March 31st, 2007 6:52 pm
$250 Talk with Nacho: Debt, Job, Finances and More
“Nacho” offered to pay $250 for one hour conversation with me about foreclosure, debt, job, finances, etc. She gave me a $50 deposit last night and we had our talk today at about 3 via TalkShoe.
Nacho tried to “talk some sense into me”. It was a good conversation, though it turned into more of a debate. She says she means well but I felt judged and criticized. She was getting frustrated with me and my views.
If she is really sincere (I wonder sometimes) then I do appreciate her efforts. I can learn from all this criticism because there is some truth to it all. And on top of that she paid me the balance of $200 immediately after the call.
Nacho, thank you for your payment and for taking the time to “talk some sense into me”. These types of talk help me evaluate myself and examine my views and strategy. I may or may not change my direction but at least I will consider it. It’s all good!
Listen to the recording of the $250 Talk with Nacho: Debt, Job, Finances and More.
88 Comments
March 31st, 2007 at 7:04 pm
Now I don’t know who’s more retarded, Casey or Nacho.
March 31st, 2007 at 7:07 pm
What’s it cost to be first?
March 31st, 2007 at 7:20 pm
Free Pizza day at Casey’s house tomorrow 11am(sunday) , RSVP,
oh bring your own food and drinks too.
casey is broke, remember???
March 31st, 2007 at 7:22 pm
Casey… I listened to the talk in real-time. Do you understand that it’s very difficult for many people to believe you when you claim repeatedly that “good things are right around the corner” but won’t answer when pressed as to what these “good things” are?? You come off as very shady by saying stuff like that. Would you believe me if I said I was about to make $10K/month but I couldn’t tell you how?
It was rather annoying to hear you use the excuse of using loose language constantly. You claim to be vegan, yet you eat meat — “Well, I was using that term loosely”. You’re supposedly a tithing Christian, but you don’t attend a church regularly — “Well, I meant it loosely”. You admit many of the haters don’t actually hate you; they’re just frustrated with your actions — “Well, I was using that term loosely”. Sheesh.
You freely admitted that you shouldn’t have quit your full-time job, you freely admit your need for a stable full-time job right now, and then you refuse to search any of the online job sites. How do you think that makes you look??
Lastly, you said you were saving money by living with your sister-in-law, instead of renting a house for $2000/month. OK, that’s good. But if you’re supposedly saving money, why does your checking account have only $40 in it? Either you’re lying about putting away money (hence your need to beg for cash), or you’re lying about where you’re putting the money away. Either way, I hope you understand that you come off as very suspicious. That’s all.
March 31st, 2007 at 7:30 pm
I’m listening to the talk, and it seems to me Nacho is a very sincere person and She’s telling the truth.
Casey, Casey,
you should listen to Nacho..
Casey, don’t be a jerk..
March 31st, 2007 at 7:41 pm
Casey,
the reasons we(realtors) buy houses for ourselves are as follow,
use as leverage for the tax purpose
investments
We Bought many houses with no down in California.
We do not lie to lenders and we are honest cuz we have big income so we need to buy more houses for tax purpose.
We do make payments.
We do not get cash back like you do, We have ethics.
Be Honest, Casey, We don’t buy jamba juice like you do.
Casey, do you have big INCOME like us??
March 31st, 2007 at 7:44 pm
So are you going to change your ways?? Or did you just want the $$$?
March 31st, 2007 at 7:44 pm
I suspect that since you got your money and met CC’s artificial deadline, you’re back in Casey-mode.
You appeared to be in reality mode for much of last night, and that was sweet to see.
You got the suckers to bail you out - you are good!
And I consider myself a sucker since I offered $70. Fortunately, you wouldn’t (1) come clean on Utah, (2) change the ASW words, (3) tell us the highest stated-income. I would have paid. And probably be kicking myself today …
One thing I know you accomplished is to have a new note in your CC file reading something like “squeeze hard, threaten legal, and he’ll find the money”. You’ve shown them you can be intimidated. You’ll be hearing from them again I’m sure.
You’ve also learned that there are decent human beings who, when you pull the right strings, you can get money from (probably not the same ones, certainly not me, but there’s always others). Until next time…
March 31st, 2007 at 7:58 pm
Casey,
you promise to pay and you didn’t pay so you fail on ur promises on loans
why blame others not to do the promise when you can not even fullfill your own promises?
liar
March 31st, 2007 at 8:08 pm
I am listening to your talk. You have a real problem with honesty. Perhaps you should start slowly, like not lying for one hour.
I don’t think you care for your audience either. Your hostility shows. You can’t even get past question #1: you really are pathetic.
God, you were suckered for $22k, and you still defend the slime who suckered you. They charged you $2k, and they gave you $4k. Do people have to draw you a picture???
