This "kid" is getting some attention lately, and is a little controversial. His story is here:
http://www.usatoday.com/money/economy/housing/2006-10-22-young-flipper-usat_x.htmIf there's a poster child for everything that went wrong in the real estate boom, it just might be Casey Serin.
In one year, the 24-year-old website-designer-turned-real estate-flipper bought eight homes in four states — and in every case but one, he put no money down. At his peak, in April, Serin had $93,000 he'd taken out of the homes as he bought them. By July, he was broke, desperate for one last deal.
Now? Serin has $140,000 in credit card and credit-line debt and five houses in foreclosure. Last month, he started iamfacingforeclosure.com, a blog that's drawn both notes of condolence and expletive-laced condemnation.
"I did some stuff shady, but I'm not going to hide from it," he says. "Somebody can learn from it. I've already had people contact me and say, 'Hey, I'm in the same place.'"
Note in the third paragraph that he does have his own website. On a sympathy scale of one to ten, with ten being having lots of sympathy for him, I rank about a one. But maybe someone in the Sacramento area can help him find a real job.
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