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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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Passive Income Random Ramblings

Meeting with another strip club!



Woohooo! Tonight we’re meeting with another strip club to hopefully put our atm in there. We met with the guy a few months ago but he said he has a contract until the end of the year with someone and to call him towards the end of December. I need our machine placed NOW so I called him tonight. He agreed to meet with us tonight so I said “Honey, we’re going to meet with Will at the strip club so ummmmm” and she chimed in “Go put on a slutty outfit?” I said, “Exactly!” 🙂



My babydoll is so supportive of our atm business don’t ya think? I called another strip club but the dude was rude..that’s why I prefer to do business in person. Kinda harder to be rude to folks in person vs. the phone, plus if he would see my babydoll he definitely wouldn’t be rude. Some people think we’re nuts I just call it using smart business tactics.

Wish us luck! I’d really love to get this machine placed by Christmas.

Flippin’ Carey

P.S. It’s very tough to get into a strip club because 99.999999% of them already have atm’s. Like the one tonite, they already have one. But my goal is to hit up every strip club within the tri-state region and see if we can convince them to switch to us 🙂

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Passive Income Random Ramblings

Atm meeting today!



Well I made some calls yesterday and I secured a meeting with a local pizza shop. We’re meeting today at 2pm to go over why they should let me (us) put our atm there. 🙂

My new broker, Vince, actually referred me to this place. I called him the other day as a buddy of mine was looking to talk to him and potentially join his company so I was just following up to see if he spoke to him. In the meantime, he asked if I ever got in touch with the folks he referred me too about the atm. I said that I spoke to one place and they told me they had an atm for a year now but just haven’t put it in. Then he said ok well what about this place. And he gave me the owners names and he told me he even told them about me already and that I’d be contacting them soon.



I like this guy lol Anyway, meeting is set for 2pm. Hopefully, they say yes because we’re paying monthly for a modem that has no machine attached to it! I mean it’s only 20 bucks, but it’s 20 bucks that should be profit!! Know what I mean? You live and you learn.

A couple lessons I learned about the ATM business so far:

1) Don’t buy a machine BEFORE you have a place to put it, yes even if the machines are on sale and it’s an awesome deal for them!

2) If you don’t listen to rule #1, then don’t get your modem activated until after you find a place to put the ATM.

The other places I followed up with were either a) not interested or b) they are still trying to speak to the owner about it. I get that a lot when visiting hotels, but usually I can get to the GM who can make a decision or get to the owner a lot faster.

Flippin’ Carey

P.S. If you’re wondering about how much we make from our atm’s I’ll tell you. Last month it was $802 on 4 machines. So they average about $200 / mo. Most machines only have about $1000 to $1500 cash in them and if you’re making $200 / month on that cash….who wants to figure out the return on that money in the machine? Btw, each machine doesn’t do $200 / mo. The chinese place does about $480 a month (that’s a 50/50 split deal tho) and the strip club does about $440 a month (no partnership splits there.) The other 2 places are anywhere from $80 to $120 per month each. So we figure the strip club and the chinese place are actually going to pay off ALL of our machines for us.

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Random Ramblings

Lil bummed today

So I’m a lil bit bummed today. Not feeling too great in the first place…not sick…just crampy. But I’m not letting it stop my taking action. For some reason, now in my life I’m very in tune with the fact that THOUGHTS lead to FEELINGS which lead to ACTION.

Anyway, the major reason I’m bummed is Kathy got offered a job today. That’s not a bad thing…that’s a wonderful thing because I know it makes her feel happy and safe and comfortable, etc. But this job requires a lot of traveling. It’s the same type of work she did before, she’s a Senior Clinical Research Analyst for Pharmaceutical companies, but at this company more traveling is required. I don’t think it’s gonna be constant traveling but I’ll hardly see her the entire month of December and January.

And on top of that, I have to play full-time mommy when the kids are here and she’s traveling (grant it that’s every day for Brandon cuz he only lives with us, but every other week for Joe.) Getting Joe up for school, getting him breakfast, checking homework, studying, making dinner and everything else in the world that mom’s and women do (and a lot of dads) that we sometimes don’t really pay that much attention to. Btw, I never had any desire to have kids, personally. However, I always seemed to date women with children…..Kathy’s the first one I’ve actually lived with. So the whole kid thing is 100% NEW to me and my world. There’s no doubt that I’m still adjusting to them and them to me (after 1.5 yrs. of living together) but still it’s a lot different when Kathy is here and I’m just a step-parent vs. her not being here and I’m the sole parent figure. Ya know? Anyway…..

I think I’ll take a lot of positives from it tho….it’ll FORCE me to get up early every day like I wanted too (you hear that Steph…I will probably be able to accomplish that aspect of my list lol) and then after I get up, work out and take Joe to school I can start on real estate at 8am non-stop until about 2:30pm. I can’t do any nite time appointments for Rainbow when Joe is here but I figure I can work on my websites. So I’m gonna try not to be so bummed out by it.

Ok off to fill our strip club atm. 🙂

Flippin’ Carey

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