ROLL-OFF vs DUMP TRAILER | START-UP COST FOR DUMPSTER BUSINESS

[@MW-nOttawa]

You make a really good point about the 10x batteries, 40x tires, 10x pumps to break, and it becomes really annoying keeping registration paperwork in order. I currently own 2 dump trailers (5ton and 7ton) and a float. It might be a good idea to look at a roll off trailer and 5-10 bins to compliment the ones I already have. I know dump trailers are a bit more driveway friendly as compared to roll offs - but there's a real nice feeling you must get when you pull up to a jobsite with a fresh bin to replace the one you're hauling away. Dump trailer shuffle can be a real pain especially on urban roads.

[@Lifes_Apprentice]

You got that right! you can set down boards for roll offs to protect driveways as well. roll offs are easier for customer to load because door opens and they sit really low to the ground as well

[@randyking1704]

Thanks for making the time to answer me. I know we all have different ideas and ways we do it. Appreciate the feedback and I do enjoy your videos

[@Lifes_Apprentice]

@@randyking1704 Nothing wrong with dump trailers. I have a dump trailer I use for my roofing business almost every day

[@nickgee7145]

Sad how prices have doubled in 2 years.

[@wesmalcolm2337]

Very good insight and I would say best for the long run, on that note though I think first starting out I will still try the dump trailer to test the market. I can always sell or repurpose the dump trailer and buy roll offs if business is good. If it doesn't work I can unload a dump trailer pretty quick to just about anyone vs a roll off who I can only market to a particular crowd.

[@BackRoadBound]

Nice breakdown. I think it may be good to start off with a couple dump trailers, grow the business then pick up a dumpster setup as business grows. The dump trailers can be more versatile & make money other ways. I believe this is how Jessie has done it. You can get a brand new Ram 2500 gas burner for under $36,000 right now that will tow 16,000lbs. I just ordered a custom 6.5ft x 10ft x 3ft Texas Pride Trailer, $5,900 with all the options I added. Gonna work my 1500 for a bit and save for a 2500 and bigger trailer if things work out.

[@chrismoreno3607]

Where did you put in your custom order

[@BackRoadBound]

@@chrismoreno3607 called Texas Pride. Same trailer now would be $7,000+. These prices are crazy vs what they were 1 year ago.

[@mattjackson7407]

Would like to watch a video with you talking about getting DOT numbers for the first time and advice on getting insurance. Thanks!

[@Lifes_Apprentice]

i have thought alot about this and would love to make a video. i am worried about the liability and may need to talk to a lawyer

[@thomson723]

May I suggest that you go down to your state troopers office to ask about DOT.

[@danielcaudle5800]

One other thing to think about at least I have been is yes you could get a Texas Pride or other brand trailer and they are good companies not knocking them one bit, but with those manufacturers you are stuck using their dumpsters. If rolloff is your choice look for a manufacturer that use an industry standard width rail system(like the trucks use) not only will this mean you can find used dumpsters, it means that if later on down the road you want to add a rolloff truck, you don’t have to buy all new dumpsters.. just food for thought..

[@Lifes_Apprentice]

most people do not understand that... i try to inform people of this but they dont understand or care

[@levrejanovinsky8889]

Thank you for the overhead breakdown. I am thinking about starting this business in Florida. Scale is the key here. 100 rentals per year only works with low overhead.

[@Lifes_Apprentice]

You are welcome! The hurricane might drive business. You are going to need to do more than 100 rentals a year to make any money if it is a full time business

[@liers99]

Biggest benefit of the dump trailers are maneuverability and exit strategy. Roll offs are most cost effective on the long haul for sure.

[@Lifes_Apprentice]

you could sell a used roll off setup in about 2 minutes because people want them and they dont exist used. which means people dont sell them because they are making so much money!!!

[@liers99]

You may be right. I felt a little safer getting started in this market with the trailers just because I know other ways I can use them.

[@jermainflournoy7067]

I have two dump trailer got them used and a older 3500hd dually and do not have more than 10k in all of it you got to keep ur eye's open on good deals. But great info thanks

[@Lifes_Apprentice]

good for you! thats awesome!

[@vicjunkremovalsolutions3873]

I have six 14 yard roll off dumpsters and a trailer bought it for $32k new.

