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Chris wrote:
I am planning to buy into an existing partnership. Should I be less vigilant during prebuy than when buing a plane by myself? - maybe no, but I would like to listen to some arguments. I did that. The plane was being maintained by a shop that I had an existing relationship with, so I just talked to them about the plane. They already knew me, and they knew the plane. Otherwise, I would have gone for a prebuy inspection just as if I were buying the whole plane. A prebuy is not that expensive and could save you some grief down the road. Make sure you check out the partners as well as the plane. I bought into what sounded like a great partnership. It's worked out OK, sort-of, but if I had been a little more diligent with my research I might not have bought into this one. What I heard was that the plane was available a lot because my prospecitve partners rarely fly. The part I missed was that, since they rarely fly, they're not particularly interested in speedy fixing of squawks. My advice: find partners whose goals and interests are similar to your own. Dave |
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