I just got an idea…. A few years ago I met a guy who knew how to buy and sell houses but he didn’t have any money. I put up all the money and he did all the work, and we split the profits, we both made some very good money. It was a sad day when he moved away, but now I am thinking after reading about all the people making hundreds of thousands per month with PPCs that I am interested in trying the same thing here. I think it is possible to make some good money but I don’t really have the time to spend trying to figure it out, so if anyone one thinks they have a winning formula but just need some financial backing let me know.
If they have a winning formula, they would be making money on their own and keep 100% of it instead of splitting it up.
Yes I am sure that is what most people would do, and I would be of no use to them at all. but I was thinking I might find one person who has the skills but does not have the money to put into it, like I did before. I was reading about someone selling a site who said they purchased $3 in PPC one day and got $6 back, so if they keep this up they will make $90 at the end of the month. If it would work to put in $5000 per day at the end of the month we could split $150,000. so which would you rather have a 100% of $90 or 25% to 50% of $150,000?
"I was reading about someone selling a site who said they purchased $3 in PPC one day and got $6 back, so if they keep this up they will make $90 at the end of the month. If it would work to put in $5000 per day at the end of the month we could split $150,000. so which would you rather have a 100% of $90 or 25% to 50% of $150,000?" I would take 100% of the $150,000 and do it on my own. If someone truly had a "winning formula" with not much money (which wouldn't make that much sense because winning formula = much money) But for sake of argument let's say there was a near broke person with a winning formula. Well they would start off slow, build their income with the winning formula and over time have more money to work that winning formula and keep all the money for themselves.
Selfish? lol Geez I wonder why you would say that. Oh, you PMed him hoping to get some of that money. Let's see, which would people pick between the two: 25% to 50% of $150,000 or 100% of $150,000 Like I said, I'll take the 100%. He should save his money and learn PPC on his own instead of throwing it at some nicknames on a message board who'll probably end up losing it. If you actually had the winning formula, you would be making good money on your own and not need money from other people just to end up splitting it.
SarahK, I agree totally. My cousin owns 8 properties in Western Australia. He is now 47 and when he is 50 he will retire after he sells all of his properties. He has a 1 million dollar mortage and 2.5 million in assets (real estate). All negative geared so his repayments are $14 a week!!! Properties id the only way to go. But as always, you need to spend money to make money.
I think Max5 has a point. Even if you have a winning formula in ppc it is not that simple to make money without any money. PPC at google would require money upfront and the income from the sale would happen 1-3 months later depending on the product. So you need to have 90 days worth of CPC money to start with before you get your first check. If you go to a bank to get some working capital, it will be take ages for them to understand that you have found a winning forumla sitting at home without any organisational setup. If you ask your friends for a loan, they would like to understand the whole formula and still might not oblige. If you start on your own and try to build your wealth from $1 per day and multiplying it every month, by the time you reach a reasonable level, the opportunity might have already disappeared. So if you DO HAVE the big idea and DONT HAVE the money to execute it, get some partnership quick before the opportunity vanishes in thin air. Thats how the whole venture capital industry thrives. BTW, any good ideas are welcome to me as well.
"Even if you have a winning formula in ppc it is not that simple to make money without any money." Again, makes no sense. The only way you know if you have a winning formula in PPC is trying out and making money. People who have "winning formula" must be making money right? I don't know anybody who does PPC well that is broke. Max5 should go ahead and try it out and hand out the play money to people he doesn't know so I can come back in the future to see how much he's lost. So Max before you do this ask for some proof of a winning formula.
Thanks for the suggestion, but for personal reasons I am trying to work from home now, and to deal with fewer people. With real estate that's very hard to do, the money is great but lots of people to deal with and lots of running around to do, and I am getting to old to keep up the pace.
If his house cost $1 million, and his assest are only $2.5 million. He's living WAY beyond his means. This is how people wind up flat broke. Just ask MC Hammer.
Read the post, he has 2.5 in assets, 1 in mortgage, that means that he has 1.5 million in equity. He's doing very nicely, thank you. Plus because they're investment properties you get tax gains etc (although Aussie isn't as generous as NZ, but both are better than the US I believe).
This looks great offer to me, I have got some success with that myself however you probably shooting in higher directions;