This has been one crazy year! I had many goals in 2006. Some were measurable and concrete, while others were general intentions or habits to build.
Here are the goals that I measured and degree of success:
- Read through the Bible. Progress: 138 of 1189 chapters (12% success)
- Topical Memory System. Progress: 24 of 60 verses (40% success)
- Jog 365 miles. Progress: 48 miles (13% success)
- Drink 365 cups of freshly squeezed juice. Progress: 190 cups (52% success)
- Gain 10 lb of muscle to be 160 lb. Progress: today’s weight is 150 lb (0% success)
- Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income. Progress: $0/mo (0% success)
Other goals/intentions:
- Quit my programmer job at Pride Industries with no consumer debt to become a full time real estate investor (strong success, except the debt)
- Keep track of every dollar (very marginal success)
- Start a blog with one post per daily (moderate success)
- Hold to a loosely vegan diet - primarily plants, no dairy, exceptions: fish and occasional organic eggs/meat/honey (moderate success)
- No alcohol, processed sugar or caffeine (marginal success)
- No microwaved foods (strong success)
- A habit of hot/cold shower in the morning (strong success)
- 30 day challenge to build an early riser habit in December (very marginal success)
The biggest highlight of 2006 is my adventures of quitting a stable programmer job to become a full-time real estate investor, buying 8 houses in 8 months with no money down, making some mistakes and getting stuck with 6 houses facing foreclosure, starting a blog about it, getting lots of traffic and mainstream media coverage. Oh and meeting Robert Kiyosaki and being on Rich Dad TV was pretty cool too.
This last year may seem like a big failure but as I learn my lessons it is becoming a stepping stone to success.
I’m finalizing my plans for 2007 and am getting ready to take another stab at my big goal that I made back in 2000 after graduating from high school. The goal is to acquire enough income property and/or businesses to get out of the “rat race”. That means having enough passive income from investments to cover my living expenses and have the option to retire early. Read Rich Dad Poor Dad
281 Comments
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Good look in getting back on track. Casey your have real skills but I think real estate is not your strongest. What’s wrong with computer programming and design. I like the design of your blog. Building core competencies is a painful process as I am also finding out
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Some of those goals are a bit too easy.
Quitting your job? That shouldn’t be a goal. I know that’s how the self-help books set it up, for you are always positive. But your goal should have been, ability to support yourself on full time real estate investing.
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Thanks for posting your review. Congratulations on being accountable for your actions in 2006. This is a positive step, Casey. Now you need to post 2007 goals. This has inspired me to do the same. Happy New Year.
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Have you ever considered the possibility that the legal system might catch up with you through this blog?
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The only thing that you really did was make more profit for Jamba Juice. America ate you alive.
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Here’s something that will help you keep track of your accounts and assets/liabilities;
It’s free and many banks offer it rebranded, e.g. BOAs “My Portfolio”. It allows you to put all your online accounts, whether banks, email, etc all on one page(dashboard) and saves time from having to log into each account individually.
I think it’s the best web-based app to come along in the last few years.
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Christ what next….
1. Goal of wiping ass completely each time with removal of each and every dingleberry….10% success
It’s obvious you are trolling Casey….
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Ok, you managed to *really* piss me off.
A vegan diet contains no animal products. A vegetarian diet includes no animals, but can include eggs and dairy products. NEITHER ONE INCLUDES FISH. You absolute moron. Fish are living creatures. Vegetarians don’t eat fish, vegans don’t eat fish oil, or eggs, or milk. Your unbelievable stupidity has reached a new low. You probably tell people you’re a vegan don’t you? You’re not any sort of vegan. I’m going to make an analogy, which will go right over your head, but it’s like saying you’re a successful real estate broker if you weren’t successful or a broker. You can’t be the thing you claim to be if you’re actively the opposite.
Aside from that irksome idiocy, is there even a single dopey self-improvement plan you won’t embrace like it’s a warm, fluffy kitty? The great success entry was hilarious though.
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Beezer -
I have a cowoker who is a “vegetarian” except she eats fish and beef. But other than that, she’s a vegetarian, hah. Our schools are churning out a flood of idiots.
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Dude - you’re losing your audience. You can’t afford that. YOU ARE AMERICA’S #1 “FLIPPED OUT” FLIPPER. Yet, again, you’re blowing the chance of a lifetime. You need to OWN this mess. Just sitting at your moms house blogging when the Feds show up is a stupid, lazy, wimpy, loser way to go. CAP THIS OFF LIKE A HERO. Right now you are just making dumb mistakes. If you hope to maximize the potential of this mess then YOU SHOULD START MAKING MUCH STUPIDER MISTAKES.
Get out of bed, pack your bag, dig-out the passport, load the pistol and fuel-up the Jetta. You’ll never see another chance like this. I think you should go to Mexico. I think they’re cool with Americans packing guns down there. Just make sure you declare it at the border. I think that will pretty much take care of any problems you have in this country.
GOFORIT
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OK, one last suggestion before I go….
Burn the damn houses down if you have the insurance…
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Nice troll.
“Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income. Progress: $0/mo (0% success)”
Can you find the absence of honesty in this sentence? Do you recognize the denial? Were you able and willing to follow any of the sound advice offered to you it would be immediately clear. Yes Casey, that’s right, $0/month is wrong. Wildly, irresponsibly wrong. Crazy wrong. The real number is … -$20,000/mo. and growing. So now, today, in order to meet your stated goal and achieve a 0% success rate you need to EARN at least 20k a month. This is known as, appropriately enough, your “burn” rate. You are so hot. However that funny smell is your ass on fire.
It is interesting that not a single goal includes the health and happiness of another human being. This guarantees a final outcome of restless discontent, regardless of success.
I liked the vegan link. Thank you for that. Changing diet is a slow and steady process. good luck. keep blogging…. -
I’ve stopped by this site every now and then, but truth be told, I thought this whole thing of yours was a hoax. Then, I began to understand it was real, and it was too painful to read.
Now, I see you’re drinking the Kiyosaki Kool-Aid. Jesus, kid, wake up! You’re only 24, but anyone who’s had your experience should be able to smell an Amway pitch (which is, BTW, where Kiyosaki started). His dopey, multi-level-marketing platitudes are offensive to any being walking on two legs and not breathing through the mouth. Let’s not even touch on the fact that he cannot document his life story OR the “Rich Dad” tale. Take a look at the reviews of real estate/get rich scammers offered at www.johntreed.com to check Kyosaki’s tall tales.
I think you should go the bankruptcy route and get away from RE…for your own well-being. The deeper you get into RE, the more harm you will do to yourself. I do this- the honest way- every day. My agents and I eat, sleep and breathe this game and live and die with our clients’ fortunes. RE is hard work and requires nerves of steel. No guru is going to implant the work ethic or the cojones you need to turn yourself around. The fact that you even look in the direction of a scam artist like Kiyosaki should trouble you greatly.
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You forgot one.
Keep my audience amused and at times irritate them just enough to come back. In my case you have reached 100% success ! ! ! I come back to this blog for the same reason I like JACKASS, whether you admit it or not it’s always funny to see someone else get kicked in the balls. -
Casey, you would be an ‘Aquatarian’ then
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Oh for god’s sake please tell me you don’t support those PETA terrorists as well.
People are going to love that comment about In-n-Out burgers.No Casey, I don’t think you’re trolling. I think you’re a genuine guy. I have a lot of aquaintances who fail at life, they’re late 20-something shelf stackers with a dream of someday becoming rich via real estate. They’re idiots, they don’t understand simple mortgage concepts and they think that it’s as simple as buying 8 houses at once = 8 times the profit.
Seriously, these people have never seen or heard of your blog but they think the same way. They would read this and consider you ‘unlucky’ because you bought at the wrong time.
Investing is NOT gambling. You were NOT unlucky, you were simply uninformed and over your head. The reason most of your detractors think that you are trolling is because they are much smarter than you, and expect that you are going to be communicating on their level, while your head is off in space.
People need to take a step back and consider what a monumental mess you created in the first instance. You bought 8 houses in 4 states in a few months with no capital upfront using dodgy loans at a time when the market was receding. You completely messed up and then compounded it further by going public with your little scam and claiming that you were going to make it all better.
That would be fine, if you did, however you have publically shown that you are completely unwilling to do anything which involves you having to work to pay back the money you’ve squandered. It doesn’t work like that. If you’re truly concerned with making reparations for your mistakes you must work hard, you can NOT gamble away creditors money trying to generate passive income, you must accept that you have made a massive mistake and work hard, just like the rest of us in the ‘rat race’ until you have repaid your debt and you are no longer legally obliged to make good your debts.
You harp on about entrepreneurs and how many of them go bankrupt before they make the big time but you’re entirely missing the point. These are people who went into a venture with lots of capital, lots of planning and who lost the lot. They worked hard on ideas and they worked hard to fund the venture and it fell on its face.
And that is why they are successful. While you are p***ing your jamba juice up the wall and spending 30k on seminars from credit that you KNOW you cannot repay, they are cutting back on all expendature in their garage slaving away on 12 hour days to make it work.If you want to ‘leave the rat race’ you have to work HARDER than everyone else. If it really was as easy as just quitting your job and buying some houses any monkey could do it. You need to put in twice as much effort as we do every day and you’ll retire 3 times as early. I don’t doubt that for a second, but thats not your MO.
Because you’re lazy, and you’re uneducated. You could turn this all around with some elbow grease and a dose of reality. You’ll probably get bailed out somehow, and I find that sad. You’ll just end up back here again, and by then ‘iamfacingforeclosureagain.com’ will probably be already taken.
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I don’t understand how you fail to comprehend this but … fish are not an animal product, like, say, eggs. They’re actual dead animals. Eating fish means not only are you not on any kind of vegan diet, you’re not even on a vegetarian diet. That you then go on to explain you eat fast food burgers (and hilariously because they “seem” to have “higher-quality” dead animals, which I’m here to tell you they do not , and other meat, is so far beyond I can’t even address it. I just end up sputtering in disbelief. But hey, organic honey!
Not to mention you seem to have absolutely no idea what organic means in any context. Why am I bothering? And no, I didn’t look at whatever “shocking” video you’re posting. It’s probably Tony Robbins explaining how chickens can’t live their potential. I’m a vegetarian you doofus. Which is why utter morons who go around telling people they’re vegans or vegetarians when they actually are not any such thing piss me off. It’s like how real estate investors feel when an uneducated failure says he’s a real estate investor who pays bird dogging mailmen for big tips.
Mr.Obvious - Heh. I’ve met a few of those people. They’re like Casey, and I agree, educational deficits are fairly obvious in them overall. Like… again, Casey.
Btw, how goes the spreadsheet? The stuff you were supposed to do the other day when you got your “motivation (read: delusion)” back?
Ok, just before I hit submit it occurred to me - Casey has exactly the same comprehension, dedication, ethics, attention to detail and willingness to work at veganism as he has to everything else in his life - which is to say none at all. Stop saying you follow a vegan diet, of ANY sort please.
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The problem with you, as expressed in this latest troll-post, is simple:
You lack character, and cover it up with fake piety and fake business acumen. You have neither, and the whole notion that showing how you failed to live up to your own worthless goals is somehow humble or contrite is a load of crap.You wanted an easy road to wealth, and when that failed and destroyed your financial future, you still want it and still scheme for it.
Some have called you ADHD. Nonsense. Your pathology is much more serious: narcisstic personality disorder with anti-social traits. That is why you approve of your Kiyosaki comrade–he shares a similar profile. He just got lucky on his stupid book. Your dice roll got you in the hole and, fortunately for society, you will probably stay there.
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Did you actually count every frickin’ jamba juice?
190 / 365?
What a waste of bloody time and that shower thing is just about the most ridiculous thing I’ve ever heard.
Here’s a goal.
Sell the damn houses.
And then you’re next one writes itself.
Never get into a mess like this ever again.
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Hi Casey,
What is your plan moving forward to acquire more properties? Will you partner with someone?
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Paying back your 2.2 $m debt was not among your 2006 goals/intentions ? Time to put it on the 2007 list.
I hope all of this is blog is fake. Read today that 8% of blogs are fakes. Hope this is your case. -
PS : Stop calling and considering yourself an investor. An investor invests his own money assets or borrows a small part to get leverage. He does not borrow 2.2 m$ from nothing. You’re a borrower.
Well good luck for 2007 you’ll need some. Happy New Year. Don’t listen to haters but start quitting illusion ideas and get to reality. RE’s problably over for the rest of your life. Try web marketing or webmastering. -
Sputnik’s 2006 Review
(aaack!! Thppptttt!!!)
- Take at least 1 nap per day. 250% Success. (yawn!)
- Poop in Yneone’s shoes. 100% Success.
- Keep poop in the litter box. 0% Success.
- Stop scratching the furniture. Moderate success.
- Learn to fend for myself - kill/eat at least 1 mouse per day. Pitiful success. (These stupid humans keep feeding me! aack!)
- Purr at Homey the Clown. 100% Success. Sputnik loves Homey Time!!!2007 Goals:
- Poop in Tim From Monterey’s shoes. One more boring post, Tim….
aaackkk!!!
S_t_C
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Hot/Cold Showers is a goal of yours. I’m not even trying to be a hater but you honestly force it upon us.
Casey’s 2007 goals.
1) Wake up before Noon
2) Buy 4 more houses to flip that will only lead to more debt
3) Shower once daily
4) Brush Teeth daily
5) Call my friend in the early morning to wake up and then go back to sleep (see goal #1) -
On the vegan thing.. human beings were built to eat meat.
We are carnivores by nature, not herbivores.
Example: If you only ate meat and that was it (no fruits, veggies, etc.), you would survive as a human being.
If you only ate purely vegas, you would get sick from lack of nutrients unless you took supplements (Vitaman B12, Zinc, etc.)
And if you are thinking you would get scurvy without fruit, you are wrong:
http://www.straightdope.com/columns/010119.html
The “crap” they feed animals is processed by the animals into tissue before you eat it. If, for example, an animal eats a nail, it will pass through their system. Animals have livers to take out toxins and process food the same way humans do.
I had a dog that ate rotten fish on the beach, old food from garbage cans, etc. and was stronger and healthier than most vegans I know.
If you don’t eat meat for moral reasons, I understand it.
If you don’t eat meat for health reasons, you don’t know anything about health whatsoever and have just been fed a bunch of “crap” by anti-meat people who know nothing about nutrition.
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Compare and Contrast:
1 Drink 365 cups of freshly squeezed juice. Progress: 190 cups (52% success)2 Keep track of every dollar (very marginal success)
You know your fsoj ratio to the percentage point and yet you don’t know your debt to the nearest quarter million.
Forget the OCD bit, forget the the obvious trolls of “vegan with occasional In-n-Out burgers.” Newflash, In-n-Out is an occassional item not one of the food groups. I only mention your diet for financial reasons anyway. In your position frozen bean burritos, ramen and fresh vegatables is the extent of your ability to feed your family.
So, here it is January. Burdett is now 8 months since being fully loan compliant. I presume you made the double payment in Sept so 6months arears or $15,000 to bring the total debt to $320k and a market value of $220k.
And in a few days the Form 1099 from Dallas will be arriving. You know, in-the-mail. It’s that old fashioned stuff from before the invention of the blog post. Indeed the word post derives from the earliest practices of this archaic practice. On April 10th property taxes will be due and 5 days later 2006 Form 1040. Sure you can file for an extension on the latter BUT you still need to pay the estimated taxes.
107 days. Anyone want to start a “dead pool?”
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So what’s this about not eating microwaved food? Is that because you don’t like its taste? Or do you have a problem with eating things that are actually HOT?
BTW: I’m vegan too - except that I sometimes eat hamburgers, TV dinners, pizza and ice cream. I don’t much care for salad or vegetables, either. But other than that…
BTWBTW: Nothing wrong with weighing 150 lbs. You should appreciate being thin. But, then, you’re 24 and probably think you’ll live (and be thin) forever. In ten years, you’ll be 190+ and still vowing to add ten pounds of ‘muscle.’
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Congratulations, you are as successful as our current president. That crosses my mind every time I skim over this blog. Miserable Failure.
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[…] Casey is totally vegan. Except when he eats eggs, fish, honey and the occasional In and Out Burger. […]
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Congratulations Casey!
You continue to demonstrate a stoic maturity and consistency, far beyond others your age, which your haters don’t seem to understand or appreciate.
Maybe it was developed by your Bible readings, especially the part about changing what you can, accepting what you can’t, and having the wisdom to know the difference.
Again, congratulations on your 52% success with the freshly squeezed juiced.
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That’s why I said “Vegan diet plus fish and eggs“. Meaning I stuck to the vegan diet more or less - eliminating animal products including dairy.
Fish aren’t animals?
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No no no. There is no such thing as a “more or less” vegan. You either are or you aren’t. Eating fish, milk, eggs, honey, and IN-N-OUT BURGER does not make you a vegan. You’re obviously just looking for page hits.
Also, calling meeting your goal of quitting your programming job a “strong success” makes me laugh. While quitting the job was a success, it has left you in such an undesireable position that I would hardly call anything about it a success.
Finally, I checked out the webpage of your former employer. Does Pride count ADD as a disability…if so I think I know how you got your job.
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I like that you reviewed your goals for 2006. I do this monthly on my blog and it seems to add some accountability to my goals. You have some good, and much needed goals. You need to work at the follow-through and get those percentages up higher.
Real estate investor a very strong success? No, you were very successful at tranistioning away from your programming job, but NOT successful at becoming a real estate investor….
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You are being very kind to yourself.
I count 14 counts. It seems to me you can only credit yourself with succeeding at 2: no microwaved food (huh?) and hot/cold shower (double huh?)
I’m considering making it my goal to stop reading this blog. The fact you continue to have a goal to make your fortune in real estate shows it’s going to be more of the same this year. It would be a lot more interesting to see a plan in action of turning your life around and cleaning yourself of this pursuit altogether.
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You’re a failure in 2006. Odds are, you’ll be a failure in 2007.
In Casey language… that means Casey learned a lot in 2006, and will learn a lot more in 2007.
Here’s to a great learning experience in 2007! All the best, little buddy.
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If you want to become a real estate guru, it should be FIRST on your list, not last.
DUH.
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Just so we are straight, what you’re saying in other words, you’ve failed at everything you’ve tried in 2006? I’ll bet you can’t even dump a trashcan.
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Casey,
Your link on the apparent lack of safety in microwaves is suspect. Consider reading the following article:
http://www.prevention.com/arti.....-1,00.html
There are unsafe effects of microwave opens, but they are not chronic, long-term effects such as cancer. Also, I would not recommend heating up food in the microwave in anything that is plastic.
Good luck improving on your goals in 2007. I’m working on mine now.
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Dude, you forgot:
Throw my and my innocent wife’s life into a bottomless well of debt and financial despair, and annihilate our credit (and moreover) our future for the next decade, maybe more…
Wahoo! Strong Success!
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A vegan who EATS AT IN AND OUT?? Casey, is there ANYTHING you don’t f@ck up? Now I know this blog isn’t real.
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“Beezer… That’s why I said “Vegan diet plus fish and eggs“. Meaning I stuck to the vegan diet more or less…I also made an exception on In-n-Out burgers a few times because they seem to have higher quality meat. Also I would eat organic meat when I can find it and afford to buy it.”
Just when I think our little Casey has used up all of his comedic talent he unloads this gem.
So Casey is also a “real estate investor”, meaning he earns his living buying and selling real estate more or less… He just makes exceptions for not actually “investing” any of his own money, and the fact that he isn’t making any profit by which to earn a living - in fact, his “investment portfolio” has a burn rate of $20k/ month.
But he did reach his goal of taking a shower every morning…
Wow.
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Wow dude, you really fall for the fads:
# Hold to a vegan diet plus fish and eggs (moderate success)
# No alcohol, processed sugar or caffeine (marginal success)
# No microwaved foods (strong success)I knew you went for the quick-money fads, but I didn’t realize you went for these other flakey, quacky things as well. Is there anything you won’t try (and not succeed at)? Oh yeah, there is: Anything conventional, like a real job 9-5 (more like 8-6 for most of us) and living within your modest means. That’s not weird and exciting, so there’s no fun in that.
That said, we do appreciate your story and documentation, at least in the hope it can help others avoid the debacle you are now in the midst of. I personally wish you the best, but I have to admit that I’m not optimistic when you decide your next step is “getting ready to take another stab at my big goal”.
I know it’s been said before, but you never learn. There’s a thing about learning from failure: Try something else. Yes, I know, all through school you hear this “if you fail, try, try again”, but sometimes that’s fantasy. In the real world there are limits, and sometimes you just need to try a different path. You haven’t yet figured that out, have you?
hApPy nEw yEaR, and maybe if you choose a different path for the coming year, you’ll get different results thatn you’ve been getting so far with your unfortunate choices.
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Ahh, new years resolutions.
