Atm Deals Contest

Drumroll Please….the winner of the Name My ATM Course contest is…..

Boy did Kathy and I have our work cut out for us last night. We took all of the entries and sat at the kitchen table and went over each and every one of them. It wasn’t easy but we finally narrowed down 1 winner.

I am pleased to announce the winner of the Name My ATM Course….drumroll………

Congrats Dave Springer!!!!!!!!!!

Dave’s entry was The ATM Money Making Blueprint. We didn’t use the name 100% but we did take it, run with it and tweak it.

So now the official name of my upcoming ATM course is:

ATM Business Blueprint: Your Guide To A Profitable ATM Business That Provides a Lifetime of Passive Income

Thank you again Dave for your entry and thank you to everyone for your creative ideas!

And a very big shout out to Shae Bynes from Good Faith Investing for helping us with our sub-title! Thanks Shae, you rock girl!

I’ll be posting a video soon that will be the first in a series of videos….stay tuned! Have a great night everyone!

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Atm Deals Joint Ventures

What Would You Do?

So I’m in the midst of a little situation that to put it really gently is pissing me off 🙂

Kathy and I started in the ATM business partnering on 2 ATMs with a guy who has been in the ATM biz for a while. We partnered with him to learn the ATM business. So in a nutshell we gave up 50% of our profits on our 1st 2 machines in order to a) learn the ATM business from someone who is experienced and b) get into our first 2 ATMs for less money then it would have cost if we were doing it on our own (because the partner pays more up front for the ATMs.)

Now, I want to apologize up front because this may be a long post but I need to vent and I would like your honest opinion. This guy I knew from real estate. He was heavily involved in the investors group that I use to belong to, as a matter of fact he was the past president of the group. So it was a guy I trusted (btw, I use his leases for my rental properties.)

Notice, I’m not mentioning his name but I’m sure you can figure it out.

Anywho, we decided to partner with him. He told us in the beginning that it’d be a 60/40 split for the machine (we pay the 40 because we’ll be filling with our cash and we pay the monthly phone fee.) No problem. We are learning the business and it’s the cost of business I am OK with this type of partnership and I offer this partnership agreement with other folks that want to learn the business.

Big difference though between he and I? I have INTEGRITY!

You see he said the price of the machine is $3,000 so our 40% is $1200. Ok no problem. Turns out the machines were USED, not NEW. The NEW price was $3,000. Turns out, he had the machine in a bar for a while then took it out and had it in his garage and then decides to partner with us on it.

Yes, you are right, if you are thinking that I should have done more due diligence up front. Yes I should have…and I’m not disputing that fact.

Anyway, we’ve lived with it for a while but now we decided that we wanted to buy him out of 1 of the machines. So we went back to the contract and contacted him. Wellll Mr. Integrity quotes us a price of a buy out that is 11+ times what it should be based on the contract.

He said “Oh I forgot to add this in the contract, so this is how we figure it out.” lol Of course, I explained to him, VERY NICELY mind you that that is not how contracts work, you don’t try to add shit to them after the fact because you screwed up.

I told him that I understand he won’t accept the buy out price that is calculated based on the contract so let’s figure out a mutually agreeable price. Truth is, I just want to be done with this jerk!

Of course, we’ve been going back and forth for a week now because people with no integrity have no idea that what they are doing is wrong and they think they are 100% right and within their right to think so.

Btw, I even told him that we know it was a used machine and he was basing our partnership off of new pricing….he admitted to all of that, but still…doesn’t think he did anything wrong. He wants to keep telling me what he paid for the machine.

So I told Mr. Real Estate/ATM expert that just like in Real Estate…where a buyer doesn’t care what you paid for the house, I don’t care what you paid for the ATM when it was new. It’s not new anymore and it certainly wasn’t new when we bought it.

I could go on and on and I have to tell you, for any of you that know me well……I have been VERY good in my emails back and forth to him. Very respectful and professional, but that’s about to end very soon.

Sooo n ow I ask..what would you do?

Would you continue to try to negotiate with this clown knowing that you are ultimately losing money on this deal because you overpaid for the machine in the first place? This option at least ends 1 partnership with him.


Would you keep the machine and the partnership knowing that a) he’s getting paid 50% every month and b) knowing that it doesn’t make good money and we really want to put it somewhere else….we’ve left it there this long because we knew we wanted to try to buy him out. And the buy out calculations are based on # of transactions the ATM does at a location.


Do you……(fill in the blank.)

Sorry for the rant…I generally try to be pretty positive and I’m very grateful that I learned the ATM business because of these 2 partnerships but I have a limit with people who lack integrity and I’ve pretty much reached my limit with this guy.


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Atm Deals Contest Internet Businesses Networking Passive Income Property Managers

Thank You for All of the ATM Course Contest Entries

Thank you all so much for all of your entries to the Name My ATM Course contest. I received them all, including the last minute email ones on Friday 😉

I knew I was asking the right crowd to help name the course. You all definitely had your creative juices flowing that’s for sure!

Kathy and I will be going over the ATM course name entries this weekend…so be on the lookout soon to see if you are the winner!

