June 22nd, 2007 8:30 am
Sell My Foreclosure Blog for $100,000?
I’ve been talking with people in the last several weeks about selling this “internationally infamous” foreclosure blog. The offers are over $100,000 at this point. Still trying to see how serious people are and making sure the blog will fall into good hands.
I also have some opportunities to sell-off partial ownership and stay on as a partner to develop this blog/site further to ride the huge foreclosure wave that is coming. Either way I want to do something with the “equity” in this blog or take on a financial partner.
So what can I do with $100,000?
Pay down or settle debt - both foreclosure related and unsecured debt…
Thing is… 100 grand can do a lot of damage to my mountain of debt. I figure I have about 170K or so of unsecured debt plus whatever I end up owing after all the foreclosures get sold by the banks that reposed them (200-300K?).
I hear I can settle the debt for much less then what I owe. “Pennies on the dollar” maybe? I may have to hire an expert debt negotiator for that.
Or invest into a high-yield fund for passive income…
Alternatively, 100 grand can produce some SWEEET passive income if invested into a nice equity fund with monthly returns of 5% or more. That would accomplish my passive income goal I set back in 2000 when I graduated high school.
This income would give me some peace of mind for once and help me start paying down debt as well as focus on other income producing activities.
Would I continue blogging? What about the advertisers? What about The Foreclosure Code book?
If I sell, advertisers will stay and continue getting great exposure. I’m sure selling the blog for 100 grand or more will create some great additional coverage. Plus, I would not just completely stop blogging here.
My agreement with the new owner or equity partner will include me blogging for at least an extra month or two to let people know how things are going with the transition and what not. Depending on the deal I may end up blogging here indefinitely (with proper compensation or benefits) to keep things juicy and keep the drama going. And if not here I will be blogging elsewhere.
I will also make sure I will have the ability to market my upcoming foreclosure book here and what not.
I’m glad I didn’t kill it… potential of this blog
Even through all the drama, I’m sure glad I kept this foreclosure blog going. There is A LOT of value in this blog that some people don’t see (and sometimes I don’t see), provided it’s leveraged correctly.
My goal has always been to do something good with all this exposure - help people in foreclosure, make money to take care of my family and of course continue to position myself for bigger and better things.
Also, I realize that I am under-utilizing the potential of this blog, the search engine positioning and all the exposure. I could be doing a lot more but I have been so busy and distracted with the financial pressure that it has been hard.
My financial situation is so tight right now that selling some or all of the equity in this blog is a smart idea, I believe.
As long as the blog goes into good hands or I take on a financial partner that has a similar goal as I do: truly help people facing foreclosure. It’s OK to make a ton of money in the process but it’s NOT OK to screw people.
Some things to consider…
- Google PageRank 5 as of last update. This will most likely jump to 6 or 7 because of all the great inbound links that continue to be formed, (especially from the media).
- Alexa Rank of 30,915 and getting better every day.
- Almost 10,000 daily visitors / 20,000 daily page views and growing. Looking at the traffic chart there has been outstanding growth in the last 9 months. And even though I was down for a quarter of this month the numbers for June are still very strong. (When the blog was down the traffic meter was off.)
- Advertisers love it! Because of SEO benefits, brand recognition and good traffic, my advertisers see a lot of value to advertise on this blog. My Sweet Links section was sold out in a matter of days back when I first introduced it with only 10 spots at $100/month. Now I’m upto $150/month with 25 spots and they’re selling like hotcakes still. Premium ads at $500/month are goind strong too with continue interest. I see those selling out soon too.
- Over $6,000/month just from direct ads once all the spots are filled. This doesn’t include doing a banner across the top for an extra $1,000-3,000/month and other ideas I had. The Google AdSense brings in an extra $1,000+/month (once the anti-click-fraud plugin is installed) and inline text ads are doing another grand a month or so. With a little bit of time and work this is easily a $10,000+/month blog.
- Huge potential for leads: foreclosure consulting, shortsale, refinancing etc. Even without offering any kind of a “foreclosure help” service I get 4-10 emails per week asking for help. Unfortunately, I haven’t been able to help much because I don’t have a system setup yet and I don’t have a lot of expertise to help aside from my personal experience. If the blog is to be reconfigured to cater to people in foreclosure I can see 20-100 leads per week from the current stream!
- Top ranking for keywords. This blog comes up on the first page of Google for the terms “foreclosure” and “hardship letter”. The term “short sale” has been gaining ground also and I believe is on the 2nd or 3rd page right now (The results are slightly different in Australia). There are a bunch of other great terms that I come up under. If you’re interested I’ll give you a whole list. With more focused content creation and SEO strategies, we can get even higher organic placement and grab more keywords.
- More Sweet Media and Coverage If I stay on as a partner, I will continue being open and welcoming of any media coverage or sweet linkage from other websites. I find that by being open and honest about what I’m trying to do, people are willing to put me in the spot light. I have a genuine desire to make something good out of all this and I think others pick up on it.
- Gigantic foreclosure wave is just starting! If you are smart I don’t need to convince you of the trends. The huge amount of sub-prime adjustable-rate mortgages and other craziness in the lending industry is going to create the biggest wave of foreclosures world-wide in the history of man kind!! Lots of people are going to need help.
So the opportunity is ripe. Feel free to contact me with offers upwards of $100,000 or any creative joint venture ideas that will allow me to cash out a sizable chunk of that.
If I was doing better financially I would NOT want to sell but simply hire people and grow this blog into a monster foreclosure helping machine. However, right now I gotta do what I gotta do. I’ve been blessed with all this exposure and it’s time to cash-in on it a little bit.
That plus the money from the upcoming Foreclosure book should help me make a pretty sweet comeback.
But hey, if I don’t choose to sell it, then I will continue telling me foreclosure story and developing this blog into something positive on my own. It’s all good!
. . .
Ok, I finally added some more sweet Aussie pics!
188 Comments
June 22nd, 2007 at 8:33 am
$100,000 only???
I would wait for $800,000
June 22nd, 2007 at 8:34 am
No no no, buy PENNY stocks! Just imagine, even if they only go to $1 then you’ve made a FORTUNE. Dreams, dreams, dreams…
June 22nd, 2007 at 8:36 am
Settling debts for pennies on the dollar is not likely at this point. Your debts are fresh and new, and, most importantly, they are still within the statute of limitations. Your creditors can sue you, and get judgments placed against you that will last for decades (10 years in most states, can be renewed for another 10).
So why would they settle for pennies? Especially when the debtor is still traveling the world, making headlines, and talking about how much his blog is worth? You have a book deal (allegedly). There’s lots of money for people to seize.
Did you see in the news recently that Ron Goldman’s dad got control of O.J. Simpson’s book? That was because he had a judgment against OJ for $33 million, and the judge allowed him to seize the book as partial repayment. That’s what can happen with judgments.
June 22nd, 2007 at 8:38 am
Let’s see, $100,000 @ 5%…so a little more than $60,000 a year.
But wait, Casey, you may want to pay taxes this year, so that drops your “sweet” income to $39,000 a year…and that doesn’t come with medical coverage, dental coverage, 401k, retirement planning, or anything else. So you’d still miss the CA median income by about $6,000-10,000. SWEET success!!
Invest the money, make passive income, and then actually get off your butt and make ACTIVE income for a change.
June 22nd, 2007 at 8:41 am
So if you can make 10k plus a month with this blog, wouldnt it be a bonehead move to give that up?
Casey, think about what you would normally do, then do the opposite. If your gut says sell…hang on to it.
Unless you are inflating the ad numbers. Are you?
June 22nd, 2007 at 8:47 am
So Casey, how are you going to screw up next and make it so no one wants to buy the blog?
June 22nd, 2007 at 8:54 am
$6,000 per month = $72,000 per year. Why would you sell for less than twice revenues just because you want quick cash? You need to delay gratification for once in your life.
I would never buy it myself, because I don’t invest in things I don’t understand.
However, I can’t help but think that someone who understands internet & media and how to grow it should be willing to pay more than 10 times revenues.
June 22nd, 2007 at 8:58 am
BLAH BLAH BLAH …. now you are just being an idiot and showing all of us you truly have no idea about life.
Thats it .. Im done ….
PS … im sure your new DEBT negotiator will be as good as all of the other experts you have hired … at the rate of expertise you have received … your $170K in debt will be settled for $225K …… yeah .. you keep getting all those EXPERTS to help you. ….. This is becoming purely STUPID.
June 22nd, 2007 at 9:07 am
At this point I can only assume you’re trolling for responses, but somehow the gravitational force of the black hole that is IAFF is simply too much for me. I can no longer stay away.
Assuming that you ended up with $100k, even after taxes and fees (which would require following through in the first place…), I’d expect that of your two options, the latter is the one you’d go with.
Why is that, perhaps you ask? Well, two reasons. You already have quite the track record for not paying off your debt. Why stop now?
You also have quite the track record for get-rich-quick schemes. And a compound 80%/year interest rate can’t fall anywhere but in the get-rich-quick end of the spectrum.
But, hey, at least you got to use another picture with some money in it.
June 22nd, 2007 at 9:08 am
You don’t have ANY expertise to help aside from your personal experience (in screwing up.)
Don’t screw up someone else’s life.
June 22nd, 2007 at 9:09 am
Please let me know where you can get 5% monthly returns without mammoth risk.
Why are you in such a hurry to lose all your capital?
June 22nd, 2007 at 9:09 am
I have been folowing this train wreck since March or so and have never posted. This post compels a response:
Please! You are delusional!
I have been willing to give you the benefit of the doubt, that you would dig out or this hole, etc., but it now appears the “haterz” are correct. You are a young fool, out of touch with reality and the enormity of your folly.
Based on the Federal Sentencing Guidelines, I’d say you are looking at around 79-97 months in Club Fed.
