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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 Networking

If you’re not networking you are losing money



Folks, seriously, if you are not networking you are losing money! Obviously, I don’t mean that you’re losing money that you already have, but I do mean wholeheartedly that you are without a doubt losing money that you COULD have, but never will because you’re not networking!

I wanted to make this post sooner but I’ve been under the weather plus I wanted to put a video up first, but I’ve been having flip camera issues (I hate upgrading when the tell you to for this reason!)

Let me share with you the reason for this post. Last month, I had 3 networking appointments made with folks that either I knew personally from my past or that I met from the internet world. 2 of those appointments held up…the other one I’m going to have to re-schedule (she cancelled on me.)

Now what happened at these networking appointments? Well I’m glad you asked….I’ll share what happened with you now.



The first meeting I had with someone from the internet world. Dave Jacobs over at Llenrock Group agreed to meet with me to talk about commercial real estate. Well needless to say Dave and I hit it off! In our conversations though he asked me about ATMs since he’s read about that on my blog. Of course I told him about our ATM business and I even told him about how we just got a private lender for our ATM business and how that lender is using their self-directed IRA to invest with us.

Dave said “Hold on, hold on. Back up. What do you mean they are using their IRA?” So, I explained the whole truly self-directed IRA thang with Equity Trust and folks, etc. He then said “I have an IRA, I want to do that.” Dave and I spoke in great detail about partnering on his 1st couple of deals and now we’re just waiting on him to find some places to place machines.

2nd meeting was with a wholesaler buddy who I think we originally met in the internet world. We met specifically to talk about the ATM business. He was expecting a nice check for a wholesale deal that day and he wanted to partner on an ATM deal with some of the money. (Congrats! Btw, if you are reading Shannon as we now know that deal went through and you had a nice payday!)

Anyway, we worked out the details of the partnership and I’ve since sent him the paperwork for our partnership agreement and the paperwork for the business that he already secured! for the ATM.

Does it all make sense now? I mean why I said if you’re not networking that your are losing money! Get out there and network folks………I have very limited time now that I’m working full-time but I make it happen with the available time that I have. You can do it too! Make it a point to try to meet with maybe 1 person a week? or maybe 2 a month? or something…..anything.

By the way, Kathy’s been working it too. Tonight we have a meeting with Brandon (her 18 yr. old sons) best friends’ mom and her roommate. They want to talk about partnering on ATMs. However, we’re also going to talk about commercial deals with them too, because the roommate is a commercial real estate investor.

Network, network network. Learn to love that word….it’ll keep your pockets filled with moolah.

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Finding Apartment Buildings Free/Low Cost Marketing Methods Multi-Units/Apartment Buildings Networking Property Managers

Why You Should Network with Property Managers



apartment property managers

When you’re looking for multi-family properties to buy just like when you’re looking for single family houses to buy or sell it’s super important to network.

You may remember when I went to the Greater Philadelphia Apartment Associations Trade Show a few months back. While there I met a super nice lady who actually hires folks for property management companies. I advised her that I’m looking for a property management company to work with and that I’m actually not a property manager looking for more employees.




This lady, Valerie, took my card and advised me that she knows a perfect property manager to work with and that she’d tell her about me. I thanked her. The next day I got an email from Valerie saying she gave my contact information to Mary and I also received an email from Mary, the property manager.

Now on to why you should network with property managers:

1) They know the areas. They know and understand which areas most folks are buying in, which area most folks are avoiding and which areas are up and coming. (Think this type of information is valuable?)

2) They know rental values in the area. They know which areas the rents are raising, which area the rents are being lowered, which areas rents are stabilized, etc. (Do you think you’d like to know this type of data when getting into multi-units and perhaps when getting into a new market?)

3) They have good contacts. They know great brokers to work with, they know great attorneys to work with, they know great contractors, and the list goes on and on. They KNOW people that can be important to your business!

4) They know costs. They know how much typical expenses will run for particular types of properties. (More information that would be helpful?)

