Thinking about making the move

The guyz on here are tough, I learn a lot from them. If I were u I would save some more money an wait for the the spring before I made the jump. See what happens with the pandamic an new president.

 

Why don't u find a segment in trucking in your part of the country that u can make Gud money with. Then find the truck.

Wish I did that, I just bough a truck an a dry van an chased miles

 

Thanks for reaching out @Money-Mike

I’m a master of the dark arts, and have performed a 5 card spread dealing with your questions. I specialize in “The Mystic Trucker”.

Though these readings normally require your consent, I simply passed a fresh Benjamin over the deck prior to consulting with the higher powers. I hope you don’t mind.

The results were as expected.

The ‘OLD HAND’ position tells you must run away from the emissions junk motors, and consider well maintained used equipment.

The ‘ MY WIFE SAYS’ position reveals you must maintain W2 employment in order to apply for a future mortgage, as all 1099 individuals are crushed at the application stage for mortgages.

The ‘ MY CURRENT 20’ position is murky. My cat scratched at the 3rd deck railing from the right, and whilst the meaning is unclear, also leads me to believe your future is lacking in certain direction.

The ‘INFLUENCE IN MY LIFE’ position clearly indicates that you seek consult upon the gods of trucking, and that you have found the correct source.

The ‘OUTCOME OF ALL THIS’ position, is that . . . Wait, I feel . . . Must rest . . . I . . . I . . .

 

This is one of the smarter newcomer posts I’ve saw on TTR in a long time. Do your own thing. Business and family I know from a really bad experience, doesn’t work.

Go out on your own, especially if you don’t mind running OTR or home weekends. I like that you are ok with relocating to another part of the country. The fact you have more money tucked back, earmarked for other things is a good sign.

If you go used try and get something new enough to have the Cummins X15 in it. Especially if you like the T680’s. Check out the Cummins Encore XT1 2nd owner warranty thru factory Cummins.

If you get your own authority and have a knack for this stuff, with time your Dad will be trying to sign up and piggy back off YOU vs you them.

 

aint no way in the world I would get my own authority if my dad already had his.

 

He doesn’t. (From how I read it anyway, lol.)

 

Listen to Pomp podcast 385 on youtube, the interview with Michael Saylor.

Then get an account on the Gemini exchange, the one that's associated with the Winklevoss twins. Take your 50k and buy Bitcoin and watch your net worth grow over the next year and beyond and you can use your profits to buy a truck. Use your bitcoin as collateral to self finance your business etc.

 

Beat me to it.

If the OP anticipates an influx of foreclosed homes in the foreseeable future, a lender is going to want to see W2 income vs new 1099 income.

Unless you are planning on living in a rural area or find an unlisted deal, if there are widespread foreclosures, the private equity, and large home rental outfits will not only outbid you but make your offer look unattractive when they are paying with cash.