Gov't Auctions - M20L Liquid Rocket, M20E

[Jeff H.]

I do not know anything about this group and have no experience with them - found them as a contracted US Marshals selling agent for forfeited property.

 

Interesting listings for a Liquid Rocket and a nice looking M20E -- http://irggroup.com/cars-for-sale/1998-mooney-m20l/

 

Jeff

[bonal]

Couple of nice looking E's never seen that site but I know there are lots of govt auctions.

[aviatoreb]

Huh - says $189 for the liquid rocket then it says place bid.  Is it to the highest bidder or the highest bidder over $189k?  $189k is probably higher than market value. Or can I bid a dollar and take it home?

[carusoam]

Other listings were showing minimum bids. Like the Falcon Jet...$89k I think...

No keys or logs.

Are you feeling lucky...?

[aviatoreb]

Other listings were showing minimum bids. Like the Falcon Jet...$89k I think...

No keys or logs.

Are you feeling lucky...?

Best regards,

-a-

 

I'd take it for $1.

[FlyWalt]

Where do you see no keys or logbooks?

[RobertGary1]

Where do you see no keys or logbooks?

Its assumed in auctions. If they somehow had the logs they would list it in big bold letters because its uncommon. Most drug dealers who have the feds take their assets don't turn logs over to the Marshall's office.

Logbooks are a condition of your bid. Its a checkbox.

 

-Robert

[RobertGary1]

Here is one that says it has logs. A nice V tail

http://irggroup.com/cars-for-sale/1961-beech-bonanza-n35/

 

-Robert

[RobertGary1]

Ah, misunderstanding. The Mooneys are not gov't auctions. This site does both gov't and private auctions. The Mooneys are probably just normal sales, maybe estate.

 

This guy may sell is Cessna 410 more easily if he got his arm out of the picture.

http://irggroup.com/wp-content/uploads/2014/11/IMAG0134.jpg

[KSMooniac]

The cheesy TV show "airplane repo" features a guy from IRG... they repossess boats and planes and other expensive toys for banks and I expect that is what happened with these planes.  They're way, way high on that Rocket, but you can always bid low!    It looks like a nice plane, and it is likely the fastest Mooney out there.  Too bad it is a mostly orphaned engine, so keeping it going might be challenging.  RAM in Waco does support those engines since they also did conversions with it in case anyone is tempted.  

[Seth]

The SF260 has the paint job from Air Combat USA and is number 207.  208 is on the webpage for Air Combat USA.  I'm curious if this was one of their birds or if it's one that used to be theirs that they sold off.  I know that they rebuild them every x hours, and maybe after so many, they sell them and get a new one (or lose one to a bank).  They currently have 7 aircraft.

 

-Seth

[Seth]

An Aerostar, a 414, and a 421B all available here.  Hmm.

 

-Seth

[aviatoreb]

An Aerostar, a 414, and a 421B all available here.  Hmm.

 

-Seth

 

Don't do it Seth...it will cost ya more in the end than just buying a plane the old fashioned way.  (The old fashioned way - spend lots of time looking for the right airplane in good shape - then have it prebuy - then negotiate but be willing to pay real dollars for a real airplane).  (If you want an aerostar - just call up our friends at Weber - they will set you up - and when they tell you they are selling you a quality airplane, you can trust them that they know the airplane and its issues).

 

So how do this auctions work?  If I bid $1 on the liquid rocket - and no one else does- do I get it?

 

That liquid rocket claims 350hp.  That must be one very fast airplane.

[mike_elliott]

Other listings were showing minimum bids. Like the Falcon Jet...$89k I think...

No keys or logs.

Are you feeling lucky...?

Best regards,

-a-

Ever watch Plane Repo on TV? these are the guys... 

[RobertGary1]

Ever watch Plane Repo on TV? these are the guys... 

 

I still don't understand how you can jump in a repo plane and fly it away with no logs. No knowledge if its in annual, current AD's, middle of maintenance, etc. How could you ever be PIC? Anyone who is getting their plane repo'd probably hasn't been spending money on keeping up maintenance.

 

-Robert

[KSMooniac]

The show is 100% staged FWIW.

Sent from my VS985 4G using Tapatalk

[FlyWalt]

I still don't understand how you can jump in a repo plane and fly it away with no logs. No knowledge if its in annual, current AD's, middle of maintenance, etc. How could you ever be PIC? Anyone who is getting their plane repo'd probably hasn't been spending money on keeping up maintenance.

 

-Robert

 

You don't understand because you are not Nucking Futz like these guys are. Their pilots are probably the unemployable ones who have "issues" on their licenses already and live for the adventure.

[Htwjr]

What are the big holes near the tail on the liquid rocket?

[aviatoreb]

What are the big holes near the tail on the liquid rocket?

 

Thats the rocket exhaust ports.  Really - its a liquid cooled engine.

[Marauder]

I'm curious about what kind of yokes are in the plane. Never seen one like that on a Mooney.

[aviatoreb]

I'm curious about what kind of yokes are in the plane. Never seen one like that on a Mooney.

 

Are those the normal M20L yokes - the ones that came with the flopped project Porche Mooney?

[Marauder]

Are those the normal M20L yokes - the ones that came with the flopped project Porche Mooney?

Don't know. Sure look strange though.

[KSMooniac]

Yes, those are PFM yokes...kinda space-age looking and unique to the M20L, and retained in the conversions.  The PFM also had a single power lever...fortunately this conversion went back to 3 controls.

The hole in the tail is for the radiator cooling exhaust, I believe.

[triple8s]

I thought those holes were for the optional JATO's

[jrwilson]

I bid really low (10k) on the M20L because it's a repo etc, and for grins. He emailed back and basically said they get at minimum 90% of asking price, usually more than asking price. I said "well good luck to you."