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ATM Business Multi-Units/Apartment Buildings Passive Income Private Lenders Real Estate Investing

Passive Income Streams are a must

Passive Income Streams are a must

First, I want you to notice that I did say passive income streams…with an s. As in plural. As in not just one passive income stream.

Just wanted to make sure I pointed that out.

Ok so here’s the deal. I’ve spent my entire life growing up and knowing I was different. Knowing that I wanted EVERY DAY to feel like the weekend. That thought led me into the entrepreneurial world of side hustles.

Basically, I kept starting businesses until I found one that worked. In 1999, I realized that real estate investing was going to work.

As I progressed in the real estate world I decided I was more interested in PASSIVE INCOME STREAMS then in active income streams.

You see for me? I wanted to enjoy life NOW. While I was younger, healthier, etc. I didn’t want to have to wait until I was 60, 70, 80 etc. when it was time to retire.

I finally realized that having a j-o-b wasn’t going to get me to where I wanted. Also, working actively in real estate as a flipper, rehabber, wholesaler, etc. wasn’t going to get me there either. Why? Because I always had to be WORKING in order to make money.

I read this quote by T. Harv Eker, author of “Secrets of the Millionaire Mind”, and he said “You become financially free when your passive income exceeds your expenses.”

WOW! That was me. My world shifted after I read that. I stopped wholesaling, stopped flipping, stopped it all. Was only interested in passive income streams. Got set into only wanting rental properties (I had 1 single family rental at the time) but wanted to expand into apartment buildings.

Also, I discovered the world of owning ATM machines. (Yes I know saying machines after ATM is redundant, but it just sounds better that way lol)

The passive income streams that I started to acquire in my life really made a difference in my personal time freedom and in my bank account.

I was blown away by the passive income that came from owning ATM machines. The cool thing was they were a lot like real estate investing. So, it was comfortable for me to really get into the ATM business and accumulating passive income from them. I sometimes can be heard calling my ATM machines my “mini” rental properties without the tenants and toilet hassles! hehehe

I’d like to list for you now all of my passive income streams that I have at this point in my life. Keep in mind they don’t all make a lot of money. Most of them just have money trickle in…..but the 1st one on the list is where I make real decent passive income. The next 2 are decent…the remaining……money trickles in, but it still comes in.

Here is the list of my passive income streams:

1) Passive Income from the ATM Business. I own ATM machines. This business accounts for about 90 to 95% of my passive income.

2) Passive Income from Rental Real Estate. I currently own 1 single family residence. I have it sold on a lease/option basis and when it’s officially gone I will probably never own a single family rental again….just apartment buildings.

3) Passive Income from Online Marketing. I suppose I could really break online marketing down into so many categories but for now I’m going to leave this passive income stream as just online marketing. I own websites like this one and Gay Marriage Guide and ATM Business Blueprint, etc. etc.

I also sell my own products online like my ATM Business Blueprint Success System and my Automatic ATM Profits ebook.

4) Passive Income from Affiliate/Referral Partner Marketing. This could have been put in the online marketing category but I figured I’d leave my own personal sites and others stuff separate. So, I get paid for referring other peoples products or for putting google adsense on my websites or for selling amazon products, etc.

Just a note though: I’m not like a lot of affiliate marketers. What I mean by that is I’ll only refer an affiliates product if I have used it personally or have at least seen it and feel comfortable that it will do what it says it will.

Here’s a site that is mine that I’m a referral partner with: BBW for Dating.

5) Passive Income from Network Marketing. I am involved with Starion Energy. The reason I love them so much and feel they are the best energy company for me to work with is because they have something called a Utility Advocate program. This is a program that allows me to help any business owner that I put my ATM in their location (or any business owner in general all across the U.S.) Basically, as a utility advocate, we (they lol) will go over the business owners utility bills for the past 4 years (for FREE); water, sewer, phone, merchant services, electricity, gas, etc. And if any mistakes were made we will cut the business owner a check. Plus, we’ll keep an eye on their utilities for the next 3 years (and cut them a check every month if they are being over charged.) It’s a good deal. Makes me look good whether I put my ATM in a location or not. And it’s passive income.

6) Passive Income from Profit Sharing. I use to be a Realtor with Keller Williams Realty. I brought quite a few folks into the organization and when I left I was vested in their profit sharing program. So, now one of my passive income streams comes from Keller Williams paying me every month. Pretty cool, huh?

