Possible Partial Ownership Opportunity, Advice?
Hello everyone! I'm new to the forums but not entirely to this field. I'm 21 and a student with Embry Riddle Worldwide living in Pennsylvania. Just today I learned about an opportunity to join into a partial ownership of a Cessna 150 with a friend of my family who owns the actual aircraft. My original goal was to get through college, earn my degree, work on my pilot ratings, and eventually working as a charter pilot or possibly waaay down the road commercial.
My question to anyone here is really how practical is it for someone in my position to be looking into this? I honestly don't have any details about the aircraft itself yet, and just going from the point of view that it's in proper working condition without any serious maintenance needed. The guy looking to do this is asking $6,000. And currently I don't have any pilot ratings at all. My grandpa (used to work for the FAA) recommended looking into it at the very least and seeing if it would be practical for me since it would cut down on the cost of of my training since I would already partially own my own aircraft to train in. Could anyone here advise me if you think this is a worthwhile opportunity I should really look in too, or even list any particular questions I should ask the guy when I can contact him? I'd also like to know on average what maintenance on these aircraft might cost per year, if someone would know that too.
I'm really just trying to make a smart decision financially, if it would be smart to go ahead and bite the bullet and do this while I'm in college (paying my way through as well) or wait until afterwards? Any advice would be appreciated! Thanks!
Buy the Plane
There is a book available on iBooks called "So You Want To Be A Crop Duster", it answers general questions about becoming a pilot, crop dusting, and buying a plane. It may not be as specific as you would want, however, there is a lot of good advice about learning to fly. It's short and easy to read. $7.99
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