How about your education? Any more “university like” classes?
You should start your own university (I think Wyoming is pretty lax with the start-up rules: Trump’s ‘University’ might be registered there).
You could call it Serin’s Housing Investment Teaching University (or SHIT U for short). Award yourself a Phd., then people would give you more credibility and might lend you more money. Hell, you could offer a Phd. to anyone who bought any of your houses. (I’d like a BS from your SHIT U.) I’m sure Kiyosaki could be a trustee.
Think of the possible slogan: “SHIT U, Where we teach by the shovelful” -
One of your goals was to drink more juice. bwahaha!!!!!
What’s your goal for this year? Trim your toenails more often? HA!
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Drinking juice is a goal? WTF? Man, I’ve been meeting that goal since I was 2 years old.
Casey, maybe you should asked for old job back at a Pride Industries…. seems your juice goal would qualify as an indication of someone with a disability. You’ll be employed in no time.
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“The goal is to acquire enough income property and/or businesses to get out of the “rat race”.”
Dude, you have never even entered the “rat race” so how exactly is it that you can possibly get out of it?
It is truly unbelievable how naive you try to make us believe you are, I doubt seriously even half of what you say is true.
I don’t doubt that your incredible lack of busines sense has left you beyond the verge of bankruptcy, but it is impossible to believe that someone can be as lazy, gullible, and incompetent as you make yourself out to be.
I do believe that you are thinking that the notoriety you have gained through this blog is going to bail you out somehow. Unfortunately that is just a pipe dream. Nobody pays to listen to incompetence, and since that is how you have to represent yourself to keep traffic going the whole concept of making money off it is self defeating.
FYI - Fair warning, there is an investigator in the Sacramento FBI field office (Mortgage Fraud Division) reading everything you write in this blog. I won’t tell you who it is or how I know, but don’t doubt me its true. I did not turn them on to you in any way, you did that to yourself with all your publicity stunts. Congratulations fool, you did a fantastic job of ensuring that you became a target that they have no choice but to make an example of.
You are an idiot whose day is coming sooner than you think, lol. If I were you I would take that other fraud convict’s advice and turn yourself in. Save yourself the embarrassment of having your family see them drag you away in handcuffs.
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Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income. Progress: $0/mo (0% success)
huh… shouldn’t that be -500~-700% success? Because you are now -15K~21K monthly burn.
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I’ll ignore the obvious absurdity in proclaiming yourself vegan/vegetarian while making an “exception” for In-and-Out Burgers. Oh wait, I just mentioned it. I guess I’ll give myself 10% success for that one.
As for your goal to “buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income,” your output there isn’t EVEN $0/mo. You have NEGATIVE cash flow right now, Casey. Figure out what that is and replace the $0 with your negative cash flow, and then amend your success rating to negative-whatever percent.
Please.
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G’day Mate and Happy new year!
Ozzie Tim here.
Got some more good oil for you:
If God had intended for people to be vegetarians (or vegans) he wouldn’t have made animals out of meat.
By the way I am a member or PETA (People Eating Tasty Animals).
figjam!
Hooroo. Ozzie Tim
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I love this quote, Yogi would be proud:
“Most people don’t know what they don’t know.”
Very deep, sensi.
Maybe your newest angle should be spokesperson for In-And-Out as their only vegan customer.
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Quit my programmer job at Pride Industries with no consumer debt to become a full time real estate investor (strong success, except the debt)
No. This has obviously not been a strong success. Watching this blog for the last eight weeks or so leaves me the clear impression you are not aware of the impact of the debt you have accumulated. Wells Fargo’s recent action is just the first that I can see is about to bring this home to you, and how the jamba juice years are over. This is not a happy New Year’s wish, but I can’t see how 2007 will bring anything but unprecedented misery and heartbreak to the Serin household. It’s nothing to do with luck or the stars, but the direc result of your poor judgement, unwise investment decisions, and lack of basic get-up-and-go.
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One suggestion:
Repost this noting the failure percentage. It will give you a better accounting of your performance.eg:
Jog 365 miles. Progress: 48 miles (87% failure)Keep track of every dollar (very strong failure)
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vegan diet == vegan diet + fish and eggs and exceptions for inn ‘n’ out burgers ?
Language is the first to go isn’t it. But then what can you expect given the recent examples you’ve been set:
“failure to capture Osama” == “a success that hasn’t occurred yet”
“winning the war in Iraq” == “predicting a win”, ” goal is to win”
and that list goes on.
right down to:“spin” == “lie”
There’s no hope for you till you clean up your language.
-K
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You’re crazy. You’re nuts. You’ve gone around the deep end.
The only reason I even read this blog is to how long you will keep this up.
There’s so much you’ve written that doesn’t make sense. It’s just a web of self deception and lies.
You know, my mother would be freaking out if I was as deep in the hole as you are. And rightly so. I can’t believe that all your parents are concerned about is the fact that people are so “hateful”. They should be smacking some sense into you.
My parents are immigrants and naturalized citizens. They taught me that it’s not what you have but you do with what you’ve got. Through hard work and being frugal, they paid off their house and helped their children purchase their first homes and have a comfortable retirement.
I’ve made some financial mistakes and have credit card debt to the tune of $15K. On the otherhand, I have a home, a stable job with good pay and I’ll be out of credit card debt in four years. It’s not perfect, but it’s a hell of a lot more than you’ll ever have, given the way you’re going.
I really feel sorry for you.
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This post illustrates your issues so well. You have goals but no plans.
You devote as much thought to formulating a goal to read the bible (an admirable goal) as you do to “Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income.” and “Quit my programmer job at Pride Industries with no consumer debt to become a full time real estate investor”. Where is the grasp of the complexity of these goals?
Where are the hundreds of interim goals to achieve the end goals? Did you really consider whether they were reasonable within 1 year or if you needed 5 and 10 year plans to get there?
You’re immature and lazy. Review, he is not being accountable. He is talking about screw ups and not doing anything about them. If he was truly being accountable he would have followed the advice to turn himself in to the FBI.
As a goal for this year, please post better pics of your wife.
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Casey, why are you paying rent?
You have all those houses.
Move in one, Fix it up, and sell it. -
Yawn……..snuzzzzzzzzzzzzzzzzzzz
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Casey’s goal for 2007
==Go to Jail and stay in Jail in 2007
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So you succeeded this year at not eating microwaved foods, drinking juice, losing your only source of income, and taking showers. Incredible.
Crazy thought of the day: Pour all your effort into selling one house. Clean it up, mow the lawn, pull the weeds, contact a $*@!ing realtor, and get it sold. If you’re lucky, you won’t get entirely fleeced on the price, and you’ll have one less house! One less foreclosure, one less source of piling up interest!
I know a real estate agent would wound your precious pride, but think about it; you have way too much work to do if you actually care about selling these houses. Delegate some to the agent! Even better, you don’t have to pay them until there’s a sale. For most people, this means they have a professional working for them that gives them the time they need for work and family. For you, this means you can sit on your ass some more!
I know they take commission, but seriously, you’ve got too much on your plate. You need help if you’re actually going to sell a house and stop foreclosure. You don’t really seem bent on stopping it, but if you change your mind, consider an agent. Craigslist isn’t going to save you.
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Most of these listed 2006 goals are just plain silly. Tangential to achieving key goals. I won’t waste time or space listing each one and commenting on how trivial the goals are.
You need to get educated on how business plans are developed, how complex projects are finished.
Whether the end goal is “starting a small business” or “buying a house for rehabbing, upgrading, and resale at a profit” or “building a submarine,” the key is to identify the various critical tasks and then the tasks which feed into them, or, if not done, can block the key tasks completely.
Another name for these blocking tasks: “showstoppers.” Because they stop the show (origin: theater productions).
Instead of reading Bible verses or drinking orange juice as your goals, you need to read up on how businesses are started, how complex projects are developed. I sense you have nearly complete ignorance in these areas. Why, I’m not sure.
I mentioned “designing a submarine” for a deliberate reason: this is a good case study of how a complicated task was broken down into a series of time-critical subtasks. The “PERT chart” (Google it, or Wikipedia it) was a powerful tool for charting and analyzing “showstoppers” and “critical path issues.” While none of us is likely to be responsible for the design and construction of a nuclear submarine, the methods apply to nearly everything:
– how a house is built, from initial design to land purchase to architecting to ordering supplies to foundation to framing to siding to flooring, and so on.
– selling a product, from judging likely demand to ordering supplies to taking orders to arranging delivery, and so on.
– too many other examples to list.
You are treating a complex task–buying distressed houses and rehabbing them for resale–without any kind of clear series of tasks identified….just motivational crap about rising early, avoiding meat, taking a shower, jogging, etc.
Where was your list of concrete tasks for each house? Where is the list of subtasks on each one, including such basics as keeping the houses maintained, “For Sale” signs put up, etc.? (That you are only now, 6-10 months after acquiring Burdette now putting up a “FSBO” sign, and this for a house in your own city!, is mind-boggling. That you are not bothering to visit it, letting mail pile up on the door step, is even more mind-boggling.)
(Aside: I am NOT endorsing your attempts to FSBO this house…you are, in black and white bottom line numbers, way past the point of selling these houses in the time it will likely take to sell them. You are too far underwater, too far behind in all of your payments, and the market for distressed houses is still deteriorating. You are, as you said FOUR MONTHS AGO, “facing foreclosure.” Your key tasks now are related to exiting your failed experiment in becoming a real estate “investor” in the optimal way.)
Furthermore, critical tasks change. This is why “Goals for 2006″ and similar simple-minded lists are NOT the way businesses work. Businesses dynamically adjust goals and tasks to match changing conditions, feedback from customers, new technologies, and economic conditions.
Concretely, this means a new critical path chart, a new PERT chart, etc.
And, no, you don’t use computer tools to do this. I used to keep large charts for projects, showing desired end goals, my best estimates for stepping stones or intermediate results, and identification of showstoppers. Had I done one for any of your properties, I have some pretty good ideas of what the showstoppers were. “Running out of cash” is a clue. And it would have trumped–no pun intended–any of the “Read more Bible verses” and “Cut back on caffeine” silliness PDQ (muy pronto).
If you cannot sit down, even at this point, and make a timeline, a chart, of where you need to be going, what concrete things you need to be doing, deadlines, and true showstoppers (”foreclosures,” “forced bankruptcy”), then you need to just throw up your hands and say “I give up.”
Throw away the jabber goals and get real.
–Tim from Monterey Bay Area
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Hey Casey, I agree with what you’re saying about the organic food but it is kind of expensive to go that route.
Anyway, just wanted to say that I really respect you for listing your goals even though you clearly missed most of them. But guess what? So do most people, but few have the guts to show the world their mistakes. As for all the negative people, it’s sad that they have nothing better to do then to come attack you.
And for the liar loans etc, remember the President’s brother Neil was partly responsible for a S&L scandal that cost taypayers $1 billion. Mortgage brokers, banks, and so forth have all guilty of predatory practices. It doesn’t excuse what you did, but you shouldn’t be singled out for your mistakes based on ambition and lack of experience.
Good luck in 2007 to you.
P.S. - looks like you have an amazing family and a beautiful wife, you should go out of your way to make her happy. Be spontaneous and creative…spend 10 minutes or more a day just thinking about how to keep her happy!
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Have you ever considered the possibility that the legal system might catch up with you through this blog?
That possibility has been pointed out to Mr. Serin since the 1st blog entry, literally:
“@joe
September 21st, 2006 at 3:16 pmHa
HAHAHAHAHAHAHAH
I LOVE YOU MAN!!!!
You just admitted to federal mail fraud and a bunch of other federal crimes on the Internets!!
Be sure to tell the judge that “it’s actually pretty common”
PS can you design my website pricedoutofahomebecauseofretardedflippers.com?”Just one of many posts that pointed this out.
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2007 should be really interesting. I don’t know how he gets to keep a house that’s 8-months late on the payments…… Unless the bank realizes that 2007 is going to be a really poor year anyway, and they wanted to keep these properties off their 2006 books as REO.
Dastardly Wells Fargo’s theft of money from Casey’s account is just the start. Casey will no longer be in charge of his financial future. Any chance at digging out of this mess by himself has been taken away. The will of the lenders now becomes predominant.
As far as I can tell, since September 5, 2006, Mr. Serin has (maybe, kinda) sold the Utah property (possibly), and blogged, and attended classes, and made videos, and sold his story, interviewed felons, and done dozens of things that are distractions form the point at hand…..paying back every dirty penny.
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“Good resolutions are simply checks that men draw on a bank where they have no account.”
— Oscar Wilde,
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Casey,
You do realize that the top three things you were successful at were:
-Quitting your job
-Taking a shower
-Drinking jamba juiceBut seriously Casey, consult with a bankruptcy lawyer. My dad is an attorney and does both real estate and bankruptcies for clients. If you do it the right way, you can live in your Sacramento house for almost 15 months before they can foreclose on you. Here’s how:
1. Just prior to forclosure, file a petition to arrange payments, takes 2 months.
2. After you file the payment plan, they must wait 30 more days for you to default again.
3. Just prior to default, file bankruptcy. They cannot take the house you live in during BK preceedings, even if you are not making payments. BK should take about a year.There, that will give you 15 months of free living while you sort out your mess. Seriously, consult with a bankruptcy attorney, its really your only option at this point.
BB
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I’ve been on vacation for a while and am getting to the party late, but I just wanted to thank you for posting pix of the missus. Was I ever wrong! I’d always assumed based on her quote from the USA Today article of “I don’t want no fishy business” that she was black. Guess I was wrong.
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Seriously, Casey, you are dumber than a box of rocks. First of all, you have the NERVE to brag about being vegan (Well, except for the eggs and the fish, and the honey, and the F*&KING In-and-Out hamburgers…WTF?!?!?)…and if THAT wasn’t enough, you have a link the the videos on PETA’s website. Do you think that the cows you eat at In-and-Out are somehow magically exempt from the pain and suffering depicted in those videos? Do you think that wild fish do not suffer horrible pain then they are suffocated out of water?
Oh, that’s right, you don’t give a flying f*ck about the pain and suffering you leave in your wake. You only care about Casey.
But let me tell you what. You’ve inspired me. I have an idea…I’m gonna convert to Judaism. Yes, I’m gonna become a Jew…well except for the pork thing…and the Sabbath thing (can’t waste a whole day, man…there’s MONEY to be made!!!), and while we’re at it, I’m going to accept Jesus Christ as my own Personal Saviour!
I’ll be the best Jew ever!!!!!!!!1
Then I’ll brag about it on my blog. Hey is Jamba Juice kosher? Oh, wait a minute…WHO CARES???? LOL!!!!
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OH Bezeer—-
I’m so sorry that you got upset!
Have you not figured out that CS creates his own reality!
- He’s a vegan who eats eggs, meat, and fish
- He’s a RE investor who can’t buy or sell homes
- He’s an early riser who gets up late and naps
- He’s has a negative net worth larger than many people will earn in a decade, but continues to spend.
- He’s an entrepreneur who does not see the value of making loads of money off the 100k+ visits a month to this site.
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Your not in or out of the rat-race because you are losing money big time from investing and don’t have a job…
On this goal:
“Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income. Progress: $0/mo (0% success)”
You are at a negative success rate because you are losing thousands per month.
The microwaved food goal is a little odd - though I am not any fan of microwaves - I don’t own one - the main danger is leakage hurting people if the machine wasn’t maintained
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@Casey: Beezer… That’s why I said “Vegan diet plus fish and eggs“. Meaning I stuck to the vegan diet more or less - eliminating animal products including dairy.
That’s like saying “Drug free except heroin”. If you’re eating animal products, you’re not eating vegan. Period. End of story. It’s a two-state condition: you either are, or you aren’t.
People who use phrases like “vegan diet plus fish” are people trying to score social points for being enlightened or something. Claiming a middle ground just makes you look more like a pandering idiot.
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Holiday pics now this feel good crap? You might as well shut this blog down if this is the kind of garbage you are going to post. Any ad revenue potential this site had is fading fast.
Everyone here knows that you are in severe denial so there is no need to reinforce that by posting that you are scared to eat meat.
What is going on with your properties? (cmon now the banks are open today)
What about filing BK? -
Hey, Casey, the 2006 recap was super helpful! Can’t wait to see your goals for 2007 but one request: could you also post something like “A Day in the Life”? Like break down your day hour by hour? The big pic is helpful but I guess it’s human interest to want to imagine the day-to-day. THANKS! Keep up the good work!
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If reading “Rich Dad, Poor Dad” got you where you are today I think I’ll stay away from it.
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You didn’t accomplish one g.d. thing in 2006 other than getting you butt in a sling. You didn’t learn one g.d. thing in 2006. And it looks like not one g.d. thing has changed for 2007. Man, you give the whole self-help genre an extremely bad name.
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“Quit my programmer job at Pride Industries with no consumer debt to become a full time real estate investor (strong success, except the debt) ”
That’s like a surgeon saying “the operation was very successful except that the patient will be in a coma the next 7 years”
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Geez, starting the year with troll bait, are you?
“The goal is to acquire enough income property and/or businesses to get out of the “rat race”. That means having enough passive income from investments to cover my living expenses and have the option to retire early.”
Don’t forget that these goals need to come first:
1. Stop digging financial hole deeper (probably -500K now)
2. Get from -500K to 0
3. Get from 0 to xxK / xxxK so that you can start investingBut, you’ll of course do NONE of these, so it will be FUN to watch.
It’s all good.
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You never even got into it lazy little boy.
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“Vegan diet plus fish and eggs“ is not the right phrase. It is like saying “Celibate except for f*cking a few prostitutes”.
At best, you can say “Near vegan, or Convegan (convenience vegan)”.
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Maybe you should hire a writer. This post is a little too obviously provocative.
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Some concrete things to do:
1. Create a folder for each property, each line of credit (such as the $83,000 negative account at Wells Fargo). Put all relevant deadlines, due dates, payment information, maintenance needs and deadlines, etc. into these folders. (Don’t bother with “computerizing,” as much of the information will come from diverse places, such as bills, tax statements, repairs, and scanning and computerizing is just a time drain and “delaying tactic” at this point.)
If you already have such folders, great. Update them. Add Post-It notes for things you know need to be done, repairs, due dates, etc.
[estimated time to do this: one hour per property, to file the varous summaries, major bills, etc. Don’t get “blocked” by some obsessive (OCD) quest to get all the trivial motel bills, Macaroni Grill receipts, etc. into each folder. The key is to get the main stuff into each respective folder.]
2. Go through these folders at least 2-3 times a week. Go through them EVEN IF your memory is that nothing needs to be done on them.
(Remember, a person trying to buy, rehab, and sell even ONE house would likely look at the list of action items and deadlines at least a couple of times a week, so the fact that you have 5-8 properties/accounts/liabilities to monitor does not change this. You just need to methodically go through each folder. Of course, you need to prioritize this, as some properties may need MORE URGENT attention. This depends on the details, e.g., properties facing imminent foreclosure.)
[Estimated time: from 5 minutes to 30 minutes per folder, counting making short phone calls or sending e-mail, as needed. Could take much longer, if specific action items come up. Still, you should be able to do a review of your folders in about a 2-3 hour block of time, twice a week. More for urgent items, of course.]
3. Create a table showing money flow, a spreadsheet. I’ve outlined the rows and columns I might pick, but you should give this some thought and do it for your properties.
Discussed in great detail in past postings here. Agree or disagree with the specifics, but DO A FINANCIAL SUMMARY.
[Estimated time: Done manually, several hours to create a basic rows and columns summary. Done with Google’s spreadsheet or Microsoft’s Excel, will take longer to do initially, because of learning time, but will pay back this time manyfold as updates and elaborations are done.]
4. Make a one page list of KEY DATES or DATES DUE. No b.s. about “try to sell properties” or “get more education,” just a list of dates when foreclosures are likely to be triggered, if and when sheriff’s auctions are happening, etc.
5. Separately, or related to the above DATES list, make a list of very specific TO BE DONE or ACTION REQUIRED items. Prioritize these by DATES DUE or “A, B, C” type of priority. (Different people like different systems…the important thing is have the discipline to adopt a system and stick to it.)
[Estimated time: a few hours, then update as needed. Review this list frequently. Perhaps create a separate folder, put at the front, just for “KEY DATES” and “ACTION ITEMS.”]
For example, the Angleridge property is NOT OVER WITH, as your “wrapped, unwrapped, re-wrapped, where’s the money?” series showed. You need to establish key results and then follow-through on each. Put them in a list. Review the list frequently, especially as key dates approach. It will be a BIG PROBLEM for you, even with lawsuit implications, if, for example, you cause the new buyers who have already invested $70K into upgrades to somehow lose their property through _your_ dropping the ball someplace. I’m not saying you have, but you have admitted there is some major confusion about who has been paid, etc.
