Trucking Vs Real Estate

Topic 24255 | Page 1

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Aaron M.'s Comment
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If there is already a post on this subject, the mods can either delete this post or merge it with the other one.

I saw a youtube video about a guy who said that owning your own truck was more lucrative than real estate. To be clear he meant being a landlord and renting out properties. Obviously, selling homes or flipping properties makes FAR more money than trucking.

His main argument is that it takes a month just to make an extra $300 or so if you have a tenant (mortgage is $700, you change $1000 in rent for a $300 profit, not including other utilites, maintenence and taxes). He said with trucking you can make $1500 a day. Therefore, owning a truck business is better.

I read some of the comments and one guy disagreed VERY strongly. He said himself that he owns a small trucking fleet and although he makes a profit its nothing compared to what he does in real estate.

I personally don't know what to think. I do know that profit margins in trucking are very slim and any profits you do make can disappear with a breakdown. I tried the truck lease thing a year ago and failed so badly I'm surprised I didn't get locked up for it. Never again will I do that.

However renting properties, although it may not carry as much risk, if you have bad tenants they can possibly ruin you. Seeking good tenants is ideal, but usually you may need to raise the rent, which reduces the amount of people who are willing to rent out your place, which eats into your money pool. That mortgage doesn't stop.

What do ya'll think?

SAP:

Substance Abuse Professional

The Substance Abuse Professional (SAP) is a person who evaluates employees who have violated a DOT drug and alcohol program regulation and makes recommendations concerning education, treatment, follow-up testing, and aftercare.

Old School's Comment
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He said with trucking you can make $1500 a day.

Aaron, you already know this guy has no credibility. You got yourself into the trucking business once. Were you making 1,500 dollars a day?

Let's do the math. Let's say you stayed home 52 days out of the year and worked only 300 days at 1,500 dollars a day. You would be making $450,000 dollars per year!

Aaron, have you ever met any truckers who are living in big fancy neighborhoods? I came from a family of real estate investors. They had farms and vacation homes and commercial properties. They took risks, but they made some huge margins. Everything they invested in always increased in value over the years. I have yet to see a big rig running 150,000 miles a year ever increase in value. No, they depreciate very rapidly.

I hope I cleared up some of that nonsense that internet moron tried to confuse you with. smile.gif

Aaron M.'s Comment
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Yeah, I knew he was lying. That's why so many people called him out on it. I have no experience in real estate but from what I have heard it is far better at making money than in trucking.

Rainy 's Comment
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Real estate can appreciate, trucks always depreciate. enough said.

Jrod's Comment
member avatar

double-quotes-start.png

He said with trucking you can make $1500 a day.

double-quotes-end.png

Aaron, you already know this guy has no credibility. You got yourself into the trucking business once. Were you making 1,500 dollars a day?

Maybe... just giving the benefit of the doubt as we are hearing this 2nd or 3rd hand... maybe the person stating this had a small fleet of trucks, like 4-6 trucks and was making $1500 per day.

OR

Maybe it was smaller and he meant $1500 per day before expenses, like the house was making him $300 before expenses...

OR

Maybe he's full of packing plant rendering material...

Grumpy Old Man's Comment
member avatar

Being a landlord sucks.

Buying and selling is where the money is

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