How I got my first tow truck with no money

[@LawrenceAccountability]

$8000 is what I paid for my first truck. I spent quite a bit in that first year fixing it up, but it was money the truck was earning, not cash out of my pocket. Don’t be afraid, get moving!

[@slimmater328]

So I’m thinking of starting a tow business, and I’m just curious if you could tell me what your yearly income average is? I’ve done some research and I see really low numbers and some numbers that seem like a multi-truck service. I’m not trying to get rich, just live comfortably.

[@manywaysofincome2528]

8000?? i haven't seen anything under 18k

[@marcosmendez324]

8K??? sounds like it was a beat up old truck?

[@Shepherdservices317]

Was this in the 70s? Lok

[@timothymachira750]

Thank you, Luis, for an insightful video. I am a new tow truck owner and looking for all the advice I can get.

[@franklinmason3233]

Glad I ran into your video I been trying to find a way to get my own truck for the longest

[@darrionkeeling4688]

Did it work for you

[@LovebelowPrince24]

??

[@carlossantahernandez1022]

Idk how I ran into this but weather it works or not you push me to continue my dream!! Appreciate it good bless

[@towuniverse2443]

Thank you for the compliment. Becareful, i dont recommend beacon. I leased 6 trucks through them over the years and the last one they screwed me on, costing me around 40k in repairs

[@Void-gn9zm]

@@towuniverse2443So in the video you recommend them... and now you're bashing Beacon Funding? What?

[@elmaleanteoccanaltrans6781]

Luis thank you for the information.. that's the kind of videos I like to see. Now I have idea where to start...

[@guardingwbunionman9038]

Thinking about going into the business, very helpful. Clear professional and sincere advice.. Much appreciated...looking forward to other post on this chanel

[@towuniverse2443]

Glad it was helpful!

[@mrlynnjr]

i was losing hope im sick of working for the man i love towing its been in my blood thats where my heart is i run Tow Truck Operators USA and this video has gave me some hope all i been getting is no and no and no thank you for making this video

[@sam3d]

It hurts my eyeball when some one forgets to use punctuation like that!

[@polarisridda101]

Oh wow I'm so glad I clicked on your video! I am trying to start a small business too! I am an HVAC technician now even though I am new to the trade, my father has been doing technician work for almost 50 years. I also work with a military veterian who's a master plumber for almost 10years. Sadly we never had the time or funding to start anywhere. I have learned a great deal of technician work from them through out my life and after going to almost 3 HVAC jobs, I finally decided to go out on my own helping people and businesses out with there systems making recommendations only when needed! I heard you are in Middletown NY that's cool! I am local as well! I started my business with my little brother, my father, and our family friend. Every call I get I take my little brother to watch me and learn and if I can't figure out the problem I could always call my dad or my friend. Some people are kind and understanding so why take advantage of them and that's why my prices are fair compared to all the major companies out there (some of which I used to work for). Anyway great video and I appreciate the information I will definitely look into it to hopefully try and start my own business and pass it on! 👍 Thank you!

[@towuniverse2443]

Thanks for watching.

[@rainypath96]

how is your business going? I thought there was good money in hvac. At least enough to raise capital to start a business

[@danielcervantes3779]

@@rainypath96 if you own the company yes. If not, tough cookies.

[@dlrexpressllc]

I'm going to check them out. I need my own truck now

[@ifeanyiugbo8362]

You don’t have any choice but to be great, your business is going to grow so huge that it might startle you but it seems like you’ll manage! Keep passing on knowledge.

[@towuniverse2443]

Thanks

[@OpAnimator64]

@@towuniverse2443 hi sir we have a towing truck we just bought but it’s hard to get jobs please help me on how to keep our truck busy if for example an app or anything will help

[@towuniverse2443]

@@OpAnimator64 i offer consultation for a fee. If your interested email me [e-mail]

[@omfug8593]

I started with a 1996 Dodge Ram 3500 wheel lift tow truck, bought it in 1998 with a Vulcan 801 and still use it every day with 600,000 miles on it, I will never sell it, these newer trucks suck and are to costly

[@exclusivethingz2719]

Thank you so much for this insight it really helped me 🙏🏿🙏🏿🙏🏿

[@caddellbachelor3062]

Thanks for sharing your experience. The knowledge you shared will definitely help me and others. I'm subscribed brother!