[@1superflyguy1]

Dats more like it

[@jrethejunkremovalentrepren4052]

Let uS knOw thE seT uP detaiLs heRe iN thE coMmenTs...makeR anD brand, bumpeR/gooseneck, electric/gas motor, cost of trailer and cans etc. thanks brotheR

[@Mike-ie9ei]

What brand

[@mikelopez4148]

Sure he does

[@mattmurillo331]

the man speaks the truth

[@JulioLaraLovo]

You right

[@zpoppe]

Dont forget that you should have a commercial property to run your business out of, cause alot of jurisdictions, will not allow trash business, unless its approved by the town, county, state and dnr. Each place is different, so check your local laws,

[@hhprogressiveconstruction1140]

Just the maintenance alone on ten dump trailers is enough to scare you in costs over time .

[@bagadonuts7114]

So many tires

[@joedoesfun9336]

How many tires is it when you use the same trailer but put double the miles on it (dropoff and pickup) and you use that trailer for ten roloffs compared to leaving a trailer at the jobsite and using a different trailer for the next job? Also, you should consider that when your single $28,000 trailer breaks down, has a flat, loses hydraulic, gets stolen or damaged, etc you are completely out of business. If you have a backup then you aren't scaling efficiency anymore since you spent another $28k. I think it's probably best to start with a trailer that you can use for yourself, rent, or sell if you want to get out of the business and then add roloffs as you get more business.

[@randyking1704]

I agree on alot but ,when you say that with trailers. People have 10 sets of tire but what no body says that with roll off you run 10 times the miles on that trailer. So I don't understand where there is a savings on that with roll offs. You will put exact same miles on one trailer as 10 dump trailers .

[@Lifes_Apprentice]

Not true when you are at scale. we did 705 dumpster rentals and drove 62k miles there is no way you could do that with dumptrailers in my opinion

[@randyking1704]

I would also like to piont out that when you have a roll off trailer empty ,you put miles back to shop on those tires ,roll offs have winch that dumps don't. You do double miles on trailer pur rental. You run the same trailer 10 times as much so that trailer will wear out 10 times faster . I'm not running on this video ,I truly like it I just never see anyone look at it from this view. Would like to see feed back on it. Thanks and again love these videos

[@Lifes_Apprentice]

I agree and have talked about this. if a dumpster is set 25 miles away it is 100 miles at least for that dumpster. when you get to a certain scale and dispatching works you can cut down some miles by dropping and picking up dumpsters in same areas

[@randyking1704]

Thank you for your response,I do appreciate it.

[@rudychacon7175]

A roll off is more efficient imo. While one dump is sitting at a customers you can pickup and drop other dumps with the same trailer, and even swap out a full for an empty right away instead of running to the dump to empty one and come back.

[@johnspringer3951]

The difference is startup costs. You can get a $5,000 used truck and buy a $7,000 dump trailer and start from there. And then if your business takes off then you can work your way up. Jesse Mims showed that exact thing.

[@Spiid1000]

Yeah man definitely don’t plan on starting with big numbers like that 😅

[@ZSharkPH]

Facts

[@RagingBad]

That's the most sensible way to start

[@finalwarning7263]

True💯

[@Daland21648]

Exactly what I said to myself

[@thomas25082]

Dude my f250 diesel was 50 used

[@danahasson2892]

Jesse Mims is definitely a great KZbin guy to watch. Definitely if you want to have more than a couple dump trailers as rentals got to go with a roll-off set up for economics. The price on the dump trailers can really vary greatly depending on the quality the cheapest 7x14x4 in my area are around $5500-$6000 and they are very poor quality trailers and probably won't take the rental abuse very long. The better dump trailers like Big Tex, PJ and others of that quality same size are $900]-$10000 each. That can make even more of a difference between roll-off versus dump trailer costs.

[@Lifes_Apprentice]

i never doubted your understanding dana! this is obvious to me but nobody understands it! they just look at initial sticker price!!!! i hope this video enlightens alot of people

[@WallyGon]

Dropping them bombs of knowledge!!!

[@CliffsideStables]

I call them “Nuggets of Knowledge”!

[@anselmolopez1747]

I love your video I thinking about this business. Can you tell me when to buy dump trailers. If you don’t mind please

[@Lifes_Apprentice]

thanks! we get all of our equiptment from nedland industries

[@nani1ization]

I wanted to go roll off definately, but I live in Texas where there's a roll off monopoly with the big boys, so dump trailers it is. Still not a bad choice

[@John-ck2hp]

The monopoly ain’t shit just don’t put any information on the can they cant prove the customer doesn’t own it

[@bryancromwell9625]

How is there a monopoly?

