Just sold my house. Considering Buying a new truck and flatbed.

Buy $10K in US Treasury iBonds, they are guaranteed and about to pay 10% beginning in May. They pay 7.12% now.

Buy another $10K in iBonds in your wife's name if you are married. You are limited to $10K per year per person.

Skip buying a truck and trailer that is about to lose 25% or more in value due to the correction.

If you must drive, hire as a company driver somewhere for the next few years. Major stagflation is in our immediate future.

 

I’d recommend looking into “lifestyles unlimited “
Their real estate investment syndicates are pretty good Money makers .

they buy apartment complexes , fix them up , raise the rent and increase the profit , and sell them two years after buying it and do it again .

a commercial business is valued on the profit . If you increase the profit 10%, the valuation of the business increases by 30%

 

I am full of sound advice, thank you very much. Small fleet growth specializing in VAN ONLY at Landstar is the best choice.

 

The more you say it the shorter it will be.

 

I agree.

 

Compl

Completely depends on how you run or how your driver you hire runs. Going rates running normally with a rough avg of 2,800mi a week for OTR you should gross no less than 40k a month. Your numbers after that you should be able to figure out on your own. A 2012 Cummins you’re probably averaging mpg if you don’t idle much at all, get a good fuel discount card, mine usually gets me $.80 to $1.25 off a gallon. So you’ll probably recoup it all in one to two years if you try at least a little.

 

Now is not the right time to buy a truck.
With rates crashing its only a matter of time until the overinflated truck prices come down.

 

At best you'll keep up with the rate of inflation in that.

I like real estate as you can rent out of house to pay your mortgage.

 

You know, it's interesting.....
Dude has multiple properties, ROTH, SEP, 401K, Bitcoin and all the rest, yet he wants to enter the trucking business with a 2012 with a Conestoga.
Anyone besides me smell a troll? (Oh, and 4 posts to his credit).

 

Big time. Not even really that good, way to obvious.