"Are you sure you wanna do this?", said everyone. 6 month update.

I was looking on Craigslist last night. A few restaurants for lease $1400 a mo. A semi truck body and mechanical repair business. Near home. Turn key all employees stay. Could be a great thing or a nightmare.I don’t see anything I feel confident doing. Trucking now with my Wife almost 2 yrs. Considering selling house and Trucking for a few more years. Not what it’s cracked up to be the more I think of it. Only savings would be house pymt and Utilities. Minus hotel costs for time off - minimul savings.Rather have passive income bussiness. One that makes money while all I do is collect it. Still Looking Lol

 

I don't remember the exact contents, but the gist of it was a little more detail about how his business operates now. His first comment was captured in your quote asking about his end game. Hopefully you are able to catch it in case he gets a mod to remove it.

Maybe he was getting some nasty pm's? I wasn't seeing any hostility in the thread, although I expected his running a one truck business with a hired driver from his media room might encourage a little contempt. Far as that's concerned, I think it's kind of a silly notion to judge someone else's business, especially when you have no real idea of what their measurement of success actually is. What @rakusa is doing is not something I would care to do, but that's cool. Doesn't mean I think it's wrong. Just not what I would want to do.

I did take exception to his characterization of @double yellow failing. IMO DY didn't fail. Difference being he made the decision to exit the business. Maybe it's splitting hairs, but he didn't have some sort of catastrophic breakdown to end it. No repo man or the like. One day he decided it was too much work for too little return and decided to do something else. And he did. I had the opportunity to meet him in person. I give him props for doing what he did. It probably takes more guts to pull the plug than it did to get started in the first place.

 

Re posted the short version, I blah blah sometimes...

 

....

 

Don't get me wrong, I love the guy. DY told me here how to dismantle my authority. Just my Landstar friend wanted to join me so I stayed because it IS hard to kill what took hard work to build. I ate 9 months of insurance and all costs waiting for him. So it was hard for him but I know he is happier doing what he is good at, managing and probably wall street. I too learned a lot from his thread.

Since you met him tell him DO NOT RENT to a third world tenant. They will destroy his unit by just being normal and destroy is putting it lightly.

 

I bought my truck for 15 and planned on dumping 7 into it before I even roll.

I have a little cash and a handful of credit cards to use in a pinch.

Have a house in SW Florida a mile from the beach with no mortgage that I could lean but refuse to because of the additional costs of wind and flood insurance .

It’s a stilt house. With a foamed on metal roof, it ain’t going nowhere.

Planned on leasing on with Mercer this summer after getting my year . Changed my mind and decided I would lease onto the direct side of our milk hauling operation hauling reefers.

No way I would sign on for 2600 a month for insurance to get my own authority

I have recently inherited a decent sum of money from my dads considerable amount of commercial property .

I wish I could leave my investment in the property and just live off the income ,but I have 6 other siblings and 4 of them want cash out, and the other is my older brother who has tons of commercial property and doesn’t want any partners.

Anyways the more I think about this game and have a little wealth again makes me not want to take on the liability of Trucking with every attorney out there gunning for you.

I got out of parasailing years ago because the liability was getting so bad with the lack of insurance you could buy.

It wasn’t bad when I was broke. But when you acquire a little bit of wealth you become a target in this day and age.

 

My dad has owned large commercial strip malls for 40 years. I managed a big one he owned down in Florida for a number of years.

Biggest failure rates were recently retired always wanted to own my own business types and recently acquired a inheritance along with restaurants.

We have a little pizza restaurant in one of the malls that has been there 35 years. I would have to take my shoes off to count the failed owners it has been through.

 

So true. People always want to take what you have. The bigger your business the more big competitors want to trip you up since your a threat. The more your wealth grows the more likely leaches will try and jump on it and suck you dry.

People think if your wealthy then you got it made and life is perfect. All that happens is you develop new types of problems.

I started pretty well dead broke and I’m far from rich but I can already tell these things from my journey along the way.

 

I Felt the same way about DY. You gotta know when to pull the plug.

I have many entrepreneurial conquests I have put a few years of my life into and decided the return was not worth it.

That boat in my profile my older brother designed and hand built all the plugs and molds and built 13 of them before pulling the plug on the business

Only to sell the tooling 4 years later after the economy improved to a couple guys who started Powerquest boats out of holland with them.

But my brother made a lot of money in the commercial construction business in those 4 years that he could have further failed in the boat building business .

Gotta Roll with the changes sometimes and know when to stop beating a Dead Horse because of your Pride.

 

My past dad has 2 ongoing lawsuits with a scumbag ACLU attorney that pretty much is a Shake down to the tune of $20,000 per a mall.

They have a Person with Disability ask to use one of the bathrooms and than takes pictures and measure all entrances and sinks and hand bars.

Even though these are not public bathrooms and were built to code 35 years ago they demand all updates to the new codes and all heights perfect as doorways

They spot out buildings that can not meet the codes and attack.

They got my buddies beachfront restaurant for 50 grand because it was easier to pay them off than meet their Handicap Requests or fight them in court.

Dad said Screw em. I’ll fight them. I know he has a ton in attorney fees into it already.

My brother will have to pay them off to get a release of judgement against the property