The haters are right Casey. You are a con artist. There is not one once of remorse in you.
Unfortunately, you are not fooling that many people, as much as you are fooling yourself.
March 31st, 2007 at 8:11 pm
ASW - sweet
Eckstein von einstein my young jedi. I am high as a kite as I write this, and looking down at a sea of stars. Nevertheless, young head casey, I truly wish you all the mightyness from the pit of my batavia.
Sincerloosly,
Edvard
March 31st, 2007 at 8:11 pm
This is getting boring.
Adios,
Rio Rancho Friend
March 31st, 2007 at 8:22 pm
Casey, you destroyed “T”. She felt it was ok to grill you, but she could not take that you did not give in. You have soem cojones! Who woulda knew?
March 31st, 2007 at 8:29 pm
Casey,
In this post
http://iamfacingforeclosure.co.....-on-monday
You said that you had someone helping you moderate and you were going to get moderators, where are the moderators? I think you should start interacting with your users more. The blog was getting pretty stale except for last night.
March 31st, 2007 at 8:34 pm
Casey dziendobry,
I sees you are in such big money’s troubles that Gypsy tears will not even save you from real-estate situation. Maybe peoples can donate $$$ so you can buy plane ticket to glorious Uzbekistan? There on the wild steps you can open Jamba Juice in glorious Uzbek country and live happily ever after.
dziekuje
Bilo
March 31st, 2007 at 8:35 pm
Casey,
Your getting there dude. It is a mess and it takes time to work through…
Let me give you a thought…please respond…
Any mature business venture will return 8%-12% MAX, before taxes, before adjustment for inflation….(after being paid a reasonable salary for your efforts). 8% to 12% on money invested…
It is not real estate, it’s not even a business thing…it is a human nature thing.
Keep going, you’ll do fine (just not this round).
March 31st, 2007 at 8:40 pm
casey,
i will send you some Gypsy tears to keep bad deals away.
bilo
March 31st, 2007 at 8:41 pm
I just listened to this call. I was disappointed with Nacho a bit. I think Casey left himself open and vulnerable on many fronts during this discussion, and Nacho never really cornered or checkmated him.
For instance, when discussing the vultures that Casey has attracted, she should have mentioned PR Bizlink.
When talking about why he didn’t get a job, Nacho really let Casey skate with his argument that his$1500 a month ‘job’ constitutes work, and morally satisfies his responsibilities to the creditors he’s defrauded.
Casey, let me ask this. Would you accept from others the offer to debate you for an hour?
March 31st, 2007 at 8:44 pm
I have 2 questions Casey. You said if you raised extra $ then your readers could vote on how you spend it so where do we vote?
and
what did you eat for dinner last night? You posted a picture of some yellow congealed stuff. It looked like a cross between butter and cornmeal. Just curious what was in that bowl.
March 31st, 2007 at 9:01 pm
I listened to your call.
You sound like my friend who got into massive debt from gambling. The denial and justification phase.
Anyways, did Annie pay you the $200?
March 31st, 2007 at 9:02 pm
I can’t believe you still think these real-estate courses and seminars are worth the money.
You know the saying “Those who can do, those who can’t… teach”?
Think about how that applies to these real estate gurus. They make more money off their seminars than “sweet deals”. You can learn most things you need for free or mostly free. Not only that, these courses are offered for suckers: the type of people who think that if they only find out the “secret” they can make it rich.
Then you try to convince Nacho that you could make money flipping in a down market when you lost everything in the biggest real estate boom in history? I don’t think you realize yet the amount of scamming goes on in the market. People might not even be directly scamming you, but they talk up the market when they know full well that it’s a house of cards.
You ask “Who do you think I should listen to?” Well, listen to me: you need to forget everything you think you’ve learned about business and real estate. If you’re interested in ever getting back into the game, take basic economics and math classes at a community college. Then maybe take some business classes.
I’ll give you a couple of pointers that you seem to need:
1) Debt is not income!
You refer to cash back on a no-money-down deal as “infinite ROI”. That’s completely laughable Casey. Laughable. The cash back is a loan. You borrowed money, you didn’t earn it, it’s not “return” and you still have to pay it back. Thinking about a loan that way is extremely childish. A real estate “guru” might applaud you for that, but a real business person would call you crazy.
2) Equity is a myth.
Real estate gurus like to talk about pulling equity out, but you’re really just borrowing. You’re going into debt. A house is worth what someone will pay for it, and until you sell it you don’t really have equity.
The reason you need to really, really, REALLY need to understand this is that you keep on saying things like “I was buying these thing with equity already in them” or “I was buying under value”. Well, considering that you couldn’t sell the house for the amount you owed on it, then you didn’t underpay for it, there was no “equity” in the houses.
3) You were speculating on every deal.