If you keep swearing to pay people back, you might get a downward departure and knock down a couple of levels to only 34 months or so, but talking about dodging your creditors and getting “sweet” passive income will not help you at your sentencing hearing.
This is not going to end the way you think it will.
Sorry.
June 22nd, 2007 at 9:11 am
Hahahahahaha - your latest Flicker photos are funny. I especially like this one
http://www.flickr.com/photos/s.....otostream/
“Too bad they don’t have any monkeys in the jungle”
True dat but it looks like they have one giant jackass!
June 22nd, 2007 at 9:15 am
Casey, no idiot would buy your blog for $100K, though if you find someone who is, by all means, CUT AND RUN. At the very least, it would prove that you aren’t the biggest idiot on Earth. Just #2.
Then PAY OFF YOUR DEBTS! You’re not going to find any equity funds that return 60% annually.
June 22nd, 2007 at 9:17 am
A few pros and cons…
1. Selling now may be a good idea as the story has peaked and readership and advertising (and thus the value of the blog) are likely to decline from here. There’s not enough new happening to retain readership and not enough helpful content to gain new readership. They always say you should sell high.
2. Given your brand is tied in with the website, retaining partial ownership - even if only to place a permanent ad for your book and link to archives - is probably a good idea.
3. Your income is at least $45,000/annually if you can keep the current readership up by making this a useful site - that’s $150 x 25 sweet links x 12 months. I assume that can be increased with banner ads and other things that are higher value. The biggest argument against selling is that the NPV of that cashflow is way more than $100k.
Oh, and “I hear I can settle the debt for much less then what I owe. “Pennies on the dollar” maybe?” - maybe, but that is hardly paying back every dirty penny now, is it?
June 22nd, 2007 at 9:20 am
Casey, don’t make that mistake, no matter how tempted you may be. You would still be in debt, at least if the offer is not increased to a level that would allow you to pay your debt in full. However, you would no longer have a source of income, which you would need in any case, even if you had no debt. How would you earn a living, especially since you don’t want a regular job? You may not even be able to find a job that pays better even if you wanted to. If you do find other sources of income, you can always keep your blog, since you only need to work on it part time. And don’t count on your book to help you live without working.
You got a once-in-a-lifetime opportunity to make money, possibly more than at a full-time job, by monetizing this blog. Don’t lose it. It will never come back. And don’t assume that the investment will be great either. If the returns are high, the risk of losing the money may also be quite high. And in any case, income that is relatively stable for a while for relatively little work is something you should not be willing to sell for a one-time payment. If you wait long enough, you may well get that money just from advertising. You could get one hundred thousand in two years and a month, at four thousand per month.
June 22nd, 2007 at 9:21 am
If you can make $10k/month on this blog, then that amounts to $120k per year. Businesses usually sell for 3-5 times their yearly earnings, so $100k for this blog is pretty low. No point in selling when you can make it all back in 10 months!! You’d be better off keeping the blog and letting it roll. Residual income is what makes you rich, not one time payments, unless you’re certain that your revenues will decline in the upcoming months…
June 22nd, 2007 at 9:24 am
And where does CashCall figure into your debt repayment plans? Why are they asking for 40k when your 10k debt surely could not have grown to more than 20k by now? Any word on this?
June 22nd, 2007 at 9:26 am
If you get $100,000, you will invest it in the equivalent of magic beans, since we all know you are incapable of following sound advice or recognizing a wise investment. A fool and his money are soon parted.
On a positive note, you have an opportunity to follow in the footsteps of your idol Robert Kiyosaki, which is: Make money giving lame, useless and impractical business advice while having had zero success in the business world yourself. You’re just an Oprah episode away from sweet, passive income. Passive income you will not be able to hold on to.
June 22nd, 2007 at 9:27 am
‘The offers are over $100,000 at this point.’
Amazing, the magic of the Internet - where no one knows whose a dog.
‘Either way I need to do something with the “equity” in this blog and could use an investor/partner.’
Yes, I can see how an equity investor could use leverage to enhance your passive income - very passive, almost flat on your back napping, daydreaming, so to speak, in a very creative frame of mind. Very creative - who wouldn’t buy a chance at future gold from a turn around story waiting to happen.
‘So what can I do with $100,000?’
A more interesting question for other people, though, is what they can do with $100,000.
‘Depending on the deal I may end up blogging here indefinitely (with proper compensation or benefits) to keep things juicy and keep the drama going.’
I remained awed - this is just free entertainment to me, but it certainly would be a goal to strive for using massive action to also be paid proper compensation or benefits for participating in a blog worth over $100,000.
June 22nd, 2007 at 9:27 am
you’ve been had. noone is going to buy the blog for 100k. but hey, it’s a way out.
your troll rating is now getting to be as bad as agnots. heavy handed and easily seen.
this one gets a 2/10.
June 22nd, 2007 at 9:37 am
have you thought of taking out a mortgage on it, I mean you do have the stated income to get the loan? HAHHAHAHHAHAH
June 22nd, 2007 at 9:37 am
Alternatively, 100 grand can produce some SWEEET passive income if invested into a nice equity fund with monthly returns of 5% or more.
Huh?!?!?!? 5% or more a MONTH in an equity fun?? You have got to be kidding - that is over 60% annualized!
A good return would be 10% annually, which would give you about $833/month to start! If you start shooting for 60%, this money will be gone again.
Now you definitely have a gambling problem!!
June 22nd, 2007 at 9:38 am
nice equity fund with monthly returns of 5% or more
Is this the same 60%-return-guaranteed scam you were chasing in Utah? Or does someone new have their hooks into you now?
(Did you learn *nothing* from the GSPG debacle?)
June 22nd, 2007 at 9:40 am
dude… keep at least partial ownership. Selling this will only stop the cash flow that can be created through this blog. 100k sounds good now, but think long-term
June 22nd, 2007 at 9:42 am
if not here I will be blogging elsewhere
How handy that Marty already registered worldsmosthatedblogger.com.
June 22nd, 2007 at 9:44 am
Why not pay off as many dirty pennies as you can?
June 22nd, 2007 at 9:46 am
dude… if the blog is gonna pull you 10k a month, you’d be INSANE to sell at 100k
June 22nd, 2007 at 9:47 am
Do it. Sell it and keep writing for it. This would be the best ending to your story that I could imagine.
June 22nd, 2007 at 9:47 am
You can sell if you want, but I found this place from Violent Acres. Mostly, come over to see how much worse the trainwreck is going to get. I never ever click on the links, and will probably completely stop reading if you sold off the blog. People aren’t here for foreclosure insight, they’re here for the bread and circus antics. Take away those, and you essentially have no product. Plus, I think you are placing a little too much hope on the book. I read this blog for the same reason I watch shows like Judge Judy… frankly, to chuckle at the poor decisions of others. Off the top, I would be disinclined to purchase your book, but with a cover that mimicks another product, that immediately makes me question the content and makes me even less inclined to purchase the book.
I’ve never posted before, but I’ve known alot of people like you. I was involved in a couple startups in the 1990s. At the end, I walked away, got a job, got a phd, work hard, but love my life. The people I knew who went from one “sure fire thing” to the next are still living the same life as 10 years ago, but more depressed, more broke, and more desperate for a break.
Passive income is nice and all, but most of us are not landed gentry. You are basing your life on the idea of generating enough passive income to live indefinitely. My problem is you are basing your future on products notorious for short run returns.
June 22nd, 2007 at 9:48 am
I don’t think you should sell. I think 100K is too cheap. I would definitely make sure you have an expert in business valuation help you come up with an accurate price. Not just “oh, 100K is a big number…that sounds good!) You hae to look at cash value, growth potential, valuations, etc. to come up with something accurate.
Just on valuation alone - $6,000/month…lets say you grow at just 6% for just the next 5 years. The present value of that computation is: $310,353. So, if you think of your blog as an annuity that pays you over time, the present value of that annuitay would be $310,353. And that is assuming a paltry 6% growth each year and the blog only being around for 5 years!!!
Of course, this is a very rough amount and there are other factors (cost, time, etc.) - but no way you sell at $100K - NO WAY!!!!!
100K is less than a year’s worth of work for you. You put in way to much time and effort! Plus, the blog would suck without you at the helm…that is essentially the blog!!
I think you’d be selling out way early. Think about this one. I think offers should at least be in the $250K-500K range…to start!!
June 22nd, 2007 at 9:54 am
Here is what you should do:
Do you know how FUNNY and entertaining this blog would be if you GOT a W-2 job and blogged about it?? Holy cow!! You blog about your interview, what the boss says to you, heck - even eating your lunch in the cafeteria explaining to the clerks what sweet deals are!!! Call it “CASEY GOES TO WORK”…holy cow, THAT would be great.
Let’s say you did do that - and got a job for even 50K. That plus your $6000k a month from ads (you could easily keep the bnlog up) is another $72k and you have a stable income, stable job etc.
If you sell now, you are jumping out too early. Remember, once somebody sells out, there is no going back. You got to where you were based on a grass roots effort. Keep going…9 months is not enough time. You have the ability to do so much more and go so much further.
If you do sell - you have your 100K, you pay off not 1/3 of your debt, and you have NOTHING ELSE.
Stop the insanity!! Get a job and blog about it!!! The thought of you bogging about the boss telling you you can’t blow out at 5pm every day is priceless!!!
June 22nd, 2007 at 9:54 am
Knowing you, you would dump the money into some scam and lose it all.
You are the poster child of “a fool and his money are soon parted.” Hell, you’re the living embodiment, an elemental of financial stupidity.
June 22nd, 2007 at 9:55 am
5%/month return on $100k equity fund? You’re dreaming. That kind of “get rich quick” mentality is what got you into your current situation!