[@John-ck2hp]

@@bryancromwell9625 some city’s in DfW have contracts with WM & Republic saying nobody can use trash services but that company its bullshit and should be illegal

[@avmorales1421]

@@John-ck2hp Hello do you which cities do this?? I mean Ive seen people advertising on FB market and they have info in their dumpsters.

[@adanr150]

@@John-ck2hp down south Texas to. It depends if those cities have a contract with republic which suck. But most have there own and you can choose. I don’t think they will find out if you show up with yours they look for 30 yarders lol

[@kaiul2967]

I think another choice or decision to be made is between going with heavier duty cab n chassis truck like 550 and up with a roll off setup vs a 350 with a roll off trailer setup. Personally hated trailering rolloffs especially for tight areas or busy roads where it's essentially 3 truck lengths or more to drop off a trailer. What a pain in arse and ball of stress when you are doing it solo!

[@Lifes_Apprentice]

It is alot different with a trailer. we will have self contained truck before too long!

[@anthonygrau2506]

Actually I met people that started with a Harbor Freight Utility Trailer an even a car. The cost is what you have ro start with in any business. I own 11 dump trailers and run at least 9 seven days a week. I own three businesses and one is now dump trailers. The others are handyman service, an remodeling. I bought one to cut costs for my own businesses. It's built it self

[@Lifes_Apprentice]

11 dump trailers is awesome

[@anthonygrau2506]

@@Lifes_Apprentice they bought their self . I only invested the profit to achieve the outcome

[@anthonygrau2506]

@@Lifes_Apprentice just in profit I can buy 3 a month. NOW it's how big do I want to grow

[@Lifes_Apprentice]

@@anthonygrau2506 move to roll offs you are in a great situation to do so. it will be more profitable and much more simple in the long run

[@anthonygrau2506]

@@Lifes_Apprentice that is where I'm heading with the business NOW, the others always have a use an will still stay busy

[@joedoakes8307]

Make a video about keeping the GVW weight limit UNDER 26,000 ! NO Class A license needed where the combined weight of truck\trailer STAYS under 26,000 lbs !

[@4077661466jp]

Where or side of the world u live !!!!! I was really listening to the costs you started listing until $50k for new 2500 - 3500 truck, your barley getting new 1500 for that price depends on trim level and 2wd or 4wd but if it's got to pull dumpsters than 2500 series and new is no less 75+ k dont care what brand if new but thats in my area and its countryside

[@Lifes_Apprentice]

This video was filmed in 2021 and i bought a brand new ford f350 super crew cab 4x4 for 52k. They are more expensive now. I bought a 2020 f250 brand new for 49k the year before that was what i based my numbers off. Obviously everything i talked about price has changed. dump trailers went from 8k to 12k. dumpsters went from 4k to 5k

[@jamesnance8783]

Who do you use for insurance?

[@Lifes_Apprentice]

Erie

[@Cymashedshee]

I'm not sure where you live but a 15yd dump trailer where I'm at brand new is right at 15k. Thanks for the video I think it helped me with my decision!

[@Lifes_Apprentice]

it makes the roll offs even better! since i made this video roll offs have gone up about 20%

[@hershfam]

3:20 ur welcome

[@seratoe1023]

What is the yard size of these rolloffs? Thanks very good video

[@Lifes_Apprentice]

10 15 and 20 yards

[@idcray8572]

Roll offs in Texas most city’s have contracts you are not allowed to haul in those city’s dump trailers you can . The city’s will fine you . Leander will charge you 20% fee and audit you .

[@Lifes_Apprentice]

I have heard this about texas and california. there are alot of people finding ways around this with roll offs but i do not have to deal with that in my area

[@davidlane6178]

Yeah but to start off can you just start with 1 or 2 dump trailers and then move to roll off

[@derickmccarrell9593]

Awesome video breaking it down. Thanks!

[@Lifes_Apprentice]

No problem!

