Hi all,
I'm sure these types of questions get asked often, so I apologize in advance. I'm a newbie to the Mooney community here, but I've been interested in purchasing one for quite some time. I've finally gotten to the point where I am seriously considering doing it in the next month or so.
After doing a bit of searching to see what's on the market and thinking about my price range, I think I have decided a J model is right for me. I had also considered an F model, but the (admittedly small) speed advantage of the J model is appealing, plus the J models that are available seem to be better equipped and less of a 'project'. (I am hoping to buy something with the equipment I want rather than doing a whole avionics overhaul right off the bat.)
My 'mission' is basically IFR cross-country flying with my wife, which would seem to make really any of the M20 models pretty ideal for us. We live in Florida, so there isn't often a need for very high-altitude flying (and therefore, I am not looking at any of the turbo-equipped models). I also can more easily stomach the cost of an unexpected overhaul of the non-turbocharged engines. My budget is ideally $110,000-$120,000. Based on my preliminary research, it seems like that budget should be enough to find a reasonable example of a J model. (Does that seem realistic?)
My personal experience level is moderate... I am a 600 hour part-time CFI/CFII, but virtually all of my time is in 172s/PA-28s. My only actual hands-on experience so far with a Mooney is 10 hours or so I had in an M20F model a couple years ago, but I came away very impressed. I expect the J model would fly fairly similarly, is that about right?
The most 'intimidating' thing for me about shopping for a Mooney so far is the huge variety of STCs that sellers advertise. It seems like virtually every aircraft I look at has at least 2 or 3 STC'd modifications.
I guess my questions for this community would be... if you were shopping for a J model in my price range, what are the big desirable things to look for as far as STCs? What are some early model-specific red flags I should watch out for (or ask sellers about) before I get deep into the process (pre-buy inspection, etc)? Do you guys think my price range is realistic? Does the year matter, or were the J models fairly consistent throughout the run?
Also, can you guys recommend any pre-buy services or brokers that specialize in Mooneys? I have looked at SavvyPrebuy but have heard mixed reviews.
Thank you from a hopefully-soon-to-be Mooney owner