organisational ability, I too look forward to your accounts and you showing how much you have or haven’t spent on “frivolous” stuff. You presumably have to keep receipts and the like for all your business expenses, but I can see the post now: “Oh dear, I can’t account for $50,000 - it must be that can’t find the receipts for the business expenditure”
No Casey, when people are as un-organised as you they lose track of all the little expenses they put on cards here and there and all the little cash buys that go on all the time. Until they start to take control and keep track of their expenditure they just guess and usually grossly underestimate. You aren’t in control. You are guessing. If your tax return means that you get hit with the reality of your situation then good.
What happens if you forget to put something on your tax return in CA?
April 18th, 2007 at 12:02 am
Casey, you need to change the name of this ride from “Iamfacingforeclosure.com to: “I am in deep S__T and have no clue please help me.com”.
The idea that you could give any advice on any subject to anyone is laughable.
Your future is bankruptcy, trust me!
April 18th, 2007 at 12:04 am
Yo, yo, yo…I just thought of a great idea for you Casey! You will be back on your feet in NO TIME, and your corporation will start showing INCOME.
Back when I was in med school I was trading options regularly and did pretty well. It wasn’t enough to live off of, but it was paying for some of my living expenses. I used optionsxpress and thinkorswim. I’ve since realized that passive income from rental real estate is superior than trading stocks and options (e.g. because there is MUCH less work, monitoring the markets, and research involved. Plus I really like the fact that when you buy RE you KNOW you’ve made money vs. in options, you have to HOPE your trade will go your way), so now these days I actually invest rather than trade the markets. BUT you can still make quick cash in the derivatives markets.
***Who here wants to see Casey begin to trade options or stocks on a margin account via his corporation??? Say “aye.”***
Well, assuming most of us do go to:
www.gmedicine.com/options.asp
This was my website that I used to teach med students how to trade. The material still works but you have to be willing and have the time to spend a few hours each night researching your potential trades or thinking about your exit strategy for your current ones.
For people like you, Casey, who need to start earning income quickly - this is your ticket. You’ve already mentioned something about buying GSPG so you’re already familiar with the markets.
ASW: deals
April 18th, 2007 at 12:05 am
“I don’t mean to nit-pick, but you purchased shelving at Ikea?”
I thought the same thing. If I was perpetually broke like Casey, I wouldn’t even think of spending money on something like that.
Most of my files are electronically stored but for the others, cheap cardboard file boxes and manila folders have worked great for many years now.
You can buy a 100 count box of manila file folders @ Staples for $8.00. Any no-cost recycled box would do just fine.
Cost-control is another business skill that Casey is lacking.
April 18th, 2007 at 12:22 am
Ponzi borrowers are those can pay neither interest nor principal from their cashflows. They have to borrow
more or sell their assets simply to service their debts.
They must have rising asset prices in oder to keep going.
Casey, you would have made Minsky proud if he were
still alive today. Who knows, he may be reading this
blog from his armchair in the sky.
April 18th, 2007 at 12:28 am
Are you serious about shopping at IKEA??!! You are insanely in debt and having a hard time finding money for basic expenses. And you go buy filing cabinets and storage supplies?! That’s insane. And a huge indicator of why you have money problems. When times are tough, you spend zero on anything besides shelter and basic utilities, food and other true needs. Use some boxes for filing and storage. I swear you can get buy without IKEA until you have money.
April 18th, 2007 at 12:30 am
ASW: cashcall (ironically)
So what happens to the $220 you sent to CashCall? Did that help pay off some of the balance, or was this a fee to renegotiate a new payment plan?
April 18th, 2007 at 12:34 am
Casey -
You filed an extension but do you owe money? I realize you’re not good with details, but your CPA must have told you that the extension doesn’t delay the need to pay taxes, only to file the paperwork.
As for CashCall situation, I have to wonder how you managed to work as a programmer? I mean, programming is all about paying attention to the little details. Seriously, you need to stop focusing on the big picture and learn how to handle the little details first.
April 18th, 2007 at 12:56 am
Quote from the transcript with the CashCall advisor:
No. I’m sorry.. I’m sorry if I’ve confused you. It’s a two payment deferral. We’re going to take the two payments that are past due after you make the payment for $220.46. I’m sorry $220.48. The payments that are past due, we’re going to add them to the back of the loan. We’re also going to take your April payment and add that to the back of the loan. Here’s what you need to do in order to get that. Ok. You make the payment for the $220.48 which is your February payment. We will waive the late charge also. That’s a total of $60 dollars. Now in order to get that, you make the payment. We’re going to e-mail you some information. It’s a new contract. So you’re going to sign that. It’s not even a contract. It’s just a statement saying we’re going to get it from you. You’re going to sign that and fax that back to our office … by the 31st.
To which you replied “OK”.
And you posted the transcript of this conversation on your blog, so that we can all see the terms of the deal that you agreed to.
And what do you post today?
Well, CashCall then sent me a contract that I was supposed to sign and return within 48 hours or the deal is off. I didn’t remember hearing anything about the 48 hour time frame.
Well, maybe you should have checked your own transcript, as it’s down there in black and white.
I did get the contract but I delayed sending it because we went out of town that Sunday for a week. After I come back I kind of forgot about the contract. Then I get a call from CashCall a couple of days again and they want their money.
I’ve just picked myself off the floor after falling over in astonishment. The nerve of these people!
I was surprised so I told them I have a deal. They check the notes and they said the deal is off since I never returned the paperwork. I explained the situation but they were unwilling to honor the original deal.
Who would? You ring them up, clearly utterly desperate. They offer you a pretty good deal (which they were under no obligation to offer you), but they said that in order to qualify you need to make a goodwill payment and sign a contract agreeing to new terms. You fail to fulfil your part of the bargain. Why should they honor the original deal when you so clearly can’t be bothered to honor it yourself?
Why does everyone else on the planet have to dance to your tune, while you do whatever you want, whenever you want, putting off the boring stuff indefinitely?
They said if I make another payment they can check with the work-out department to see if they would be willing to give me that deal again but there are no guarantees the second time around.
That sounds very generous of them, given how flaky and untrustworthy you proved yourself to be first time around. And offering a guarantee at this stage would be insane.
I asked to talk to another rep to see if we can work something out. But the response I’ve been getting is that I will have to make another payment now bofore proceeding.
Which sounds entirely reasonable. After all, you made a verbal agreement which you then failed to honor. And since you’ve proved yourself (again) to be untrustworthy, you’re going to have to earn their trust back. By paying for it.
It’s probably mostly my fault because I should have read that contract right away to see if there are any timeframes.
You already knew that there was a timeframe because you agreed to it verbally over the phone. So it’s not “probably mostly” but “certainly completely”. NO-ONE ELSE can accept even the tiniest scintilla of responsibility for this latest disaster.
And on a more general note, PLEASE can you drop this fantasy that you’re a hotshot entrepreneur? It’s pretty much wrecked your life already, but you still have further to fall (homelessness, divorce, jail, permanent wage garnishment for the next few decades). Since you’ve proved beyond any possible doubt that you lack even the most basic competence when it comes to filing simple paperwork on time, what you need to do is GET A JOB, in a field in which you’re genuinely competent, and let other people do all the tricky stuff for you. You simply do not have the all-round skills to make it on your own - and if you can’t develop them even under pressure of legal action and visits from CashCall’s collections department, what possible hope is there for you?
Seriously, Casey - the first step in any twelve-step recovery program is to admit that you have a problem. Your problem is that you think you’re a businessman in much the same way that people dream about being able to fly unaided - it’s a nice idea, but it ain’t never gonna happen.
April 18th, 2007 at 12:56 am
Incredible.
It’s going to be hard helping people out of foreclosure without a frickin’ PC!
April 18th, 2007 at 1:07 am
you owe 100s of 1000s of dollars, and now you’re hiding your cash in some ‘corporation’? dude, you are way in over your head here.
April 18th, 2007 at 1:09 am
Casey,
Here’s a positive post.
Since CashCall wants their money, we can surely expect a new and improved “dancing monkey” episode.
Good for your traffic, and it provides the entertainment that you used to provide so frequently. I can’t say I’ll contribute money, but I’ll at least visit a few more times to view the ridicule. It’s your calling, no one can do it better.
April 18th, 2007 at 1:15 am
Honestly Casey, if you were so low on money that you had to beg to make a $220 payment, where did you get the money to buy IKEA furniture?
I hope you’ll understand when people get really mad at you today. Not only are you buying frivolous things (yes shelving is not a need, it’s a luxury), but you wasted the donation money because (once again) you procrastinated dealing with your mail.
We keep hearing the same story over and over again. Unfortunately for you the story always ends in failure. People here are trying to break your cycle, but that seems less likely every day.
April 18th, 2007 at 1:52 am
Having your accountant file a tax extension is the epitome of cluelessness. I think the form consist of a name, date, SSN and signature. Even a dancing money could do it all by himself.
Taking a week off after a beg-a-thon — another vacation? When you grow up, do you want to be just like the President?
Other than that, truly sad. “It’s probably mostly my fault…” Try “It’s absolutely entirely my fault…”
“And I’m done doing shady stuff out of ignorance.” So you are a knowledgeable weasel and a cheat? Progress, of a kind. You are really incorrigible.
April 18th, 2007 at 1:59 am
Hey Casey,
You’re the number 8 Google result for ‘CashCall’.
ASW: “Sweet”.
Indeed.
April 18th, 2007 at 3:20 am
Casey,
You do realise that the tax extension give you more time to file the FORMS, but not more time to PAY THE MONEY.
You understand that, right?
RIGHT??
SN
April 18th, 2007 at 3:24 am
ASW: squeeze. That’s a new one. Does that refer to how you’re feeling?
Just to be sure you understand— my offer to send you $10 on the UTAH payment thing was conditioned on your getting it resolved within a week. You didn’t do that, you don’t get the money. A condition is a detail.
Uh, you do realize that CashCall told you that you had to sign that extension and get it back to them by the 31st, right? Go back and listen or read your transcript, or get one of your detail guys on your team to do it for you.
Here’s to everyone else who sent you money to see the dancing monkey show: don’t you feel like a schmuck today.?
April 18th, 2007 at 3:26 am
ASW: poopyhead
I think the Ikea shelving, the PDA, etc., merely demonstrates the cargo-cult thinking Snowflake has with regard to business: if I accumulate the trappings of business, then I am in business. This will be less as effective as it was on those remote South Pacific islands. At least those islanders made it into the dictionary.
April 18th, 2007 at 3:45 am
I like the way Serin said that his little beg-a-thon was an example of how he “worked hard.”
April 18th, 2007 at 3:46 am
Hey Casey,
Don’t let thoze cashcall clownz get U down! They is really a bunch of loosers like ur always tellin us. I, for one, am 100% sure ur gonna take this new business venture to the limit! If cashcall comes around you just tell them “Watch out Mr. CashCall, here comes the successful entrepenure! They won’t no what hit them! Like ur always tellin’ us, the early bird gets the worm!
- Jack
April 18th, 2007 at 3:49 am
Blue balls…
Man Purses…
CashCall…
Now you have filed an extension on your taxes.
Casey, you are a genius…
Julian-Trailer Park Boy and Hater
April 18th, 2007 at 4:00 am
After I come back I kind of forgot about the contract. Then I get a call from CashCall a couple of days again and they want their money.
failforward sounds about right…
April 18th, 2007 at 4:04 am
I told you not to pay them and I explained all the legal and practical reasons why.
It is well known that when collecting debt creditors do things like this just to restart the statutes of limitation, squeeze anything anything they can out of you,etc. They are going to keep stringing you along and trying to get what they can before you file BK or stop paying completely. They dont have to keep a “deal” with you.
Right now you are wasting a lot of money instead of coming up with a solution. You are better off not paying anything until you: 1. can settle in full, 2. get sued or 3. file BK.
Your problem is if you get sued you will probably “lose” the papers and somehow get a default judgment against you instead of being a normal adult in the situation and filing BK to stop the suit or doing a REAL negotiation ( a Real negotiation is not getting minimum payments extended) and getting the stuff paid and suits dropped,etc.
