Thinking about buying a single axle and becoming an O/O

Wanna know why you see 1 hotshot set up for every 100 flatbed trucks? Because its not a real money maker. Sure when the market is up, especially oilfield, there's work. But let market drop then what are you gonna haul?

With a tandem semi, you can run multiple trailers and be more diverse.

You know what I'd try to do? Find a lawyer and see about getting that DUI removed from your record or atleast reduced to something else if possible (just takes some $).

Then talk to your buddy and see about running a truck for him. Get your feet wet and learn the industry.

 

Well depending on which route you take Hotshot insurance may be a little cheaper than semi insurance, but being that you are New again with no CDL and having lost it due to dui for 4 years its gonna be tough to get insurace... They are gonna want probably $30,000 premium for first year with 30% down so thats $9,000 and then whichever truck you choose... No experience your gonna pay probably $10,000 down if not more...

To get your CDL is gonna be around $3500-$4000 depending on which school you choose...
So that right there is what $23,000 in and then don't forget all the other documents you need
IFTA, Authority, Plates, Trailer, Maintenance account... so yea $35,000 is a good number to be at...

Do your research man there is more to it than going out and buying a truck/trailer and slapping a name on it... What about relationships with customers/brokers...
What about all the documents and filings you have to do each year... Audits, etc...
I swear you kids don't have a fricken clue what it takes to run a business...

 

You get free parts and labor to fix a truck when it breaks down? If so hook me up with that.

 

I think the membership is something like $45.00 a year, but not sure if it's still that.

 

Just my two cents. I would get the cdl- pay for it yourself. Then get in touch with your friend or another company and go to work as a mechanic. Make sure you work at a place with someone who will teach you. You will learn about fixing the truck and trailer when it breaks. While you’re doing that- get with a lawyer and get rid of that DUI if you can. If you don’t hate trucks by then- be a company driver for at least a year. If you don’t hate trucks by then- buy one and go for it! Also, while you’re doing this keep saving money towards it. Do it! Our industry needs motivated people who came up through the shop!

 

How old are you?
What's wrong with current job? Seems you make enough to save some.
If you hate your job I can understand, but if you can live with it then I would rethink this.
You have a long row to hoe till DUI is 10 years old.
Do not quit current job till you have absolutely EVERYTHING in place and tripled checked.
Hope you the best.

 

Are you on probation for the conviction? If so you need to make sure you have permission to leave the state.