July 20th, 2007 11:56 pm
Getting Started in Real Estate Investing, Gurus, Books & Tapes
This was an answer to an email I received. I wrote such a thoughtful email I want to share it here. Also keep in mind I’m a little jaded on the whole thing because of the amount of debt I’m under from education that was never paid off and deals that went south. Yes, I’m the one to blame for some if not most of the mistakes. However, I feel I was mislead on some stuff too. But that’s for another post.
Getting Started in Real Estate Investing, Gurus, Mentors and Books and Tapes…
Start off by bird-dogging or wholesaling (most gurus have a course on this), instead of making the classic mistake of jumping into rehabbing / flipping without experience or capital. 100% financing and cash-back at close doesn’t count as “capital”.
Use a mentor. Not one of those phone call “mentors” that most of the national gurus offer. But a REAL mentor, somebody LOCAL and with years of experience and one who is still active. If they are not a multi-millionaire from investing / flipping then they are not a mentor, just all talk. Verify, and verify again.
Make sure you’re dealing with a true mentor. A true mentor will most likely NOT charge anything, and just take you under his/her wing. However, those may be harder to find. If they DO charge something, then make sure the value is there and compare to other ones out there. I would say very few PAID mentors are worth the money. Best bet is to find somebody to take you under his wing. They ARE out there.
I’m NOT against “books, tapes and seminars” either. Just don’t overspend on those and use credit cards to pay for those. If you can’t afford to pay for it and have to use a credit card, you’re probably over-reaching. Don’t listen to the gurus that tell you this is “OPM” (using Other People’s Money).
I don’t necessarily believe in OPM for education. OPM for deals makes sense as LONG AS the deal is solid. But not for education. I learned the hard way. It puts too much pressure on you to perform and pay back those credit cards and its too easy to make stupid mistakes and rush into it too fast, like I did.
Sorry, but i’m not going to recommend any particular guru or seminar (at least not today). But I AM speaking from experience. I have spend over 30-40K (I think) on Real Estate Investing education and I’ve seen The Good, The Bad and The Ugly. The ARE some good honest gurus out there that REALLY teach you what you need without adding FLUFF. But those are few. It all sounds good. So be careful!
Where you can glean lots of great info from those who have already done the “book and tape and seminar” thing and those who are already doing it.There are also lots of FREE ways to learn online, there are various forums out there The ones that come to mind are:
www.reiclub.com
www.creonline.com
www.flippinghomes.com
www.sub2deals.com
On those websites, look for “newsgroup” or “forum”. Keep in mind, they ALL have something to sell you. That’s not necessarily bad. Just be smart about it. Shop around, get the best value. Don’t buy too much and again DO NOT use credit cards to fund your education.
If you can’t afford it, you can borrow other people’s “books and tapes”. There are many MANY people who have thousands of dollars of Real Estate Investing education sitting on their shelves collecting dust. You can also try eBay or Craigslist.
In closing, local real estate investing clubs are one of the BEST places to learn and find mentors, partners, vendors, etc. They usually charge $10-25 per meeting and have monthly or weekly meetings. It’s a great place to network and meet people. Normally there is a main speaker and networking time afterwards. To find a good club, ask around, check the local publications or you can find directories online such as:
www.reiclub.com/real-estate-clubs.php
But again, they ALL want to sell you something. Nothing wrong with that, just be careful and SELECTIVE. You don’t need to know EVERYTHING to get started. In fact the more you know, sometimes the worse it is (To a point). Again, don’t overspend and don’t use credit to fund your education. (I will keep repeating it ’till it sinks in).
That’s my 2.5 cents.
==== END =====
I may do another post later where I actually pull out all the binders, CDs and DVDs and review each one, let me know if you want me to do that.
Hey maybe I will even auction off my Real Estate Investing education collection. I have a BUNCH of stuff! There was some demand for it back when I did my infamous “beg-a-thon” to raise money for CashCall payment.
Also check out some good real estate and investing links in the sidebar on the right under “Sweet Links”, and show my previous sponsors some love.
113 Comments
July 21st, 2007 at 12:07 am
Who cares about what you think is best for learning about Real Estate. Your thoughts have not merit because you have not succeeded. Just by falling for the guru seminars alone tells a lot about who you are and who the gurus target to sell their books and public speaking shows. Think about it, if it was so proven, everyone would be doing it. They target people who are uneducated, feel bad about their W2 status, and those who would fall for the commercials displaying the yachts, cars and girls. Not to mention the hired actors who sit there and tell you that they made “$20,000 last month in passive income” looking so pathetic that one would question if these people can even spell their name correctly… You’re a dope…..
July 21st, 2007 at 12:09 am
YOU’RE giving advice on How To Do It Right?
Your qualifications are what, exactly? That you’ve never done any of this, so it must work? Or what?
You’re like an 800 pound guy who purports to be a weight-loss guru because he knows all about how not to do it.
July 21st, 2007 at 12:11 am
Holy Crap.
I think this is your most sensible post to date? What made you see the light? You always talked about how “good things are coming.” What happened?
July 21st, 2007 at 12:13 am
TO THE DUDE,
You are a loser. You spent two days getting your stalker site back up? Get a life. Your attraction to Casey is perverted. Shame on you.
July 21st, 2007 at 12:13 am
first?
murst?
good idea on sharing the guru stuff.
how did your 6:15 meeting go? there are some rumors posted on EN. will you share?
thanks
July 21st, 2007 at 12:13 am
Casey, are you paying your mother’s dept and/or wife’s?
Or are you taking priority of paying your mom before your wife?
July 21st, 2007 at 12:13 am
Selling all those on this site as an auction might be a good idea. Just start a thread and let people put in bids. eBay generally will shut down those types of auctions because it borders on infringement of copyrights. (ie Most companies have a plan set up with the eBay Vero program to keep used stuff off the market so they can sell more)
July 21st, 2007 at 12:22 am
Casey,
You’re a freakin’ idiot.
Your time to do the foreclosure resource site was back when you had some exposure, like March or so.
The site’s dying on the vine, it takes some time, but the signs are all there.
Try to keep some honor, just pull the plug while it’s still your decision.
July 21st, 2007 at 12:22 am
Anyone who buys into ANY of these gurus is a moron, including you. You see, for that same 30-40 large you could have gone to a REAL university. (And, mind you, the interest rate on the loans would have been a very small FRACTION of what you’re being hit with now. Not that it matters to you because you’re not paying it and have no intent to, ever…)
And at that REAL university, you could have gotten a degree in Business with a focus on Real Estate Management or some other highly valuable focus. Something that would translate to real “value”.
But, you see, the reason you shunned all of that is simple: You hate hard work. Or work of any degree, for that matter. It doesn’t play into your ego. It doesn’t make you feel like a big important man.
But, you still don’t get it, do you? You still can’t tell when you’re being sold a great big bottle of snake oil. You’re a marketer’s dream, Casey, because you fall for all the classic sleazeball marketing tactics. You fall for the hype, the faked testimonials from “real customers”, the cheesy grin from the con man standing in front of his (someone else’s) mansion and his (someone else’s) Italian sports car, complete with fountains out front and a pool out back with beautiful women lounging around. You fall for every second of it because you believe that it’s real. And worse yet, you believe that YOU, of all the truly intelligent people that walk the earth, YOU alone are intelligent enough to actually pull it off.
People have been telling you for 10 months now that you needed a job, that you needed to negotiate with your creditors, that you were in danger of being kicked out of the house and divorced, that you were in danger of prosecution by any number of law enforcement agencies, that the IRS would come knocking any day now.
So, what you have now, your life, is a MINE FIELD of very, very bad things. There are so many things that could possibly go wrong when you wake up tomorrow that it’s not even funny any more. It’s actually quite depressing to think about what your life must be like.
