UnPossible
Well Known Member
Hey ? I?d love some thoughts as to the logic of my plans. From my perspective it seems like a solid plan, but I?d love to hear from those with more experience to see if there is some flaw that I?m not seeing.
I have always wanted to build a plane. After a ton of research, I really want to build an RV-7A or a RV-9A. However, I?m not sure that it makes the most sense at this time. I currently am a 35 year old student pilot with 30 or so hours under my belt. I want the RV, but based on my skill level, a ?trainer? type aircraft would make more sense in the immediate future.
Here?s my tentative plan;
1) Buy a ~$25,000 Cessna 150/152, Piper Tomahawk, etc this spring/summer ?08
2)Pay it off over the next 12 months.
3) Order an RV kit - Summer/Fall-09
4) Build RV Kit ? 2-3 years.
5) When ready for an engine for the RV, sell the 150/Tomahawk and use the funds for a new engine.
Seems to me like I can find a 150/152/Tomahawk with low hours (<600) on the engine in the $25K range. Assuming I fly a hundred or so hours a year for the next 2-3 years, I imagine that I should be able to get what I paid for it back out (or close to it) when I sell.
If I go this route, I would have a solid plane to fly for the next few years, and by the time the RV is finished, I will have several hundred hours under my belt which should help with insurance.
Has anyone else gone this route, and are there any pitfalls that I?m not seeing?
Thanks,
UnPossible
I have always wanted to build a plane. After a ton of research, I really want to build an RV-7A or a RV-9A. However, I?m not sure that it makes the most sense at this time. I currently am a 35 year old student pilot with 30 or so hours under my belt. I want the RV, but based on my skill level, a ?trainer? type aircraft would make more sense in the immediate future.
Here?s my tentative plan;
1) Buy a ~$25,000 Cessna 150/152, Piper Tomahawk, etc this spring/summer ?08
2)Pay it off over the next 12 months.
3) Order an RV kit - Summer/Fall-09
4) Build RV Kit ? 2-3 years.
5) When ready for an engine for the RV, sell the 150/Tomahawk and use the funds for a new engine.
Seems to me like I can find a 150/152/Tomahawk with low hours (<600) on the engine in the $25K range. Assuming I fly a hundred or so hours a year for the next 2-3 years, I imagine that I should be able to get what I paid for it back out (or close to it) when I sell.
If I go this route, I would have a solid plane to fly for the next few years, and by the time the RV is finished, I will have several hundred hours under my belt which should help with insurance.
Has anyone else gone this route, and are there any pitfalls that I?m not seeing?
Thanks,
UnPossible