Just hand out the $100k to your blog readers - you’ll know where it actually went, you’ll keep your readers, and it’ll be gone just as fast as your “investment.”
June 22nd, 2007 at 10:00 am
Considering you have 2.2 million in debt, not much, but it’s something. More power to you if somebody’s willing to offer $100K, but I would hope he/she has a plan for the blog, otherwise the minute your stories leave this site, the readership freefalls to nothing.
June 22nd, 2007 at 10:00 am
Hey Kid:
“As long as the blog goes into good hands or I take on a financial partner that has a similar goal as I do: truly help people facing foreclosure.”
Yeah, puppet. That’s very noble and idealistic of you.
But it’s not like you’re in a good negotiating position, is it?
It’s sell it today for what’s on the table, and pay off your debt to them, or let CashCall keep bullying your family.
” It’s OK to make a ton of money in the process but it’s NOT OK to screw people.”
Well, hobbit, you start walking like you’re talking, and keep to the straight and narrow, and I might just let you join my human race.
Define “deception”.
asw: letsdoit
June 22nd, 2007 at 10:00 am
I have to admire your tenacity and your ability to somehow keep thinking you are making a difference - or at least trying to sell that BS to people who actually fall for it. You are just a weasel in training and the scary thing is that you will probably go on to prosper at other people’s expense. Maybe you should go to law school and get a “respectable” job screwing people over. Please ban me if necessary. Truth hurts.
June 22nd, 2007 at 10:05 am
I’ve got $100,000. How come I don’t earn 5%/mo? Maybe I just don’t know how to find sweet deals like you do!
June 22nd, 2007 at 10:13 am
well, dang, Casey….
If you took 100K for this blog and made 5% a month on your sweet investments (which you would not, but its your fantasy world I am visiting, so I’ll comply with your fantasy math), that would be (in your tax-free world) 5K per month.
You say above that you can make more than that on ad revenue alone.
Why would you sell, then?
You are dumber than a rock, son.
Of course, none of your numbers seem legit. Well, you should hope they don’t seem too legit to the courts, or CashCall will be posting a big “Repossessed” banner right on top your ‘getting saved’ logo.
But then, you have never been wrong about these things before, so maybe its time I stopped doubting you.
(glad to hear that foreclosure fridays is back!)
June 22nd, 2007 at 10:14 am
Let’s see, you’re hundreds of thousands of dollars in the hole… I think now is the time to invest for sweet passive income! As soon as creditors got wind of your windfall they’d take you to court so fast it’d make your head spin. And if you have 6 figures sitting in the bank they’re not going to settle for pennies on the dollar.
But seriously, I thought you were going to pay the debt off in full? At least that’s what you’ve consistently said. And now you gloat about the prospect of settling for pennies on the dollar. You know you never intended to pay any of that debt back.
I have too much respect for humanity to believe that someone would pay $100k for this blog.
June 22nd, 2007 at 10:17 am
A $100K would make a pretty good retainer…you will need that plus more, when the Feds. come after you!
Oh, yeah…pay every dirty penny that you stole.
June 22nd, 2007 at 10:18 am
“Sell My Foreclosure Blog for $100,000?”
If you do manage to do this, can you let the person you sell it to know that I have some boxes or sweet passive air I’m willing to let go for a reasonable six figure sum?
June 22nd, 2007 at 10:18 am
F-all…..I am hoping this is a coincidence, but as soon as I hit “Submit Comment” on my prior comment, and flipped the ol’ browser back to E-trade….the site was down.
You didn’t somehow manage to steal my money, did you Casey?
Or, maybe CashCall is doing some of that Friends and Family collection I’ve heard about.
Note to CashCall: please free up my E-trade account, I am no friend of Casey!
June 22nd, 2007 at 10:20 am
I though you were already selling this on myebid? The current bid there will leave you with over a mil. It’s a tough choice…wait 9 days for a mil, or sell now for 100K. Hmmm, what to do, what to do?
/submits comment and exits Honah Lee
June 22nd, 2007 at 10:22 am
Reality Check:
1. The $100,000 “offer” is as flaky and bogus as can be, and has all the bright potential of his earlier business ventures.
2. The prognostications about the rosy future of the blog are all pie-in-the-sky dreaming, as usual.
3. You can always tell the complete phoniness of a post when at the end he states “Well, maybe I won’t do it at all.”
4. Isn’t he supposed to be moving today? Wouldn’t that be the real update?
June 22nd, 2007 at 10:33 am
36. GC
June 22nd, 2007 at 10:13 am
…or CashCall will be posting a big “Repossessed” banner right on top your ‘getting saved’ logo.
I think a “Foreclosed” banner might be more appropriate.
Love,
Hater
P.S. Get a job!
June 22nd, 2007 at 10:39 am
I wouldn’t ever sell before you prove your value. You’ve got a huge following, and a huge moneymaker here if you just do it right.
Why sell for $100,000 when you can bring that in passively every single month?
June 22nd, 2007 at 10:42 am
I agree with the person above: do the exact opposite of whatever you think you should do. If it were me I’d sell the blog and get all my creditors together in one room with a bankruptcy attorney to discuss how they are going to split up the money earned from the sale and discharge as much of my debt as possible in the process. Assuming you can discharge most of it you might even save your marriage. Chasing another get rich quick scam is just going to dig you in deeper.
June 22nd, 2007 at 10:42 am
Start a corporation - a fresh one, not this existing one with a questionable past. Capitalize your new corporation with this blog. Sell some shares to angel investors, build up the blog, hold an IPO and go public.
You’re from near the Silicon Valley area. Don’t you know the well-worn path to success here?
June 22nd, 2007 at 10:56 am
You are on a roll Casey. Hot, hot, hot, that’s what you are. I think that you can make way more than $100k from this blog.
June 22nd, 2007 at 10:59 am
Let’s be honest: no one in their right mind would ever buy this site for $100,000 as a ‘foreclosure’ site - regardless of ad revenues or page visits. Everyone who views and responds to this site visits it for the sheer entertainment factor. There is absolutely NO useful information regarding how to prevent foreclosure, the different options homeowners have, their rights and options, etc. Have you even attempted to help the homeowners who were dumb enough to email you? I thought that was the point of this site - to help people prevent making the same mistakes you have???
I’ll admit, this is the best bit of internet marketing I have ever seen. You have done an incredible job organically generating the ‘buzz’ for this site, and I have to applaud your efforts for that. It’s not easy running a three-ring circus on your own - but you have been able to fabricate act after act, leaving the audience on the edge of their figurative (and literal) seats.
However, the second YOU stop blogging - you will lose ALL readership (aka - the perceived value to your prospective buyers). NO ONE who CONSISTENTLY visits this site is in foreclosure. Your true patrons are the ones who come to see the freakshow day after day. This site has never been, and will never be, a foreclosure prevention site.
So I say keep it. If you are actually generating some kind of income from companies naive enough to pay you - more power to you. But this is a classic example of how ‘page views’ and ‘multiple clicks’ don’t mean crap when your audience ISN’T IN FORECLOSURE!
June 22nd, 2007 at 11:02 am
Sell the blog.
Start another….
Chapter 2
June 22nd, 2007 at 11:06 am
what happened to “paying back every dirty penny?”
June 22nd, 2007 at 11:14 am
Sorry, this blog is worthless. The only people who leave comments here are people who are far too smart to buy anything advertised on this site.
Get a job.
asw= “investor.” Yeah, you can play one on TV for 15 minutes… or, now, since we have the Net, somewhat longer before someone pulls the plug on your sorry a** .
June 22nd, 2007 at 11:18 am
So the IAFF auction on myebid is real then.
http://www.myebid.com/cgi-bin/.....ingID=4046
You should link to it and tell everyone, I bet you would get more bids and you can sell it for way more then $100 grand. Stop trying to keep it a secret we’ll still respect you.
June 22nd, 2007 at 11:20 am
Oh wow! I would not take that offer, you could sell this blog for alot more, as it is very popular. Maybe you should like about it for a little while, Casey.
June 22nd, 2007 at 11:25 am
Casey, what would you do once you sold it? Just curious….
June 22nd, 2007 at 11:31 am
The blog income you get should be close to your passive income goals. Why give away a piece of your gold mine? Seriously Casey, besides the blog, what kind of consistent income do you have? You need to learn to stick with what works!
June 22nd, 2007 at 11:43 am
Sell for $100K and
1) invest for $5K income per annum ($833 a month).
2) Or retain, keep the “equity” and earn $10K per month.
hmmmm?
Answers on a virtual postcard please to icantaddup at moneymoron dot com
June 22nd, 2007 at 11:45 am
Sure, sell it for $100,000, then buy even more then $100,000 worth of penny stocks using a margin account, then just wait for those penny stocks to become dollar stocks, and you’ll be rich on sweet passive income.
But seriously, if you can make $6,000 a month on advertising, you’ll make $108,000 in 18 months, with a continuing income stream, so why would you sell the blog for $100,000 and then have no income stream?
It doesn’t matter, whatever happens, you’ll figure out a way to screw it up and end up deeper in debt. You always do.
June 22nd, 2007 at 12:05 pm
Knowing you, you would dump the money into some scam and lose it all.
Agreed. As Nigel and others have noted, that 5% per month ‘fund’ is NOT legitimate and you will lose all your $ if you invest in it. But hey, feel free to go ahead and try it.
Plus — as was pointed out in Declan’s interview — as an almost-broke blogger, you’re essentially judgement-proof. If you sell the blog for some real $$$, your creditors will be lining up the lawsuits to get their hands on your windfall. The only way you could keep the cash would be to stay out of the US indefinitely and to have the money paid into an offshore bank.
Good luck with that.
June 22nd, 2007 at 12:07 pm
I’m working on a book too. Its called How I Turned a Million Dollars in Real Estate into $500 Cash!!!