[@oniellevy6903]

I am actually getting my truck and it only took a week for the process through beacon funding. Easy process and don debow is really a great guy.

[@towuniverse2443]

Glad to hear. Wishing you success.

[@donjuan4925]

You put any money down? Whats your credit score as well? (If you dont mind me asking)

[@ncp3077]

@@towuniverse2443 How did you build clientele?

[@towuniverse2443]

@@ncp3077 professionalism and the ability to talk to people goes a long way. I am constantly handing out business cards. I also have one of the best ditigal marketing guys out there. If you want his info just shoot me an email [e-mail]

[@brandonm127]

Do you need a yard when you have a tow truck?

[@1alexmm858]

I got my first tow truck by saving my taxes money.

[@warfaajr2190]

1alexm m how is business bro

[@laughoutloudtv2104]

How much did your first cost??

[@DrowTheCEO]

Bro I’m thinking about doing the same , should I get a flat bed or convert my Ram ?

[@benjamin-rn5zn]

@@DrowTheCEO flatbed...

[@cngtowing0519]

🏆

[@laughoutloudtv2104]

Was great finding this!

[@towuniverse2443]

I hope it works. Ive heard from a lot people that they have gotten harder to get approved since I started with them 6 years ago.

[@johnboy1946]

I started my company in Alaska2 years ago by building my 1st truck 02 international put a 21 foot bed on it . I added a 04 international 20 foot bed and a 06 f-550 recovery truck. All are payed for . I Am wanting a new flatbed .

[@jreyesops]

Wow. Absolutely Amazing!! Thank you so very much!!

[@towuniverse2443]

Your welcome.

[@straightfromphilly4964]

The number one question is after I get my truck and equipment and my own authority how do I go about getting contracts and getting my phone to ring

[@towuniverse2443]

Set up a google+ page and invest in some search engine optmization with someone local. Of course you can sign up with some motorclubs to get the ball rolling.

[@kevinstamey5485]

Onsite Towing and Recovery do you think going around to auto shops asking the owners of they need help with tows?

[@cngtowing0519]

@@towuniverse2443 A Google Business website helped me out a lot. I average about 160 calls a month through that alone in addition to motor clubs reaching out to me without having contracts with them.

[@elperrocovero]

@@cngtowing0519 should you buy new or use tow truck ? How much money can one make a month average

[@cngtowing0519]

@@elperrocovero It varies by busy cities. Three months ago when I made that comment. I was averaging about $4k monthly. Since then I have about 4 contracts including my own call volume. I can now make up to $1k plus daily with just doing tows. I currently have a 98 International and those DT466E’s are a beast. Slow but... they get the job done. I would suggest you get something very reliable and if possible purchase two trucks in the event one would break down.

[@daltonmcghee4475]

What about commercial insurance? I can't seem to get a $1m policy that all the auto clubs require to get work starting out especially for under $1k a month!

[@towuniverse2443]

Are you a new businesses?

[@daltonmcghee4475]

@@towuniverse2443Trying to start up.

[@ogcirclegame3833]

Does this company service the North Carolina area because I'm look to get into the business?

[@towuniverse2443]

We do!!

[@anthonysharpcaptnarcissist4773]

I have a couple of your videos and thanks you for the info you have helped me in deciding on my transport and recovery business!!!!

[@Fashiontechdiva]

Wow! Thank you so much for sharing this 😇

[@georgiapod9442]

Great info bro I have bin knowing beacon funding for sometime now they do work with you

[@Soprano1013]

I went to apply to Beacon he asked me if I had good credit or a co-signer. guess they changed their policy!

[@towuniverse2443]

The hell with beacon. They have changed a lot and there customer service is garbage. Subscribe to my channel , My last purchase with them they screwed me on it and I will be doing a video on it.

[@raventiair3861]

@@towuniverse2443 Is there another funding source you suggestion since Beacon has caused you problems

[@nicolecarson9067]

When you created your start up did you choose a LLC or Sole Proprietorship.

[@towuniverse2443]

I originally started as a sole propriertor, than switched to an LLC. Thanks for watching

[@louk231]

"You got to start somewhere" !!

