REI Wealth Monthly Issue 02 | Page 22

7 TOP QUESTIONS A REAL ESTATE INVESTOR MAY ASK ABOUT THE ATM BUSINESS CAREY BUCK You can set up your ATM business in such a way As I went over in the previous article, remember that it flows very well with your real estate business. you can expect to make anywhere from $100 to For instance, let’s say that you are a wholesaler $900+ per ATM machine per month. I’m talking and you’re driving for dollars in areas A, B and C. about positive cash flow here. Your expenses in Areas A, B and C are precisely where you would the ATM business are slim. These machines I want to look for local businesses to place your ATM consider mini-rental properties but they surely machines in. That way you can stop and fill the don’t have the expense that houses have. ATM machines in between driving for dollars. It literally will take you 1 minute and 10.8 seconds to $100 to $900+ per ATM, per month in positive fill your ATM up with cash. As you can imagine that cash flow would be a nice addition to any real simple task is the most vital part of your ATM estate investors’ portfolio. Imagine those months business. where your tenant loses their job or has a major car problem and Or perhaps you’re a they decide not to rehabber that just pay their rent. What finished your latest if you had an extra project. Now you’re $100 to $900+ per showing it to a few ATM, per month in couples. It will take positive cash flow to you 1 minute and cover your expenses 10.8 seconds to fill until the tenant got your ATM on the back on their feet or way to show the you put a new tenant house or on the in your property? way home from showing the house. Imagine those months where you realize that your The key here for the ATM business to be a perfect rehab is taking longer than it should and your complement to your real estate investing business holding costs are skyrocketing! What if you had is to strategically place your ATMs in areas that you an extra $100 to $900+ per ATM, per month in do the majority of your real estate investing positive cash flow to help you with your holding business in. costs until your rehab was complete and sold to your end buyer? 3) How much money can I expect to make in the ATM business? As a real estate investor myself, I would certainly welcome any tweak to my business that would