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re: What do my fellow OTers do to make a living?
Posted on 1/26/23 at 10:09 pm to A Smoke Break
Posted on 1/26/23 at 10:09 pm to A Smoke Break
What I tell people that ask? Construction
What I actually do?
-Development- Very Enjoyable, I’m a Planner and a Dreamer
-General Contracting-Commercial,Residential, Roads- Lot of Risk, Strike Out or Home Run, not much in between. Tool to maximize land development and sales.
-Framing, Siding, Roofing, Masonry, Trim, Cabinetry, and Solid Surface Subcontracting.- Most Diversified Income Stream, Demanding but Rewarding.
-Plumbing and Electrical Service- Everyone takes a sh*t, People are Scared of Electricity
-Lumber and Building Material Sales- Very Demanding, High Volume, Low Margin. Profit is in timing the market and capturing the upside while avoiding downside risk. Need reliable commitments to justify bulk buy and store but the upside chasing the market up is all gravy above base margin if you can avoid downside risk. Tricky, gotta know your stuff.
-3rd Party Rail Logistics- Covers Overhead of Yard Hands and Drivers at lumber yard. 1 man 30 hours a week pays 5 men 40 hours a week for about a 4 month period each year.
-Warehousing- Metal Roofs Leak, Sprinkler Pipes Burst, Crackheads be Crackheads
-Property Management- Cars Drive Into All Commercial Buildings at Some Point.
-Real Estate Brokerage-Silent Partner
-Redneck
What I actually do?
-Development- Very Enjoyable, I’m a Planner and a Dreamer
-General Contracting-Commercial,Residential, Roads- Lot of Risk, Strike Out or Home Run, not much in between. Tool to maximize land development and sales.
-Framing, Siding, Roofing, Masonry, Trim, Cabinetry, and Solid Surface Subcontracting.- Most Diversified Income Stream, Demanding but Rewarding.
-Plumbing and Electrical Service- Everyone takes a sh*t, People are Scared of Electricity
-Lumber and Building Material Sales- Very Demanding, High Volume, Low Margin. Profit is in timing the market and capturing the upside while avoiding downside risk. Need reliable commitments to justify bulk buy and store but the upside chasing the market up is all gravy above base margin if you can avoid downside risk. Tricky, gotta know your stuff.
-3rd Party Rail Logistics- Covers Overhead of Yard Hands and Drivers at lumber yard. 1 man 30 hours a week pays 5 men 40 hours a week for about a 4 month period each year.
-Warehousing- Metal Roofs Leak, Sprinkler Pipes Burst, Crackheads be Crackheads
-Property Management- Cars Drive Into All Commercial Buildings at Some Point.
-Real Estate Brokerage-Silent Partner
-Redneck
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