April 18th, 2007 at 4:59 am
Good for you, Casey. You got motivated and got yourself
a much needed extension to your taxes. Be careful, the IRS
leaves no stone unturned though, so make sure you file
in time to make the next deadline. One thing is true, the IRS
never forgets. But honestly how much income did you
accrue in 2006 anyway.
Despite what others say, you do not have to pay anything
until you finish filing. Then you can file for a second extension
more than doubling the amount of time you can take to
prepare your return.
Haterz always give you the worst side of every aspect
in your story. Ignore them, do your best, and for god’s sake
monetize this blog!
April 18th, 2007 at 4:59 am
Casey,
Are you starting to realize that attention to detail and logistical knowledge are VERY IMPORTANT to be a success, either as a businessperson or as an employee?
April 18th, 2007 at 5:14 am
“It’s probably mostly my fault because I should have read that contract right away to see if there are any timeframes.”
(bangs head on floor)
April 18th, 2007 at 5:19 am
Mr. Serin!!!
:(
April 18th, 2007 at 5:21 am
“It’s probably mostly my fault because I should have read that contract right away to see if there are any timeframes.”
It’s not probably mostly your fault, it’s 100% ALL your fault. If you can’t handle the simplest of tasks, how do you ever expect to be able to handle a business?
Are you learning any valuable lessons, yet?
I’m thinking not.
Oh, and by the way, filing for an extension for taxes does not mean you get an extension on paying the IRS. Be ready for some hefty penalties and interest.
April 18th, 2007 at 5:23 am
ASW: donation
Nope. No donation for you. Bad monkey!
April 18th, 2007 at 5:33 am
PIECES OF FAILURE, by Gordon S
I sift through
this life of mine
trying to look
at everything
quite objectively,
as if these mementos
of my life,
trinkets of living,
are not mine
but some other fool’s
whose life
is so pathetic and sad
that you just want
to laugh,
and I do laugh
but I also cry
because I don’t see
what went wrong
with these dreams,
these pieces of me,
and I worry
I can never learn
from my mistakes
if I don’t know
what made them mistakes.
I worry that
this is all
I ever will be doing
never succeeding
always failing,
at best a tragic comedy,
at worst just a tragedy.
I search for the key
the clue
that eludes me,
eyes averted
from the real world
afraid that if I look up
I will make
the same mistakes,
only adding another
trinket
to sift through.
http://teenink.com/Past/9900/N.....ilure.html
April 18th, 2007 at 5:39 am
So Mr Business man, making deals signing contracts and sticking to them. You seem to have a very big problem with the fundamentals that make business work. Once you have agreed to something you do it.
Good luck with the taxes. You do realize that your inability to organize your expenses is now costing you more as it is taking more of your accountants time to sort it out.
Keeping organized and on top of things makes a business run efficiently.
What have you learned - and applied - about running a business so far?
April 18th, 2007 at 5:49 am
From your conversation with Mr. *BLIP* at CashCall:
“No. I’m sorry.. I’m sorry if I’ve confused you. It’s a two payment deferral. We’re going to take the two payments that are past due after you make the payment for $220.46. I’m sorry $220.48. The payments that are past due, we’re going to add them to the back of the loan. We’re also going to take your April payment and add that to the back of the loan. Here’s what you need to do in order to get that. Ok. You make the payment for the $220.48 which is your February payment. We will waive the late charge also. That’s a total of $60 dollars. Now in order to get that, you make the payment. We’re going to e-mail you some information. It’s a new contract. So you’re going to sign that. It’s not even a contract. It’s just a statement saying we’re going to get it from you. You’re going to sign that and fax that back to our office … by the 31st.”
See that last sentence. The one that says “YOU’RE GOING TO SIGN THAT AND FAX THAT BACK TO OUR OFFICE…BY THE 31ST”!!!!
Not only could you not be bothered to READ A CONTRACT, but you were also verbally told that the document had a deadline attached to it. You should have been eagerly awaiting that document and signed it in time to give it back to the mailman while he was still at your mailbox. Then again, you couldn’t be bothered to open your mail when you still had a remote chance of avoiding 5 foreclosures, so it shouldn’t come as much of a shock that you couldn’t handle signing a document in 48 hours.
You said once that you aren’t a “details” kind of guy, but this stuff is broad strokes. Opening mail, reading contracts, filing tax returns…these are things that a deaf dumb and blind monkey could figure out, yet they seem to escape you with regularity. YOU CANNOT SUCCESSFULLY RUN A BUSINESS WITH THIS MINDSET!
April 18th, 2007 at 5:54 am
Honestly, you are a study in incompetence.
Let’s see …
Doesn’t take advice, not even from the GRQ gurus
Gullible, being scammed several times
Slothful, can’t be bothered to get up, open mail, or do taxes
Greedy, nuff said
Prideful, not accepting of reality, “it’s all good”, “mostly my fault”, “I can’t take all the credit” and so on.
Listen Casey, when you get arrested and the public defender asks you for character references, there are a lot of haterz on this blog who will testify that they believe you to be utterly insane.
Why don’t you try to do something right before they cart you away to Club Fed? A serious effort to do your taxes would be a good thing. Of course you can’t pay the IRS, if you owe any, but at least you can complete the paperwork.
And I mean now, April, not October. You’ll be in jail by October, so that extension is irrelevant.
April 18th, 2007 at 5:55 am
Casey.
Casey.
Casey, you defrauded over two million dollars. Having had two Jamba Juices rather than twenty will not silence your critics.
April 18th, 2007 at 5:55 am
Casey said: “If anything I’m very curious to see exactly where all the money went that we borrowed. I believe most of it was used for repairs, real estate related travel and seminars. However, it would be nice to have it broken down by property. Also I can show everybody how little we spent on “frivolous” stuff, dining out, etc. That should silence the critics.”
Um - no. More than zero is too much to spend on frivolous stuff. If you had said you budgeted for something special, let’s say anniversary dinner out, by saving money each month and then limiting the dinner expense to the cash you had saved, that would be a different story. The fact that you have no idea “exactly where all the money went” (your words, not mine), says that you had no budget, no plan and no hope of success.
Do you have a current budget? Don’t you think you need one?
April 18th, 2007 at 5:56 am
CashCall are Loan Sharks.
Either settle the debt in full, or don’t pay anything and declare bankruptcy.
April 18th, 2007 at 6:08 am
Good morning! It feels great to be an early riser (again)!
Tax extension: I will most likely not owe any taxes for 2006 and I did pay make the first two quarterly tax payments, so I might even get a refund. And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal. I will just have to pay a small penalty. They’re not going to throw me in jail or anything. Come on guys. I even heard that the chances of getting audited are LESS when you extend because all the auditing “juice” has been used up for the year by the time October comes around. So it’s all good.
April 18th, 2007 at 6:08 am
Casey, you are an effing moron. Don’t you ever learn anything?
I think Casey should do like WWE Raw and shave his head live for money. Trump won but Casey will loose.
@27 Philip, where do you keep those deposits that you withhold from good tenants because it’s the trend? Does that cash get put in a folder? Sweet!
asw: leverage
April 18th, 2007 at 6:23 am
Hey Casey….notice any pattern there????
Failure to follow through, failure to open your mail, failure to exercise any self discipline….all points right back at you.
Grow up already….you idiot….
April 18th, 2007 at 6:24 am
Casey, did you know that., when you go to school, you learn to read the small print… because, sometimes, there are these crazy teachers who believe you should learn to understand what you are being asked to do before actually doing it? It’s one of those dumb things people learn to do while at college. I guess they kinda forget teaching you those things at RE school.
BTW. You spent $35K in RE education, right? I just signed in for a second Masters Degree. Cost? $18K for the whole deal. Why? Because I have a scholarship due to high grades during my first Masters, and my previous credits were re-validated. In one of the best schools in the country.
They’ll probably teach me how to read the fine print, too! Win-win!
April 18th, 2007 at 6:30 am
Casey,
Don’t owe taxes?
What about all that debt forgivness on all your foreclosured properties?
April 18th, 2007 at 6:35 am
How do you intend to do that?
April 18th, 2007 at 6:43 am
UNBELIEVABLE!!!!!!! I feel like I am watching the Truman show, and Truman is the biggest F***UP in the world!!
April 18th, 2007 at 6:44 am
“And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal. I will just have to pay a small penalty.”
Reason #524767why you will NEVER be an “entrepreneur.” Do you get it? Entrepreneur’s care about every little dime, cause it adds up. You’ve probably blown $1,000’s of dollars on stupid little lates fees and such. A real entrepreneur would cut off his own foot before allowing himself to be used like that. Do you get it?
And for what? Your tax return for 2006 isn’t, as far I see, complicated. You probably didn’t make enough income to clear your standard deduction (don’t tell me you’re itemizing). The only issue is what are the consequences of the Texas forclosure, if any, and it would take one meeting with your accountant to clear it up.
Hopeless, just hopeless.
April 18th, 2007 at 6:51 am
>WHAT DOES “CASHCALL” HAVE THAT MAKE YOU AFRAID OF THEM???
April 18th, 2007 at 6:53 am
“I even heard that the chances of getting audited are LESS when you extend because all the auditing “juice” has been used up for the year by the time October comes around.”
isn’t it about time you grow up casey, and stop thinking about the chances of things happening and start thinking about the consequences? that’s a huge step to maturity.
anyway what you heard is wrong.
April 18th, 2007 at 6:59 am
ASW: Donation
How fitting. how are you coming on making that $8,000 I was going to match?
April 18th, 2007 at 7:02 am
I believe you have no respect for the hard work of the American people.
Now, you are being facecious with comments like this. You’re pretty much like a welfare recipient mootching off the sweat of those who pay to keep America on top….and then asking for more after you do nothing to help the program.
Furthermore, you have learned nothing as an immigrant. No wonder Realists dispise you.
April 18th, 2007 at 7:09 am
The Cashcall is good news. You definitely want to be in lender ignore mode for them. They will rig their agreements so that you will be sending them money for the rest of your life, if you let them.
California has laws about what can and cannot be repossessed. If they take your sisters stuff you can sue them and might get enough to pay off some friends and family.
P.S. If you cannot keep minor paperwork like the cashcall agreement, how do you expect to follow the law with your corporation. I do believe that the corporation is going to put you in prison.
April 18th, 2007 at 7:10 am
Casey lost so much money he must be getting a refund. Penalties + interest typically amount to something close to a credit card rate of interest (13%) unless you don’t file the extension or something like that.
April 18th, 2007 at 7:22 am
Tax extension: I will most likely not owe any taxes for 2006 and I did pay make the first two quarterly tax payments, so I might even get a refund. And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal.
I take it you thus entered “$0.00″ for line 4, part II of IRS form 4868?
What then did you enter for lines 5, 6, and 7?
April 18th, 2007 at 7:22 am
I do realize it sucks when people actually require you to adhere to deadlines they give you. Sort of like how it sucks that you actually are supposed to tell the truth on your mortgage applications and money doesn’t drop from the sky like fairy dust.
April 18th, 2007 at 7:30 am
Casey,
You procrastinate? No, say it isn’t so.
You still consider your an entrepreneur and businessman, but can’t even file your taxes or sign an important contract before a deadline even though you have no job. I sure hope your week long trip was important. Probably making “sweet deals” or something else that produces no cash. Well, I hope it was worth it.
April 18th, 2007 at 7:32 am
Great! I know the folks at Cash Call really like Ikea filing cabinets. One more thing for them to seize when they turn up on your doorstep. You have told you sister in law that all of her possessions can be seized because you are under her roof, haven’t you? Sweet. It’s all good.
April 18th, 2007 at 7:33 am
Didn’t you record the conversation with CC for “educational” purposes? Why don’t you just post it online and prove they didn’t say anythign about a 48 hour turn around on the contract?
Maybe you can turn the tables on that mean, nasty corporation that is trying to take all your hard earned money. Show them who is boss Casey!
