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jgarrison

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Everything posted by jgarrison

  1. It was just west of Prince George
  2. Aeromotors does not do the Romec pump. Had a nice conversation with Mike's Fuel Metering in OK and decided on them. Thanks for the recommendations.
  3. Thanks. I think I remember their name from someone in the past!
  4. Anyone know of a boutique shop (one man operation or the like) who can overhaul a Romec fuel pump. I haven't been too satisfied with the big guys lately. Want to see if I can find a quality shop that is mom and pop or smaller.
  5. https://planecrashmap.com/plane/la/N577RS/
  6. Rocket in California. M20J in Louisiana. Both encountered massive thunderstorms.
  7. I just sell the bottles. 115cf Kevlar for $1475
  8. I just spoke to Jack on a referral from Parker. After talking to him and reviewing this advertisement, I advised him that he should drop his price from $49,900 to $44,900. At $44,900 I think it represents a good value with the low total time, the Bladders, the new Top Prop and some of the nice maintenance items he has incorporated and will give the new buyer a nice platform to build a good first Mooney on. We discussed me selling it for him but after commission and transportation to TX, I advised Jack that he would be better off to keep it up there, reduce the price and get it sold locally. Jack's number is above on the advertisement. Please give him a call if you a looking for a well kept early Model Mooney. For the record, I am not receiving anything for this referral. Just want to see a good Mooney go from on good owner to the next. Jimmy
  9. Wow!!! That is a LOT of flying! Glad you are enjoying it. We will be here when you get ready to trade up!
  10. Yessir. We sold one Missile and took a nice M20C on trade for it. My first personally owned Mooney was a Missile. Good planes. Maybe we should figure out how to revive that STC?!?
  11. Just a quick note to say Happy New Year and to say a BIG thank you to the folks on the board that have recommended me and our business over the years and those that we have sold Mooneys TO and FOR. You guys are great and I appreciate the referrals you guys post. While I know it is impossible to have a completely painless transaction every time (with the experience of the 1,000 Mooneys we have sold I can't tell you how many little things can go wrong on and plane and or its sale), I do work hard to make each transaction a smooth one and the support from the Mooney community is greatly appreciated. We closed the books on 2020 with 67 Mooneys sales closed (72 total sales including a few stragglers I sold for friends), which is by far our best year ever. 25 of those Mooney sales never hit the Controller site and were sold to our 'New Inventory' email blast list. I remember a guy on the forum early in 2020 that said he was waiting for the prices to plummet before he purchased a plane and I pointed out to him that I did not expect that to happen, that my phone volume and discussion with others in the industry told me something different. As it turned out, 2020 and the challenges that we have faced as a country and a planet did not seem to befall the small GA market. My contacts in the title, banking and insurance business have told me that they have never been busier. Prices are holding and in some cases have risen in the last 12 months. I have a theory on it, but just suffice it to say, at this time, I don't see the same issues in this market that I saw in the previous three market corrections since I started in 1995 (Tech Bubble Burst, 9/11 and Real Estate Bubble/Recession). I could be wrong, but it just feels different. So again, Happy New Year to all the MSers and here is wishing everyone a safe and healthy 2021 and beyond! If you are every in the area, let me know and I will buy you a Dr. Pepper. Jimmy
  12. Mooney made three different versions of the J during this era (I know they did in 1987 but I believe also in 1988). The 205 (28V, Inner Gear Doors, round windows, a few other small additions), the 201, very few made, (28V<I think>, no inner gear doors, square windows and a scaled down slightly vs. the 205) and the LM <Lean Machine> (14V, KAP-100 AP, No HSI and really bare bones on the paint and interior, along with some other downgrades to keep costs down - aimed a flight schools). The LM sold at a significant discount to the 201 and even moreso to the 205 ($30-40K- or a 25-35% discount). Based on your voltage showing on the 900 (12V), I am going to call it a LM from the factory, but it has obviously been upgraded with the KAP-150 and the no-HSI issues has been fixed with a G-5. Very clean panel and you did a very good job of upgrading it overall.
  13. Half Simple Green, Half Water. A scrub brush and a towel.
  14. Two more coming soon.
  15. Two more coming soon.
  16. Selling for a customer (estate). This is a Electric Powertow and runs off of a chord (not a battery). As the unit is bulky and the person involved in liquidating the hangar equipment is unable to ship, the unit will need to be picked up at the Chester County PA Airport (KMQS). Initial contact can be made through me and then I will connect you with the appropriate party. email me a jimmy at gmaxamericanaircraft dot com Thanks!