6. When these things above are done, when you have a handle on deadlines, dates, action required (real action, not “drink more orange juice” action), then you can begin to plan future activities. (And by future activities, I mean with regard to your existing liabilities and assets, not crud about buying more houses or “failing forward.”)
7. Create timeline charts for each property. Read up on the basics of various kinds of charts, including PERT and GANTT. (Use the Wikipedia to read up on these.). Don’t get too complicated, as you are not designing a new chip or a submarine, with tens of thousands of subtasks. Rather, get the _gist_ of drawing “boxes and blobs” representing milestones and deadlines, with subtasks (smaller boxes and blobs) feeding into them, or blocking them. .
8. Concentrate on prioritizing and not working on “not urgent, not important” tasks. Work on “A” priority tasks, then on “B” when time permits, then on “C” when there’s idle time as A and B tasks are in someone else’s hands.
(And stop the b.s. about more education, more Bible verses, jogging, etc. Do these if time permits, or as part of your non-business time, but don’t confuse them with your business work.)
9. Remember, you are acting (well, not successfully, yet) as a kind of “one person corporation.” And like any business or corporation, there are various sub-units or departments.
You can think of these departments as being different “hats” you wear, even to the point of mentally shifting gears from ACCOUNTING to MAINTENANCE to SALES to LEGAL (for the four I think are most important for your particular situation). If you have problems juggling these different tasks, wearing these different hats, then you need to formally shift gears from one to the other. (”On Thursday I’ll devote the entire morning to MAINTENANCE issues.”)
For example, think of your departments, for your rehab-flip business, as:
ACCOUNTING — the Accounting Department manages the bills, the incoming and outgoing cash, the taxes due, payments for contractors, etc. It uses the usual accounting methods: a ledger book (either manual or computerized), spreadsheets (for costs, ROI, profits, tax rate scenarios, etc.), and tax preparers.
(Some of this can be done with “small business accounting” programs like Manage Your Money or Money. Some is dones with spreadsheets. Etc.)
MAINTENANCE — Upkeep of your properties, repairs, mowing the grass, replacing broken windows, fixing leaky roofs, etc.
(I sure do hope you have real estate agents looking into your distant properties, especially to check on roof leaks, make sure heat is left set low so that pipes don’t freeze, that windows aren’t broken, that grafitti has not been sprayed on, etc. If your real estate agents have given up or are not diligent, or you are now doing FSBOs on these, you will need to either do this diligence yourself or arrange for it.)
SALES — this is where you concentrate on the actual business of selling, by contacting your real estate agents, adjusting prices (downward), buying ads (for FSBOs), etc.
LEGAL — it should be clear to you that you need competent legal advice. You claim to have talked to lawyers on a couple of different occasions, but I see no evidence in your actions that you got anything from these consultations.
You either need to retain a lawyer to advise you formally, or somehow you need to spend many hours educating yourself a lot better. (The Web has much on bankruptcies, foreclosure, etc. While not all advice on the Web is accurate, enough reading can convey the flavor. It took some of us only a few minutes each to see that your “house raffle” idea was totally impossible in California and, most likely, in all states you have properties in. And yet you continued to waste time and space here, and still on your home page, with this delusional idea. You need to learn to use the Web to disabuse yourself of flaky notions.)
Finally, you need one final department:
MANAGEMENT — The President or Owner of a small business, a shop, a corporation, even a college, needs to meet with his varous department heads and review the “roll ups” or “summaries” or “progress reports” of his varoius sub-departments.
For a one-man show, such as yours, you need to have the discipline to carefully analyze each area and make sure that attention is going to each.
There may be ways to do this with various crutches or aids: you could meet with a trusted friend every week or two and provide a summary of progress and charts and whatnot. Not a b.s. rhapsodizing about goals and hopes, but a careful review of schedules, deadlines, and progress. The friend acts as a sounding board, and as a way to “keep things honest.” (honest in the sense of being related to actual goals and deadlines and the all-important “financials”)
Another way is to write a week summary here, on this blog. (The problem being that we have no idea of the underlying contents of the folders on the varous properties, except for bits and pieces of what you have told us. And we will not have the time to analyze your own financials for you. But some kind of summary here may help to keep you from getting too far afield.)
Anyway, these are some of the organization things you need to look at. Any small business needs some of these tools. You seem to have “flown by the seat of your pants” for the entire past year, missing key deadlines, losing deals because you dropped the ball, and, most importantly of all, not even knowing what your properties were earning or not earning and what your cash flow was like.
(For example, most investors buying just a single house would have a clear table showing how many months they can let a house sit unrented before the ROI became unacceptable. You have let your properties sit unrented for 8-12 months! You were apparently in a negative cash flow on each since the earliest months. By the time summer arrived, your burn rate was an astounding $15-20,000 per month, with no positive cash flow from other investments or a job or anything. The point is not to berate you again for this, but to show you the urgency of having actual accounting systems, business plans, spreadsheets, etc.)
So, drop all the B.S. “goals for 2007″ gibberish and instead concentrate on sound charting, summarizing, listing, and following-through. Concentrate on timetables, deadlines, specific tasks, supporting tasks in furtherance of bigger tasks, and follow-throughs (phone calls, registered mail, etc.). And think of treating these tasks as Accounting, Maintenace, Sales, and Legal.
Good luck in getting yourself out of this mess in 2007.
–Tim from Monterey Bay
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Casey,
Reality check..You ARE in the rat race, and they are beating the shit out of you… -
It’s not a “vegan” diet nor a “vegetarian” diet. The operative word for the diet you are adhering to is the “pescetarianian” diet which is a somewhat restricted diet that avoids specific porks, beefs, lambs, etc. but not foul or fish.
And good luck adding 10 lbs of muscle to that tiny frame of yours by restricting your diet. Like all your other schemes, that one will also end in failure.
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“A vegan diet plus fish and eggs” is like my goal of being “a virgin plus sex and bondage”.
Eggs and fish mean you are NOT vegan. There is no PLUS - you are either vegan or not. You ARE pescetarian - a person who eats seafood and an otherwise vegetarian diet. You can even say pescetarian with no dairy. But you are not vegan and your comment is insulting to those who are. (I’m not, but I respect those who chose to be.)
Then again, you are “christian plus lying and stealing”, so perhaps you and you alone can define yourself as “vegan plus fish and eggs.”
Here’s some goals for 2007 for you:
Read the bits in the Bible about not stealing or lying
Jog more than a mile a week, which you averaged in 06
Squeeze your own juice and spend $0 at Jamba Juice
Sell or give away all your houses
Stop paying rent while you own properties
Beg Pride Industries to give you another programmer job
Get a part time job to add to the income
Eliminate consumer debt and stop borrowing from friends
Only spend unborrowed cash
Stop wasting time on your blogAND, most importantly…
Understand that you have not ever been a full time real estate investor - you have completely failed in this and your lack of ability to see this is scary -
Sorry, I mean “Highland” (the Utah property), not “Angleridge.”
“For example, the Angleridge property is NOT OVER WITH, as your “wrapped, unwrapped, re-wrapped, where’s the money?” series showed.”
But on the Angleridge foreclosure, that is also not DONE, so be sure to keep a folder open on that one. The lender no doubt has issues still open, plus 1099s headed your way (his loan write-off on his taxes is your taxable event).
–Tim from Monterey Bay Area
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Why do you want to retire early? What do you want to do during retirement?
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CASEY - YOU ARE THE LAZIEST SOB I’VE EVER MET!!!
BEST OF LUCK IN 2007, YOU F*****G SLACKER!!!
RK
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“Read Rich Dad Poor Dad by to see what I’m talking about.”
Read http://www.johntreed.com/Kiyosaki.html to see what I am talking about. Kiyosaki is a flake just like you, Casey. He appeals to the lowest common denomiator in society, those who believe in wealth without work or risk. Two peas in a pod.
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Did you just start the text link ads or did I not notice them before?
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“I’m a vegan except when I meat.” No Casey, the truth is you are a meat and egg eater that is trying to be vegan.
Call a spade a spade.
“I’m a full time real estate investor” No Casey, you are broke, lazy, unemployed, and getting foreclosed on all your houses.
Call a spade a spade.
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So your biggest success in 2006 was taking a shower every day. Wow.
Here (handing Casey a smile face sticker). Good job.
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Part of the attraction of this blog to people is Casey is so f’d financially and so poor at planning and execution and follow up that almost EVERY reader can feel better by looking at the Casey files.
I’m in FEDERAL PRISON and i’m better off than him.
Casey you should consider being a washington lobbyist. Poor credit rating is ok.
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“Quit my programmer job at Pride Industries with no consumer debt to become a full time real estate investor (strong success, except the debt)” Except the debt?!! Okay….Other than that, how was the play Mrs. Lincoln?
Casey, I used to struggle with my goals. I’ll give you some advice that worked for me. Make them even easier to attain. Mine for ‘06:
1. Blink at least 20,000 times a day. (92% success). I would have hit this but I was in a coma for eight days.
2. Bowel movement 1x a day. (85% success).
3. Pick nose 2x a day. (100% success!).
4. Watch TV daily. (100% success).
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I recently turned 27 and am from a poor family in southeastern Louisiana. I worked long hours to pay for a respected college education, and work in the computer industry as you have. I have the same goal as you:
… to acquire enough income property and/or businesses [generating] passive income to cover my living expenses and have the option to retire early.
From the moment I started working, I had a plan to live below my means, diligently save, invest, and grow my money to achieve my goal. I have a written plan and track my progress on a monthly basis.
I’m set to retire for the rest of my life, in late 2010, likley before my 30th birthday. If I wanted to take a bit more risk, I could likley push that sooner. Here’s the proof.
http://wiki.teamengine.org/ind.....ent_Budget
I’d also encourage you to read the following financial advice, most of which I wrote when I was 19.
http://wiki.teamengine.org/index.php?title=Finance
If you go bankrupt, work hard, and follow my advice for the next 10-15 years, you too could retire before you are 40.
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I noticed that you list said nothing about your wife, your marriage, or her credit. I thought her credit was of the upmost importance.
But since it didn’t make the list, it is subpar to showering daily. It must be because it is her credit and not yours and all you truly care about is yourself.
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Tim from Mont. Bay — Start your own blog. I would read it every day if you talked about how you go about organizing things and making key goals. You are more interesting than Casey to me on this blog at this point.
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Hey guys, Casey hasn’t lost a cent. If he avoids jail time there is almost no downside.Credit scores and credit availability, despite what the “system” wants you to believe, aren’t really that important.That old saying-I’d rather owe it to you, than beat you out of it.
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Just ignore all the haters on this blog, and focus only on your greatest area of strength: the consumption of Jamaba Juice. I am sure you can improve on that 52% in 2007. I’ll be rooting for you.
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Casey, I admire your pluck. Like a convict cracking jokes on the way to the executioner’s chair. But for your sake, I hope you realize that you haven’t really been tested yet. You will be indicted at some point and you will be facing a long jail sentence for fraud and we know what happens to wimpy young white boys in overcrowded California state prisons. I don’t think those gangbanger types are going to appreciate your oh-so-gen-X’ish style of humor. No blogging from prison either–now that is going to be real deprivation.
My recommendation: develop some fighting skills and add another 30 pounds of muscle, even if it means abdicating that vegan with meat diet of yours.
P.S. I’m pretty sure food in prison is NOT organic and they probably DO use microwaves.
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Oops, I forgot one goal.
4. Finish reading a Tim From MBA post (0%).
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Tim from MB,
It’s really nice that you try and help Casey, and you gave him a lot of wonderful advice. You make the folder idea sound very easy to do.
But the bottom line is, Casey will not do it. Look at how he started all this, with some notes scribbled on a white board. There all he put was the address and how much cash back at close he was going to secure. From the very beginning, Casey was in WAY over his head.
There is no way that he is going to put any folders together. He never did the simple spreadsheet either. His priorities lie in juice, income, and naps. He’s quick to talk about the money he makes via loans, and the money he COULD make with ‘bird-dogging sweet deals’, but he has no time for the debt. He didn’t even know how much he owed WF at first! He thought 65k…oops, 83K!
It’s amazing to me to think that he has not touch a single bill in months. He doesn’t take phone calls from creditors and seems to make no effort to contact them and work out some payback arrangements. Although he does seem to keep up with his cell phone/wireless internet.
Anyway, I’d like to as you Tim, and anyone else here, what they think will happen to Casey in 2007. If you had been asked back in September where he would be today, would you have guessed correctly?
Me, no. I thought the process would be much faster than this, but then I don’t know much about real estate and foreclosure. I’m surprised really that things aren’t worse for him right now (only one foreclosure!).
My predictions: by the end of 2007, the houses will be gone. Somehow. Foreclosed, short-saled, w/e. I don’t think his wife will ever leave him because of their family values. Will he be working a full-time job? I’m gonna say…no. More seminars? Probably.
I would love to hear everyone’s thoughts!
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Casey, can you tell us commoners how to look for houses in foreclosure auctions and how a common guy can bid on a house? You claim you want to be educational, so share something with us.
I’m currently paying ~$2000/mo for an apartment in Manhattan and I want to go back to grad school to pick up some extra education. This basically means I’ll be working part time and going to school part-time. My thinking is I can cut my work load and my monthly rent. I know that just outside of Manhattan, I can buy places with a payment for under $2000/mo easily. So my question to you is: Where do I go to look for distressed properties below market value where I can possibly turn a positive cash flow?
I don’t plan on buying 8 houses. I just want one condo. I’d like to find a property with a mild commute near here that would have positive cash flow if I were to rent it out.
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Tim from Monterey Bay Area,
Why not put together a simple PERT chart for Casey, involving one house, and let Casey post it on his site.
Then once again, Casey will piss away some more valuable advice in favor of Tony Robbins/Robert Kiyosaki quotes.
I think your advice is valuable, and I can sense your frustration with Casey. How long before you give up and join the “haters” who start off giving advice, then end up mocking Casey?
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Casey:
It is time you understand that you know nothing. You were not Vegan nor practicing a vegan lifestyle.
Saying: “Vegan diet plus fish and eggs. Meaning I stuck to the vegan diet more or less.” Is like saying you practice birthcontrol, more or less, then, later find out you are “a little bit pregnant.” You either practice it or don’t.
Wikipedia states:
“Veganism (also known as strict vegetarianism or pure vegetarianism) is a philosophy and lifestyle that avoids using animals and animal products for food, clothing and other purposes. In practice, a vegan (an adherent of veganism) commits to the abstention from consumption or use of animal products, including meat, fish, and poultry, animal gelatin, honey, eggs and dairy products, as well as articles made of silk, fur, wool, bone, leather, feathers, pearls, nacre, coral, sponges and other materials of animal origin. Most vegans also avoid products that have been tested on animals.”In addition, Wikipedia also states:
“Vegetarianism is the practice of not consuming meat, with or without the use of other animal derivatives, such as dairy products or eggs…… person who does not eat meat but does eat fish is not a vegetarian.”Once again, you try to pass yourself as something you are not.
PLEASE STOP making statements of what you are that you are not. It only shows how LITTLE you know.
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“I know a real estate agent would wound your precious pride, but think about it; you have way too much work to do if you actually care about selling these houses. Delegate some to the agent! Even better, you don’t have to pay them until there’s a sale. For most people, this means they have a professional working for them that gives them the time they need for work and family. For you, this means you can sit on your ass some more!
I know they take commission, but seriously, you’ve got too much on your plate. You need help if you’re actually going to sell a house and stop foreclosure. You don’t really seem bent on stopping it, but if you change your mind, consider an agent. Craigslist isn’t going to save you. ”
I am an RE Agent and there is NO WAY I’d get anywhere near Casey and his mess for any amount of commission. The nice thing about this business is I get to chose who I work for. Can you imagine what a whiney bitch Casey would be? Plus there is no way he’d list it at what it should be listed for. He’s so underwater, he needs to build a submarine.
I still can’t believe this thing is real. Just when it can’t possibly get worse, Casey posts some more drama. Unreal.
Here are my goals for 2007
Wake up after 10am most of the time
Wake up after 11am some of the time
Go to gym and scope out hotties like Mrs Serin while I sort of work out. Ride my bike every 5 days or so.
Walk past Jamba Juice once in a while. Maybe go in and have an OJ here and there.
Drink a TON of booze
Shower here and there. Shave every couple of weeks.
Go to Mortons and have a steak once in a while. PETA = People Eating Tasty Animals. I’m having salmon for dinner tonight. Do vegan lesbians eat p^ssy? WTF?
Make bank and pay cash. Why would you work your a$$ off to buy a house only to take money out of it? Sheesh..As much as it pains me, here is my advice to you Casey.
Go buy a bottle of Jack Daniels and drink it. Then go talk to a real lawyer who you pay at least $5000 to. You’ll thank me for the JD later.
That should be your only goal for 2007.Oh, and move into one of your houses. sheesh..
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@Tim-Monterey
Why don’t you just adopt Casey? He needs your money, not your advice - Casey doesn’t need anyone’s advice.Off topic - did you ever meet Claude Shannon?
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Casey, why don’t you just give all your info to Tim from MBA and let him build your spreadsheet? I think he has probably spent more time explaining to you what to do than if he had just done it himself…
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Casey, one contradiction I would like to point out. You say you want to gain 10 lbs of muscle in a year, but you are on a vegan diet. ?!?!?!? How many vegan body builders do you know? Enough said.
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Kiyosaki makes most of his living selling books and tapes, not RE investing. As a poster boy for the collapsing housing market I don’t understand how you can still believe in a charlatan’s advice to “borrow you way to success.”
A wise man learns from other peoples’ mistakes but in Casey’s world bad= “It’s all good!”, debt=wealth, black is white, up is down, Saddam is Mother Teresa…
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I suppose there’s not a whole lot I can say that hasn’t been said, already. I’ve been reading this blog off and on for weeks and I can hardly believe it. Unfortunately, there are a lot of people like Casey out there so even if it’s being faked to some extent you could still qualify it as “historical fiction”.
One thing that’s been touched on and I’d like to expand on is, the intellectual poison spread by these investment “guru’s”. What they “teach” is for entertainment value AT BEST.
Think about it: RK convinces Casey, who has a paying job and no debt, to quit his job and take on a ton of debt. Now, after being “taught” by this “guru” Casey now has NO income, and 2 million in debt and has already lost one house to foreclosure. It seems to me that those “lessons” were not very valuable.
The fact is, RK knows nothing about running a business. I run a business (that actually makes money) and I can say with some authority that the “advice” in his book is mostly BS from someone merely trying to look good. The only way he knows how to make money is to con gullible people like Casey into buying his books and attending his seminars.
If you want to learn investing, read up on John Templeton or Warren Buffett. They may not tell you what you want to hear, but they at least know what they are talking about. Robert Schiller is another good read. Those guys will at least give you some useful information instead of crap like how they had their corp buy them a Rolex. DUH, RK! That Rolex just came out of YOUR dividend!
Another note to Casey: You really need to start speaking honestly. You eat meat. If you eat meat, you are not a vegetarian. Period. Losing houses to foreclosure is not a “success”. Period. Your foray into the “investing” business is a complete, total failure by any reasonable definition. Period. You have clearly crashed and burned. What is your next degree of “success” going to be, Casey: 5 years instead of 8? You are not even a successful criminal: Those who succeed at crime get away with the loot and all I see you with right now is a heap of trouble.
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Casey,
You are going to be successful! You and I are allot alike.
We’re going to buy homes even if the market is “bad”. Those homes are going to go up in value because that’s what homes do over time.
We’ll prosper through the dusty southwestern deserts with sweet deals and there will be rabbits. Lots of rabbits.
Just focus on the rabbits Casey!
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Again with the passive income dream. *rolls eyes* C’mon, Casey….you’ve yet to share with us what you plan to do with your time after you’ve retired early. What are your plans?
Also, just wondering how many “bird dogs” you’ve paid $500 to in 2006. My guess is zero.
“Your ‘06 goals were juvenile and I imagine ’07’s goals will be more of the same. Some food for thought:
Overconfidence
“Instead of reacting to market rumors, anecdotes or advice with a healthy dose of skepticism, many people not only believe, but also act on what they hear, supremely confident that they are able to discern fact from fiction. Thinking that they know more than they do, they express their opinion as fact on subjects they actually know little about. Because admitting you don’t know something is considered a sign of ignorance, people would rather pretend to be confident and live with the consequences of being wrong. Instead of listening, they talk. Instead of learning, they lecture. Instead of waiting patiently, they act speculatively.”
Irrational Exuberance
Robert J. ShillerMagical Thinking
“Magical thinking describes subjective speculation about how markets will act. It is difficult to know for sure how significant a role intuition about the likelihood that investments will do well or poorly plays in peoples’ decisions to invest. We are trying to assess innermost thoughts about money and self worth which most people feel they do not have to explain or justify to anyone. However, we can label these patterns of thought as magical thinking. Most investors have occasional ‘feelings or intuitions that certain trading actions will bring them luck even if they know logically the actions can have no effect on their fortunes. Playing a hunch just because it feels right seldom makes traders rich. Yet proof that it’s human nature to indulge in magical thinking abounds:
1. It has been shown that people will place larger bets on a coin that has not yet been tossed than on a coin that has already been tossed, but the outcome of the toss has yet to be revealed.