Where exactly are you living, again? I don’t think you ever addressed that…
Oh, and btw, how do you plan on “pulling out” those DVD’s and CD’s and binders when your (ex?)wife hasn’t spoken to you since you left for Australia?
Go ahead, comment mod. Post it!
July 21st, 2007 at 12:22 am
What makes you think that your advice is worthwhile?
Seriously. I’m not hating. I’m just completely unaware of how you could possibly think that it is, given your performance. I’m honestly asking, and would appreciate an honest answer:
What makes you think that your advice is worthwhile?
July 21st, 2007 at 12:36 am
Don’t you have to be successful at something to give advice about it?
Were you successful in RE investing? Finding a worthy mentor?
Anyways, these advice are about as helpful as “How to find a book on learning to play blackjack”… Mind you, NOT advice on how to actually play the game…. just how to find a book about it.
Thanks for sharing what all third graders already know. That was $30,000 well spent.
Why don’t you have a post on “How to piss people off and stringing your readers along with a carrot on a stick so as to never give them any substance (meanwhile getting nothing in return, be sued, hated, divorced, indicted, lose all your money, be deeply in debt, set your life back by 20 years)”?
You definitely are the expert in that.
July 21st, 2007 at 12:37 am
WHAT NUMBER …FIRST?
July 21st, 2007 at 12:42 am
Casey, in real life you’re to blame for the bits where you were mislead too.
You say you’re an investor; You say you’re a business man; You say you want to be successful running with the big guys.
Well, if you’re doing those things, then you need to be cluey enough to work out when you’re being mislead, and adjust your approach accordingly.
If you can’t do that, and carry on pretending to be a business man anyway, then the inevitable failures are your fault. You can’t blame someone for taking advantage of you when you’re wearing a big “Please come and take advantage of me!” sign on the front of your T-Shirt.
Supporterz who excuse your actions by pretending that some of the bad advice you’ve received makes any difference at all are deluding yourself. Listening to people who tell you it isn’t your fault is yet another bad decision you’ve made, and continue to make each and every day.
ASW: cashcall
July 21st, 2007 at 12:45 am
How do you know? You clearly didn’t find any of them. What makes you think they aren’t a figment of your imagination?
Given that your investing career has been characterized by complete, unmitigated, disasterous failure, what makes you think you’re qualified to offer advice on how to get started? “Don’t listen to anything I say!” is probably the best advice you could ever give to an investing aspirant; anything else coming out of your mind is automatically misleading.
July 21st, 2007 at 12:55 am
Be honest, you’re an entrepreneur at heart. Having a j-o-b will kill you–that is if you can even get one at this point. Nevermind about trying to pay off all that debt with a paycheck.
Focus on your strengths instead. You have a lot to share as this post proves. If you can hold onto this site, you could build it into something substantial.
Face it Casey, you’re a rock star at this point. A bona fide Internet celebrity.
So go with the flow.
Your destiny is unfolding.
July 21st, 2007 at 1:06 am
I think this is what passes for progress in Casey world. I suppose it is a little bit of progress.
But what’s with this fixation on mentors? Why should/would someone successful bend over backwards to help you become successful?
July 21st, 2007 at 1:11 am
So, your advice is to do the exact opposite of what you did.
But this puts in a logical cleft stick:
- We are to do the opposite of Casey
- Casey tells us to do the opposite of Casey
So should we do the opposite of what he told us to do or the opposite of what he tells us to do now?
July 21st, 2007 at 1:38 am
You’re the one to blame for all the mistakes. It’s all your fault. Not some of it, all of it.
Casey, the advice you gave in this email is all wrong and utterly worthless. The mentors, the books tapes and seminars, the “real estate investing club” - these are all scams, and you (or your email correspondent) are the mark.
You’ve learned nothing.
July 21st, 2007 at 1:46 am
Casey,
Focus on what is important man! Piecing your life back together, dealing with the authorities, and getting your family back. Do you know what the definition of insanity is? Doing the same things, but expecting different results. This post and theone about the contest show that you are still being distracted with garbage. Let that guy get his own RE advice. Fix your mess, then help people!! You are in no position to give advice.
July 21st, 2007 at 1:56 am
Casey,
Who cares about all that? You are broke, lost your wife, and look like an idiot. You haven’t even been able to make any money from the people who dislike you!
Furthermore, I have reported you to the Sacramento PD, FBI, and the IRS for your crimes. I reported both by email and by regular mail.
July 21st, 2007 at 2:27 am
You are not responsible for some of the mistakes.
You are not responsible for most of the mistakes.
You are responsible for all of the mistakes.
These gurus may be a bunch of con artists — as many strongly suspect you are too, though perhaps with a bit more naivety thrown in — but ultimately it all comes back to you. When things go wrong, you whine and call for mommy, then you insist on being treated like an adult. Well, kid, you want to be treated like an adult, that means facing up and owning everything that happened.
Of course, no idea why I am bothering to write this, because you haven’t listened to anyone before.
July 21st, 2007 at 3:37 am
you are now to the point of just being annoying. more trainwreck that is your life and less of you acting like you have a clue about anything. when are you gonna get it through your thick, empty head that your’s is NOT an educational blog? you are pure entertainment, nothing more. that in itself is an accomplishment of sorts. the downside of that is that you are now a global “village idiot”. but in that consider yourself 100% successful ! ! ! I do wish you the best of luck, because even though I detest everything that you are, I think Mark has shown himself to be a self-righteous, lowlife, scum. You are just a run of the mill con man/mark. And I think you have shown yourself to be more of a mark. end of mindless rant. best of luck to you and your’s
July 21st, 2007 at 3:41 am
Great Article! I would not recommend anyone to buy a real estate training course for several thousand dollars. Just go into a bookstore and flip through the books in there and buy one of them to read. You can also get a lot of free info online, or from free teleseminars.
There’s no reason for anyone to buy an older house that needs a lot of work these days, because there are somany newer home foreclosures out there, which need very little or no work.
Many investors are buying homes in good Atlanta neighborhoods and putting them into a lease-purchase program. A smart investor who buys four homes using this technique can make $100K per year, just using this strategy. All you need to do is to buy four homes in one year with at least $25K in equity.
July 21st, 2007 at 4:09 am
I guess you’re the expert, Casey, seeing as how you’ve made so much “sweet, passive income” following RE Guru advice. I’d probably recommend that somebody take the certified course that’s offered by the Realtor association, plus maybe a course in business or accounting.
Personally, I’ve learned not to trust anybody who comes out talking about how much they make, or how much you *can* make. When I hear somebody say “I make $1500 a month working at home!”, I run the other way. In my field, you just don’t hear people saying “I make $65,000 a year as a systems engineer, and I’ll show you how you can too for just $49.95!” You never hear Donald Trump talking about his income. Truly wealthy people don’t go around bragging about what they make. I don’t trust people who do unless the person happens to be a 20 year old who just got his or her first $10 an hour job.
July 21st, 2007 at 4:13 am
Congrats, one of the first serious & good posts I’ve seen in IAFF. If only you were able to really juice and transmit what you’ve learned during your foray into RE, it would be enriching to other people. Too bad you are not…
July 21st, 2007 at 4:52 am
Casey, you are not qualified to give any kind of advice.
July 21st, 2007 at 4:52 am
Casey, you are right about there being a ton a free or lost cost information out there and in my experience of more than twenty years it is often better than the high priced camps, seminars and home study courses.
A really great free site is http://www.magicbullets.com Dan Auito has a great site there AND a free all encompassing book on getting started in real estate investing.
Another site with good information and a free analysis tool is http://reitactics.com anyone starting would be wise to check them out and get their RIPP tool.
But, the best site I’ve ever seen is The Real Estate Field Guide at http://realestatefieldguide.com
Take care Casey, and good luck!
July 21st, 2007 at 5:39 am
Can the Casey Serin Real Estate course/tape/book be far behind? With all of this experience (didn’t say success) to share….