FK
June 22nd, 2007 at 12:10 pm
dude,
in a third world country you could live good on 100k
we all know you don’t want a JOB or to WORK
get a life — hopefully not in the US
June 22nd, 2007 at 12:21 pm
Good luck Casey!
June 22nd, 2007 at 12:37 pm
Casey,
Things are starting to roll your way; your patience has finally paid off. You need to cash in now while the buzz is good. Roll that money into that investment plan you have with a 5% monthly returns. Also put all your book money into the 5% monthly returns thing and try to roll as much of the returns back into the investment plan to increase your principal. With a little more patience you can have that passive income working for you full time.
June 22nd, 2007 at 12:41 pm
I wonder if you’ll share your earnings.
Anyway,
You DO know this blog is about your disgrace, right? The moment it turns into a “foreclosure resource”, you’ll loose™ 99% of us.
There’s no way this place is worth your asking price - unless you do something like “The Running Man”, where you are trying to elude justice while blogging about it, and charging $30 to participate… oh, damn. I just gave you a new business idea.
June 22nd, 2007 at 12:47 pm
I have a bridge I’d like to sell you. It’s totally sweet! Call me!
June 22nd, 2007 at 12:49 pm
ONE
HUNDRED
THOUSAND
DOLLARS!!!
Think of something your really really would like to
have now. Maybe a BMW, a boat and motorcycle, or
a small airplane, or all the new computers, plasma TV, Ipods, clothes anything you want!
TAKE the MONEY and RUN NOW!
A bird in the hand is worth (a hundred thousand) in the bush.
CASH in BEFORE it is TOO LATE!
June 22nd, 2007 at 1:08 pm
More fun with domains: iamfacingsuccess.com ?
June 22nd, 2007 at 1:10 pm
100k for this blog, 10K/month blog income, 5% per month in a sweet equity fund, cmon Casey brokering casino deals was a more realistic plan!!!
June 22nd, 2007 at 1:20 pm
Casey,
Here is what I am seeing. I have been lurking here for months. If you have your debt and then people come after you for the difference and your asset is this blog I am sure some Attorney will take a good look. Also where do you stand with the book deal? Aren’t you in some agreement with the publisher?
Partial rights? Partial Sale?
Keep the blog. Keep baiting the haters. They love it. If its income then I would work on getting some income. Look at other alternatives of cashflow. Network marketing good.
June 22nd, 2007 at 1:32 pm
CASEY!!! Don’t do it!! Do not sell the blog yet!! You will be making great money from it and you could possibly make more than $100k
June 22nd, 2007 at 1:39 pm
Alexa rank is a B.S. thing, it requires the user to install spyware on their machine. Alexa rank tells you how well-read your site is among people who will click yes on any message box and/or don’t have updated antispyware.
I work at a web-2.0 company and some of the execs have a big hard-on for Alexa - yet our antivirus software uninstalls it. It’s easy to game Alexa as well, get your Supporterz to install it and you’ll see your rank move up.
If you can get a hundred grand for the blog apply to stay in Oz under an investment visa. Your US credit won’t follow you there.
June 22nd, 2007 at 1:39 pm
Casey:
Hold out for a Million…
Only a looser gets 5% a month you should get at least 10%…
June 22nd, 2007 at 1:44 pm
Well lets make a couple of assumptions:
1. That someone is willing to pay you $100,000 USD for this website.
Now that you have $100,000 you can have the following results:
1. Law suits from every Tom, Dick and Harry to whom you owe money.
2. Splitting the money 50/50 in the case of divorce. It would be pretty hard to hide the money after the amount of advertising you have been pushing “I can get 100,000 for this site”
3. Spend the money on attorneys (criminal and civil). That much money will be long gone before the lawyers are done with you.
If you manage to find an investment fund that pays 60% per annum (High risk hi yield): After taxes you would still not be making enough to keep up on your debt payments.
June 22nd, 2007 at 1:49 pm
@60 JOHN
Becuase hes too damn stupid to put a pencil to paper and figure this stuff out … as well as being too lazy to keep selling the spots. … Our freind Serin is all about Instant Gratification …. its such a sad day in Bloggsville … It truly is.
June 22nd, 2007 at 1:58 pm
Oh, and another thing. Let’s play pretend for a second, and assume the following:
1) you sell the blog for $100k.
2) you settle all your debts for 1%, i.e. 1 penny per dollar.
Things are great, right? Not quite. You see, you owe Federal and State taxes on that $100k, just like those W2 suckerz.
It gets worse. That settlement? That’s a taxable write off. All of those collectors are going to send you a 1099 form for the remaining 99% of the debt because that is income for you, and you have to pay taxes on it.
Oh, and the foreclosures, short sales, etc.? Most of those probably incurred taxable liability. I’m not positive on that one, so I’ll let it pass. I’d also guess that getting money back when you buy a house is also considered income, so you may well owe taxes on that income as well.
If you think CashCall is annoying and mean…wait until you meet the IRS. They are a little like terminators. They absolutely, never, ever stop until they get their money. You can’t file bankruptcy to avoid tax debts either. And if you flat out don’t pay, or, hell, just don’t file in time? You’re going to Club Fed for tax fraud.
June 22nd, 2007 at 2:03 pm
Oh dear, I forgot to mention this one.
Every penny of advertising money you’ve received? Yeah, that’s income. Better prepare to pay taxes on that next April.
Same for AdWords. Google will send you a 1099 for that income in January, and they report that to the IRS. Don’t claim it on your taxes? Well, you might get away with it. They’re not real computerized there.
But you see, returns like yours? They get the special look, and once something, anything pops up as a red flag? You get audited. At best, you pay taxes, back taxes, and a penalty. At worst? You go to jail.
Believe me when I say you do not want to f-with the IRS.
June 22nd, 2007 at 2:11 pm
Do the math; anything yielding 5% monthly is yielding 1.05^12 = 1.796 or 79.6% yearly. You’re not going to find that for your 100k. 5% yearly on 100k is 5thousand for the *entire* year. Oh, wait that’s right, you do your math backwards - you want 5k a month, so you just assert that it can be done on 100k, and initially think, “Wow, that’s only 5% - I hear that one can *relatively* safely get 8% with 100k.” But the 8% is yearly. There’s a *big* difference between yearly and monthly. And even that 8% isn’t guaranteed.
Risk is part of the deal - with no risk, one will get something which doesn’t even keep up with real inflation. To get the 8% yearly, you’ll have some risk. Note; it’s not just a risk of making less money, but a risk of losing money. If you’re 100k investment goes south and you walk away with 60k, that’s a lot less to start your passive income dreams. You’d need to find a fund yielding 8 and a third monthly, or 261.3% yearly! For that, you might have to abandon your hope of a mutual fund and chase your arbitage dreams
.
But hey, keep your eyes bright - bear sterns will probably be needing new fund managers as they’re probably inches away from ending up with huge realized losses; maybe they’ll hire you! At the very least, they’ll invest your money, and maybe promise you a potential 80% yearly gain (with a 99.999% chance of losing it all, but ignore that - go for the gold, it’s not like you’ve ever considered risk before).
You’re one step up from being a slot jockey in vegas, pissing away any jackpot you win in hopes of winning more. You need to learn, study, network and be a bit lucky. You have done more networking than I, and you’ve pretty much exhausted your good luck (altho I bed you think it’s bad), but you only have the most shallow of any comprehension about what’s going on. You’ve pissed away most/all good that you could have gotten from your luck and networking, and now you’ve just got some dying momentum. The jig is alsmost up. My dog (and I’m talking about the dopey lab, not the intelligent beagle) has as good of a chance of generating 5k a month from 100k as you do. Heck, she might have a better chance - she’ll just pick randomly, rather than intentionally deluding herself into buying some fools gold, or helping out the underground Crown Prince of Nigeria.
Take the 100k, go to vegas, gamble it all, then call it quits. There are two types of dreamers; there’s the plotters, and there’s those who live in pure fantasy. You live in fantasy.
June 22nd, 2007 at 2:20 pm
CASEY MADE UP THE $100,000 STORY, NO ON WANT TO BUY THIS BLOG FOR $100,000
ITS OFFER IS ONLY $100.000 (ONE HUNDRED)
PLEASE MAKE SURE THE PERIOD IS AT THE RIGHT PLACE.
YOU ARE ALL FOOL TO BELIEVE IT.
CASEY SCAM YOU AGAIN ~~ HAA
YOU BIG FOOL
June 22nd, 2007 at 2:30 pm
Upon further review, I have decided not to extend my advertising thru this website. Please feel free to remove my ad as soon as possible.
Good luck to you.
Bruce Collins
June 22nd, 2007 at 2:38 pm
Casey,
make that 3rd NRU sale yet?
my guess be not
June 22nd, 2007 at 2:47 pm
That is such a dumb comparison.
Of course when you compare his NET income with Cali’s GROSS median income it comes up short. That’s apples to oranges.
June 22nd, 2007 at 2:47 pm
Hi Casey
that high-yield fund sounds like an interesting proposition. I’ve got the better part of $60,000 sitting in short-term deposit which I was considering moving into commodities, but this sounds like a better deal. If you can get me the details of this fund I’d make sure I passed a reasonable commission your way (say half of the first month’s interest), if I sign up.
Yan
PS before you ask, no I’m not interested in the website, I have 0% web savvy to leverage so it wouldn’t work for me.
June 22nd, 2007 at 3:21 pm
Take the money and run!!
http://www.icantsellmyhouse.blogspot.com/
June 22nd, 2007 at 3:32 pm
No reputable investor would tell you they have a shot at anything close to that. Anyone spinning tales like that is a con artist, period.
June 22nd, 2007 at 3:34 pm
Hey Kid:
Where’d the Yahoo Ads go?
And where’d my couin Sharky Laguana’s link go?