I don’t care whether you think you weren’t paying full value, you were speculating and not investing. With all these zero-down loans you weren’t actually investing anything. You were borrowing. There’s a huge difference.
4) You didn’t get into this trouble because the deals didn’t work out.
You might think that everything would be ok if only the deals worked, but the truth is that you were screwed from the moment you started. You bought into the idea that the market and the “sweet deals” couldn’t fail, when the reality was that the market was a sham at that point. The deals were doomed because the market wasn’t going to go up: it was built on top of grater fools and you ended up the greatest.
5) Prioritize and get humble.
You don’t need an expensive phone plan. You say you need it for business, but what business are you doing? If you’re not making money off the website, then moderation is a hobby. You can’t afford expensive hobbies right now. You don’t need internet at home, you don’t need cable. You’re broke, man. Realize it and cut your bills. Soon you won’t have any choice.
I hope you figure this stuff out, but I’m not so sure you will, because to really understand where you are and where you went wrong you have to lose many presumptions you have about the world, business and people. You need to find a way to gain some common sense. Unfortunately common sense is not usually learned. Maybe getting beat down all the way will do it for you.
I wish you luck.
March 31st, 2007 at 9:03 pm
“You’re 2.2 million in debt and I’m not.”
That just about says it all for Nacho’s POV.
This is about the stupidist woman I’ve ever heard in my life. Because this church lady is such a moral failure — having a criminal record, never investing, having a s*** 9-5 shop - she feels spiritually superior by devoting your life to criticizing you.
unfortunately, none of her “advice” make any sense, is useful or has any relevence other than to make the other person defensive. Here is her advice
- go to church
- get a job
- i am better than you. do what i say.
That sure was a $250 hard earned. Realizing you had to trade your time to listen to this shrew, I feel bad for you Casey.
March 31st, 2007 at 9:05 pm
Casey,
You call yourself an investor and entrepreneur and you admit you are not good at risk management. If you don’t know how to manage risk, you have no business to be in business or to be investing in anything. You need to be an individual contributor somewhere where you can learn from someone else on how to manage risk and do basic due diligence.
There are only two types of people who would want to partner or do business with you. The first are people with your basic business and investment skill level (greater fools), or people trying to con and rip you off.
Nacho/T, you are a stand up person and I greatly enjoyed listening to you trying to teach some sense into Casey, but you would have better success debating Kantian philosophy with your wrist watch.
chopper
March 31st, 2007 at 9:40 pm
Casey:
A real college education would have helped you avoid these mistakes.
A few econ classes would have helped you to see the bubble BEFORE it burst.
A behavioral finance class would have helped you immensely.
Psychology, ethics, and logic would have helped you to realized the kool-aid is poisoned. They would help you be a good BS smeller.
A few accounting classes would have helped you handle your business a lot better. You might not have committed fraud.
Both the econ and accounting classes might have taught you a few things about risk management.
A few business classes would have taught you how to run a business.
Getting a degree would helped you to have discipline and helped you to work hard.
I bet that these seminars you went to taught you none of these things. Especially in regards to economics because this housing bubble is only the largest bubble in the history of freaking mankind!!!!
Casey, there’s nothing wrong with being an entrepreneur. Without them, no one would have a job. It’s obvious that for you it’s not working. With you, there’s always a new pipe dream around the corner that’s going to bail your a** out. Except that nothing ever materializes. Quit kicking against the pricks.
Most people do these things on the side. I do some odd jobs on the side. There’s nothing wrong with doing these things full time if you actually MAKE money. Instead, you have $40 in your checking account, two months behind in rent…
Casey, you’re not a entrepreneur. You bring nothing to the table. You admit this by saying you need advisers.
Fixing and flipping is only a recent phenomenon. In the past, someone trying to fix and flip would lose their shirt unless they ripped off the owner when they bought it.
In the past, the way that people made money in RE was to buy and hold. That adds value because there is a need for landlording.
Casey, do you understand what an “efficient market” is? How about arbitrage? Entry? Fundamental analysis? Technical analysis? Opportunity cost? Elasticity?
Did those seminars teach you ANY of that?
Casey, what these seminars are basically saying is that RE is an extremely inefficient market and that only they know that fact and they they are letting you into the club. That’s insane!
They also assume that sellers don’t want to sell at market price. That sellers want to give away their houses to you KC.
Passive income is everyone’s dream. Most people get it by working their asses off and saving a lot of money.
Or they really use your brain and create something of value that people want to pay money for. In other words, create a Win Win. Add VALUE!
You’re only interested in these get rich quick schemes.
Casey, I work my a** off. I work 1 full time job and 2-3 part time or do odd jobs. This adds up to 70-90 hours a week.