July 21st, 2007 at 6:09 am
After a couple years of Casey-style entrepreneurship resulting in a completely devastated life/lives… how dare you post anything resembling career and life advice.
July 21st, 2007 at 6:20 am
There is so much wrong with what you say, it is amazing.
You did not ‘make mistakes investing’; you intentionally defrauded.
You did not have ‘deals that went south’; you had eight (possibly more) horrible value propositions scammed onto you because you were a MARK who was a fool for cash back at close, to use as a piggy back to fund a lifestyle you did not earn and could not afford.
Paying for true higher education using credit is probably the soundest value proposition a person can make. So as usualy, you are backwards there, too. But since you have no criteria for understanding what is education and what is scam (hint - everything real estate oriented you purchased was a scam, so your advise™ to ‘be selective is a hoot - what is the criteria, Murse Boi?)), you are correct that you should never touch a credit card again. But not just avoid ‘certain’ gooroos, you can’t be trusted to use credit in ANY circumstance because your psyche is clearly hard-wired to believe inf the money (or credit!) is in your pocket, then it is 1) Yours, 2) free to be spent. Some six-to-eight year olds have this approach to money, but they quickly outgrow it. You never did.
I could go on and on, but you disgust me.
You learned absolutely nothing from your misadventures, and you are clearly totally unrepentant in any way.
I pray (literally pray) that you will be ‘caught’, prosecuted, and put into prison for your many crimes.
You giving advice on RE investing is like a serial forest arsonist giving advice on patio BBQ tips.
Gawd, your hubris is unbounded.
July 21st, 2007 at 6:40 am
Why would anyone “mentor” for you? Ask yourself, what’s in it for them. They give up time, money, etc. I think you need to find a sponsor who is willing to get a % of your earnings for x# of times not find a freebie.
Quit trying to find something free or else you will end up like Casey.
My suggestion: Go to a real state accredited school (college/university) and study the basics. Get a job in the industry and start at the bottom. Work your way up. If you like construction, learn as much as you can about building materials, codes, etc. Watch and learn and DO IT! After several years of that then learn the real estate industry and how it works. Then do it the legitimate way and can buy your OWN starter house and fix it WHILE living in it. Then see if you learned enough to flip it later for a profit.
The problem is when you try to go too fast and don’t stop to absorb the experiences around you.
July 21st, 2007 at 6:52 am
Yes, I thought this was good advice Casey. I’m actually also now taking an online course (continuing ed2go) through my university where they only charge 90.00$ for the six week course (2 lessons/week) and the guy teaching it is not a guru but rather a good teacher without all the hype and with more realistic goals. It’s actually good week by week for the class interaction as much as the class. He actually also recommended Kiyosaki’s book and I’ve been reading this and think of you in a number of ways as it seems up to your debacle you were trying to internalize a lot of these ideas.
On another note, why don’t you start to formalize and systemize and monetize won’t you’ve been doing through infrastructure and a company that specializes in what you are doing. You could set the paradigm. What I mean is why don’t you consider being a “BlogStar” Mentor to people who want to be “BlogStars” or need to become “blogstars” and charge a flat 100k/year or 25k/month. Advertise to Hollywood agencies, politicians and the wealthy interest groups who are both bathing in money but also worried about the internet transition paradigm. Kiyosaki does say a lot of great things but sadly so many people are conditioned to be employees (including myself!) even though the other method seems more properly human and right in so many ways.
The other monetization idea I had was after creating a stable of ‘blogstars’ you could sell the various ‘audiences’ of each blogstar to different ‘advertising demographics’. This would be akin to the same way that baskets of ‘mortgages’ are bought and sold on Wall Street (including yours) to profit from the unwary consumer. Again, you would have to be collecting metrics and an infrastructure to measure ‘audience advertising bundle groups’ for which the various ‘advertising demographic groups would pay for space.
July 21st, 2007 at 6:57 am
I love you, Casey. I would love to see you do a video review of your courses you have purchased. What a wonderful way to make back some of the money you spent on them.
Looking forward to it.
Luv ya lots!
Melissa Coupe
July 21st, 2007 at 7:23 am
i didn’t bother reading this one. can’t take real estate advice from someone who didn’t consistently make millions in real estate.
July 21st, 2007 at 7:45 am
It’s good to hear that you are finally realizing that those gurus were simply sticking you with a giant credit card bill. That shows some progress.
But don’t bother “reviewing” the guru material. First of all, you lack the credibility to determine between “good” martial and “bad” material (I’ll give you a hint, there’s a 99% chance that all the material you have is “bad”).
Aren’t there enough loose ends to tie up in the final weeks without having to resort to pointless product reviews and music contests? Tell us the things we’re dying to know:
1) Have you updated your resume?
2) Have you actually applied for any jobs, other than the one your “advertiser” was pitching to you?
3) What types of jobs are you applying for?
4) You said you had a higher offer than Duane’s for selling the blog. What happened to it?
5) What’s going on with Marty?
6) Have you solved the mystery of the missing Utah payment yet?
7) Have you contacted Cashcall yet?
8) Have you even tried to update your financial statements since Feb? Do you even have access to the documents?
9) Have you settled your case yet?
10) Who, specifically, informed you about the FBI? Have you bothered to confirm that the phone call you got wa from a real agent?
July 21st, 2007 at 7:49 am
“I wrote such a thoughtful email I want to share it here.”
Thoughtful? LOL, you sure have a distorted, inflated view of yourself. All you do is repeat the same few vague, contradictory and useless pieces of “advice” over and over….don’t let them sell you stuff, well, it’s not always bad, well, just don’t use a credit card (as if paying cash would mean you wouldn’t be out the money for nothing as well), find a solid deal (but you don’t say what that is because you don’t know), go join a club, blah, blah.
If the babble you just posted is your idea of thoughtful…well, let’s just say I have my doubts about your “IQ of 131″.
July 21st, 2007 at 7:49 am
Casey this is one of the best posts you’ve shared. I only wish that from the beginning you had more of this type of stuff. Many people visit this website to learn “what not to do”. Thanks for these ideas. Unfortunately, blogs and websites which link to this will have a ghost page in August as this website will end. Do you think your family would object if you kept us apprised of more lessons by special emails once per month?
July 21st, 2007 at 7:59 am
Hey Casey,
This was a great post. It’s unbelievable the amounts of money some of these guru’s charge. There are a lot of good books out there for less than 20 dollars that help just as much. One that I use a lot for my rentals is Landlording, by Leigh Robinson. Also anything by Robert Bruss (I think that is his name.)
Best of luck to you.
Please please don’t shut down your blog.
July 21st, 2007 at 8:00 am
And you think the $40k you “invested” in your real estate courses would make a bit of difference to your current situation? Get a clue. Everyone is losing money in RE now if it requires actually owning property. Executed perfectly even the luckiest most skilled and deep pocket players are barely paying for their time. John T Reed you ain’t. What you do have is very valuable information. Unfortunately until now you’ve not even considered sharing. Tell people about all the “techniques” you were taught that you now know to be illegal. Name names and I guarantee monster blog traffic and media links that will make IAFF worth six digits.
July 21st, 2007 at 8:05 am
Lame. I think most of the readers here aren’t the sucker type personality that you obviously are. Not to mention nobody wants your advice. Lets face it you’ve been a complete failure with real estate and running a business. Is this the direction you’re taking to the end? Boring…
Fill us in on the criminal proceedings. Who is after you? Charger filed? Come on man answer some of these questions.
July 21st, 2007 at 8:12 am
Casey,
Your email response to this person indicates you seem to get it but your actions show the opposite - Robert Kiyosaki, Suzy Orman, etc. What is it with you and shiny objects? Do you have an addiction to them or something?
July 21st, 2007 at 8:15 am
Hey Casey-
How did you get your guru materials (binders, et al) back? I thought they were still in the apartment of “those of whom we do not speak?”
