Remote/Absentee ownership of a trucking operation

Discussion in 'Ask An Owner Operator' started by reach_san, Sep 2, 2023.

  1. Cat sdp

    Cat sdp . .

    20,988
    73,257
    Apr 8, 2012
    Orion's Belt
    0
    Short term US treasury’s are paying 5%
    0.0 risk……
     
    Siinman, tscottme and AModelCat Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Ridgeline

    Ridgeline Road Train Member

    22,406
    116,530
    Dec 18, 2011
    Michigan
    0
    because they are making the $150k off of it.
    It is illegal, the FTC and SEC has been chasing things like this for decades. there has to be a lot more than just an offer on the table, like a track record, relationship between parties and most of all the type of investor you are.
     
    JoeyJunk, Bean Jr. and tscottme Thank this.
  4. AModelCat

    AModelCat Road Train Member

    29,222
    159,363
    Jul 7, 2015
    Canuckistan
    0
    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.
     
    TripleSix, Siinman, Vampire and 3 others Thank this.
  5. Movingismylifeilovemoving

    Movingismylifeilovemoving Light Load Member

    230
    292
    Aug 5, 2015
    0
    This is a real thing, yet, it defies reality. Lol.

    Op should get a cdl and go to hurricane
     
    Siinman, Vampire, JoeyJunk and 2 others Thank this.
  6. Arctic_fox

    Arctic_fox Experienced mx13 execrator

    4,083
    21,206
    Sep 16, 2016
    0
    Its because starting a business related to trucking is dead easy compared to most other types of businesses nowadays. And most people barely understand just how complcated trucking actully is, let alone all the crap connected to and fuled by trucking. Want to start a restraunt for example? Better have deep pockets. You need the restraunt including the land, buildings, equipment, suppliers, people licnesed to serve food, inspections, and a million and one other things. Aint getting your foot in the door for less then 100K no way no how. And its the same for most other shops.

    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.
     
    JoeyJunk, Bean Jr., Feedman and 3 others Thank this.
  7. tscottme

    tscottme Road Train Member

    In any deal if you aren't shrewd enough to swindle the opponent, if you wanted to, you are probably the "fresh meat" at the poker table. The $150k is certain, the 3-10% return is a projection. Wouldn't the company be swamped with people giving them money if they had a record of producing those results? Have them send all of the financial and legal documents to you attorney and let him look at the offer. If you want to do this without an attorney, just mail them $150k and wave as it leaves your hands.
     
    JoeyJunk and Feedman Thank this.
  8. Short Fuse EOD

    Short Fuse EOD Road Train Member

    2,774
    8,667
    Jul 29, 2015
    Midwest
    0
    Epic response.
     
  9. PSM379

    PSM379 Heavy Load Member

    903
    3,671
    Apr 19, 2019
    0
    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.
  10. roundhouse

    roundhouse Road Train Member

    3,170
    7,210
    Jul 11, 2018
    0
    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 .
     
    tscottme and JoeyJunk Thank this.
  11. Keepforgettingmypassword

    Keepforgettingmypassword Heavy Load Member

    738
    938
    Jan 11, 2022
    0
    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
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.