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Re: Is it a good time to get in to the business?
I don't know that much about running a trucking business, so maybe I shouldn't throw in my 2 cents. It seems to me maybe you could make some money if you could buy 2 new trucks with cash and then have more cash to operate on. The only thing is buying those 2 new trucks is cost you somewhere between 200,000 and 250,000. Then you add in money to operate on and your looking at about 300 grand.
I don't know about everyone else and where they live, but me personly I could make a better long term investment with 300 grand than buying 2 trucks that are going to depreciate in value over time. With home forclosures on the rise I could buy some good rental properties, keep them up, have a steady source of additional income and the houses, if kept up correctly, will increase in value. Where I live at now I could take that 300,000 and buy 10 rental houses. I could easily get 400 dollars a month rent for those ten. That's 4,000 dollars a month or 48,000 a year. In 6.25 years I'll have grossed that 300k and still have money coming in. All I have to do from that point on is spend money on up keep and taxes. In 6 years it will be time for you to start thinking about replacing trucks. Again I'm no business guru. If I was going to start a trucking company I would get my own customers and build a fleet of O/O. Just a thought.
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The difference between Try and Triumph ... is a little "umph".
joe "batman" hodges
www.myspace.com/arkjarhead
EO works for me!!!!!
Even though I can't get the pic on here. lol
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