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:
I figured I’d throw a lil old school LL Cool J in there today. Have you guessed yet that I’m leaving for California in a few days? Actually, I’m not technically going back as I’ve never been there, but I like LL and since he talks about it in this song, it’s just a fitting video for this post.
Our plane leaves the morning of the 1st. Actually, Kathy and I are on 2 different flights cuz she used her points to pay for our flights and it just worked out on 2 different flights. I do not like to fly at all. I get a nervous feeling in the pit of my stomach. I use to drink right before getting on the plane to help me feel better but I can’t even do that now because I cut out my once in a blue moon drink because alcohol gives me heartburn (and I don’t take anymore heartburn medicine.)
We got a pretty packed schedule out there. On the 1st, later that nite we are meeting a friend and her hubby for dinner and we are going to talk to them about atm’s as they are interested in partnering on a few deals with us. Then from the 2nd to the 5th we are going to be at a seminar called “Never Work Again” and it’s one of the seminars that T. Harv Eker puts on. This one is about passive income. It should be really good. I don’t know if any of you read his book,Secrets of the Millionaire Mind, but if you’re ever attended his free seminar the Millionaire Mind Intensive then you can only imagine what the seminars that you actually pay for are like!
After the seminar ends on the 5th at 7pm we’ll be driving to San Francisco. On the 6th or 7th we’ll be meeting with another friend and her husband and most likely doing a Rainbow presentation for them lol and then talking to them about atm’s as well. They are interested too! Then another friend of ours and her hubby, we’ll be meeting to most likely do a Rainbow presentation as well. We’ll probably throw in an atm talk too, but she doesn’t know about that yet. lol
Thennnnn we’re going to Alcatraz. That’s all I really wanted to do in Cali for real. So I’m excited about that. We’re keeping our spending to a minimum because of our budget, remember? That’s why we’re trying to meet up with friends and hang out, etc.
So, I probably won’t be blogging for a bit….definitely not during the seminar, but if I think of it, I will that way I can give you guys all of the important tips and tidbits I take away each day. And we can all get wealthy off of our passive income together! Woohooo!
I’ll be back to business on Friday. Yesterday I spent a lot of the day doing crap and then filling our atm’s. The gentlemen’s club is far so it takes some time to fill it (but believe you me, it’s worth the hour and 15 min. drive! lol)
Tonite, I got our chinese restaurant to sign a 5 yr. contract with us 😉 That atm is kicking a$$$$$$$$$$$$$$$$$!
Oh and I spoke to a local wholesaler and he has 2 deals under contract and we’re gonna work a lil joint venture deal together and I’m gonna try to market the heck out of his properties so I can make some cash.
One more thing, I’m gonna try to sell probate leads. I learned about that concept from Scott’s blog Struggling Investor. And I already talked to Brandon (Kathy’s 17 yr. old son) about getting the leads from the courthouse for me. He’s game. hehehe
It’s just beautiful outside and I’m psyched up to get some real estate deals going. No deal yet, but I’ve had some technical difficulties. Since Kathy got laid off she had to send back the printer/scanner/fax that we used for everything so I couldn’t scan in my proof of funds for offers (I got 2 from a high school friend totaling $100k and I got 1 from my uncle totaling $176k.) Soooo kinda hard to make offers without proof of funds.
Anyway, my neighbor hooked me up last nite (and he had technical difficulties too lol but ended up just scanning it for me and putting it on a zip drive for me to take home.) Kathy and I moved one of our worst performing ATM’S (in the month of October the store was probably open for maybe a week?? IF that.) So we moved it to a 24/7 diner and we’re excited about that. We have one other ATM that we need to place somewhere right now.
What else what else? Oh I think Kathy is going to be getting another J-O-B…..since she got laid off she’s had recruiters and other pharmaceutical companies calling her like crazy and even offering her more money. So we talked about it and I told her if she wants to do it and feels more comfortable doing the J-O-B thing with a guaranteed income instead of doing our plan for both being self-employed then I’m all for it, I just ask that she sticks to her budget so she gets out of debt quicker (like we BOTH planned) and therefore can invest in more ATM’s and real estate (we want to buy multi’s together as kind of our retirement and of course as to increase our passive income.) She agreed to stick to the budget.
Oh and believe me when I say how we talked and we agreed or what have you, when we’re talking about a budget and planning money the conversation does not go so smoothly. Kathy is a spender, that’s how she’s lived for a longggg time, that’s how she knows and that’s how I’m sure she’d like to keep doing, but after some tiffs she’s seeing the “light” so to speak but sometimes I have to give her a lil nudge (like yesterday afternoon she wanted to stop somewhere and get something to eat. I reminded her that eating out is not in our budget anymore and we argued for a hot minute, didn’t speak and came home and had lunch and then made an amazing dinner.) I’m sure the only thing about me that she wishes was like her ex-husband has to do with money………all they did was spend, spend, spend…without a care in the world. I’m quite sure tho that she’ll thank me at some point in the future 🙂
I emailed a wholesaler to make sure she was cool with paying each other if we marketed each others deals and sold it, etc. And she was….we just have to still work on the split end of things….she was like “it depends.” I’m more of a “let’s quit the bullshit and say it’s a 50/50 split or whatever.” Know what I mean?
I also emailed another investor/realtor/wholesaler that I know and proposed the 50/50 split for selling each others deals and he said “yes, I’m interested in that arrangement.” He even sent me a form that he uses for his joint venture deals.
I got more bandit signs in finally. Ordered 200- 100 horizontal fluting and 100 vertical fluting with of course 100 H-wire stakes. I’m gonna start putting these bad boys out today. These are the smaller sized ones, so I’ll see how they go. I think they will stay up longer on the poles being this size.
Okey dokey pokeys I’m off to look at houses (for sale,) houses that sold (for cash,) and then back home to make some offers. I’m feeling really good about everything. Oh yeah….I even sold a Rainbow Wednesday nite so will probably make an easy $500 to $700 off of that (remember that’s what I been doing for the past year when I took a hiatus from real estate.)
I’m going to be posting soon a few couple goals/lists that I think are extremely helpful and I’m going to share mine with everyone here in hopes that you do your own at home (you don’t need to post them here, you can keep them private.) But I think they are beneficial.