Free Plane?

Think maybe he means $14,000?
 
I think he misplaced a comma and left out a zero. But hey, the phone's ringing! :D
 
jhausch said:
Think maybe he means $14,000?
Click to expand...

ok duh. That makes sense

Someone should call just in case this is like one of those scenarios where the old widow sells the lambo for 2k because she doesn't know any better. :wink2:
 
Call him! I'd love to hear what happens. :D
 
Last thing I need is another airplane, but if that dude is stupid enough to sell that for 1400.... That said I'd wager its 14,000.


SixPapaCharlie said:
Flight aware shows it flew in 2012
Click to expand...

Doesn't mean much, old dude never gets radar services wil never show, most VFR float plane never show, pattern queens never show, short hop hamburger hunters never show, etc
 
Last edited:
It's still probably a good deal at $14,000. Probably needs a new engine though.
 
You are going to have to take the wings off to get it out of his backyard.:D
 
You might break even on it at that price after a major overhaul and the annual inspection
 
You never take on a project plane to 'flip it' and make money in this market unless you know everything is perfect and the plane is free. You take on things like this to have the plane you want when you're done.
 
Henning said:
You never take on a project plane to 'flip it' and make money in this market unless you know everything is perfect and the plane is free. You take on things like this to have the plane you want when you're done.
Click to expand...

"This is the eleventh, and greatest commandment, . . ."
 
Henning said:
You never take on a project plane to 'flip it' and make money in this market unless you know everything is perfect and the plane is free. You take on things like this to have the plane you want when you're done.
Click to expand...

I have to disagree. The plane doesn't have to be free to flip it and make money. :rolleyes:

The plane (or any item) needs to have equity. A good eye can see what the market is when the item is polished, primped, and presented properly. There are still brokers buying orphaned airplanes, flying them home, cleaning them up, and marketing them properly and making a buck. Its all about knowing the market.

Houses, cars, airplanes, motor cycles, boats, appliances, what ever. Money is easy to make in this country if you learn a few basics and work hard. ;)

"Early to bed, early to rise, work like hell, and advertise."
Ted Turner
 
Last edited:
Why do you think he's selling it for $14k? In order to sell the plane reliably for more than that, it requires a minimum of $20k spent in the panel, minimum, or people will not buy it. It also has the E-225 and electric prop, this makes it hard to sell, although there is a market. Money wise one might be better off pulling this engine and prop off in good condition and sell them to someone who wants them, and salvage a low/midtime IO-470 and prop. Personally I would keep the 225 at this point as I think there is a MoGas STC for it.

Considering all the rest of the recent airframe work, I'd suspect there's some more corrosion to deal with as well, and probably another bladder going bad.

By the time you can 'flip' this plane, if all you're going to do to get it in annual and shine it up, it's a '$25k airplane tops if you want to get it sold quickly. If you have a good buyer for the prop and engine, you can maybe pick up a few more thousand off the engine swap equation if you do all the wrenching and already have a replacement located. You'll get at most 30¢ on the dollar on avionics upgrades, but you may never sell it again without.:dunno:
 
Henning said:
Why do you think he's selling it for $14k? In order to sell the plane reliably for more than that, it requires a minimum of $20k spent in the panel, minimum, or people will not buy it. It also has the E-225 and electric prop, this makes it hard to sell, although there is a market. Money wise one might be better off pulling this engine and prop off in good condition and sell them to someone who wants them, and salvage a low/midtime IO-470 and prop. Personally I would keep the 225 at this point as I think there is a MoGas STC for it.

Considering all the rest of the recent airframe work, I'd suspect there's some more corrosion to deal with as well, and probably another bladder going bad.

By the time you can 'flip' this plane, if all you're going to do to get it in annual and shine it up, it's a '$25k airplane tops if you want to get it sold quickly. If you have a good buyer for the prop and engine, you can maybe pick up a few more thousand off the engine swap equation if you do all the wrenching and already have a replacement located. You'll get at most 30¢ on the dollar on avionics upgrades, but you may never sell it again without.:dunno:
Click to expand...

Well, you and I both know there are suckers born every minute. A guy might be able to make money off an impulse buyer that doesn't know jack about the Bonanza evolution. There is plenty of info on the net to make a decent decision to buy these antique engines/airframes etc, but that requires work and research, some folks don't have the ambition for that and just write checks.

Personally, its not easy sitting around with a plane broke all the time, even worse when that thing is an antique and new parts don't exist. Salvage parts may or may not be just as bad as what you have.
 
Get someone to go look at it - if it can rationally be made a flying airplane, buy it and fly it.
 
Geico266 said:
Part it out and make $30,000. :dunno:
Click to expand...

Wow. That's some serious optimism. Where is the $30k in this thing? Is there a bag of hundred dollar bills under the back seat we don't know about? If this thing really is worth $30,000 in parts, at $14,000 an opportunity to double your money in this market rare and you should be calling now. If they really are asking $1400, then you should be in your plane, on your way to their doorstep with cash in hand right now.

I suspect they really are asking only $1400 for it. I bet it's the widow of the guy that used to fly it and she just wants it gone. Now. No dicking around, no haggling, no inspections, no nothing, just gone. They may well know that it's a project and would like to see someone take it on and make it fly again and put more value on that than getting the maximum dollar out of it.
 
most $14,000 aircraft are over priced.
 
I'd be in the market for something like that. Left a message on their number.
 
bnt83 said:
Well, you and I both know there are suckers born every minute. A guy might be able to make money off an impulse buyer that doesn't know jack about the Bonanza evolution. There is plenty of info on the net to make a decent decision to buy these antique engines/airframes etc, but that requires work and research, some folks don't have the ambition for that and just write checks.

