Urgent help needed
#1
01-11-2015, 12:51 AM
Urgent help needed
PLease i need advice. I have some money to invest in trucking businesss. I want to buy a truck and lease to a company . I dont drive trucks, i just want to buy a truck and lease it to a company and get paid every month or weekly or bi-weekly. I want to know how to go about it. please explain to me in detail. the type of truck i need to buy, how much am i expected to earn on this truck monthly and other useful information.i live in houston texas
#3
01-11-2015, 09:38 AM
By the time you pay the expenses on the truck, including paying a driver & their taxes, you'll be lucky to break even.
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#6
01-12-2015, 08:03 PM
Senior Board Member
Join Date: Dec 2006
Location: Somewhere between Rochester NY and Gaults' Gulch
Posts: 2,698
You'd be way better off investing in the market or precious metals or art or just about anything else. It's hard enough to make money and keep a truck going when YOUR the one driving it! Put a driver that doesn't care and thats a quick trip to bankruptcy. Put the money into something you know a little about.
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