texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
JD2004, Texoma89, Cooksey, chonker007, eamATXfishing
117849 Registered Users
Top Posters(All Time)
TexDawg 112,208
hopalong 110,164
Bigbob_FTW 85,871
John175☮ 83,790
Pilothawk 82,615
Derek 🐝 67,933
Mark Perry 67,883
JDavis7873 67,414
Bob Davis 64,175
Forum Statistics
Forums60
Topics1,149,729
Posts15,699,179
Members142,849
Most Online36,273
Jan 23rd, 2013
Print Thread
Page 2 of 5 1 2 3 4 5
Re: Making a large purchase [Re: Bigbob_FTW] #14549737 11/29/22 05:36 PM
Joined: Jan 2018
Posts: 3,076
Notaguide Offline
TFF Team Angler
Offline
TFF Team Angler
Joined: Jan 2018
Posts: 3,076
Originally Posted by Bigbob_FTW
we're already in a resession.



Interesting this keeps being said. I can't throw a rock without hitting someone's new car.

Re: Making a large purchase [Re: Dave-0] #14549738 11/29/22 05:38 PM
Joined: May 2002
Posts: 64,175
B
Bob Davis Online Content
Bunkeroid Bob
Online Content
Bunkeroid Bob
B
Joined: May 2002
Posts: 64,175
You could most likely get some of your money back should the bidenflation continue spiraling up exponentially. Also, there is also no such word as "I'mma." Please refrain from using that unless you suffer some brain injury or something.

grin

$17K is not that big o deal either. New cars and trucks are at least $50K and up, same with boats and RVs. Go for it!


[Linked Image]
[Linked Image]



Foxtrot Juliet Bravo
Re: Making a large purchase [Re: Dave-0] #14549740 11/29/22 05:38 PM
Joined: Dec 2011
Posts: 1,063
J
JCBYEN Online Content
Extreme Angler
Online Content
Extreme Angler
J
Joined: Dec 2011
Posts: 1,063
Just do it! Find the best deal and go for it. Plus, you can write it off this year's taxes.

Re: Making a large purchase [Re: Dave-0] #14549745 11/29/22 05:41 PM
Joined: Sep 2005
Posts: 27,147
Brian Spagnola Offline
TFF Guru
Offline
TFF Guru
Joined: Sep 2005
Posts: 27,147
DAVE-O you wouldn't believe how many people I sell trucks to that do the dump trailers. I tend to quiz business owners how the operate. It sounds like an aweful good side hustle that could turn into a full time gig.

Re: Making a large purchase [Re: Grasshopperglock] #14549748 11/29/22 05:42 PM
Joined: Sep 2005
Posts: 27,147
Brian Spagnola Offline
TFF Guru
Offline
TFF Guru
Joined: Sep 2005
Posts: 27,147
Originally Posted by Grasshopperglock
I wouldn't buy it using someone else's money.


I'm my own bank. Borrow the money against a CD. My bank charges me 3% to handle the books.

The only creditor is me. I'm the buyer and financer. Any hit to the money....it's my money. I can repo it while it sitting in my yard. Sending late notices to myself.


That's awesome that you can do that, not an option for everyone.

Re: Making a large purchase [Re: Mark Perry] #14549751 11/29/22 05:44 PM
Joined: Jun 2011
Posts: 5,545
D
Dave-0 Online Content OP
DYSON
OP Online Content
DYSON
D
Joined: Jun 2011
Posts: 5,545
Originally Posted by hopalong
Do you have ag exe.ption? If so it will save you a ton on sales tax



I do for my tractor, yes. But land wise, no.

Originally Posted by Mark Perry
It's probably never going to be cheaper than it is right now.


Totally agree with this, honestly. My importer friend keeps telling me it will be cheaper in 2nd quarter next year. By what... $150? I would make twice that in one rental/delivery.


Laws won't fix a sin problem. What this world needs is a revival, change of the heart. ~The Skipper

Age is a number. Old is a lifestyle.
Re: Making a large purchase [Re: Chris B] #14549752 11/29/22 05:44 PM
Joined: May 2004
Posts: 11,906
Tiltman Offline
TFF Guru
Offline
TFF Guru
Joined: May 2004
Posts: 11,906
Originally Posted by Chris B
Things are certainly slowing down. I had electricians call yesterday and ask if they could come a few days earlier than I had scheduled them. Today I have eight electricians here doing a two man job. Supervisor said it was either send them here or home.


Our house build in Rockwall went from Slab mid Sept to ready for Sheetrock and Masonry today so they have accelerated the ones where customers have hung in there and paused all the drop outs. Interest rates creeping the right direction too fingers crossed.

Re: Making a large purchase [Re: Dave-0] #14549761 11/29/22 05:55 PM
Joined: May 2019
Posts: 4,279
A
avid_basser Offline
TFF Team Angler
Offline
TFF Team Angler
A
Joined: May 2019
Posts: 4,279
One thing to remember in all of this...gas / diesel prices.

As gas prices fluctuate, so can your profit margin. If you plan your rates accordingly, then you'll be good.

We had a few around here and they have all been busy recently, but when the gas was high, they were not listing their services as much and their quotes seemed to reflect the gas hike.


Last edited by avid_basser; 11/29/22 05:55 PM.
Re: Making a large purchase [Re: Dave-0] #14549768 11/29/22 05:59 PM
Joined: Jun 2010
Posts: 5,222
David Welcher Offline
TFF Celebrity
Offline
TFF Celebrity
Joined: Jun 2010
Posts: 5,222
Been in Construction for 45 years. DFW is a pretty safe place to be in Construction when it comes to a recession. We are in a recession right now, but all those folks who held off on building when covid came down, most have still been holding off because of supply and demand, when this little slow down is over it will take off again quicker than any place in the US.

