First Purchase Price Question

ADD'L INFO: Well, sometimes I don't put in ALL the details for brevity
purposes. The plane was actually a co-ownership arrangement, and I was
going
to buy-out all 3.

Wow. I've rarely seen a hangar queen that was owned by a multi-person
partnership. Usually at least ONE of the partners likes to fly, and keeps
the bird running.

Are these older folks? The only time I've seen this kind of thing happen
was in a partnership made up of guys who had all lost their medicals -- and
they STILL wouldn't sell.

Hope springs eternal, I guess...
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Jay Honeck" wrote:
a hangar queen that was owned by a multi-person
partnership.

That's a *really* bad sign. Hard to fit this fact into any scenario
that includes "good airplane."
--
Dan
C172RG at BFM

"Dan Luke" writes:

"Jay Honeck" wrote:
a hangar queen that was owned by a multi-person
partnership.

That's a *really* bad sign. Hard to fit this fact into any scenario
that includes "good airplane."

I agree. Sounds like at least one of the partners stopped paying his
share of maintenance--then the others didn't want to pay either--then
maintenance stopped--then flying stopped. Not good.