If you had over $100k?

A 100k is pocket change in the trucking industry. How about a serious question?

 

Down payment on an income property, preferably amodest fixer so you can get some sweat equity too.Just make danged sure it cash flows right out the gate.

 

100k? get the strippers and the JD, JB, So Co 100 proof and wild turkey 101 because it's a party

 

Well if you have debt I would first pay that off. After all debts are paid I would look at either investing into a good growth stock mutual fund or getting a fixer upper for cheap and flipping it for a profit.

 

Take my truck to a shop and get new:

Inframe
Turbo
Dif
Trans
Supper singles
Mufflers
exast
Anything else that will save fuel
Shower and sink in truck
APU
the best seats money can buy
doors that close on the first try
remote start and power locks


Get gauges fixed
Get 3 axle alignment

I might get a beagle to

 

Bring back idle air in different fruit flavors. Freshen up them trucks

 

let's see! $75k. I would split it up and use the weak economy and buy some 4 plex apartment buildings in a tropical hot spot. daytona for example. I would hire a property managemnt company to handle the rental part of it. sit back and collect $5k a month off the appartments. put that into savings keep working my job. and by the time i decided to retire. I would have the capiyol to live on. and i would sell the 4 plexs for a healthy profit. and maybe look into another type of real estate or income property. somthing larger with more profit. and i would sit back and enjoy retirement knowing that I don't have to worry so much about money or where my next meal is going to come from. the last thing i would do is start a trucking company or buy a semi. it's a poor way to make living. the expenses are high. and the profits are too low to consider starting a trucking company. plus many trucking companies fail with in the first year due to lack of business experience and funding needed to keep the business afloat on. income properties are better and less problem matic. plus it goes up in value. trucks go down in value.

 

you know.

when i was working construction. there's a couple of companies that recycle asphalt and concrete into fresh roadbase. unlike some of the other companies that are making it from the land they own.

they bought some small property. and a crusher machine. they charge for all loads coming in. $75 a load. end dumps were $60. they recycle. and sell it for $10 a ton going out. that was the going rate before i left so it may be higher now.

their only cost was maintanace on the machine and fuel for the generator to supply the electricity to run the machine and office and scale.

they were making money for material coming in and making money for that same material to go out. nothing else was bought other then fuel and repairs.

now that's a way to make money.

as for the other companies making roadbase off the land. they were also making other things. off the land. and they also took in material. but they charged more for dumping and selling.

 

Show me the numbers where you can cash flow 5K per month on a 100K investment.

 

40K in a GLD spider. 20K in a Vanguard active management account. 20K in a Pimco muni bond fund. 10k in some sort of REIT. 10K on bad women and good booze.