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Leasebacks?



 
 
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  #1  
Old June 30th 03, 09:08 PM
d g b u t l e r
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Default Leasebacks?



Richard Kaplan wrote:


Did you ever have a real estate agent tell you that you can make money
buying real estate and then leasing/renting it out?

Did you believe that?


My real-estate investments have *way* outperformed my stock investments the last
couple of years. :-)

Dave

  #2  
Old July 4th 03, 06:29 AM
Dale Harwell
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Dont listen to your FBO. lease back a new Cessna 172sp ? your crazy.
there is no money to be made doing that. All leasing back a airplane
does is lower your monthly payment a little, and make you feel like you
get to fly for free. But if you yhink about it, you will want to fly
your plane on the weekends and so will everyone else. you will just end
up needing a engine overhaul sooner. $15,000
Can you imagine buying a new plane, you probably will have to fork out
10% down and having some student you have never met before fly your
airplane ! It all sounded nice 2 years ago, but now people are catching
on to how dumb it is to do that.People that lease back usually cant
afford the whole payment and it sounds awsome to own your own plane, but
in reality it will cost you lots of money. If you want to and can afford
to buy a plane, buy it for yourself......good luck

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  #3  
Old July 8th 03, 12:28 AM
Rick Cohen
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Dale Harwell wrote:
Dont listen to your FBO. lease back a new Cessna 172sp ? your crazy.
there is no money to be made doing that. All leasing back a airplane
does is lower your monthly payment a little, and make you feel like you
get to fly for free. But if you yhink about it, you will want to fly
your plane on the weekends and so will everyone else. you will just end
up needing a engine overhaul sooner. $15,000
Can you imagine buying a new plane, you probably will have to fork out
10% down and having some student you have never met before fly your
airplane ! It all sounded nice 2 years ago, but now people are catching
on to how dumb it is to do that.People that lease back usually cant
afford the whole payment and it sounds awsome to own your own plane, but
in reality it will cost you lots of money. If you want to and can afford
to buy a plane, buy it for yourself......good luck

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That's not entirely true. The reason to leaseback is to own a business
and not a hobby. You have to go into it knowing it is a business and the
airplane is a machine nothing else. You lease it to make money and fly
when you want. You schedule with the FBO when the plane is yours like
every Sunday or every Tuesday night. You make these arrangements up
front and in the contract. You might even pull the plane off line so as
to give it a rest. One thing about a leaseback is you can buy a brand
new airplane and have the warranty do the maintenance. It's just like
rental property, if no one flies no money is made. If no one rents your
house your paying the mortgage. When the plane reaches the midpoint of
an overhaul, you trade for a new one and payoff the other. If it is an
S-corp business you get the tax deduction. The plane must be located in
a place for training and a high rental rate. A plane that only get 20
hours a month will cost you money. A plane that gets 60 hours a month
can make you money. Too many hours a year, will depreciate the plane
faster, so you have to find the fine line and aim for it.

 




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