All Topics / Creative Investing / Own Your Own ATM Machine.

Viewing 20 posts - 1 through 20 (of 36 total)
  • Profile photo of roseagainroseagain
    Member
    @roseagain
    Join Date: 2009
    Post Count: 12

    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.

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970

    Yes… but in 5 years time.. your ATM = 0 dollar
    Not such a freebies

    Profile photo of roseagainroseagain
    Member
    @roseagain
    Join Date: 2009
    Post Count: 12

    Hi God of Money,
    I am very ignorant on this subject.  Please explain why in 5 years time the ATM=0 dollar.
    Thanks,
    Rosemary.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Rosemary might want to do seach on this topic as it was discussed some months ago.

    Richard Taylor | Australia's leading private lender

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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

    Profile photo of wealth4life.comwealth4life.com
    Member
    @wealth4life.com
    Join Date: 2003
    Post Count: 1,248

    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 …

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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

    Profile photo of wealth4life.comwealth4life.com
    Member
    @wealth4life.com
    Join Date: 2003
    Post Count: 1,248

    Terry you buy the machine from me and i'll make it happen for you … i'll get the money from Rams Home Loans …

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213

    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

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    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

    Profile photo of DWolfeDWolfe
    Participant
    @dwolfe
    Join Date: 2009
    Post Count: 1,253

    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

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    It might be safer to use your own atm machine with all this skimming that is occurring.

    Profile photo of DanielBDanielB
    Participant
    @danielb
    Join Date: 2009
    Post Count: 33

    lol, good to see a bit of harmless humour :)

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    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

    Profile photo of jaffafaljaffafal
    Participant
    @jaffafal
    Join Date: 2004
    Post Count: 17

    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.

    Profile photo of roseagainroseagain
    Member
    @roseagain
    Join Date: 2009
    Post Count: 12

    Hi Gang,
    thaks for all your comments and the humour.
    Roseagain.

    Profile photo of suarezsuarez
    Member
    @suarez
    Join Date: 2012
    Post Count: 2

    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

Viewing 20 posts - 1 through 20 (of 36 total)

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