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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
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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 *** Sent via http://www.automationtools.com *** Add a newsgroup interface to your website today. |
#3
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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 *** Sent via http://www.automationtools.com *** Add a newsgroup interface to your website today. 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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