ownership

Hello all, My business partner and I recently bought and sold an airplane for an good profit. Trouble is, we were recently let go by our employer because of how they perceived the transaction. So I am hoping some people that know better than me can help me understand what went wrong. Here is the...

Hello all, I just bought my first airplane! WOO! It's a 1967 Piper Cherokee in fairly good condition that's been used as a rental/trainer for a short while, and I am wanting to do a couple things with it: Continue to rent it out (I have permission from the airport). The goal being to rent it...

So, I'm at a crossroads for deciding to buy or not... lots of context below and I welcome perspectives from those who've made some of these decisions ahead of me. I know these come up a lot and I've read a lot of old threads. Me: 49, married with kids, two good incomes, but we live in a very...

My brother and I currently both have a private pilots license. We both graduated from uni a little under 3 years ago now. 3 for me and 2 for him. Neither of us have college debt (yay honours scholarships) and currently have jobs working in a pharmaceutical lab setting. (We were both biochem...

I do not fully understand the process for purchasing an airplane. I have created this list based on what I've been reading online. I don't understand how to accomplish step 5, do I need attorney ? And how is step 8 is accomplished ? 1. Airplane Appraisal a. AOPA VREF 2. Contact seller...

I often see for example Cessna 172 same year (e.g. 1976) priced at $30K, $80, $200K or $400K. This makes little sense to me, b\c I see all planes have 6 pack avionics and similar interior. I am a pilot in-training so perhaps there is something I don't understand. These situations everything...

Hi I'm a pilot in training and noticed one of the planes at my flight school clearly shows the registration is valid for 6 years. I asked my CFI and he was completely stumped; he said he will eventually come back with an answer. If he does.... I'll post his response. Registration should be valid...

I'm wondering what a good first airplane would be for the following pilot? Or if I should even buy right now. -110 hours Total Time (and on the rise) -ASEL PPL -Plans to do instrument rating in the future -Weekend day/overnight trips/casual weekday flying -Based out of KRVS (Tulsa, Oklahoma) so...

Spent 3 nights at the sellers house, great guy. Insurance wanted 5 hours, weather was pretty sucky first couple of days, was able to get 1.5 hours in on the 2nd day, weather eventually cleared up on the 3rd day and was able to do a 3.5 hour cross country to knock at all of the hours. I flew it...

Hello, Newer pilot here looking for advice on purchasing first plane. I've recently finished PPL and currently building time renting. Looking to buy a plane that I can grow into and use for actual cross country flying in the future. Plan to also do my Instrument on the plane I buy and...

Hello everyone, glad to find this site to learn about airplane ownership. I have been reading lots of postings about the decision process on buying a plane and I'm hoping to learn a lot more about which plane is best for our family. I have been thinking about buying my first flying contraption...

I am going to purchase a 182 as a first airplane, and am looking for some advice. Should I avoid an RG model? Insurance is more expensive, and it is one more thing to deal with as a newer pilot. I also understand it will cost more to maintain, and there is a risk of a collapse. It is not my...

New pilot, first post. Trying to decide between just renting for a bit, or biting off a purchase. My goal is to build time and get my instrument rating. I want to fly it for 2 years (150-200 hours) to see if I want something bigger (or sell because of limited use or unexpected costs). Would...

I want to buy a plane in a couple years (around January 2022). My planned financial situation will be as follows Wife income 70k a year My income. Working on my career path to airline pilot. At this point I will be a flight instructor building hours and making about 30k a year. But after a...

Hi everyone, I’ve been lurking for a while, making my first post. I’m considering purchasing a Piper Arrow and would love to hear from some current owners about their experiences. I already have lots of hours in the plane when I was a member of a flying club so I know I like the plane. Just...

Hello POA members, We are looking for an owner of a Citation Mustang to be a guest on our aviation podcast - Airplane Intel Podcast, the aviation show about the ins and outs of aircraft ownership. Our owner interviews typically consist of our guest sharing their perspectives, stories, and...

Hello folks, I am a private pilot with 100 hours looking to start my instrument training. While I know plenty of instructors, there are no good aircraft to rent in the area. Because of this, I am looking to purchase an airplane. I want this airplane to be a good platform for me to get my...

Hi all, First post in here actually. A buddy and I are looking to purchase an airplane to do some time building in, get some real world experience, etc. We've pretty much settled on a Grumman, as it seems to be a pretty safe and economical airplane. We're down to 2 airplanes: an AA1A and an...

So it’s been said that an Instrument rating will lower an Airplane Owner’s Insurance cost which is why some people advice to be Instrument rated before buying. But Owning an airplane may reduce the training cost while going for your IFR rating. So, comparing apples to apples, would it make more...

I am looking to purchase my first plane. I currently have CPL/SEL/MEL/IR. My mission is purely the enjoyment of flight, and to build hours in the process in the most economical way. Criteria: -No more than $25k for purchase. -VFR only preferred (simplicity and less to maintain) -Tricycle gear...