Info product
From CaseyPedia
An info product is similar to a book, but with less information and a higher price. Info products are often marketed by real-estate gurus to accompany, and generate additional revenue to, seminars.
Casey Serin aspires to produce foreclosure books and info products.
[edit] Satire: Sneak peek at one of the Serin/Stewart "info products"
The Casey Serin Wealth Building System
Are you tired of your life as a W-2 cubicle-dwelling looser? Do you feel like you can never get ahead? Can you see yourself at the same job, still working even when you're at the ancient age of 35?
What if I told you that you could have a passive income stream that required no work at all? What if I said that you could make up to $100,000 per year by defrauding lenders and get away scot-free? Instead of wasting away in some office making copies, you could be sitting in a Jamba Juice drinking wheatgrass shots with the rest of the non-trepreneurs.
Sit back as I tell you about my patented wealth theft system. By merely sacrificing your credit, you can turn a life of punching the clock into a life of sweet napping.
It's not theft if you intend to pay it back
The first step is to get as many credit cards as you can. It doesn't matter what the limit or the APR are, just get them all. However, don't use them all yet. Use only one of them as bait for the other CC companies. Use that card often and make your payments on time. In no time at all, your limits will be getting bumped up and CC companies will be sending you offers by the boatload. If you have a spouse, get him or her to do the same. It just adds to your cashflow and they will make a convenient scapegoat for later.
Next, you'll want to line up a source of corporate credit. Purchase an aged corporation from one of the online corporate credit companies like corporationbrokers.com using a cash advance from your credit cards. Once the corporation is in your name, you can apply for corporate credit cards. You may have to get a guarantor, such as your mom, your sister, your priest, your mom, a homeless dude, or your mom. Who cares, if they're dumb enough to sign your credit application, they deserve whatever they get for not doing their due diligence.
The next step is to line up properties across the United States. Property details are unimportant, but what is key is that the seller must be offering sweet cash back at close. The more the better! The crux of this wealth building system is to keep the total fraud amount low and spread it out across the country. Federal prosecutors will not bother with you if you steal less than $1 million. And local prosecutors will ignore you if you have a single fraudulent deal in their jurisdiction.
Your passive income is limited only by the number of illegal deals you're willing to do! For example, if you purchase a home in every state, at an average sweet cashback of $30k, that's a total of $1.5 million! Just for signing your name 50 times!
I thought everybody was doing it
In order to facilitate all of these purchases, you will need to use stated income loans. On the loan applications, just say whatever you need to to get the loan. Again, details like interest rates are unimportant. You won't be paying them back anyway.
You'll need to set up all of these home purchases to go through quickly. You've got about a 4 month window of opportunity before your first loans process and the free money faucet gets turned off. Therefore it's important to plan ahead. No need to visit or research the properties. All that matters is the cashback amounts. Check Craigslist or the NRU Investor Concierge service. When you're ready, pull the trigger and start raking it in.
Get more sweet cashback than you intend to keep. You will use the extra sweet cashback to make token payments on the mortgages. This will help keep your activities from drawing attention. Make a few token renovations here and there to maintain the appearance that you intend to sell them. In the example above, you would use $500k of the sweet cashback in this way and pocket the remaining $1 million.
Here's the beauty of this system: if the market rises, you can sell all of the homes for a profit. But even if it goes down, you still made a million bucks!
Multiple streams of passive income
Now max out all of your credit cards and stop paying rent. Take all of your cash and sweet cashback and stash it somewhere. I keep mine in my Blue Ball. Everyone thinks I'm always sitting on it to help my posture, but it's really because I like to keep my money close.
If any of the lenders, your business partners, your mom, or your wife wants to make you sign a contract, SIGN IT! You can always renege on it later. Just do like I do and turn that contract into a non-tract! This is easily done by ignoring it.
At this time, take out numerous high interest loans from "payday loan" type outfits. You may also want to borrow money from friends and relatives. Scam letters are a good way to identify who the most likely suckers are.
After a couple of months of token payments to each loan, stop replying to correspondence or returning calls. Go into lender-ignore mode. Start planning how you will spend your money. Pick a "vacation destination" in the event that you start getting some heat from lenders or law enforcement. If you come under scrutiny, you may need to make some kind of mechanism to spin your story, like a blog or puppet show or something. You're just a dumb kid, right? You were just naive and got in over your head. Heh heh.
If you think the feds may be getting ready to knock on your door, you can always clean out the joint checking account and leave your spouse holding the proverbial manbag.
Jamba Juice every day, Macaroni Grill every night
After the homes are all foreclosed and sufficient time has passed, declare bankruptcy. Live a work-free life off of the money in your magic coffee can. Your credit will be trashed, but after 10 years you'll be back where you started. Rinse, wash, repeat. Folks, it really is that easy. I love America!
See www.foreclosurecode.com for more details and more exciting Casey Serin info products![1]
[edit] References
- ↑ Sneak Peek, comment on EN by "Casey Serin", June 16, 2007.