[@steveallen8825]

No one has talked about land or property to store their equipment, how did you do it? Because with the cost of startup materials, plus land it'll put the business loan around 200k

[@Lifes_Apprentice]

we rent space. buying a commercial property for a startup would be risky for sure. i have a rented storage area where people store boats and campers. it is an expense but a couple hundred bucks a month for storage is the best way to go

[@Ihsaan1422]

Thank you so much for the inside! Quick question would a F250 for something similar?

[@Lifes_Apprentice]

a 250 or 2500 will work but long run i would go with a 350 or 3500

[@carlosvelazco3078]

Video starts at 3:20

[@ljprep6250]

(Please invest in a tripod. It alone will double your subs.) Interesting figures, for sure.

[@FBae-jn9du]

Why brand new truck??? And deal with depreciation out the lot. Why not a used 3 year old one. Where most depreciation has taken in the first 3 years. Warranty purposes? If so why not pay for a 3 party warranty if that’s really the issue.

[@Lifes_Apprentice]

the main issue is in order to stay under CDL restrictions we have to special order a 1 ton truck and have GVWR derated so its easier to buy new

[@josephmaya80]

Talk about storage for your dumpsters please

[@Lifes_Apprentice]

we just rent space in an outside storage area

[@mistahillshistory1916]

Who would you say would be better to market to first? Contractors, roofers, or residential?

[@Lifes_Apprentice]

I would say to start out try to market to all of them and see who works best for you in your area. we work with all 3

[@mistahillshistory1916]

@@Lifes_Apprentice thank you

[@pfcgerold]

Don’t know about where you are at but here you only need DOT numbers if you leave state 🤷🏻‍♂️

[@Lifes_Apprentice]

most states require a dot

[@michaelmelton6439]

I am trying to get commercial auto insurance on a F650 roll off truck and insurance is $14,000 plus a year quoted and I am not finding may insurance companies to insure this business. I was wondering if you had some companies you could suggest to look for auto insurance?

[@Lifes_Apprentice]

our insurance runs through erie insurance... maybe that will help not sure if your truck is a cdl truck but that will raise your rates

[@mr.d4295]

I bought a used 5ton truck (95,000miles on it) with a hooklift and 6 used bins for 65k . I put 15k down and leased the rest over 36 months. I now have 17 bins after just one year...

[@Lifes_Apprentice]

sounds familiar! good for you thats awesome!

[@invnine5140]

Nice. Are you still going strong?

[@reedcruz4305]

Do you have all one size of container? If so what size? Or varying sizes? If you were to recommend one size, what do you recommend?

[@Lifes_Apprentice]

we have 10 15 and 20 yards. i would recommend 15 yards

[@Ca-yj4il]

Is this Eustace Conway ?

[@Lifes_Apprentice]

lol i love eustace!

[@Ca-yj4il]

@@Lifes_Apprentice 😂 thanks for your videos!!!

[@Lifes_Apprentice]

@@Ca-yj4il you are welcome! thanks for watching!

[@DaughertyFarms]

Just put down payment on mine today in rolloff. Getting a trailer and two 15 yd for 21k.

[@jrethejunkremovalentrepren4052]

PanDa whaT kinD setUP diD U geT? Brand, Trailer, Cans, Cost, AnD wheRe froM?

[@DaughertyFarms]

@@jrethejunkremovalentrepren4052 it’s a gooseneck trailer scissor type lift trailer and cans made by American made dumpsters from Jacksonville Florida. CFL dumpster has a video of going there and picking up some cans I think it his last video. Trailer was like 14k and change and dumpsters were around 3k. Give or take. They Also have a website American made dumpster

[@jrethejunkremovalentrepren4052]

@@DaughertyFarms yeA iVe seeN thaT videO brotheR...I thinK the CanS we’re more Like $3750 weren’t theY?

[@DaughertyFarms]

@@jrethejunkremovalentrepren4052 I paid less (each one) than that. Idk if it’s something had in stock or maybe a color couldn’t get rid of or just normal price.

[@jrethejunkremovalentrepren4052]

@@DaughertyFarms same sizes and style cans as CFL? Maybe the $3750 were foR the heavier duty caN...idk..regardleSs 3k sounDs jusT aS Sweet ...

[@finalwarning7263]

Makes perfect sense

[@XGenBoomer]

Preamble is almost half of the video. FF to 3:23 😳😩🙄

[@Ca-yj4il]

My truck and trailer commercial insurance is coming out to 9k a year!!! I’m having second thoughts already!!!

