I am looking into investing in trucking, I’d like to buy a truck and have my brother drive for me in Midland Texas. Any suggestions or advice is well appreciated.
I am looking into investing in trucking(oil field) any advice?
Discussion in 'Ask An Owner Operator' started by JohnnyBoy0787, Oct 21, 2020.
Page 1 of 3
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Dont do it working with family is the worst. I tried it with my brother it went horrible. Is your brother gonna invest anything in the buisness??
Crude Truckin', joey8686, Tb0n3 and 2 others Thank this. -
Lend him the money to buy some real estate, better return.
Crude Truckin', Tb0n3, 86scotty and 1 other person Thank this. -
Everyone I know that tried a deal like this always gets stuck with the truck. The driver (relative) has no skin in the game and at some point WILL walk away.
Then you got to find a driver.Tb0n3 and Aamcotrans Thank this. -
Sounds like a solid business plan.
Socal Xpress and 86scotty Thank this. -
Instead of the truck how about buying the ocean front property I have for sale in AZ. Right now both investments are equally risky.
Tb0n3 Thanks this. -
Me and my brother hardly speak to each other after being in business together 25 years ago.. in our case we were partners but one partner liked writing a extra cheque for himself occasionally . Maybe with him working for you it won’t affect your relationship if he really needed the job.
Crude Truckin', blairandgretchen and Tb0n3 Thank this. -
An awful lot of threads lately similar to this one (usually first time posters). Has the pandemic caused more people than usual to look at trucking as an investment because it has the appearance of still rolling strong?
joey8686, Savor the Flavor, blairandgretchen and 3 others Thank this. -
Its alwayz like this, we have a couple Gud months and everyone thinks they can get rich
joey8686, blairandgretchen, Tb0n3 and 2 others Thank this. -
Like I’ve said before... I started my business 13 yrs ago with my brother, 8 yrs ago I bought him out. We started talking again about 10 months ago. Do the math.
blairandgretchen, Tb0n3, PPDCT and 1 other person Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 3