How about another Dancing Monkey Show? I’m good for $100 if you actually dress up like a monkey and dance for an hour.
But hey, what’s a hundred dollars these days?
April 18th, 2007 at 7:33 am
You just keep making the same mistakes…
As one of my posting aliases from last year said, you need “adult supervision”, but you won’t accept it.
My son went through a lot of similar issues at your age WRT not listening, laziness, poor judgement, not paying bills, etc. He had excuses and rationalizations for everything. He wouldn’t follow through and couldn’t deal with details. Fortunately, he woke up one day and now has a steady job, bought a house, etc… The hole he dug was about $5K though, and he did stop digging.
From having gone through a somewhat similar (though much less $) experience with him, I feel you’re still at least 2 years away from waking up. You haven’t hit bottom yet, and I believe this may be the year. You keep finding new enablers, though, so maybe not.
I don’t think you need to fear LE inspite of the dramatic, frothing, self-important ‘vague yet portentous’ predicitions at EN. If you do though, it will be your own doing - you’ve made yourself such a visible, arrogant target, you may have forced them to deal with you.
You do need to fear Cashcall and all the other collections that are headed your way. Seriously, does you sister-in-law know she’s at risk of her stuff being seized? Please tell her to get receipts for anything that can be carried by 2 men, or put it in storage for awhile.
I still don’t know why I keep posting here - you’re not my son, and you’re not listening to rational advice. Perhaps I had thought I could help you avoid disater with “tough love” - but it’s too late, isn’t it?
I’m going to emotionally disengage from Caseyworld and will check in once or twice a week to lurk and get more of a macro view. No more getting involved in the day to day churn and drama for me.
I won’t say good luck in parting - I believe we largely create our own luck through preparation (education e.g.) and execution (opening mail e.g.).
Later…
- $30 Is Nothing
- It’s All Good
- Endgame Observer
- Adult Supervision
- (and 10-ish others over the last 6 months)
April 18th, 2007 at 7:37 am
CASEY-
“And I’m done doing shady stuff out of ignorance. Things are gonna be as clean as possible from now on. I’m glad I got some legal advice about the corporation first.”
CASEY-
“And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal. I will just have to pay a small penalty. They’re not going to throw me in jail or anything. Come on guys. I even heard that the chances of getting audited are LESS when you extend because all the auditing “juice” has been used up for the year by the time October comes around. So it’s all good.”
Casey,
This is just one example of your hypocrisy. You really need to watch your words. In the first paragraph, you talk about being on the up and up, and not doing anymore shady things. Then in your very next comment you start rationalizing that the most that can happen if you dont report correctly to the IRS is a monetary penalty, as opposed to jail time. You also add that it is not that big a deal. Didnt you say the very same thing about doing “liar loans” - you didnt think it was a big deal because everyone was doing it? Are you saying that it is “all good” as long as it doesnt get you thrown in jail? And so you will “be as clean as possible” to the extent that jail time is not one of the penalties? i’m confused at your logic. You should either be striving to do things legitimately or not. You always seem to rationalize doing fraudulent things, like comparing lying on loans apps to speeding, and comparing IRS penalties to a traffic citation. One day, you will learn the distinction, one day!!!
April 18th, 2007 at 7:40 am
Casey,
Take it from an insider, the fact that people have reported you to the IRS for possible tax fraud, along with your own self-fueled notoriety, has the IRS return processors waiting around for your return like a pack of hungry dogs. Do you honestly think you *won’t* be audited?
Besides, they have three years to audit you from the time you file, which means you aren’t going to slip through the cracks by simply waiting until October, or 2009, or whatever.
April 18th, 2007 at 7:44 am
from the IRS website: “Please be aware that an extension of time to file your return does not grant you any extension of time to pay your tax liability.”
Sounds specific to me. Notice there’s no use of phrases such as “most likely”, “not that big of a deal”, “small penalty”.
April 18th, 2007 at 7:45 am
“My weakness in the area of logistics is getting me in trouble again.”
You should also mention that your weakness in the area of common sense isn’t helping your situation either.
April 18th, 2007 at 7:45 am
Casey,
You weren’t “dancing around like a monkey”. You were the “dancing monkey show“. I coined the term, and I’m proud of it - please use it correctly.
Thanks!
April 18th, 2007 at 7:46 am
PS. Have you bothered taking Homey’s advice?
April 18th, 2007 at 7:46 am
Casey,
#31: Chances of getting audited? Getting audited is not a problem unless you file a fraudulent tax return.
Oh, wait a minute. I forgot for a moment who I was talking to.
April 18th, 2007 at 7:47 am
Dude, declare bankruptcy– quick, before Cashcall seizes your PDA and blue ball!!
April 18th, 2007 at 7:48 am
Hey Casey,
Who cares about Cashcall ?
If you want to set up a web site to help people in foreclosure then you will. (If you really want to.)
If every bone in your body wants to set up a website to help people in foreclosure then you will set one up - however, if you are not that interested you wont.
Loads O Money
April 18th, 2007 at 7:48 am
Oh yeah, that $100 is only good if you dance for an HOUR on webcam posted so EVERYONE can see.
April 18th, 2007 at 7:49 am
Sounds great, Casey!
April 18th, 2007 at 7:49 am
ASW: juice
I will just have to pay a small penalty.
Are you going to borrow money for that too?
Casey, you can’t afford to pay any extra penalties.
They’re not going to throw me in jail or anything.
You will go to jail, but perhaps not at the hand of the IRS. So I don’t think it’s all good.
April 18th, 2007 at 7:50 am
Casey, man, all this worryin’ about 2006 receipts and cash call and all is just taking too much time away from this blog. We need you here man, filling us in on the deals and stuff. Like the corporate thingie and the sweet stock deals and, you know, your cool new ideas for making it big and all.
You shouldn’t have to deal with all that “detail” crap. Successful entrepeneurs like yourself should have an “administrative assistant” or two to open the mail, collect the receipts and screen the calls. And those pesky collection calls….don’t they know who you are? Have the secretary tell them to stop calling and bothering you. You are way too important to deal with those clerks.
Your fans are here. We love you Man! What hot stock tips do you have for us today. I’ve got money burning a hole in my pocket waiting for the next big thing.
April 18th, 2007 at 7:53 am
TYPICAL MICROCOMPUTER OWNER.
April 18th, 2007 at 7:58 am
Casey,
It’s good to know that you are so well off and have so much money to throw around that a small penalty to the IRS is “no big deal” to you. I wish I was rich like that. Like a fool, I had to work through the weekend to actually finish my taxes.
I envy you Casey. I hope someday to be so rich that I can just continually blow stuff off to take frequent trips and have no job.
April 18th, 2007 at 8:03 am
Honey, “willful neglect” and “delberate incompetance” are not the same thing as a “weakness”.
You don’t have a weakness in logistics. You have a dislike for dealing with things, so you refuse to deal with them.
That’s not a weakness. That’s a choice.
April 18th, 2007 at 8:15 am
You went on a VACATION? From WHAT?
You are such a TWIT.
April 18th, 2007 at 8:16 am
I am in for 10 cents/month
April 18th, 2007 at 8:35 am
Has everyone else failed to notice that Casey purchased furniture from IKEA?!?!?!
Um, wouldn’t it be prudent to buy from say Walmart, or better yet, a Craigslist posting?
I know when I’m stuggling to make ends meet, I opt for the most expensive option for basic needs….
ERRRRRRRRR
April 18th, 2007 at 8:45 am
And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal. I will just have to pay a small penalty.
Yes, because a big-shot entrepreneur like you has so much spare cash sloshing around that the odd penalty here and there doesn’t make any difference, right?
And you wonder why you get “haterz”!
April 18th, 2007 at 8:47 am
I have a question? I friend from Sonoma County called to ask about Short Sales vs Foreclosure. I really have never bought a house in either of these ways so I started Banks and Mortgage Company’s Short Sale and Foreclosure Departments to get accurate information.
Basically I concluded that IF someone is upside down with their house they should just do a Foreclosure. And do it by calling their Lender and get it going to assign the house back. I was told by two Lenders that the hit to their credit report isn’t as bad.
The Short Sale way sounds like a long drawn out BS process. This information was given to me by B of A, WaMU,
Countrywide, and World Savings (who was basically hostile).
Casey, now that you have gone through this all; IF you had one house and good credit otherwise to save would you just assign the house back to the Mortgage Co.?
April 18th, 2007 at 8:52 am
Note to all IAFF newcomers, particularly those who say it’s too negative around here - and especially to those people who showed up after watching the Ormon or Nightline pieces:
THIS IS WHY IT’S SO NEGATIVE HERE.
CASEY’S A FRIGGIN’ MORON.
Mr. Blip told him very clearly that he needed to have this contract signed and faxed back by the 31st. 48 hours. Casey responded with, “Okay.” Casey then posted the MP3 of the RECORDED CONVERSATION online, along with a WRITTEN TRANSCRIPT - both of which clearly say that he needed to have it signed and faxed back by the 31st.
But true to form, Casey grinned, nodded, said whatever it took to get the hassle off his back for the moment, and it went in one ear and out the other - while getting a nice echo chamber effect as it went through. Meanwhile, it’s “probably mostly his fault”.
No, Casey. It’s very definitely ALL your fault. Once again, your inability to maintain an attention span exceeding that of the average housefly has queered another business agreement. What’s that now, about eight? Nine? Somewhere around there?
My favorite part is how, at the beginning of that Cashcall “negotiation”, he asked Mr. Blip if he could record the call. Let’s take a moment now and revisit what exactly was said:
Of course, we all knew the truth - that the real reason Casey wanted to tape was so that he could post it on his blog. But Cashcall wouldn’t have liked that. So he told them that he wanted to tape so that “if we agree on something, then I have it ready to go”.
And then, as soon as the call was over and the payment was in, he went on VACATION and “kind of forgot”. He didn’t hold up his end, Cashcall cancelled the deal, and now it’s “probably mostly his fault”. While he shops at IKEA.
Friends and neighbors, this crap has been going on for over six months. Go back and read. It’s been like this from the start, and every few weeks he gets a new media experience and a fresh crowd of IAFF newbies who think he’s just an innocent kid who made a mistake and is struggling to make good (i.e., who buy into his fantasies). They eventually see him for what he is, and then we get another crowd. And so on, until he stops getting media moneyshots. The harshest haters are just the original supporters, now with more experience.
There’s a real reason why Casey gets so much criticism, and why he’s talking about steriling the comments. You just saw it.
He wants to stop looking stupid, because he can’t stop being stupid.
April 18th, 2007 at 8:53 am
…and now feel burned. YOU PULLED A CASEY. It was so plain obvious that any cent spent on this dude would be a total waste. You did it anyway. You are in no way better than Casey. the fact that you are now disappointed at him is yet more proof that you have more in common with this dude than you would ever be willing to admit. BLAME YOURSELVES, for chrissake! YOU didn’t see this coming. It is YOU who (impulsively) gave money to this bottomless pit even though he has failure written all over.
I could not believe my eyes when I saw how much all of you were willing to waste on him, but that’s what you’re gonna get. I have no financial reason to be angry (unlike you) at Casey. I am, however, friggin angry at all of you for delaying this trainwreck-to-come yet another couple of months and helping young Casey evade justice even longer. Now THAT’S something to be angry about.
ASW: looser (aaargh I am so sick and tired of the wrong spelling. Same goes for it’s versus its. The rules are so simple, people! Not knowing or caring about those rules just reveals what simpletons YOU people are. And I am not talking about typos.)
April 18th, 2007 at 8:56 am
Tax extension… so what estimated tax payment did you send in? Extensions only provide additional time to FILE - not additional time to PAY.
April 18th, 2007 at 9:01 am
“….I did get the contract but I delayed sending it because we went out of town that Sunday for a week. After I come back I kind of forgot about the contract. …”
Typical Casey (as already pointed out).
And yet further evidence that you will never get
your act together.
“… They check the notes and they said the deal is off since I never returned the paperwork. I explained the situation but they were unwilling to honor the original deal….”