[@Lifes_Apprentice]

it is not cheap but neither is a big lawsuit if something bad happens. it is worth the peace of mind to have the correct insurance.

[@Ca-yj4il]

@@Lifes_Apprentice 👍

[@stanleylara264]

Dump trailers go for over 10k in my area. New England

[@Lifes_Apprentice]

yeah the price and availability has changed alot since i made this video!

[@CarlosFlores-kx1vd]

It’s true

[@fastcash9799]

Good video... do you think someone can be successfull getting in the dump trailer business, by only doing it on the weekends ?

[@Lifes_Apprentice]

yes i believe you can make some money doing it part time

[@fastcash9799]

@@Lifes_Apprentice thanks

[@stevenporter7969]

Do a hooklift truck or rolloff truck and forget the trailer. Much easier to place dumpster. No need to have multiple tags, registrations and scale up easier.

[@Lifes_Apprentice]

yes. i agree. we are moving that direction. unlike other people our dumpsters will work for any standard rail trailer or truck

[@robfelts8076]

What brand and spec trailer can you get for 7k? I would be very interested in that. Seriously.

[@Lifes_Apprentice]

you can buy a mid range 10-14k dump trailer for 7k here. they can cost much more than that

[@Eric-vb5od]

Here in Portland Oregon a 14k trailer is no less then 9 grand

[@steviedickson4575]

Beneficial video! Thanks!

[@Lifes_Apprentice]

You're welcome!

[@adanr150]

On roll trailer can you not un roll it off and just load from there if have to and dump while on trailer????

[@adanr150]

Also bigger yard roll offs require longer trailer??

[@williammiller5572]

I was wondering, about advertising cost, website design, costs?

[@Lifes_Apprentice]

that can vary alot depending on what you are looking for

[@josealfredoabantomontoya9900]

Hello, I have an chevy Silverado 1500 4wd, You think I could start using this type of truck ?

[@Lifes_Apprentice]

i wouldnt recommend it. it would work for light loads

[@mr_ip3ngi]

why is jesses mims youtube gone?

[@Lifes_Apprentice]

I just posted a video based on your comment and many others asking me about Jesse

[@mr_ip3ngi]

@@Lifes_Apprentice thank you!

[@richardray5297]

Always good content, thanks

[@Lifes_Apprentice]

Glad you enjoyed it

[@lincoln069069]

What’s the likelihood of driveway damage for a customer with a trailer vs a dumpster?

[@Lifes_Apprentice]

we have never had a complaint over hundreds of dumpsters

[@JakeStowers]

You dont need 50,000.... or a brand new truck. Crazy

[@Lifes_Apprentice]

the truck is not the point of this video...

[@hbar813]

Good info! What are are you in? I’m in Northern Indiana and just sort of looking into starting something like this.

[@hbar813]

Area*

[@Lifes_Apprentice]

i am in central wisconsin

[@fivenine1057]

Do you have a class A CDL for that kind of weight?

[@Lifes_Apprentice]

no cdl needed if gvwr is under 26000

[@LongbeachJorge]

In Cali u need a CDL if u tow over 10k 🤦

[@yomama6461]

Thanks man

[@mikecannon7034]

he always looks so cold

[@Lifes_Apprentice]

northern wisconsin is cold!!!

[@JohnSmith-lv8xk]

So your break even point is 9

[@dennisfreeman9280]

Good content. Very informative

[@Lifes_Apprentice]

Glad you liked it

[@nolimit1466]

Great info. Thank you.

[@Lifes_Apprentice]

You bet!

[@hustlenation4779]

Great video

[@Lifes_Apprentice]

Glad you enjoyed it

[@andrewreyes5154]

An f350 2021 cost more like 70k so that’s only flaw I saw in your video. We are assuming that someone is buying a 2500 truck 2021 for 50k. Overall, good info!

[@Lifes_Apprentice]

we got a brand new 2020 for 52k f350 crew cab. i know they can cost more but thats what ours cost

[@tbeaul1]

@@Lifes_Apprentice that's a good price on your f350. Hopefully you have protection from the CP4 failure, the repair bill was just north of $13,000 for my former 2015 F550. Enjoy the content!

[@scarroll625]

How much is in the budget to pay off the gangsters

[@Lifes_Apprentice]

we do not have to pay off the mob just yet! lol

[@scarroll625]

@@Lifes_Apprentice thanks for having a sense of humor. Love your videos.

