Greg wrote:
I am really interested in finding a partnership to buy into.
interested in a time building plane that can also be used for flying
with friends and family (ie can't be a 150/152) Any advice on the
following:

1. how does one go about locating an existing partnership

2. in the absence of existing partnerships, how does one recruit
others to go in on a plane

3. any advice on buying the plane outright and selling part interest
in it to others

Good plan, but it's not easy in practice. I was lucky and had a good partner to
start out with, and he had some previous experience with ownership.

Put up notices in all the nearby FBOs' corkboards. Put an ad in the 'airplanes'
section of your local newspaper classifieds.

It's probably easiest to find an existing partnership with one partner who wants
to sell, next easiest is to buy the plane first, then find a partner, hardest is
to form a partnership to buy a plane.

There are good an bad partnerships, I've been in both kinds. Hardest thing is
assessing whether your goals and your partner(s) goals are compatible.
Everything is a compromise. No partnership is perfect.

Get the information on forming a partnership from AOPA.