Did you manage to get your stuff (like important documents) back? Last I heard, you still didn’t have access.
July 21st, 2007 at 8:15 am
I’m impressed!
Maybe you did learn something afterall.
July 21st, 2007 at 8:20 am
supporterz.blogspot.com
July 21st, 2007 at 8:28 am
Why did you censor my post, Casey? All I said was that your advice was worthless.
July 21st, 2007 at 8:33 am
One of the best ways to really learn the business is to get a real estate license, which you can do at local schools for very little amounts of money, and then actually work at a real estate company. Doing so allows you to develop the local knowledge and business experience that will let you identify what is or is not a sweet deal, and how to move forward on it if it is.
But would that advice actually cross Casey’s mind? No.
July 21st, 2007 at 8:44 am
@1 ocp said it best. Well, there is progress, even though you still cling to some notions which have driven you to the poor house. It is not just the credit cards, nor will you find another magic bullet.
I suppose stubbornness is good in certain circumstances. It is nice that you are eager to help others.
I suppose you lack a basis for comparison — I would run from an education where someone wanted to sell me something all of the time. In your shoes, $25 per meeting is too dear. How can you afford that?
July 21st, 2007 at 9:10 am
There’s a lot of stating the obvious in this post, but I notice you dodge a fairly fundamental issue, which is: why are you recommending that people get into real estate when the market is tanking so badly?
After all, that’s what screwed you, so you can hardly claim ignorance.
July 21st, 2007 at 9:32 am
Rob Dawg is absolutely right, you know. If you starting exposing all the shysters out there who are screwing people with bad advice on illegal practices, you may actually succeed at something. You’ll be hated by their community forever, but that’s really no loss. Actually, a pretty good accomplishment, if you ask me.
July 21st, 2007 at 9:47 am
Word on the street is that you were served with divorce papers.
Care to comment?
July 21st, 2007 at 9:54 am
It sounds to me like they’re also the BEST place to learn shady cashback techniques — you’ve said in the past that you learnt these from the clubs, not your gurus — and the BEST place for being utterly taken for a mark by the sharks. The $50K Angleridge boondoggle was an REI-club special, no?
July 21st, 2007 at 10:08 am
Casey, in the Australia Mall interview you did, you said that MANY good things were happening.
That’s wonderful dude!
Now please updated us on
- The 100,000.00 offer for IAFF
- Lots of money coming in from “deals”
- Wife very happy.
- Loans paid off.
I am sure you hit at least 4 out of those 5, no?
July 21st, 2007 at 10:13 am
DoWhatISayNotWhatIDo.com
Just a suggestion for a new web site for Casey.
July 21st, 2007 at 10:15 am
Casey, what happened during your appointment? Why are you so sad, Snowflake? Have you finally realized how worthless you are?
July 21st, 2007 at 10:23 am
So this is Casey’s version of the condemned man’s speech as he faces the noose — don’t repeat the mistakes that I did, beware the evils of alcohol, and stay away from fast women?
Oh, yes have you sinned Casey, and sinned grievously. But I don’t sense you realize the depth of your sins yet.
Over the next year, retirement funds are going to collapse because of the staggering greed created by RE novices like you. Americans who worked 9-5 all their lives are going to wake up to the realization the nest egg they built up in their homes is actually worth a half or a third of what they believed it was. You see Bear Stearns problems now, thanks to reckless investments in subprime loans. Moodys, the rating service, suggests there are 300 more like BS (how appropriate those initials) out there that have yet to be heard from. W-2 slugs who put their 401K retirement savings into go-go high yield bond funds, have yet to see how much their dreams of comfortable old-age are going to shrivel. People will abandon plans to retire early, widows will lose their homes, and retirees will have to return to work.
Do you really realize the carnage that you _ yes you, Casey _ have caused? They call mortgage fraud a white collar crime, victimless because there’s no corpse or wounds in a body to present to a court. But that doesn’t mean there aren’t real victims. I can only hope you get a lot of time to think about the ruin you have brought to their lives.
Okay, so you are just small change _ you only recklessly controlled eight houses _ and there’s nothing really unique about your story. There’s silent army of thousands just like you out there, perhaps many of whom are the lurkers reading this blog. You are now dealing with the FBI because you made yourself notorious, and as a lesson for the silent lurkers. They know who they are, and they shouldn’t believe they will escape unpunished.
It’s not just the financial carnage that you have caused, but a predicted reaction has only just begun. I can only see new government regulations to prevent frauds like yours from ever occuring again — moves that will make it more difficult for mainstream Americans who walk the straight and narrow to take out mortgages. Those who make the stringent new requirements will pay 1 percent or more for their mortgages than you paid, as the bankers do not lose money on these loans over the long haul.
If you strip away the pretense and the legal structure, our society is based on trust between people. Otherwise we would all be wild dogs. And, boy, how you broke that trust. There are rules and laws, but we don’t have a police force large enough to enforce them all. and often they are just guidelines in our increasingly secular life for how people ought to live.
So enough of this sanctimonious “lessons I have learned” crap. The only lesson I get from your blog after reading it for almost 10 months now, is that you had a corrupt business plan from the start, and you carried it out corruptly.
July 21st, 2007 at 10:31 am
Hey Casey -
On the “don’t pay your local mentor.” Gee….sound advice. I have found that most have my mentors over the years have paid ME. You know - jobs working for older and more experienced people. I have also noticed that most successful people give some credit to a former BOSS as a mentor. Who PAID them.
You would understand this if you had ever worked with professionals.
You gotta pull your head out of the collective a** of late-night tv and blogs, man. Seriously - there is a much larger world of really successful people out there…you won’t find them on the web or on television.
Use any definition of success you like (happiness, financial wealth, health, family, whatever)- the internet, seminars and late-night TV are the last place you will find it.
(I can’t believe I actually provided a serious reply to your nonsense. Its like pissing in the wind or fighting the tides - that’s right, Casey - YOU are a force of nature. Like cow dung. I stepped in it.
I feel……dirty.)
July 21st, 2007 at 10:34 am
I too agree with Rob Dawg.
You are going down, so why not go OUT in style and maybe make some money?
Expose Robert Kiyosaki and all of the others like him. You traffic will SPIKE and you can sell IAFF big before you close it down.
So what if they come after you - Tell them to take a seat - there is a big line.
Sweet.
July 21st, 2007 at 10:57 am
“Casey has a bike?” - comment made by Cash Call on 7/20/2007
Rob Dawg- I am surprised John T. Reed has not done an expose on Casey yet…
July 21st, 2007 at 10:58 am
Follow your dreams Casey, don’t let go now.
You are so close, so very close to achiving what you have worked so hard to do.
You have been blessed by so many sweet things Casey, don’t let go now!
W2 jobs are for idiots and I know you are not one of them.
I will cheer for you Casey! Go Casey Go!
July 21st, 2007 at 11:26 am
There are just too many people of all types (agents, investors, lenders) in both commercial and residential real estate right now. More investors and lenders need to lose more money, swear off the business, and go back to trading stocks etc.
Then RE will be a good business once again.
John T Reed has a good analysis of the gurus.
http://www.johntreed.com/Reedgururating.html
It would have higher credibility if he himself was not also a guru.
Maybe you could do something like that on your blog?
July 21st, 2007 at 11:31 am
Hey Kid;
I’m still feelin’ pretty good today. I’m takin’ a break from working around the house,(yeah, hobbit, I work harder on my home…and the sucker was built in October of last year, than I do at my W2 “flunkie-for-life” looser job), and thought I’d drop in to show you the other side of real estate from your Caseyroo Goo-Roo cat’s-a** -trophy.
What I’m about to tell you is from personal first-hand experience.
I’ve been blessed to work at my W2 “flunkie-for-life” looser jobs with two guys, (that I know of), who were self-made real estate millionaires.
