Decision time

"G.R. Patterson III" wrote in message
...


Mike Rapoport wrote:

Selling an airplane with 200hrs
left on the engine is probably the worst time to sell it.

Maybe, but that runs neck&neck with "fresh overhaul."

The best time is when it has about 200hrs SMOH.

Yep. Buyers can be sure that you didn't get a cheap overhaul just to sell
the
plane.

I bought mine just 60 hours short of MOH. I wanted it that way because I
wanted to redo the engine (IO-550 exchange for the problematic TSIO-520-UB,
TN, Millennium cylinders). It had just enough time left to get some dual in
it, then send it to the shop for the rework.

I can't speak for others, but I'd rather do it my way.

--
Matt
---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO

Matt Barrow wrote:


I bought mine just 60 hours short of MOH. I wanted it that way because I
wanted to redo the engine (IO-550 exchange for the problematic TSIO-520-UB,
TN, Millennium cylinders). It had just enough time left to get some dual in
it, then send it to the shop for the rework.

I can't speak for others, but I'd rather do it my way.

I'm with you, Matt. I'm not in the market right now, but if I were, I'd be
looking for a runout, with the price appropriately discounted. Dave

"Dave Butler" wrote in message
news:1104329984.30249@sj-nntpcache-3...
Matt Barrow wrote:


I bought mine just 60 hours short of MOH. I wanted it that way because I
wanted to redo the engine (IO-550 exchange for the problematic
TSIO-520-UB,
TN, Millennium cylinders). It had just enough time left to get some dual
in
it, then send it to the shop for the rework.

I can't speak for others, but I'd rather do it my way.

I'm with you, Matt. I'm not in the market right now, but if I were, I'd be
looking for a runout, with the price appropriately discounted. Dave

Another bird I was looking at was only 20 hours after MOH, but the owner did
a regular, basic overhaul. If it was mine, I would have wanted to at least
put in Millennium cylinders and a few other things, but this guy did a
"Monkey Ward" caliber OH.

Thanks, but no thanks.


Matt
---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO

I bought mine just 60 hours short of MOH. I wanted it that way because I
wanted to redo the engine (IO-550 exchange for the problematic
TSIO-520-UB,
TN, Millennium cylinders). It had just enough time left to get some dual
in
it, then send it to the shop for the rework.

I can't speak for others, but I'd rather do it my way.

--
Matt
---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO



Matt,

I am with you too, but I hear more owners say they don't want to have to
deal with it. They would rather buy a plane with a couple hundred hours
plus and close enough to how they want it that they don't need to do
anything.

Just like you hear people say they never want to build or renovate a house
again.

That's why I tell folks to sell buy 75% TBO, or not until they have worked
out the new engine. For a 2000 hour engine, it seems that 200 to 1500 hours
is much easier to sell than any other Tach times.

"nobody" wrote in message
m...


My experience is that there are a lot more people looking to buy into
partnerships than partnerships looking for new partners. More so if you're
near a major metropolitan area where there's a high volume of new pilots
looking to get out of renting.

Sounds like the plane is perfect for two of your partners. Why not have the
two of you sell your shares and go off and find something on your own?

-cwk.

"Colin W Kingsbury" wrote in message
ink.net...

Sounds like the plane is perfect for two of your partners. Why not have
the
two of you sell your shares and go off and find something on your own?

Tried that. Nobody wants to buy into a partnership with an almost run-out
plane and no engine reserve. That was my first choice but no serious bites
in six months of advertisement. We're based at IWS (West Houston). You'd
think that in a city of 4 million there would be a few pilots looking for a
partnership.

I'd sell my 1/4 share for 10K today. We pay 45.00 an hour wet to fly and
75.00 a month for covered parking and insurance. Its a cheap way to stay in
the air.

Ed

In article ,
nobody wrote:
Tried that. Nobody wants to buy into a partnership with an almost run-out
plane and no engine reserve.

If the other partners decide not to chip in at overhaul time then you
can't fly it and you've got a big investment that you have little chance
of selling. If you don't think that's a problem for your particular
partnership maybe you can convince the partners to create the fund now
with the possibility of selling individual shares at a higher price.

--
Ben Jackson

http://www.ben.com/

"nobody" wrote in message
m...
"Colin W Kingsbury" wrote in message
ink.net...

Sounds like the plane is perfect for two of your partners. Why not have
the
two of you sell your shares and go off and find something on your own?

Tried that. Nobody wants to buy into a partnership with an almost run-out
plane and no engine reserve. That was my first choice but no serious
bites
in six months of advertisement. We're based at IWS (West Houston). You'd
think that in a city of 4 million there would be a few pilots looking for
a
partnership.

I'd sell my 1/4 share for 10K today. We pay 45.00 an hour wet to fly and
75.00 a month for covered parking and insurance. Its a cheap way to stay
in
the air.

Ed



Your assessment is absolutely correct. I think you are more like at the
come to Jesus time. You are looking at a plane that likely needs to get
wholesaled, UNLESS.

Unless you can all get together and come up with a better solution that you
all agree to. Thus the downside of the partnership arrangement - there is no
free lunch.

If you all get along, and would like to move up, then you may be able to get
somewhere. You can do slightly better than rock bottom price with a trade
in to a broker or dealer. You can also pay off any unwilling partners out of
the trade at closing by financing all but 10% of the new plane.

Next time, keep a reserve. Its not just for overhaul, it can be used for
anything the group wants. Money can solve problems, and its easier to spend
the reserve than get all the partners to pony up at the same time. The club
can thus finance a new GPS by spending the reserve, and increasing the per
hour dues to make it up.

Well, we had an owners meeting last night. Decided to have another oil
analysis done and carefully evaluate the current health of the engine. If
we are satisfied that we can truly go past TBO, we are going to paint it and
keep it for a while and put a reman in it when it needs it. If the analysis
shows a significant deteriorating trend, we'll drop the price and wholesale
it or see if we can work out a trade with a dealer or broker.

Ed


"nobody" wrote in message
m...
Our partnership decided to sell our '77 Warrior II while it still had
about
400 hrs left before TBO. That was a year ago. There is about 200 hrs left
now. Vref shows about 48K and we've dropped the price to 42K. She needs
paint and is right at TBO. She still runs strong and burns about 1qt of
oil
every 10-12 hours. All the ADs are current and other than the paint,
there
are no squawks. Its a good IFR platform and time builder with an STEC 40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008

In article ,
nobody wrote:
Well, we had an owners meeting last night. Decided to have another oil
analysis done and carefully evaluate the current health of the engine.

Oil analysis requires a trend. Start doing them at every oil change
between now and TBO and you'll know something by then.

--
Ben Jackson

http://www.ben.com/