Hey all, this is kind of a story so bear with me, ill try to summarize.
im 26 - just got accepted into the army warrant program through the CA national guard, and im also a full time employee of L3 comm (gov contract through the navy)
the old man has had a C170 for me to fly over the last 4 or 5 years now, and ive accumulated about 250hrs of tailwheel time, 0 tricycle time (hah), and a pilots license.
now the old man is going through a divorce and the plane has been sold
but its a good thing, because now im forced to buy something i really want!
I have an -4 picked out, its a 1993 build, 0-320, wood prop, very clean in and out, nice paint, nothing fancy but in real nice shape. 7xxhrs TT for $35k
last night i applied for a $35k loan through aopa/bank of america.
can anyone else reccommend any other places to apply through? im only grossing just under $4,000 - no rent, and my only other debt is a motorcycle loan with $4300 left on it (about 125 a month), and my credit card has about 900$ charged on it.
id really like to pick the thing up without having to put any cash down as id have to pull it from investments, and i only have about $7k available.