Yes, everyone else should adapt to Casey’s way of
life, and bend-over-backwards to accomodate Casey’s
iresponsibility.
Since you did not even return the contract as you agreed to, why should they listen to you now?
asw: “investor”
(which you most certainly are not.)
April 18th, 2007 at 9:05 am
“…So everybody who donated, please don’t be upset….”
Anyone who gives money to Casey is a bigger moe-ron
than Casey.
If that is even possible
asw: “cashflow”
as in, “negative cashflow”
April 18th, 2007 at 9:12 am
“…That $4,000 I pulled out is not my own. It belongs to the corporation. …”
And just where did this particular $4,000.00 come
from?
Be sure the latest explanation agrees with previous
explanations.
By the way, borrowed money does not “belong”
to the corporation, either
April 18th, 2007 at 9:15 am
“…I even heard that the chances of getting audited are LESS when you extend because all the auditing “juice” has been used up for the year by the time October comes around. So it’s all good. …”
You heard wrong
April 18th, 2007 at 9:18 am
I’m only mildly POed that you had money in a corporate account, since you haven’t divulged details of that “sweet deal” I’ll continue to give you the benefit of the doubt, although I don’t hold much hope for its success. What does upset me is that you messed up again in regard to the cashcall contract. Don’t blame them, it’s your fault.
You can’t keep putting stuff off, you can’t ignore missing payments, put off dealing with contracts, delay opening mail, etc etc etc. If you don’t do a little bit of the basics you’ll never be a success. Wake up early EVERY morning so you can deal with the routine tasks of life that every one of us has to do.
Why would anyone want to do business with you when you continue to show that you’re irresponsible. You claim to be an idea man, not a detail man. That’s a load of crap. Idea men need to have good ideas, you don’t. Idea men work hard, they don’t just sit in an ivory tower and let the little people do the hard stuff. Idea men have original ideas, they don’t just parrot what they heard in some seminar.
If you think being an idea man is easy try working in the tech industry (no, web design doesn’t cut it). If you come up with a good idea you don’t just stop and wait for the $$$ to role in. You work your a** off getting funding, building and running a company, managing the development of your new product, and so on. If an “idea man” is lucky he may get some return on all his hard work several years down the line.
Yeah, I donated money in your begathon. I figured it may help you and if it didn’t it was worth it for the entertainment value I get from your blog. I’m not ashamed, but you should be.
I’ve officially switched to a hater. ASW — “looser”, very appropriate.
April 18th, 2007 at 9:19 am
Casey, why are you starting with the early riser nonsense again. It isn’t when you wake up but what you accomplish in the time that you are awake.
April 18th, 2007 at 9:21 am
Wow, where to start…
> Bought some extra filing cabinets and storage supplies
> from our local West Sacramento IKEA
> Also I can show everybody how little we spent
> on “frivolous” stuff,
Here’s a tip, go to Kinkos and get the empty paper boxes. They are the perfect size for filing, they protect the contents, they stack nicely and they’re FREE. In the position you’re in, why spend extra money you don’t need to?
> After I come back I kind of forgot about the contract
What a surprise!
> I explained the situation but they were unwilling to
> honor the original deal.
Ah, CashCall was willing to honor the original deal. You simply “forgot” about your part of it. This is not rocket science
> My weakness in the area of logistics is getting me
> in trouble again.
Logistics isn’t your weakness. Lazy is your weakness.
April 18th, 2007 at 9:24 am
I don’t believe the IRS will throw poor Casey in jail for the relatively small amounts he may or may not owe. The IRS will just raid Casey’s checking account at random intervals until it’s all paid off. The pattern of ignoring taxes until one feels “up to it” is so very similar to some of my family members who also went chasing the guru’s magic beans it is freaky.
Maybe we can pin down a personality weakness that leads to this, lets see:
1) Inattentive to details (this is a BIG one for you Casey)
2) Ability to suspend disbelief
3) Desperate need to be something one is not
4) inabiltiy to see the “big picture” or see how actions have repercussions that affect others
5) unwillingness to listen to advice that differs from preconceived ideas
6) Lack of critical analysis
Seriosly though Casey. Filing taxes is not a small detail, many businesses have gone under for failure to pay taxes. Signing contracts on time AS PROMISED (like Cashcall) is not a small detail. Making sure the properties you purchased were actually worth al least what you paid are not small details. Need I go on? Successful businessmen do not forget to sign contracts and the don’t sign contracts without understanding them. You will not be a success at any business unless you start paying attention to all the details, both large and small.
Putting all this aside my biggest concern for you is that you have let your addiction to this blog take over your life. Your blogging instead of filing taxes, your blogging instead of taking care of your debt, your blogging instead of fixing houses when you had them, etc. Seriously Casey, you really need to put aside this blog and put your house in order. Then come back and share with us how you cleaned up everything.
April 18th, 2007 at 9:29 am
Just wanted to let you know life is “SWEET” here in London! I might flip my own house!!
SN
House prices show biggest monthly rise in five years
By Jane Padgham
316 words
04/16/2007
The Independent
4TH
English
(c) 2007 Independent & Media PLC
HOME
Britain’s housing market continues to defy gravity, with prices in the past month posting their biggest increase for five years.
The website Rightmove said the average asking price of a UK home rose by 3.6 per cent – or £8,307 – in the four weeks to 7 April, the biggest one-month increase since April 2002. The year-on-year rate of increase rose to 15 per cent, the highest for nearly four years. The average asking price was £236,490.
…
London asking prices saw gains of 3.7 per cent in March, the equivalent of £13,000 on a typical property. That took the average to £379,846, up 25 per cent on a year earlier. Rightmove said most homes there were sold just 65 days after the For Sale sign went up.
The survey adds to evidence the housing market is still roaring ahead, despite three interest rate increases since August. A report from Halifax last week said 70 per cent of towns were unaffordable for key public sector workers, and 99 per cent were out of the reach of a typical nurse.
April 18th, 2007 at 9:30 am
Casey,
Honestly I don’t understand what you are doing or trying to do about your financial situation. As far as I can tell you still have a net negative cashflow on a monthly basis. In other words the amounts you owe on your debts keep piling up with more interest.
To have any chance of paying back all your debts you must first have a net positive cashflow on a monthly basis. By your own calculations in your spreadsheet you would have to earn an extra 16k in income per month to do that.
So my question to you is, if you don’t want to declare bankruptcy, how are you going to make an extra 16k per month?
April 18th, 2007 at 9:30 am
what happened to Casey? Where did he go? Whoever is handling the most recent few posts is even less on the ball (no pun intended, serniously) than Casey himself.
When I first started reading this blog, last fall, I thought for sure it was fake. Then I changed my mind, decided that Casey here was just sorta slow. Well, more than sorta.
Now, however, I must wonder if even Casey is this slow. Don’t folks get smarter with experience? Not this kid.
C’mon Casey - its not ‘mostly’ your fault on the CashCall thing. How could you say its anything less than 100% your fault?
Even the REAL Casey (like I said, sorta slow) would understand that.
I’m no hater, but geeeeze.
April 18th, 2007 at 9:30 am
Keep up the great work Casey!
Man a corporate team to help while being in this position; how do you do it? Team Casey scores again. I think its time for a nice new company car that Jetta is hurting.
April 18th, 2007 at 9:38 am
Hey Casey,
Your blog is getting really boring. You will never learn.
Take care,
Roberto & Kimberlita
April 18th, 2007 at 9:44 am
Casey,
April 17th was my birthday. It was an amazing birthday present to see you screw up yet again! It wasn’t your fault that the cash call thing didn’t work out?! You DON’T owe taxes? You MAY get a refund? Get a life man!
Yeah and I know you won’t post this, let’s see if you prove me wrong.
April 18th, 2007 at 9:46 am
As clean as possible?
So if you can’t do it cleanly, dirty is ok?
Explain.
April 18th, 2007 at 10:08 am
This message is for all of us posters self included. Stop feeding Casey’s ego. Stop commenting with comments that feed this retard of a blog. This whole blog reminds of an email that someone sends out to 5k people with out using the BCC field and then the 5k people replying back with don’t send me crap email, take me off the list and then another response from everyone saying stop replying to all followed by more stop replying to all messages for the duration of this blog. I use to watch this blog daily but realize the only way to help our friend Casey here is to simply ignore him. Stop driving 1 mile on the highway to look at Casey and blow on past with your own life.
At any rate there are tons of other useful web blogs out there that are entertaing and helpful that does not cause anger flares by the Blog owners lack of COMMON cents!
To all you haters keep on hating thats what is driving this casey madness all you folks looking for help, I suggest looking elseware unless you want help on how to not have common cents.
Signed,
I hate rubberneckers.
signing off……..
April 18th, 2007 at 10:13 am
Casey, Casey, Casey….
Don’t mess with the IRS…they WILL freeze or take your money out of your accounts…i know people it’s happened to…..it’s not pretty.
how about some updates your loyal haterz and newbies alike want to know about:
1. did you sell your blue ball and how much did you get and do you miss it if you sold it?
2. You say you’re an “early riser”….does this mean you or your wood? If you DID get up early…..what time and what did you do with this extra time? what time do you fall asleep? I mean if you go to bed early…ealrly rising is not a net win…
3. the haterz REALLY want to know….did you buy the gold stock? and if so did you sell and if so what was the profit?
4. Any bites on advertising on your site? Couldn;t you just hook up with an ad server and get even more SWEET money? Think of all the ads for viagra and car insurance that could be plastered on your site…OR even better….a mortgage company ad….it would be especially cool if it was a company who held one of your foreclosed loans! they took your house back..BUT you are making money off the sites advertising them!
5. have you highlited your hair lately? I am sure all the ladies who think you are cute will want to know….
6. How’s the modified vegan gig working?
7. How’s the V dub holding up?
THESE are important questions that your public wants to know…
p.s. ……anymore news or television interviews we should keep our eyes open for?
I gotta keep the ASW at: azz hats
keep up the good work!!!!!
April 18th, 2007 at 10:13 am
whhha…late filing and less chance of audit…cmon get real Casey ..even writing that on a public forum is bound to get you audited , and dont come begging for any more money ..i think youve pissed and used up people enough
April 18th, 2007 at 10:17 am
Wow, I work full time *barely* got to own my own little home, and I never get to go buy shelves from IKEA. We have the crappy shelves in the garage that came with the home. Yep, we bought it on discount from a flipper who’s money ran short.
So I don’t know, part of me wants to be a hater. I play the game fair, don’t lie on mortgage applications, pay my taxes on time, and still I can’t afford to go to Jamba Juice for breakfast, Chipotle for lunch, and then have a sensible Macaroni grill dinner.
But I’ll try not to be a player-hater. You played the game, and you know (hopefully) the consequences of your game. You can get rich, and always be looking over your back for Cash Call to break your knees because *oops* you didn’t sign a binding payment agreement, you could stay poor and just look rich with your vacations and high end cell phone equipment, or maybe you’ll just go to jail for wire fraud (that’s what it is when you make fradulent statements on your mortgage applications).
I guess what’s done is done. But please, please tell us what you have actually learned from all this? In your writings it hasn’t become clear what you learned from this, and what lessons you are going to take forward on your next business quest. And yes, it is fine if you do go on another business quest someday, as long as you actually do the details next go around. Please tell me that all of this isn’t just for entertainment’s sake? Even though it is damn entertaining.
April 18th, 2007 at 10:21 am
I tried to use the tip jar but it won’t let me put in -$15000.00. Why won’t this work?
Someone please explain to me why I can not put a negative money in the tip jar.
April 18th, 2007 at 10:22 am
Casey, will you just stop using the phrase “It’s all good”?! You’ve dug yourself into debt, can’t get out, and don’t even seem like it’s important to you to try and rectify it. “It’s all good”? NO! There’s no good! No good here! Nothing is good! IT’S ALL BAD!
You need to come to terms with the situation. You have to come up with a large sum of money, more than I will make in the next 10 years, and pay that money to lots of people… JUST TO BE BACK AT ZERO.