[@MyVibeZ4U]

Thank you for your time in putting these videos up! I have wanted to start a tow company for years now. How realistic is it to get a tow truck and make those lease payments for someone who is fully Green to the industry.

[@karatist79]

i would advice gettting registered on a pron website and do live shows- brings more joy to life and more money than towing lol my ex colleague started stretching his holes and he is doing well (he is male), better than most of us haha

[@eptothefrep]

@@karatist79 bruh

[@timmyperry5864]

See I’m trying to decide what I want to do for a living see ever since I watched highway thru hell I’ve always wanted to be a tow truck driver but my goal is to start a small tow business and work my way up to a heavy fleet of tow trucks

[@towuniverse2443]

Its a challenging but rewarding business. Good luck.

[@carlcoley823]

Thanks bro appreciate it definitely gonna try I need something

[@towuniverse2443]

Best of luck

[@nighowltowing5204]

Thanks for the info. Hows business?

[@towuniverse2443]

Business is great. I cant complain. Thank you for your support

[@MigiDJ2024]

Hey are you referring to Beacon Funding* Illinois

[@towuniverse2443]

No sir. The truck finance company.

[@duasadaf1833]

My instincts say that I can do it too, I m a security guard but on call a floater, Could you please help me out to have an idea of what kind of licenses I need and how can do the financing coz I live in Montreal, Quebec. Can Beacon funding will help me out?

[@tylertucker4478]

How many money would you say someone needs saved up before they start in the wrecker business? I ran a light and heavy for 9 years and quit and started my own trucking business as a owner op and now I'm itching to get back in a wrecker because it's absolutely what I enjoy so how much cash would be your opinion someone needs?

[@luisovalenzuelajr9606]

Just got a 2021 Chevy trail boss Z71 LT 5.3 V8 LT package and just recently started considering turning it into a tow truck with Z series self loading wheel lift or 5 series underbody wheel lift. One if my many questions is, is it worth it to start my own towing company and investing the money into my truck and starting my own towing company. What is roughly the potential income vs debate to start my own business in this market of towing? Looking for honest opinion/ advice. I live in Tempe AZ if that helps to answer or comment on my question. Thank you for taking the time to read my comment/ questions.

[@towuniverse2443]

Profit margins will be about 30% of gross. It cost a lot to start and keep a tow company going.

[@towuniverse2443]

You will be limited with the truck you have to towing small cars and SUVs. You should just buy a tow truck honestly. For the price of a lift n tow you can buy an international 4700 needing some work

[@duasadaf1833]

Hello Sir, What else do we need for a tow truck driving business and I m a woman and I want to try this business on my own and whatelse do we need if any licenses and stuff like that, Can you please help me out

[@kealiih6215]

Picking up an existing tow business but trucks are old, need to invest in a new or used truck. Do you know of a company that has good used trucks? Thanks for the info

[@towuniverse2443]

That's a hard question to answer. Used trucks are a gamble no matter what dealer you go through. Ive had great success with g stone equipment in Vermont

[@kealiih6215]

How does beacon work with collateral loans? Their website is saying they do hard check on credit and your business finances. I'm a start up no biz finances and credit not the best. Please send info on how to use hard asset as collateral

[@towuniverse2443]

They have changed a lot since I've posted this video. I've leased 6 trucks through them and with the pandemic they are giving me a hard time. I don't think they are loaning with collateral

[@kealiih6215]

@@towuniverse2443thanks for the feedback! Great vids especially on autoclubs.

[@Mainstreamroadside]

Can you do a video of you loading a car up in a tight space ?

[@towuniverse2443]

If i come across one ill do a live!!

[@Mainstreamroadside]

@@towuniverse2443 Thank you so much for replying. One more Question for you if you have the time,I own a roadside assistance business.I was blessed enough to get my start with all the major motor clubs.I'm looking to grow my business and pick up a tow truck I currently have zero experience with that type of equipment.I know its not rocky science and I'm sure I could figure it out but what kind of truck would you recommend for a beginner.Note I do know to get a flatbed considering your advice from the previous video but is there a specific brand I should choose or..? I hope this makes sense Thanks in advance.

[@Pressure83.]

I purchase a tow truck and have a class A cdl but I need to open up a shop.Its my first time in this industry.Any pointers on getting started

[@carlostodaygomez7278]

Great video and info like always.. do you any videos on insurance cost ?

