[quote=svelte]Probably not who you’re talking about, but there was that kid (early 20s?) from Sacramento who drank the kool aid and bought rentals all over the country. I don’t think he owned more than 10 but it ended very poorly…if I’m not mistaken he used no-doc loans to get them. He started the website “iamfacingforeclosure” and when all the properties were gone he changed his name and went into real estate. His original name was Casey Serin.
That’s not it. The kid I am talking about is Japanese-American. He was around 15-16. On the cover of his book he’s looking smart in a dark suit.
The reason I brought him up is I remember I got a good chuckle when I read an article about him and his book. You didn’t have to be a genius to make money with semi-conductors and then with the telecoms and .com that followed. I was trying to draw the parallel between the stock picking “geniuses” during the tech-boom/dotcom to today’s robinhood crowd. It won’t end well for them.
