Welcome all to my post!
So I find my self looking into buying a used truck in the years range (2014-2017) in the mileage range of 400K-600K preferably in the lower end of the range maybe toward the end of this year but definitely first thing in the new year if all goes well. I want to buy the truck and be the sole owner of it. However, I don't want to insure the truck or be the driver of the truck instead I want to lease the truck on to a company that would cover the insurance and hires it own driver. I basically want to get a cut of the weekly revenues for passive income. I am fairly new to the trucking industry, I do have my Class A CDL but trying to stay out of the driver seat but make some money by owning the truck - whatever percentage we agree on. Can anyone guide me or give me your opinion of what are some of the steps or things that I need to do in order to be able to accomplish this. Thank you in advance.
BxTrucker
So I find my self looking into buying a used truck in the years range (2014-2017) in the mileage range of 400K-600K preferably in the lower end of the range maybe toward the end of this year but definitely first thing in the new year if all goes well. I want to buy the truck and be the sole owner of it. However, I don't want to insure the truck or be the driver of the truck instead I want to lease the truck on to a company that would cover the insurance and hires it own driver. I basically want to get a cut of the weekly revenues for passive income. I am fairly new to the trucking industry, I do have my Class A CDL but trying to stay out of the driver seat but make some money by owning the truck - whatever percentage we agree on. Can anyone guide me or give me your opinion of what are some of the steps or things that I need to do in order to be able to accomplish this. Thank you in advance.
BxTrucker