2. If asked how much money they would demand to part with a lottery ticket they already hold, most ticket holders give a figure over four times greater than if they themselves chose the lottery number on the ticket. Apparently, at some magical level people think that they can influence a coin that has not yet been tossed and influence the likelihood of winning the lottery by choosing the number.
3. People are capable of thinking, at least on some intuitive level, If I buy a stock, then it will go up afterwards or If I buy a stock, then others will probably want to buy the stock, too, because they are like me or I have a hot hand lately; my luck is with me. Such magical thinking is likely, in a subtle way, to contribute to the overconfidence that may help the propagation of speculative bubbles.”
Irrational Exuberance
Robert J. Shiller“Everyone wants to be rich, but few want to work for it.”
~Richard Driehaus -
casey,
My goal for 2006 was surpassed, I am in my mid-30s
-six figure stock portfolio - 100%
-six figure 401K portfolio - 100%
-get wife pregnant - 100%
-paid off 2nd lien ~9% rate on my house - 100%
-helped my parents with their retirement plan - 100%I am looking forward to a better year in 2007
Cheers!
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Since you have fans all over the country, have you considered organizing some kind of a house-rehab party for your properties? Get people to pitch in and fix up your places for sale! Kind of like a Habitat for Humanity outing…
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G’day Mates!
Ozzie Tim here.
Wow. Fair suck of the sav here! This whole vegan thing’s struck a mighty raw nerve. Seems that a load of you blokes are quite irratable and defenseive about eating the old dog’s eye. WHat better sport is there than trying to outwit dinner?
I can see it now from all you root chewing vegan’s describing the day’s hunt: “There I was breathlessly crawling undetected up to the raddish patch. Slowly I crouched, near motionless, in the savannah as the sun beat down overhead. I waitied an interminable time for the flower to open to the ever-so ready position so that the dear raddish’s stamen was at it’s azimuth. That’s when I so expertly grasped my quarry by the stalk and uprooted it so rapidly that it never knew what happened.”
Hey vegan boys: Just don’t eat the mandrakes. Their screams as you tear their little defensless roots from the nurturing mother earth will make you insane.
I think I’ll send PETA (that’s People Eating Tasty Animals) an extra $10 so they can restock the trout pond that much sooner.
Now THAT’s good oil!
figjam.
Hooroo. Ozzie Tim
PS - vegan boys: if you can stomach it, there’s some mighty terrifying video of wheat being harvested by a combine on a new Busweiser commercial (not for the faint of heart vegan boys)
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C’mon, Casey. You say you made “some” mistakes? You’re a freakin’ walking disaster area when it comes to real estate!
Robert Kiyosaki isn’t making money on real estate, bubba. He’s making money from people like YOU.
I have nothing but passive income these days, but I didn’t read ONE self-help, get-rich-quick book in order to do it.
I had a day job and worked my ass off at night. And I did it for 17 years. Sure, I made mistakes. Yes, I got burned from time to time.
But I didn’t sit around trying to find ways to beat the system while I sipped on Jamba Juice. I didn’t use “creative” financing. And I didn’t lie to mortgage companies.
You’ll NEVER be successful until you forget everything these so-called guru’s have taught you and get some common sense.
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Rich Dad is definately making money by selling books to young kids like yourself who dream too much but very few actually succeed. Most likely your best bet would be to get out of debt and stop buying and flipping houses which just makes the banks and mortgage underwriters pocket loads of cash.
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Looks like Pride might take you back AFTER you are released from prison
http://prideindustries.com/reh.....eentry.php
Why, that IS good news !
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“Try not. Do… or do not. There is no try.”
- master yoda
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Tim,
Why are you spending so much time writing worthwhile ideas for somebody who so far has basically done NOTHING since he started this blog?
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Why don’t you sell some of your stuff — like your camera or your PDA — on eBay to pay back some of your debt? Do you think it’s right to owe money to so many people while you enjoy such material goods.
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Only in america can quiting your job be viewed as a success?
Casey, what part of your real estate empire required the time you spent on your “real job”?
Whatever happened with the utah house? and the $70k?
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@ Tim Monterey Bay
Tim: good post earlier. But cutting to the chase…
You told the blog a month or two ago about the reasons why you love being retired. You get to ride your motorcycle up and down Route 1 and, if I remember correctly, you get to treat every day as Saturday. You do what you want to do, when you want to do it. You select those projects that are worthy, in your view, of your time and interest.
Now: be as honest with the blog and with yourself as we are all encouraging Casey to be with himself.
WTF are you doing spending all this time with your lengthy posts? Since you are able to do what you want to do when you want to do it, I have to assume that you want to be writing to Casey. Why? Casey has not a freaking clue–he is not connected with reality in the same way that most of us are. You are pissing away your time, and you are not a guy who generally–if your early posts are a good indicator–suffers fools gladly.
Do you suffer the delusion that you are going to be the one to break through his denial, when all of the rest of wreckage that has come down on his head in 2006–and will gather speed this year–has not accomplished the task?
The weather’s been good in No Cal the last week. Why aren’t you out on your motorcycle?
Maybe you are doing it as a service to the other bloggers? That’s semi-plausible. Maybe Casey reminds you of a long lost nephew? Implausible, but not impossible.
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“Read Rich Dad Poor Dad by to see what I’m talking about.”
Do yourself a favor and throw his books in the garbage.
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Casey:
It sounds like you need more help to get flipping again.
There are a bunch of new books that will help you flip in make a lot of money in 2007.
Remember real estate always goes up so it’s always a great time to buy and flip.
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OK, here’s something Casey can post that would be genuinely useful: a blow-by-blow, hour-by-hour account of exactly what he does on a typical working day, from the moment he got up to the moment he went to bed (bathroom breaks and other needlessly intimate details excepted).
I reckon this will tell us a huge amount about his level of motivation.
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There actually are bodybuilders who are at least “‘more vegan” than Casey…At least “lavo-octos” anyway.
As far as the “vegan”‘ claims..I could understand if Casey said “Try to eat a primarily vegetarian diet with the exception of fish” or something like that, but saying “vegan” anywhere is reaching.
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I like how angry the vegans get, that’s funny. So is Tim, he is so organized!
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@Dick:
You could call it Serin’s Housing Investment Teaching University (or SHIT U for short). Award yourself a Phd., then people would give you more credibility and might lend you more money. Hell, you could offer a Phd. to anyone who bought any of your houses. (I’d like a BS from your SHIT U.) I’m sure Kiyosaki could be a trustee.
Think of the possible slogan: “SHIT U, Where we teach by the shovelful”LOL!!!!
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But Futures: Don’t you want to buy into the sweet deals? I mean really now…1 condo??? Why not buy 3, overpay for them by taking an equity loan upfront and then sit around quoting rich dad every 5 minutes and pretend to be a Christian so it gives you something to hide your guilt behind?
I mean THAT is the Casey way. After all, why work or go to Grad School when Sweet Deals are out there for the takin’?
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Wow, I think the saddest thing about the post is not so much the failures — we all have those — but rather how small your dreams are.
From this and other posts, you seem to have grabbed onto the sum of $3,000 a month as equating “success”. That works out to a pre-tax income of about $50,000 — right smack dab in the middle of the middle class. Definitely not “Rich”. But whatever, that’s your stated goal.
If an after-tax income of $3,000 a month is really what you want, then you’re going about it the wrong way. Go back to technology. There are many, many jobs available to someone with HTML / CSS / AJAX / PHP skills that pay $50,000 to $60,000 a year; more, if you’re a particularly good programmer or are skilled in UI design. And you can earn that sweet monthly income without the stress and strain of your current path.
Sounds like a win to me. But sadly, you probably won’t see it that way.
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To Casey,
We got some very good deals for you,Casey,
you can get lots cash back if you buy it in 5 days.No Credit, no Problem.
Our goal in 2007
We make you broke more,
A Broker
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FuturesTrader wrote:
“Tim from Mont. Bay — Start your own blog. I would read it every day if you talked about how you go about organizing things and making key goals. You are more interesting than Casey to me on this blog at this point.”Sorry, I don’t plan to start a blog. I wrote for a mailing list, a kind of blog, that had 1000 subscribers and generated about 100 messages a day….helped me learn to be a fast touch typist!
Here’s a simple thing that Casey ought to be doing, if he is not already (as I suspect):
– go to Staples or Office Depot and buy a Day-Timer or Day-Runner, or something comparable
– I used one of these for most of career in a chip company. I used it to mark important dates, deadlines, etc. in the “week at a glance” spread over two facing pages. (Later, as I got better at abbreviating and in knowing what to do, I switched to a “month at a glance” over two facing pages, with details stored in separate places.)
– I also kept a hardbound “lab notebook,” a kind of journal or diary, wherein just about any calculation or note or scrap of information was jotted down. While Casey does not need a _lab_ notebook, the notion of having a place to sequentially write down stuff is important. And another place with a good calendar system and “to do” lists.
(By the way, even though I have a bunch of computers today, I still keep a large format lab notebook for notes, drawings, charts, and sketches of ideas. Even graphics-savvy computer programs are poor substitutes for being to sketch, draw arrows liking ideas, etc.)
– PDAs are also fairly usable, though sometimes people scrimp on writing stuff down because the display is so small and the stylus or tiny keyboards are hard to use….this is why I would suggest a Day-Timer or Day-Runner (also useful because the binder/folio has places to stick important letters, bills, stamps, etc.–a way to work on important mail and bills even while at the infamous Jamba Juice!).
– there are also a bunch of good organizational tools for PCs and Macs. I started used outline processors when they first came out (circa 1983) and then when they got a lot better with programs like “More” and “PowerPoint.”
(These are good for motivating detailed thinking and capturing large amounts of information.)
– I don’t follow the PERT and GANTT charting software business too much. I remember Microsoft had a product called “Chart” for a while, and there have been various tools for creating blob diagrams (where each blob is some key result or stage or milestone, linked to others). Mostly I think this is best done on paper, to best capture the scales (large sheets of paper, small blobs).
For Casey, what he needs to do is pretty damned clear:
* find out where he is, in terms of balances on his varous properties and loans, so he can think about where he’s going
(I happen to believe that if he finally does this balance sheet and sees that he is $60K down on one property, $40K down on another, $75K on another, $140K in credit card debt, $20K in personal debts rung up in just the past few months while he tried to finance his recent cruising along, and with a monthly burn rate of $20,000, or whatever it turns out to be, that only then will he say “Holy Sh*t! I am so scr*wed, so far underwater, that no possible “sweet deal” can bail me out. Time to call the bankruptcy lawyer and see what he can do.”)
What a lot of these planning tools do is to help people to avoid the “ostrich syndrome”: “if I don’t open my mail, bad news won’t arrive,” “if I don’t think about a loan that is 5 months late, that means the banks will not do things on their end.”
Planning tools like calendars, day planners, wall charts showing milestones, all of these are “mechanical aids” for keeping people focused and thinking about deadlines and milestones.
Casey appears to be using none of these sorts of tools. Each week brings some new bad result and a sheepish comment along the lines of “Gee, I guess I should have opened that Registered Mail letter!”
Amazing. I predict the “Casey Case” will be taught in business schools someday.
–Tim from Monterey Bay Area
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RICH MOM,
I SAW LOTS OF “Read Rich Dad Poor Dad” BOOKS IN THE GARBAGE IN THE LIBRARY.
I GOT IT FREE BECAUSE I NEED IT TO USE AS A FIREWOOD.
RICH MOM
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Oh well, another one bites the dust in ‘07. If you have half a brain you’ve already liquidated the houses and are keeping this off blog to keep the eyeballs coming.
Otherwise you’re just another dummy who got in over his head thanks to a lot of other dummies with Ivy League degrees who’ve decided to break the bank by lending to every halfwit moron.
But heck what do they care! Whatever happens next, China is the big kahoona that’s going to keep corporate America chugging along profitably.
Nows the time if you still have a passport to leave for Uzbekistan. From there a work permit in Russia where everything is going quite well thanks to their oil rich economy. Of course all of this requires effort, work and gumption. Something sorely missing form your dietary intake.
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Unfukking believable! Quitting your programmer job was your biggest “successes” in 2006!
Congratulations!
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“From this and other posts, you seem to have grabbed onto the sum of $3,000 a month as equating “success”.”
By Casey’s present standards, an income of $0 per month would equate to success. At the moment, it’s minus five figures.
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Rob P. wrote:
(and someone else asked a similar question, too)
“Now: be as honest with the blog and with yourself as we are all encouraging Casey to be with himself.
WTF are you doing spending all this time with your lengthy posts? Since you are able to do what you want to do when you want to do it, I have to assume that you want to be writing to Casey. Why? ”
Because I want to. Because sometimes I feel like expressing an opinion. And “everyday like a Saturday” doesn’t mean going out and “doing things.” Part of having leisure time is NOT dealing with the rat race of traffic and other people. As another retired friend of mine puts it, “A good day is when the car doesn’t leave the driveway.” I’ve had period of 4 or 5 days when my car never left my driveway. “Sweet!”
As for why I don’t ride a motorcycle instead of writing, I spend many hours a day on the Web. I like it that way. I have music on, or a DVD on, or even CNBC on, and it’s a lot of fun to check sites, read about various things that interest me, and even respond on sites like this one. The Web is now the world’s biggest library for just browsing, learning, following things where they lead, etc.
Some days I don’t write anything here at all, you may have noted. These are often days when I’m traveling, or hiking, or visting friends, etc. (Though even some days of traveling I log on at WiFi hotspots…)
Casey’s situation has been a slow motion train wreck for several months now. A lot of us have said this. And have said it’s like an accident that we can’t look away from. I admit it, it’s a somewhat addictive site.
The time has probably passed where Casey could somehow profit from our interest, though. Maybe Casey knows something we don’t know, such as contacts about a t.v. show or movie of the week (and there’s the suspicion that PRLINKBLITZ in Phoenix has a contract with him, of some sort…Casey has neither confirmed nor denied this and has refused to say just what mysterious hold she has over him).
Meanwhile, I expect the mangled wreckage of this train wreck will start slowly sliding to a stop in the next two months. All of those properties that are 5-7 months delinquent are probably all gonna be gone by March.
And then the rest of the blog will only be about the Wells Fargo and VISA and MasterCard people trying to collect, and the IRS sending him notices (but not for a long while, probably in the 2008 tax season) saying he owes $97,842 for the various 1099-reported loan losses.
The blog will not be too interesting once that happens.
–Tim from Monterey Bay Area
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Please go over your goals and your results again. Close your eyes, then re-read them a 3rd time. At this point it should become clear why you are in the mess you are.
Remember this: Excuse + Failure = Failure
The definition of insanity is doing the same thing repeatedly expecting different results. Your day-to-day actions is a great example of this. -
Forget his misguided ‘veganism’…
I’m still laughing my a$$ off about the doll from the last post. Now *that* was good material.
It’s no surprise Mr. Serin falls for dietary trends–he falls for every other trend or well-marketed, yet totally lame idea that gets heaved out of some random idiot’s sphincter.
It’s no wonder his mother can’t sleep at night for crying; it’s not the haters that do it, it’s her horrible sense of failure as a mother, having a son that shows absolutely no independence of mind.
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Here’s is some serious advice:
1. Talk to a criminal lawyer about your situation and whether you have committed any federal or state crimes. You need to confront this issue first of all.
2. If there is the possibility of criminal charges, then pay lawyers now to get a good defense strategy mapped out. Strategy is more important than legal representation in court (you can just use the court-appointed lawyer for that), since you will probably be pleading guilty, given that there is little question of what you did. By strategy, I mean which jurisdiction in which to plead guilty and when and what sort of jail time to bargain for. Should you drag things out, hoping lots of other people will be in the same boat by then, facing fraud charges for no-doc loans, so that the DAs are swamped and ready to deal? Or should you try to get it over with now, hoping that the public hasn’t yet gotten angry about mortgage fraud and thus the courts will go easy on you now? And more questions like this. If you can scrouge up the money, talk to several criminal defense lawyers to get different opinions on the best strategy.
3. Have a parachute ready in case you have to go to jail and also declare bankruptcy and get divorced by your wife. That means, have some cash available so as to get back on your feet when you come back out. Maybe you could bury some cash in your parent’s backyard. Also, store a car, some clothes and computer things at their place, so you’ll be equiped to start a new life once you get out of prison and bankruptcy. Then again, some time bumming around as a homeless person might be a good thing. Builds character, as they say.
4. Shut down this blog. It is leading you in the wrong direction, encouraging you to behave in an outrageous way in order to amuse your readers. (Note to myself: stop reading Casey’s blog and stop commenting on blogs in general, since these activities are wasting my time and energy.)
5. Do some soul-searching as to why you think it is unpleasant to go to work in the morning. I achieved financial independence according to your definitions (passive income of $3000/month, after tax) at the age of 30 and haven’t worked since 35, which was 15 years ago. I can’t say this has made me a happier person. Then again, I doubt it has made me less happy. Before I retired, I spent a lot of time making money. Now I spent a lot of time doing nothing. There’s a profound message in those last two sentences of mine.
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Casey math in pictures:
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Casey,
Sorry to be writing so much today. (I think your “2006 Review” will break the record in number of replies.)
You need to SEPARATE your PERSONAL goals from your BUSINESS goals. Part of the laughter here is because most of your stated 2006 goals were about New Age garbage about orange juice and not eating microwaved food (BTW, all microwaves is heat the water in food by shaking it violently…no chemical changes occur, so microwave cooking is perfectly safe, albeit often bland tasting…good for reheating, but rarely for actual cooking) and reading Bible verses and running and…and so on. Few of your business goals were actually implementable. And by the time you started buying properties, you neglected to set up realistic goals and timetables and “drop dead dates” (a drop dead date is a bit like an “automatic sell” order for stocks: for instance, if a property is not rented by such-and-such time, sell it at a loss).
It’s fine for you to have various resolutions about diet, exercise, blah blah blah. But what’s killing you now is your financial black hole, the one that has probably sucked you in beyond the point of no return.
If you can do it, which is an interesting issue by itself, you can theoretically get around some of this $400K in _real_ indebtedness. (For the newcomers here, Casey does NOT actually owe the $2.2 million sometimes mentioned, as the various properties have _some_ value, albeit only about 60-85% or so of what he paid for them, from what is being reported here. Between the “short” amounts and his credit cards and credit line debts, my best estimate is that he owes about $200K in “must pay back” debts that are very difficult to discharge in bankruptcy and another couple of hundred K in shortfalls in the properties, this debt being largely cancelled or written off…though with 1099s likely to be issued for the forgiven debt.
So, Casey probably realistically is in the hole for about a quarter of a million that he cannot escape from.
Some here have said that he can be declared “insolvent” and thus escape even having to pay back his personal loans, hard money loans, credit card balances, etc. I’m dubious. I have relatives who had negative net worth when they went into bankruptcy but they _still_ had their paychecks garnished for the next half dozen years.
Add to the issue the self-confession by Casey that he committed loan fraud and that he has been borrowing recently even though he is contemplating a bankruptcy filing, and he may not get the debts erased.
Lastly, some numbskulls here have repeated the mantra about how Casey doesn’t actually owe anything (the silliness about “owe the bank a million dollars and you own them!”). Or about all that is at stake is Casey’s credit score.
Well, no. No, Casey has a lot more at stake than a crummy credit score. A lot of people have terrible, in the toilet FICO scores. And yet they are not in the world of hurt that Casey is in, by his own admission here. Casey actually _does_ owe this money, the $200-400K, depending on how one counts, and failure to pay it will trigger all sorts of legal actions.
Also, I will be shocked if his freely-admitted loan fraud, interstate actions (worse than just within a single state), and his “poster boy” status do not bring about prosecution.
In fact, I predict that if he is not prosecuted, there will be consequences for those who elected not to prosecute. His case is too clear-cut: he lied about intending to occupy the houses, he lied about his finances and his abilty to make timely payments, he arranged nearly simultaneous closes without notifying the lenders about the multiple simultaneous purchases, and he may have taken back cash without the lender’s knowledge (if he told the lenders he was taking cash out, or cash back from the seller, he should make this clear here…so far he has not, that I have seen, carefully explained that the lenders knew about all of the cash back deals).
I expect that prosecutors may be waiting for things to shake out. Filing charges now, before the last of the houses has been foreclosed upon, is not as “clean” as waiting until the foreclosures have happened and the lenders can file complaints themselves.
Just my hunch. I am neither a “hater” nor a “supporter,” but I want to see justice done.