5) They may send you deals. This is the reason I decided to write this post. I spoke to Mary in great length after receiving her email and we spoke a few times. After building some rapport with Mary I asked her to please let me know if any of her clients are looking to sell or if she hears of anyone that’s looking to sell. She said no problem. Then lo and behold just last week Mary send me an email telling me that this particular property is for sale and that she thought she’d send it to me to take a look at it! How about that folks? Now grant it, that property may not be a great deal, but that’s not the point. The point is Mary thought of me and sent me the information about an apartment building for sale. So if she did it once, don’t you think she’ll do it again the next time she hears of a place for sale? I certainly do. That is huge! I immediately emailed Mary and thanked her. Perhaps I should send her a lil thank you as well……what you think? I think that would be a good idea.

Can you see why one of the key people that you should definitely be networking with are property managers? They could be one of the most useful contacts you make in a day.

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Multi-Units/Apartment Buildings Private Lenders Random Ramblings

First and Last Day on the new J-O-B



Yep, you read the post title correctly: yesterday was my first and last day on the job as a brand spanking new bill collector! lol Mhm, if yesterday wasn’t my first and last day I would have become the person everyone ignores and hates to hear on the phone!

I started yesterday morning at 8am. (Woke up at 6am OMG!!!) It was just training….can you say “yawn?” zzzzzzzzzzzzzzzzzzzzz

Anyway, at about 12:30pm I get a call from BMW telling congrats and they’d like me to come on board starting soon and they’ll email me the details.

hehehe This was the internet sales coordinator job, one of the two jobs that I would have been ok with having (still haven’t even interviewed with BOA yet.) So I get the email, read all of the details about pay, bonuses, commissions, etc. and then call the collection job and tell them I’m not coming back.

Starting on Monday, June 21st I’ll be a new employee of:

bmw

And I’m ok with it. Monday I’ll find out my official schedule (as the General Manager wants to sit down with me and the other dude he hired too so we can see if we can work out our schedules amongst one another.) After that, I’m off to the races with working around it and buying a multi-unit.




Chris was right, it feels much better to know that the main bills will be paid, makes it much easier to be able to negotiate deals properly as I won’t appear desperate. Btw, don’t think I haven’t been doing nothing this whole time in regards to multis…because I have….a new post is coming up as well. Networking really does pay off folks.

Soooo is anyone in the market for a new beamer or what? lmao Just kiddin…..well not really!

P.S. Ya think I can find some private money walking in the BMW door? I think that’s possible. I mean if you have $124k to spend on a new 7 series I think you probably have some extra cash to be a private investor for yours truly, right?

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Commercial Real Estate Brokers Debt Direct Marketing Campaign Educational Seminars Finding Apartment Buildings Free/Low Cost Marketing Methods Multi-Units/Apartment Buildings Networking Passive Income Private Lenders Random Ramblings Short Sale Deals

A lot happening – networking is king – a job, maybe?



I have a lot happening lately, which is good, of course, but unfortunately I haven’t closed on an apartment building deal yet. Patience I know…and I have found out they may take a wee bit longer then your typical single family deal.

I’m being a tad bit impatient though because I really don’t want to have to get a j-o-b! Know what I mean? I will though if I have to…I mean if it’s necessary to help take care of my family while I do the apartment thing on the side then it’s ok. That’s not the worse position to be in (it may seem like it because I’m not your “normal” type of job person…..but it would only be temporary.)

You might say “well why don’t you wholesale while working on apartments?” And I’d say that’s a fine idea, but realistically to be successful at wholesaling you’re busting your ass and networking and marketing and doing all of the things that I honestly, want to spend my time doing with apartment buildings.

Sometimes I have that conversation with my self and it makes sense and other times it doesn’t. But the big key is, just because you have a deal under contract when wholesaling does NOT mean you’re necessarily going to bring money in (deal could fall through for a number of reasons, etc.) And if that happens, well that doesn’t do the whole family bank account much good 🙂

Trust me, I am not dissing wholesaling in any way shape or form. I made some decent money as a wholesaler but I also remember that to make that decent money I worked my ass off. Not that I’m afraid to work my ass off anymore but I want it to be focused on apartment buildings. The goal: to accumulate enough apartment buildings that throw off enough passive income for me to live off of and for Kathy to live off of and quit her full-time gig (Remember my F R E E D O M post? That’s what it’s all about. ) Passive income does not happen from wholesaling.