Guess what Casey, I AM NOT FACING FORECLOSURE. I’m only a couple years older than you and will have my house paid off in 3-4 years.
I also have a 401k, but don’t listen to me. I’m a 401k loser.
March 31st, 2007 at 9:40 pm
Gee Casey, last night you promised instant unmoderated comments for $10 a month, and what happens today? 0 comments…”Your comment is awaiting moderation by the blog owner. (Typically takes 12-48 hours).”…what am I to think as a person who is part of this bargain?
You never did answer my question as to exactly how you got taken for $5k for the corporate credit consulting. So much for a night of open and honest questions and answers, like you promised Annie.
I can see why your audience hold you in such low esteem.
March 31st, 2007 at 9:41 pm
Casey, I have to hand it to you (I can’t believe I’m saying this) but you came across much better (on some issues) in this call than in the past. Nacho had some good points though. She brought up the Corporate Credit idea and I think your comment blew her mind so it was hard for her to collect her thoughts and point out how your specific entry on corporate credit just shouted out “minefield of trapdoors” for you to fall further into debt.
Answer me this: When you asked your CPA about this, what specifically did he or she say was OK? - Was it: A) Getting a personal loan from a corporation or B) Buying or setting up a corporation, then having it take on debt via its corporate credit line, and passing along some of the capital raised by the credit line to an individual via a “personal loan”. I’m guessing that “B” is shady!? - or at least a recipe to drown in debt. Which is it A or B?… or C) None of the above? Did the CPA actually view the website or materials from the entity you named back in December before saying “it’s all good”?
March 31st, 2007 at 9:45 pm
This is the first time that I am posting, I just want to mention a few things.
Seriously, if this “Nacho” has given you $250 she should be pulled of the “Hater” list.
I have heard that she has been dragged through the dirt on other blogs for her criticisms.
I say we give her some slack along with the other kind people who have given money to keep you afloat.
Maybe there is no such thing as a “hater”, deep down most of the people here would like you to pull out of this mess and show the world.
Rock on Casey! Its all good
March 31st, 2007 at 9:46 pm
Nacho is telling Casey he blew his money on worthless things yet she’s donating (i.e. throwing away) $250?
March 31st, 2007 at 9:56 pm
Would you consider letting us haterz try to clear one of your lines? Post the last bill for the smallest one up and see if we can clear it. One condition - you have to then close the account and cut up the card and post the evidence.
March 31st, 2007 at 10:01 pm
The truth is Nacho paid $250 to get her a** handed to her on a plate by Casey!!!!
Casey, after listening to most of this call I have come to the conclusion that you are a very intelligent person who just got unlucky with the 8 homes. I have no doubt that you will bounce back in no time and achieve your desired success.
Nacho, you are a whinning overweight annoying lady. Lose some weight before you question Casey next time. However, I appluad your decision to donate $250 to Casey.
March 31st, 2007 at 10:11 pm
“She says she means well but I felt judged and criticized.”
Let me administer a clue, aspirant. Life judges you and criticizes you, every day, and rarely forks over cash for having done so. You have not been measuring up for at least several years.
You are at the end of a long cycle of dissipation, having used up your credit, your employment, and the goodwill and trust of your family and friends. Where you go from here is up to you. Reality says you’re not far from the street.
March 31st, 2007 at 10:34 pm
Is this the same Nacho that knows Petro?
March 31st, 2007 at 10:38 pm
Watch this clip and really think about the part when he says, “a loser is a loser”.
http://www.youtube.com/watch?v=ReyWn8X8CxM
asw sweet
March 31st, 2007 at 11:15 pm
You’ve finally found a way to get money from your blog/fame. A little over $500 in two days. If you can keep this stable and only do it during weekdays, you would be able to tell Cashcall that your monthly income would be $5000/month.
March 31st, 2007 at 11:34 pm
This is just sad. Casey, the R/E gurus were not trying to help you. Nobody is trying to help you.
April 1st, 2007 at 12:23 am
Casey,
You sounded very negative in your conversation with T. Are you becoming a ‘hater’ now yourself? If you are getting so sick and negative then I believe you would be better off not not post or speak, just wait until you are feeling positive.
$250 is not worth the defensiveness you are portraying.
-Big Cheese
April 1st, 2007 at 12:50 am
Sick and twisted Investor guy here. Real quick.
Ok, first the bad stuff:
– I do have investing experience. I do own rental property.
I think your real estate guru’s are 90% predatory, and 10% sort of predatory, but less junky. I learned the most about real estate by not reading/buying any of them and just talking to a good mortgage broker and agent, plus doing a lot of reading online. I went through each one of your purchases. I found slim to no equity on the date of purchase. Maybe I had the numbers wrong? Ok, you’re entitled to1-2 mistakes, but SIX of them? You don’t win there. I can tell you’ve thought about this though based on your response to my hypothetical investment scenario last night, so if you really are going start buying that way, I have more faith in you.