–Tim from Monterey Bay Area
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Here’s one more you can do in the next couple of weeks:
Find out what is happening to the payments for the Utah property, and sort it out BEFORE the grace period for this month’s payment expires (probably Jan 15th but may not have a grace period if it is already in arrears).
If your Utah buyer gets a Notice Of Deficiency filed, he may decide to have his renovation crew stop work on the house for a couple of days, and bring them to Sacramento to show you the finer workings of a nail gun (and other power tools) in an unforgettable, if rather messy fashion.Seriously, though, you need to sort this out ASAP for too many reasons to list here - even if it turns out the payments have been going to the right place all along.
Really, how can you call yourself an “entrepreneur” but can’t even be bothered to figure out if your reach-around sales are firm? Those people suggesting you become an escort obviously never thought about that. -
Ogg, come out of cave! We need to hear from you!
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Microwave ovens cook food by shaking the water molecules in the food and thus heating the food containing the water molecules. “Microwave radiation” is not dangerous in the way that some ionizing radiation may be (such as x-ray or gamma radiation). The microwave “waves” (= “radiation”) just have a frequency tuned to excite water molecules. Nothing more.
Microwave cooking is thus more akin to steaming, which is precisely what a lot of vegetarians and vegans due to their vegetables.
In this sense, microwave cooking is probably “safer” than varous other cooking methods which may cause high-temperature reactions, charring, production of nitrosamines (as in seared bacon or other meat products), etc. (However, it is often the higher temperature cooking with broiling, pan frying, searing, or grilling which gives meats and other foods a nice taste, through the “Maillard reaction,” related to caramelization of sugars and suchlike.
I don’t know what to make of Casey’s willingness to follow so many silly newage trends. Maybe he slept through high school science classes…this might also explain the lack of analytical thinking on his various “investments.”
Also, drinking orange juice is not a great thing. A lot of sugar (fructose, but still sugar), a lot of acid. And there are far better sources of vitamin C. Mostly the notion that a glass of OJ each day is a good thing is a product of the very large OJ industry, with Jamba Juice cheerfully jumping on the bandwagon (and charging extra $$ for other blissninny nonsense like “wheatgrass shots”).
About veganism and Christianity, I’ll keep my mouth shut here.
But Casey should not let any of these “isms” get in the way of business.
–Tim from Monterey Bay Area
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Very marginal success? What the f*ck is that? From where I come, there is just success or failure. And you my dear, are the last one.
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Man, these vegans are a surly lot! Its like “Bloods vs. Crips,” or something. No one else seems to take Casey too seriously, so you folks shouldn’t either.
Do vegans have hand-signals?
And, do they drink mother’s milk (or, more appropriately - feed it to their infants?). Thats a legit question.
Good luck to all in 2007!!!
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Very interesting read Tim.
It concerns me to read that some people think this is no big deal and that Casey will be fine in 7-10 years after everything drops off his credit report. It doesn’t seem fair to me (and I’m sure the other ‘working stiffs’) that Casey gets to nap and drink juice and travel while we work and pay our bills and play by the rules.
I hope whatever it is that happens, that Casey learns his lesson. I don’t think he’s grasped the situation that he is in currently.
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Nice posts from Tim.
I’ve never ever never ever heard of anyone being prosecuted for this type of mortgage fraud criminally and I asked around here in prison.However they got Martha Stewart on similairly ‘everyone does it’ law breaking.
I can’t imagine why he would own 8 vacant homes and not rent them out? His reason given was lame.
He could even now be renting them out, pocketing that cash(not making mortgage payments) and let them go to FC and hed be getting like 16k a month for maybe a year! wow! thats maybe 200k he flushed THAT WAS IN HIS HANDS HE ALREADY OWNS THE FRIGGIN HOMES.
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I cannot believe you are encouraging people to read Kyosaki’s book. That man laughed in your face and called you names. How can you feel that meeting him was a high point for ‘06? You should rue the day you ever discovered him and his stupid books.
Enough with the fluffy topics, Casey. What are you planning to do to solve your financial problems in ‘07? And you still have not answered the simple question of what you plan to do with your time if you are/were able to retire early?
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Thanks Tim for your posts. You clearly have given this site a lot of thought and have valuable experience in organization and communication. Casey of course, will ignore your advice no matter how well outlined. Any kind of constructive action requires that he acknowledge that his situation is deteriorating quickly. He has not shown any ability or willingness to do this. He gets depressed and does nothing or manic about something minor and meaningless. His putting up a ‘for sale’ sign after 3 months being a typical case in point. He’s an alcoholic who won’t stop drinking until the bottle is empty. I suspect that your time projections of his crash are accurate. I don’t think there is a sugar daddy in the background (this is a blessing for CS). I do think he has mental illness issues that will respond to treatment, I still think he should go do Debtors Anonymous. He won’t, until he does. March at the latest is when he hits the ground.
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@Tim from MBA - “The blog will not be too interesting once that happens.”
Actually, I think that’s gonna be the best part - to see how aggressive the various financial institutions are in coming after Casey for their $$$. I can’t wait!
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@ Tim from Monterey
STFU!!! NO ONE wants to read you 10,000 word essays five times a day. You are more annoying than Casey. For Krist’s sake, get a freakin life. This site is a spoof. You must be dumber than a box of bricks. Do you go to sleep at night thinking you have accomplished anything by declaring the OBVIOUS to a phony blog? I mean 5 freakin posts a day?!!!! Why don’t you just move in with Casey, and have his love child. DUDE… talk about OCD. Are you Casey’s long lost uncle or something?
Why not try and limit yourself to ONE post a day….. and less than WAR AND PEACE for God sake. And take your meds.
I hope Sputnik poops in your shoes.
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“I’m finalizing my plans for 2007 and am getting ready to take another stab at my big goal that I made back in 2000 after graduating from high school. The goal is to acquire enough income property and/or businesses to get out of the “rat race”. That means having enough passive income from investments to cover my living expenses and have the option to retire early. Read Rich Dad Poor Dad by to see what I’m talking about.”
Several 100k in debt and growing.
Forclosure(s) history.
Very subprime credit/likely BK.
Blackballed by several banks.
Horrible business reputation.
No stable income.Good freaking luck Casey. Once again you’ve shown how delusional you can be. How do you expect to acquire this businesses and properties? You already have 6 that have become an anchor around your neck.
You have no credit. You won’t be getting anymore for a long time. You have no income to speak of. How are you going to pay for these acquisitions?
“Rich-dad, Poor-dad” is a fictional book and RK is nothing but a fraudulent huckster. When will you learn that all those scam-seminar-gurus have done nothing but lead you astray?
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Casey, I’m in hopes that you’ll use much of the great information that’s been provided to you on this blog. I, myself, have learned a lot from your situation, as well as the advice others have given.
I’m unable to work due to illness (I would KILL to be able to work if I could!), but I do have a fixed disability income (one of the perks from having worked in that ‘horrible rat race’).
I’m at home every day, and just today I made myself some money from going over my expenses and cutting out some of the fat. I let go of caller id/call wtg and call/wtg id. It’s a savings of $102/year. I then called my High Speed company and downgraded to regular High Speed, instead of the primo high speed. That was another $10/mo. - $120/yr.
Then, I looked at my Visa card rewards, and redeemed my points for a Cash Rebate of $200.
I’m not even ABLE To work, and I just made/saved myself $422 in one day!
If there’s a will, there’s a way, but you have to WORK IT!
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Yo, bubble sitter…
I have weight trained for years, including many years when I was vegetarian and the 18 months I was vegan. Whaddaya think soy is? It’s easy to get protein and be vegan. You probably don’t see many vegan body builders because most are a bit crunchy granola for all that … but I can leg press 615 lbs - and I’m a GIRL!
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Casey,
What the heck is going on with the Utah house?
What the heck do you do all day?
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When you have to actually include “take a hot/cold shower every day” in your yearly goals, you’re probably not ready to play in the big, grown-up world of business.
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IT’S HOMEY TIME!!!
YO YO YO CASEY!!!
I called Chris . Had a niiicceee looongg talk wit dat boy. He ain’t happy wit you at all,fo sho. He done told Homey he ain’t gonna “pay” you no mo money. He ain’t happy dat you gots him in trouble wit da man, fo sho. Chris be ready to turn your punk azz in, fo sho.
Wacha gonna do now to keep dat fine young G by yo side, playa? She don’t look like she gonna wait fo you whilez you be in da slammer. She be too fine an all dat.
Wait till you, yo daddy and yo friends like Chris gots to file taxes fo 2006. Lordy, Lordy, ain’t the man gonna have fun wit youz! I hear dem 1099’s a comin!!
Hey, chuckles, why not tells da peeps about Res-com? Jose be singin like a bird you know dat fo sho. When you gonna tell da peeps about that BIG loan you gots last year dat you ain’t told nobobdies bout. C’mon, you can do it. I knows who it from. You can’t protect him for ever. DA ( ha dat funny) man knowz too. Bank statements and all dat stuff. Oh, when you gonna tell da peeps about the whole scam part bout you pimpin up dem prices of dem houses, gettin all dat $$$ back at closin, then knowin you was gonna default on dem loans? Dat is shut you down on dis blog in September, cuz you got scared when dem lenders started askin you questions and you panicked, right? FO SHO.
Member when you wanted to make a deal wit Homey? BWAHAHA . I want to watch you goes to da big house wit my cuzzin Leroy in cell block 2 north. G may be dointime fo sho wich you. Yo blog done dropped da dime on her. She pretty but not to smart. Why did you do dat to her? Dat be hardcore man.
It ain’t to late to swear under penalty of perjury that everythin you have put on here is trooful . HA!!! Like you gonna do dat. You dumb, but you ain’t stupid. Jes like yo hole family of loosers. You ain’t da only one in dis here scam, FO SHO.
Did the FBI call you yet?
Love,
Homey
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I honestly think all of this good advice goes to waste on Casey. Maybe the Mrs. should start her own blog and we can try to help her instead. Obviously she needs some help. And if she can’t be helped, she’s more screwed up than Casey.
What’s Casey done for her?
Made her look like a fool.
Ruined her credit for a long time.
Failed to provide a home for her, instead buying 8 homes that ruined their lives and has her staying in a room at the in-laws.
Has her driving around in some ghetto-hoopty car.
Handed her a future with many struggles and chaos.
Lied to her and portayed himself as a bigshot with money when the truth was it was all borrowed.
Lied to her and broke several promises.No sane woman would stay married to a guy like this. The fact that Casey is more than willing to drag her down with him should say it all. A decent man would have excused himself from the marriage months ago just to protect her. Casey has shown more than once he has no qualms over damaging her if he thinks it’ll help him with his deluded fantasies.
I’m sure there are a few attorneys, CPAs, FAs, etc, etc that would be willing to help her repair the damage Casey has brought into her life.
Woud anyone here give a damn what Casey is doing if the Mrs. had her own blog? I doubt it. Watching Casey make mistake after mistake in pursuit of his delusional fantasies of being an “investor” has become boring. It’s not even comical anymore.
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Casey, what’s the status of the pile of mail that’s been awaiting you the past few weeks?
Most of those houses are just weeks away from being taken out of your hands for good.
Taxes - have you given this any thought at all? You’re going to have a huge mess and a even larger tax bill.
I would think many of your tradelines would be at the 150 chargeoff point. When’s the last time you checked? With amounts of debt like you have, lawsuits are right around the corner.
What’s up with the Utah wrap? Did you do anything with that these past 3 weeks or just let the buyer flap in the wind? Who in their right mind would do biz with you after seeing several examples of how you screw anyone you’re involved with?
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Come on guys, give him a break.
That “In & Out Burger” comment was absolutely priceless. A true Casey Classic.
And it’s sure to juice up his hit rate. I’ll bet his dietary comments are hyperlinked from every Vegan-Nazi web site on the planet.
Alas, I fear we are going to loose our hero soon. I don’t know what it costs to operate a web site like this, but old Casey’s broke and is surely about to take the third strike.
Each morning I sign on for my Casey-fix, hoping I won’t get the dreaded message:
“This page cannot be displayed”
Sadly its going to happen soon.
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Dear soap on a rope,
You said, “This site is a spoof. You must be dumber than a box of bricks. Do you go to sleep at night thinking you have accomplished anything by declaring the OBVIOUS to a phony blog?”
Did you do any research before you came to that conclusion? Did you check property records of the addresses given for these homes? Did you use any other investigative tools to check Casey and his story out?
No, you didn’t obviously. You’re an idiot. I mean really, what’s dumber than something thiking this story is real(it is), or someone claiming it’s fake when it’s actually true?
Next time do your homework before you spout off nonsense.
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I find it interesting that your goal to become independantly wealthy falls somewhere between drinking juice and taking showers.
Which of your 2006 goals were most important to you?
Did you list them in order of importance?
Do you think you overextended your expectations and perhaps it may have been overly ambitious to drink juice everyday AND produce a perpetual revenue stream that would allow you a life of leisure for the next several decades?
Do you even possess the ability to prioritze?
Don’t sell yourself short, dude. You have done far more than you ever even imagined you could this year. Have you forgotten you peripheral accomplishments:
1. Commit fraud in several states (Highly successful)
2. Open mail (marginally successful)
3. Pay my bills (dismally successful)
4. Spend enough at Jamba Juice enough to have had a glass of juice a day (very successful)
5. Get banned from adsense for click fraud (done it)
6. Take at least 5 unneeded airline flights (been there)
7. Blog past midnight (got it)
8. Hug a guru ( hell yeah)
9. Get interviewed by a felon ( no prob)
10. Purchase a good used car ( well…)
11. Change hairstyle ( thanks, are you sure the highlights aren’t too much?)
12. Buy, ignore and fail to pay for enough real estate to ensure a negative cash flow well in excess of $3k for the forseeable future ( I am the man)’07’s gonna be sweet
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You know, the fact that you are now reading hundreds of comments and writing defenses to what is and is not vegan/organic/healthy/ethical is getting a very silly. What did you do today to fix your real problems? Pretty soon you aren’t going to have a choice as to what is vegan/organic/healthy/ethical because you don’t get that choice in jail/shelter. One or the other is approaching soon if you don’t fix your real problems.
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Ahhh Casey,
Why do you respond to the “haters” and try to justify your actions? Don’t you realize that nothing you do will go uncriticized?
They’ve mocked your religion, your family, your houses, your car, your clothes, your hair, Jamba Juice, Macaroni Grill, the books you own…
Someone even mocked your wife’s shoes from Christmas. You don’t need to justify your diet. I don’t think there’s a thing you could post that wouldn’t be mocked by someone.
Nigel
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Casey,
We don’t need a re-hash of how vegan or not vegan you are. We would like you to figure out how to solve the problems that face you currently, and maybe even employ some of the advice that people give you.
As for your Bible reading…from the perspective of a fellow Christian, I commend you for trying to read the Bible and memorize verses as a course of habit. Unfortunately, though, your works are speaking a lot louder than your words right now. I’m not coming from a position of superiority; we all sin and fall short of the glory of God. But do you honestly believe that anyone is being led to Christ by reading about what you’ve done? I would suggest that more likely, if they knew nothing about Him before they read this blog, they are turned the other way.
Maybe you should make “asking myself what kind of witness will I have if I do this” should be your number one goal for 2007. Everything else might just fall into place after that.
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For the love of Christ could you be ANY more touchy feely new-age ? ? ? ? LOOSELY VEGAN ?!?!??!? How about just cutting through all the crap and saying “watching my diet and taking care of myself”? Oh yeah, because you are a little attention whore who wants to fit in whatever little clique you can. And although diet IS important to gaining muscle, you also have to get in the gym and put your hours of hard work in to get results. There’s that word again, WORK. Guess you won’t be seeing that ten pounds anytime soon huh?
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I can’t say I’m surprised by why in the world are you spending time talking about diet when you have a huge massive mess on your hands.
This kind of diversion and avoidance is why your situation has not improved at all over the past 3 months.
Why do you post something about all that mail of yours that’s piled up while you took time off for “college” and the holidays?
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Dude, you are seriously messed up. Concentrating on the minutae of “loosely-vegan” diets and worrying about whether In&Out freezes their meat or not is completely irrelevant in relation to the monster problems you have ni the financial and real estate world.
Still, I have to ask: Have you perhaps found some quack website that shows that freezing meat is as toxic as microwaving it? Jeez, give up the food fads and paranoia! You have bigger problems.
You don’t need “energy”. You need self-discipline, planning, and determination. Sadly, you can’t buy those with your soon-to-be-dead credit cards.
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Hah.
“Hold to a loosely vegan diet - primarily plants, no dairy. Exceptions: fish and occasional organic eggs/meat/honey”.
Why don’t you just say that you don’t eat red meat or dairy… except when you do…
Vegan people (rightly so) are proud of their choice not to kill defenseless animals. To have someone come along and publicly state that they are vegan, but they eat meat, eggs, honey, hamburger, and organic meat…. is an insulting mockery of their way of life!
If you are writing to an audience of thousands, it is best not to offend hundreds.
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Soap: Don’t be such a Negative Nancy. Tim’s posts are where the real educational value on this blog come from.
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Gee - what a nice long post about food!
That’ll fix your financial problems!
Glad you’re focusing on the important things and the big picture!
What are your opinions on natural (cotton, wool) fabric vs. synthetic? That would create fascinating discourse for a day or two - and let us all avoid thinking about messy financial reality.
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So, you’ve got time to write a lengthy post about food, but wont answer our question about:
WHAT’S HAPPENING WITH THE UTAH PROPERTY????
?????????????????????????????????????????????????
(you’re playing us)
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Hey, when did this become the Tim from Monterey Bay blog??? Now he even has his own haters. (And, with his latest lengthy discourse on microwave technology being the last straw, you can count me among them.) Casey, you’ve officially lost control. The comment conversation is no longer about “are you ‘for’ or ‘against’ Casey?” — it’s about “are you ‘for’ or ‘against’ Tim from Monterey Bay?” Too funny. But also way too boring.
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[Shakes head in disbelief.]
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@Casey: “Hold to a loosely vegan diet - primarily plants, no dairy. Exceptions: fish and occasional organic eggs/meat/honey”.
Casey, you nimrod, THERE’S NO SUCH THING AS A LOOSELY VEGAN DIET. As someone else pointed out, that’s basically the same as being “sort of celibate” - not only is it a contradiction in terms, it’s an insult to people who actually are those things.
It’s the word that people are taking issue with. What’s wrong with simply saying, “Trying to improve my diet”? Or “cut out non-seafood meat and dairy”? Why wrap yourself up in the vegan cloak if you’re not really a vegan?
I like to tell people that I was a vegetarian since long before it because a political issue (and the word “vegan” became popular). But eventually I started wanting three-cheese pizza again, and missed good Italian and Mexican food, and beans only take a guy so far.. to this day I still don’t eat meat other than fish and fowl, but I don’t go around calling myself either a vegetarian or vegan because I’m neither one anymore. I’m just a picky eater. I don’t need to create a friggin’ personal identity around my feeding preferences.
Casey, some advice on your 2007 resolutions. Seriously, I mean this in all kind sincerity. Start with your emotional need to identify with things, causes, people, and lifestyles - at the core of everything you’ve done and are trying to do is a young man desperately trying to define himself in his own eyes and those of others. That need drives you to do stupid, self-destructive things, and it doesn’t give anything back - and it won’t do so in 2007, either. Let it go and be your own man.
You’re not vegan. You’re not “loosely vegan”. You’re a guy who eats what he decides to eat, for his own reasons, and who doesn’t feel compelled to explain anything to anybody about it. Start there. You’ll end this year far happier - and wiser - than you’re starting it.
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Casey,
Why don’t you have just one goal that you can work towards achieving 110%. For example, my one 2006 goal was: earn $50,000 by investing in stocks or real estate. I ended up being able to do it with real estate.
Now my goal for 2007 is: double my cash flow from $1000 / mo to $2000 per month.
If you were to have just one goal, you will have one solitary drive and no guru distractions to take you off path. I think having one goal will vastly improve your chances for success.
Perhaps you should make 2007’s goal to be: declare bankruptcy (if possible) and obtain the highest paying job possible while unloading the properties.
We have 12 rental properties, but we never advocate quitting your day job! First of all, you NEED your day job to buy properties! The ONLY time we can say that quitting your day job might be feasible is when you have 1) cash reserves and 2) steady passive income that can cover all your living expenses plus some.
Make it easier on yourself: have one singular goal and work diligently everyday to accomplish that one goal.
Good luck,
Phillip
My real estate and landlording blog -
I get a feeling you’ve spent more effort on researching the difference between the ‘good’ and the ‘bad’ fats than you did on crunching the numbers for all of your Sweet Deals COMBINED.
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Casey:
You need to look at the big picture. You talk about your need for a monthly net income of $3,000 to meet your living expenses. I don’t think You ever factored in the non-taxable benefits you enjoyed when you worked at Pride.
