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Is it time to be a owner op? (Owner op or hotshot?)

Discussion in 'Experienced Truckers' Advice' started by richrr223, Mar 19, 2022.

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  1. Mar 19, 2022 #1
    richrr223

    richrr223 Bobtail Member

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    Jan 20, 2022
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    Been looking and turning down jobs since I quit vendor job. Haven’t been able to find or get called by any job that pays over 75 starting off since.
    i hear mixed stories about how it’s not much more money then working for a company after paying loan and repair

    What the chances of finding work ASAP (within a week or 2 ) if I buy a truck?
    Is I likely to bring home a good amount running local or is hotshot a better option? (Can’t park truck at house )
    Is it worth it?


    Have 20k cash already saved and excellent credit but only willing to spend if I’m %100 sure I’ll profit
     
    richrr223, Mar 19, 2022
    richrr223, Mar 19, 2022
    #1
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  3. Mar 19, 2022 #2
    pavrom

    pavrom Road Train Member

    3,196
    7,327
    Apr 29, 2012
    NE illinois
    0
    ...that doesn't sound like a business plan ...we should suggest you to go ahead and buy the truck/trailer ?! ...just do it - tell us in summer how did it go
     
    pavrom, Mar 19, 2022
    pavrom, Mar 19, 2022
    #2
  4. Mar 19, 2022 #3
    mnmover

    mnmover Road Train Member

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    Apr 5, 2009
    Lichfield MN
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    location?
     
    mnmover, Mar 19, 2022
    mnmover, Mar 19, 2022
    #3
  5. Mar 19, 2022 #4
    richrr223

    richrr223 Bobtail Member

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    Jan 20, 2022
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    Louisiana
     
    richrr223, Mar 19, 2022
    richrr223, Mar 19, 2022
    #4
  7. Mar 19, 2022 #5
    richrr223

    richrr223 Bobtail Member

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    Jan 20, 2022
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    Asking
     
    richrr223, Mar 19, 2022
    richrr223, Mar 19, 2022
    #5
  8. Mar 19, 2022 #6
    JoeyJunk

    JoeyJunk Road Train Member

    8,762
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    Dec 31, 2010
    Washington, PA
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    Your question is your answer. If you don’t know what the current market is like, you are not ready.
     
    JoeyJunk, Mar 19, 2022
    JoeyJunk, Mar 19, 2022
    #6
  9. Mar 19, 2022 #7
    JoeyJunk

    JoeyJunk Road Train Member

    8,762
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    Dec 31, 2010
    Washington, PA
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    If you are running your own numbers, you won’t be be good to go in a few weeks. One poster here has been waiting……and waiting……and waiting.
     
    JoeyJunk, Mar 19, 2022
    JoeyJunk, Mar 19, 2022
    #7
  10. Mar 19, 2022 #8
    richrr223

    richrr223 Bobtail Member

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    Jan 20, 2022
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    Oh wow . Thought it was just buy truck , get insurance and pick a o/o company on indeed
     
    richrr223, Mar 19, 2022
    richrr223, Mar 19, 2022
    #8
    blairandgretchen Thanks this.
  11. Mar 19, 2022 #9
    richrr223

    richrr223 Bobtail Member

    45
    38
    Jan 20, 2022
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    Look like Sysco the best option by pay, I just hate to go back that type of work
     
    richrr223, Mar 19, 2022
    richrr223, Mar 19, 2022
    #9
  12. Mar 19, 2022 #10
    blairandgretchen

    blairandgretchen Road Train Member

    13,691
    74,459
    Dec 9, 2011
    South west Missouri
    0
    If that's a serious answer - then I'm glad you said it.

    I started in 2015 with a $12.5k truck, 30k financed trailer, excellent credit and zero household debt, with established 401k and rental houses. It was a struggle for the first year. Leased on to a company and ran their numbers.

    Until 2021, I maintained it was possible given the correct pre-cursors. Now - I'm less optimistic.
     
    blairandgretchen, Mar 19, 2022
    blairandgretchen, Mar 19, 2022
    #10
    JoeyJunk Thanks this.
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