Personally, its not easy sitting around with a plane broke all the time, even worse when that thing is an antique and new parts don't exist. Salvage parts may or may not be just as bad as what you have.
Click to expand...

If that is one's business investment strategy going into this in this market, one is either not bright or very lucky.
 
It's an old joke. Guy runs off with secretary and phones wife--"Sell the plane and send me the money."

Tim
 
Henning said:
In order to sell the plane reliably for more than that, it requires a minimum of $20k spent in the panel, minimum, or people will not buy it.
Click to expand...

Lol, not really. You had all that money wrapped up in your 310 panel and no one wanted to buy your plane?

It doesn't have to cost that much, and it doesn't need a damn 20k glass panel, also I know this is a popular theme, but an airplane that isn't run for a few days doesn't just poof and turn into a giant pile of rust...

Presuming everything looks OK, IRAN it, pretty paint, hotrod shop interior, maybe add a few salvaged avionics, and you'll have a nice low ish time V tail Bo with new paint and interior. Ain't rocket surgery, and ain't too tuff selling a pretty Bo.
 
James331 said:
Lol, not really. You had all that money wrapped up in your 310 panel and no one wanted to buy your plane?

It doesn't have to cost that much, and it doesn't need a damn 20k glass panel, also I know this is a popular theme, but an airplane that isn't run for a few days doesn't just poof and turn into a giant pile of rust...

Presuming everything looks OK, IRAN it, pretty paint, hotrod shop interior, maybe add a few salvaged avionics, and you'll have a nice low ish time V tail Bo with new paint and interior. Ain't rocket surgery, and ain't too tuff selling a pretty Bo.
Click to expand...

That's just it, if you have to do the additions, you can't get out. If I had priced it at 30¢ on the $ I had in the panel, I would have sold it in a minute, heck, one offer for $50k would have got me more. Without any modern goodies in the panel, nice old 310s don't sell when priced at $25k. Just look at Bonanza prices and what is in the panel. To break $25k and actually the thing, it's going to have at least a 430w in it. Also to sell that one quick it needs a Ramshorn yoke installed, that's a few hundred.

What that plane is is a $100 hamburger plane, and $100 hamburger planes are available for $25k or less. If you want to sell it at traveling machine prices, you have to turn it into a traveling machine. The only thing this plane has in that regards is the tip tanks. To do it right, the panel needs $30-$45k and swap the engine and prop for a 260hp. Even with all that, you'll have difficulty getting more than $55k out of it.
 
I spoke with the owner a few weeks back. The price was right at $12k. If sold to an A&P, it's a fair deal, if sold to a new pilot, he's in for a wild ride. Nothing serious wrong with the plane, but it has been neglected for a while. Needs a lot of little things that are going to add up to around $14k where it will be overpriced with a run out engine(by numbers).

I know the engine cases will go well beyond TBO, but it's going to need cylinders regularly. Also need this and that. I knew of a better deal recently on an old Bo, but I'm still thinking of buying it so not publishing the info.
 
Henning said:
That's just it, if you have to do the additions, you can't get out. If I had priced it at 30¢ on the $ I had in the panel, I would have sold it in a minute, heck, one offer for $50k would have got me more. Without any modern goodies in the panel, nice old 310s don't sell when priced at $25k. Just look at Bonanza prices and what is in the panel. To break $25k and actually the thing, it's going to have at least a 430w in it. Also to sell that one quick it needs a Ramshorn yoke installed, that's a few hundred.

What that plane is is a $100 hamburger plane, and $100 hamburger planes are available for $25k or less. If you want to sell it at traveling machine prices, you have to turn it into a traveling machine. The only thing this plane has in that regards is the tip tanks. To do it right, the panel needs $30-$45k and swap the engine and prop for a 260hp. Even with all that, you'll have difficulty getting more than $55k out of it.
Click to expand...

Which is why it's silly to blow that much money on panel that can't do anything a my 430W cant do.

Also no need for the fancy yoke or 430W in that, VOR/ILS, some older king nav comms, or maybe 400W if the price was right, or a kln just to file /G.

WAY more people would buy a nice polished up basic VOR/ILS V tail than a glass 310 any day.

Avionics are a lot like computers, I never buy the newest thing out for the most money, I buy for my mission.
 
Apparently I don't know how to work the PoA section of the internet. I see she sold for $12k...
 
Here is one for $22,500 in DFW....

Not much more.

http://dallas.craigslist.org/ndf/rvs/4678332462.html



Here is one for $7500

http://bgky.craigslist.org/rvs/4684355774.html


Seems like old Bo's are cheap.


Here are TWO of them for $20k!!!!

http://boise.craigslist.org/for/4740588698.html



Another one for $31k..... (I like the advertisement on this one, if you are SERIOUS, you can get more/better pictures. But not serious buyers have to do with one crappy pic. Btw, it looks like an old guy having to sell)

http://dallas.craigslist.org/ndf/for/4734158191.html
 
Last edited:
JoseCuervo said:
Here is one for $22,500 in DFW....

Not much more.

http://dallas.craigslist.org/ndf/rvs/4678332462.html
Click to expand...

I was hoping no one would post this as it's on my short list to grab. Anyway, I have investigated this plane a few times. It's in great shape but dated interior and radios. The airframe and engine and prop are in very nice condition.

This is a lightweight B35 model without the rudder cuffs, and has a E225 engine. It is blistering fast for an older plane and would make a good hauler for 3 people for a long time.

It needs some int refurb and has a decent oil leak in the acc case. No indication of serious corrosion but some tracks on the ruddervators. Well priced for engine and prop hours. I can do a PPI for anyone interested, and give it a test fly.

Bowling green $7500 is sold and gone.
 
Last edited:
You must log in or register to reply here.
Back
Top