In all truthiness, thsoe were some pretty pimp vans he was renting.
And what’s up with the “only 13 links left!” jive?
There were 13 links available this morning…I thought they were “selling like hotcakes”.
Wasn’t there some kind of “cast of thousands” lined up in cyberspace with their bottles of snake oil, pig-shampoo, rubber sex-toys, pneumatic penis lenghtheners, farm livestock, political manifestos and other val-yoo-a-bull warez that they were just ITCHIN’ to hawk from your site?
Where did they all GO?
And one last question, hobbit…
What’s with that picture of you climbing a tree?
Have you taken a vacation from yourself?
Did you snap under the pressure and are now buggin’ that you’re some kind of metrosexual koala?
Tonight’s assignment: define “Community Property” for us loosers.
asw: cashflow
(Hiya Toby!)
June 22nd, 2007 at 3:37 pm
Currently, you can earn somewhere between $72 and $120K a year with this blog, so it wouldn’t appear that selling it for as little as $100K would make a lot of sense. However, you have to consider that once you’re out of debt or on the road to being out of debt you’ll probably lose a large portion of your audience. It might be worth about as much now as it will ever be worth.
June 22nd, 2007 at 3:42 pm
I find it highly unlikely that you’ll get 100 grand for the blog. If someone is silly enough to offer you that much, request cash only and hide it under your pillow every night, because there will be a piper to pay for what’s gone on with this whole story and by then the blog will either be seized as an asset, shut down or WAY past its prime.
Take the hundred grand in cash and hide it away as well as you can. You think you’re going to just go on your life as normal and “move on to the next thing?” Not so much, buddy. Sell the blog TODAY, and start another one. Easy as that.
One more thing: if someone else owned the blog and you continued writing for it, wouldn’t that make you an employee? Would the new owner be so kind as to furnish you a W-2, just for fun?
June 22nd, 2007 at 3:51 pm
Yet another blog post where you are baiting your readers. I must say you’ve gotten so much better at this in the last several weeks. In fact, Casey, you are a master baiter!
June 22nd, 2007 at 3:54 pm
John wrote:
> if you can make $6,000 a month on advertising, you’ll
> make $108,000 in 18 months, with a continuing income
> stream, so why would you sell the blog for $100,000
Because in 18 months nobody will be buying ads on this sinking ship?
June 22nd, 2007 at 3:56 pm
Casey,
Sell the blog and buy my magic beans with the $100,000.
You will be rich beyond your wildest dreams.
June 22nd, 2007 at 4:02 pm
For all you newbies, make sure you can differentiate between all the “shark like” people in the story:
1. Sharky L
He used to be an advertiser at IAFF. Cool guy. He did critisize Casey but he at least used his head and attempted to utilize IAFF traffic to raise his SEO ranking. Those were some “sweet” rides sharky. Hope you will stick around IAFF commenting.
2. CHJTS(Casey Has Jumped The Shark)
He is a hater but not an “extreme” hater as he puts it. Cool guy too but has these angry bouts that can be a little weird. He is a “wannabe talk” host. But I must say, he is not half bad at it.
3. Sharky
This character is one scary dude. Don’t let his seemingly fatherly “lil hobbit” posts fool you. He is worse than the average hater. He is the real deal. He actually said that he does have a W-2 job that he hates. I think he lives in a shack in the woods somewhere down south and tortures lil animals for fun. If you ever listen to the second haterzCast you will see what I mean. If you see him anywhere, run for your life!!! He is the kind that won’t kill you right away anyway. He will chain you in his basement for a day or so while he catches up on his IAFF and EN posts.
June 22nd, 2007 at 4:02 pm
I offer $200,000 for your blog.
$200,000 of magic beans.
June 22nd, 2007 at 4:04 pm
Casey,
You are too smart for real estate. You should be investing in stocks. You could do much better than monthly returns of 5% or more.
June 22nd, 2007 at 4:23 pm
NO SELLING!!
If you can take $10k from this blog, some financial calculation stand that this blog worth at least $400k only regarding the actual income… considering other related possible related business (intangible assets) this blog has… this blog must be worth at least $1 million dollars.
would you sell it for a 100k? it’s ridiculous!
Those that offered tu buy “a part” of the blog, they’ll exploit you because you’ll be the one that will work on this blog.
No, to those that offered to buy “a share” you must counter offer them an “strategic parthnership” to develop other related business… BUT NO SELLING, NO SELLING EVEN IF THE BUYER IS KIYOSAKI.
Kiyosaki may KICK YOUR A** a thousand times if you sell your cash cow.
June 22nd, 2007 at 4:26 pm
$10k of semi-passive income is equal to 5 houses. Would you sell your 5 houses for $100k??
YOU ARE NUTS!!!
June 22nd, 2007 at 4:42 pm
Casey:
I can understand you selling the entire blog to somebody for a set amount. That’s the least dumb idea you’ve had for a while.
But “equity?” Are you kidding me?!! Who the heck would want to enter in any kind of contract with you at this point for some kind of private equity stake in this blog? Do you even have two cents for a lawyer lined up who could draft the necessary paperwork? Not to mention the fact that when it comes to honoring contracts, you could use some serious reputation rehabilitation on that front! No way, dude. At this point — given everything that’s out there about you — you best be setting up transactions with as little need for buyer trust as possible.
Here’s the problem as I see it: I think you seem to believe that a fiduciary instrument can exist without being backed by reputation and trust. You best be honest with yourself right now and understand that in any of your business dealings moving forward — reputation and trust is not anything you are prepared to offer anyone, and it’s partially the reason your credit score is where it is. Understand that and plan accordingly, and work to get both those things back, because without either — in the business world and in the personal world, you are lost.
June 22nd, 2007 at 4:54 pm
SELL! SELL! SELL!
Then do three things:
Open a new BLOG and start over. Your first blog created $100k, what will your second one get?
Don’t pay your debts! Hold off for a year or two! The ones that take you to court, agree to pay the principle plus a very modest interest of 5 to 10%/year. The ones that don’t take you to court, settle for pennies on the dollar. This is what my sister did. She settled for between 35 to 55¢ on the dollar. The ones that sued, she agreed to pay in court and the judge only made her pay the principle plus 3.5% interest a year (Much less then the 15 to 36% interest rate they were charging her).
During the time you hold off on paying your debts, turn it into more money by investing it! If done right, you could easily turn $100k into $500k in two years.
She then would take out secured loans and repay them in 3 to 6 months. Often times she’d piggy back the secured loans. She’d secure a loan at bank1, deposit the money at bank2, take out another secured loan, deposit the money at bank3, take out another secured loan, put that money into a money market and then pay it off after a period of time.
Because she did all of that, she cleared her debts and got a 760 credit score after only 5 years. If she did the bankrupt route, it would have taken 10. Plus she’s now worth nearly a million $$$!!!
June 22nd, 2007 at 4:57 pm
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June 22nd, 2007 at 5:00 pm
Surely if you were to sell this blog and start a new one all the trainwreck watchers (98% of the blog’s audience) will stop reading IAFF. This blog is worthless without the trainwreck.
June 22nd, 2007 at 5:33 pm
Hmmm, you could pay bills or invest it. Oh, did you forget the other option–travel the world.
cashisking–I think they had a show about someone who couldn’t do anything very well. It featured the one, the only Paris Hilton and her side kick Nicole Ritchie. It didn’t do too well.
June 22nd, 2007 at 5:39 pm
why would someone buy your domain when the
www.iamfacingbankruptcy.com
is being auctioned off at godaddy for much less??
June 22nd, 2007 at 5:40 pm
After all this time, you arent learning anything.
Of course you can settle debts “for pennies on the dollar.” And no you dont need to pay someone to do it. Just like you didnt need to pay anyone for real estate bootcamp, corp credit,etc.
Do you just love paying “gurus” for NO REASON?
And, 5% a MONTH?
With 100,000 you are lucky to get 5% a YEAR pre-tax- at least when you consider remaining fairly liquid and safe.
The 100,000 will NOT provide passive income.
The way I see it, you either sell for 100,000 and get a job ( a must in this scenario)/ Settle your debts for 20-30% or so and be done with it. Go to work for the next several years and get used it.
OR, keep the blog and get the $5000+ month from advertising and milk it for all you can.
June 22nd, 2007 at 5:48 pm
Do you personally own the blog, or does your corporaton? Hopefully the corp does, so the funds would be out of reach from creditors.
June 22nd, 2007 at 5:54 pm
I don’t honestly see how you could sell a blog that was generating 10k+ per month. That is 120k a year!!! Do you really think that selling for what your blog would generate in a year is smart?
I’ve always been a supporter, but Casey, think this one through. You can generate close to 10k a month and this blog has just begun to see success, imagine if your growth numbers continued at the current pace. Think of what your blog could do in 6 months!
Give it time Casey… Don’t sell yet
–The Dude–
June 22nd, 2007 at 6:08 pm
More power to you if you can sell your blog for 100k plus.
June 22nd, 2007 at 6:40 pm
Casey, yet another blog devoid of any ACTUAL connection to reality. Im confused over what you think you will be selling - this site doesnt provide anything expect an insight into your bizzare interpretation of reality. I think you are throughly confused over why people visit your website - it isnt to get your business advice, and I am sure for most people they dont come here even to learn about foreclosure, it is interesting to people to see someone who consistently ignores reality. That is the value of this blog, which really has very actual limited value.
