Facing Foreclosure at a College Real Estate Class

Monday, December 4, 2006 at 06:42pm by David Askaripour in Video

Casey Serin is a very interesting 24 year-old entrepreneur who isn’t scared to take on big risks for the potential of BIG rewards. He’s currently in 2 Million dollars of debt and still going with his real estate business. This dude isn’t taking failure as an option. Check out this video of him recently speaking to college students about his life.

Check out Casey’s Blog for the full story of his journey »

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8 Comments

William

December 4th, 2006 at 8:09 pm

David, The story of Casey Serin is pretty wild and it’s weird because I was just reading his story earlier today on the internet.

He made some major mistakes, but like you mentioned he’s learned from them and he’s still trying to get out of debt and make his Real Estate investing business work-what a fighter!

I have no doubt that this young entrepreneur will definitely bounce back and we will be hearing of his comeback story one of these days.

Bruce

December 4th, 2006 at 9:30 pm

Linked to your site from a comment at Casey’s.

You lot are as delusional as he is.

He is not an entrepeneur nor an investor; he’s a wannabe speculator who committed fraud to borrow the money to buy his properties in an effort to MAKE MONEY FAST. He has the lethal combination of greed, gullibility and lax ethics.

“This dude isn�t taking failure as an option.” No, he’s in denial. People have been almost pleading with him to go BK, but he keeps thinking he can dig his way out of the debt and just builds up the balance further.

The sort of “encouragement” you’re giving him will only help him continue to ignore reality a little bit longer.

In my opinion he’s going to end up in the slammer for fraud and it will be richly deserved.

William

December 4th, 2006 at 9:52 pm

I obviously don’t agree with any type of fraudulent activity and I’m sure he will be held accountable for those activities eventually one day; if not then it’s the system’s fault.

I do respect his fire and drive to step out and do more than talk about investing in real estate, he bought his first property when he was 19 years old, how many others out there can say that!

He made some bad investment decisions and he’s paying for them now. However the fact that he wants to dig himself out of the whole the old fashion way doesn’t mean he’s necessarily dumb, there are people out there who have done it in the past with much more debt and bigger losses, like Trump for instance.

Some people are criticizing him for NOT wanting to file BK, when filing BK means that a lot of people don’t get their money, so in essence he’s avoiding screwing his creditors out of a lot of money!

I even know of successful real estate investors who have also gone belly up in certain instances and also avoided filing BK because they didn’t believe in it and many years later they did bounce back and end up becoming millionaires all over again.

It happens all the time in business, that�s part of the game, you win some and then you lose some, the diamond in the ruffs are the ones who fight back and see it through.

I don’t agree with everything that has been done by this guy, but I just choose to recognize certain qualities that he possesses that can help lead to success as an entrepreneur, like drive, resolve, determination and perseverance.

Aaron K

December 4th, 2006 at 10:27 pm

If you read this guys blog you will understand why Bruce is so passionate about his opinion. The guy is so thick headed and is no where near as smart as the credit some have given him.

- He refuses to take any kind of advice. I’m not just talking about the filing bankruptcy issue.
- He isn’t trying to make corrections in his behaviour because he just keeps doing the same thing which is obviously not working for him.
- He outright lied
- Has lied from the start to his wife and then subsequently ruined her credit while taking advantage of her naivety.

*I don’t know the guy personally but this is just my take from what he has posted on his personal blog. I may be way off and if I am correct me.

William

December 4th, 2006 at 10:39 pm

Aaron K, I haven’t read his blog and maybe that’s where I’m missing the rage and criticism that this guy maybe deserves.

I originally came across his story at Richdad.com at the Business School section.

Robert Kiyosaki had him as a guess speaker and they really were talking about how he had made some major BUSINESS mistakes and is trying to learn from them and bounce back as an entrepreneur.

They didn’t go into too much detail about the unethical activities that he has been involved in, it was presented from strictly a business perspective, meaning they discussed the numbers of some of his past real estate deals and talked about where he went wrong while investing and what investment techniques he should have used.

I will have to check out his blog because maybe I am missing something, but I just know that he’s attempted to accomplish more as an entrepreneur than many others his age. However Aaron like I mentioned I could be wrong, so I will be sure to read up on this guy a little more.

Aaron K

December 4th, 2006 at 10:57 pm

William,

Just trying bring some understanding to the table. I agree that you have to give him major credit for having come as far as he has and for the simple fact that he got off his butt and started unlike most wannabees.

Best of Luck

Darius Askaripour

December 5th, 2006 at 10:37 am

WOW….this guy took some huge risks and didn’t think about his choices very much. He seems like he had the basics down but didnt prepare much. back in those days real eastate investing courses were pretty much non-existent. Interesting…investors can learn from people like him.