Remote/Absentee ownership of a trucking operation
Discussion in 'Ask An Owner Operator' started by reach_san, Sep 2, 2023.
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There is NO WAY you're going to make a 30%+ return per year with someone else running your business. I doubt owner operators are seeing that sort of return.
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This is a real thing, yet, it defies reality. Lol.
Op should get a cdl and go to hurricane -
Bout the only things even comparable are stuff like electricians or plumbers and even those are much more complicated compared to trucking. Want to be an owner op? 20k or even less will get your ### in a newish plastic truck. Many companys will also happily fleace a truck out to their own drivers for more or less free. Combine that with peoples general total lack of knowledge about how this industry works and how well literally everything connects to each other......
Well you get a lot of people who are barely qualifed to operate a toilet trying to start and run a business and a lot of easy to be snatched money flowing out of them which they dont even understand what it goes to. And as such there are a HUGE number of people who think its a cheap easy investment which of course attracts a lot of really clever scamers. Afterall many will try to compare a semi to a car. A car only costs say $500 a month and almost never breaks down and tires are like a hundred bucks and it only costs like $80 a week to fill. So throwing 150k at a truck must SURELY be a good investment. Mostly because they dont have any knowledge about anything.
So scamers walk in and can sweet talk people with loads of BS that would make your average politician blanch and gey away with it too. All because these people know NOTHING about anything related to this industry and all the other crap that by nessesity are attached to it. Try to explain fuel surcharges to random person sometime. Or JIT logistics or how stuff goes to multiple factorys, DCs, stores and everything involved in turning that metalic chunk of rock pulled out of the dirt into your new end table. -
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Siinman, Keepforgettingmypassword and Bean Jr. Thank this.
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My wife’s cousin called me so excited 1 evening, with this same venture lol. I saved him a headache. Guys name was Ryan with “all done consulting” what a clown
Siinman, JoeyJunk and blairandgretchen Thank this. -
If you got $150k laying around and you’re wondering what to do with it,
spend $250 and do the Lifestyles Unlimited real estate class .
i wouldn’t hand over $150k to a stranger
even investing it in syndicated apartment properties with lifestyles , I’d spread it around three or four properties.
With trucking , you gotta know what you’re doing to make any money as the owner operator .
There simply isn’t enough profit left over to pay the expenses pay the driver and have any left over for the investor .
Simply not enough meat on the bone .
plus these kind of people are going to lie about the expenses so if there ever is any profit to pay you back , they will figure out a way to keep it for themselves . -
Where all glad you came here and since no one threw the numbers at you I will.
Your return will be 4 to 16k a month return. I can see that on several levels but maybe not the spot market.
Your driver is 1,200 to 1,600 a week. Fuel 800 to 1600 a week. You revenue could be 16k coming in a month and with all the little fees I didn't mention or even 1 break down it can be 18k going out.
Now let's say you have a friend that has been driving for quite some time and you want to invest I them. 30k is more than enough depending on there avenue.
Other than that is black-odd-18
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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