I’m working for one now…in fact, he called me out of a clear blue sky to come help our 800+ foot long “houseboat” from sinking,(too quickly).
The first guy came from VERY old money,(in the American context), textiles and apparel, if I mentioned the family business label, you’d prolly recognize it…
He didn’t want the primogeniture “grooming” that they were putting him through, so he basically told the paterfamilias to take a flying f*** at a rolling donut, and enlisted in the Navy…in 1971. (That wasn’t the most popular of career choices back then, BTW).
After his cruise was over, he started buying multi-unit dwellings,(bail-bonds companies were where HE’D “hunt his prey”), in a racially mixed neighborhood, (lower prices).
He’d go in, evict a deadbeat, and then rehab the unit…no more than 5k per unit, (in 1984-9 dollars). This would mean new kitchen and bathroom, new carpet and flooring, and a new coat of paint.
He’d then slam a Section 8 retiree or pensioner or what have you in the unit,(check from Uncle Sam…sweeeeet!), and then he’d bounce the derelict from the next unit and repeat.
Fast forward a few years, and the mo-fo had a Porsche 911T, owned a goodly chunk of downtown colonial Annapolis, and had a big house whose back wall was the US Naval Academy,(”Canoe U.”..”The Prick Factory”, for you farmers not familiar with the jargon). His workday was phonework for 2 or 3 hours, then he’d bring lunch and a case of brewskis to his work crew, and by the early afternoon everyone would have a pleasant buzz goin’ on.
Not too bad for a guy without a college education, and who once had to scrape rust from the hulls of submarines in the hot Georgia sun.
But y’know, I remember that before he, his wife and I would go out to get blotto at the local watering holes,(they kind of “adopted” me for a spell), he’d go around delivering firewood to, and checking on, his elderly tenants.
Last I heard, he’d bought himself a spread in Pennsylvania, and was playing “gentleman farmer”.
And I’ll bet he STILL checks on his elderly tenants and spends a few minutes rappin’ with ‘em.
The other fella, my present boss, also never went to college, but spent a lot of time at sea saving money.
When he got home, he’d buy a place that he would live in, in an area that he liked… no more than 30 minutes from his hometown, which is a northern ‘burb of deepest, darkest, Bawlmer.
He’d fix it up, live in it for a year or two, and then rent it out when he sailed again, he’d then come back ashore and buy another property to live in for a few years, and then repeat the process.
I don’t know exactly how many properties he owns now, but he ’s putting the finishing touches on his Chesapeake Bay waterfront home, and he’s restoring a 1967 GTO, to go with his other toy cars.(sweeeet!). He commutes to his W2 “flunkie-for-life” looser job in 1993 Chevy Astro van, btw…go figure.
What these two guys have in common is a sense of commitment to a project, a realization that wealth takes work, and a recognition of intrinsic value in what they buy…probably because they still, for all their bank accounts, work for their daily Panera, and will be damned if they’re gonna see it wasted on crapshacks like most of what you bought.
And because they buy (subjective) “quality”, neither of ‘em “flipped”…they’d “fix and hold”.
So there ya go, hobbit.
You can give people advice on how you’ve managed to stomp on your love machine with every step you’ve taken,(and you’ve done quite a good job at that, BTW), but if i want to make money in real estate, I’d absorb and practice the values I’ve observed firsthand from guys who have all those zeroes in their net worth, see?
Back to work for me, little Caseyroo.
What are your plans for the day?
July 21st, 2007 at 11:33 am
Most universities offer a FIRE degree though it is often a Master’s, though some offer it as a BA. FIRE is finance, insurance, and real estate. I fail to understand why people pony up huge amounts of money for unaccredited programs and seminars. Most successful academics refuse to teach at any unaccredited programs because they are damaging to their reputation. Likewise, some programs like FIRE typically draw faculty heavily from industry professionals who look to teach at top notch universities because of the school’s reputation. Academics often teach core courses while more practical types of courses are often taught by successful professionals who now want to teach.
When programs like this are easily available at state universities with partial cost underwritten by taxes, I fail to understand why anyone would drop thousands at seminars.
July 21st, 2007 at 11:46 am
Casey,
It’s been there a while now. It just struck me. The casino deal. The rest is air. The casino is big thinking, not some ranch in a desert small fry stuff. Leave the ranches and focus on the big prize, the casino. Casino’s make big money.
You know a lot of people. Follow this…you know Kiyosaki…and he TOURS with Donald Trump. And Trump has a casino, or maybe more than one. What an in that is to the casino crowd. The casino deal is big enough to buy the lawyers you need to do it right.
And listen carefully because this is the KEY. Broker the deal using these contacts. AND also, be the BUYER, by creating and leading a team of all you know that have monye. Yari, that other Rich Dad guy, Kiyosaki, the Neaveau Riche guys, etc. That way you can buy the casino, save the broker fee, that’s a lot of moola. WHAT a head start on your comeback.
ADVICE - if the price for the casino is too high, just be the broker, and let a sucker buy it for too much. More broker fee for you. BEAUTIFUL, yes?
Trump and Kiyosaki are KEY to this thing. They will sell a lot of books if they help you out of the abyss. BUT, you must ensure control of the deal, because you will sell the most books of all. You now have all in place. Good holding out on that W-2 job, otherwise you wouldn’t have time for this casino deal. You now have the contacts with the money people.
Go out and get it !
July 21st, 2007 at 11:57 am
boring boring boring…
You probably spent one hour writing that post. What for ? Just to read what is OBVIOUS to any smart person. Most people don’t need spending 30-40K (OPM !!!) on that crap. If you don’t get any more revenue from that blog, then pull the trigger and take care of your legal mess.
BTW, if what you posted is what was to be in your book, don’t bother writing any more chapters…
July 21st, 2007 at 12:10 pm
1. Casey is Smart
2. WeWantTheFunk
Two fairly spot on posts.
July 21st, 2007 at 12:15 pm
Follow your Dreams Casey.
They will lead you on the right path. Don’t listen to the W2 loosers Casey!
You need to get back on track before you get cold. Start flipping asap!
July 21st, 2007 at 12:25 pm
“I wrote such a thoughtful email I want to share it here.”
Jesus wept…..Man, not being mean, but as many have stated above, you are in NO position to be purporting to be an avenue of advice for people no matter what their situation or their predicament. I’m noticing hugely increased number of posts that contain a line such as “As many others have said”, or “As everyone has been telling you for ages..” It seems as though there is a circularity in all this. As I said in an earlier post, I also can’t believe you initiated a PhotoShop competition, while the smell of carrion grows stronger and stronger. Unless you have a serious ace up your sleeve (such as this whole thing is a sham and IAFF is the best example of Internet generated hype ever, which I would applaud you for) I think you are sooo off track its unbelievable. I’ve stopped saying good luck, because your actions are those of a man who looks like he might be offended if offered luck on the street.
July 21st, 2007 at 12:28 pm
Casey -
When you use a credit card
When you take out a loan
It is not “other people’s money” It is YOUR money
See, someone (a bank, credit card company, mortgage company) is going to LOAN you money, CHARGE you interest, and expect you to REPAY the loan.
Certainly this in not money you have EARNED, but it is money that you have made a promise (commitment) to repay….. That repayment plan is how the money you have borrowed has become your money…..
This is one of your failings.
July 21st, 2007 at 12:29 pm
The days of buying into real estate and making money off of equity are long gone. They will be back but you can believe that the gurus will come back with a whole new set of loopholes and books filled with them to line their pockets.
July 21st, 2007 at 12:44 pm
Robs right Casey, spill your guts on these people. You dont owe them anything. You would be the first anti-guru.
July 21st, 2007 at 12:52 pm
I am not a Casey supporter but Rob Dawg is a cocky idiot.
