Want to buy a truck but don't want to drive

If you want to double your money, fold it in half and put it back in your pocket. Our driver, disappeared for 2 days at a time with the truck and trailer. He wouldn't call in, he destroyed a really nice Peterbilt from Dallas Pete with all the bells and whistles, chrome and lights. Decided to sell his ride out from under his tiny ###. He whined we didn't pay enough but drew $600.00/wk and even though single and he could run 11,000 miles a month he was always broke. Guess his Coke habit caught up with him. You need to buy new equipment, run it 430,000 miles and sell it then buy new. You can write it off, it's under warranty and you can keep running without too much downtime. I used the philosophy of was every week, wax it and keep it like new. Worth more when you sell.Remember to buy one that weighs (truck and trailer) under 31,900 as everyone wants you to haul 48K.

 

1 rental property will not even support 1/2 of one house. Lol

 

A good number to look at is about 10 trucks and there is no kicking back and you are still getting random 3 am phone calls. The headaches are larger ones.

 

Notice he said "properties."

 

At least you pay well

 

Yeah but I am in rental property game and depending on tenant I'm sure us way worse than truck game. Especially if they aren't paying rent, it's winter, and you can't get them out for 5 months till its warm outside.

 

You would between $750,000 and $1000000 worth of properties to get $100 k annually depending on the market and type of housing. You can do the same thing with a truck and trailer with 1/10th of the investment.

 

Only if you are driving the truck yourself and then you would be dong better then most O/O's.

There's no way you are going to pay a driver, cover the business expenses, and take home 100K investing 75K to 100K on a truck.

 

Yes I meant driving the truck yourself

 

Im in the same boat right now looking to maybe buy a truck and put someone in it and schedule his loads etc. I currently have box trucks doing local work for an air freight company. My question to you fleet owners is there any money in running a truck OTR with a driver in it. I know there could be major breakdowns etc thats the risk but if you are grossing lets say 210k a year would you profit any if you are paying lets say 52k a year to the driver? When I keep looking at hit on paper from the knowledge i have I look to be able to do around 40k plus profit not counting the tax cut from it. Is that realistic? Or am I way off?