Eric's Credit Community

• Gross Revenues - $600-800/month
• Insurance Exp - $20/month (covers liability and damage, theft, vandalism, etc)
• Local Registration fee - Each machine requires a $100/year registration fee with local gov't (<$10/mo)
• Profit to me - $270-$370/month for each machine

So for the 2 machines I currently own I am totaling over $600 a month and one is already paid for, I am using the rest towards paying off that second one which my minimum payment  is only $100/month.The 2 new machines are expected to earn similar revenues.  I have already been approved for financing with the wholesaler I am working with but based on what I have heard about prosper I figured I would see if the rate comes out better.

Day Job Earnings

I have B.S. in accounting and have worked full time as an accountant since I graduated 4 years ago.  My take home pay after tax, 401(k), benefits, and charitable donations (reoccurring, and automatically taken from my check) I clear $3,800/mo + an average of 10% O/T.

Monthly expenses (TOTAL $3050):

• $1k Rent (studio in a luxury building that I have lived in for 4yrs since college, ALL utilities included, w/ cable, internet, gym included)
• $150 Student loan (locked in a 2.8%)
• <$100 - No car, but use zipcar (carshare) occasionally if needed which I rarely use and bill is always less that $100/mo (I work and live (5 blocks away) dowtown in a major city... all of the establishments in which the machines are located within a 10 block radius of my residence)
• $400/wk for food & entertainment (I spend a lot in this area, eat out most meals)
• $100 Cell bill  
• $100 minimum payment on CC for one of the previously purchased machines (although I usually just send all the revenue from that machine so that it will be paid off quicker since the interest rate is like 12%)

That leaves me with $750/mo extra just from my day job to be able to pay this loan even if the machines don't pay for themselves.  I also have $7k in liquid savings (plus plenty in a 401k) incase the machines need repairs or in case of any kind of emergency.

So I can more than cover this loan without even counting the potential revenue of the machines.  I want to finance them so that I can continue to grow, conservatively. Since I don't need any of the profit to cover my living expenses, I plan on paying all of my profit from each machine towards that machines loan, so this loan will probably be paid off early.

Thank you for considering my listing, feel free to contact me with any questions, and happy bidding.

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