7) Passive Income from being a Private Money Lender. I am also a private money lender. Which means that I have money that I lend out for a certain rate for investments that I’m interested in. I generally use my Self-Directed IRA account to do this. I also, get private money for my ATM business from other folks looking for passive income as a private money lender. (Pretty cool, eh?)

8 ) Passive Income from Miscellaneous. I just put this here just in case I missed any lol Sometimes, I lose track of my passive income streams. Now, I don’t spend much time on all of these passive income streams. It’s really just the first 3 that I concentrate on. But the rest…still keeps coming.

Hope this gives you some ideas about passive income streams and let’s you finally realize that you can choose how to spend your time in your life when you own enough passive income streams.

If you’re interested in the ATM business then go here for some free information so you too can add it to your list of passive income streams in your life.

What are some of your favorite passive income streams that you currently have?

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Categories
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 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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Direct Marketing Campaign Educational Seminars Goals and Planning Kids Makin' Offers Multi-Units/Apartment Buildings Private Lenders

Finding Private Money Lenders



Private Money Lenders and finding them is generally a big deal for most, if not all investors. We all want to know “how do we get the private money lenders?” Right? Because if we have the private money lenders then we have access to cash and we can make more cash offers and get more deals accepted but more importantly with this private money source at our finger tips our confidence is higher as well!

Well Kathy and I were in Boston, Massachusetts last week for a Private Money Lender seminar. We spent all day Wednesday, Thursday and Friday with Dave Lindahl for his Private Money/Syndication Bootcamp. (It was $2997 for those who are wondering.)

Anyway, with the bootcamp we got his private money course in hard format prior to going to the bootcamp. I had read it before getting there and we got new, different materials when we arrived. I’ve been to many real estate seminars before and as always, one of the best parts about the seminars is the networking with like-minded folks. It’s just awesome.




Besides that tho, we were hoping to find some private money lenders at the bootcamp hehehe Didn’t happen yet, but we’re still hopeful that some of the contacts we made may be private money lender worthy lol We learned a great deal at the bootcamp and the big thing there was syndication. Syndicating your deals so you can get paid an acquisition fee from your private money lenders at closing. It was super interesting and confusing as well. There was an SEC (Securities and Exchange Commission) attorney there speaking for a day and a half explaining the rules and regulations. What you can and can’t do, etc.

Overall, I really liked the Private Money/Syndication Bootcamp. At the end we had a strategy session with one of Dave’s coaches (of course they try to sell you the coaching program i.e. $8,000 to $10,000) but we don’t have those funds at this time but the coach spent an hour with us (it was only suppose to be 20 minutes) and gave us a great deal of information and action steps to take.

Kathy and I have been talking about the need for a coach/mentor and we’re thinking of going with a gentleman that was referred to us by someone who I met recently from Scott’s Struggling Investor blog. I plan on giving this fella call and chatting with him a few times to see if he’ll be a good fit for us.

I’m super psyched to hit up some private money lenders….or folks that I feel have the potential for being private money lenders for us. We are still practicing our pitches (I practiced mine while laying in bed last nite, while driving home last nite, while in the shower this morning and while driving to my mom’s this afternoon!) I also practiced it on some lady in a New Jersey Turnpike Service Area bathroom lol I did awful by the way….but better to screw up with her then someone I really don’t want to screw up with, right?

I said to Kathy, “I just practiced on that lady.” She said “I know, I heard you.” I said, “I sucked.” Kathy said “I know, but that’s ok.” lol

We got a lot going on right now. 2nd direct mail campaign is out, already getting calls (no fax backs yet tho) and we’ve got a whole lot of action items to tend to and that verbal offer I made?? Remember?? Well the broker told me that he’s trying to get the seller to see reality and thinks he could get him to my price within 3 to 4 weeks. Yikes I say! Not because I’m scared (well maybe a touch) but because we actually saw the property #1 (which it’s in a C area and is a C property with lots of deferred maintenance) but #2 because I messed up when I was figuring out the numbers and the offer should have been way less 🙂 You live and ya learn right?

Luckily, I called ChrisBuysApartments and asked him what to tell the broker so I don’t sound like a complete idiot. Thanks Chris!

Moving right along…a lot to do and oh yeah, Kathy’s away this entire week and I have the kids. And Joe…oh my gosh, has shit to do all this week…baseball then karate then baseball then karate. I swear the only day he doesn’t have something is Monday. Oh and to top it all off he has a religion project due for school lol Definitely my strong suit, right? (For those that know me, know that’s sarcasm!)

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