[@JOSEGONZALEZ-wx9fb]

how do you started getting business?

[@dvsaz704]

Funny towbook mug, nice video from an ex repo/roadside op.

[@feddiegangbigfeddie361]

So you leased the truck for 8 grand for a length of 18 months and then you u bought it for how much after that exactly? 10 percent? So $800? I don't get it. Please elaborate on how much u paid exactly, after the 18 month 8k leasing agreement. Thank you. Do u have to have a CDL, LLC, and company already up and running before they give u the truck. Or can I get the truck first. Very interested to know the answer to these important questions. Thanks bro.

[@towuniverse2443]

Yes, I bought the truck back for $800. You dont have to buy them back, the bank will just take it and do whatever it is they do with them. I had my LLC formed before I approached them for a truck, not sure if its a requirement. FYI, Beacon Funding burned me on my last truck. I would Steer clear and try to find another company.

[@fabianjimenez9163]

I appreciate your videos! I'm thinking of moving to Florida there's an opportunity to buy a tow truck with some accounts already on the books Working for shops and dealers. Been at my job for 15 years Will use my 401 money to buy tow truck (2014 hino 258 with 380k miles) and business for 70k Guys says he makes average of 3k weekly I'd like to know what you think I live in Oregon but planning to move to Florida

[@towuniverse2443]

3k weekly is not a lot. A general rule of thumb is, You want you each light duty truck to generate 1k a day. A lot of times these accounts are non contractual and when a new face appears, the account goes elsewhere . Accounts that are under a contract, might also have a clause that the contract is non transferable. Florida tow truck insurance is really high so expect to be paying at least 10k a year. A hino wit 380k miles, expect to have problems. Has this person shown you actual numbers and bank statements? How many call is he running to do 3k a week?

[@fabianjimenez9163]

@@towuniverse2443 guy says he's been driving the truck for about a year and 75% of his income comes in form of cash venmo cash app etc. Reason for selling is he's moving Does this sound sketch? Rea

[@staywoke9172]

If New trying to join the businesses. If I’m capable of getting my first truck through a loan. If I promote the company and start off, how much can I average per year owing my own flat bed working around the clock for myself?? Is is profitable or very profitable?

[@mikemurphy8067]

Would you recommend starting with a wrecker or flatbed?

[@dashwatkins6138]

El Chapo my name is El Clappo and I just tuned in on your channel even subscribe and hit the bell my question is cause towing is all over my mind right now and I just want to know if you love your job because I’ve never town but it looks like something I would like but I don’t have valid license and or CDL’s

[@josephtessora6417]

Gb brother, thanks for the info, best of luck....

[@somdtint4671]

I see a lot of Ford F650 Roll Backs for sale. Are they considered a Medium Duty? If not, what do I look for? Thanks!

[@towuniverse2443]

A true medium would be a 33gvwr . F750 /kenworth t300

[@somdtint4671]

@@towuniverse2443 Thank You! All your vids have helped greatly! Would you recommend towing as a side gig, or something to do after retirement? - Maybe a topic for a video too?? All the best Luis!

[@RamenVR831]

Hey Luis, How or when did you know it was time to add another truck to your fleet? I currently have one truck, but have been wanting to add another truck to be able to cover more ground.

[@towuniverse2443]

That is a great question!!!!!!!!!!!!!! When you start turning calls down and losing money consistently because you only have 1 truck. Also keep in mind that more trucks equals more problems. Hardest thing is finding drivers.

[@manuelramos2860]

do you have link to beacon?

[@towuniverse2443]

I honestly wouldnt deal with Beacon, they screwed me on my heavy wrecker and im stuck with a massive repair bill on a truck that has not even been in service yet.

[@kadenmattinson6405]

I’d love to talk to you more about this. I attempted to go through them and asked them about this, they said I couldnt get into a truck for less than 20% down at the lowest. I’m curious how they got you funded?

[@towuniverse2443]

I have been hearing this more and more. Mind you I got funding almost 6 years ago, they might have changed.

[@xmo552]

@@towuniverse2443 How did you find Beacon Funding? Where were you looking? Where can I search besides Beacon Funding?

[@exoscrewdriver4213]

Does beacon funding report your payments to the 3 credit. Every month? Which would make ur credit score go up?