So my idea was to get a silly j-o-b that I would just go and do my time (like a prison sentence, right? lol) and have normal set hours so therefore I could manage all of my apartment buildings activities around those set hours. And at least I’ll get a lil bit of money coming in regardless (that is probably until my ass gets fired lol because I spend too much time on real estate hehehe)

If anyone sees a flaw in my thinking please let me know. My debt, folks, is really pissing me off and really determining all of the moves I make. I don’t know if you remember, but I “borrowed” enough money to live off of for 3 months in hopes that we’d get an apartment deal by then……..well I’m tired of paying nearly the minimum on my debt and I’m tired of being broke all of the time. I know a j-o-b is not my end goal, but I think I may be considering it a stepping stone to at least allow me to put a crap-load more money towards paying off my debt while I work towards my passive income goals.

Btw, yes the atm’s are kicking it, even the new one….but still, doesn’t throw off quite enough for me to live off of completely yet.

That’s the bad news, but now for the good news. I’ve been a networking fool lately. At toastmasters, whenever I meet folks and definitely at that tradeshow I went to last week. I think I may have found myself a new private money lender at the tradeshow (we’ll see,) I found an awesome contact who referred me to a property manager and the property manager was fantabulous and she referred me to 2 commercial brokers and told me she’d keep me informed of any properties that she hears coming on the market.

A lady at karate last week saw my WE BUY HOUSES lettering on the back of my car and asked for my card. She called me last night. We spoke. They owe more than their house is worth….I told her I could probably make her an offer and do a shortsale but she’d walk away with nada. She understood and said she’d talk to me in the future when they saved enough money to move out. In the meantime, she tells me about a 12 unit apartment complex near us that she’d like to move back into because the rent was dirt cheap. She tells me that the landlord tried to sell the complex before but the deal fell through. The owner since moved into a retirement community. Of course, I talked to her about that complex and she said she’d get the info for the owner (since her mom still rents from her) and give it to me so I can call her, plus she’d pass my info along to the owner as well. Fingers crossed!

Toastmasters meeting tonite again and I’m bringing Kathy with me aka dragging her kicking and screaming with me! Afterwards, we’re going to drive by 2 properties; a 6 unit and a 12 unit that aren’t far from there. If we have some interest in the neighborhood, which I’m sure we will, we’ll make appointments with the brokers and put in LOI’s.

Friday, we have a 3:30pm appointment at Starbucks with a broker I met at the tradeshow. He knows of a 45 unit property that will be coming on the market sometime soon in our area. And I know, I don’t drink coffee…lol but I like Starbucks’ banana nut bread and their strawberry banana smoothies. Yum.

Saturday, I still have to confirm, but may be seeing a 4 unit property. Monday have an appointment to see a 2 unit property. These are all smaller than I’m really interested, but I don’t think it hurts to practice. These gave from my mailings.

Just got another fax back form from my mailings of a lady that has a 10 unit. We’ve been playing phone tag tho. Sent out 255 pieces, 9 came back undeliverable and we got 5 responses so far; 3 by phone and 2 by fax back form. Just over 2% response rate. Not as good as the last piece we did.

Tomorrow we are going to a Chamber of Commerce mixer to see what we can make happen. It’s $10 for non-members. We still don’t know which chamber to join yet. So we’re just going to the free events and any of the cheaper events for non-members.

And today, I’m going to have Kathy call our next potential private money lenders to set up a lunch appointment with them tomorrow or Friday (those were the folks who were excited to do real estate deals with us but went on vacation.)

Soooo things are definitely moving along, but I don’t foresee an apartment deal by next month, so that’s why I mention the j-o-b thang.

Over and out for now.

P.S. If you haven’t check it out yet, do me a favor and check out my shorter private money pitch and tell me what ya think!

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Commercial Real Estate Brokers Educational Seminars Makin' Offers Multi-Units/Apartment Buildings Networking

Networking, Toastmasters, Private Money & Offers



Attending Dave Lindahl’s Private Money/Syndication Bootcamp has really made me realize how super important networking is. It was actually one of the speakers there that really made it sink in. His name is Joel Brough. I first was introduced to Joel at round table discussions that Dave had. Joel was speaking about Property Management. He gave some awesome information about how to network with property management companies to get information from them and to then get information from other folks.

Joel then came up on the last day of the Bootcamp to talk about networking (grant it, he was trying to sell some software that apparently he and Dave created) but the reality was a lot of stuff he was saying made sense. A lot of times we network with folks at perhaps REIA meetings or seminars and bootcamps and we collect tons of business cards but we don’t stay in touch with folks. Sometimes we may not even make contact again after getting their initial business card. Well that was wasted networking efforts. Why put the time in to get the business cards if you aren’t going to take advantage of them?

