Are you allowed to camp airports or spots that always have a spike in pricing? Like that's got to be the money maker.
I GROSS $1,000 TO $1400 A WEEK DOING LYFT, AMA.
- Thread starter MR. SNIFLES
- Start date
fukk Lyft, what's your main gig
I GOT A CONSULTING GIG FOR THIS SMALL COMPANY. THEY'RE TRYING TO MERGE 2 MARKETS TOGETHER AND IT REQUIRES SOME FINESSING OF 2 INDUSTRIES I HAVE LOTS OF EXPERIENCE WITH. I CAN'T TALK MUCH ABOUT BECAUSE OF NDA AND STUFF BUT I DON'T DO A WHOLE LOT.
CAMPING AIRPORTS IS MEH. YOU ENTER A QUEUE AND WAIT IN LINE AT THE AIRPORT. CAMPING THE SURGE/PRIME TIME IS A WASTE SOMETIMES. IF YOU GET A FARE OUTSIDE OF IT, YOU DON'T GET THE RATE.
Good info OP. I like shyt like this so I can always pass on the knowledge to folks in the field.
macadomusic
Superstar
In l.a. you average around 20 /hr. Easy money . made 300 in 4 hours last night cause of the Dodger game and Halloween.
Is Apple involved somewhere in this?
OP do you itimize your taxes? You should be able to get something for that mileage and car maintenance.
T'krm
Superstar
Doing that full-time, I'd worry about thee wear-n-tear on my vehicle, and consider part of my reveneue going just towards maintenance. Heard similar accnts from struggling drivers just trying to break even.
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How do you make money in L A with all that traffic
WELL I GUESS I CAN SPIT SOME GAME TOO.
FIRST THING YOU DO IS GET AN LLC AND PUT YOUR CAR IN THE NAME OF YOUR BUSINESS. IF YOU GET JAMMED UP THEY CAN'T COME AFTER YOUR PERSONAL ASSETS. GET A SECURED CARD IN YOUR BUSINESS NAME AND BUILD CREDIT WHILE YOU'RE SAVING.
DO NOT BUY A NEW CAR TO DO LYFT/UBER. DEPRECIATION WILL EAT YOU ALIVE. IT'S A FOOL'S ERRAND. BUY A 3-4 YEAR OLD CAR WITH LEASE MILES OR LESS. DON'T SPEND MORE THAN 10K ON THE CAR. YOU NEED TO BE ABLE TO CASH IT OUT OR BUY ANOTHER CAR IN 2 YEARS AT WORST CASE SCENARIO. EXPECT TO PUT 50K MILES ON THAT CAR IF YOU GO FULL TIME. SELL IT AT 150K NO MATTER WHAT. YOU CAN USUALLY SELL IT FOR CLOSE TO WHAT YOU PAID IF YOU DO IT RIGHT.
CROSSOVER SUVS ARE AWESOME. FORD FLEX SIZED VEHICLES ARE GOOD. LOW ENTRY POINT FOR SENIORS AND GOOD LEG ROOM ARE GREAT. AND FLEXES ARE CHEAP TO BUY AND FAIRLY RELIABLE. THERE ARE OTHER CARS BUT I KNOW THIS ONE. DON'T DRIVE ANYTHING THAT GETS LESS THAN 22MPG. YOU'RE WASTING YOUR TIME. AWD IS GODLY IN THE WINTER ALSO.
SOMETIMES RENTING A SMALL BUILDING IN A GOOD AREA IS GOOD FOR INSURANCE. IN DETROIT THE INSURANCE IS 3X THE PRICE IN THE BURBS. SO IT WORKS FOR ME.
FIND OTHER HUSTLES TO PAIR WITH LYFT. THERE IS A THREAD HERE FOR THE BIRD SCOOTER CHARGERS. THAT IS A GOOD WAY TO SUPPLEMENT YOUR LYFT INCOME. ANOTHER GOOD ONE IS AMAZON FLEX. FLEX IS FAR SUPERIOR TO LYFT FOR EFFICIENCY. YOU CAN MAKE UPWARDS OF 36/HR IF YOU'RE FAST AND THE FUEL USAGE AND WEAR AND TEAR ON THE CAR IS MUCH LESS. CROSSOVER SUV WINS FOR THIS TOO.