By the way, I’ve been a lil M.I.A. lately because I’ve been busy shooting videos and working on getting the ATM course together for you guys. I promise once this is all finished up that we’ll be back to normal around here!

P.S. On the ATM Placement front, Kathy and I installed a new ATM in a gas station on Thursday and we just received the paperwork on Thursday from our newest private money lender. Both of these things that transpired were by referral. So remember what I told you folks….OPEN YOUR MOUTH and tell people what you do!

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Atm Deals Contest

Entries thus far for the ATM Course…

We have had quite a bit of entries so far for the Name My ATM Course contest. Of course, if I pick your name for my upcoming ATM course than you will win the course!

Here are the entries thus far:

ATMs – Don’t Take It, Make It
Passive Riches with ATMs
From Goin’ Flippin’ Crazy to Gettin’ Flippin’ Rich: Building Wealth with ATMs
Automatic Money Mayhem
Automatic Cash Cow
Passive Cash Cow
Passive Teller Moolah
Sit on Your Ass and Make More Cash
Automatic Cashflow
Passive Money Machine Madness
Automatic Money Flipper
Flipping Money
Passive ATM Madness
Retire on ATM Cashflow
Retire on Automatic Teller Money (ATM)
Cashflow Money Machine
Money Machine Moolah
Dividends with No Ends
You Can Do It (I think that was an entry? 🙂
CK’s Untapped ATM Riches
Cha Ching Cashflow
ATM – Access The Money
You’ll Flip For Money
Carey’s Complete Cashflow Course
The Perfect Passive Income Course
Massive Passive
You’re a Money Machine Course
License to Print Money Course
ATMs = An Avalanche of Passive Income
Making Money the Easy Way with ATM’s
The ATM Money Making Blueprint
Phat Cash with ATM’s
The ABC’s of ATM’s
Living Large with ATM’s

Lots and lots of great ideas ladies and gentlemen. Keep ’em coming….you have until Friday, December 10th at 5pm (EST.) Good luck everyone!

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Atm Deals Contest Free Downloads Passive Income

Name My Upcoming ATM Course and Win It!

Ok guys here’s another chance for you to win my upcoming ATM Passive Income Course. If you can help me name this upcoming course you will win the course! Check out the video for more details! Good luck!

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Atm Deals Random Ramblings

A New Look for Thanksgiving!

happy thanksgiving

First and foremost I want to say Gobble, Gobble! Btw, that’s Happy Thanksgiving in turkey language. (Bet ya’ll didn’t know that did you?) I hope you all have a wonderful, safe and happy Thanksgiving with family, friends or if you choose to just by yourself!

Ok, so as you can probably tell I have a different outfit on today (not really clothes silly…..I mean I changed the look of the blog!)

Please bare with me while I try to figure everything out. I’m not the most tech savvy person but I usually can get by (just slowly!)

I’ve been working hard on the ATM Passive Income course and actually, our ATM business itself is really, really kicking butt…so it’s keeping me on my toes. (Remember, if you didn’t sign up for your free report: “Top 5 Ways to Buy ATMs with No Money” you can do so by filling out the form below!)

That reminds me……I’ll be announcing a contest soon and what will I be giving away? Welllll, if you happen to be the lucky winner you will be winning my Complete ATM Passive Income Course! How about them apples?

Ok I just wanted to check in folks to let you know why my blog may look a lil weird…..I’m going to get back to tinkering with it.

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Atm Deals Joint Ventures Networking Passive Income Private Lenders

2 New ATM Sites and New Potential Private Money Lender

goin flippin crazy with passive income

Man do we have a lot going on. We’ve really been Goin’ Flippin’ Crazy! 2 New ATM sites, a new potential private money lender and I don’t know if I mentioned it yet, but I decided to fix up my rental and sell it instead of renting it out again.

Kathy and I will be finished painting it this weekend and then next week we’ll be having carpet installed.

Ok so we installed the ATM in a roller rink last friday. That’s the machine we’re partnering with someone. Remember, it’s his 1st ATM deal and we’re showing him how to do things.

Plus, we ordered the machine for the gas station that my best friend referred us to. So we should be installing that machine before the end of this month.

And remember our private money lender that loaned us the money on our 2 cash only ice cream stores? Where they used their self-directed IRA to do so? Well they just referred me to a friend of theirs who has their own self-directed IRA who may want to get into the ATM business as well from a private money standpoint and perhaps even from an ATM business owner standpoint at some time in the future.

Pretty cool, huh? So as I’m sure you heard me say before in my posts and in some of my videos just make sure you ALWAYS do what you say you’re gonna do, pay the people who lend you money when you agree to and be easy to do business with and people will refer you business!

No matter what business you’re in…it’s really a people business! Even when we’re dealing with ATMs. There’s no tenants or toilets involved with our ATMs…they are just machines, but guess what? Prior to getting the ok to place that machine in the location….we were involved 100% in the people business! We have to interact with the business owner and get them to like us, trust us and want to do business with us.

Even after the ok….we still are in the people business when dealing with the business owners. We talk to them, inquire about business and really just care about them and their business.

And believe it or not, even if you operate websites from your home, you’re still in the people business. Because you want PEOPLE to read your website, right?

