I inherited over 100 grand...what would you do

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Ok I thought a bit more on your original posted question as it relates to becoming an owner operator.
You wanted to know if you could use the money to become an O/O.
Simple answer to that question is YES.
You have experience trucking. Im assuming you now have good credit as you paid all debts owing and a debt free?
You have plenty of available cash.
You could by all means go out and put a good down payment on a new truck, with your credit and experience you shouldnt have any trouble getting financed. A new truck will put you "in debt" but as a business investment its a sound idea. You have a warrenty, you have a new truck so things like tires ,brakes,clutch etc are good to go for the next few years. New trucks have problems but much less risk than buying used (usually!).
You want to be getting the best mpg as possible so dont buy until you know what youre going to be hauling. You need to spec the truck to match the job its going to be doing.
As for a trailer , well that depends entirely on what you want to haul. Everyone says go for a deck but you can do well hauling produce with a reefer , or hauling livestock. Both require a degree of experience but having driven a tanker for so long i think you would be ok with livestock just thinking on the dynamics of the loads and driving styles are similar. As for produce well take a look at the shiny large cars hauling 48 foot spreads on the highways. They dont get shiny trucks and trailers like that hauling cheap freight.
I looked into leasing a full service lease through a trailer dealer in canada called "Maxim". Google it for an idea of whats out there beside purchasing your own wagon.
I personally think youre going to have to nail down EXACTLY what type of hauling you want to do then come up with a definitive business plan. Then start researching as much as you can about your area of operation to see if its viable or not in that area to do what you want.
As has been said if youre in Texas and oil field work is paying then think of getting into crude or water hauling. You have the tanker experience so stick with what you know and build from there.

 

If you wanna buy a truck, buy two...... ice cream trucks.. one for you, one for the g/f... You can drive whenever you want to, nice and slow, makin money like there's no tomorrow.

The markup on some of that stuff is 400%... That means you sell a ice cream sandwich to some runny nosed kid for a buck, you make .75 cents! You drive to a neighborhood, turn that #### PA system on and they'll run towards you like Obama voters on Welfare check day.. If you don't clear $5-10 every time you stop, I'd be amazed.. If you don't make what you want, find another neighborhood..

With you and the G/F running trucks, you'll make your money back in no time..

You need an old postal truck, a plate freezer, inverter, cd or cassette player, and a PA system.. Lotsa stickers but, a lot of your suppliers will give those you you.. Plug the freezer in at night and it'll run without power over ten hours depending on how hot it is..

Get on Craigslist and find a couple trucks..

Screw all that investment crap.. Nobody is giving away free money these days..

Flipping houses?? BS.. They can't even do it with the pro's on TV.. They had the one show I think was called FLip this house or somethin, folks went in, bought a flea trap for $100k, put $20k in it and realtor told them ask $200k.. Well guess what, after a couple of seasons, they added a little something to that show. It was a followup.. The folks ended up sitting on the house for 6 months, dropping thier price two or three times and ended up barely makin $25K after pissin all thier relatives off they borrowed the money from..

The only other reasonable reply I've seen involves marryin SkateboardMan's wife's sister.. Sounds like her family got him on the right path..

Best of luck!

 

Listen to me guy, If you buy a truck out of that money, use only about $10,000 on a good used truck, they all haul the same, as long as your engine is good. You're not looking to live in it, you're looking to make money with it. Then use another $30,000 and invest in a condo in a gated community, keep it or rent it. Now you have two forms of income coming in. Lease your truck to a good company who's fair and will keep it busy, then find a GOOD driver. Then take about $10,000 and start looking into investing in some other countries, one of my favs is Costa Rica, the exchange rate there is crazy.. example $2,500 US DOLLARS - $1.3 million in Costa Rica...don't believe me? look it up www.xe.com After you do a little traveling and a little research to these different places, you'll have a much better and broader idea and focus on what you really want to do. Remember, you have $130,000 - $10,000 (TRUCK) - $30,000 (CONDO)......You still have $90,000 left ...even if you put $30,000 in a money market account and banked a little in a high-interest swiss account, you can't lose...believe me, I know. #TRUTH #DontBelieveTheHype #YouCanDoIt KEEP ON TRUCKIN'

 

LOL @grumpygrizzly LOL @ FLEA TRAP LOL

 

My wife put the pressure on me to do the same, so I threw in the towel and went for it & it really paid off. Bought 5 condo's in a gated community in the Orient and a couple in Nevada; live in one & rent the others. Even if you have house payments, if you're careful you can rent for much more than the payment, so the condo's pay for themselves & the association fees plus make a profit. It can be done & if I did it, most any trucker can. I'm not well educated at all; the wife has an MBA, but I'm just average Joe.

 

yes that would be me and yes I usually do.

 

listen listen listen

 

Your wife is smart Chinatown...LISTEN TO HER