It’s earth-shattering to me. If I found a paper bag on the street filled with a couple hundred thousand dollars, I’d be set for years. You? That money would hardly scratch the tip. Well… that’s assuming you used it to pay down your debt. You’d probably use it to try and catapult yourself out of this mess and end up owning geodesic dome-homes that won’t sell.
Just do a BK already. You tell us “I don’t want to just ‘give up’ by declaring BK, I want to pay back every dirty penny.” Well, what you say and what you do continue to differ. You can proclaim your plan to pay everything back over and over, but the fact remains you had a bit of an out with CashCall and decided to neglect it to go out of town.
Speaking of which… GOING OUT OF TOWN?! Casey, people that are millions in debt DO NOT go out of town! They stay home, because traveling costs money and all of yours needs to go to people you owe! I don’t care what ‘business venture’ you’ll probably say you had to take care of, this is 2007 and there’s a myriad of ways to communicate with people without traveling. Telephones, videoconferencing, e-mail, fax machines, FedEx, telegrams, holograms, yelling… the list goes on and on.
Y’know how they say someone can have all the book-smart knowledge in the world and it won’t mean a thing without hard work? Well, it goes both ways. You don’t seem TOTALLY hindered by work ethic, but you seem to maybe lack a certain cognitive ability that is equally important. I’m terribly sorry to put a ‘personal attack’ spin on this, but c’mon! You’re millions in debt, and you blow the possibility of a forebearance by FORGETTING something? This should be the forefront of your priorities! Going out of town is not as important, Casey.
Sorry for the long-winded post, but man… I don’t know if you realize the scope of your situation. I’d love to see you right the wrong and get out of this jam. In fact, it’d be awesome to have the cap to this story be you paying everything off and actually accruing wealth. But the way you are going about this, you will NEVER, repeat, NEVER be rid of this debt. To quote Mr. Chappelle: “You’re f#%*in’ done, son!”
April 18th, 2007 at 10:23 am
ASW:letsdoit
not with you no way!!! might catch somethin like responsiblity avoidance or cashcallidits
April 18th, 2007 at 10:25 am
ASW: manbag: with the right words you can justify ANYTHING and it’s all good schweet!
April 18th, 2007 at 10:29 am
Just some advice, because from your lackadaisical attitude about paying taxes, I get the feeling you’ve never filed before or only had W-2 jobs. If you got paid from your last job as a contractor (1099) you owe roughly 15% of that money to the IRS as self-employment tax. That is not affected by your standard deduction. Thus even if you only made $6000 for two months of work and made nothing the rest of the year, you owe them about $900. You were paid by Duane, Savvy Chris, and local rich dad. Unless you deduct all of that as operating costs for your business, you owe a portion of that as well. I assume Dallas hard money guy didn’t 1099 you, but next year you’re going to have a lot of 1099 money.
You need to realize that you aren’t just giving the finger to the haterz, you’re also doing it to your lenders, law enforcement, and now the IRS. The lenders know they will also look bad if they pursue you, and your activities are spread out enough that law enforcement isn’t that interested. But the IRS has nothing to lose by putting the screws to you, particularly considering your fraudulent activities. Much bigger and better men have fallen to the IRS, and with them being a small fry won’t save you either. I bet today’s post alone probably got 100 people to drop the dime on you. I know at least 100 people already have done so before today. I say your odds of an audit for this year and next are extremely high.
You are either crazy or monumentally stupid.
April 18th, 2007 at 10:37 am
Wow, who would’ve thought the CashCall deal would fall apart? Oh, yeah, all of us did.
Your charm goes nowhere with them, and it’s also “sweet” justice that you now know what it’s like to be on the receiving end of people who don’t honor their word and are just using you.
The “it’s all good” part of this is that it’s the part of life beating you up education you’ll need to become successful later. At some point, you may realize that success takes hard work, and oftentimes boring, menial drudgery work. Lots of careful planning and re-planning too. The payoff, though, is SWEET!
Good luck getting there.
April 18th, 2007 at 10:39 am
CASEY IS NOT A REAL MAN BECAUSE HE’S AFRAID OF “CASHCALL” AND JOIN THE ARMY.
SISSY
April 18th, 2007 at 10:43 am
Oh, and I wouldn’t worry about the taxes too much either, with all the money you “loosed” last year. Just make sure to file the return so you don’t have problems later with either (a) filing bankruptcy or (b) having a tax problem when/if you do start making money.
Btw, if you do start making real money someday, you seem to have a problem keeping it, so you may want to get a self-help guru book on living frugally and within a budget. If you want to save the $17.49 on a book, here’s the key: spend less than you earn.
April 18th, 2007 at 10:44 am
Auditing Juice? Bwhahaha
Casey, The IRS is not a server at Jamba Juice. They don’t run out of audit capability. People can get audited up to 7 years from the time of filing.
In fact most audits occur about 2-3 years later and they come back and say you owe us 2-3 years of interest and late fees now.
April 18th, 2007 at 10:47 am
Hey Casey, I wuz just wondering why my comment I sent this morning hasn’t shown up? Since I am rilly one of ur biggest admierers i thought u might get it up there. I’m not a hater!
Anyway, I just wanted to tell you again that those stupid haterz can just go and jump in the lake! They’ve never had the guts or vision to do half of what you’ve accomplished, let them stew in their phony W-2 jobz - ur gonna be miles and miles ahead of them when they finally wake up! Live the dream, Casey, we’re 1000% behind you!
- Jack
April 18th, 2007 at 10:50 am
Casey, my man -
The world is very different now. For Jimmy Jack holds - in his mortal hands - the power to abolish all forms of human poverty and all forms of human life! And yet, the same revolutionary beliefs for which Jimmy Jack’s forebears fought are still at issue around the globe - the belief that the rights of man come not from the generosity of the state, but from the hand of God.
AND from the looks of it, Jimmy Jack’s sources generally agree - the Subway diet *is* effective! Although the weight loss is just a predictable result of eating fewer calories and has little to do with the actual food consumed.
But you *do* lose weight, Casey. This Jimmy Jack promises you.
However, we dare not forget today that we - you, everyone, Jimmy Jack, but especially Jimmy Jack - are the heirs of that first revolution, as well as the proud caretaker of that foot-long tuna sub on honey oat that we call financial freedom. With extra black olives, because Jimmy Jack likes his black olives. So let the word go forth from this time and place, to friend and foe alike, that the torch has been passed to a new generation of Americans. Born in this century. Tempered by war. Disciplined by a hard and bitter peace and proud of Jimmy Jack’s ancient heritage. Unwilling to witness or permit the slow undoing of those human rights to which this nation has always been committed, and to which Jimmy Jack is committed today at home and around the world.
Jimmy Jack dare not tempt them with weakness! For only when our arms are sufficient beyond doubt can we be certain beyond doubt that they will never be employed.
That just how it be - the Jimmy Jack way. And I hope your haters appreciate that. Cause it ain’t changing. Amen.
April 18th, 2007 at 10:52 am
Here’s what Casey scare of.
#1 “Cashcall”
#2 join the army
#3 join the marine
#4 join the air force
#5 haters
#6 Mickey mouse
Sweet~~~
April 18th, 2007 at 10:55 am
“I will most likely not owe any taxes for 2006″
I am curious. How could you NOT know at this stage?
“And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal. I will just have to pay a small penalty.”
Casey, who gives you this information? The tax law offices of Larry, Moe and Curly?
“I even heard that the chances of getting audited are LESS when you extend because all the auditing “juice” has been used up for the year by the time October comes around. So it’s all good.”
Once again, RUBBISH. Audits have nothing to do with the timeframes of when a return was filed. Audits occur months if not years after returns. To give you an example, I received a paper audit last year for the return I filed in 2004. Two years later. The IRS has specialized software designed to scan returns in the database and ‘flag’ potential tax filers based on predetermined variables. You think just because you might have filed and heard nothing immediately that the IRS has pleasantly filed your taxes away with smiles? My God, you are naive.
Audits very rarely occur for tax filers until much later after their filing. The natural reason for this? The IRS has hundreds of millions of returns to process and it takes time, even with modern technology. But bear in mind, the statute of limitations for contesting a filed return is three years. So my little snowflake, don’t assume for one second that everything is ’sweet’ just because a return was filed or even accepted. The IRS has all the patience in the world.
Back your Cashcall situation, all I can say is this: you are a completele, unadulterated, moronic, dimwitted, infantile, lazy, incompetent, naive, imbecile. You want to call me a ‘hater’? Feel free. Because now, not only have you squandered the generosity of those who donated money to your cause due to your complete stupidity, you have placed those around you at risk. How exactly do you think Cashcall functions? Let me give you a hint. When your case is moved from collections to legal, they can gain an injunction to repossess. Ever seen what that looks like? Oh, how your sister-in-law will be thrilled when Guido, Vinny and Sally-boy come a’ calling and with the help of the local sherriff and a warrant in hand, begin walking through your sister-in-law’s home and confiscating mercandise.
Nice going Casey. Just great. Guess you will chalk this one up to ‘failing forward’. But I have to agree with you in that regard. You really DO fail forward. But in my time, we used to call that a ‘face plant’.
ASW: ‘winwin’
April 18th, 2007 at 10:55 am
http://www.youtube.com/watch?v=HjNJ8XyFCfo
That’s funny, they wasted $2,000,000.00 too!
April 18th, 2007 at 11:00 am
If you can document, IE listing agreements, by-owner, pictures, etc that you had these properties “for rent”, you can use depreciation on them.
I for one do not believe you will owe taxes for LAST YEAR.
This year is another story, and you’ll be in Tel Aviv by next April 15th.
April 18th, 2007 at 11:17 am
Casey,
What the Hell are you going to do about the haterz? You posted that thread yesterday for what; did you come to a conclusion? Are you going to take action? Did you decide that the haterz where good for your site? Did you decide on anything or did a new shiny abject catch your gaze and send you chasing something else?
Keep living the dream
-Roger
April 18th, 2007 at 11:20 am
Casey, you have now been up nearly 6 hours. Good for you!
Help us celebrate your sweet success by informing us what you have been up to.
If you give me a breakdown, every 15 minutes what you did today (6am to Noon), I’ll send you money for a Jamba Juice and Wheat Shot.
Now THAT is a SWEET deal!
April 18th, 2007 at 11:33 am
From last October 14th:
“Our taxes are going to be crazy this year. We are trying to be proactive now to avoid doing all this next April.”
Hey, you kept a promise! You avoided doing taxes in April! Congrats!
April 18th, 2007 at 11:40 am
>even if I DO owe taxes, filing an extension without paying anything is not that big of a deal.
April 18th, 2007 at 11:51 am
How much did you spend on IKEA cabinets?
April 18th, 2007 at 11:52 am
General question: Would Casey owe money on debt forgiven in 2006 (if any)?
April 18th, 2007 at 11:55 am
You need to file BK and start over with a clean slate.
http://www.icantsellmyhouse.blogspot.com/
April 18th, 2007 at 12:07 pm
LOL
please don’t say “s’all good.” when the IRA comes knocking. oh god.
April 18th, 2007 at 12:14 pm
Hi Casey…I saw you on Suze Orman and decided to check out the site. Why are people saying your going to jail? Aside from doing a stated income loan (which is legal) what did you do illegal. Again, this is my first time here so I don’t know the whole story. Thanks.
April 18th, 2007 at 12:14 pm
You are misinformed about the odds of being audited. They have three years to start an audit. They will generally decide based on the number of “red flags” raised when the return is analyzed. At a high level it’s done by computer, then an examiner makes the final decision on whether it’s really worth an audit.
The big red flags vary from year to year. Here’s this year’s dirty dozen list: http://www.irs.gov/newsroom/ar.....83,00.html
Here’s last year’s: http://www.irs.gov/newsroom/ar.....93,00.html
Keep in mind that while they can only open an audit within three years, but once it’s opened, they can follow any questionable activity back for seven years.
-btc
April 18th, 2007 at 12:16 pm
On another note, don’t you realize how stupid you make yourself look? You need to beg for money to pay off a debt, but you’re still able to go away for a week to deal with god knows what latest scheme, and can’t be bothered to read your mail?