“Get a clue. Everyone is losing money in RE now if it requires actually owning property. Executed perfectly even the luckiest most skilled and deep pocket players are barely paying for their time.”
Wrong. Investors who bought at the right time can easily be cash flow positive on real estate they OWN versus mortgage/insurance/taxes. Appreciation is still out there in some areas. Smart investors have the right area, timing, and mortgage. I have several properties like this. Maybe they have lost some off the peak prices but get a clue yourself on people who purchased rental/investment properties long before the bubble. Your blanket statement is ignorant and smarmy at best. Lots of us are doing just fine.
July 21st, 2007 at 12:55 pm
Did you buy a parrot yet?
July 21st, 2007 at 1:01 pm
Casey, I feel it in the air that you want to give up, but I also feel it that you want to continue.
Don’t give up Casey. Borrow some more money from your parents, relatives, the uncles, your brothers, but keep doing sweet deals Casey.
Your rewards are waiting for you. All you need to do is to pull them in. Don’t let go Casey and keep blogging. You bring so much “Market Value” to the place is it amazing.
July 21st, 2007 at 1:04 pm
Put up a poll!
or,
Eat a bug!
or,
Buy some more penny stock!
Now, THAT’S entertainment! Plus, if the penny stock hits big, you could pay off all your debt and win your w*** back! Don’t be afraid to fail forward.
July 21st, 2007 at 1:33 pm
I am amazed at the amount of time guys spend putting Casey down!
I come here and post for entertainment. I could care less if Casey has qualifications or not. (Although society seems to think that someone who was a failure and has turned themselves around are more qualified than folks that have never failed to begin with - but that’s besides the point).
You folks that can’t stand him but come here anyway and spend the time to post - please explain that! You all must be liberal elitists… >>roll eyes
July 21st, 2007 at 1:40 pm
Casey,
Please read debtkid .com website.
Debtkid finally put a shortsale and avoided foreclosure.
He’s not getting any more loans.
He’s becoming a success each and every day.
What about you?
July 21st, 2007 at 2:28 pm
Ha. For everyone telling Casey he should make a career of exposing fraudulent gurus:
John T. Reed got there first, and he did it better.
Story of Casey’s life: someone beat him to the real estate market, someone beat him to the self-serving pity blog concept (anyone remember Save Karyn?) and someone beat him to the anti-guru police force.
July 21st, 2007 at 2:47 pm
So, did you find the Utah payment yet?
July 21st, 2007 at 3:05 pm
How’d your bike ride go, booster?
July 21st, 2007 at 3:18 pm
@23
“A smart investor who buys four homes using this technique can make $100K per year, just using this strategy. All you need to do is to buy four homes in one year with at least $25K in equity.”
And a super-duper smart investor who buys one house can make $1,000,000 in a year. All you have to do is buy a house that has $1,000,000 in equity built in! Sheesh.
@32
“…you could sell the various ‘audiences’ of each blogstar to different ‘advertising demographics’. This would be akin to the same way that baskets of ‘mortgages’ are bought and sold on Wall Street (including yours) to profit from the unwary consumer.”
If you think that comparing marketing (audiences) to finance (asset-backed securities) makes sense, you honestly don’t know anything about mortgages. And how is the consumer “unwary” if they chose the loan, signed for it, and used the money to buy a house?
With “supporterz” like these Casey, maybe this post wasn’t too common-sense after all. Do you think that in the next post you can give advice do’s and do-not’s of playing with toasters in the bathtub?
July 21st, 2007 at 3:42 pm
Love the thoughtful words Casey. It’s time to close the blog and start trying something else. You failed at your re investing/speculating/business. Now you wish to give advice that just makes no sense.
If I’m not mistaken, OPM is used daily thoughout most people’s lifes in western society. It is what the world is built upon. More importantly, using OPM on education is a very smart proposition for most students. They do not have the money to purchase their education. So they used OPM to finance it, with the belief that what they are spending it on will be worth more to them in the future.
To use $30K to $40K of OPM to purchase a few weeks of re education is absurb. I’m in the re business. Got my license in 1990. I haven’t spent any where near that much money on real estate education. I’ll agree that I may not know how to ‘wrap’ a deal in Utah, but there won’t be too many of those deals out there.
As Stephanie noted earlier, get your re license and find a re company that will train you. You’d even be able to find many companies that have mentors that won’t charge you up front. Instead they charge you part of your commission.
I’m hoping for the best for you Casey, though I would like to see you follow through with shutting down the blog in a few weeks (if not earlier). Whether you can see it or not, for you to move forward in a positive way, it needs to be done.
July 21st, 2007 at 6:05 pm
Hey maybe I will even auction off my Real Estate Investing education collection. I have a BUNCH of stuff! There was some demand for it back when I did my infamous “beg-a-thon” to raise money for CashCall payment.
Hey moron you ever think that instead of selling your crap so you can go on another trip..that maybe you should sell that stuff and pay off a creditor? I wouldn’t pay more than 20 bucks for the whole kit and caboodle, because following their ‘great advice’ like you did would mean losing even more money. Just think Casey, you can put up all your real estate crap as a how-to for
1) Getting on the FBI most wanted list
2) How to get divorced
3) Thumbing your nose at law enforcement as long as you can
4) How to piss of the IRS
5) Losing your home, family and wife in less than a year, and yet still lose even more money…
6) How to be 25 with no job, prospects, and a bike as your assets…hey you could be a paperboy.
7) How to make enemies of everyone that comes into contact with you.
July 21st, 2007 at 7:00 pm
This actually sounds like good advice.
It sounds like Casey is learning some hard lessons. I’m starting to think that he never should have been able to dig himself into the hole that he did. Take a young kid who doesn’t know how the world works, tell him it works in a way that it doesn’t, and then watch him fail. Now, who’s fault is it that he failed?
July 21st, 2007 at 7:32 pm
So what happened on the Circus Circus deal? Even now, do you still think that a multi-billion dollar deal like that would hinge upon a deadbeat that mines his email for gold nuggets while sitting on a blue ball?
July 21st, 2007 at 8:28 pm
Do tell, do tell us about the Circus Circus Deal you (wait, I need to go outside for a moment…..)
…Ok, I am back, please tell us about the Circus Circus deal?
That is great market value entertainment Casey!
July 21st, 2007 at 8:47 pm
Hey Casey,
The whole point of getting an education is not really to learn anything, but rather to have a piece of paper that says “You can hire me, I have the discipline to work four 4 years strait at something.”
By getting these so-called education seminars, you basically have nothing that you can show to other people without them laughing at you. It’s like people who call themselves doctors because they have an internet diploma.
You don’t need an education to be your own boss, just a very good instinct and an ability to read people and work hard. You obviously don’t have these characteristics because:
1- You overpaid for most of your houses: That’s a big no-no in business
2- You lied and never seem to respect your engagement: can you hear your reputation being flushed down the drain
3- You are amazed, amazed, that it is a problem for others that you leave the country during a crisis without telling them.
4- Most of the contractors that you hired cheated you, but you could not recognize it when it happened.
5- You rely on others to help you, instead of realize that the only person that has your back is you.
6- You spend a lot of time looking for the easy way out, instead of a hard, solid work. (example, by investing 1$ at 5% per month, I would get 1 820 523 814$ after 40 years. It should be obvious that this is not possible, but you still believe it is.)
7- Your partners tend to be shady characters, not honest hardworking folks.
July 21st, 2007 at 8:49 pm
Did my rich Nigerian Uncle call you yet Casey?
He told me something about having 12.5 millions dollars and he needs your help moving it out from his account and into yours.
I just Emailed you the details.
Let’s do some sweet deals Casey.
July 21st, 2007 at 11:13 pm
Ah! The fresh breeze of not hearing from either M-turds or the D-turd for two whole days!