You have obviously learned nothing. Even at the possibility of being able to pay off your debt you are trying to see an easy way out rather than own up to your responsibilities…
June 22nd, 2007 at 6:44 pm
people talking about making money from the blog vs selling for 100K have no clue.
first of all, being able to make 6K this month doesn’t mean he’ll be able to make it FOREVER. for the first month or two, maybe (unless he shuts it down again). then everybody gets tired of this story and people move on.
second, you folks ever heard of DCF, NPV, EVA? go look that up, maybe you’ll learn something for a change.
having said that, casey is obviously trolling. he has been for a while. foreclosure story is over. houses have been foreclosed on. family problems. ok, boring. now he is running from the law. great. what else can we troll about? oh, book deal. ok, next? let’s talk about selling blog for 100K maybe?
where is the substance? anyone?
June 22nd, 2007 at 6:49 pm
GOOD GOOD GOOD!! VERY NICE STUFF!!!
This is great news… This is the post I am waiting to see.
Sell the blog. $100K is more than I would value this blog at. Its a good deal… Take it. I am happy for you to have made such a big dent in your debts in such a short time with this blog.
$10K a month is wishful thinking under optimal conditions with alot of assumptions. Plus, there is time value of money to consider. Definitely SELL.
If you don’t sell, you don’t know how long you can keep up the traffic… which seems to be dwindling after your last foreclosure. 5 years is an awful long time on the internet with alot of work…. better to have cash now. (Look at all the online trash that was once of value… like hampsterdance or savetoby and such….. when they die, they DIE…. ).
The marketing value of your whole episode is not with IAFF… it is with Casey Serin, and you get to take that with you after a month when you leave for good…. Sell IAFF for the 100K which is a very good deal.
The site will pretty much die off after you leave, but the new owners would probably account for that already.
Good job… Glad to see you found that silver lining.
For the rest of us, it will be a good closure to this whole episode.
You can start anew on a different media or communication medium and address a new crowd to further monetize your recognition.
-From an Ex-hater-
(By the way, the reason why you have haters is that you created them yourself… You did this by mocking what these people hold dear.. Which is hard work, perseverence, family value, education, financial sense, and sense of responsibility… You pretty much made a joke of these values we hold dear… this is why you were hated. It’s not that big of a surprise so don’t act like you are shocked…
You should never complaint about them.. they gave you more opportunities in the long run and will be instrumental in you getting back on your feet… including what is happening right now with these offers.)
June 22nd, 2007 at 6:53 pm
Aww crap…
I just saw Myebid….
I hope you were not referring to that as far as offers for your blog…. Those bids are all fake.
I hope you got a real offer somewhere.
June 22nd, 2007 at 7:04 pm
“Business.com” is being sold for about 300 million or so. It was bought in 1999 for 7.5 million.
Your blog is a bargain. Do not sell it.
June 22nd, 2007 at 7:14 pm
Casey,
5% ROI/month is 60% ROI/year. NOTHING can provide that kind of return. If it was possible, we’d all be doing it.
June 22nd, 2007 at 7:36 pm
With $100,000 you can go on an extended world trip to publicise your blog and your book! and get even more return from it!
Itsallgood! = NoWorries,Mate!
June 22nd, 2007 at 7:46 pm
Casey, you’ll be lucky if this blog lasts six more months. Your only hope is to sell now, or sink deeper into the depths of depravity. There are some homo-erotic overtones to this blog. If you’re serious about lasting into next year, perhaps that’s an avenue of escape for you.
Come on, we know you want it.
June 22nd, 2007 at 8:06 pm
Yoy are way too greedy—no way you could earn 5% per month — just no way. Also, your greed is showing when you say you could invest the money instead of paying you debts. Face it, you are all talk and have no intent to repy any of the money that you borrowed.
June 22nd, 2007 at 8:31 pm
Casey is clearly looking for a Greater Fool.
He’ll be looking for a long time.
June 22nd, 2007 at 8:32 pm
a 5% return on $100,000 is only $5,000 NOT $60,000. think about it a bit more!!
do some research into what a business is worth.. if you could earn $10,000 a month, why would you sell it for 10 months takings? thats daylight robbery
June 22nd, 2007 at 8:40 pm
furthermore!
Don’t Sell Your Intellectual Property! find someone who can advise you about your IP and dont get jipped
June 22nd, 2007 at 9:34 pm
Casey,
It’s good to see things are starting to work out for you. Hang in there and keep it up. Forclosures are rising and so is your website on the Google search engine rankings.
June 22nd, 2007 at 9:46 pm
Sell it you retard! I’m sure that you’ll somehow screw it up but if you can get 100 grand for the blog sell it now.
June 22nd, 2007 at 9:53 pm
I’ve read through the bulk of the comments and agree with many comments:
1. The revenue from Sweet Links (12 * $150), Premium (3*$500), and Adwords potential you mention ($1,000) is $4300 a month-that’s $54K a year right there. (As you suggest, it may be possible to sell out the Sweet Links/Premium spots: but being conservative here.)
2. The blog represents perfect opportunity to sell your book. I don’t know what your cut is of the book deal, but your casual mention of the book over time.
3. Much of the value of the blog is you and your personality. (You must understand that people don’t come here to discuss foreclosure). If you leave and start another blog, that value walks out the door.
There is surely some residual value to this site. But would expect the new owner would experience a serious decline in traffic. So $100,000 is a bid that recognizes this.
3. As other people have mentioned, 5% a month on your equity fund seems on the high side. If you can make 79%/yr. in equities passively, real estate is the wrong business for you.
June 22nd, 2007 at 10:09 pm
You keep saying over and over again that you want to make IAFF a foreclosure help site. If that’s what you actually want what are you waiting for? Start helping people, soliciting questions, and providing well-researched articles or links to such articles. There comes a time when you’ve just got to pull the trigger and set things in motion.
Wait, I see the hitch. Becoming a foreclosure expert requires work and knowledge, my bad. At least it sounds good to say that you’re going to help a lot of people. You’re too lazy to even moderate the comments on your blog.
There’s no such thing as truly passive income. The closer it is to passive income (like returns from a savings account or a T-bond), the lower your return is. Your quest for truly passive income is as misguided as trying to make a perpetual motion machine. You don’t ever get something for nothing.
June 22nd, 2007 at 10:12 pm
Casey,
handle your business. I have to respect someone who is going through as much adversity as you have and still maintaining his composure. We are similar in age, and I am entrepreneur myself who shows people how to build multiple income streams. I guess you can say I was hating a little bit. But I am switching sides, I can’t stand negative energy in the first place. I wish you the best. Gid bless.
June 22nd, 2007 at 10:15 pm
@SharkyL:
Hey, cuz!
How ya doin’?
Why ain’t your link right on up there with the rest of these “Johnny Come Latelys”.
You’re an OA, Homes! (Original Advertizer).
And…you’re the ONE peddler who has something of value to market.
Those are some pimp vans, bud! If your ops were anywhere near me, I might rent one of those sleds for a spin.
So what’s up?
All the reasons you gave us in round One of the Link-Love Fest, they still hold up and even more so now in round Two, don’t they?
Or is your mouth saying one thing while your wallet is doing something else?
(We know THAT shuck and jive ’round these here parts.)
Anyway…good to read you.
Hey…see if Master the Murse-bearer will cut poor Toby the Comment Coolie in for a taste of his cray-zee blog monetization, wilya?
Toby wading through all the dreck for free just don’t seem right.
June 22nd, 2007 at 10:39 pm
Hey Casey
you look like you’re on the right track to financial success there!
http://www.phobble.com/scenes/show/39
June 22nd, 2007 at 11:28 pm
I remember when just a cool URL with any traffic would sell for $10Mil. If you can turn this into a business, you could get much more, hell if you are making $10k/month from advertising, you selling for less than 1 times earnings. that would be way foolish.
June 22nd, 2007 at 11:51 pm
Casey,
The get rich quick mentality is what got you into this. Maybe you should give a second thought to the legitimacy of equity funds promising 60% per annum returns.
Please let us know the name of this supposed equity fund and the manager?
June 23rd, 2007 at 12:34 am
This is a joke, right? Your blog is raking in $6,000/month and you want to sell if for $100,000 in order to make “passive income” of 5%?
Listen Casey, that 5% is only $5,000, less than you make now. Further, there’s no investment in the world that will net you 5%/month without substantial risk and lots of leverage. Of course, you have plenty of experience with that.
In short, you’d be an idiot to sell. Truly, a total idiot. I suspect that you know that. I hope that you know that. I’m not a “hater.” This blog has turned into self-parody of the silliest kind, and I just don’t buy it anymore. You’re outright making stuff up to generate controversy and it’s lame. I’ve followed your saga for over 6 months, but I doubt I’ll be back. It’s just fiction at this point, and poor fiction at that.
June 23rd, 2007 at 12:53 am
Never mind all that pie-in-the-sky fantasy (5% return per month? Yeah, right) - how about answering some of the questions that people actually want to know the answers to?
Such as:
1) When you said CashCall was bluffing, what did you base this assessment on? (Especially given CashCall’s reputation chiefly stems from the fact that they generally don’t bluff)
2) When you heard that CashCall was threatening someone very close to you and said that you’d “look into it”, what did you actually do?
June 23rd, 2007 at 2:48 am
Hi Casey, I’m glad that some of the actions you take are helping you to create asset, this blog, that has value. As they say, if life gives you lemons, then make lemonade and sell it.
Hope that it works out for you.
Ed
June 23rd, 2007 at 6:42 am
Holy sh*t Casey!!! If you just had a penny and the current bid for your site ($9,999,999.99) you’d have TEN MILLION DOLLARS!!!!!!! You lucky bastard.
June 23rd, 2007 at 7:15 am
1. where did you come up with 2 large and why is it in bennies on your computer?
2.why would you sell the blog if you can keep it and have 100,000 in 10 months (the investment thing was never really your strong point)
3. why does the passive income have to come right now? oh yeah, you are afraid to get a job
if you would just sit back and let it ride for a while you may end up with a good deal. however, if you take the money, make a sweet, juicy, deal you will lose the blog, the money, and a lot of time. you really are not good with the juicy deal thing it tends to f*** your situation
June 23rd, 2007 at 7:18 am
He is baiting everyone again….I’ve never seen so many dumb posters.
