Own Your Own ATM Machine.

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roseagain
Member
@roseagain
Join Date: 2009
Post Count: 12
January 19, 2010 - 10:29 am
Hi Gang,
I have just checked out http://www.ownyourownatm.com.au
They say you get about 20% return on investment. Apparently each ATM machine costs $14,000 plus GST and you have to buy 5 at a time. I am new at all of this and don't know much. Has anyone invested in ATM's? Is it a good investment?
Any comments appreciated,
Rosemary.
god_of_money
Participant
@god_of_money
Join Date: 2008
Post Count: 970
January 19, 2010 - 10:32 am
Yes… but in 5 years time.. your ATM = 0 dollar
Not such a freebies
roseagain
Member
@roseagain
Join Date: 2009
Post Count: 12
January 19, 2010 - 10:58 am
Hi God of Money,
I am very ignorant on this subject. Please explain why in 5 years time the ATM=0 dollar.
Thanks,
Rosemary.
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
January 19, 2010 - 10:00 pm
Rosemary might want to do seach on this topic as it was discussed some months ago.
Richard Taylor | Australia's leading private lender
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 19, 2010 - 10:10 pm
Once you get them, where do you put them?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
wealth4life.com
Member
@wealth4life.com
Join Date: 2003
Post Count: 1,248
January 19, 2010 - 10:52 pm
Terry,
Put it in your lounge room haha or your master bedroom emagine the selling feature … how many people have an ATM in the master bedroom ??
Sorry couldn't help that one …
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 19, 2010 - 10:56 pm
Is the money inside the ATM included?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
wealth4life.com
Member
@wealth4life.com
Join Date: 2003
Post Count: 1,248
January 20, 2010 - 2:29 am
Terry you buy the machine from me and i'll make it happen for you … i'll get the money from Rams Home Loans …
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 20, 2010 - 2:36 am
I will just make my own ATM I think.
But sersiously, what about all the ram raids and blowing up of ATMs that would occur, and the skimming etc. I guess this would depend on location though.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 20, 2010 - 2:47 am
I read a bit of that website.
It seems they offer a 20% return min pa over a term of 5 years. What is 5 x 20?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
January 21, 2010 - 8:43 am
I invested in my own ATM in 1992 the year i got married.
I stock it with money and my good lady wife takes it out.
Richard Taylor | Australia's leading private lender
DWolfe
Participant
@dwolfe
Join Date: 2009
Post Count: 1,253
January 21, 2010 - 10:29 am
Thanks guys, I really needed a good laugh. I'm still laughing….
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Me
duckster
Participant
@duckster
Join Date: 2004
Post Count: 1,674
January 21, 2010 - 10:37 am
It might be safer to use your own atm machine with all this skimming that is occurring.
DanielB
Participant
@danielb
Join Date: 2009
Post Count: 33
January 21, 2010 - 11:05 am
lol, good to see a bit of harmless humour
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 21, 2010 - 12:47 pm
Playing the ATMs is a good substitute to the pokies. The are the ' no arm bandits' (as opposed to the one arm bandits!)
'
Jokes are getting lamer as i run out of material, sorry.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
January 21, 2010 - 1:08 pm
Terry No arm bandits you kidding me.
You never had your arm twisted when your ATM is empty. My wifes pastime.
Richard Taylor | Australia's leading private lender
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
January 21, 2010 - 1:08 pm
Terry No arm bandits you kidding me.
You never had your arm twisted when your ATM is empty. My wife's pastime.
Richard Taylor | Australia's leading private lender
jaffafal
Participant
@jaffafal
Join Date: 2004
Post Count: 17
January 24, 2010 - 2:22 am
Hello All,
liking the humour , Roseagain, I looked into ATM’s myself, and the key that stopped my buying was the guy didn’t have any legitimate bank on board for funding (as it’s direct competition to them!) no fixed rate of interest therefore profits were eaten up by interest. Maybe if you know a lawyer or accountant (someone good at reading contracts to look at the details) it can be risky.
roseagain
Member
@roseagain
Join Date: 2009
Post Count: 12
January 25, 2010 - 10:24 am
Hi Gang,
thaks for all your comments and the humour.
Roseagain.
suarez
Member
@suarez
Join Date: 2012
Post Count: 2
March 22, 2012 - 1:34 pm
Hey everyone
Even m thinking of buying an ATM. A friend of mine recently invested his money in ATM with the help of some company named national cash… have u guys heard of it………if yes plz let me know… link is http://www.nationalcash.com/
plz reply