Someone will run my truck and trailer Questions

Ok then go ahead and break into the industry , I did many years ago and I stay in it to this day. I’m an old man so im jaded. It’s true you can make money in anything even in trucking. I’ve just heard way to many ugly stories that start out with great intentions and passion but then .... ouch .... pain ....

How much $ are you planning to invest ? How much do you plan to pay for a truck ?

 

Well this is the problem, the failure rate for experience people is still over 85% and for the people who think they can make money without experience seems to be 95% failure.

So I would stick to real estate, and competition is good for you.

 

The only one that'll profit from this is your friend.

If you think real estate is competitive, wait until you're fighting with clowns in bagged out Freightliners held together with duct tape for $1/mile loads.

 

Ok so you have seen a P&L statement so that is better than most in the industry. What % return on invested capital do you think you can make ? 10% 15% .... 5% ?

Where is the freight coming from ?
What freight segment ? Dry van , refrigerated , flat bed or ?

Have you thought about going the opposite direction ? Loan your friend the capital and let him do ALL the work. Loan him the $150k at 12% per annum and you would be the lien holder on the equipment.

 

Your friend will receive 17% and have no risk.
See, he knows the risk.
Approach it the way Oakland suggests.

 

This is a very tuff industry with low profit margins.

 

Your success depends too much on others, Sounds like your friend needs a Banker as a friend. You’re assuming all the risk, and are the one who will pay the price.