I am looking into investing in trucking(oil field) any advice?

Discussion in 'Ask An Owner Operator' started by JohnnyBoy0787, Oct 21, 2020.

  1. JohnnyBoy0787

    JohnnyBoy0787 Bobtail Member

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    Oct 21, 2020
    El Paso Texas
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    I am looking into investing in trucking, I’d like to buy a truck and have my brother drive for me in Midland Texas. Any suggestions or advice is well appreciated.
     
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  3. jlafume

    jlafume Light Load Member

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    Jan 6, 2011
    Victorville,Ca
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    Dont do it working with family is the worst. I tried it with my brother it went horrible. Is your brother gonna invest anything in the buisness??
     
  4. Ridgeline

    Ridgeline Road Train Member

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    Michigan
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    Lend him the money to buy some real estate, better return.
     
  5. uncleal13

    uncleal13 Road Train Member

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    Everyone I know that tried a deal like this always gets stuck with the truck. The driver (relative) has no skin in the game and at some point WILL walk away.
    Then you got to find a driver.
     
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  6. HillbillyDeluxeTruck

    HillbillyDeluxeTruck Road Train Member

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    San Antone
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    Sounds like a solid business plan.
     
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  7. mud23609

    mud23609 Medium Load Member

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    Instead of the truck how about buying the ocean front property I have for sale in AZ. Right now both investments are equally risky.
     
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  8. magoo68

    magoo68 Road Train Member

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    st malo mb canada
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    Me and my brother hardly speak to each other after being in business together 25 years ago.. in our case we were partners but one partner liked writing a extra cheque for himself occasionally . Maybe with him working for you it won’t affect your relationship if he really needed the job.
     
  9. GoneButNotForgotten

    GoneButNotForgotten Medium Load Member

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    Roxboro, N.C.
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    An awful lot of threads lately similar to this one (usually first time posters). Has the pandemic caused more people than usual to look at trucking as an investment because it has the appearance of still rolling strong?
     
  10. jlafume

    jlafume Light Load Member

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    Jan 6, 2011
    Victorville,Ca
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    Its alwayz like this, we have a couple Gud months and everyone thinks they can get rich
     
  11. Midwest Trucker

    Midwest Trucker Road Train Member

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    Like I’ve said before... I started my business 13 yrs ago with my brother, 8 yrs ago I bought him out. We started talking again about 10 months ago. Do the math.
     
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