[@towuniverse2443]

Not in my situation because everything is under the LLC , I dont have any of my personal stuff tied in.

[@exoscrewdriver4213]

So there was no cash down just put like a lean on ur truck. And you keep it as long as you make the payment's for what ever 2 to 3 yrs thats you signed worth 8,000 or the tow truck was worth 8,000. 10% of 8,000 is only $800.00

[@picklespnutreviews5194]

What is a good website to purchase a tow truck?

[@towuniverse2443]

Ive had good sucess with gstone equipment in vermont

[@picklespnutreviews5194]

Thanks a lot, I’m trying to get into the business

[@enzotvent]

this gave me the info I needed

[@towuniverse2443]

Beacon funding i dont recommend anymore, i have a video coming soon on why

[@enzotvent]

@@towuniverse2443 lmk asap

[@TowProVlogs]

How Much was the truck overall that you only out down 8,000?

[@brandenswartz2073]

What the first step to own your on towing company

[@josephyves2377]

Hi sir first of all I wanna take time to Thk you for the videos, but pls I need your help regarding the purchase my first towing truck.

[@dennisthcmenace3457]

Do You have your tow yard

[@towuniverse2443]

Not at the moment since I moved .

[@fixitinthegrass6412]

What do you do as far as insurance requirements.. that's a large investment as well . Right?

[@towuniverse2443]

Huge investment. Insurance is more than my truck payment.

[@wildermartinez1980]

sir am trying to do my own roadside business I have 4 years working for aaa on maryland I need help can you please recumbent me how to do this what Insurance.. I have plenty of experience. doing high Service, battery service and towing ..but this is my first time doing it myself am latino my English is decent but I need some help ..is any way to communicate with you ..thank you

[@uncle.breed_4806]

Your in Middletown ny???

[@towuniverse2443]

I use to be.

[@coreybeltz957]

May i ask what is requiered for towing i what start my own towing company do you need a cdl

[@aristochris3288]

Hi am starting my towing business coming from 13 years of automotive technician looking at a international 4700 what other funding should I plan for and did u buy your property first or just started with no place for the truk parking

[@towuniverse2443]

I started out of my house and within a year I moved into a shop.

[@505fastlife6]

@@towuniverse2443 where would you take the vehicle when working out of your house?

[@jayplussfilms553]

What kind of truck ie. year/ make/model would you recommend starting out???

[@lesliesostenes7440]

I'm curious how you experience from beacon funding is now in 2020?

[@towuniverse2443]

Put it this way. Im not exactly happy with them at the start of 2020.

[@jaredrobertson1860]

What kind of area is best for starting a new tow company?

[@anglerstube8021]

Big Cities

[@coreyjohnson8444]

How much did you pay for your insurance?

[@towuniverse2443]

When I first started I believe my annual premium was 12k

[@xmo552]

@@towuniverse2443 Which company would you recommend for insurance?

[@unclerellsroadside]

Did you have your LLC before you got the financing

[@towuniverse2443]

I actually had a DBA before I bought my first truck. thanks for watching.

[@unclerellsroadside]

Thanks

[@queue1176]

Great question Jerrell Beck, as I wanted to know the same thing. I've had my DBA for a while now, so that's good to know.

[@washingtondcnews6724]

BlownIncome hi I have a question please what’s DBA means?

[@argtv1007]

@@washingtondcnews6724 means doing business as

[@ccmch31]

Hello, I live in the Orlando, FL area. Do you think starting out that it would be realistic to to be on call for 10-12 hours per day 6 days per week? Also, starting out, would you go with a rollback? Thank you.

[@elperrocovero]

How do you be on call ?

[@Str8pipeyae]

Would you recommend a 3500 flatbed to start out? Just towing myself

[@towuniverse2443]

My First tow Truck was chevy 3500 hd. Great truck but limited on what you can tow with it.

[@flatbed_rookie33]

When they gave you the loan for the truck and you sent them tour title to your personal truck as collateral did they need the title to the tow truck as well?

[@aphysique]

I'm sure it wasn't paid for, therefore they keep the the Title to both Vehicles, common Sense!!

[@patrickayvazyan5232]

Hi , what’s the company’s name ? Beacon Funding?

