
DSNews.com:
A couple of million dollars invested in homes facing foreclosure and more than $140,000 in credit card debt may kill anyone’s entrepreneurial spirit. Unless you are Casey Serin (photo).
The 24 year old California investor has $2.2 million in 5 properties spread out across 3 U.S. states. He originally bought 8 houses with the intent to flip, all with no money down, but due to the burst in the housing bubble, has only been able to sell 3. Now out of cash, but not out of hope, Serin has created a blog to inform others of his mistakes and challenges, and, of course, he provides a ‘tip jar’ for those sympathetic to his plight.
Serin’s blog has gotten national media attention, from USA Today to NPR, and most recently, a sit-down with Rich Dad Poor Dad author Robert Kiyosaki. The blog’s posts include advice from agents to crass criticisms of impetuous investing, but above all, Serin is turning lemons into lemonade - just don’t ask him to sell the stand.
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