Re: Making a large purchase [Re: Dave-0] #14549788 11/29/22 06:11 PM
Joined: Aug 2008
Posts: 1,253
CaptainCrunch Online Content
Extreme Angler
Online Content
Extreme Angler
Joined: Aug 2008
Posts: 1,253
Could you also use this trailer for hot shot deliveries while your primary business is ramping up?

Re: Making a large purchase [Re: CaptainCrunch] #14549830 11/29/22 06:49 PM
Joined: Jun 2011
Posts: 5,545
D
Dave-0 Online Content OP
DYSON
OP Online Content
DYSON
D
Joined: Jun 2011
Posts: 5,545
Originally Posted by Grasshopperglock
I wouldn't buy it using someone else's money.


I'm my own bank. Borrow the money against a CD. My bank charges me 3% to handle the books.

The only creditor is me. I'm the buyer and financer. Any hit to the money....it's my money. I can repo it while it sitting in my yard. Sending late notices to myself.



Although I don't have that option, my credit union has me locked in at 4.25% right now. And I know if anything, I will always be able to make the payment.



Originally Posted by CaptainCrunch
Could you also use this trailer for hot shot deliveries while your primary business is ramping up?


That was part of my agenda, equipment and supply deliveries. The trailer is going to be 18K lb GVW so I can haul most anything my truck will pull...and my truck is a well maintained pulling machine. Have my CDL, so I'm ready to go! Skid loaders, mini excavators, bricks, sand, gravel, dirt, mulch, tractors, Mama June....




[Linked Image]


Oh HELL! I didn't know she was monitoring this thread!!! bolt


Laws won't fix a sin problem. What this world needs is a revival, change of the heart. ~The Skipper

Age is a number. Old is a lifestyle.
Re: Making a large purchase [Re: Dave-0] #14549832 11/29/22 06:49 PM
Joined: Jun 2011
Posts: 5,545
D
Dave-0 Online Content OP
DYSON
OP Online Content
DYSON
D
Joined: Jun 2011
Posts: 5,545
roflmao roflmao roflmao


Laws won't fix a sin problem. What this world needs is a revival, change of the heart. ~The Skipper

Age is a number. Old is a lifestyle.
Re: Making a large purchase [Re: Dave-0] #14549861 11/29/22 07:15 PM
Joined: Feb 2009
Posts: 38,357
K
Kattelyn Offline
Little Psycho Coffee
Offline
Little Psycho Coffee
K
Joined: Feb 2009
Posts: 38,357
Originally Posted by Dave-0
So, need some collective input. I'm wanting to purchase a large dump trailer as a investment/asset. I'mma have to borrow the money, but it's the cheapest money I'll ever have to borrow. This would be a large purchase that would not break us by any means, but still, it's gonna be a big pill to swallow. I've watched auction houses and used trailers are going for every penny of, if not more, than a brand new trailer (blows my mind) so I might as well order what I want and use the chit out of it. I know I can make money with it and pay off the loan. I'm wanting to do this NOW so I can start getting my name out there for the busy spring season.

Here's my problem. Everybody is screaming of a recession coming up. A LOT of indicators of such, are going off like signal flares, but I want to get this going. I've waited for 9 months now with out pulling the trigger and it's like now or nothing. Been listening to people spouting off the doom and gloom forever about were heading into a depression to rival world history. Hasn't happened in the last 9 months I've been hearing it. All these rumors about the entire continent is going to run out of diesel in 23 days...which was over 30 days ago and diesel has done nothing but fall in prices so far.

Would you be willing to make a $17K purchase (that you know you can make money with) right now? Like I said, not going to really hurt us financially, but it's not a small bump in the road either. Would really appreciate the OT's opinion.


Yes. Absolutely. If you feel comfortable and the money is right, go for it.

We did pretty much the same thing with the solar and battery combo. The economy as a whole isn’t about to tank. We’re dealing with a little bit of remaining backup due to the pandemic, and a little bump due to the tariffs on China from a few years back. We’re going to have some problems due to the harvest disruptions in Ukraine messing up European markets and creating a ripple effect of need from further sources. But it’s not going to get much worse than now over the next 6 months, and then I think it’ll lift barring anything else blowing up.

Re: Making a large purchase [Re: Kattelyn] #14549896 11/29/22 07:37 PM
Joined: Jan 2007
Posts: 13,255
Happykamper Online Content
TFF Guru
Online Content
TFF Guru
Joined: Jan 2007
Posts: 13,255
Go for it, I started my first business in 1985, not a great time, it is still going strong, started another business in 2008, not a great time, it is booming now, good luck.


[Linked Image]
Re: Making a large purchase [Re: Notaguide] #14549996 11/29/22 09:14 PM
Joined: Oct 2006
Posts: 85,871
Bigbob_FTW Online Content
Big Sprocket Bob
Online Content
Big Sprocket Bob
Joined: Oct 2006
Posts: 85,871
Originally Posted by Notaguide
Originally Posted by Bigbob_FTW
we're already in a resession.



Interesting this keeps being said. I can't throw a rock without hitting someone's new car.


Be that as it may be, by definition, we are in a recession.


[Linked Image][Linked Image] FJB
Page 2 of 5 1 2 3 4 5
Previous Thread
Index
Next Thread

© 1998-2022 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3