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LDI

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  1. Hey everyone, This is my second post. I'm beginning the process of acquiring a Mooney. My first post has been an amazing help and thought I would start a new thread for this new topic/question. Does any one have any historical trends or experience with asset/plane prices in a recession? What happened to values in 2008, 2009 and 2010? I'm not sure but when I look at the horizon, I am not sure we will avoid one. Many are not feeling the pain yet, stimulus, unemployment, SBA PPP loans, SBA EIDL loans. Anyone with an existing SBA loan, the payments have been made by the SBA until Oct, Airlines can't layoff until Oct, big sectors of our economy are not going to recover quickly. Which will impact other areas and cause a general recession. Anyway, what is the impact of a recession on plane prices?
  2. Using Garmin Pilot or Foreflight, how modern of a system do you need to sync or work with a panel GPS unit? Do you guys just use the iPad for planning and then program in the flight plan into panel GPS or try to sync them? thanks
  3. @Ragsf15e thank you for the reminder. You have me thinking about icing, IFR, and altitude. Even boots or TKS on piston would have me questioning. I'm not sure I have an answer until you get into turboprop.
  4. I assumed the LLC would be for business expenses in addition to liability protection. What are the limitations assuming you are actually using for business purposes.
  5. I’m so glad you jumped in. I haven’t gotten that far but also planning to research the best structure! Thanks!
  6. Thanks SantosDumont! Why the fuel injection requirement?
  7. Yep I agree, but I'm new . TT is total time but I don't understand what is being referenced here... ?
  8. Wow, thank you everyone. I really appreciate the wisdom and advice. I'm excited to join the club and looking forward the search and this was really helpful in narrowing down my search criteria. The biggest thing I don't want to do is bite off more than I can chew and sounds like the major upgrade route could get tricky and expensive fast. I'll keep you posted as we get closer
  9. Hello everyone, I’m looking for help to better understand general costs and recommendations as I begin my search for a Mooney. I’ll try not to ask the repetitive question and debate about what airplane is better, however, hoping for a little help with budgeting and expectations. A little background information. Commercial instrument rated. Mission is primarily myself and maybe one other for business use. Average trip 300 - 400 NM with some closer to 600 NM. Based in the Seattle/Tacoma area heading east. Spokane, Boise, Salt Lake, Portland, etc. Desired budget of around $75,000. If that's not possible maybe more but this is the purpose of the thread. To learn and understand base and upgrade costs. For example, $45k airplane and $30k upgrades or $65k airplane and less upgrades. I’m looking for a solid aircraft. With my budget I’m estimating a C, E, or F. I know there are mountains going east from Seattle and icing but don’t think a turbo or FIKI is in the budget. I don’t mind manual gear, I don’t mind steam gauges. In general I care about functionality and value more than ego. Based on this here are the questions I can't figure out how to answer: Model Considerations - speed vs fuel flow; I assume C, E, and F are all going to be comparable and one is Engine Considerations What is an overhaul cost? Is it better to buy a run-out engine and overhaul or find a lower time engine? How recent should a low time engine have been overhauled (10 years, 20 years)? Avionics Considerations If I purchase an airplane without adequate avionics what is the upgrade cost? I know this is a loaded question but if I’m looking for capability, not fancy. For example, I’m okay with steam gauges (six pack, VOR, ILS or HSI not a glass panel. GPS that can work with GPS approaches and integrate with ILS or HSI but necessarily a big moving map GPS. So with that in mind what would the upgrade cost be? I guess the question is, what is the cost difference to replace with basic instruments again vs "modern" avionics? If most of the avionics are there but the layout is terrible what is the cost to rearrange the panel and update a few steam gauges? Replace just dual radios and dual nav? Add a basic autopilot? Add engine analyzer? Other General cost for a basic paint job? General cost of basic interior? Is this a rabbit hole? Should I be approaching this differently? What am I not thinking about? Thank you for your help and experience!!
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