cmartell1200020
New Contributor
- Joined
- Apr 5, 2013
- Messages
- 6
Rep Bank
$50
$50
User Power: 50%
Hi, I'm researching a Fastline idea now, but beforehand I had stumbled across a company called Intermodal Wealth, which invites investors to purchase 20-40 ft shipping containers used on rail and cargo ships and lease them out to major transportation companies, with a guaranteed 13.5% ROI for amounts of less than 500K, and 16% for amounts of 500K and over. The company manages the containers for investors, places the container with a lessee, collects payments, takes their fee out of those payments, and sends the balance in a check to the investor, which is the 13.5% return. Investors are free from liability, maintenance costs, and basically any responsibilities of the container, and can write off some or all of it using sec. 179. Investors can also sell back their containers to IW at any time for at least what they paid for it or maybe more, depending on the market and how much material costs rise for the manufacturing of new containers. Lessees are leasing these containers from investors because of banks clamming up during the recession, and also because they can write off leasing expenses and leave capital freed up instead of tying it up by purchasing their own containers.
Has anybody had any dealings with this company? Intermodal Wealth - Home. Others in the same business include Pacific Tycoon and World Container, Inc.
I contacted the company and spoke and emailed their sales rep Dean Springer at length for over a month, questioning and researching this. I looked everywhere online and contacted other investors as well as the container supplier to IW. I then purchased a container at the end of 2012, and have received checks on time since then.
But given that a few slowlaners and pedestrians I have mentioned this to tell me this makes no sense and that this is a scam, I would like to still keep checking. I understand the whole process, but still question why something that is making such good returns for me seems to be unheard of to most everybody else.
If this business is legit like I think it is, then inside of a few years, I can be generating enough passive income to live off of.
Any replies would be appreciated.
Has anybody had any dealings with this company? Intermodal Wealth - Home. Others in the same business include Pacific Tycoon and World Container, Inc.
I contacted the company and spoke and emailed their sales rep Dean Springer at length for over a month, questioning and researching this. I looked everywhere online and contacted other investors as well as the container supplier to IW. I then purchased a container at the end of 2012, and have received checks on time since then.
But given that a few slowlaners and pedestrians I have mentioned this to tell me this makes no sense and that this is a scam, I would like to still keep checking. I understand the whole process, but still question why something that is making such good returns for me seems to be unheard of to most everybody else.
If this business is legit like I think it is, then inside of a few years, I can be generating enough passive income to live off of.
Any replies would be appreciated.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