Anyway, he says not to go to these events with business cards. He says “it’s not about you! It’s about them!” He says to have your “elevator speech” ready to give to folks but don’t hand them a business card, just get there business card. Then come home and put them in your database and stay in constant contact with them, etc. Obviously he went into more detail but you get the gist of it, I’m sure. I really liked Joel.

So now I’m totally excited to network. Dave and others gave us great ideas and examples for our elevator speeches and I’ve been practicing mine since Friday night. I’m ready to use it on everyone. And who knows…perhaps I’ll get a bunch of
private money commitments!




I am going to a my first ever Toastmasters meeting next week. Not because I am afraid to speak in public, cuz I’m not, but I’m sure I can learn some great techniques there, but I’m going because it’s a networking opportunity and this particular chapter meets at a country club hehehe so hopefully there is money there that I can eventually tap in to.

Kathy and I will begin to meet with a few folks that we know for a fact have money and have even spoke to us about either investing with us in regards to the money angle or investing with us in regards to buying properties (this guy we’re going to try to convert to a private money lender tho.) Plus, after I get my speech and presentation really down good….I’m going to meet with a high school friend’s father who I know has money and I know knows lots of folks with money.

As far as offers go, we still just have that one out there and after re-doing the numbers…as long as we use equity investors and not debt investors, I think our initial offer of $900k to $925k is good! (I thought I screwed something up with the numbers and was suppose to offer $750k to 800k!)

Kathy is meeting with a commercial broker in Odessa, Texas today and I also set up a meeting for her to meet a woman at the Economic Development Committee. She’s there for work so I figured I’d put her to work for us too! The Odessa/Midland area is an emerging market that we’re targeting for now.

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Networking Random Ramblings

A Wealthy Meeting

I’m sitting here this morning drinking a glass of kiwi apple juice (that I just juiced myself by the way mmmmm) and I’m super excited.

When I was in high school I had a friend named Meredith, actually she was still my friend after high school and was still my friend up until she passed away this summer (R.I.P. Meredith!) and Meredith has very, very wealthy parents. Her father came her from Latvia and started a business and has been working his ass off ever since. They have a few HUGE houses, tons of nice cars, belong to fantastic country clubs and of course live a life that many in the world can only dream of.

While in high school I often wondered why Meredith never spoke to her father about business and about how to be successful and make tons of money. Well Pete, that’s her father’s name, and I have always gotten along. He’s a sweetheart. He and I got to talking at the what’s it called? The get together after a funeral? And I asked him if we could do lunch sometime. He of course agreed as he’s a doll anyway.

I just didn’t feel right calling him right away, ya know? For obvious reasons. So I called him yesterday to see if we could meet for lunch next week and he called me back this morning. We are going to meet next week sometime for lunch, he’s going to check his schedule on Monday and then let me know which day works best for him.

This meeting is longgggggggg overdue. I’ve been procrastinating long enough….seriously I should have asked to sit down with him yearsss ago, but I just chickened out I guess. I don’t know why? Guess I didn’t know what to say, what to ask, if he’d meet with me (although in my heart I knew he’d meet with me if I just asked.)

So now I have a very, very wealthy business man who knows other very wealthy business people who is willing to sit down with me and let me pick his brain. I’m writing some questions I want to ask him and was wondering if you guys and gals had any ideas on what types of things to ask him.

Here are some of my ideas thus far:

  • What do you think helped most to make you so successful? (Some of these I already know the answer to but I think they’re good to get the ball rolling, ya know?)
  • How did you first get started in your business?
  • What kind of advice can you give business wise or personal wise to someone that wants to develop a successful business like yours?
  • What kind of investments do you invest in with your profits to make your wealth continue to grow more?
  • I’m gonna ask him about private lending for him or others he knows, but I’m not sure how to approach that yet….I may not do that on this first meeting, what do you all think?
  • Can you think of anything else? I’m sure I’ll come up with more but if there is anything you guys want to know personally from someone who is super successful please let me know….or if you just have some good ideas that I haven’t though of yet to ask, pleaseeee by all means let me know.

    Btw, Pete is not in the real estate business (I mean I’m sure he has real estate investments but that’s not his business) his business is construction. He’s got a roofing and construction company.

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