Learning From Other People’s Mistake

Casey Serin is your average 24-year-old who is looking to get rich. He figured real estate would the money train that would get him to where he wanted to go. However, Casey made many mistakes along the way and now is in foreclosure on all his properties.

I’m a 24-year-old aspiring real estate investor from Sacramento CA. After going to few seminars I bought 8 houses in 8 months across 4 states with no money down. I fixed and sold 2 and then ran out of cash. I am now facing foreclosure on 6 houses. I’m learning my lessons, finding solutions and blogging about it.

I Am Facing Foreclosure is Casey’s blog about what he did, how it all went wrong, and what he is going to do about it. I guess the blog is his way of turning lemon into lemonade. The blog has received a ton of press and helped Casey get a ton of traffic. However, he’ll need a bunch of tier 1 media outlets talking about him before those Google ads on his blog can bail him out.

Last month Casey was invited to speak to a college real estate class about his real estate investing and facing foreclosure story. The teacher saw his screw-up story in the paper and thought the students can learn what NOT to do from him. Here’s the video of that presentation.

I must admit, Casey has a lot of guts admitting he took out “liar loans” to finance his properties. That may end up landing him in jail. If you’re a real estate investor, or are thinking of getting into real estate investing, Casey’s blog is worth checking out. Don’t make the same mistakes he did!