Owner Operated with no experience

I understand. I have no problem with the post per se even if it is a troll. I was laughing until The TTR Thread Enforcement Unit showed up and began following me. Now I know my days are numbered before you ban me.

 

Well I'm going to give you a serious answer.

If you know nothing about this business I can see how you think this could be done.

And I mean this with no disrespect, but if you knew anything about this business you would know that there is a 99% chance that you will fail and that this is a bad idea.

I can't sit and explain to you the thousands of reasons why that is but believe me, and believe everyone else that is telling you, it is absolutely positively a terrible idea.

Take the money that you would spend buying a tractor trailer and the $20,000 a year that you're going to spend on Insurance, along with all of the Myriad of expenses that you could never dream of to get started, and just take that money and go buy a piece of Real Estate.

You have a 99% better chance of finding a good renter than you do of finding a good driver.

You will have a 99% chance of having a greater return on your money and owning real estate, then having a truck that is going to depreciate and cost you money and I can't even say anymore to you.

If you are an intelligent person get this out of your head.

And no, I am not going to explain it to you any further. Get it out of your head or use the search bar and find out the bazillion reasons why it's a horrible idea.

 

My advice to the OP is to keep reading your response over and over until it sinks in. Very well said.

 

Better drive yourself and learn the ropes. I started out with basically no experience but I drove to and it has helped out a lot on finding the the right freight lanes.

 

Truck= $160k
Trailer= $25k to $75k
Insurance= $20k /year
Pay for GOOD driver= $80k /year
Fuel= $60k+ /year
Maintenace= $5k to $25k /year
Ect...
Ect...
Ect...

How many more reasons do you need to convince you this is a BAD idea.

 

You should create a thread then which plane is better to buy for your application !

 

But honestly i know several business owners who never had CDL and can barely put license plate on the car but they have 10-15 trucks and somehow doing pretty good ... didn't even have contracted loads , all loadboard

 

So true. This is great advice. Passive income from real estate doesn't require the payment of the 15.3 percent self employment taxes either. Of course there's the gamble of finding the right tenant. One that will pay and not tear up your property but either way it's a much better route than sinking it all into a single truck contractless transportation company. Also, in real estate the competition is much more agreeable as well. It's funny you should mention this to the OP as an alternative because I've been seriously considering picking up a rental property myself.

 

How much money do you have set aside for this business venture? What industry do you currently work in? Where are you based out of? (Where do you live).

Have you ever been around trucks at all or know someone who has? Why do you want to do this? Are you prepared to do a complete deep dive and live, eat, breath trucking?

It’s much more difficult then it appears but absolutely you can do it. A lot of us are completely ate up with this stuff. I ran my company all week long and before bed last night I’m on here reading about trucking, soon as I woke up and got some orange juice I’m back in here reading about trucking.

I’ve been doing this going on 13 years and I still learn something pretty much everyday.