– You lied on your loan app, and you know what you were doing was wrong. Stating your income higher than necessary I can more or less dismiss because that’s very common with stated income loans. The lenders knew what they were doing offering these loans, particularly when they make them available to wage earners. And I do believe as a creditor, you are gambling that a person is going to pay you back. (But I wonder if you know about the Request for Tax Transcripts that you have to sign on most of them…oh well)
The one thing that was lying outright was stating it was an OO property. That’s a no, no. And most mortgage broker’s should have told you that. And you know you were doing the wrong thing and were outright cheating there. You had no intention to live in your overleveraged houses, (much less rent them), although you could have lived there while they were selling, it may have slowed down your real estate shopping spree.
The good:
– I don’t see it as a big deal that you’re becoming a contract programmer rather than an employed one. And I don’t think Nacho understood that, and her inexperience with the IT field oozed. Many programmers make their living that way. The question I’d ask is do you have enough clients to support you. If you do, I don’t see the need for a 9 to 5 40 hour job. If it’s speculation, forget it and get the 40 hour a week job until you’ve got clients. I actually think your resume is more suited to contract work than employment because an employer is going to look at the length of time you spent in your positions and that will raise a red flag. Your resume positions you more as a “content programmer” than someone who actually writes programming code.
– I think Annie should have given you something. If she was unhappy with your responses, she should have told you to cease and desist and asked for a refund, not kept you going until 4 am. I think any small claims judge may side with you.
April 1st, 2007 at 1:15 am
I can’t divulge any details, but I am grateful for this blog because it’s given me many ideas in the last couple months! One of them may pan out to the tune of $17K-$50K in the next couple weeks. SERIOUSLY, all of the posters and their links, plus just general information have not only inspired me, but some ideas are now getting ready to pay off.
This has nothing to do with foreclosure. I will definitely post the results if it all comes to fruition.
Casey, you may not be a guru on foreclosure, but this blog is providing gifts in many other ways, and I thank you!
April 1st, 2007 at 1:48 am
Watch this.
http://www.youtube.com/watch?v.....mp;search=
April 1st, 2007 at 2:53 am
I’m listening to this audio clip and can’t believe what I’m hearing. It’s a pity Nacho doesn’t know much about RE investing because I’d like to hear some answers on some of the more technical details of Casey’s investment.
Can Casey confirm something said in the interview? He has spent $20,000-$30,000 dollars on RE courses none of which covered cashback on closing deals? But he did it on some of his deals? So where did the idea come from? Did he check out the laws and consequences on doing these types of deals in all the states he did these deals in? (My guess is no)
He goes on about assuming about people without knowing the full story. I don’t know the “full story” about Ted Bundy but I’m pretty sure that I’m correct in assuming he wasn’t a good guy. We can only make decisions on what we know. If we have incomplete information then that is all what we can make our assumptions on.
He also goes on about all these “deals” that are in the pipeline but have yet to show anything. I look forward to hearing about then in, say, 3 months time when he can tell us about them all, how they worked or why they didn’t work out.
I still see that he believes the BS merchants, the “you don’t need to work to be rich” types. He actually mentions the “multi streams of income” which is fine if you can accomplish it but there’s plenty of people who make good money (and more) from specialising in one subject, running one business etc.
I look forward to seeing what happens in a few months, as, at present, all I see is repeated fallacious information on how there’s another sweet deal in the pipeline, procrastination over taking action like talking to an attorney, going back to a job, and failure to take the real basic actions like cutting back on spending. Sooner or later this is going to catch up with him (like the Cashcall loan payment) and it will just get worse as more debts become due and lenders take action to recover their money.
April 1st, 2007 at 3:03 am
Casey didn’t own nacho: it’s the other way around.
You can clearly see Casey’s erroneous mental processing errors in this phone call. To me, he sounds extremely arrogant and unable to admit a single mistake he has made.
He sounds like a scientologist in the way he defends his choices and especially the money spent on the seminars. He repeatedly refers to himself as a “real estate investor” when he clearly is not.
He becomes extremely defensive when pressed about fixing up the houses. He talks about “redoing the kitchens and bathrooms” without giving a timeframe. Nacho mentions the pictures of the houses and interiors as not being evident of work put into the house and he gives a little laugh.
She keeps pressing him on how he was making money and he keeps dodging the question.
“just because I am two months late on rent does not mean I am doing something wrong”
“you should be happy that I am doing some moderation”
“imagine how little I would be moderating if I did not have internet access on my cellphone”
“I keep traveling around town and do trips outside the area”
April 1st, 2007 at 3:05 am
Just read some other posts and I have to agree with Investor Guy, (post 44).