I'LL ADD MORE AS I THINK OF IT.
FIRST THING YOU DO IS GET AN LLC AND PUT YOUR CAR IN THE NAME OF YOUR BUSINESS. IF YOU GET JAMMED UP THEY CAN'T COME AFTER YOUR PERSONAL ASSETS. GET A SECURED CARD IN YOUR BUSINESS NAME AND BUILD CREDIT WHILE YOU'RE SAVING.
DO NOT BUY A NEW CAR TO DO LYFT/UBER. DEPRECIATION WILL EAT YOU ALIVE. IT'S A FOOL'S ERRAND. BUY A 3-4 YEAR OLD CAR WITH LEASE MILES OR LESS. DON'T SPEND MORE THAN 10K ON THE CAR. YOU NEED TO BE ABLE TO CASH IT OUT OR BUY ANOTHER CAR IN 2 YEARS AT WORST CASE SCENARIO. EXPECT TO PUT 50K MILES ON THAT CAR IF YOU GO FULL TIME. SELL IT AT 150K NO MATTER WHAT. YOU CAN USUALLY SELL IT FOR CLOSE TO WHAT YOU PAID IF YOU DO IT RIGHT.
CROSSOVER SUVS ARE AWESOME. FORD FLEX SIZED VEHICLES ARE GOOD. LOW ENTRY POINT FOR SENIORS AND GOOD LEG ROOM ARE GREAT. AND FLEXES ARE CHEAP TO BUY AND FAIRLY RELIABLE. THERE ARE OTHER CARS BUT I KNOW THIS ONE. DON'T DRIVE ANYTHING THAT GETS LESS THAN 22MPG. YOU'RE WASTING YOUR TIME. AWD IS GODLY IN THE WINTER ALSO.
SOMETIMES RENTING A SMALL BUILDING IN A GOOD AREA IS GOOD FOR INSURANCE. IN DETROIT THE INSURANCE IS 3X THE PRICE IN THE BURBS. SO IT WORKS FOR ME.
FIND OTHER HUSTLES TO PAIR WITH LYFT. THERE IS A THREAD HERE FOR THE BIRD SCOOTER CHARGERS. THAT IS A GOOD WAY TO SUPPLEMENT YOUR LYFT INCOME. ANOTHER GOOD ONE IS AMAZON FLEX. FLEX IS FAR SUPERIOR TO LYFT FOR EFFICIENCY. YOU CAN MAKE UPWARDS OF 36/HR IF YOU'RE FAST AND THE FUEL USAGE AND WEAR AND TEAR ON THE CAR IS MUCH LESS. CROSSOVER SUV WINS FOR THIS TOO.
I'LL ADD MORE AS I THINK OF IT.
Good I was hoping you had an LLC that way you can write off expenses.
Thought about doing this shyt, but the money wouldn't really help me.
I just want to do this as a way to network and get more traffic to my side busineses. I can put flyers and cards in the backseat for my used car dealership and property management that I am part of.
Problem is I don't want to put the miles on my car nor to put miles on the cars that I sell.
I still might try this shyt one weekend.
I just want to do this as a way to network and get more traffic to my side busineses. I can put flyers and cards in the backseat for my used car dealership and property management that I am part of.
Problem is I don't want to put the miles on my car nor to put miles on the cars that I sell.
I still might try this shyt one weekend.
why do you type in all caps.....I hate people yelling
GAS VARIES PER WEEK. MAKE SURE YOU HAVE FUEL REWARDS CARDS WITH EVERBODY. CASH IS KING. HAVE A BUSINESS DEBIT CARD ON DECK WITH CASH BACK ON FUEL AND FOOD. GET YOUR MONEY'S WORTH.
I CLAIM EVERYTHING. I CLAIM GAS, VACATIONS, FOOD, MAINTENANCE, MEMBERSHIPS, THE RENT ON THE BUILDING I JUST GOT.
BOTH MY CARS WERE 2009 FORD TAURUS X. I'M HUNTING RIGHT NOW FOR THE NEXT CAR. IT'LL SIT IN THE GARAGE UNTIL I SELL MY CURRENT.