[@Flipping_Assets]

Just get a hooklift truck or deadlift truck or make one. Florida has cheap equipment. Just look around.

[@VanishDumpsterRental]

Good info, those nedlands are expensive man! can get a PJ rollster for $10,000, granted it isnt standard rail and doesnt have a reving system, just cant justify triple the price especially getting started.

[@Lifes_Apprentice]

it is worth the money in the long run. i can understand how it is hard to justify but i highly recommend them. this video only shows generic prices and i priced the roll off on high side to show that it still is the best way to go when starting

[@VanishDumpsterRental]

@@Lifes_Apprentice yea i hear you i agree, nedlands is SOLID and will last. Getting started i think the pj rollster is the way to go, worst case scenario it has a 3 year warranty and just sell it. Save yourself $20,000 and buy more dumpsters to make more cash flow and buy something better.

[@Lifes_Apprentice]

@@VanishDumpsterRental i completely get it! i figured high on roll off side and low on dump trailer side so any haters dont have traction!!! lol

[@jrethejunkremovalentrepren4052]

I leaN a biT witH Mark iN thaT thE NedLanD iS a biT oN the PriceY siDe..wouLd likE to see theM oFfeR traileR And A 3 oR 4 caN pkg setup...wouLd geT a Used Truck aS weLL oPPosed tO droPPin 50k neW...

[@VanishDumpsterRental]

@@jrethejunkremovalentrepren4052 used truck for sure, let someone else pay off the depreciation. The price of a brand new Nedlands $30,000 and a used reliable truck at $25,000 your better off buying a complete cable hoist roll-off truck or a hook-lift truck which i prefer.

[@esteslandscaping6947]

Really good video. What about with the rolloff trailer, if it were to break down, you wouldn’t be able to tow anything.... do you have a back up rolloff trailer waiting to be used?

[@Lifes_Apprentice]

we have a backup trailer and a backup truck if needed

[@JimmyT1789]

Why not figure in the registration for 10?

[@Lifes_Apprentice]

you can... its about 150 each in my area

[@Jonathan-hz5ub]

If you have 125,000 why not start a rolloff truck and start doing concrete first then C&D? To dump a concrete box is 50 dollars renting a box is 400$ for a 20 yard box

[@ubiquitouscreations5920]

Very Great content! Looks like you will save much more in expenses and maintenance over time if you want to scale! Thanks brother keep it rolling!

[@Lifes_Apprentice]

You got it!

[@_Ranger01_]

Maybe I’m mistaken but isn’t the cost of the roll off you have a little high? You should be getting atleast 3 dumpsters and the trailer for 28k

[@Lifes_Apprentice]

those packages are junk in my opinion. i do have a more expensive one. this is a generic overview. you can buy used stuff as well and save some money.

[@SignSpinnerSeattle]

Cool

[@LawnCareProfits]

Good one

[@Lifes_Apprentice]

thank you!

[@mr.wilken8482]

Start

[@jrethejunkremovalentrepren4052]

SoLid inSighT BrotheR, cauGhT yoU aT thE taiLenD oF WoLFGoDS Live seSSioN..theRes sO manY oPtioNs ouT theRe aT timeS It caN Make U geT diZZy 😁 thaT saiD I studY everYonES conTent anD inPuT anD hOpe tO Use theSe conVersatioNs And contenT iN thE NeaR FutuRe tO maKe An eDucatEd decisioN! 🙏🏼👊🇲🇽

[@djpmatchbox]

get a hook truck instead of the trailer

[@Lifes_Apprentice]

Why a hook truck and not a cable truck?

[@djpmatchbox]

@@Lifes_Apprentice hook trucks are faster and easier to get bins out of weird spots. (cable truck you need to be lined up directly with it. a hook truck you can be off center by a long shot and if the hook can grab it, it'll come). I use a hook truck in the army and also trust it way more.

[@650tonyd]

buy a used truck

[@Lifes_Apprentice]

you could buy a used truck for both sides of this and if they cost the same the result is the same

[@nedhill1242]

These numbers are fine, but this is actually kind of a dumb video. If you have that much money to start with you’re not going into this business. You can take that money and make a lot more money in real estate investing or a car wash or many other businesses. If you have that much money you’re not getting into this. That’s just a fact. End it would be stupid to put this much money into a new business. You start small and work your way up when you see if it is successful and if you like doing it.

