Fleet of Trucks VS Real Estate?

Invest in the stock market couple good dividend paying stocks .Can sell in 5 seconds have all your money.alot of trucks alir of bs

 

If you are going to invest in real estate, I suggest attending county property tax auctions and learn up on them. Not sure how they work in your state as they differ, but in NY they are a great way to purchase property and some good deals can be had. Your not on the hook for back taxes other than the current year and once its finalized its yours for good for better or worse. Of course you still have to do your research for liens, easements etc.

 

Real estate.... beats trucks every time.

 

A fleet of trucks is like a school full of children to be fed and watered. Parts for food and fuel for water. Drain your money.

Real estate would be a better path, however you have to watch it. For example trying to buy boarded up row homes in Baltimore, you know not to buy the ones on the end. Those are the weakest and most prone to collapse at any time. Not to mention a huge amount of work to bring them to code considering the varnished hardwood, slate, crumbling brick and so on. Then the utilities etc. It would eat you alive. Because no one wants to live in Baltimore if they can help it.

Now if you for example had a farm for sale, say a thousand acres or so and bought it for a song, turned around and sold it to a developer for a couple of million so he or she can build a subdivision... you might have something going. But personally I don't particularly like it, Ive watched farms get paved over all my live into major cities.

 

I like how others think ...

Take it from a fleet owner, real estate.

Go to something like bigger pockets or lifestyles unlimited and get involved to learn a system and get some hand holding to build up a good business, learn how to do the tax thing and enjoy it.

Fleet owning is a b*****ch, I only know one person with a good size fleet making over 10% of a return.

 

Just remember the main rule of investment. The higher the reward, rhe higher the risk. Like you stated it takes a lot more work to manage that risk for a trucking company, but for some that work can be it's own reward.

 

I belong to a group who buys farm land to prevent development, and there is way more money in leasing it out or using it to produce timber, most of the land i have bought has been paid off.

 

I was just gonna tag you, LoL. Been gone from TTR for awhile, still trucking. My last boss, hauling asphalt here in Ohio lost his WHOLE fleet (only 5 Pete's but still) in his divorce; I would've had to mortgage my WHOLE real estate to even THINK about grabbing them... and the contracts for asphalt; totally seasonal.

I was so gonna tag you.. too karma like. I think you are correct, however.
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