flyboywbl
3rd regional in 1 year
Hey guys i was thinking about getting a 1971 Cessna 150 and leasing it back to my flight school i'm going to be working at. I know the owner (my future employer pending my MEI ride next week). They just put a brand new engine in it so that has zero hours. The prop has a fresh overhaul. and it has 5000+ hours TT. It has always been in a hangar since they have owned it. They are asking 27,900 for it. is that too much? Before i bought it i would get a lease back contract signed with the flight school owner saying that i could keep it in his hangar and rent it to students. I'm not looking to make any money on the deal. If i broke even and got some hours with it, I would be happy. I just thought this would be a cheap time builder for my wife and I to putt around the Valley in Bozeman. Maybe take it up to Kallespell for the weekend. If i financed the whole thing it would be about 300 bucks a month for the loan. Insurance would be about 300 a month as well if students are going to be flying it.
Here is the web site. Let me know what you think.
http://www.flysummit.net/aircraft_detail.php?ID=55
Thanks for the input
-Matt
Here is the web site. Let me know what you think.
http://www.flysummit.net/aircraft_detail.php?ID=55
Thanks for the input
-Matt