Your former employer offered a great benefit package – while this was not included as part of your salary, your employer did pay for it and it had value – a dollar amount that you will need to pay for out of your own pocket. It is estimated an employee’s benefit package value adds anywhere from 10% to 30% to the overall compensation received by the employee.
The following is a list of the “basics” your former employer provided:
Medical insurance ($350 p/mo for you and wife)
Dental insurance ($50 – 100 p/mo for you/wife)
Vision insurance ($4 p/mo for you/wife)
Life insurance ($15 p/mo for you/wife)
Long and short term disability ($50 p/mo for you)
Flex spending accounts (pre-tax savings!!!)
401k (pre-tax savings!!!!)
Employee assistance program (priceless – you could be utilizing them now)
Tuition reimbursement (won’t pay for RE courses, but would pay for your degree)
Onsite career development training (would assist you in understanding balance sheets)The added cost to you and your wife by not having these benefits and paying for them yourselves add approximately $550 to $650 to your monthly budget. Or, figure anywhere from $6,000 – to $8,000 p/year.
You could go the “risky” route and live without – but should you or your wife suffer from a catastrophic accident or illness, utilization of these benefits would make up much of the costs. To not have these and suffer a major illness or injury could cost anywhere from $10,000 to over $1,000,000. (anyone can be diagnosed at anytime with cancer… )
In addition to those benefits listed above, your former employer also provided some added benefits that also would have been of great value to you and your wife, including:
Mortgage and home equity loans (You could have gotten great use of this)
Long term care insurance (you’re a little young to be thinking of this)
Legal services (a big help in your current situation)
Moving services (helpful for moving into/out of one of your properties)That’s what I call a SWEET DEAL…..
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Uhhh, Tim from Monterey,
No distrspect, your posts are excellent, but two points are worth noting:
1. Casey is not listening (but I am, good points)
2. The fast touch typing has gotten out of hand.
I did not have time to write you a short letter, so I wrote you a long one instead. (attributed to Johnson and Pascal)
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“Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income. Progress: $0/mo (0% success)”
Why didn’t you fix and rent the places you currently have? Why didn’t you start small with one property, located close to you? Why don’t you try renting out the places you have now*?
Bizarre.
BTW credible estimates have placed your cash expenditures, from credit card debt and cash back from loans at $250,000. $3,000 a month doesn’t come even close to this. Were you planning on retiring $36,000 a year, or was this to supplement your sweet deals?
I think one of the unnoticed issues with the housing bubble and Casey’s story in particular is that the loan process is too anonymous. If Casey(and others similar to him, they’ve got to be out there) had to go and sit in front of a loan officer, rather than applying over the Internet, they would think more closely about what they were doing. Lying in person versus lying on a web form are two different things. The loan officer could hopefully use his or her discretion as well.
@Tim from MB : “You need to SEPARATE your PERSONAL goals from your BUSINESS goals.”
Casey can’t. He’s completely wrapped in the “attracting success”, “God will provide”, “fail forward” mindset. It’s one in the same to him. If he thinks enough happy thoughts, the sweet deal will materialize. Motivation replaces education and process. Slogans replace critical thinking.
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I’m sensing you think vegan and organic are the same thing. They are not.
And free range chickens can be labeled as that if you open their cages 5 minutes per day, even if the chickens never go out. But that’s another fad you’ve fallen into. -
@Robert Cote: “You know your fsoj ratio to the percentage point and yet you don’t know your debt to the nearest quarter million.”
The scary thing is some of the posters have a better idea of Casey’s debt, and the foreclosure status on his properties, than he does.
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IT’S HOMEY TIME!
YO YO YO CASEY,
Why you keep deletin da brother man’s posts?
Maybe cuz you jes a chicken sh!t lil weasel dat don’t like peeps tellin da troof? youz can’t handle it when you gets called out can you?I knowz da troof about you fool. So do tha man. Enjoy your lil but o fun. while it lasts. Da MAN knows about all of your scammin. It’s too late to cover your azz.
Chris ain’t happy wit you babyface. G ain’t happy I hears too.
Keep deletin my posts, It don’t matter.
Cuz Homey sez so.
Did da FBI call you yet?
Love,
Homey
PS.. Wash your car, it be dirty.
PSS . Sputnik dunn pooped in yo shoozes agin. Love dat cat..
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Cancelled debt is ordinarily considered taxable income - but not if the debtor is insolvent at the time of the discharge. See 26 USC 108.
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Ethical Realtor in DC - Send pictures!
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I find it appalling that the lengthy and useful epistles written by Tim from Monterrey Bay and others were unacknowledged publicly by you. A polite thanks but no thanks might be warranted. You chose to focus instead on the posters who wish to dispute your self proclaimed vegan status and your choice to patronize In and Out Burgers. I fail to see how taking time like that to comment on your dietary preferences assists you in resolving your apparently real and genuinely dire financial and legal straits. Grow up.
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“I just don’t want to put crap in my body and I want more energy. Going organic vegan is the best way.”
I heard that cheese was really bad for you. You may want to cut that out of your fiet.
Also, honey vinaigrette has been shown to cause cancer in lab rats. So, I would avoid that as well.
And if you get a drink in a plasic cup, the plastic gets in your drink and could cause stomach cancer.
Tim “from Monteray” is wrong about how Microwaves work. They work just like the sun by radiating food. If you leave a Microwave door open while it is cooking, you WILL get cancer. It may take years but you will get it.
When you cook in a Microwave, some of that radiation gets in the food and it is “a little bit” radioactive. But it is within safe levels and that is why they allow it.
You can always make money but you can’t skim on your health. Running and eating Vegan (or near vegan as you are doing) and watching for any bad chemicals is more important than all the money you could make.
Don’t skimp on the important stuff. Jamba Juice is good for you and In-And-Out.. if you must eat a burger is “healthy” meat. I commend you on your nutritional prowess.
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WTF does freezing meat have to do with the healthiness of it? Nada. You are just living out some (for you, needlessly expensive) fads. Don’t think you are doing yourself any favors by wasting money on fast food because you’re “supporting the industry.”
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Sweet Casey,
Learn your lesson. You dont have the investor gene in you. You still want to pursue this after what you been through? All those seminars, they are scams. They already gotten rich of you. Please be sensible. -
Tim-
The joke is now on you… Did Casey give you a PhD from his new university (SHIT U) based on your dissertations??
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“I have weight trained for years, including many years when I was vegetarian and the 18 months I was vegan. Whaddaya think soy is? It’s easy to get protein and be vegan. You probably don’t see many vegan body builders because most are a bit crunchy granola for all that … but I can leg press 615 lbs - and I’m a GIRL!”
And if you actually KNEW anything about bodybuilding, you would already be familiar with the fact that WHEY protein is far superior to SOY protein. Especially for MEN. Several studies have indicated that male bodybuilders on vegan style diets consuming mostly soy protein have a pronounced increase in the female hormone estrogen. And here are some nice additional pointers:
* Whey protein is a nutritionally complete protein. It contains bioactive ingredients, like immunoglobulins and lactoferrin, that help support the immune system.
* Athletes prefer whey protein to soy protein due to its rich abundance of branched chain amino acids and its quick absorption rate. These are important to help repair and rebuild muscles after a workout or competitive event.
* Whey protein has a fresh, neutral taste compared and will not change the taste of foods you add it to.
* Whey protein does not contain isoflavones or any other components with potential hormonal effects.So please, with all due respect, do some research before giving Casey more bad advice. He’s already been kyosakied into oblivion and is already too much of a pussy when it comes to being accountable for his actions. The LAST thing he needs is more estrogen.
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From Casey’s last employer- PRIDE
“PRIDE Industries, the nation’s largest employer of people with disabilities, provides a variety of outsourcing solutions to meet the manufacturing and service needs of companies nationwide. We employ more than 3,100 individuals across 7 states, including more than 2,500 people with disabilities.”
SO Casey, what is YOUR disability? ADHD?
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Casey –
This is a little “virtual reality” exercise….
Imagine it is the future – the year 2022 – you are 40 years old. You’ve become a very successful real estate investor – you now own over 300 residential rental properties (about 30 rental houses plus eight apartment complexes). You also own a few commercial buildings and one small retail complex.
To have such a large portfolio, you need to have employees to keep things running smoothly. So, you have a eight onsite property managers (at the apartment complexes) two commercial/retail property managers, plus three bookkeepers. All of these individuals are paid employees.
In 2021 you prepared a performance review for each of your employees, part of the review process included outlining each employees job description, responsibilities and goals for the coming year.
It is now time to review each of the staff – part of the review is to evaluate performance while also considering salary adjustments (i.e., raises, yearly bonus, profit sharing, etc.)
The bookkeepers have all done great work. Your property managers, however are a different story:
One residential property manager received an excellent score on their review – having accomplished 96% of their goals with excellent attention to detail.
Six of your residential property managers have received great scores, having accomplished 86& of their goals with good attention to detail.
One property manager, you’ve come to discover, has done a poor job. This individual’s apartment complex is only at 78% occupancy. (For reference, all other properties are at 95% occupancy for the year). This manager has also exceeded their annual maintenance budget by 63% - the budget was $100,000 for the property, they spent $163,000. In addition, this individual did a horrible job overseeing the renovation of three units, resulting on construction cost overruns and a delay of having the units available for rent five months beyond the project schedule, resulting in an overall rental income loss of $22,500. All things considered, this individual has cost you excess of $300,000 due to cost overruns and low occupancy.
One of your commercial property managers has done outstanding work and has maintained 92% occupancy of the buildings throughout the year. All of the tenants praise this individual for their responsiveness to all inquiries. In addition, this individual is creative and has done some “bird dogging” for you in researching additional properties you could add to the portfolio. He’s adding to your portfolio and finding ways to make your business run more efficiently and profitably.
The second commercial property manager is, in the words of Donald Trump, “a walking disaster.” This individual’s properties are at 50% occupancy (in the previous year’s review, the occupancy goal was to have these properties tenant occupancy increase from 57% to 82% - so s/he has actually experienced a decline in occupancy which has cost you in excess of $50,000 per month in lost rent income).
In addition, and you can’t go for a week without getting a complaint call from a tenant regarding this individual’s lack of attention to detail. All landscape, maintenance and janitorial work is outsourced. You were recently informed by one of your excellent bookkeepers that this individual has not approved or turned-in invoices for these outsourced providers for the past three months. These missing invoices account for business expenses totaling over $15,000. Finally, some of the expense reports for this individual are sketchy without the proper receipts or back-up. The individual is a big talker, always putting a “spin” on things, telling you not to worry. When you have talked with this individual s/he has blamed others for the shortfall.
As an employer, how would you rate the poor performing property managers? Would you continue to employ them? Their low occupancy rates and cost over runs have resulted in a loss of over $1,000,000 in projected revenue for your business.
Think carefully. Think about performance. Think about REVENUE and BUSINESS COSTS.
Now, think about your goals for 2006. Compare your goals to actual performance. Think about your REVENUE generating effort against REVENUE REALIZED. Think about the REVENUE LOSS and the effort necessary to payoff the loss.
For you to become the successful business owner you need to start practicing and developing skills that will achieve 100% performance results in all facets of your life. 52% of goal to actual performance is not acceptable nor considered a “success.” If you coached a professional sports team you’d be looking for a new job.
I for one look forward to seeing your New Year’s goals for 2007. But, more importantly, I am interested in the ACTION you will take to achieve 100% success. Geez, even 75% success would be great.
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I am nearing completion of my final year at the ole’ SHIT U, and boy I can’t wait to get out there to make some sweet deals. I only owe 55,000 more for the last semester and I can’t wait til they let me lose on the RE market. There was some mention of a trip to Phoenix for an exclusive training, only 20,000 for the week. (Maybe we can put that on my wife’s credit card…)
I had to chuckle to myself thinking about those rat racing 9-5ers while I sat around bird-dogging the MLS at the wifi hotspot at the student cafe (…actually it is the patio of the adjoined Jamba Juice/Macaroni Grille).
I have lost tons of weight carrying all the excellent training materials. I have 4 signed copies of Rich Dad Poor Dad, a lifetime supply of Tony Robbins’ Get the Edge worksheets and a complete print out of all Tim from MB’s comments. (Boy are they lengthy, at some point I will read them, I have been asked to summarize these for review by Prof. Serin.)
Ah darn, I am only half finished my In and Out Double Double (extra beef) and I am running late for my Advanced Vegan class… oh well catch you guys later….
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Ca$ey
Stop moderating my posts…………….I have given you SWEET advice !
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Casey - you have time to read and moderate posts, and to pontificate about food.
What about :
- mail
- spreadsheet
- Larchmont short sale
- Utah wrap
….etc, etc, etc
Why don’t you provide status on your real issues?
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Joe,
Is Casey being mean to Timmy? -
Your wife gets mad at you for “working” too much ? Really ? I bet she’s REALLY pissed that after “working” too much in 2006, you are 200K + in the hole……………
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“When you cook in a Microwave, some of that radiation gets in the food and it is “a little bit” radioactive. But it is within safe levels and that is why they allow it.”
For the love of Christ folks, what has happened to our education system?!
Ok. Nuclear physics 101 for everyone:
There are three forms of “harmful” radiation in the traditional sense; i.e. things that are “radioactive”
1. Alpha particles
2. Beta particles
3. Gamma rays“Microwaves” are NONE of the above! The reason the above forms of radiation are harmful is due to their high energy nature and ability to pass through living tissue, causing extensive cellular damage. Microwaves do NOT pass through living tissues. They are absorbed in the outer layers of food in a manner somewhat similar to heat from other methods. Problem is, some old wives tail that has perpetuated for years is that people assume microwaves cook food from the inside out. That is incorrect.
Can microwaves give you cancer? Of course. ANY electromagnetic wave of sufficient energy to affect nearby cellular tissue can disrupt the cells and cause damage to the mitosis process. But for humans, due to our high water content, the worst case scenario is that you could develop skin cancer. But folks, a whole day in front of a microwave is no where near as harmful as a day at the beach without sunscreen.
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You have some grossly misguided and cartoonish standards for your self-bestowed titles, perpetually showing how uninformed and clueless you are. Throwing around words like “vegan”, “programmer”, “investor” and “entrepreneur” to describe yourself is just nauseating. By your standards you should also be considered:
- a physician (at some point in your life you put a band-aid on a nail prick or a cut, or prescribed a tylenol for yourself or someone else)
- an electrician (you once swapped out a burnt out light bulb)
- a vocal artist (you occasionaly sing in the shower)
- a standup comic (you’ve drawn a few chuckles from a crowd or two)
Also by your standards, virtually all humans are vegans who may also eat other things.
Give up the delusions and cross over to the real world. Get some education (the real kind). You haven’t earned any of the things you constantly claim to be or to have been, and by doing so, you insult those who legitimately carry those titles. This is part of the reason you manage to piss off so many people.
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Casey,
Don’t pull the plug on this blog. It’s part train wreck, part comedy. I laugh at most every post you write, and Tim is priceless. It’s the Casey show. I can’t help but look when I log in my computer.I think it’s time for you to attend another Guru seminar. Your posts are good, but nothing like when you return from a big drink of Guru Kool-aid. It’s time to take your Guru medicine. Go gulp it down and come back bloggin.
Have you heard about the latest Guru technique? It’s call the double back, buy back, around the horn flip and make a million bucks. I hear you can’t go wrong with this one. -
Casey -
At an estimated cost of $3.50 for your “freshly squeezed orange juice” from Jamba resulted in a 2006 total incurred expense of $665.
Some interesting facts - it takes three to four oranges to make one cup of “fresh sqeezed” orange juice. The “fresh sqeezed” orange juice has 3 times the sugar and calories than just eating the orange.
A fresh orange from your local supermarket would cost you, at most, 50 cents. If you were to have eaten a fresh orange (at a cost of 50 cents) you would have saved $570 in 2006. If you had taken that $570 savings and put it into a ROTH IRA and just let the money sit, earning a conservative 6% rate of return per year, it would have grown into over $5,800 by the time you were 65 years old.
Now, if you were to make a commitment to not have a Jamba Juice for the next 40 years and contribute the same $570 savings, by the time you were 65 years old, your IRA would have grown to over $94,000! Now, if your wife were to do the same, the two of you would jointly have over $184,000 by the age of 65.
Remember, your investment portfolio should not be based upon real estate earnings alone - cash savings along with a variety of stocks and bonds is also recommended. Those “live for the moment” convenience drinks are costing you and your wife serious money.
I think someone called type of calculation a “latte factor.”
If you ask me, I call it very expensive p*ss.
Eat an orange and drink (tap) water.
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To Tim From MBA,
I feel the need to complement you on your well thought out posts and what seems to me to be very good advice. It’s just a damned shame that Casey will, in most likelihood, ignore it.
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“Again with the passive income dream. *rolls eyes* C’mon”
The only reason it’s a “dream” now is because everyone jumped on board and sunk the ship. (Sound effect from “Mad Money” All aboard! scream. Crash.)
It is almost impossible to make passive rental income to cover your mortgage payments much less “passive income” when rents are at an all time low and real estate is at an all time high. So right now it is a “dream” – Yes. But before everyone got on board and ruined it - it was achievable and real. People had been using Real Estate as a passive income vehicle for years.
Now Real Estate Party is over. Everyone was given easy access to “free money” and since most people lack financial education and discipline – this is what happens. Look as cash call. Free money for a good credit score at a 40% interest rate and people are lining up
As this nightmare continues to unfold over the next several years you are going to see it expunge itself on the upcoming recession. When the ARM’s and Interest only’s come due the prices will continue to drop.
There is only one thing that can save it. Only one thing: Government intervention in the form of MASSIVE INFLATION. That’s right. Printing Money. ON A SCALE NEVER BEFORE SEEN IN HISTORY. And if this ever happens their would be a dollar crises. One that would exceed the Brazilian Real, Peso or any other seen in the past.
I predict a 35% national drop (average) from the peak in 2005 to the end of 2012. The Real Estate Party is over. The nest boom market will probably be in hard metals and commodities.
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So you didn’t actually do any work today either. So far we’ve had
Trip to Phoenix
Recover from Trip to Phoenix/Hide
Christmas (like a week of it)
New Year’s
Wife’s Birthdayand virtually no work. (and no, despite your wife’s opinion, your blog doesn’t count. ‘Work’ is something where you get paid because of it, or that sells one of your houses)
Anything else we should be aware of? Buddhist observances? Scratches from the cat that will require a week of bed rest?
You may be exerting effort, but you aren’t accomplishing anything. Get income (not more debt, like with that corporate credit nonsense), get rid of your houses.
Those two things should be occupying every iota of your time. Your wife is the only person you should spend any time with unless they’re helping you gain income or lose houses.
However, the selfish bastard in me will urge you to keep your blog going just for my entertainment, and that of your other readers. But you’d be wise not to engage your audience in discussion; post what’s happened in your day and leave it at that. We are like the viewers in the Coliseum, watching our gladiator with macabre, eager faces. We don’t cheer when he emerges victorious, we cheer when he’s eviscerated by bears.
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Lol, yeah…someone facing foreclosure would run to this website so they can read about your jamba juice, macaroni grill, taking showers and you being a vegan. Tell me exactly besides more illegal activities or borrowing even more money how you plan to get out of foreclosure..oh wait I forgot..you finally put up a piece of crap sign in front of your properties while leaving the yard looking like trash. Can you really be this delusional that you think that your blog in any shape or form helps people facing foreclosure? Of course you can…because in your world..you are honest, a successful entrepreneur, rich beyond your wildest dreams, drive a maserati, and are playing in the big leagues with the like of Trump and Rich Dad…
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Jeez (no pun or disrespect intended), you’ve spent most of the past 2-3 weeks telling us how you can’t comment or do anything because it’s Christmas, or because how your wife wants you to stop blogging, or because of something related to family and the holidays.
Jeez, man, the world doesn’t stop because of some date the 11th century Papists decided would honor those they had conquered in the 3rd century was some kind of holiday. Do you think Wells Fargo’s or Countrywide’s computers and automated foreclosure notice generators are taking a 3-week holiday break?
(As near as I can tell, financial institutions take a 2-day break preceeding the Xtian holiday, but otherwise are “business as usual.”)
And considering how you took off most of December, either pursuing “more education” in Phoenix or spinning your wheels, if you are not ready to be up and running by today, in the middle of the new week, then it explains a lot about why and how you loafed through most of 2006.
Wake up, man! It’s the new year. This is no longer Xmas vacation. Your wife will be mighty sorry you loafed off when she’s working at a minwage job the next 9 years just to pay off your bankruptcy debts.
Are you man or p*ssyman?
–Tim from Monterey, who usually got Xmas Day off, but who worked most other days of the December holidays, unless part of his annual 10 days of vacation were taken…quite a bit different from the 9 weeks of vacation in France and their 35-hour workweek
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What people do not understand is that the easy lending standards and RE bubble here has apparently occurred in several other countries and it is on an international level. On par with the United States.