June 23rd, 2007 at 7:47 am
Hey Casey (?)
Whatever happened to Cash Call, credit cards, etc? Can we expect an update in the next few weeks?
I know you can’t get your mail at the moment, but aren’t you a little bit curious as to how your creditors are dealing with this?
A “turd on the run”, as the song goes, is an interesting enough story. But I personally read this for the CHASE scenes! Are they coming after you? Are they harrassing your friends and fam? Is the stack of mail about to collapse and kill the cat?
This blog has become a big black hole - no real info from you about the chase. No massive action. No nothing. Not sure if this is because Casey isn’t actually writing the posts, but regardless of the reason, its getting even more bland.
(btw - looks like you might want to cut the number of sweet links back to ten. Also appears the “Supporterz” are getting a much better deal…why would anyone sweet link when they can “support” for much less money. You have finally found a greater fool!! Now if you could only find 13 mores….)
June 23rd, 2007 at 7:48 am
Where the heck are you going to get 5% a month? 10% annual is good. You’re just repeating the same mistakes and just substituting stocks for RE. Just because the market has been good, that doesn’t mean that returns like that are a birthright.
June 23rd, 2007 at 8:10 am
Casey, why waste your time on looser returns like 5% a month?
Don’t you realize that 5% a week is even better?
June 23rd, 2007 at 8:30 am
how is your sweet passive outflow doing?
you know, on your debt?
oh by the way, I bid $552,000 for this blog.
you just need to invest it in my grand scheme to generate passive income for everybody in the world!
yes you could be the world’s greatest filantrope! bigger than Bill Gates and even bigger than Koolaidsaggy!
June 23rd, 2007 at 9:14 am
Don’t sell your website. A lot of people enjoy reading your blog and who knows, it could be worth a lot more if you hold on to it longer.
June 23rd, 2007 at 10:31 am
Anyone with any common sense knows you will not sell the blog, but for some reason there are people on this blog who still think you are actually on the fence about this. Anyone with a few brain cells should know you are going to milk this thing ‘ad infinitum’, like a perpetual sacred cow.
The bids on myebid are obviously fake. Now we have a bid tapped out at $9,999,999. (Interesting, I see in a search for ‘Michael Holland’ that there is a bankruptcy and real estate attorney in Santa Maria with the same name. Could it be an around-the-way method of getting leads to his site?)
June 23rd, 2007 at 10:32 am
Casey,
Back to assuming you can get the 100,000.
So your tax returns for the 2007 fiscal year would look like this:
Income (Cash): $100,000
Income (Ads): $45,000 (being generous here)
Income (Foreclosures and forgiven debt): $1,800,000 (Magic 1099 forms from Banks-you’ll see those Next January)
Total Income: $1,945,000
Assuming you have no major deductions you will owe taxes on that whole kit and kaboodle- you would owe 35% on that so you would owe roughly $680,000.
If, per chance you don’t get the 100,000 from the blog, you would only owe $646,000 to the IRS. If you get the 100k, I would just turn it over to the IRS the moment you get it.
Eventually the IRS will just flag you at all points of entry and then have you picked up next time you try to reenter the country.
June 23rd, 2007 at 10:50 am
SELL! SELL! SELL! SELL! SELL! SELL! SELL! SELL! SELL!
Use a good chunk to pay of the credit card debt of “you know who.” That will at least clear your conscience a bit I think.
Another chunk to resolve or work on any debts that may result in any legal issues from transactions that may be considered fraudulent.
Stay on as a guest poster on the new format of IAFF if you can. Or set it up to receive revenue from this site in some way. They will need you for a while anyway. After all ,YOUR story is the main attraction to IAFF at the moment.
Eventually the audience will shift to people that ARE actually facing foreclosure and need help.
Then later you can link from this site to your new blog when your life starts to get back to normal. With that one you have to set limits from the get go and devote only a specific amount of time to it. Like you would a hobby.
Making all these mistakes is fine. Learning from them and NOT making the SAME “types” of mistakes is the key Casey.
As always…GOOD LUCK and “do your thang”…just think before you leap this time…pleaseeeeeeeeeeeeeee.
Still MOCHA
June 23rd, 2007 at 11:11 am
Casey (or whoever is actually writing these posts),
You know, it’s really hard to even post a comment on here anymore. You obviously don’t write the posts anymore, you never write about anything anyone really cares about, you troll everyone by your own admission, and you censor almost everything but the I love Casey RAH RAH RAH comments.
And someone wants to pay you 100 grand for this? Take it and run Casey, take it and run.
June 23rd, 2007 at 11:18 am
there is NOTHING legal that bears 5% a month
June 23rd, 2007 at 11:26 am
Kudos for finally realizing that Nigel Swaby brings “nothing to the table”. You are starting to develop common sense. What took you so long?
BTW, your IQ is 131. That’s awesome. What was your Math SAT score?
Glad to hear Foreclosure Fridays are back.
Are you finding Sweet RE Deals down under?
June 23rd, 2007 at 11:39 am
5% a month…. hmmm are you going to do that sweet deal before or after you sell circus circus…
June 23rd, 2007 at 12:24 pm
#99 NOTE FROM MAX: “I’ve made this e-Kit short and sweet!, one the most costly items in this kit is a “Statewide Real Estate Sales Contract” ready to use on a fly!…
As soon as I sell a house to a fly (would that be a housefly?), I’ll be sure to drop you a note.
June 23rd, 2007 at 1:42 pm
BTW, your IQ is 131. That’s awesome.
Less awesome when you find out that he used scratch paper and a calculator, and took longer than usual to do the test.
(He admitted to all of this)
June 23rd, 2007 at 1:51 pm
“So what can I do with $100,000?”
A more appropriate question would be what WILL you do with it if you do sell. The answer, of course, is “throw it all away on some cretinous get-rich-quick scam.”
June 23rd, 2007 at 2:02 pm
Troll, troll, troll your boat
Gently through the blog
Verily, verily, verily, verily,
Your life is such a slog…
June 23rd, 2007 at 2:37 pm
Hey mocha…
Some good advice….
Most of offered advice like that at first…
Just hope you aren’t let down… I honestly hope he heeds what you have to say…
the Part about paying off the debt of they who need not be mentioned is especially important in my opinion.
In a perfect world… casey Sells the blog, goes home to deal with that, takes this new found money and whatever he gets from the book and settles the score with the mortgage lenders, declares ch 13 bankruptcy, cools it on the re investing for a while, gets a job doing something, once ch 13 is over, slooooooly put some money away and buy a house to both live in, and fix up using personal labor, then flip… slowly build up real estate business, building one sucess after another.
Simple, yet it takes time and patience… Sadly I doubt this will happen, and the next “shiney labeled water bottle” will be chased after.
June 23rd, 2007 at 3:59 pm
Casey- could you please buy a house in the Blue Mountains?
I really think a few heads may explode if you start posting loan agreements.
June 23rd, 2007 at 7:10 pm
5% per month will necessarily double your money every 14 months. That is some sweet passive income. Go for it!
June 23rd, 2007 at 7:22 pm
From the Dr. Housing Bubble blog….gee, I wonder who Dr. Housing Bubble is referring to here….
“We’ve all heard about the 25 year old mortgage broker making $15,000 a month. Or the 22 year old agent with a high school diploma raking in six-figures a year simply for showing houses. We’ve also heard about a 24 year old investor that went $2.2 million in debt with an income of less than $40,000 a year. The theme? Getting rich quick isn’t enough. Getting rich young became the new standard. Forget about education because school is for elites who care about issues surrounding the world. Street knowledge and the love for the almighty dollar became the new Mammon….”
“But I have a news flash for you. Failure is wealth. Amazingly, we have folks to be proven bad at what they do, claiming to be experts! They are passing on their real estate horror stories as a method of investing. Call it what it is. An idiot with a fascinating story garnering massive attention and creating a social epidemic; like Paris Hilton going to jail. But no way can you call these people gurus or investors. Last time I look at a dictionary investing meant making money, not losing it….”
“You should be a guru too! Your voice has as much weight as others. Here is the recipe for success. Do everything possible to fail; gamble, cheat, commit fraud, and smoke weed because we all love a good joint. If you can, do these things all at once. I haven’t had any luck combining all four but maybe you can succeed where I failed. Then, make it all public. Get the paparazzi to follow you or chronicle it online. Don’t commit crimes that’ll put you away for life, that’ll defeat the purpose. Mortgage fraud seems to be okay so go for that one. Then, decide to write a book and ride the gravy train to Tuscany. See! And you wonder why I’m writing a book? It is the key to riches in this country baby!”
June 23rd, 2007 at 7:45 pm
This blog is now known even in Norway…..The media here has written about it….. I guess it is the same in other countries as well.
Well done, you seem to have a genius for this….
PS: I won’t mind if you mention my blog in your next entry
June 23rd, 2007 at 8:06 pm
Casey,
This is your lucky day.
I’ve got a bridge for sale and by chance the price just happens to be $100,000. When you sell your blog, call me.
June 23rd, 2007 at 8:35 pm
Yuo didn’t hear it from me, but Casey has been busy gobbling up a *lot* of Australian real estate during the past week or so.
June 23rd, 2007 at 9:19 pm
Hi Casey,
$100K for your blog is WAY WAY WAY tooooo low. You can make that off advertising in one year or less. Three times that would be a price closer to its value.
P.S. There is nothing you could invest $100K in that would produce 5% per month. That is a 60% return ($60K) per year. No way.
If you have tax questions about all the cancellation of debt issues you will be dealing with, contact me. I am a tax attorney in NYC.
June 23rd, 2007 at 9:26 pm
Reallity check…
#1 — The bids are fake.
