Local Rich Dad
From CaseyPedia
Daniel Stephen Haywood (born January 28, 1960) is the Sacramento-area real estate investor who provided office space and mentoring opportunities to Casey Serin in exchange for Casey's IT services. For unknown reasons, Casey refuses to mention this man by name, instead referring to him on IAFF as his "Local Rich Dad".
Casey's association with Haywood was born from his high-school friendship with Haywood's son, Dustin:
- I do have a very good opportunity to mentor under a millionaire real estate investor. I went to high school with a buddy who’s dad made all his money in the last down market in California - back in the 90’s. So he would be perfect to learn from.[1]
Although at first it seemed that Casey would be working his internship by bringing in sweet real-estate deals:
- [R]ich dad is not willing to pay me a salary. I will have to make money by bringing him deals - under his guidance. So my money will come from finders’ fees / assignment frees. He will buy deals from me or help me sell the deals to other investors. [...] I will have to work really hard - harder than at a regular job - but I will get rewarded for the extra work. Just like a salesman or any other self-employed individual - my earnings will be directly proportional to my production - not my title.
It rapidly became apparent that Casey's work for Haywood would be rather more mundane:
- In exchange for free office space I will provide ongoing tech support and help out with the business where needed. My biggest gain is free mentoring from Rich Dad and opportunity to participate in a successful real estate investing business.[2]
Casey no longer has a business relationship with Haywood or his son. It is unclear who terminated the relationship, although Casey has stated that Haywood's organization was unable to provide the mentoring he was expecting:
- I was going to work out of that office to give me a productive environment and to also watch my Rich Dad’s real estate flipping business and learn They told me I can be a “mentor”. Things didn’t work out because they didn’t really have any kind of a mentoring program setup for me (it was mostly all talk) and they have been doing almost no deals because they are waiting for RE market to stabilize.[3]
Haterz originally speculated that the Local Rich Dad's name was Paul Prestwich, of Secure Tomorrow Asset Protection -- Casey denied this allegation, stating that Prestwich was the previous tenant of Local Rich Dad's office building:
- Paul Prestwich is NOT the local rich dad. His company Tomorrow Asset Protection is the previous tenant and/or owner of that office building. Local rich dad bought that building not too long ago.
Unbelievably, habitual liar Casey seems to have been telling the truth. Haywood's identity was only discovered through a chain of links starting with his son's MySpace page.
[edit] References
- ↑ Need Stable Income... Get a Job?, IAFF, October 16th 2006
- ↑ Nine to Five at my Rich Dad's Office, IAFF, October 22nd 2006
- ↑ Brainstorming in Lake Tahoe, IAFF, comment on May 2nd 2007 at 10:38 pm