I was just talking to a women from Cork, Ireland. In Ireland decent houses are now over a million Euros. I could not belive it! She was seroius. She said the banks will give anyone money. You just state your income and they quote “throw the money at you”.
In Italy, France, Germany, in almost all western nations this is happening. I was even talking to this Russian guy at the local coffee spot last week (not Starbucks) and he said that Soviet style flats in Moscow Russia - are now going for upwards of $700,000 USD (Yes - USD). Now what is the median income in the Moscow area?
This makes NO sense whatsoever.
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You guys are on the side lines watching me fight the fires. It’s not as easy as you think and implementing different strategies takes time. You guys want instant results.
Au contraire. Every post you make costs me money. Every moment you delay in curing your deficiencies costs me money. Every day of education, every minute of sipping the sweeet nectar of the Jamba gods, every episode of “Lost” in HD, every sleep in morning all cost me money.
I understand your perspective. Summarized: “It’s hard to remember that your goal was to drain the swamp when you are knee deep in aligators.” Tough. You are neck deep in aligators that if they don’t get you will go after me. Do the right thing. My children need me to provide for them, your continuing to behave this way makes that near impossible. Increasingly your “fight to the last” is involving the innocents. How do you live with that?
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@Robert
> “Tim “from Monteray” is wrong about how Microwaves work. They work just like the sun by radiating food.”
Wrong! Tim’s description is quite correct. Microwave energy transmitted by a microwave oven’s magnetron excites water molecules, causing high energy vibration and thus converting electromagnetic energy to heat. The wavelength of the generated waves are specifically tuned to cause resonance in water molecules. This principle is *very* different from heating an object using a heat radiating source like the sun, which will simply irradiate the surface of the heated object.
> “When you cook in a Microwave, some of that radiation gets in the food and it is “a little bit” radioactive. But it is within safe levels and that is why they allow it.”
Wrong again. You are confusing electromagnetic radiation with nuclear radiation, two very different phenomena, the latter of which involves nuclear reactions, typically nowhere to be found in a kitchen, otherwise you have much more serious problems.
No level of irradiation of food (or any other object) with microwaves will result in nuclear reactions (wavelength too long for one thing). This public misconception has led to the use of terms like “nuking” food in the microwave. The only residual effect of microwave irradiation of food is heat. That result (higher heat content) is no different from that from any other heat source. The only difference is how the resulting heat is distributed in food. That’s why some foods cooked in a microwave oven taste different from being cooked in a conventional oven, both of which are yet different from cooking on an open flame, etc.
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Casey,
When you get some spare change watch “In Pursuit of Happyness”.
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As a (self-appointed) member of the SHIT U. Board of Trustees I move that the “S” in SHIT stand for “Sweet”.
-Bob
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I love this stuff. I know you’re a basic guys Casey. You screwed up big time and it’s never going to leave you. But I think your mind is and interesting neighborhood. I’m not sure I’d want to walk in it alone, but it sure is interesting.
I know you’ve going to suffer much more than you have already. I’m sort of sorry about that. I do believe that you’ve been led down the path of destruction without fully understanding what you were about to embark upon. It’s really sad. You’ll pay dearly and hopefully you’ll come out stronger, wiser and humble. We’ll see.
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The truth of the matter is if casey had purchased the houses 3 years ago instead of last year, he would be a millionaire right now. No one can argue that fact.
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Casey, are you going to turn your self in to the FBI for the FRAUD you committed?
Jerome recommended that you do it. The longer you wait, the more it costs us honest tax payers money.
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This blog is getting out of hand. Please stick to the subject of Real Estate Investment in either what to do and not to do and go from there and peace to all.
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This is getting seriously boring.
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This has, by far and away, been the most entertaining comment string to date. Some of these are just laugh-out-loud hysterical.
The entertainment value of the bellwethers here has been running red hot for some, while others have been slacking off. The current standings are;
1. Tim from MBA: Generally respected and given much leeway by the cynical crowd here, but unfortunately took a big hit today by overposting, overadvising, and making a critical error of admitting he has too much free time on his hands, and has nothing better to do than send earnest advice into the cosmic void that is Casey Serin’s blog. Stay at arm’s length Mr. Tim, and remember; brevity is the soul of wisdom.
2. Sputnik The Cat
Generally annoying but otherwise harmless poster, actually moves up a notch for being funny today, but squanders it by getting in bed with Homey, thereby moving back down a notch. Net move in the rankings: zero.3. Homey Da Clown
Moves from annoying into creepy, with his ghettolicious jive-talking, and his Manson-like stalker musings on the details of Casey’s private life. Also moving down a notch for demanding a full disclosure on all things Casey Serin, while hiding behind the comfort of the dialogue-that-only-a-white-guy-could-conceive-of persona he has constructed. (Note that California Amour himself is using a pseudonym because I am not entirely convinced that Homey Da Clown is not, in reality, Homey Da Psychopath.).4. Ozzie Tim
Moved from obscure to “obscure and annoying”. Mate, if only the stingray had got you instead of Steve Irwin, we’d have one less annoying thing in the world, and the Discovery Channel would be the better for it. Actually I think the “fair-dinkum” Australianisms from Timmo belong in the same basket as the blacktastic musings of our own Fat Albert, “Homey Da Clown”. But “good onya” Tim, you’ve used more outdated cliches than Uncle Arthur.Special Mention: Tony Soprano, Beezer, Soap On A Roap, Time Will Tell ().
In the words of the founder of the feast; “Its all good”. Casey, if you are genuine, best of luck in 2007 and I hope you pull out of the tailspin. If you are a troll, then hat’s off to you, old son. You have played a mighty, mighty joke on the lot of us - and its been worth every penny.
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@Casey: Some days I get very close to pulling the plug on the whole thing.
Don’t tease us, please. That’s just not nice.
But then I get a call or an email from somebody who was searching for foreclosure help online and came across my blog. They contact me for advice and just to talk to somebody who is also in trouble. I feel good when I am able to help (and I don’t charge anything for it). So that kind of stuff keeps me going. That is going to be a future of this blog I think. Once I get out of my mess (whether negative or positive) I will be able to convert this blog into more of a support forum and resources for people facing foreclosure and it will not be so much about me.
Casey, buddy, friend, pal. Sorry to tell you this, but people don’t keep coming back here for the quality advice or support - just the opposite. We’re all here to watch the dancing monkey. End of the day, that’s the only value there is to this blog.
You write as though you have some say in the future of iamfacingforeclosure.com. That part of things ended three months ago when you decided to whore yourself out to mass media as the doofus 24-year-old who illegally backed himself in a 2.2 million dollar corner. The only people reading your posts looking to glean wisdom on handling foreclosure issues are people dumber than you - a disquieting prospect, I admit, but they’re out there. The rest of us just want to see how much abuse you’re willing to put up with. If you think that suddenly you’re going to transform that dynamic into a respectable, credible discussion group on real estate and foreclosure issues, you need to up your meds - that time has come and gone.
Right now. as your wife well knows, you’re using this blog to avoid reality. To pretend that it’s not all that bad. To drum up some hope that someone, somewhere will cook up the “creative” financial arrangement that’ll magically fix all this. Most of all, to distract and delude yourself - a particular talent that you seem to excel at. Every minute you spend blogging about this mess is a minute you’re spending not resolving it.. which leaves us back to watching the dancing monkey.
Foreclose on iamfacingforeclosure.com. Save yourself. Or don’t. We don’t really care, except in the entertainment sense. But please don’t kid yourself that this blog is actually going somewhere. As a commenter pointed out months ago, it’s the Poseidon Adventure - epic, tragic, full of lively characters, but with a pretty straightforward and predictable plot.
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Mr. Casey,
Here’s an entirely free self-help guide you might enjoy:
http://guykawasaki.typepad.com.....utions.pdf
Please note Lesson #3 (particularly temptation #3 “Solving problems frivolously”). -
Hi Casey,
Happy New Year! And Happy B-day to G…
As a strict vegetarian of 5 years, I commend your attitude to at least attempt a vegan diet, it’s good for you in the long run. Also In and Out is a lot better than McD’s and BK (burger king, not bankruptcy)
Nice to see that you don’t have any overdraft charges from In & Out or Chipotle’s (did you know the latter is owned by McD’s?) At least those places are better than Macaroni Grill or Jamba Juice, financially speaking.
Keep focusing on the properties and forget about the fads otherwise you will be talking about high colonics next.
-Big Cheese
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Casey, if you really want to gain those 10 lbs of muscle, don’t listen to people that excercise or lift weights, that would require too much work. You are on the right track with quitting your gym membership, but I think your problem is that you aren’t buying enough books to show you how.
I think this site will help you and I hear they are having a seminar in your area soon.
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Tim from Monterey Bay,
Thank you for writing in. Your analysis is very informative and I thoroughly enjoy reading your posts. Interesting idea about organizational aids and how helpful they are. I am a Business Math instructor at a college and I find that writing a “Things to Do” list motivates me to get the tasks done. It really works!
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*sound of whip cracking*
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Casey, I know know for sure what the problem is. The problem you have is that you are afraid of money. That is why you quit your job, you didn’t know how to handle your finances and felt you needed to make a lot more. Then, your ultimate goal is to be making a mere $3,000 in passive income. You could be making that much right now by doing computer programming. What would you do if you were earning $3,000 in passive income? You certainly wouldn’t be doing anything productive. It seems that you are simply lazy. You could be making $3,000 a month at a job, but you chose not to because you want to make $3,000 by doing nothing? You do not understand the value of money and don’t know what to do with money when it is given to you. You don’t understand that money represents the value of a product or service that you give to other people in exchange for money.
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“I don’t think there’s a thing you could post that wouldn’t be mocked by someone.”
If Casey were to write an intelligent, well-thought-out post containing a clear and sensible strategy (as opposed to vague and undefined target) aimed at tackling the cripplingly serious financial problems that he’s got himself into, not only would I not mock, I would applaud.
Forget about dieting and religious issues. To say they’re irrelevant is like calling the Grand Canyon a fault line: true, but hopelessly inadequate. It’s astonishing to me that Casey could be posting or even thinking about anything other than his finances - though I do understand why he’d be in such extreme denial.
But unless he snaps out of this denial, he has no idea just how big the problem is - and therefore no conception of how to devise a strategy to minimise the fallout. And the fallout is going to happen.
When I applied a dream job a few years ago and was asked to come in for an interview, I spent pretty much the entire four days between this and the interview itself preparing for every possible eventuality - including producing a 300-page bound portfolio of my work. I got the job, and later found out that that was what swung it for me.
I’m guessing Casey has never prepared anything this thoroughly before, so I’m not sure how he’d approach this - but he needs to think long and hard about the kind of questions that he’s almost certain to be asked at some point this year, whether it’s a bankruptcy attorney, a defense attorney or someone altogether more hostile (I’m thinking cross-examination in front of a jury). And the stakes will be infinitely higher than mine were - all I’d have missed out on was a great job, while in Casey’s case his whole life is literally on the line.
Not only does he need to get his facts absolutely straight, but he needs all the relevant figures immediately to hand. Saying “Uh, well, I think I owe $60,000 to Wells Fargo - sorry, my mistake, it’s $85,000″ isn’t good enough. I totally understand why he might not WANT to know this information, but the decision is soon going to be taken out of his hands. And he has to be prepared for this.
Casey, DO NOT LISTEN to the siren voices saying “Don’t worry, everyone’s doing it, you’ll be OK”. The simple fact is that you don’t know what’s going to happen, and the chances are overwhelming that you won’t be OK. Which is why you have to come up with a proactive strategy RIGHT NOW to minimise the likely damage. Otherwise you’ll spend 2007 being hit by repeated incidents of the Wells Fargo variety, with an endless series of posts where you sound hurt and confused because a financial institution has behaved entirely correctly and legally in order to retrieve its own money.
I really do feel desperately sorry for you, Casey - you’ve made some appallingly stupid decisions, and no doubt will continue to make many more until you get serious about mastering basic business skills. But a major part of the present problem is that you’ve been completely suckered by frauds and con-men all the way down the line - and until you start to acknowledge this, you will NEVER climb out of your hole.
If you can’t bring yourself to denounce Robert Kiyosaki, here’s something easier: just don’t mention him. At all. I watched that video, and believe me, this man is not your friend.
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A year ago you became a full-time Real Estate Investor. Don’t worry, most businesses don’t make a profit their first year either. A lot of sucessful businesses have to endure years of losses before realizing a profit. The “recapture period” sometimes takes longer than it did to suffer all those losses. Remember that an “overnight sucess” sometimes takes 20-30 years, like Wal-Mart for example. Keep pounding the pavement and I am sure you can find some deals in 2007 that will pull you out of the hole you are in.
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Casey responds twice. The first response was a diabtribe about his eating habits. Casey says that sometimes he responds to trivial things but they are “important to him”.
If Casey had any character at all he would be summating the various bits of advice and acting on it. He’d be solving problems rather than generating new ones. But Jamba Juice is important and so is he proto-vegan lifestyle, so he’ll focus on that instead and waste another half-hour restating tired cliches.
Key phrases from Casey’s second response, and my responses:
“yes if you really knew me you would NOT be saying that I’m lazy - I work way too much”
No, you don’t. If you really were a focused, hard worker you’d have a lot of your financial problems handled already. Those are your priorities, but there is no evidence that you have done anything at all.
“This is REALITY. No, not reality TV, I mean REAL reality where there are not edits and no producers”
Reality means that you break down your issues in order of highest priority to lowest and you allocate time for completing tasks to slowly (but surely) chip away at these issues. Your blog reflects your reality, which is a desire to pay mailmen birddogging fees and an expose on your dietary and hygiene habits.
“And my wife is getting really upset now for taking time on her birthday to moderate the comments”
Yeah, it’s our fault.
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@California Amour
Thanks for the review. I’m not sure I agree, but a good round up.
I must tell you that the best comments were Bill’s regarding Casey’s accomplishments for 2006:
-Quitting your job
-Taking a shower
-Drinking jamba juiceand Underwear Model’s:
So your biggest success in 2006 was taking a shower every day. Wow.
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The SHIT university stuff is hilarious
holy SHIT was that funny
There should be a class called Serinonomics where you are taught by felons on how to game the system. In the first week they cover Fraudulent mortgage applications. In the second, you make your very own ski mask and learn how to successfully rob a Korean grocery store.
In the latter part of the semester, you could take Seringineering and build your very own Nigerian email scam. Russian Mobsters come to class to give talks and hire the best of the best to steal luxury automobiles. You’d be taught the geometry of Key-2-Clay imprinting or how to stick a penny in the cigarette lighter to short out the electrical system.
In SerinArt you’re taught how to make Pruno from jelly donuts or a shot of Jamba Juice wheatgrass.
SerinComm is a required communications course. In it, your reading list includes every third rate financial guru book that comes straight from Casey’s very own shelf. You’ll have to cough up $2500 to fly first class to your very first guru meeting. Extra points are received if you take a plane trip to the middle of nowhere and come back enlightened.
Every SerinTest comes with a pre-stamped A and the answers are on the back.
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Casey,
You don’t have to post this if you don’t want to.
I’m surprised and disappointed that you are not pursuing IT. IT enrollment has been down 80% for the past 4 years and the demand is now bigger than it was in the .com days.
I just came off a 3 month contract setting up mail servers for $15K per month. Even with crappy .net skills and web programming you could fetch 80K a year.
With working, negotiating with your creditors, and renting out the properties you have, you could cover all your costs and ride it out. Over time, turn it around. It is do-able.
The above is by far your easiest way out. Hire experts to help - not bloggers! They will more than pay for themselves. Find a lawyer, property manager, and CPA in your area that want to be part of the story of a 24 year old kid who turned around from over 2M in debt.
Hire them, listen to them, and do what they say. You won’t have to second guess yourself anymore.
If there is any income from ads or blogging, give it all to them. You won’t have to convince them that there is a potential audience. That step (usually the hardest) is already done.
Blog the entire experience without accepting comments and you’ll have a powerful story and blog content that really will help others.
Let me ask you this: If someone out there was in your situation, hired REAL experts and blogged the whole experience, would you check out their site?
Are you going to let someone else beat you to it?
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Casey,
Stop losing your time with that blog. Its only interest for you was adsense revenue. Now it’s gone, get a job and spend 100% of your time taking care of your financial debt mess. You can’t afford losing hours a day on that F*** blog when you owe 2.2 $m.
Move your ass on concrete things. When you get out of this, you’ll have plenty of time to write a book on “How I got out of a 2.2 $m shit debt and avoided foreclosure/bankruptcy” (if ever).
Get inspiration from “themilliondollarhomepage.com” maybe… the guy made a million bucks with a KISS idea, no RE trading. -
“A year ago you became a full-time Real Estate Investor. Don’t worry, most businesses don’t make a profit their first year either. ”
Yes, but most businesses operating on Casey’s level of resources don’t take a $2.2 million loss (or even a $400,000 loss) and survive, unless they:
1. Have a level of capitalization several orders of magnitude greater than anything Casey can come up with, or;
2. Reasonably believe that they are about to launch a product or service which will be so successful in the medium to long term that it is a realistic probability that these losses will be stemmed and that profits will eventually be generated.Neither of which remotely applies to Casey’s situation.
Also, most businesses are run in a businesslike fashion. Casey hasn’t yet convinced me that he knows the first thing about business.
“The “recapture period” sometimes takes longer than it did to suffer all those losses. Remember that an “overnight sucess” sometimes takes 20-30 years”
This is exactly the kind of drivel I meant when I warned about “siren voices” in my last post. Casey does not have 20-30 years to sort out his problems. He doesn’t have 20-30 months and he might not even have 20-30 weeks. He might be able to tread water for 20-30 days, but he realistically won’t last much longer without a radical strategic rethink of what he’s doing and where he’s going.
Some people call this sort of thing a “get out of jail” strategy. They don’t normally mean it literally. But in Casey’s case, that’s precisely what it is.
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hey Casey, I just seen this picture http://www.flickr.com/photos/sercasey/338198615/
Man! your sister is really really cute. If I were single I would ask her go out. Beautiful really
Your brothers are very handsome too. Much blond, cyan or brown eyes, small round ears. VERY SLAV.
good pictures. your family is beautiful really
Daniel (latin)
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Best Casey retorts so far:
1) “…Today was my wife’s birthday so the real work is going to start tomorrow. She already gets mad at me for working too much (yes if you really knew me you would NOT be saying that I’m lazy - I work way too much)…”
So do mice on threadmill, but they don’t accomplish much do they?
2) “…You guys are on the side lines watching me fight the fires. It’s not as easy as you think and implementing different strategies takes time. You guys want instant results. This is REALITY. No, not reality TV, I mean REAL reality where there are not edits and no producers and film crew to make everything smooth, fast and polished. (And now there are no commercial breaks either)…”
If this is how you put out fires, please don’t EVER think of becoming a fireman.
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I predict that words and phrases like “wrapped” and “cashflow” will be to the real estate bubble what “eyeballs” and “click-thrus” and “burn rate” were to the tech bubble. We will look back at the Casey’s with bewildered amusement, just as today Pets.com is a punchline for insanity and clueless, naked greed.
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Casey’s 2007 healthy diet menu:
What Casey is served:
Brown creamy gravy substance with a smattering of mystery meat dumped over some white rice with assorted bugs in it.
Bologna sandwich on white bread with the possibility of a special sauce added to it by Bubba on kitchen detail.
What Casey eats:
None of the bad unhealthy items from the above. (the Aryans or the Brothas took it when he sat down by himself. One of them also punched him the arm and called him a beeee-atch).
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You took money from people that you are not paying back. Then you have the nerve to talk all your Jesus/God stuff. Do you see a problem here? Thou shall not steal, Casey.
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“if you really knew me you would NOT be saying that I’m lazy - I work way too much”
Hmm - I would not define the following as “work” but as “procrastination AKA unproductive busy-work”
- writing the blog
- moderating comments
- taking unneeded trips
- attending seminars*
- reading self-help fluff*
- counting your Jamba Juices* particularly egregious because had you a) sorted what from chaff and chucked the useless BS, and b) implemented what you already know in full, you wouldn’t need those
NONE of these things lead to income, ergo, they are not “work”
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Good morning sleepyhead. Are you still in Bed? Did your friend forget to give you a wake up call this morning?
Casey, are you a man or a woman? Sometimes I can’t really tell. You seem to be a male, but you whine and whimper like a woman.
You claim to work hard, but then you have to apologize to the wife for doing it? Is that the actions of a man? Just tell her to STFU and bring you a beer… a man is working.
Instead of taking Tim’s advice, and asking him questions like “Gee Tim, sounds great… how can I implement that for my Burdett Way house?” you respond to the silly little Vegan posts. Why? Are you afraid you offended some sissy grass eaters? Is that the actions of a man, or a woman?
