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Posted: 9 years, 9 months ago
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Selling the rental property -gonna go TEAM
Posted: 9 years, 9 months ago
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Selling the rental property -gonna go TEAM
He said 50k NET. They're not gonna double their income with 100k gross.
Ummm... How so? Assuming they file married jointly and don't have a ton of deductions... insurance and taxes (State, Federal, FICO, etc, etc) are going to eat up somewhere around 25 to 30 thousand... so that 100k gross is starting to look more like 70k NET? Am I missing something?
I have a friend running ALL the time in his own truck and he has shown me that he makes 160 K NET yr , so I'm thinking 150 net is within reach running team .
Posted: 9 years, 9 months ago
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Selling the rental property -gonna go TEAM
Each to his own and wish you well, but why in the world would you want to give up $50K a year of passive income as a Landlord? If you are tired of property management, why not turn it over to a property management firm, pay them their 10%, and enjoy the remaining $45K? I have been driving now for two years and, yes, there are lots to like about driving the big rigs. But, it is not a life of ease. There are plenty of frustrations in this industry for drivers and owner operators have their own set of problems. Nevertheless, the money is here, but you do earn every penny of it and then some, in my opinion.
I just want something different - too many tenants to deal with, too much stuff to go wrong caused by other people . I can deal ok with MY problems , but tenants are just abusive and the Law ain't on the landlords side .
Posted: 9 years, 9 months ago
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Selling the rental property -gonna go TEAM
I've had it with being a land lord .Selling off the property her in the Up-state of South Carolina .The wifey and I are thinking about the ROAD. What can be expected earnings after 2 years ? We are also thinking about getting into Hot Shot driving . I can buy ANY rig I want .Not really decided on the best path. Making NET 50 K yr doing the land lord thing , bit wanna do something different . Input would be well considered , THANKS !!!
Posted: 9 years, 9 months ago
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Team driving ...Who's watching
The wife and I are thinking about going to school or a company plan . Not sure f the best program. I think we could earn about $150 K per year. I know the IRS allows for 'per diem expensing at something like $50/ .I wonder if that would apply for both of us each day. Also lets say the wife gets a head ache while on HER shift , who's to know who is driving ? Its seems to me a team could practically run unlimited time . All answers would be appreciated.
Posted: 9 years, 11 months ago
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A trucker I know tells me he is running his own truck and moving Landstar trailers.He runs solo.Says he will NET $160 K for ONE year.He has been driving for 4 years. Does this appear to be possible ? Wife and I want to run team in 2 years, I'm wondering what we could earn running a company truck . Replies will be appreciated .
Posted: 9 years, 11 months ago
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Wife and I want to be truckers.
Hey Jopa- thanks for the reply.I'm reading all I can find . I'll check out your advice .
Posted: 9 years, 11 months ago
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Wife and I want to be truckers.
I used to live on the road , crossing the USA from NY to So Cal 6 times a year from February well into December. All kinds of roads and weather pulling my load behind me .Thing was , I was riding my motorcycle and pulling my service tools behind me and living in a tent .I made my living doing service work at BMW motorcycle camp-outs and picking up odd jobs between week-end events . It was a GREAT life ! Sometimes very lonely and cold and dangerous.Got to see so many good and bad things. The new wife and I would like to get out of the land-lording / property management life style ( ?) that I have been immersed in for the past 20 years.We are thinking about doing Team Driving and maybe even buying a truck.A friend says he is running his own truck by himself and earning $150k /yr after expenses... I'm thinking the wife and I can earn more. I'd really like to hear from some folks .We would like to haul 9 month per year and RIDE the old BMW the rest of the year.She is mid 40's and I'm late 50's. LOTS of years left to live ! Any advice / insight would be appreciated.
Posted: 9 years, 9 months ago
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Selling the rental property -gonna go TEAM
OK so all the above was very convincing that after 2-3 yrs a team with a good company running the company truck will net about $120 yr if all goes well ...Whats the MOST under ideal conditions, running as a single driver ,in a company truck could earn then WHY couldn't that number be DOUBLED with TWO as a team ?