Then you wonder why nobody wants anything to do with you?
-btc
April 18th, 2007 at 12:25 pm
Casey, the moderation has to get better if you want this thing to stay up. Even if this is a resource to help people, moderation can not be this slow! Don’t lose your audience over something so dumb. We all know that there is some guy our there right now f’ing up his life to the tune of $3 million that can take your place. Just a helpful reminder to keep it “fresh” (ASW)!!
April 18th, 2007 at 12:39 pm
Casey,
You need to get a job if for no other reason than it teaches you responsibility. You live your life like it’s an extended weekend. Sleeping in, trips to Utah, shopping, opening some mail, a few meetings - this is not adult behavior. Adults know the terms of the contracts and agreements they make. They pay on time.
You’re not an adult. You’re a 12 year old who stumbled into a LOT of credit.
April 18th, 2007 at 12:51 pm
I am so offended by your last comment, Casey, that I am going to call the IRS and make sure that they save some juice for you. Don’t even THINK of ripping off the IRS this year.
April 18th, 2007 at 1:00 pm
“After I come [sic] back I kind of forgot about the contract.”
Every time Casey begins to describe anything involving his business activities, I know that there will be one sentence that brings a smile to my face. One of these days he’s going to do something and not mess up. Or mess up and just you kinda sorta like you know maybe say that it was sort of kind of like maybe you know… totally his fault!
I don’t hate Casey. I love that I’m not him, and not like him.
April 18th, 2007 at 1:05 pm
I have been watching your site for quite awhile and frightfully enough, saw some of your thoughts and actions reflect mine. Not the foreclosure issues but your thought processes. I have recently been diagnosed with ADD and it has made so much clear for me.
With me it caused depression from not living up to my potential and not understanding why I didn’t follow through with the things I planned. I have had tons of ideas and bounced around from idea to idea. Sound like anyone?
I like new ideas and things but quickly lose interest and don’t follow through. I have ideas for products, books, movies, etc. but have not made any of it come together.
I procrastinate like no other until my back is up against the wall. I am in sales and vibrantly go through the “feast and famine” cycle.
Please check out ADD and see if it fits you. If it does you may get help too.
April 18th, 2007 at 1:24 pm
Who here would like to see Dr. Phil rip Casey a new one?
*raises BOTH hands*
:)
April 18th, 2007 at 1:26 pm
Tell them they never told you about the time limit and you have proof: You recorded the call.
They’ll say you should’ve read the documents (true) but say that since you were never alerted to the time limit you had no way of knowing to check it so fast.
If they don’t go for it, get a lawyer to write them a letter. Surely there’s some lawyer here or in your magical contacts who will write one for you pro bono.
April 18th, 2007 at 1:27 pm
Oh, whoops, Milton’s Ghost says you were told. Then you ignored it.
Sounds great, Casey!
April 18th, 2007 at 1:39 pm
I think it’s good that you got the extension filed in time.
Remember that you shouldn’t wait too long to file.
Starting the taxes no later than September should help.
Also, you might want to send extra cash to the IRS.
Lots of your readers think IRS claims survive bankruptcy,
While money sent to CashCall doesn’t necessarily.
Also, that loan is unsecured. If you end up staying at the
YMCA while the financial mess blows over, what can they do?
Sucking blood from a turnip just doesn’t work, I’ve heard.
Going on to your new developments, is there more Real
Estate buying/selling in your future, or will you focus on the
Trading Opportunities you seem to have found?
Some of the richest guys I know are equity traders!
Perhaps, in all seriousness, your Governator
Arnold would be willing to have you do PSAs to say:
I committed loan fraud, and it was both wrong and illegal.
Don’t make the same mistake I did!
That about sums up my questions for today.
Here’s hoping your new developments come to light soon;
Everybody here seems to think that you deserve ridicule, but
I suspect you may yet have some surprises up your sleeves.
Remember, Quitters Never Win and Winners Never Quit!
Sincerely,
Robert
April 18th, 2007 at 2:24 pm
Big question Casey: On your wrap-around mortgage, who gets to deduct the interest paid on that house? If you’ve declared that house on a loan that’s owner occupied on the loan docs, are you declaring a deduction on your taxes? Or are the Utah buyers? How does this work?
Can someone on this forum please tell me how that works? If Casey gets the 1098 (I think it’s a 1098) form from the lender and then uses that on his taxes, he’s cheating the IRS and getting a deduction for interest he never paid.
Someone explain to me how this works.
April 18th, 2007 at 2:28 pm
Wait a minute, you procrastinated? CAsey, I find that hard to believe that you would put anything important off, ignore important stuff, or forget about a deadline.
I’m impressed you can spell procrastinate though.
April 18th, 2007 at 2:35 pm
Man… there are 180 comments waiting moderation… it’s getting crazy around here again and I don’t have anybody helping me moderate anymore (Nigel used to help for a couple of weeks). I also want to move to real-time commenting somehow and don’t want to deal with recruiting other people to help me unless I have to.
So here is my plan. Register yourself using link below and I will let you speak freely without moderation. However, I will trust that you keep it somewhat reasonable. If you get too vulgar or cross the line I will warn you and if you persist I will disable your account.
Register here for instant comments.
It’s a quick process. Just requires an email address and your password will be emailed to you.
Once I have enough people in the system I will enable instant commenting for everybody who registered. I will need at least 10 people so that we can actually have a conversation going. Otherwise it will be just one person waiting on everybody else. So lets give this a shot. Go ahead and register using the link above and I will enable the feature hopefully tomorrow if there is demand.
Everybody else will still be able to post without registering but you will have to wait for moderation. As you can see sometimes things get backed up for several hours.
Lots of good things are brewing by the way… stay tuned.
April 18th, 2007 at 2:49 pm
Mr. Serin!!!
You are now #2 in Google for shady loan!
Congrats!
April 18th, 2007 at 3:10 pm
So I couldn’t resist. I am now a registered user.
Seriously Casey can you advise us on what system you are creating to track things? If you think your skills are bad my are 100% worse. I am trying to get it together, but its so much I don’t know where to start…
So share the love brother!
April 18th, 2007 at 3:16 pm
Woo hoo! Registered user account!
April 18th, 2007 at 3:19 pm
Testing new Benoit™ username. Thanks :-]
April 18th, 2007 at 3:20 pm
Casey, I think this might be the best idea you have had in a very long time. I think it would be easier to ban an abuser than moderate all the time.
April 18th, 2007 at 3:23 pm
Oh man, no more ASWs if you register, sweeet.
April 18th, 2007 at 3:27 pm
Casey, Please don’t refer to your night “dancing like a monkey” as hard work anymore. You will look back on it in anger when performing real hard work in the prison yard.
April 18th, 2007 at 3:43 pm
Youve said good things have been brewing for weeks, but umm, all I have seen is a tax extension, forgetting cashcall, and still 600K in debt
April 18th, 2007 at 4:07 pm
Casey - the comment moderation thing is a really good idea.
April 18th, 2007 at 4:07 pm
I registered today…hope this works.
Wondering what kind of investments you’re planning for your corp…
April 18th, 2007 at 4:15 pm
Let the comments go Casey, there is no need to spend so much time moderating.
April 18th, 2007 at 4:16 pm
Man… there are 180 comments waiting moderation…
Honest question: why do you find moderating comments so irksome, and why do you do it so infrequently? Everyone else is able to keep up with the comments here and elsewhere.
Nigel didn’t seem to find it a problem: Having moderated the comments myself, I’m not really sure why Casey struggles with this.
So why is it so hard for you to keep up with the moderation queue? I’m sure the alternating droughts and floods of comments ultimately hurt your blog. It certainly leads to an awful lot of repetition.
April 18th, 2007 at 4:26 pm
Casey, Ikea was not a good idea.
Remember what I said about the definition of “value” and some people said I had it wrong? Well, I have to disagree with them because in my mind when you buy something you have to think how much money that thing will immediately give back. That’s value to me (or perhaps the definition of an asset).
That’s why I’d buy a foreclosed house that cash flows rather than a new car because the house can make the payments for that new car. So I’d buy the house before the car.
So again my simple definition is: money received (i.e. income) / money invested = % return
This is how you have to start thinking on every dollar you spend - because even every dollar itself has the power to earn just by sticking it in a savings account or some other vehicle.
How much is the fancy Ikea stuff going to give back to you in dollars? The answer is nada, of course. All you really need is one, 8×11 envelope for each property. You don’t need Ikea for this. You could put all the envelopes on a bookshelf for example and save the cash for something else that does give you money back when you buy it.
The same goes for anything else you spend your money on. And I think that’s why people are so critical about jamba juice, manbags, and mac grill.
Does this make sense?
April 18th, 2007 at 4:41 pm
Wow… I took a nap, came back and there are over 40 users in the system!
I’m going to work on turning on the ability for registered users to comment without moderation while unregistered people go to the regular moderation que.
WordPress software doesn’t let me do that by default - it’s either all or nothing, can’t split. So I’m going to check to see if there is such a plugin out there or worst case I will have to roll up my sleeves and hack the code a little.
In the meantime I am going to release everybody’s comments from moderation soon, thanks for the patience guys.
April 18th, 2007 at 4:46 pm
Casey,
You should have NEVER dealt with a predatory lender like CashCall. Always do your homework on any lender you intend to seek a loan from. Anyway, this is never generally a good idea, but are there any other non-loan shark lenders you can get some funding from to pay off CashCall? Basically CashCall has your balls in a vise-grip (unless you can pay them off outright), good luck getting them back.
April 18th, 2007 at 4:47 pm
Oh crap… I have a chiropractor appointment to go to right now all the way in Roseville (I’m bartering my tech services for free care with him… sweet!)
So I will have to wait until I get back to moderate 196 comments and work in implementing the code change.
In the mean time, feel free to register for an account so that soon you will not have to wait for moderation any longer and post freely.
Rewards for plugin:
If anybody can finds a plugin (or makes one) that does what I’m trying to do (see above) I will be sure to give you a reward of some kind (mention on blog? anything else?). That way I will not have to work on it tonight and we can give the registered users open comments sooner.
April 18th, 2007 at 4:53 pm
It figures that you would go to a chiropractor. A scam doctor for the scam boy.
April 18th, 2007 at 5:11 pm
Casey - Why did you spend more money when you have little to zero inflows? You could have acquired some milk cartons or empty boxes for free from a grocery store.
Also, what is with the early riser program again? I am setting the over / under at six days. Place your bets everyone!
April 18th, 2007 at 5:27 pm
Ohmygodcasey. You really bought 1.3 Million Shares of GSPG. I mean, I was 100% sure it was an April joke. 4K$. This is surreal. At 0.0034. Now worth 0.0023 (ie: you already lost 1400$)
You “forgot” to send back the contract to CashCall, so the money you begged here have been wasted.
You have a chiropractor. You have time to see you chiropractor.
You have 200 posts to moderate.
You want to spend the evening coding some random functionality in a weblog app.
You have no idea where the money you borrowed went.
I came to you blog 4 month ago, because of a post on /. comparing you to the alliwantforxmasisapsp blog. The guy was saying that you were fake.
My mind explodes. This is not real.
This
is
not
real.
April 18th, 2007 at 5:41 pm
I’ll make a plugin for you for $600. Anything less and you can forget it.
April 18th, 2007 at 5:45 pm
Casey, you should have bought some balls. Why don’t you fight?
April 18th, 2007 at 5:51 pm
Didn’t you say online, recorded forever and in front of the whole world — $10 a month for instant and unmoderated comments?
April 18th, 2007 at 5:52 pm
I heard you are seeing a chiropractor. This is definitely something I want to comment on. I do Bikram Yoga and I get more benefit for less cost. When I was very poor, there was no way I could afford a chiro. Even if you are bartering, you should be working for money, because chiro shouldn’t be your top need. If you need to know more about treating pain associated with overuse, I can show you some amazing things (way more powerful than the blue ball). but if you’re working to get these treatments, it’s yet another example of paying money you don’t have for goods you don’t need. Yoga requires work though.