You spend so much money on your hair? Why? Just buy electric clippers at Walmart and give yourself a buzzcut every week. Saves you so much money at the end of the year, and it might reassert your masculinity too. But you just want to pretty yourself up. Why? Do you spend more money on hair products than your wife? Is that the actions of a man, or a woman?
And all the fad diets, the Jamba Juice, hot/cold showers, etc are so fruity. You should get used to balony and cheese sandwiches, kool aid, and cold showers, since that’s what you get in prison. Go spend $20 and buy some dumbells too, so you can muscle up. A pretty smile gets you by when it comes to loans, but only gets you a bloody nose in prison.
Are you a man or a woman? If you say man, then start acting like one, and take responsibility for your actions. Maybe your brother in the marines should beat some sense into you.
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TO -> The Truth
You said: “The truth of the matter is if casey had purchased the houses 3 years ago instead of last year, he would be a millionaire right now. No one can argue that fact.”
Now that’s just stupid because the only reason the person who owned those properties 3 years ago made big money is because he had Casey to sell them too.
One person (Casey) bought 6 houses. Isn’t living in them, isn’t trying to make rental income, just wants to hold them and wait for Casey Jr to come along and buy them from him. Casey wasn’t even willing to wait 3 years. He doesn’t have the cash to hold 2 million dollars worth of house for 3 years. So there is no way he could have been that “millionaire”.
He and the other Casey’s out there can only be the last people holding the bag because somebody has to be. And I think we all can see from Casey’s blog (especially this one about 2006) that the only job he is well suited for is being the last person holding the over priced real estate.
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Man do I get a kick out of all the cheapskates offering up info on how to become wealthy by saving $5 and investing it over 95 years so they can have $25,000 at the end of their miserable life. Or the RE gurus who claim his failure as another step on the road to success.
Helllooo…. Casey Serin is in the hole for an additional $30k every month. At this point in time there is nothing any amount of “slow and steady ship” BS can do to pull him out. He is like that cartoon character stading underneath a falling safe. It’s only a matter of time before it all goes “poof”.
I’m sure he and his wife are hoping for some fairy to come along and bail them out. The reason why he hasn’t done jack shit to fix things is cause he’s busy fielding BS offers from fellow scammers looking to waste his time. He will find in the end that it was all for naught and that the perpetual fool gets his butt reamed extra wide in the US.
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G’day mates!
Ozzie Tim here.
C’mon “California Amour”, you’re hurtin my feelings. Me and my mates were knockin down some amber fluid like a pack of brumby’s round the bush telly and this! That’s mean as cat’s piss I say.
Look, just chuck a sickie, take a deep breath and stop all this earbashing. I’m just a regular bloke enjoying the countdown to the cark.
I was regular gobsmacked to see your comments. You sound as cross as a frog in a sock Mick said and I agree. Look, I’m just a lairrikin out for a good time. I’ll mind my manners right and proper.
Good onya mate.
Hooroo. Ozzie Tim
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AWWW Casey,
It’s a quarter to nine. I’ve been up since 6:15. Showered, ate breakfast, got the kids up and dressed, cooked them breakfast (using a microwave) and off to school, did the dishes, fed the fish, got the drycleaning ready, checked my business e-mails for fires, checked the news.
And still you can’t moderte my comment from last night. This 5:55 thing not working for you?
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The Truth said
The truth of the matter is if casey had purchased the houses 3 years ago instead of last year, he would be a millionaire right now. No one can argue that fact.I really love this arguement, he also could be a multimillionaire if he had picked the right lottery numbers…this still doesn’t change the fact that he is screwed
There are a lot of people..like yourself actually, that always ruminate about what could have been…if only I had bought Microsoft in the early 80’s, if only I had sold all my stock prior to the crash in 2000, if only I had bought houses in California during the last real estate downturn…..
It’s called gambling man, if only I had put $1000 down instead of 5 bucks when I got blackjack. Yes he might have been a millionaire, but he could have also blown it all on even more investments like continuing to buy more and more houses as the greed factor pushed him into purchasing 100 houses…either way, there is no way to determine exactly how he would be doing financially right now(despite your claim that he would be a millionaire right now, once again, it’s probable, but not a certainty)…THERE IS A CERTAINTY however in his current situation..and it is that he IS BROKE, SWIMMING IN DEBT, and doing NOTHING productive about it. NOW THAT is something that you cannot argue with.Nice try with your lame comment though.
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Just out of curiosity, Casey, why would ANYONE be asking you for help or advice about anything?
If I find myself in need of help or advice, I prefer to look to people who are experts in their fields, trained and knowledgeable about their areas of interest.
If I should find myself facing foreclosure, which thankfully I’m not, I would not seek out the advice of someone who made the same mistakes I have, except 10x worse… I’ll be trying to find legal and financial experts who could help me find the best solution from a bad situation.
Ten years from now, you MIGHT be in a position to help people who are facing foreclosure or other financial crisis, but today you are simply a 24 year old punk in SH%# up to his eyeballs and has no idea which way is up.
Casey said
“I feel good when I am able to help (and I don’t charge anything for it).”
and I almost DIED laughing…
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Well, still on my lunch break before I go back to making 150 an hour (I just threw that in there since I am a sucker and work for the man, or in a cubicle, or just put in any other degrading comment made by Casey and his cheerleaders for people who have a steady job)..anyhoooo
“This is REALITY. No, not reality TV, I mean REAL reality where there are not edits”
Casey, the LAST person who should be telling us ANYTHING about reality is you, since from what I have seen, you have no concept of it. Casey do you even read your posts from way back in Septmeber…you will find that even back then all your goals and dreams have amounted to nothing 4 months later. Sad man, just sad, but hey, at least you had the courage to dream and be in that top 1% who actually do something and..and…blah blah blah…
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@doitcasey
You see, there IS a way to determine how Casey would be financially now, if he had bought when the market was better- he’d still be in the same position. Why? ‘Cuz (i) the way he did it (buying site unseen in other states, paying over price, paying higher interest, buying without inspections, appraisals, or “running the numbers”, not doing most basic due dilligence of the market, esp. the local market, & let’s not forget the ‘lair loans’ & fraud he displayed in getting said loans) - he got caught up in the ‘get rich quick’ schemes of Rich Dad & his ilk (he still thinks Rich Dad et al got rich from RE, but it was their selling of BS & the fools that believe them that got them rich) & (ii) how he continues to proceed with his properties (his inability to prioritize what is actually important or to make a decision - he seems to think waiting will make something happen, his neglect to maintain or improve his properties, his reliance on get rich quick scheisters to make money & of books & such before taking action, rather than relying on experts (i.e., BK atty’s, civil atty’s, accoutants), his ignoring of advice here on this site - some good advice, his thinking this blog is ‘hard work’ that will help him & his situation get out of foreclosure - the only way that will help is if someone buys his story, and that won’t happen, his failure to understand a budget, his failure to understand that answering emails & paying attention to this blog is more important that fixing his situation, his failure to cut costs, etc., etc., etc…..
What is bred in the bone will out in the flesh, and Casey is nothing but a typical 20-something who knows not of hard work (real hard work), sacrifice, & patience - this genetic make-up will haunt him for the rest of his life.
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oops - my response to ‘doitcasey’ should have been to ‘The Truth’; sorry DOIT.
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Congrats Casey!!
I just got the new Scotsman Guide for this month (a publication for mortgage originators) and there is an article in there about stated income loans and it mentions YOU as the perfect example of fraud. Not just you, but the loan officer too!
http://www.scotsmanguide.com/default.asp?ID=1893
Seriously, tell us a little about the loan officers who did your financing. Is it just one person or did you shop around? Are they aware of the situation that you are in?
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“The Truth said
The truth of the matter is if casey had purchased the houses 3 years ago instead of last year, he would be a millionaire right now. No one can argue that fact.”Ohhhhhhh yess we can! It has nothing to do with timing, it has to do with his lifestyle. I would argue that if he bought those houses 3 years ago, yes he would have made millions, but what do you think he would have done with all that money? Probably spend a lot of it on more seminars, books and tapes, “life coaches”, and the like.
I think if he was actually sucessfull in the beginning, it would only empower him more and would actually be much deeper in debt than he is. Not to mention that due to his “shady” practices, he would most likely be receiving letters from the IRS right about now.
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You have a gambling addiction, no different than people that lose $200K of borrowed money in las vegas
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@Kevin and RE: doitcasey
My sentiments exactly, these cheerleaders around here seem to think that if he had magically actually made a profit, he would have changed his basic nature…a lazy good for nothing bum trying to get rich quick.
Case in point, Casey made 30K on his first transaction..he went out and decided to go all in. He lost. If cAsey had made 3 million by being in the right place at the right time(definitely not because of his intelligence), there is no doubt in my mind that today he would be 30 million in debt. A gambler doesn’t know when to quit, and keeps promising that just one more bet and he’ll stop. Even now Casey is still looking for that one big magic deal that is going to get him even! Bottom line is Casey is a BORN LOSER, he can read all the self help books that he wants(I mean seriously, ‘getting things done’? like he will ever get around to reading it), but anyone with a brain can see that this con man/swindler/liar has been nothing but self destructive in the past, and continues to be on a daily basis. A winner would have recognized his faults by now, but poor Casey continues to believe that he is special somehow, that he doesn’t need to work, that because of his special brand of intelligence that he can succeed where most other people fail. As usual, and on par with his track record, he will find out that he is wrong.
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@ Loan Officer Erik
Thanks for the link. I found this portion of the article particularly informative:
Conspiracy to wrongfully divert money is at the heart of every financial-fraud conviction. There are so many ways to divert funds illegally that the FBI will prosecute based upon the U.S. Code wire-fraud statute (Title 18 U.S.C. 1343), among others. If you wire funds in connection with fraud, however it is perpetrated, the bureau can hold you responsible.
The statute states:
“Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.”
In other words, a 20-year prison term is possible for each violation of the statute. And if you defraud a financial institution, the sentence can be increased to 30 years.
In fact, a 30-year sentence was imposed in 2005 against a real estate attorney in Georgia for her involvement in property flips. What makes her case remarkable is that she had no prior convictions. That much time for a first conviction is harsh by any standard.
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I cannot believe your wife is encouraging you to take her birthday off. Seriously, WTF? Can’t you simply work all day and have a nice meal with her in the evening? Didn’t you just take a week off for Christmas? How many freaken days off do you people need???
And I find it disheartening that you’d spend time providing Wikipedia links to In N Out and Chipotle rather than use that same amount of time to provide a basic laundry list of important tasks to complete for the month of January.
You spout off about how you want this blog to be a source of information for others in your situation; however, you are not providing any substantial steps for assist anyone. Vegan diets, hot/cold showers…..WHO GIVES A R@TS @SS?!! Your priorities are seriously skewed.
I’m gonna ask a few questions again, but I’m certainly not expecting any answers:
1) How would you spend the free time during your early retirement if you were able to retire early?
2) When is your wife beginning her new job?
3) Have you opened your mail yet?
4) Are you planning to work for Chris this week?
5) When will the holiday season finally be over for you and your family?
These are the questions people want answers to. No one cares about your dietary goals. No one cares that your wife prefers you not work and spend every waking moment attending to her needs. This just doesn’t make any sense to me. She should be encouraging you to solve some of your financial problems. I am freaken stunned.
PS: Miguel, I’m totally crushing on you.
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Damn…. made it to the Scotsmans guide. This is the kinda infamy you weren’t hoping for and yet thanks to your blog you’ve attracted way more attention than you craved.
Dude America is for the wolves. The wolves lent you millions. The wolves put you on the hook for it. The wolves are reading your blog and salivating at how tender your lamblike flesh must taste.
I can think of hundreds of people working in federal cubicles just relishing the thought of making YOU their prime rib example.
Fact is you can do whatever you like in this country. As long as you do it with class and not make too many waves. Casey Serin just farted in the jacuzzi ladies and gentlemen…
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Best real estate blog for 2006 vote going on now. Winner gets $50 in gift certificates. WRITE-IN this site, and let’s create the biggest upset in re blog history!!!
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Hey casey you might have a way out!
http://thelede.blogs.nytimes.c.....s-airport/
“It has … come to my attention that the Dulles Management decided it would be a nice idea to DEEP FRY A TURKEY in the Dulles administrative quarters,” Mr. Heflin wrote in a letter to superiors, “surrounded by carpet, linoleum, an airport, aircraft, a control tower, thousands if not millions of gallons of jet fuel and thousands of passengers and employees.”
Turkey-fryers have become popular in recent years because they often result in succulent-tasting birds. But safety experts say that they can cause serious fires if not used properly. Scores of fires have been linked to the fryers.
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“Those “live for the moment” convenience drinks are costing you and your wife serious money.”
That is ridiculas. I just spent $19.99 on a book called “Automatic Millionare” so I could read the same thing. What a waste of money. I’ll take my Jamba Juice and Coffee anyday please. Thank you.
You forgot to mention the effect compounded inflation has in your math lession. Inflation runs on average at 2-3% annually. So in reality your “returns” are 3-4% for missing out on lifes little benifits while turning into a 65 year old fart.
We have NO idea what will happen in 40 years. For all we know a socialist goverment will be elected. If your going to invest you should embrace risk NOW. Or at least look at getting better conservative investing returns. Say 10% min. With the money you have AFTER you get your morning Jamba Juice.
Dont stress over the little things. For God sakes. Life is too short…
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Wowee, you had only 190 cups of fruit joose. What happened, jamba Joose banned you for bouncing too many checks ??? keep at it casey, you cannot loose.
Cool.
Cow_tipping. -
Anybody wanna take odds on the FBI pulling Casey out of bed at 5am (there’s your early riser wakup call) in the very near future, now that he’s been featured as a case study (Casey Study?) for stated-income mortgage fraud in a leading mortgage industry publication?
Seems to me that Casey faces the very real possibility for a substantial jail term. One has to wonder just how long the authorites will wait until they are embarrased into action by Casey’s notoriety.
Yet, just as Nero fiddled while Rome burned, the biggest priorities on Casey’s agenda are maximizing his daily quotas of early risings, fresh-squeezed juice, hot/cold hydrotherapy showers, and quality time with his wife.
Well, as for that last item, he’d best make that most of that while he can…
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EITHER CASEY IS ***TROLLING*** US OR HE NEEDS TO CLARIFY HIS ENGLISH USAGE…
myself, im a WANNA-BE VEGETARIAN,
Seperating moral issues about animals, factory vs farm, free-range vs cages etc.
the human diet & overall physical & mental appearance from what you put in your mouth to what comes out your butt is whats its all about,
if you eat meat youll feel sluggish and your pores will seep bigmac smelly ooze…
if you stick to basic macrobitotic, semi vegetarian stuff, with as little red meat and alot of fish you will pretty much look great and feel great if you exercise alot and cut smoking & coffee & alcohol….microwaved foods, again hes trolling or not explaining correctly, im sure our dear casey means ‘processed’ snacky foods…or psuedo meals in those partitioned trays
not much great healthy nutritional stuff in a frozen mini pizza pocket product or some frozen grease & beans buritto thing that a starving mexican would spit out.
skip the cheetos and grab the apple, stop buying potato chips and eat some raisins or a banana?
simple choices, no need for any militant or moral adjectives or identification…
youll end up wasting your life away and arguing and debating with everyone,,,
NOW,, ARE YOU THE VEGAN WITH THE LEATHER SHOES ???
ARE YOU THE VEGETARIAN WITH THE GAS GUZZZLER ???
YOU CARE ABOUT HOW AN ANIMAL SUFFERING,
HOW ITS RAISED FOR FOOD, BUT YOU PURCHAED A PUREBRED PUPPY INSTEAD OF ADOPTING A STRAY FROM THE POUND???GET IT?
Casey is playing us all for suckers, we are debating ourselves
WHILE WE ARE ON THE CONTRADICTIONS SUBJECT?
has anyone noticed about this whole new fad about
“BLOOD DIAMONDS”
or conflict free diamonds..now if casey purchased a conflict free certified diamond, wouldnt that STILL CONTRIBUTE to the market & demand that creates CONFLICT DIAMONDS??
its not like the ‘certified slave labor conflict war blood diamonds’ are actually on SALE for a LOWER $$$
******
Casey succeeds then we all lose, since it will contribute to more knuckleheads TRYING TO REEP $$$ IN RE
GRQ GURU GARBAGE!!!!!!!!!!!!!!!!!!*******
casey how much can you hock your wife’s wedding ring for anyway???
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We don’t cheer when he emerges victorious, we cheer when he’s eviscerated by bears.
Speaking of being eviscerated by bears…
whenever I visit this blog lately, I cannot help but be reminded of Timothy Treadwell, a somewhat self-delusional man who was convinced he could establish personal relationships with grizzly bears during his annual treks into the Alaskan wilderness. Having no background in biology or wildlife management, he nevertheless fancied himself as an “eco-warrior” who was was the bear’s best friend and protector.
This was, of course, until the bears finally tired of his shenanigans and ate him. His girlfriend too.
Why do I keep thinking of Timothy Treadwell when I read about Casey and his predicament?
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lets not forget that Timothy Treadwell himself claimed that his dad told him that “he would never amount to shit”
having been eaten by a bear, he proved his dad wrong!!!
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Hey, Casey is anyone checking on your Rio Rancho property?
New Mexico just had one of their worst blizzards/snowfall in history, with more snow on the way.
There is also an article about this in the local (Rio Rancho)paper.
Link to news article:
http://www.observer-online.com.....story1.txtIs anyone clearing the roof canales on the flat roof?
I would worry about the possibility of the roof leaking, if no one is removing the icicles off the canales on a regular basis.
The ice and snow need a way off that flat roof. Those canales need to be cleared of ice. Or else, the melting ice and snow has nowhere to go.
This was suggested for people with flat roofs to do in todays’ ABQ Journal newspaper.
(Canales are the little downspots that stick out on the sides of Pueblo dwellings.)Also, our weather here is down to single digits, along with over a foot of snow and an expected new storm coming in on Friday…
Hope this house has been winterized. Is the water off? If not, is someone checking the pipes?
Is the snow being cleared? Is ice melt being applied?Hope you’ve checked it since the floods in July of ‘06 also.
Another helpful news article from the Rio Rancho paper:
http://www.observer-online.com.....story2.txt
Good luck and adios from New Mexico
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From what I see, you haven’t really reached much in 2006, now have you? Hopefully 2007 will be a better year.
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Here’s to Casey finally getting his life in order in 2007 and ‘hats off’ to California Amour for his summation on posters
I love the blog, craziness and all! Don’t know what I’ll do when it’s gone:-( I was hoping maybe we could use it as a dating service site or for job postings. Anybody need a Purchasing Agent in Boise???
p.s.
Keep posting Tim from MB -
This blog just gets more and more ridiculous. I love it.
Next chapter: When Vegans Attack Tim from MBA
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Falcon-
You forgot one other type of radiation:
4. Hatons - small particle-like packets of negative energy embedded in blog comments. Given prolonged exposure, even staunch Casey supporters *haton* can be turned to the dark side, as evidenced by Tim from MBA and even Yneone. Strangely, Nigel seems to be unaffected. (I suspect he may be of extra-terrestrial origin.) *haton* Clearly, the danger to casey is not microwaved food, but that the hatons could interfere with Casey’s gurons and lazons which, when combined, will certainly allow Casey to get his financial freedom on. *haton*Casey, just remember: Yours is not to wonder why, yours is just to buy buy buy! *haton*
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I can just see the FBI or whoever is going to take Casey down eventually just salivating over the opportunity.
It reminds me of the cop on Seinfeld who was interrogating Kramer when they thought he was a serial killer. These agents are reading his blog and every day, as he posts more and more silly idiotic crap about rolling out the trash cans and failing forward, some gung ho guy with aviator sunglasses goes into his superior’s office and begs ‘Please let me go bust this weasel today’.
Hilarity would ensue if they brought a SWAT team and busted down his door and someone shot a hole in the blue ball as Casey ran out the door and tried to hide under a tarp in the backyard. If anyone can get a tip off as to when the bust is going down, please get a videographer out there to the Serin household. Maybe ‘Cops’ would do it.
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The only reason Timothy Treadwell didn’t amount to shit was because the bear that ate him was shot and killed before it could finish digesting…
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I’ve found multiple sweet guru seminars to attend this year. Check them out.
http://iamnotfacingforeclosure.....-for-2007/
I will also be putting a simple rental property analysis spreadsheet on my site in a few days. Casey, feel free to come on over and get it. It’s very basic so I’m sure you can work it.
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dumberer and dumererest:
for some reason the last comment made me stop and think for minutes staring at the lcd
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Buy, fix and flip houses then use the profits to buy enough income property to net $3,000/mo passive income. Progress: $0/mo (0% success)
Negative dollars per month, negative percentage success. Let’s do a recount on that goal, mmm-kay?
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