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Invest in a Versatile Trailer

5:19
19:01
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At 5:19 in

How NOT to start a Construction company

What happens here

After the pickup truck, a versatile trailer is recommended. Tim suggests renting equipment initially to minimize overhead and allow for flexible scaling, but when buying, a skid steer or dump trailer is ideal. He highlights that a dump trailer (like the 14-foot Sure-Trac with two 7,000-pound axles shown in the video) is highly versatile for hauling materials to and from job sites. The main speaker also discusses the option of a dump truck versus a pickup truck with a dump trailer, noting that dump trucks can be brokered out for additional income, providing another revenue stream for the business. Renting is emphasized as a way to avoid large payments during slow months and refine equipment needs before purchase.

Goal: Acquire a multi-purpose trailer to enhance hauling and material management capabilities.

Tools and materials

  • Dump Trailer Sure-Trac
  • Equipment Trailer Rice Trailers — Transporting other heavy machinery like skid steers or excavators

What they say

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around it what's the second thing you would pick up well I mean once you get that truck now depending on what you're doing now you can rent equipment you can rent a trailer I mean I'd probably get a trailer a skid steer trailer or uh even even a dump trailer a dump trailer would be helpful if you can get you can haul your uh um equipment in it and you can also use it as back and forth to your job sites with your materials and you're um you know hauling stuff out hauling stuff in that's a versatile trailer yeah but at first you're not going to have money for any of that you're going to want to just probably rent rent some equipment rent rent um attachments rent things that uh P your jobs and and you start getting something in the bank you know yeah there's absolutely nothing wrong with renting and in fact there's a lot of tax advantages to renting as well and that also helps a person dial in exactly what piece of equipment they need that is best suited for their job sites without worrying about did I buy the right thing did I buy the wrong thing am I now locked into this one thing right yeah you hate to buy put a put a bunch of money into something that just sits there at your shop or you know yeah yeah you want to use that thing every day leasing is also a great way to do it as well as leasing to own eventually so there's a number of different ways that you can go ahead and skin that cat per se to get your toe in the water to to to get the business started without worrying about payments because it's not just the payments during the busy months it's the payments during the off months that tend to get a guy and you guys when you get started you have to also understand calculating your overhead and if you've got a piece of equipment that you now own your overhead goes up a lot more than if you're renting it and I probably get a dump trailer next a dump trailer yep like a like a 12T dump trailer would probably be you know after I did it with the truck for a couple months why do you say 12 foot just it's going to be cheaper option is 12T big enough to get a a piece of equipment inside of it it might I might have meant 14t then 14 is like minimum to get a skid steer in there all right yep do we got a 14 footer here uh not here we have a 16-footer here but the 14 footer is up at Tim's so the what do we got we got a sh track the sh track up 16t D is a 16t dump would you be so concerned with what make and model of a dump trailer you're getting the cheapest one the…

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