So I came across this mob recently and it piqued my interest.
The basic premise is you buy an ATM from them (for $15-30K), and in return you receive ~30% profit (after all outgoings). In addition you depreciate it over 10 years, and sell the residual.
Has anyone tried something like this or used other non-traditional investments to increase cash flow?
Seems like a quick and powerful way to improve your serviceability (enabling you to borrow more) or pay down some debt (thus building equity). Alternatively, it might be a good way to transition from the asset accumulation phase of your investment life to draw down your equity and get some cash flow to live on.
Has anyone got thoughts on whether you would use something like this in your portfolio? Are there other techniques you use beside the usual shares dividends, rent and salary for cash flow?
Disclaimer: I am in no way affiliated with them.
The basic premise is you buy an ATM from them (for $15-30K), and in return you receive ~30% profit (after all outgoings). In addition you depreciate it over 10 years, and sell the residual.
Has anyone tried something like this or used other non-traditional investments to increase cash flow?
Seems like a quick and powerful way to improve your serviceability (enabling you to borrow more) or pay down some debt (thus building equity). Alternatively, it might be a good way to transition from the asset accumulation phase of your investment life to draw down your equity and get some cash flow to live on.
Has anyone got thoughts on whether you would use something like this in your portfolio? Are there other techniques you use beside the usual shares dividends, rent and salary for cash flow?
Disclaimer: I am in no way affiliated with them.