“World’s Most Hated Blogger” label is starting to grow on me. It definitely seems that way lately. Maybe all this negativity is helping cause these obstacles… 1. Google banned me from AdSense for fraud clicks again. About $400 lost. Fraud clicks are not my fault but Google doesn’t care. I should have turned on the […]
Category: travel
It’s All Good In Tha Aussie Hood
Since my secret trip to Australia has been outed, my copyrighted content stolen and my blog being threatened (though I’m tempted to call their bluff) I might as well enjoy whatever is left of my stay here and post a few pictures… Aside from the obvious things like driving on the wrong side of the […]
It’s All Good In Tha Aussie Hood
Since my secret trip to Australia has been outed, my copyrighted content stolen and my blog being threatened (though I’m tempted to call their bluff) I might as well enjoy whatever is left of my stay here and post a few pictures… Aside from the obvious things like driving on the wrong side of the […]
Why I am Facing Foreclosure
What happened? Why am I facing foreclosure? Basically, I bit off more than I could chew. Here is the story. I started investing in October 2005 and went full-time in January of this year (2006). This is after going to numerous real estate investing seminars, reading books and learning from other investors for the past […]
Utah Property Staged and Wrapped!
I’m happy to announce the Highland Utah property closed yesterday. It would not have been possible without the help of my awesome agents Harvey and Robyn and Christoffersen. First, they took a chance on me and partially fixed up the property at their own expense. Then they helped bring a buyer at $399,900 subject to […]
Negotiating CashCall, Credit Cards and Other Lenders?
Below is the transcript from my CashCall call – one of my unsecured lenders. It’s roughly a $10,000 loan which was taken out about a year ago to pay for Burdett property repairs. Also, if you look at my financial statement spreadsheet you will see I have $175,000 of unsecured debt (lines of credit, credit […]
Crazy Real Estate Accounting Mess
My wife has been working on getting all our accounting in order from this crazy roller-coaster year. Here is a shot of our living room floor. A big mess of receipts, invoices, bills, and other paperwork from all our real estate deals and travels this year. She is identifying, organizing, and sorting it all: And […]
Formula For Being Broke
I get a lot of interesting emails. Here is one of them. This guy is trying to share a “business opportunity” with me but I declined (for now) because I’m too busy with my foreclosure mess. I did enjoy his letter though. Keep in mind, I have nothing against “a job” in the traditional sense. […]
Taxes Extended, CashCall Not
Busy day (and night). Had to go to downtown to take care of some urgent business. Bought some extra filing cabinets and storage supplies from our local West Sacramento IKEA for wife to organize paperwork. Still working. Quick update: Taxes My accountant filed for a tax extension with the IRS. Now we have 6 more […]
What I Want
I have about $140,000 of debt in credit cards and business lines (seems unreal!). That’s from all the planned and unplanned acquisition, rehab, travel and holding costs. The houses didn’t retail like I hoped so I can’t repay the lines. The minimum payments on credit lines are over $3500 per month. Worse yet, I cannot […]
Will I Go to Jail for Mortgage Fraud?
[Photo by !borghetti used with permission.] In this blog entry I’m explaining all the potentially “shady” loan practices over the last 12 months as a real estate investor. I am trying to figure out the following: Did I commit mortgage fraud? To what extent? What are the consequences? Will I go to jail? Should I […]