April 18th, 2007 at 5:54 pm
Something seemed familiar about the drunken bum now inhabiting my former box in the back alley.
I walked back to the squatter and pulled back in shock when I recognized the man sitting in my box.
It was Robert Kiyosaki!!!
“What happened, Rich dad?” I asked, still in shock but a little glad, too. Maybe we could failforward together, somehow.
Robert replied, with another harsh laugh, “I started believing my own hype and put all my money in gold.” He shrugged and added, “When the gold bust of 2008 happened, I was wiped out.”
Sweet!
April 18th, 2007 at 6:00 pm
Okay Casey -
I’ve signed up. When can I see the unmoderated comments?
April 18th, 2007 at 6:23 pm
OK. Now I know that Casey is just funnin’ with us to get a rise out of the haters. Nobody could possibly be that irresponsible to go to all the trouble of negotiating an extension with CashCall, begging for cash over the internet to make the required payment, and then FORGET to send in the extension agreement. He just wants to see what the haters have to say about this.
Also, no corporate lawyers that had a clue about Casey’s situation could possibly have advised him to set up a corporation to borrow money when he has no business and no way of paying back the money. Or to borrow $4000 or whatever to use those scam-artists at Corporate Connection or whatever they’re called to set up a corporation for him.
However, although I’m not an accountant, Casey might very well be right that he owes no taxes for 2006. His losses from his real estate transactions greatly exceeded his income for the year. But I’m not giving tax advice, so don’t rely on what I say. That’s what your accountant is for.
Just out of curiosity, how in the world did you get corporate lawyers and an accountant to work for free? Don’t tell us you are paying them. Like I said, Casey is just funnin’ with us here. No need to get excited.
April 18th, 2007 at 6:55 pm
“For any particular thing, ask, ‘What is it in itself? What is its nature?’”
What are you in yourself, Casey? What is your nature?
April 18th, 2007 at 6:56 pm
When is the instant moderation kicking in? Instant in Casey World equals how long?
April 18th, 2007 at 7:00 pm
Nice going on the CashCall brain freeze. What other simple tasks can you bungle for us?
Jeez, I’m beginning to think that gambling on penny stocks would be a real step up for you. Go for it!
April 18th, 2007 at 7:39 pm
I can’t see how you could owe any taxes in 2006 given how little you worked. However, your 2007 taxes will be a mess once you get hit with 1099s from the short sales.
Thank you for finally implementing registration to allow for actual discussions.
April 18th, 2007 at 8:39 pm
Casey Casey Casey,
You sound like my real estate investor friend in Wisconsin…be completely disorganized as long as possible, yet somehow get away from it. Lucky for him he hasn’t owed taxes for years because of all the cash flow losses he took on his rental properties, as well as the umpteen kids that he gets child care credits for.
I thought about giving a lot of advice on here, but since you have followthrough problems, I will keep it short and…..SWEET.
My advice is…..you have lost credibility time and time again by not following through!
Ideas must translate into motivation…..
And motivation must translate into action…..
And action must translate into results…..
And results must translate into success (at least sometimes….”failing forward” only sounds good for so long!)
P.S.: My real estate investor friend also got involved in Market America as well as trading foreign exchange currencies with programs that you can sign up for online. Foreign exchange trading can utilize leverage levels that real estate can’t match (especially now since mortgage credit has been tightened). You should look into it….you can set trades when certain price thresholds are crossed…it’s the lazy way to get wealthy (or poor if you screw up) so maybe it’s something to consider. My buddy has made $20,000 in 4 months using the trading programs, so the potential is there.
April 18th, 2007 at 8:48 pm
Casey,
The whole point of being up early is so you can have a full, productive day. Taking mid-afternoon naps sort of defeats the purpose.
And bartering for chiropractic services isn’t helping your situation any either. You need some form of income. Not “deals in the pipeline.” Not services that you could live without. Real cash.
And please stop talking about simple items like scheduling and reading your mail as “logistics.” It’s offensive to those of us who work or have worked in the real logistics business. The stuff you’re talking about is very basic personal administration that everybody in the business world has to do even though it’s not a lot of fun.
Personally I’m not the most organized person in the world by nature, so I force myself to spend a few minutes a day — about five in the morning and another 5-10 after I receive my mail — to deal with this stuff.
Sorry to be so negative in my first unmoderated post, but you really need to get a grip on reality. Nobody’s going to take care of this stuff but you.
-btc
April 18th, 2007 at 9:01 pm
Hack the code a little?
What are you talking about Casey?
It’s so simple. You said you are a PHP programmer.
Why don’t you just allow TWO USERCLASSES (ONE ANONYMOUS AND ONE REGISTERED) to post by changing a line or two on one or few of the php files.
April 18th, 2007 at 9:17 pm
man, you are pulling our collective leg….
this is not “logistics”, it is stupidity that gets youin trouble, and ability to learn to read stuff that comes in the mail
you need to go and see a doctor, and get examined for ADD, potentially some other disorder
the mess with CashCall finally makes you site interesting again
April 18th, 2007 at 9:29 pm
Hey kid;
“Well, CashCall then sent me a contract that I was supposed to sign and return within 48 hours or the deal is off. I didn’t remember hearing anything about the 48 hour time frame. I did get the contract but I delayed sending it because we went out of town that Sunday for a week.”
What? And you didn’t share your business trip with us?
What in he world were you doing going out of town…oh, never mind!
But I gotta tell you, little hobbit, you are NEARLY succeeding at your stated goal of helping people in foreclosure.
What you’re accomplishing here s really more valuable than that…it is helping people to stay OUT of foreclosure.
If there’s anything in your personality or character that resembles our little goblin’s business M.O. in ANY way, then hunt it down immediately and kill it without delay or remorse.
READ the contracts!
Understand what you are signing BEFORE you sign it.
HONOR the terms that you agreed to by signing.
DON’T shop at Ikea when your budget would be strained by Wal-Mart.
DO get, and KEEP a JOB.
Ah, Casey-lad, at least when the IRS shows up to garnish and seize and do all the other fun stuff they are known for, all they’ll have to take are the dust-bunnies left by the CashCall people.
We warned you, kid.
ASW: success
April 18th, 2007 at 9:31 pm
Oh BTW, kiddo;
Folks better think LONG and HARD before giving YOu a valid e-mail address.
There’s SOME address books that it doesn’t pay to be in.
ASW: jetta
April 18th, 2007 at 9:31 pm
This could be a useful mod, looks quite simple! Just a line or two of code…
http://www.dagondesign.com/art.....wordpress/
ASW: Awesome
April 18th, 2007 at 10:00 pm
As for Phillip…what a looooooser…
Quote from his site:
“Today, I went to show the condo to some prospective tenants, and when I went into the unit, I found it in good shape. The tenants really took care of it. I’m sorry to say that they will not get their security deposit anyway because that is the current trend - take the tenants security deposit too. I know it seems mean, but it happens to every renter, just ask them.”
Another winner, pseudo-friend of Snowflake
April 18th, 2007 at 10:02 pm
Besides, the corporate money has been already reserved for an income producing investment
>
Enron2? pets.com2? GSPG2?
April 18th, 2007 at 10:51 pm
hey, here’s a business idea…
Start selling carbon offest credits…
Find out how much the Goracle’s company charges and charge half…
You live down there in California where the greeeners run free!
Here’s the busines plan…
Step one: Charge $xx,xxx for carbon offset.
Step two:Do something freindly for environment
Step Three: pay off ‘every dirty penny’
step four: Profit?
April 18th, 2007 at 11:48 pm
Casey,
You’re such a looser that any normal person can’t help but watch the dancing monkey.
You’ll lose users while you attempt to set up what you consider important, because you ignore your user base.
Three months from now, nobody will have anything to say, here or on other sites. You had your chance, like everything else, you didn’t understand how to make it work.
Work on different venues, little monkey, the end result will be the same, you are nothing but a footnote.
April 18th, 2007 at 11:59 pm
Heres a deal I found for you Casey:
I HAVE BEEN IN THE REAL ESTATE FOR OVER 10 YEARS. I HAVE PROPERTY AVAILABLE IN THE NORTHERN NJ AREA.
I CAN STRUCTURE ANY DEAL!!
I KNOW HOW TO MAKE NO MONEY DOWN AND CASH BACK A REALITY!!!
I HAVE 8 APARTMENTS 1 BIG STORE FRONT AND A CHURCH IN ONE BUILDING IN EAST ORANGE NJ…..IT NEEDS ABOUT 150K IN REPAIR AFTER REPAIR VAULE IS 950K+ . IF YOU CONDO THE BUILDING YOUR ABOUT 1.2 MIL.MY PURCHASE PRICE IS 420K. THAT IS ONLY ONE DEAL I HAVE MANY MORE RESIDENTIAL
CALL ME TODAY
862-268-3969
April 19th, 2007 at 2:00 am
Casey,
First things first. I want to give a special shout out to my homies arebelspy and mandelbrot. You guys know who you are, and I know you both read this blog.
Second things second, WTF, over? Where do I start:
1. The tax man. How in the heck do you think you won’t owe any/many taxes this year? Your records indicate that you have two sales (short sales?) and a foreclosure in 2006. That’s going to bite you.
What about the credit cards that you guys aren’t paying? If they sent you to collection, and wrote that debt off, they’re going to slap you with a 1099-C, cancellation of debt. You owe income taxes on that. You did see those in the mail, didn’t you? Of course, you can’t tell me right now whether or not they wrote that debt off yet, can you?
The penalty for non-payment is 0.5% of the BALANCE of your unpaid tax. The maximum is 25%. Dude, with your finances, that would scare the crap out of me if I were you. It is *not* all good.
2. Your accounting. How can you spend that much money on that many properties, and not have any clue where any of it went? Dang dude.
3. Cash Call. What? You ignored a contract that was mailed to you, and it is only partially your fault? Wow! It’s all your fault. They upheld their end of the deal. Besides, you never got an “extension,” all you got was them to back end your payments for you.
4. Again, remind me what you bring to the table? A handful of ideas that you want somebody else to execute? A few connections that haven’t gotten anywhere?
Can you tell us, with a straight face, that any of your “connections” actually takes you seriously, and is willing to be publicly associated with you? Dwayne is out. You are an embarrassment to him. Nigel Swaby won’t have anything to do with you until you get a “real” (W2) job. So again, who is willing to do business with you?
One of the reasons you have so many loyal haters is that you just make it so easy for us. It’s fun. NONE of us can take you seriously until you take yourself seriously
April 19th, 2007 at 2:05 am
Casey, here’s the thing. You are thinking like a poor person, which is going to make you into a poor person.
I happen to know for a fact that Donald Trump wants to get into the low-end lending business. I had breakfast with him the other day - we’re both early risers, just like you.
Anyway, what you’ve got to do to solve this Cash Call thing is stop thinking about negotiating with them or paying them off - what you’ve got to do is get the whole company under contract, and then flip it to someone else like Donald.
Next time they call you - or you can just call them - tell them you don’t want to talk to the “work out department” (what are they, the YMCA?), tell them you want to talk to the legal department, and that you’ve been talking to Paul Reddam and he’s going to sell you the company, and they’d better get off their asses and get the purchase contract worked up if they want to have a job left after you take over. Tell them your lawyers are busy right now working on your corporate debt restructuring, but that your guys will look over the draft once CashCall’s legal department gets something on paper. Tell them if you find any mistakes they’re gonna be standing in line at the unemployment office next to Gary Coleman.
Now, call over to Trump’s office and tell them that you just bought CashCall but you’re interested in a quick flip. Whatever they tell you they’ll pay for it, just multiply that by 1.5 and tell them that’s the least you could possibly take, and that if they don’t get off their butts and send you a check right away, you’re going to sell CashCall to Arnold Schwarzenegger next time you run into him at Jamba Juice.
See? It’s simple. Rich people don’t screw around with things like payments and Western Union and whatever. Rich people buy and sell things they don’t even own yet.