One further thought. The first property Casey bought was the Condo which he made $30,000 on. He then spent $20,000 ish on Real Estate courses and hasn’t made any money on property since. Does that tell you something about the RE courses?
April 1st, 2007 at 4:57 am
Tell the truth folks, which is more frustrating? Watching Casey’s real estate empire implode due to ineptness, or watching Casey let all the monetizing opportunities of the blog vaporize before his eyes.
How your haters would fume if you turned into a internet millionaire Casey. You have the traffic, the media attention, and the people willing to pay to interview you, buy you groceries, etc, pay to post unmoderated comments…
I think you might be a perfectionist/procrastinator…you want everything to be perfect before you put it out there. Well, that won’t save you now…the internet is forgiving…just get these money-making ideas for the blog rolling and don’t worry about the perfect design or the perfect database setup. Just do it now, and revise early and often.
asw: vdubs
April 1st, 2007 at 5:53 am
Annie is now saying that she shouldn’t pay you because she has a broken windshield?
What does one thing have to do with the other?
I think she’s trying to “teach you a lesson”, to make you feel how your creditors feel, however all it tells me is that she has no character.
Annie, pay your bill to Serin.
April 1st, 2007 at 6:08 am
@ 28. Lost Cause
Gee Casey, last night you promised instant unmoderated comments for $10 a month, and what happens today? 0 comments…”Your comment is awaiting moderation by the blog owner. (Typically takes 12-48 hours).”…what am I to think as a person who is part of this bargain?
So you paid $10 to Casey for this?
Did anyone else?
April 1st, 2007 at 6:12 am
I can’t believe I wasted my time listening to this. Casey is continuing to drop “I have sweet deals around the corner” which he’s been saying for the past 6 months. He’s delusional. What is Nacho’s goal in doing the interview? These are same questions and answers he’s been giving during the past 6 months.
At first I thought Casey was a nice guy but the more that I hear him/read him, he’s either a con artist or brainwashed. I can’t believe someone can be so naive.
April 1st, 2007 at 6:25 am
The engame is upon us…
Our hero at one point thought this blog was going to be the road to salvation… more quick get-rich-quick schemes… big things are on the way! every “deal” related to this blog has crashed and burned one way or another… the houses are almost all gone… after months of warnings, our hero finally gets scared about CashCall…
With everything about to end, where do we find ourselves? Begging for a couple hundred bucks and getting paid to do what you initially set up the blog for… to tell the truth…
Casey, I used to loathe you… now after this week’s humilation I truly feel sad for you… this blog has no real merit anymore… it’s just you promising big things are on the way and the few obsessed “fans/haterz” who are determined to get one last bit of “truth” out of you…
All to end up begging for a CashCall payment… if you think about it, it’s really humiliating… you should shut this blog down and try to rebuild your life. At this point do you think this is really worth it?
You’re not going to get famous/rich from your experiences… no one is going to come offering that big book deal or movie script…
RE, like the .com bubble before it, is crumbling now… the jig is up…. it’s time to get on with your life kid.
April 1st, 2007 at 6:37 am
Mr. Serin!!!
$250 closer to financial freedom!
Congrats!
–
Law School Forum
April 1st, 2007 at 8:45 am
I’m ashamed of Annie. There, I said it.
Maybe she thinks she’s teaching Casey a lesson by refusing to pay up, but it’s a lesson he already learned from his friend who owes $8k.
But making a relatively desperate person jump through hoops answering questions and taking photos for her amusement when she never intended to pay? She’s coming across as every bit as exploitative and conscience-free as the people she claims to be superior to.
Annie, seriously, stand by your word.
April 1st, 2007 at 8:52 am
I was going to post until I read #44
Perfect
Casey, do you consider him a “hater”?
April 1st, 2007 at 9:26 am
Clearly 99% of the people on here have never invested $.01 or made any money or even attempted. They are stuck at their jobs or in their mom’s basement, and that’s why they are hating and crying, “get a job” or reacting with such schadenfreude.
If anyone bothered to take 2 seconds to type GSPC into Yahoo Biz they’d releaize GSPC is S&P tracker and not even a real stock - thus the post is clearly and obviously a April Fool’s joke.
Herein lies the problem with this blog - while its educational, the internet has allowed any half-baked ignorant brain to spout off dubious financial, tax and real estate advice to Casey.
April 1st, 2007 at 9:30 am
Nacho gave $250 ???
Stupid.
Casey should give $250 for her advice… I can’t believe he managed to get money from people here…
April 1st, 2007 at 9:45 am
T/Nacho got OWNED last night by Casey. You know what? T admitted several times that she is a convicted criminal. That explains alot.
April 1st, 2007 at 9:55 am
It wasn’t worth $250 or an hour of anyone’s time.