[@Lifes_Apprentice]

i have over 15 rental properties and understand what you are saying but in todays market it is alot harder to buy good deals. this business cash flows way more money than my real estate and is growing rapidly. i disagree with you mostly although i am invested in about 5 different businesses that are all profitable. you can start a business like this and build it up slowly but then it is just a job... the main reason i made this video was because people were misinformed and i wanted to prove a point

[@nedhill1242]

@@Lifes_Apprentice But very few people have that much money to start up front. And it’s actually from a business sense standpoint not smart. I have a BS in finance and an MBA. You’re not gonna understand how much competition is in your area and why do you even like doing this until you have done it for a while. It makes a lot more sense to buy a used truck and cheaper equipment to get started. Then go from there. Not many people getting into this business have the kind of money you were talking about in your video. And people that do have that much money are going to do something else. And I do real estate also and I am a mortgage broker. I’m starting to buy land to subdivide and put manufactured homes on and then later maybe start building some small houses because it’s getting almost impossible to find good deals on houses to flip or renovate and rent because everybody and their brother that watches HGTV thinks they can flip a house as well as the fact that I’m in Charleston, South Carolina, and there is a ton of competition here from regional and national companies buying properties. Charleston is growing like crazy. Really all of South Carolina is one of the hottest real estate markets in the country. Record low inventory. Charleston has more than 100 people a day moving into the area because of Boeing, Bosch, Mercedes, and Volvo, not to mention people that move here that can live anywhere because they travel for work or can work from home. I get what you’re saying. And your video makes sense assuming you have that much money to put into it from day one. My only point is very few people that get into this business have that much money to invest day one. And until you find out about the competition and whether you’re going to enjoy doing it it doesn’t make sense to spend that much money, I think it’s a great business and I’m really interested in getting into it. And by buying a truck and some trailers that will help me as well as I get more involved in real estate investing. So don’t take my criticism the wrong way. I think it’s great information. I just think most people aren’t gonna have the money to do that they won. And it doesn’t make sense to buy a $50,000 truck when you can buy a used truck it’s in great shape for a fraction of that cost. In the book the millionaire next-door they talk about how most people don’t buy a new car. The smart way to buy a car is the buy one that’s 3 to 5 years old with low mileage because you get it after the majority of the depreciation and then you buy it cash and you drive it for 10 years. Buy a truck big enough to tow a dump trailer or rolloff and you’re really operating intelligently! Because you can use that truck and trailer for other things.

[@Lifes_Apprentice]

@@nedhill1242 completely understand. the easiest way for me to make a fair comparison was to use cost of new equipment because used can vary in price so much. you may get a good deal on a piece of equipment from your brothers uncle or something along those lines which isnt a fair comparison...

[@nedhill1242]

@@Lifes_Apprentice I know a lot of general contractors and subcontractors. Almost all of them go out and find good used equipment. The really big construction companies buy new equipment but most of the small and medium size guys know that’s not smart economically unless you’re making a shit ton of money. The Internet makes it extremely easy to find great deals on cars trucks equipment etc. you can buy used cars and trucks and equipment that has barely been used but you’re getting it at a discount. When my dad retired my parents bought a 37 foot fifth wheel for $16,000. It was around three years old and was a $35,000 camper when new. An older couple bought it and thought they would travel a bunch but realized they did not like it. So they sold it back to the dealer who then sold it to my parents. The shrink wrap was still on parts of the camper inside. I think I read in one of the comments below that that guy in Georgia, Mims, got started for about $10,000 truck and trailer. I would probably find a happy medium. I would buy a used tow truck that I could use for other things as well and buy a new trailer in one of those package deals with four rolloff dumpsters. And I definitely agree that there are far less costs associated with and less maintenance etc. with the rolloff trailers than the dump trailers. And of course the dump trailers are much more subject to getting stolen or vandalized. Because in your calculations the truck was the biggest part of the expense so I would find a really good used truck but buy new equipment and start off with the rolloff dumpsters.

[@guyshipman6646]

Try telling that to Waste Management 🙂

[@jeffhalla777]

Texas pride overpriced

[@mackenziemckayla9715]

I'm Alone 😍😥

[@allensmith8953]

Jesus man! 3 minutes into a 9 minute video and you're haven't even addressed the topic.