[@towuniverse2443]

Yes beacon funding

[@aphysique]

Do you use an App for credit cards etc..Like that of square app!!

[@BAMCIS13450703]

Esoteric Fitness the dispatch apps have cc processing

[@somdtint4671]

Great info. Thanks!

[@ricardoflores3965]

Thanks this is a motivation video

[@michaelwiley5406]

How much did you make your first year

[@JK-yd5ro]

Me too hopefully they will work with me

[@fixitinthegrass6412]

I am in almost the same situation as you were in and looking to start my business

[@5jjt]

Would you still recommend Beacon today? Thanks for the video.

[@towuniverse2443]

No. Ill have videos on how they screwed me.

[@Epic_G]

how do u get good paying work

[@towuniverse2443]

The best paying work is going to be retail customers. NOT Motor clubs. You get paid right on the spot. No waiting for weeks.

[@brandonp.6120]

Who do you suggest for insurance

[@towuniverse2443]

Contact my buddy anthony at langtree insurance in nc

[@brandonp.6120]

@@towuniverse2443 ok thanks

[@delbertwilliams5163]

I'm glad i found your video. For hearing you talk about beacon financing. Helped alot. For i have received e-mails from them. To know there a trust worthy company and easy to work with. Makes me feel alot better. Thanks again for posting your video.

[@anusayaassinger]

Thanks for the hope..Need your help to increase my business areas also world wide...any suggestions from you sir. I have underlift tow truck..

[@Chikanini]

Your leaving out the main thing. A peice of land which is crazy money

[@megamiketopflight3970]

Thank you! very insightful

[@towuniverse2443]

Thanks for the feedback

[@AAATowDriver]

Great Video!

[@rohancowley8669]

My first was a isuzu nqr beavertail.. still got it, its a great truck

[@Ulise-we2gh]

Hey I appreciate this video I’m on it

[@lalaroberts9670]

Thank you!

[@antoniorainey9461]

Great information.

[@zacharybruursema6649]

Hey man can we talk I have few questions

[@hinostyle]

Never use beacon… go to your bank and talk to them

[@towuniverse2443]

Wait til you see my next video. Screw beacon funding!!

[@banginzaza]

​@@towuniverse2443 It seems like most owners are in the fields. Did you ever get to a point where you can manage everything in the office?

[@jaftaitumeleng7225]

Hi Loiuse, Im from South Africa and would like to be in contact with you if possible. Ill await for your reply

[@jaftaitumeleng7225]

Please advice the best way possible to get in contact.

[@nlbeman]

This was definitely sponsored

[@towuniverse2443]

No sponsor from anyone, I can't be bought with $$$$

[@SplitSecondTowing]

Sooo, you use Towbook im guessing? wondering how you like that.......i subbed you.

[@towuniverse2443]

Love it, easy to use, affordable. 24 hr tech support!!!!

[@Peterswarahed]

Whats tow book?

[@SplitSecondTowing]

@@Peterswarahed Another billing, dispatching, payroll software option. I have an older version of a software system called ''Tracker''.....the version i have came out in the late 90's, and it doesnt require any cloud based hocus pocus, which i like cuz i dont care for subscriptions and i like my office computer to be NOT connected to the interwebs......no security worries.

[@Peterswarahed]

@@SplitSecondTowing old-school but probably the best.

[@SplitSecondTowing]

@@Peterswarahed Well, yes. I will admit i am a dinosaur, but i bought this software new in around 94 so it was cutting edge back then. But it does payroll, account billing and prints out statements, keeps records of just about any meaningful catagory, i like it and its not hooked to the internet and theres no cloud technology involved, i dont pay a monthly subscription and nobody can hack into it. Tracker Management has modern towing software products available, they keep trying to get me to upgrade but like i said, i'm a stubbor n dinosaur. But i've heard good things about towbook also..

[@juniorstowing6280]

this is good info

[@rhinehartenterprises5358]

Beacon funding?

[@brandonjohnson7851]

A truck and trailer makes me 80k a year

[@jacobsgrandson1308]

Hi would you be willing to share your knowledge please I'm desperate to find myown source of work and I'd be so thankful if you could point me in the right direction a blessing

[@brandonjohnson7851]

@@jacobsgrandson1308 look up tow south and roadside assistance