April 1st, 2007 at 10:06 am
Casey you are a tool… you sounded like a mad 5 year old who didn’t get candy when Nacho was grilling you.
April 1st, 2007 at 10:47 am
I don’t hate Casey by any means. I’m critical, but not in the camp where I don’t believe he’s beyond redemption. Such a bloodthirsty society we live in.
He’s a young, impulsive kid. And he doesn’t know when to keep his mouth shut, or that it may be a bad idea to publicize all your financial transactions for the world to scrutinize.
He’s like one of these people that they haul into the interrogation room at the police station after a crime who starts talking. And keeps talking. He tells the police all the details of his life and his questionable doings, and, in doing so, implicates himself to make the prosecution’s case and then wonders why he’s in prison and writes a blog about it.
I think he’s a smart, but lacks wisdom. He takes no personal responsibility for things, but neither did I when I was in my 20’s. He clearly doesn’t know when to put on the brakes. He’s the kind of guy that I like to see at the poker table–the maniac who will throw all his money into the pot when he’s holding a 7,2 offsuit (the worst hand in poker), hoping to bluff the other players–and then he gets called by 5 players.
Still, I actually get some clues that he’s thought about his failings and maybe has some ideas about how to do things better. If he sticks to them, he should be all right. Casey: Keep your chin up.
I must admit this site is entertaining–and contrary to what other people have said–it is a lesson. It’s made me think about my own investments, where I made good descisions and bad ones. How the seminar charlatans prey on anyone with real estate dreams–and typically the poor and uneducated; which is really vile. How people deny personal responsibility and lack intelligence by following seminar advice and not questioning it, or being blind to the results or measures of their own endeavors, and how a lot of the speculation of real estate housing/investing boom was just buy at any price and never run the numbers on a real estate deal–eerie in that it was similar to the stock market where people would buy a stock at any old price. The irrational exuberance concept. (Or the mindless cows going over a cliff as I like to think about it.)
April 1st, 2007 at 11:01 am
Aren’t we all becoming enablers of Casey’s leverage habits, are we? We are such a codependent bunch.
I still strongly urge that Casey update his financial statement spreadsheet. Isn’t it the minimum courtesy before asking for money?
April 1st, 2007 at 11:14 am
I love how Annie is making all sorts of excuses for not paying KC. mother with chronic illness. windshield. money was hard-earned. etc.
Annie, if you couldn’t bear to part with your money, why did you offer it in the first place and make the bastard humiliate himself for it? You have no character. You’re no better than Casey Serin.
April 1st, 2007 at 11:24 am
JS wrote,
“If anyone bothered to take 2 seconds to type GSPC into Yahoo Biz they’d releaize GSPC is S&P tracker and not even a real stock - thus the post is clearly and obviously a April Fool’s joke.”
Can you read JS? Casey states he bought GSPG not GSPC.
Back to grade school for you sheep herder.
Bilo
April 1st, 2007 at 12:52 pm
Hey Casey,
Even Rico Padre wouldn’t chip in a two-fitty for a convo for you, I got it for FREE!!
Nice girl, that NACHO. She wanna come work for me?
-Roberto
ASW= passive (like Casey’s career)
April 1st, 2007 at 12:59 pm
Lame.
I stand by my previous comments. You come across like a spoiled little brat, not used to be told that they aren’t the brightest star in the sky.
April 1st, 2007 at 1:04 pm
What is EN?
April 1st, 2007 at 3:41 pm
A couple of things bothered me about that conversation. I will just list one here.
The Worst Real Estate Crash in history happened in Florida in 1926. Just before the crash, land was selling at $4 million or $46 million after inflation in todays dollars. We still have yet to reach that kind of speculation since that happened.
No one complains on the upswing but when it crashes everyone wants to point fingers. It is just the law of economics of all things that happen in any business.
April 1st, 2007 at 4:20 pm
Matthew B. Cox = Casey Serin
http://tinyurl.com/22ndcg
April 1st, 2007 at 7:05 pm
Casey,
While looking to buy potential properties on the internet, I partly listened to this podcast by this self-rightous woman. It sounded like she was very judgemental about you and/or that she enjoyed talking down to you.
But under the premise of “trying to help” you, she was very condescending and disrespectful. Furthermore, it is inappropriate for her to judge your real estate activities without having purchased a home herself. In fact, when she stated that you would have never been in debt if you had gone to school, I almost had to turn the thing off. In her defense however, at least she was speaking from having been in debt herself.
Being an anesthesiology resident, obviously I believe in the value of education, but I also know that success does not necessarily come from college or any other formal schooling.
I think you made some mistakes, Casey, but that’s fine. Everybody does. Just don’t do it again. As long as you acknowledge that you have certain weaknesses and you are working on them, I think you’re far ahead of the pack.
