bavreze
Pre-Flight
Hello guys!
background: just passed my CPL checkride yesterday, had IFR rating since 2016 and PPL since 2011, flew about 850 hrs so far in about 35 us states, mexico, caribbean and europe. Previously owned c172, now with a m20c. I have a budget for moving forward. However, I'm the kind of guy who changes his own tires and works hard during annuals to save a few hundred bucks here and there if possible. I'm 37 now and had 1st class medical 2 years ago.
purpose: to be able to support myself and my family doing something in aviation within the next 3 years or so (now I still have an income but would like to move on)
question: what to do next, wisely?
So far I narrowed down to 2 options: CFI or build 1500 hrs total (100 hrs multi) and apply for job at regional airlines.
Still, each option moving forward involves a significant amount of money, time and effort and I would like to use these resources in a smart way.
I like explaining things and many people, including the last DPE I met, said I could do a good job teaching and that I would be a good instructor. However, I know as a CFI I can probably make around $25/hr with no guaranteed work, contracting for a local flight school. Plus, the CFI checkride is tough (I heard scary stories like "you should go do this in texas, in socal they CFI fail rate is 95% etc") and my Mooney does not have brakes on the copilot side so that could be a problem.
If I aim for airlines then I probably have to spend some $$$ on more flight time and go for multi IFR/commercial add on. Which splits the path in 2: rent a twin and spend $30k or buy a cheap one (such as a piper apache), fly the 100hrs, then sell it (and save probably $15 but get ready to deal with A&P, IA, prebuy, ebay etc.
Suggestions?
Thanks!
background: just passed my CPL checkride yesterday, had IFR rating since 2016 and PPL since 2011, flew about 850 hrs so far in about 35 us states, mexico, caribbean and europe. Previously owned c172, now with a m20c. I have a budget for moving forward. However, I'm the kind of guy who changes his own tires and works hard during annuals to save a few hundred bucks here and there if possible. I'm 37 now and had 1st class medical 2 years ago.
purpose: to be able to support myself and my family doing something in aviation within the next 3 years or so (now I still have an income but would like to move on)
question: what to do next, wisely?
So far I narrowed down to 2 options: CFI or build 1500 hrs total (100 hrs multi) and apply for job at regional airlines.
Still, each option moving forward involves a significant amount of money, time and effort and I would like to use these resources in a smart way.
I like explaining things and many people, including the last DPE I met, said I could do a good job teaching and that I would be a good instructor. However, I know as a CFI I can probably make around $25/hr with no guaranteed work, contracting for a local flight school. Plus, the CFI checkride is tough (I heard scary stories like "you should go do this in texas, in socal they CFI fail rate is 95% etc") and my Mooney does not have brakes on the copilot side so that could be a problem.
If I aim for airlines then I probably have to spend some $$$ on more flight time and go for multi IFR/commercial add on. Which splits the path in 2: rent a twin and spend $30k or buy a cheap one (such as a piper apache), fly the 100hrs, then sell it (and save probably $15 but get ready to deal with A&P, IA, prebuy, ebay etc.
Suggestions?
Thanks!