#2 — The blog itself has absolutely NO VALUE; it’s the domain name someone would be buying, not the worthless blog that loses all attraction the day it’s sold. It’s just the domain name. Porn brokers do this all the time, they buy up thousands of domain names with some traffic and redirect them to … well, I’ve never actually visited one of those sites, but I’ve heard a lot about them
Seriously, Casey, you could have your cake and eat it too–sell the domain name, and keep the blog going (under a different domain) and you’ll be golden. I sold a domain name a few years ago for $3K, and kept all the content & put it up on a different site. If you can REALLY sell the domain name for $100,000 or even $10,000, you’d be a fool not to do it.
June 23rd, 2007 at 9:53 pm
Casey Man, 5% return per month sounds pretty crazy. But I just did a little calculation–I’m currently making between 90% and 100% return annually. How? I have a (cringe) W-2 job, put the maximum amount in my 401K, and between my company match and my profit sharing (which also goes into my 401K) it’s a 90% to 100% ROI. And that doesn’t even take into consideration return on the 401K itself.
Not to shabby for a w-2 job and blah blah blah yadda yadda yadda (this is the part where Casey tunes out and starts dreaming of sweeeeet deals and candy canes and the streets to heaven paved in chocolate)….
June 23rd, 2007 at 11:32 pm
Casey:
What part of “debts must be repaid or they get bigger and ruin your credit” escapes you? In all honesty, what part is it?
Sell the blog and repay your debts.
June 24th, 2007 at 1:04 am
Casey, I’m baffled as to why you’re not answering questions about the current CashCall situation.
You say you want to become a serious foreclosure resource. Well, isn’t this exactly the kind of thing people facing foreclosure and in serious financial trouble are going to want to know?
It’s also a damn sight more interesting than any of the other me-me-me stuff you’ve been posting of late. Unless of course your “looking into it” consisted of doing precisely nothing and letting CashCall continue to threaten others over YOUR debt - in which case I can see why you’re keeping quiet about it.
June 24th, 2007 at 1:30 am
Casey,
How many payments have you made to your creditors in the last six months? One?
Do you know who Chris Wing is, and what he’s doing?
We are curious.
June 24th, 2007 at 4:01 am
I would try to drum up the bids for the blog to at least $300K if you want to sell.
Or even better try to get a deal with a large bank so that they also settle some of your loans.
Have you asked Google or Yahoo if they’re interested in purchasing the blog? A schoolfriend of mine just sold his non-profit company to Google.
As you point out the realestate bubble is about to burst in the US and worldwide and there will be millions of people who will be unable to pay their debts. These people will definitately go online in order to try to find help. Your website might be the #1 US website for that. So to keep running the blog would be an option in my point of view.
June 24th, 2007 at 5:12 am
#143. closed
“there is NOTHING legal that bears 5% a month”
It depends on what type of account you have. GMAC Bank offers Money markets at 5.1% with inerest compounded daily and I have one. Now, I am not an expert, so I dont know if this is the type of account that would work in this situation, but you didnt really clarify the terms of an account. You just blanket stated that there is no type of legal account that offers 5 percent interest.
As far as Casey’s Situation, well what is there to say? It just makes me realize how lucky I am at 25 to have two degrees, and ZERO debt, working a 30K a year job plus a part time job. I manged to pay off the car, the credit cards, the school loans, and now that all those bills are gone, my 30K a year is pretty cushy for me. Of course, I take a good portion of what I was paying for those credit bills and now put them in my money market account and my retirement plan and save save save. I plan to buy a house hopefully by the time I am 30. Everything is a process. I also faithfully tithe 10% of my income. I think if you are blessed you should give to those who are not. Not trying to preach, just wanted to point out how annoying Casey’s attitude about how worthless a regular job can be is to me.
I think Casey’s error is that he see’s what other people have and wants it TODAY, instead of realizing most people dont reach that much wealth overnight. He appears to have a too good for me attitude about working at W-2 job yet he was making more than me with his orginal W-2 job before he got in this mess. If he would have waited and invested slowly in property, he could have done well. But he became too Greedy.
And every day it becomes more and more clear he has not learned much from he experience.
June 24th, 2007 at 8:25 am
Here’s what happens to your stuff if the IRS has to “help” you pay your taxes: http://www.ustreas.gov/auctions/irs/
That’s right, it’s auction time. Some real bargains there and also some total junk. Welcome to the feast!
June 24th, 2007 at 10:12 am
- Karin;
You are getting 5.1% a YEAR
Casey wants 5% a MONTH
June 24th, 2007 at 11:05 am
Casey, congratulations man! You look like you have really turned this thing around.
June 24th, 2007 at 1:33 pm
Sell it and use the $$$ to pay off your debt, genius.
June 24th, 2007 at 3:11 pm
I can’t believe how dumb all the comments and the people that leave them are.
Get a life people.
YES YOU
June 24th, 2007 at 8:04 pm
#166
D’oh! I stand corrected!!!!
At least I can admit that just made a mistake and that I dont know much about investing — maybe someone else should?
June 24th, 2007 at 10:55 pm
Karin:
Your 2 degrees were obviously not in math.
“GMAC Bank offers Money markets at 5.1%”
That 5.1% is per year not month–I think you paid too much for your degrees.
It’s humorous you are proud of making 30K a year. Do your friends call you Donald Trump?
June 25th, 2007 at 3:13 am
http://www.business-opportunit.....log-worth/
Check out the link above. For some reason your blog doesn’t register an appraisal.
But I put in housingpanic and it says that housing panic is worth $122,000. That means your blog is worth a lot more than this.
June 25th, 2007 at 7:18 am
I would take the offer. this blog is pretty much done. Its primary purpose no longer exists.. Your not in forclosure and your story is getting boring I can tell your milking this for all its worth.. and that aint much Have a nice day
June 25th, 2007 at 12:22 pm
#171
True — they were not in math, though I do excel in humility. I already posted that I made a mistake but thanks for pointing it out again.
Im not bragging on the 30K a year. I just was trying to point out that you can be happy, and still have nice things with a smaller salary, so long as you are patient and can handle delayed gratification. But I get the feeling that Casey would wrinkle his nose at my life. THAT was the point I was trying to make.
I have a job that I love. I help victims of crime as a counselor. So I am happy.
June 25th, 2007 at 3:58 pm
I think you’re pretty funny Casey and you’re really turning your life around. Keep up the good work and you’ll have more money eventually than all these haters. They’re jealous.
June 25th, 2007 at 4:26 pm
This is the dumbest idea you have had yet. 100k does not pay off all your debt. and this is your only income at this point. And if you really think you are going to get 60% return on an equity fund your smoking wheat grass.
Stop trying to get rich quick, and work on growing what you already have. Reinvest part of your 6k/mo back into the site. Add new features, make it more than just you talking.
June 25th, 2007 at 4:32 pm
60% passive income a year? It must be legit! Then we’d become faithful readers of your www.ilostallthemoneyimadewheni.....losure.com site.
June 25th, 2007 at 8:56 pm
R u kidding me? selling the only thing that keep you alive? Come on.. we all know this is just a “make-some-buzz” post
June 25th, 2007 at 10:27 pm
174. Karin=loser
June 27th, 2007 at 3:54 pm
you should have bought the properties “subject to” the existing mortgages. people don’t need a book on what not to do because there are already lots of books on “what to do.”
To learn what to do go to http://www.LAHomeSearch.com
June 28th, 2007 at 5:33 am
hey chimp casey,
You CAN earn 96% interest per year, but only if your name is Cashcall and you loan to Casey Serin. So 60% should be a piece of cake.
I have $350,000 in the bank in ING direct earning an APR of 5.3% per year or about $1600 a month. It’s not sweet passive income when you factor in inflation but my w-2 more than compensates for that.
Hmm maybe I should buy your blog instead???
I don’t know, what do you think?
ME
June 28th, 2007 at 8:05 am
$100,000 would be a bad deal for you and a bad deal for the investors. The site will only bring in the visitors if you are writing about your experiences. This means your potential for the site is much greater than $100,000. It is much lower for an investor.
Also keep in mind that while you have a bunch of traffic right now, your subscription count in RSS is pretty low. Once you stop posting about your latest escapades, people will stop coming. You aren’t “pushing” anything out to them.
Here is an idea. Get some type of consolidation loan where you can pay around $10,000 per month for all your debts. Then keep working the blog to pay off that loan. That puts you on a track to get out of debt and will help keep you out of jail. Then you can pursue your other ideas and opportunities.
July 4th, 2007 at 12:44 pm
Wait for better offer!
July 9th, 2007 at 11:17 pm
Nice blog man, dont sell it.
I wish i could make my blog generating revenue for me.
http://smarterdeals.blogspot.com/
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July 21st, 2007 at 1:58 pm
5% Monthly returns are the realm of fantasy, pure and simple. If you believe in HYIP or High Yield Investment Programs, feel free to dump all your money into a ponzi scheme. As far as I know, hedge funds aren`t doing anything too spectacular either. What a hedge fund really does, is “hedge” its bets against investments with steady returns, while investing a smaller portion in riskier ventures. Averaged out, a hedge fund makes an annualized return of 12-15%. So im not sure what hedge fund you are investing in, but as a guy of the same age… I would recommend you get your head out of your a** and start thinking like a business man and not some chump with visions of grandeur. If you want a 60% return, invest the 100K with me, and ill give you back $60,000 in a year. Am I tickling your investment bone? Idiot!
July 21st, 2007 at 6:35 pm
So you have offers over 100,000 bucks? Really? Like 150-200k?
Please tell me why you were not able to get 30k and Duane even backout of the 20k he was offering you.
Over 100k to NO DEAL at 20k sure seems a bit, ah shall I dare to say it, UN-Sweet.