July 21st, 2007 at 11:18 pm
I don’t understand. Maybe the house-buying spree and questionable RE education was entrepreneurial risk-taking, and things like not opening the mail were somewhat understandable once it became obvious that the financial situation became desperate. But why have you been changing your mind so much lately, Casey? You pursued your dream almost to the end with respect to the book that was about to be published and the blog that was making money. But you gave that up despite the fact that, to get that far, you must have stretched to the max the patience of certain people in your immediate circle. There was also that new mentor, but then, if you close the blog, I assume you won’t need him. You love your blog as if it was your child but are now ready to close it, and you love being in the spotlight but now suddenly can’t take criticism anymore.
Why do I get the impression that, although everybody has ups and downs, you just don’t know what you want?
By the way, if you want to pay back debt, you may want to do it smartly. Think about it: considering the remaining debt, would paying that credit card debt really make any difference any time soon? After all, after a certain time, that debt would simply “expire” unless you reset the clock by paying. On the other hand, if all the credit card debt was paid now, do you think the FICO score would improve in any way that matters? And are you sure you really want to have your salary garnished, which is what will happen if you get a W-2 job, instead of continuing to control your own income?
I don’t know what to believe any more.
July 21st, 2007 at 11:28 pm
WHY WAS No. 75 truncated?!?!??!?!?
July 22nd, 2007 at 12:01 am
Casey,
You better resist the temptation of naming names of the people who told you how to commit fraud or other illegal activities, such as receiving too much cash back. The last thing you need is another lawsuit for defamation or libel. Don’t listen to the well-known haterz, who want to see you in jail, broken, and screwed.
July 22nd, 2007 at 1:49 am
Who cares about what you think is best for learning about Real Estate. Your thoughts have not merit because you have not succeeded.
That’s not entirely fair - lack of success certainly doesn’t preclude being able to teach others about why you weren’t successful. I had a spectacular commercial disaster a few years ago, but it generated a vast fund of useful “don’t do what I did” material.
But the crucial difference between me and Casey is that once I’d finished licking my wounds, I embarked on extensive analysis of just where I went wrong, and so I don’t just tell people “don’t do what I did”, I explain exactly why they shouldn’t. And I haven’t made the same mistakes again.
Casey’s problem is that to this day he’s shown no real understanding of why he screwed up so royally. The real reasons have nothing to do with being conned by gurus or being defeated by the market - it’s far more to do with Casey’s staggering lack of business sense (as demonstrated by this latest “thoughtful” post, a litany of recitations of the blindingly obvious) and complete inability to process any situation that shows him in a less than glowing light.
And one worrying side-effect (from his perspective, anyway) is that because he seems incapable of imagining potential downsides in advance, he doesn’t bother devising a contingency strategy or escape route - so when the inevitable failure happens, he ends up in a bigger hole.
But his problems go deeper than a failure of imagination, because hundreds of people are only too happy to warn him of the consequences of his latest schemes, and the vast majority have been proved right time and time again. How much better off would he be by now if he’d started listening back in September, got a job (or two, or three) and slashed his expenses to the bone? You know, the kind of thing most sensible people do when they find themselves in financial trouble?
July 22nd, 2007 at 2:43 am
Everyone says that your blog is boring now, and that the last talk isn’t worth the download. Have to agree on those.
, just use some sweet corprate credit. I can even introduce you to a Doctor who can get you some pills for that condition of yours;). I know of a couple of net cafes too, so you can do your cast from there. It’ll be great fun.
I have a great idea though. Come down to San Diego, the epicenter of the foreclosure disaster, and walk across the boader to Mexico, take some pictures, get drunk, etc. Then don’t tell anyone when you return, man think of the page hits. If you want I’ll show you around, but you’ll have to buy the beers
July 22nd, 2007 at 5:12 am
On your pathetic search for a “Mentor” (and the “GooRoos” are just your expensive 4 hr stand-ins for the mythical “mentor”):
1. In business, many people are able to partner up with a more experienced person, who knows the trade, and has been around longer, who will impart wisdom and lessons learned to those around them, guide them, kick their butt when they need it, praise them, look out for their career if growth is seen… these people are called BOSS.
2. In life, many people are able to partner up with a more experienced person, who knows the issues, and has been around longer, will impart wisdom and lessons learned to those around them, guide them, kick their butt when they need it, praise them, look out for their further development if growth is seen… these people are called PARENT.
It is clear you have avoided any meaningful interaction with either of these two sources that most people draw strength and character building support from. You never talk about ANY activity or direction you got from your parental units, esp pop. Why?
And if you choose to moderate this due to the ban on ‘familia’, you are an idiot, since I am not disparaging, but inquiring, seeking to let YOU gain the insight into why you are such a colossal F up. And then I’ll post it elsewhere, anyway.
July 22nd, 2007 at 6:10 am
You better resist the temptation of naming names of the people who told you how to commit fraud or other illegal activities, such as receiving too much cash back. The last thing you need is another lawsuit for defamation or libel. Don’t listen to the well-known haterz, who want to see you in jail, broken, and screwed.
On the other hand, one could argue that since Casey has nothing to lose, he’s in a stronger position to expose frauds than most other people.
The downside is that successful exposure demands a lot of preparatory work in terms of evidence-gathering and rigorous analysis before going public, and I’m not convinced that Casey has either the temperament or the business smarts to conduct such an operation. But I’d be delighted to be proved wrong.
July 22nd, 2007 at 6:31 am
There’s some value in the comments: I especially like #61 above because it purports to be about real people who have done it. Their strategies are decidely not flashy or totally innovative. They just do the work and capture the value and go on to the next property. “Rinse and repeat”. That is how it’s done. Or, I guess, one way it can be done.
I’ve somewhat shifted my view. I think you’ve exhausted the possibilities with the site and it is best to sell the domain. You could have explored further what it takes to be an entrepreneur, but I’m not sure your head is in it. Frankly, it’s hard work to find the right way, but potentially very lucrative.
Many of the courses probably have a grain of truth in them, but it’s not as all as easy they say it is because
1. they’ve decided it’s sell it to you- creating more competitors for themselves the same type of properties/sweet opportunities, making them less sweet
2. they’ve decided that the seminar and CD business is potentially more sweet that real estate: wouldn’t it make sense to concentrate on the sweet real estate deals
I don’t mean to suggest money cannot be made in real estate- it can- but with a more careful approach that builds on early success and builds the business one property at a time through execution of a plan. There are many real estate investors that have done so.
You do seem to want to offer others advice, but as others have said, you seem an unlikely candidate for this role, given your lack of success in real estate or even averting foreclosure.
You have created a successful blog- though it could have been more successful. You keep declaring the blog as a foreclosure blog, but the appeal always was in your struggles with yourself and those around you. Yes, you can monetize the word foreclosure for awhile, but could have spun off into a entrepreneur’s site for a recovery story.
Oh well, it is what it is.
July 22nd, 2007 at 6:54 am
If I had wanted to go into Realty as a career (I went into Engineering and Construction Management):
1. Get an accounting;/business management degree. Then I know where all of my money is. I also learn the idea of Time-Value-of-money, Interest-Rates, How to make your money grow.
2. During the summer apprentice myself to a contractor, each summer a different contractor (one summer a roofer, a plumber, an electrician, a carpenter). Then I also have the basic skills to be able to use the tools needed to fix a house and be able to tell if a contractor is trying to screw me.
3. There are certification programs available in project management. How to handle the details and make sure everything is coming out right.
What am i doing here? Making sure the fundamentals are covered first and then filling in the cracks.
July 22nd, 2007 at 8:27 am
So would you recommend getting in to realestate investing right now?
July 22nd, 2007 at 9:08 am
Casey,
One of the biggest scams perpetuated on the people is that lots of money will somehow bring happiness. I want you to read this poem by Longfellow and reflect on what he has to say…
A Quiet Life
Let him who will, by force or fraud innate,
Of courtly grandeurs gain the slippery height;
I, leaving not the home of my delight,
Far from the world and noise will meditate.
