phecksel

There is some concern of the nitrides forming an acid. I did it for years without any apparent damage, but eventually went with a glue on pad.

My former C had been maintenance free for years... right up until I wasn't flying her much. Go to the point where ever time I flew, I had a minimum $500 repair bill. Final straw was fuel leaking inside the cabin from the fuel pressure gauge tube rubbing on scat tubing. Nothing brings on pucker power like discovering a fast drip of fuel at 500' AGL on takeoff. I don't believe it's a project I want to take on, but it would definitely be mine when it's all done

Friend of mine knowing I'm looking for a Mooney said "you should come look at two on my field, they've been sitting here for years". One needs an engine, local mechanic claims the other "just" needs an annual. Both are E's. Any reason to consider a money pit? Part of me thinks this could be a fun project. Practical side of me says RUN.

If I could find the original data file, RMS going away could be the next issue... Twice before they upgraded the log book program and the data file would read in. RMS was an interesting company/program. They had a great idea, but a lot of cobbled together modules. I had an innate ability to find major bugs in each new release. Think my favorite, was I input code into a comment field and it immediately shut down the computer (Win3.1). I was dumbfounded, so I put in the exact same thing again, and the computer completely shut off. i forget the tech gobbley gook, but they were passing the comment through as a handle and the particular code I input was turn off the computer. When the modern version came out on CD, I asked if they wanted to bet if I could find a bug in 24 hours they didn't take the bet... but the CD wouldn't even load! The finally reached out to make me a beta tester, but due to new work constraints, I couldn't participate

I have a fantastic system, server automatically backs up everything every night... However, through the two computer changes and giving up flying... never considered I'd ever need or want that data again. I think I "might" still have the original C: drive in a box of useless computer parts... need to go look for it.

Like handing the newly licensed teenager the keys ot the supercharged corvette

Rocket is my dream Mooney. 70k is a fantastic price. 150k on a plane you can't fly seems way out of line. I'm guessing there's more to this story than is being presented.

Cash is also king. If you were to seriously dent financial reserves with the purchase, then there is nothing for the unexpected expenses. Being your first purchase, talk to some people about normal and unusual expenses. I went for years without touching my maintenance reserves... right up until a whole series of unexpected repairs one on top of the other. As my plane reserves quickly dwindled, and not having the ability to restore them, I made the decision to sell, and walked away with a tidy profit on the asset. However, when I added up all my expenses, it was a very large scary number. This will cost, and it will cost a lot, but if you go in with eyes wide open, you should be ok. Planes, unlike autos generally hold their value.

Leveraging is a fantastic, albeit dangerous tool. Corporations leverage every day of the year. Our entire global banking system is leveraged (fractional reserve). Housing through the late 90's until '06ish was a fantastic example of how to leverage growth without risk. It's interesting to note, that everyday normal people were getting in on this gig, and it worked well, right up until it didn't. It's the until it didn't is the negative side of leveraging. Dave Ramsey would tell you that interest is a stupid tax... tax on people too stupid to save their money. Jamie's point is well made, if this (as in current global financial status) comes unwound, it's going to be disorderly. It's better to not beholden to anybody. This took the exit ramp a few posts ago

Wow Now I'm really confused, where did I ever say I had an inability to come up with 4k in taxes... and financial ignorance? Just WOW.

I'm looking to make a small fortune in aviation... just don't quite have the large one to start with Taking into account all financials, who of us can really say we have? But, prior owning a Mooney for over a decade exposed me the negative financials as well as the fun. I did make the mistake of adding up all the expenses of that 10 years of ownership to really putting a damper on the doubling in asset value.

get the CG rearward, especially on the C... it makes a HUGE difference.

I bought my current primary residence, literally at the bottom, it was a deal I couldn't pass on Long story, but bought an investment house for an amount of money I couldn't believe, it's currently being sold, at quite the tidy profit. Financing would allow me to get into a bigger, better, faster plane, and NOT have to do immediate panel upgrades. and upgrades I might do would hold their value better than a lower grade plane. What plane would realize upgrade value better, a C with a WAAS GPS, Stec autopilot, or a J?

Sounds like it. I read zerohedge on a daily basis. At some point it's going to come unraveled. However, Japan has been playing this game for 20 years, they are still going. When it comes unraveled, it will likely be very ugly, and frankly, nothing else is going to matter when it does. But, I'm not going sit rocking in a corner sucking my thumb

It was local. In the process of two computer changes, more than likely lost the original data file. Since I was no longer flying, didn't even consider the program or data file. I'll do a search on those file extensions, but not hopeful.

Here's the math, plane that appraised 20% higher than the desperate to sell asking price. If it's truly the deal I think it is, I could walk away tomorrow and sell it for more than I purchased it for. Leverage is a powerful, and dangerous financial tool.

Divorce was what forced me into selling my former C. I was suddenly living way beyond my means, and it was one of the hardest decisions I've ever had to make. My perfect maintenance free plane was suddenly eating me alive. Every single time I flew, somthing expensive broke, minimum $500. It was crazy time!

Are you Dave Ramsey's son Jamie Ramsey? LOL I understand the risks and costs. I'm right on the ragged edge of paying cash for a good C... however, found a most excellent deal that is significantly below market value. My house is paid off, I'm carrying no mortgage, and no, I won't leverage my house to buy a toy Dug deep into the cost analysis, one wild card is the annual. I'm not sure if my former free lance mechanic is still in the business or not. He's gotta be getting near retiring. It was the ridiculous annual costs at a Mooney "specialist" that IMO did an awful job that lead me to this guy.

I had this great idea of using RMS Flitesoft electronic log books when I was flying. Fortunately, I have printed copies up until 1999. Other than losing what I would roughly guess to be 100 hours between late 1999 and early 2002, is there any other reason to freak out about the missing data? Even if I could find the database, RMS has apparently ceased operations, so little hope of recovery. Any issues with going back to my original hard book and filling in all the data? Maybe with an explanation of what I'm doing?

CONGRATULATIONS Mooney F is a GREAT plane for 2+2 passengers!

I think I found a plane... it's a bit pricier than I wanted, but it's a motivated seller, and it's a fabulous price. Asking price in 90k. At that level, what kind of financing terms are available, length, rate, and amount? Suggestions on financing companies? I did ask my credit union, they don't do planes.

I used to fly indigent patients to treatment locations. I enjoyed it so much I ran the local organization for about a year and a half. Those flights are some of the most satisfying flights I made. One of my favorite flights of all time was returning home after the flight. New moon night, thick dense cirrus cloud layer, thick but light (not dense) low cloud layer. The clouds were just lit up with the orange glow from the city. I went from a fairly bright cockpit due to the city lights, to NOTHING but pitch darkness. I almost requested an approach back into the airport, just so I could do that again!

The way I operated was result of research based on pure anedotal evidence and speculation... but it made some sense. As soon as I had the plane back in the hangar, unscrewed the dip stick pulled it out far enough so the threaded portion rested on top of the tube, this allowed the retained moisture to vent. Theory is, that retained humidity, now warmed would begin to rust the interal components. By being completed vented, the engine would equalize to the ambient humidity level, which was quite dry.

indirectly Decision to sell was more related to a nearly maintenance expense free aircraft that suddenly started breaking stuff every time I flew

how much is your time worth?