Hi,
I am looking to buy a vintage Mooney (M20C or M20E model) or a piper commanche 250. I like everything I’ve read on the Mooneys, but would like some advice. I am 28 years old, I am finishing up with my private pilot license, and want to pursue my instrument.
I am interested in a 4 seater with reasonable speed and useful load for XC’s. I make roughly 180-200k per year. Car is paid off and live a modest lifestyle. It seems like the price of planes has doubled the last 5 or so years. Do you think I would be able to buy a reasonably priced IFR vintage Mooney for 50-60k? I like in the southeastern Texas area, and there doesn’t appear to be too many partnership opportunities within 30-50miles.
Any thoughts or experience is appreciated