Then, without pomps or perils of the great,
I shall behold the day succeed the night;
Behold the alternate seasons take their flight,
And in serene repose old age await.
And so, whenever Death shall come to close
The happy moments that my days compose,
I, full of years, shall die, obscure, alone!
How wretched is the man, with honors crowned,
Who, having not the one thing needful found,
Dies, known to all, but to himself unknown.
-Henry Longfellow
July 22nd, 2007 at 10:01 am
Are you ever going to post the calls to the lenders you claim you were going to make a few weeks ago?
Are you going to update your spreadsheet?
July 22nd, 2007 at 10:03 am
Casey is single and available again~~~
sweet~
July 22nd, 2007 at 10:07 am
Casey, expose all the crooks that made you get into the situation you are in today.
You know it was not your fault, it was them! They made you do it Casey. I know you agree with me, right?
Start naming names Casey, watch IAFF go up in click (I know how much you love clicks) and sell IAFF big time.
Follow your dreams Casey and remember to fail forward!
July 22nd, 2007 at 10:29 am
Casey, I am feeling it in the air again, that you are thinking of calling it quits.
Casey, you must follow your dreams Casey. Think big, think possitive and more importantly, do what Casey says!
There are countless sweet deals out there ripe and ready for the picking. Go for the stars, do let those w2 LOOSERS get in the way.
Looking forward to your next flip!
July 22nd, 2007 at 11:15 am
Casey,
unless you have been dealing with the mob, you should tell the 100% truth about all your business transactions, who was involved, and what they recommended or helped to you accomplish. Tell this to the fbi and only the fbi and only when they ask and not over the phone. Make sure you see identification. Don’t blame others, just tell the whole story and let the feds decide all.
Shut the blog down. After a few weeks of not blogging I believe you will feel better, and probablly have more energy and motivation and not be so mentally drained. It will be kind of like quitting smoking. The first few days are a b**** but it slowly gets easier.
Let g***** do what she feels she has to at this point. If it was meant to be she will eventually come back.
And get a god damn full time job that does not deal with commisions. This is important because it will occupy your mind so you don’t just think about your problems all day.
Read this freakin book already. It’s right here free online. You will find it intresting I’m sure and learn a bit too.
Spend some time with a dog in a park. Borrow a friends dog or just go to a local dog park and mingle. (easiest way to get laid also).
I hope you realize why the haters are haters. It is because you show no remorse. PERIOD!
If you truly change your ways people will flock to be of assistance.
The $ you wasted on your scaminars in the past is a shame, but you can’t change the past. Chalk it up to lessons learned and don’t let it bother you. If you really wan’t to make the best of the next few years then join the marine corps. You will come out of it mentally strong and ready to take on the world. The fbi might even take it easy on you if your an active duty devil dog. A judge will. Trust me I know. 4 years in the Marines is better than any amount of time in jail. Even just a few months. Don’t believe that you will end up in club fed and all will be alright. Not gonna happen. hard to be a neutron in the can, too. You’ll understand that one in due time.
bob
http://www.mypivots.com/articl.....20Operator
July 22nd, 2007 at 11:45 am
Hey there Casey,
Looks like Keith of HousingPanic.blogspot.com is on your side.
Or is he?
HousingPANIC nominee for quote of the year
“It is just unbelievable how many people were conned
into taking these mortgages,”
- Walter Hahn, a real estate economist and consultant in Irvine, July 2007
url: http://housingpanic.blogspot.c.....-year.html
July 22nd, 2007 at 11:47 am
So what happen to the MULTIPLE over 100k offers you had on the table for IAFF.
Did you take any of those offers of over $100,000.00?
Oh, side note, your last buyer of $ 20k, Duane backed-out. Why did you accept 20k when you have offers in the 150-200k area?
July 22nd, 2007 at 12:33 pm
Casey, I sense a disturbance in the force.
I sense that you are listening to the W2 looooosers again. Resist Casey, resist!
Follow your dreams and don’t let go. You are entrepreneurial at heart, you tell people what do to and you don’t take orders from others Casey. Show them who is boss.
I know that if you do a few more flips, you will be happy again Casey. Listen to your inner self, it is speaking loud and clear.
July 22nd, 2007 at 1:47 pm
You guys butt out of Casey’s business, stay out of his marriage, I think I would question why Dwain and Mark are in your life, what weirdoes, I bet they want in your pants Casey’s, there all closet perverts, that is the truth.
You have got yourself in financial trouble, now you have all these internet losers in your life, so now you do have more problems than you started with.
Who cares if he pays back his debt, do you know how many foreclosures 1 out of ever 12 homes in Michigan are in foreclosure, they are not paying back their loans, and all the people file bankruptcy so they had to change the laws with regards to Bankruptcy.
GET OFF HIS BACK, YOU ARE LOSERS!!!!
CASEY HANG UP ON THESE NUTS! NO PART-TIME JOB, YOU HAVE A JOB, WHAT YOU ARE DOING NOW, SO TELL THESE MORONS TO GET OUT OF YOUR LIFE.
JP MICHINGAN
PS It is great you took a trip to Australia, take a vacation, get this all off your mind, you do NOT have to think about this 24/7 or you will need professional help. WHAT JERKS!
July 22nd, 2007 at 1:52 pm
Aren’t there enough loose ends to tie up in the final weeks without having to resort to pointless product reviews and music contests? Tell us the things we’re dying to know:
1) Have you updated your resume?
2) Have you actually applied for any jobs, other than the one your “advertiser” was pitching to you?
3) What types of jobs are you applying for?
4) You said you had a higher offer than Duane’s for selling the blog. What happened to it?
5) What’s going on with Marty?
6) Have you solved the mystery of the missing Utah payment yet?
7) Have you contacted Cashcall yet? Are you even planning to?
8) Have you even tried to update your financial statements since Feb? Do you even have access to the documents?
9) Have you settled your case yet?
10) Who, specifically, informed you about the FBI? Have you bothered to confirm that the phone call you got wa from a real agent?
July 22nd, 2007 at 2:29 pm
#104 chitownplmbrbob:
“If you really wan’t to make the best of the next few years then join the marine corps. You will come out of it mentally strong and ready to take on the world. ”
No, bob, Snowflake doesn’t have what it takes for any of the Armed Forces, and ESPECIALLY the Marines.
I was a Marine, (a grunt), and above all else…beyond ANYTHING else, your fellow Marines need to be able to count on you…that you’ll do the right thing even when no-one is watching.
It’s called “Duty”.
This maggot has shown utterly no sense of duty to anybody or anything.
If, by some dark miracle, he should find himself wearing the Eagle, Globe, and Anchor of the Marine Corps, I’d make a special trip to find him and thump the bejesus out of him for besmirching MY Marine Corps.
I’d then make it a hobby to find the unit he was inflicted upon, and inform the platoon sergeant that they just found the guy they were looking for to “walk the point” or be “first through the doorway”.
And sadly, because Fliptard’s such an unreliable and untrustworthy little sh*tbag, that means that better men than he need to perform those high-mortality duties.
July 22nd, 2007 at 4:29 pm
Hey Landlord, Regarding your response #109 above.
Let me say it for Casey, “LANDLORD GET A LIFE DUDE, HE DON’T OWE YOU ANYTHING, NOTHING, NO EXPLANATION AT ALL, YOU INTERNET FREAK.”
CASEY, do not listen to these NUTS, hang right up on them on your TALKSHOE, do not respond, it is NONE of their DAMN business! Get a life Loser!
JP from Michigan
July 23rd, 2007 at 2:39 pm
Smart move.
July 23rd, 2007 at 9:00 pm
Casey do what chitownplmbrbob and Sharky suggested. Join the marines. That’s where all the other noodle heads are. You’ll fit right in. You’ll come out and tell others you are proud of being a “grunt”