When poor people do this, it’s called fraud. This is why it’s really, really important that you stop admitting that you have no cash and that you live in your sister-in-law’s apartment. Tell people that your sister in law is really a former Spetsnaz with counterterrorist training and that she’s your live-in bodyguard, and that you actually own the entire apartment complex through a series of complicated entities and nominee holders that provide asset protection and an extra layer of security. Besides, you’re only staying there with the poor people while your mansion in Utah is renovated. Those idiots put in granite countertops and a Wolf range, which is SO 1998.
I’m pretty sure Wells Fargo is for sale, too - but you’d better get this Cash Call thing wrapped up first, or else Nigel or one of the other go-getters will get in between Trump and Reddam and then you’ll miss out on this sweet little deal.
April 19th, 2007 at 2:47 am
From GSPG’s annual report released on April 16 - great due diligence on your part Casey. Still excited about your stock purchase?
Liquidity and Capital Resources
We recognize that our cash resources are limited. Our continued existence and plans for future growth depend on our ability to obtain the capital necessary to operate, through the generation of revenue or the issuance of additional debt or equity. In 2006, we raised an aggregate of $1,700,000 through three financing transactions. Through April 14, 2007, we received $700,000 in additional funding. While this additional funding may meet our immediate working capital needs, if we are not able to generate sufficient revenues and cash flows or obtain additional or alternative funding, we will be unable to continue as a going concern. We have yet to realize an operating profit at our Company. As disclosed in the report of our independent registered public accounting firm in our financial statements included in this Form 10-KSB for the year ended December 31, 2006, our recurring losses and negative cash flow from operations raise substantial doubt about our ability to continue as a going concern.
In connection with our acquisition of the Plum Mining Company, LLC, we issued a promissory note to the seller for $1 million (the balance of the purchase price). At December 31, 2006, the outstanding balance on the Note was $250,000. We are in default on this Note.
Under the terms of our November 2004 subscription agreement, we issued 8% convertible notes in the aggregate principal amount of $11.1 million to an investor group. Under the terms of the notes, our first principal and interest repayment was scheduled for April 1, 2005. We are in default on these notes. The default interest rate is 15%.
In March 2005, we issued a secured convertible note in the aggregate amount of $6,885,184 with a 12% interest rate for the 29,573,803 shares and accrued interest due under the mandatory redemption payment provisions of our November 2004 subscription agreement. Payments on this note were scheduled to begin on April 1, 2005. We are in default on this note, causing the interest rate to increase to the default rate of 18%.
On July 15, 2005, we completed a financing transaction, which provided us with $800,000 in funding. In consideration for the financing, we issued promissory notes with a face value of $1.2 million, reflecting an original issue discount of thirty-three and one-third (33.3%) percent. The term of the notes is two years, with an optional extension of one year at the option of the investor. The annual interest rate on the notes is 15% of the face value and is payable monthly. On September 28, 2005, we completed another financing transaction under the same terms and conditions as the July 2005 financing. The September 2005 financing provided us with $200,000 in funding. We have not made the monthly interest payments on these notes, and thus we are in default. The default interest rate on these notes is 22%.
We are working with the above-referenced note holders to cure the defaults. The above referenced notes have a total value of approximately 11,726,000 at December 31, 2006. While failure to reach a resolution would likely cause us to seek external funding in order to meet our obligations, there can be no assurance that such funding would be available.
ASW: credit (too funny!)
April 19th, 2007 at 3:44 am
ignore the details
April 19th, 2007 at 4:44 am
would follow through on his goal of making a payment to CashCall in order to gain a fairly long term deferment. He wired the money close to when he said he would and posted a photo of the completed transaction. Then in classic Casey form, he failed to send the agreement back in time, thus resetting his forbearance negotiation back to zero. He’ll need to send in another payment to get CashCall to reconsider another forbearance agreement. Sweet deal…for
April 19th, 2007 at 5:59 am
“Everybody else will still be able to post without registering but you will have to wait for moderation. As you can see sometimes things get backed up for several hours.”
“I’m going to work on turning on the ability for registered users to comment without moderation while unregistered people go to the regular moderation que.”
“If anybody can finds a plugin (or makes one) that does what I’m trying to do (see above) I will be sure to give you a reward of some kind (mention on blog? anything else?). That way I will not have to work on it tonight and we can give the registered users open comments sooner.”
Perhaps it’s just me, but it seems that you should have figured all of this out *before* you implemented your “plan” for registering users. Not much of a plan, if you don’t know how you’re going to make it happen.
BTW - this is the third comment I’ve made that’s backed up in your queue (if that’s the same thing as “que” - I’m not familiar with that term).
April 19th, 2007 at 6:08 am
Case, you wanna tell us about your plan to turn this page into a portal for telephone foreclosure consultation at $39 per 20 minutes?
Is that the “good thing coming”?
Is that how you want to “help others in need”? By charging them $1.95 per minute for all that great advice that helped you not avoid foreclosure?
April 19th, 2007 at 7:07 am
So everybody who donated, please don’t be upset.
I, for one, am not the least bit upset. I have learned many useful things here. I donated because I enjoy your blog and do not mind paying for my entertainment.
April 19th, 2007 at 7:26 am
Casey is probably writing a lot about cash call for the rankings in google.
You have the same problem as me…. lack of organization. It was obviously not a problem to open a letter and mail a letter in 48 hours. At least the fact that I have made a lot better investments and chose better businesses than Casey has made up for that, although that’s not an excuse. I could have done even better.
Anyway, Cashcall Cashcall Cashcall Cashcall Cashcall Cashcall Cashcall Cashcall Cashcall Cashcall… There’s your help for ranking in google. Oops, I hope that wasn’t to spamy!
April 19th, 2007 at 7:58 am
Hi Casey,
I’m getting back $1,800. I’ll use that to pay off my car, putting me back in the zero debt category.
How’s your life?
April 19th, 2007 at 8:04 am
Casey,
Word has it that now you’re trying to “help” people in foreclosure by selling them consulting time at a rate of $117/hour! I thought you were just trying to hook up short sale deals, to score commissions from the buyer - you’re actually trying to fleece both ends?
What exactly makes you worth $117/hour as a “foreclosure consultant”? And don’t you need some sort of license for that in California?
Care to comment?
April 19th, 2007 at 8:35 am
ASW: Looser
Yet again, how appropriate. Hey looser, no early riser today? It has been nearly 36 hours from the last moderated comment. Cashcall take any of your sister-in-laws stuff yet? How are you going to explain that when they do?
Get to work Fliptard!
April 19th, 2007 at 9:24 am
You went to Ikea for office supplies and equipment? Did you consider possibly spending that money someplace else a little bit more economical, like OfficeMax or Staples (or your local discount office supplier)? I don’t know where you got the money to spend moeny at Ikea but I am thinking that money could have been more wisely spent else where.
Cynical side says: when the repo men come to your door, it won’t matter if it came from Ikea or OfficeMax. Also you won’t get a higher credit against your debts because you are only credited against how much the repo guys get when they resell your property.
April 19th, 2007 at 9:38 am
Yes, Casey, get rid of the haters. They don’t add anything to your blog.
April 19th, 2007 at 9:47 am
test of instant post
April 19th, 2007 at 10:49 am
Love you Casey, mean it.
April 19th, 2007 at 11:50 am
Ack, this instant post thing doesn’t work, does it?
Sound like anyone else we know?
April 19th, 2007 at 11:54 am
Ack, this instant comment thing does not work.
Sound like someone we know?
April 19th, 2007 at 12:22 pm
Wow,
First a little tip: some of the best advice I’ve EVER been given for organization is to only handle a piece of paper ONCE. What that means is DON’T put it down here, thinking “I’ll get to that next time”…. Nope: pay that bill NOW, or file it to the right folder NOW.
FWIW, bartering for services as a means to avoid paying income is illegal; income exchanges must be reported to the IRS via a 1099-B. Just thought you should know, because once again, you’ve just publicly admitted to violating tax laws….
April 19th, 2007 at 12:22 pm
@208 Philip GCScammers:
You could take those deposits from good tenants and get some IKEA stuff. Keep a few like you planned because it was the trend and it will be a win-win. Only your tenant gets screwed.
asw: loose
April 19th, 2007 at 12:28 pm
Casey, I am truly amazed that you don’t get your a** kicked and your Jamba Juice money stolen every time you step outside your door.
asw: Sacramento
April 19th, 2007 at 1:37 pm
We at EN are eagerly awaiting your next performance
April 19th, 2007 at 2:15 pm
Answer to your problems:
1) Get a job
2) Read agreements that you sign!
3) Stay off the short yellow bus
April 19th, 2007 at 3:05 pm
# 256. Dave
FWIW, bartering for services as a means to avoid paying income is illegal; income exchanges must be reported to the IRS via a 1099-B. Just thought you should know, because once again, you’ve just publicly admitted to violating tax laws….
Where did he admit to violating this tax law? All he said is that he’s bartering services. He didn’t say he was doing so to avoid paying income tax.
April 19th, 2007 at 8:51 pm
Casey,
One time Donald Trump talked about a night that was one of the worst nights of his life. This was in the early 1990’s after some of his top executives died in a helicopter crash, and he wasn’t able to make the payments on his loans due to the economic recession.
His creditors told him to come down to an office building in Manhattan at about 2 AM. He walks in and there is a big table with representatives from the major banks that he took loans from. They told him to sit down at the table, in front of a phone, and restructure new agreements with all of the lenders. They gave him more favorable debt terms in exchange for taking roughly 50% ownership of some of his most prized casino resorts.
After all of this was finished, he walked back outside to go home. On the way he passed a homeless man on the sidewalk, and he thought to himself, “Wow…..that homeless man is about $2 billion richer than I am right now.”
Do you ever walk by any homeless people and think, “Man…that homeless guy is $2.2 million richer than I am right now”????
April 19th, 2007 at 10:47 pm
You manbag, if this blog is for real you are one stupid monkey. If it isn’t for real, I’d have to say you’re a decent showman.
April 20th, 2007 at 12:14 am
“DON’T shop at Ikea when your budget would be strained by Wal-Mart.”
“someplace else a little bit more economical, like OfficeMax or Staples”
Have you people never shopped at IKEA? I’ve gotten CAR LOADS - no, VAN LOADS - full of stuff at a fraction of what it would cost to get the same stuff at other stores, et. al. At the very least, IKEA’s “nicer” stuff is the same as the mid-range stuff from other places…
Granted, the quality isn’t always what you may get elsewhere, but on the lower end stuff, you’re paying a fraction of what you would elsewhere. Thus, you get what you pay for…
April 20th, 2007 at 5:30 am
The honest fact is the amount of Casey’s debt is more than some people’s net worth. So when people try to tell him he needs to get a job and stop complaining. They feel it is going in one ear and out the other. As you can see by reading this post here Casey just didn’t take control of the situation. He just sort of left it in the air. It is actions like these that have pissed many people off. If you are so serious about paying back all debt, why not handle it before you leave out of town?
April 20th, 2007 at 6:29 am
dude,
you are not old enough to remember the Flipper tv show.
did you get a JOB ?????
April 21st, 2007 at 6:40 pm
The honest fact is the amount of Casey’s debt is more than some people’s net worth. So when people try to tell him he needs to get a job and stop complaining. They feel it is going in one ear and out the other. As you can see by reading this post here Casey just didn’t take control of the situation. He just sort of left it in the air. It is actions like these that have pissed many people off. If you are so serious about paying back all debt, why not handle it before you leave out of town?
April 22nd, 2007 at 7:18 pm
Casey Serin’s site. You may remember him, he’s the one Nigel stabbed in the back by making Foreclosure Avoiders. http://www.iamfacingforeclosur.....otta-give/ http://www.iamfacingforeclosur.....reclosure/ http://www.iamfacingforeclosur.....hcall-not/ http://www.iamfacingforeclosur.....-comments/ http://www.iamfacingforeclosur.....contracts/ You may also recall that Nigel provided this excellent site giving the alternative and