Just keep your head up, and screw the naysayers. Focus on getting important things done everyday, and figure out how to get from here to there as efficiently and effectively as possible.
(PS - I just found a foreclosure that’s $38,000 below market price, built in 2005 and requires NO rehab - it’s gorgeous! BUT it has no garage, and I can’t find any rental comps for the subdivision. So I’m afraid this one may have to pass. Ugh!)
April 1st, 2007 at 7:21 pm
Casey,
I’ll give you $100K for the house on Muncy Drive. I figure I should be able to turn it over for $140k - $160k quickly; That’s what I figure it will be worth in a few years when people come to their senses. That would be a sweet deal! Get in touch with your lender!
April 1st, 2007 at 7:30 pm
Casey,
Sweet new ASW, mine is ‘corporation’
After thinking some more about your phone call with T I think I understand your views a bit better. You did a good job defending yourself.
If you can start to build a positive track record of $10K per month for a few months then you will be on your way to a comeback. Then the critics will be forced to abate. Good luck achieving this.
One more thing- how come you seemed so much more prepared on this phone call with T when before you seemed so unfocused on your previous calls?
-Big Cheese
April 1st, 2007 at 9:19 pm
No one likes to think of themselves as a mark chimpCasey, but you are.
Who else took advantage of chimpCasey? The “wholesaler” dealers that sold you sweet deals sight unseen! The no-limitz. The mortgage brokers who got paid and helped you arrange your liar loans. The contractor in TX. The “buyer” who bought your house but unloaded his dead weight on you. The person who sold you the VW. The aged corp sellers. All of these people have taken advantage of you chimpCasey WITH YOUR COOPERATION!
You are a slow learner and you are a “shisty” liar (even if you only lie when you think it isn’t illegal and won’t send you to jail)
All of that aside. What makes you think you will be able to live within your means if you suddenly realize a high income? Have you read all the tales of folks who can’t stop living beyond their means even once they hit their paydays and they end up broke as a joke? Ask Ramit.
April 2nd, 2007 at 5:29 am
dude,
You are the next Russ Whitney. Like him you should first do some jail time. It handens people like you even more.
April 2nd, 2007 at 8:33 am
Check out the latest on “Get Rich Slowly” for the many examples of wealthy folks who still live beyond their means
http://www.getrichslowly.org/b.....nd-stupid/
April 2nd, 2007 at 11:31 am
@74 GCProperties
Tell Casey about your ‘bonus’ deposit income. You know, the one where you keep the deposit because everyone else is doing it, even when the people are good renters and haven’t damaged anything. That sounds like a sweet tip he would follow, except he hasn’t rented out any of his houses.
asw: investor
April 2nd, 2007 at 12:43 pm
Casey,
I hate to say this but you took NACO’s a** and hand it to her on a plate with a fire-cracker sticking out of the hole.
Nacho’s mistake was trying to reason with you.
Your plan is working and working well. Soon, you will have all those mortgages gone and you can then file for bankruptcy and start it all over again in no time.
Lenders are always ready to lend out money.
April 2nd, 2007 at 1:47 pm
Oh man, guys, guess what the value is on GSPG (GoldSpring, Inc.)…
A whopping ZERO DOLLARS! What a sweet deal. Better luck next time, should have actually bought REAL GOLD. Who recommended that stock purchase?
If you want to invest in precious metals, only buy truly precious metals from an actual metal dealer like where I go in downtown Chicago, or buy mining stock from a reputable long-term company.
Seriously, you should have bought up a 100 Oz ingot of silver and a few slips of gold and headed across the border with your “cash-back-and-close”.
April 2nd, 2007 at 4:57 pm
You talk about how the skill set to be a real estate investor can’t be learned in college but what exactly is that skill set and how do you fit the bill? You can’t evaluate investment opportunities and you can’t swing a hammer. How exactly do you intend to succeed? All you can do is borrow other people’s money and blow it.
April 2nd, 2007 at 9:42 pm
I’ve seen a lot of weird things since internet forums, blogs ect. took off but this was the first time I’ve seen a poster so bent out of shape they were willing to PAY $250 for an opportunity to simply chastise the other party by phone.
Amazing.
April 3rd, 2007 at 12:40 am
annie, pay up!
April 9th, 2007 at 1:03 am
I just listen to the entire tape and what stuck me is how much the woman comes across as being in a 12 step recovery program.
Now why she insisted on speaking to him with a program-slant was beyond me.
Casey’s not in a 12-step so when he mentions the benefits of declaring bankruptcy I couldn’t get why she wouldn’t let the issue go. In fact the tone she took throughout the conversation was rather unappealing.
By the end nobody was happy.
The woman was frustrated with a conversation that basically went nowhere.
And Casey was pissed at what he felt were constant personal attacks.