Search results

I was going to use Joe Sloat or for some inspections I might pay Lou Fournier. They are both IAs and have done very reliable work in the past and they are on the field. They allow owner assisted work and they inspect it.

Thanks for the advise. My dad uses a general accountant for his taxes for his business and personal. I'll look into it. I also planed on doing the checking account thing. So I guess I will go with an LLC.

The apartment in the hangar is classified for business not residential. The airport is privately owned but is open for public use. It is owned in part by each hangar owner.

I was going to owner assist. Which means I change oil, I open inspection panels, and stuff like that. Also I know this 150, the airframe is in great condition.

So I have to pay a tax on what someone pays when renting? If I am correct, a C corp does that, but an S corp does not. I have accounted for extra maintenance including instrument repairs. How can I get a quote for liability insurance? Doesn't insurance to rent out from AOPA cover that kind of...

My dad owned this plane before, and the 100 hour cost $300 in the past. Even if the 100 hour went up to $700, I would still be able to afford it.

I am going to be doing the accounting stuff on my own. My dad ran several businesses before and he has a business degree, so I will have assistance. I didn't put the start up costs on this post, but I accounted for everything already in the loan payment. I need $18,000. I am putting $8,000, and...

True. Its cool how you went to school and instructed. I accounted for having enough time to do homework and projects. I also have two years of real world programming experience already, so I think some of the computer science classes will be a little easier. I agree, but I am in a position...

I am a software developer, and I planned on making an account system on my website so people training and renting can schedule times from the website. This is the convenience factor. I am also going to wrap my schedule around the students. The good thing about college, is that you are in class...

That's awesome.

I would do most training early morning or late afternoon. It isn't too bad in this one. When I learned in the summer, I did all around lunch time. The plane has two opening windows and two great vents. Once you get going it cools down quickly. It actually climbs pretty well until you get to 6000...

I am very confident with the costs I determined. They are taken from some my dad had when he owned a 150 at the same airport. It also already has ADS-B in and out. The other 50% partner is all for the flight school because they get some rental money from it. They are also going to be trained...

Okay I'll look into it. That makes sense with the 150. Because I'm so light, I could actually train someone up to 230 pounds.

Perhaps, but only after I get my feet a little wet. That is a great idea. I should have the capital, or at least 75% by overhaul and I could get a loan for the rest. So I will buy an engine and just replace it, then overhaul that one and I would likely keep it for the next overhaul and just...

Thank you! If you were still learning, would you choose me ($95 / hour rent wet; $45 / hour instruction)? If Meacham's school is able to charge that much and still fly every single day (I live close enough to see training planes fly every single morning to early afternoon), then wouldn't I have...

I have 2 to 3 students willing to start with me when I begin. However, I am unsure how many i can get. I do know there there is one flight school on the field but they have a very bad reputation and they almost only offer flight training for international students. Another is at a large...

Hello everyone. I am currently training to be a CFI, and I plan on taking my checkride in December. (I'm all set, just waiting on my Mooney to have the overhaul finished). Anyways, am buying a Cessna 150 to rent out and teach in while I am in college, and I have some questions. I plan on doing...

That's awesome! Wow.

Get this magic book: https://pilotgearonline.com/oral-exam-guide-private and have your family or friends just read the questions to you as you practice answering. That's what I have done all he way up to multi-commercial and it seems to work pretty well.

Very cool trip idea. I actually plan on flying from Fort Worth to New York after my Mooneys overhaul. Anyways, here are some airports you could stop at: T67 - my home airport. They have restaurant on field open 7-2pm everyday but Monday. KSEP - has golf carts to a local BBQ place KFSM -...