  17. Selling a Bonanza for a friend. 530W is constant receive (like when you test squelch). I saw on another topic that someone fixed a sqelch issue in the field. Can anyone advise if there is a fix before we commit to the $1,200 Garmin flat fee? Thanks, Jimmy
  18. A quick and dirty VRef comes to $209K (using VRef specific numbers for the upgrades), but not counting upgrades for Flight Director, Altitude Preselect, Hartzell Top Prop Upgrade and the Electronic Standby AI (in the TC slot). Those are upgrades to the standard aircraft from the year model. And that is only giving the standard $6,500 for the new paint, which I have been told was a $30,000 cost (rumor has it that it was painted by the same shop that does paint work for Air Force One - but that could just be a rumor - I do know it was a top end and pricey paint job). That all being said, I am going to be very reasonable on the price. How reasonable? I will let you know once I see it. BTW, I can take trades on this one.
  19. Pretty plane. Not original paint though.
  20. You are right... Let me fix that.
  21. I am selling my best friend's Bonanza B36TC and have convinced him into trading into a Mooney to either fly or have me resell. Let me know if you may be interested in moving to a six-seater. 1994 model with low total and engine time. Thanks, Jimmy jimmy at gmaxamericanaircraft dot com
  22. Any of you that have read my stuff over the last 23 years know that I am not a fan of Bluebook or VRef and a true guide to value. The primary reason is that they have no clue when it comes to the actual sales of aircraft because sales prices are not published anywhere. Complicate this by a factor of 100 (vs. when BB started out so many years ago) with the number of variables available to be installed on a plane. There is no way to keep up with it. In the old days, you have a two or three brands of avionics and autopilots and about four typical installations in the panel (Nav/Com, ADF, DME, HSI and maybe a stormscope or radar). Believe it or not the base value in Bluebook for a lot of Mooneys, last time I looked at it, includes an ADF as typically installed equipment (maybe behind the times are they?). The more I looked at the BB guide and how they value not only the base aircraft but the upgrades, the more I stopped looking at it. And then cancelled my subscription altogether (after having one for 23 year plus another 5-6 with my predecessor). So they do the best they can do with info available to them (or maybe they just SWAG it) put numbers on paper or into digital form and tell the world what happened last quarter in aviation, as authorities, and then the market actually gravitates to their numbers. Tail wagging the dog. As mentioned previously, Rick Cox of VRef does actually call me regularly to get my take on the Mooney market. I appreciate that.
  23. A Vref Appraisal or a VRev evaluation or a Bluebook evaluation or a Professional "Appraisal" or a Jimmy Garrison evaluation is only as good as it relates to what an arms length transaction actually reflects. And a lot of it that transaction depends on the buyer and his needs or wants. A good example is TKS. Appraisers and Value Guides and Jimmy will add value to a Mooney anywhere from $10,000 to $20,000 for the installation. Fact is, it costs in excess of $50K to install it. But it is a reality that if a buyer lives in the PACNW or Great Lakes or New England, that this installation can add well more than the typical $15K that guides add. It may be worth $50K to the right buyer who HAS TO HAVE TKS and HAS TO HAVE IT RIGHT NOW. And it may be worth zero to a buyer in Florida or Arizona. What about paint? VRef adds $6000 for 'New Paint'. I've personally seen some recent paint jobs that ranged from $22K to $42K on Mooneys. If cosmetics is your thing, then the value you derive from a gorgeous new paint job may be well more than you get from an appraiser or a book. I have purchased aircraft for quite a few clients. Everything from Bonanzas, to TBM-700's to PC-12's to King Airs (at least two of each of those models). Everybody knows I'm a Mooney guy. But it doesn't take long to interview a buyer and figure out what is important to him and then survey the market (both advertised and unadvertised - brokers and dealers are pretty good at finding unadvertised aircraft) and then take a simple spreadsheet to find the right value (weighted for specific needs). I have found that in almost every case mentioned here when I have been engaged to buy a plane for a client, that the plane they are focused on is the wrong plane for them and usually the wrong plane for value. In ever case but one, we wound up buying a different plane. Is a VRef Appriasal worth $800. If you want a 'by the book' evaluation, probably so. But if the appraisal is not weighted toward your actual needs, then you may get a final number that doesn't come close to your reality as a buyer for what you need in an aircraft. Then you have to ask yourself, is the $800 spent to determine the value for someone who is not you worth it? On the other hand... Eh... $800 in aviation is peanuts. EDIT: Just to clarify: I don't do Acquisition services on Mooneys. Conflict of interest to my clients who turn their aircraft over to me. EDIT 2: I do Market assessments on occasion for aircraft owners. I work by the hour. Typical assessment takes about 4 hour at $100 per hour. As long as I don't have to spend a bunch of time tracking down info on the plane. That assumes most of the data on the plane is provided to me in a concise and easy to decipher manner.
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