That’s the last thought I’d like to leave you with today….make it easy for folks to want to do business with you!

P.S. Woohoooo! Our router is fixed and I’m back online at home!

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Atm Deals Free/Low Cost Marketing Methods Joint Ventures Passive Income

Open Your Mouth!

I wanted to tell you all to remember to OPEN YOUR MOUTH AND SPEAK!

open your mouth about what you do for business

What am I talking about? I mean open your mouth and tell people about what you do! It’s such a simple concept yet a lot of folks just don’t do it. Why?

Maybe….they are embarrassed because they haven’t been 100% successful in their endeavor so they don’t talk it about that much.

….maybe they think that other people at their jobs will think they are cccccrazy (like a fox?)

….maybe they think their family and/or friends will think they are crazy, stupid, a failure or [insert whatever you want here.]

So please folks start telling people what you do. Maybe you’re like me and you work a Full-time gig (fyi I’m getting REALLLLY sick and tired of it lol) and you also do real estate investing (wholesaling? rehabbing? etc) and perhaps you have another side passive income biz (atms? ebooks? etc.) Well don’t be afraid to tell folks about your real estate investing and passive income gigs just because you have a full-time job!

Will some folks not take your seriously because you have a full-time gig (and they are secretly thinking well why don’t you do the other things full-time?) Sure….but who cares? Move on to the folks that will listen.

Btw, I decided to write this post because I got a phone call last friday morning from a gentleman. The call went like this:

Me: Hi I just missed your call and you didn’t leave a message.

Him: Oh yeah, I was referred to you by Donna P. <----my best friend. I have the gas station over at blah blah blah and I was interested in talking about an ATM. Me: Are you available today at noon? Him: Yes. Me: Ok, what is your name? Him: Mark. Me: Ok Mark I will see you then!

I met with him (as Kathy was in the car on a conference call for “work”) and he agreed to have a machine placed in his gas station. So this Friday, I am headed there to get him to sign our contract and then we’ll work on getting a machine for his place.

Oh and this Friday also, we are placing an atm in a new business as well. This is a partnership deal. We are partnering on this deal with a gentleman who is just starting in the atm biz. We’ll show him how to do this one (and a couple more if he wants) and then he can be off and running on his own! (If you haven’t already signed up for your free report on buying ATMs with No Money! Sign up below today and you’ll also be notified when my ATM Passive Income Course comes out!)

We’ve definitely got a lot happening in the ATM world and things are moving along awesomely (is that even a word?) Now we gotta really get cracking on multi’s.

Talk to ya’ll soon. Sorry I haven’t posted much, our internet service is not working at the house…grrrr they are coming out Monday to hopefully fix it!

P.S. It’s official! My self-directed ROTH Ira is ready to rock and roll. Now I just have to find something to invest in 🙂 Any ideas folks?

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Atm Deals Private Lenders Random Ramblings

I did it finally! Self-Directed IRA

I did it finally! I rolled over my IRA to a Self-Directed IRA with Equity Trust. My accountants only been telling me to rollover to a ROTH for a billion years now. Now I just transferred to Equity Trust but after this goes through then I will rollover to a ROTH. (If you roll over a traditional IRA to a Roth IRA before the end of this year you get to break it up into 2 years worth of paying the taxes on it.)

Thank you to Matt from Equity Trust for being on my behind and finally getting me today on my lunch break so I could do all of the paperwork.

If you have an IRA or 401K and haven’t looked into putting your money into a self-directed IRA perhaps you should take a moment to look over Equity Trusts website and you can call my guy Matt Tillac if you’d like to ask him questions.

Benefits of you rolling over your money to a self-directed IRA? Well you have total control over your investments and what I mean by that is that if you want to purchase a piece of real estate with your IRA, you can.

If you want to buy ATMs with your IRA, you can.

If you want to lend someone else money from your IRA so they can buy real estate and you can be the bank, you can.

If you want to lend someone else money from your IRA so they can buy ATMs and you can be the bank, you can.

If you want to lend someone else money from your IRA so they can (fill in the blank with ACCEPTABLE investments) and you can be the bank or enter into some kind of partnership with them, you can.

I know someone personally who is using their Self-Directed IRA to lend people money for their real estate deals. Also, if you’ve read my blog before you know that the person who lent us money for our last 2 ATMs used their Self-Directed IRA to do so.

So if you’ve thought about it or if you’ve never even heard about it…do yourself a favor and investigate the option today. You don’t have to do it, but you’d be doing yourself a dis-service if you didn’t at least educate yourself about the option that’s available to you.

Btw, the link I supplied above from Equity Trust is NOT an affiliate link. I do not get paid any fee or commission if you do business with them 🙂

Oh and if you have thought about getting started in the ATM business or growing your current ATM business and you don’t have cash on hand but you do have an IRA or 401k….this is definitely something you should research.

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Atm Deals Passive Income Private Lenders Videos

ATMs and Private Money aka Buy ATMs with No Money

In this vidoe I talk briefly about how you can use Private Money to start your ATM business or to help grow it. With Private Money at your disposal you can literally buy atms with no money! Check it out:

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