Heavyequipco

🚜 Heavy Equipment Investing | Cost/Hour | Useful rental Life | Heavy Asset Lifecycles | Consulting, Buying, Selling and Renting | Looking for Iron | 🌎

[Heavyequipco @heavyequipco]

Do you want to evaluate equipment like a pro? Let me show you a cheat code. $rba $cat $de @RitchieBros @RitchieBrosUK

#heavyequipment #caterpillar #deere #hitachi #usedequipment #construction

[Heavyequipco @heavyequipco]

2012 Caterpillar 730 Articulated truck
10,780 hours
50% idle time
Excellent rubber
$25k in recent work orders
Work ready! Available immediately!
$165k USD
Inquire for more info

[Heavyequipco @heavyequipco]

Go time!

[HeavyEquipmentTrades @dig_with_kyle]

Over the next 3 months I will be building a company from scratch. I’m going to try and document the entire ride with you guys as best as I can. The party started yesterday. I bought a domain and organized all of my files. A master list of equipment/maintenance/costs. A few ads. There’s no time to spare it’s time to go now.

[Heavyequipco @heavyequipco]

It’s been a minute since we tweeted here :) how are you?

[Heavyequipco @heavyequipco]

RT @dig_with_kyle: Quit list I did up today for a DM on what brand to buy:

Yanmar = few year old cat and older, john Deere, Hitachi (all s…

[HeavyEquipmentTrades @dig_with_kyle]

Had a call with a “failed” broker yesterday. Good guy but just didn’t have the wear with all (and enough cash) to make it in the biz on his own. I’ve helped him how I could. He was offering me a machine and asked what I was looking for. I said we would buy and look at anything he has that’s a deal. He laughed at me. Big mistake. We’re not looking for a gift, we’re looking for machines that aren’t full retail. We make money selling and renting, our only income is from depreciation and it’s extremely important we pay fair value where we can profit. This is the cornerstone to our business. If you laugh at this, you won’t make it. Simple.

[HeavyEquipmentTrades @dig_with_kyle]

I’m going to share a story and one of my secrets right now on how to buy a piece of heavy equipment off a developer. Developers always need cash and many don’t need equipment assets often and many haven’t even considered what I’m about to say…🚜🚧

Are you ready? Let’s go…🦴

1/ You notice a machine not working every day on a development type job (commercial, industrial, residential).

2/ You catch the owner/worker in the machine by your follow up process (driveby / you found his number / whatever)

3/ Keep it simple and concise, respect his time, “have you considered selling your machine, we’re a buyer and actively looking.”

4/ Now you dig into the special sauce and hit him with questions, “may I ask what you paid / when you bought”, get as much info as possible, focus on how many hours per year they utilize the asset and get that data. The market is still strong and the machine was likely bought well below todays values. You can afford to pay top dollar and still get a deal.

5/ Do your DD on the market and machine (ideally this is a target asset for you). ALWAYS ALWAYS ask them to set the price first… if they can’t… Offer him 10-30% less then they paid new, this should be a good deal and a great deal for them. In many scenarios you could even pay full price that they paid new.

6/ Back to the special sauce, at close, discuss how much of their cash can be returned to them and how little their rental would be based on a likely poor utilization. In an example for me a few weeks ago… they were under 100 hours per year. This equates to a $6000-$8000 per year rental bill vs a $175,000 asset sitting idle.

7/ Write the cheque and go to work on selling / renting / utilizing your new machine.

Questions?
✌🏼👋
#heavyequipment

[HeavyEquipmentTrades @dig_with_kyle]

These machines are $750k ($230/hour depreciation) and $550k ($146/hour) new respectively. They were a bargain yesterday. These machines should lease and operate for $50-60/hour MAX.

[HeavyEquipmentTrades @dig_with_kyle]

What a spot.

[Heavyequipco @heavyequipco]

We're at the part of the equipment cycle where new prices are extremely high and rebuilding costs are extremely high. The only discounts out there are on off-brand products coming from overseas. Be very cautious, when the market turns they will be left holding the bag.

[Heavyequipco @heavyequipco]

Riding a pretty good espresso buzz this morning. Let's talk about some equipment stuff. Post/thread coming next. #heavyequipment

[Matt Wallace @MattWallace888]

WARNING: George Soros IS ABOUT TO BUY Vice Media for $400,000,000!!! GET READY FOR EXTREME PROPAGANDA!!! ⚠️🚨⚠️🚨⚠️🚨⚠️🚨⚠️🚨

[StripMallGuy @realEstateTrent]

Sellers should do their own Phase 1 and Phase 2 testing if they want to bring a property to market, period.

It's nonsensical that a buyer should take on the cat and mouse game of figuring out if your site's contaminated and spend tens of thousands of dollars digging around your property.

Besides, you don't want a buyer driving the investigation anyway.

As an owner, you want to control the process.

If you've ever had a drycleaner and you don't want your site tested, that's your business, but then don't try to sell it.

There is not a lender in the world that will lend on a contaminated site, and no real buyer will close at your price (or for me, any price), if you have an issue.

Save yourself, your broker, and the buyer a lot of time and hassle, and get this question out of the way before you go to market.

Too much time and effort is wasted by good faith buyers and brokers who come to find out the site used to be a drycleaner for 5 years in the 1970s.

"Clean Phase 1" should be part of every single package.

This should be standard, and long overdue.

[Antonia @antonia_mdprjct]

@realEstateTrent Wait until they start getting requests for foot pics…

It can get weird real quick.

[Heavyequipco @heavyequipco]

#nothingelsematters

[Heavyequipco @heavyequipco]

Work ready. Needs a home!

[Heavyequipco @heavyequipco]

4 Beautiful 2020 Volvo A40G rock trucks incoming next month.

[Heavyequipco @heavyequipco]

2021 980M - the worlds most productive loader.

[Heavyequipco @heavyequipco]

@danielmullen On the mountain side lol

[Heavyequipco @heavyequipco]

Would you buy this? #heavyequipment

[Heavyequipco @heavyequipco]

New equipment is great. But have you ever got lucky with used and made 30% or more profits by keeping your debt payments down? That’s the secret. Let the old pay for the new. #usedequipment #heavyequipment

[Heavyequipco @heavyequipco]

The work.